Best Life Insurance Companies of 2022


If your child, spouse, life partner, parent depend on you and your income then you need life insurance to secure the future of these loved ones should in case of your demise. in This article we shall be going through the best life insurance companies in 2021 and everything you need to know on life insurance.

Life insurance is a type of insurance in which the insurer pays a certain amount(premium) to the insurance company in other for the company to pay a sum of money to its named beneficiaries when the insured dies. Life insurance is a legally binding contract that pays a death benefit to the policy owner when the insured dies. When the insured dies, the policy’s named beneficiaries will receive the policy’s face value or death benefit

They are two main types of life insurance which are term life insurance and permanent life insurance.

Term life insurance– as the name implies the term insurance lasts for a specified term(no of years) and then comes to an end. Common terms are 10, 20, or 30 years.

Permanent life insurance– Permanent life insurance stays in force for the insured’s entire life unless the policyholder stops paying the premiums or surrenders the policy. It’s typically more expensive than term. permanent life insurance is subdivided into 4 types which are the whole life, universal life, indexed universal, and variable universal.



Northwestern Mutual, has more than 160 years of experience in the financial services industry and offers a traditional approach to life insurance. Northwestern Mutual offers term, universal, and whole insurance policies.

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Haven Life insurance company offers only term life insurance policies and utilizes an online application process. Haven Life aims to offer affordable, easy-to-manage term life insurance policies online so you don’t need to leave your house before getting an insurance policy running. The entire application process is conducted online and can be completed in about 25 minutes.


State Farm has almost 100 years of experience. State Farm offers discounts for customers who purchase multiple insurance policies. State farms offer Term, whole, and universal insurance policies. The only con of state farms is they offer No life insurance offered in Massachusetts.

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Prudential was chosen as the best life insurance company overall based on the company history dating back to 1873, the broad selection of policies available, and excellent ratings for financial strength. one major con is that they are No online quote for permanent life insurance coverage.


New York Life offers a term, whole, universal, and variable universal. New York Life offers a wide range of coverage types, from annual term policies to variable universal life insurance. New York Life is a mutual company that is it’s own by policymakers. One of its whole life policies includes a flexible payment option, allowing you to pay off your premiums early.

Wrapping up

Planning to support your loved ones even when you are not there is one of the greatest senses of responsibility with the statement we come to the conclusion of this article on 5 best life insurance companies. I would enjoin you to set up a life insurance policy as one cannot precisely predict the future.

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