Life insurance offers financial stability to your loved ones after you die. It is a contract between the insurance company and you, wherein you pay periodic premiums, and the insurer, in return, pays the coverage amount to your beneficiaries after your death. If you are in the process of getting one, you may be wondering which insurer is the best. We have shortlisted the top 4 life insurance companies that might be right for you.

1. Prudential
Prudential has been around since 1873. It is reliable and has an A+ rating with AM Best. There are robust online resources and tools available on their website to help you choose the coverage you need. There is a life insurance calculator, quizzes, and self-explanatory articles to help you understand life insurance concepts. If you are not tech-savvy, you can choose to take online consultation from certified financial advisors or chartered financial consultants. Prudential has 12 different plans, including term life insurance, universal life, variable universal life, accidental death cover, children level term, and living needs program.

2. New York Life
New York Life has an excellent financial rating from Fitch (AAA), S&P Global (AA+), and J.D. Power (4/5 stars). It offers 4 main types of insurance coverage – term life, whole life insurance, universal life, and variable universal life. The company has about 6 percent market share, ranking it first in the US. The New York Life Insurance Group allows customers to pay early to avoid payment pressure in the future. It is mostly owned by policyholders and has been paying dividends for the last 164 years. Additionally, it offers estate planning programs, long-term care plans, retirement planning, and wealth management. This insurance company, however, does not offer online quotes but asks you to fill a form.

3. Northwestern Mutual
One of the best parts of Northwestern Mutual is that it offers CompLife and Whole Life Plus policies. This means the company lets you buy term life insurance for some years and then converts it to whole life for the rest. This is beneficial for people who want both short- and long-term life insurance. Northwestern is giving 10, 20, or 80 years renewable term options. It also offers universal life insurance, financial planning advice, disability insurance, and much more. Quotes for premiums are not visible online. Instead, the company asks you to fill a 4-question form, and then their financial advisor gets in touch with you. Northwestern paid $6.2 billion in the form of dividends to its policyholders for 2020.

4. State Farm
State Farm is one of the best life insurance companies because you can apply online for term life insurance of $50,000 coverage without any medical exams. However, this is only applicable if you are between 16 and 45 years of age. It also allows you to request a quote over the phone or email, but policies are approved in-office. They have an excellent track record of customer satisfaction and good ratings from ranking companies. Apart from the term, whole, and universal life insurance, it also provides a Select term for 10 to 30 years with a guaranteed benefit. They also have Return of Premium life insurance, which builds cash value, lets you borrow against, and pays you the policy’s value if you outlive the term. Worthy add-ons to life insurance include children’s term rider and waiver of premium with disability.