life insurance companies
The insurance industry is one of the most profitable industries in the world because people are always going to have a desire to protect their investments. When it comes time to choose a life insurance provider, it can be an overwhelming experience due to the fact that there are a multitude of viable options with which to choose from. Different companies offer different variations on the 5 basic types of life insurance, (Term life, whole life, universal life, variable life, universal variable life) so it is important to do your research on each company beforehand to determine whether or not their policies/costs satisfy your unique situation. With an industry as large and competitive as the life insurance industry, there is an extremely large pool of companies from which to choose from, so it's important to know which ones are viewed as the best. The following life insurance providers are a sampling of some of the more prominent insurers in the industry.
Metropolitan Life Insurance (Met Life): Met Life was initially funded by $100,000 in start-up capital almost 135 years ago, and has been insuring lives ever since.
Met Life Insurance Policies include:
- Term Life: Met Life offers 3 types of term life insurance:
- 1) 1Yr- The Met Life 1 yr plan guarantees policyholders the option of renewing each year, regardless of your health status & only up to age 95.
- Scheduled Term Insurance- Met Life offers 10,15,20,25 or 30 yr plans that must be renewed annually.
- Level Term Insurance- Met Life offers protection that remains constant throughout the amount of time you select, either 10, 15, 20 or 30 years. (This term period cannot be changed at any time)
- Permanent Life: Met Life offers 2 types of permanent life insurance:
- Whole Life- This is the most basic type of Met Life permanent life insurance. Premiums will not increase at all and you are able to build a cash value account.
- Universal Life 2001- This is a variable universal life policy that offers its holders a death benefit & investment opportunities.
www.MetLife.com
New York Life Insurance Company: The New York Life Insurance Company saw its origins in 1845 and soon became the first American life insurance provider to pay its policyholders a cash dividend. Recent estimates show that the New York Life Insurance Company has in the vicinity of $129 billion in consolidated assets, so you can be sure that they are a financially sound company.
New York Life insurance policies include:
- Term Life Insurance
- Permanent Life Insurance
- Whole Life
- Premium Whole Life
- Universal Life
- Variable Universal Life
- Survivorship Life: Covers 2 people and provides a life insurance benefit following the death of the last surviving insured policyholder.
www.NewYorkLife.com
Prudential Life Insurance: Prudential Life Insurance is a part of Prudential Financial, one of the largest & most recognizable life insurance companies in the United States. Prudential Financial was launched in 1875 in order to help people to find the financial security & peace of mind that they so rightly deserve.
Prudential Life Insurance policies include:
- Term Life
- Permanent Life
- Variable Life
- Universal Life
- Whole Life
- Survivorship Life: Not unlike Universal life, with the exception that it covers 2 people as opposed to 1.
www.Prudential.com
Pacific Life Insurance: Pacific Life Insurance, founded in 1868, offers its customers both life & health insurance policies, along with individual annuities, mutual funds & group employee benefits. Pacific Life has been experiencing a rapid growth spurt over the course of the last 10 years, and is currently the 15th largest life insurance provider in the country.
Pacific Life Insurance policies include:
- Universal Life Insurance
- Variable Universal Life Insurance
- Interest-Sensitive Whole Life Insurance
- Joint & Last Survivor Life Insurance
- Term Life Insurance
www.PacificLife.com
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Aged 50 or older? You should take a look at our > LONG TERM CARE < section
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