Check out this article to know which Life Insurance Company is the best when you want to register one.
What is Life Insurance? It is a lump-sum of money you will receive when your passing come or the contract’s period end. To get one, you need to make a contract with a Life Insurance Company. However, there are a good number of companies out there, and it can be hard to decide. So, which one is the best?
Here below is the 3 Life Insurance Companies that can be considered to be the best in cost, benefit, and services.
1. Mutual of Omaha
This Life Insurance Company can be the choice to go if you in need of a great reputation company with a lot of options.
The Mutual of Omaha was found in 1909, and until now, their record is pretty clean, mean they don't have much complains in providing services. In other words, if you make a contract with them, you will receive the benefit when then the time comes.
Moreover, the company places the customer’s satisfaction as their best interest. They are willing to take a hit in their sales to meet the demands of their customers. Thanks to that, they have a lot of policies you can choose from, but their specialty is pretty non-existent.
Another drawback is that they don’t have any online registration, so you have to meet their agent face-to-face to set up a contract.
The Protective Life Insurance Company is like other traditional companies, similar in excellent services, a standard range of options, good financial stability, low complaint level from customers, etc. What makes them stand out, however, is their low cost to begin a contract.
You heard that correctly! You will receive a life insurance contract as per standard like usual with low price. Of course, there are cheaper options out there, but you won't find any great choice besides Protective. It is perfect for customers who are tight on their budget.
However, there is a catch; Protective won’t extend their services toward smoking people or those who once were. That also means you won’t escape the medical exam either.
3. Haven Life
If you are don't like to take an examination, Haven Life can be a better choice. They offer up to $1 million death benefit instantly for people who is younger than 59 and have no pre-existing health conditions while bypassing the exam procedure.
Of course, if you wish to have more than $1 million, an exam may be necessary, that also apply to people with certain health conditions.
However, you can only apply for term life policies. They don't have many other options available for you if you choose to bypass the examination.
While there are many restrictions to not having an exam taken, they are quick to approve your request, and you can also do it online. Meaning after filling in the necessary information and pass all the requirement, you will get your life insurance secured after paying the contract cost.
And you don't have to worry about their financial stability, as they are backed by MassMutual, who is renowned for their stable finance.
Life Insurance is critical, but choosing a suitable company is the most crucial. If the company is bankrupt, both your money and life insurance contract can be considered gone.
These Life Insurance Companies mentioned above not only have excellent financial stability while also having many choices for you to consider.