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Top Life Insurance Companies
Compare top life insurance options and get a free quote.
Policygenius: Key Takeaways
✓ Compare quotes from top insurers side by side—for free
✓ Smart digital tools with real, licensed agents
✓ Personalized help from licensed human support
✓ Smart digital tools with real, licensed agents
✓ Personalized help from licensed human support
✓ Customizable policies starting at less than $1/day
✓ Coverage up to $2 million
✓ No medical exam required
✓ Coverage up to $2 million
✓ No medical exam required
✓ Rates for less than $20 a month
✓ Terms ranging from 10 to 40 years
✓ Coverage up to $10 million
✓ Terms ranging from 10 to 40 years
✓ Coverage up to $10 million
✓ Simple online application
✓ Coverage up to $1.5M
✓ No medical exam necessary
✓ Coverage up to $1.5M
✓ No medical exam necessary
✓ Coverage up to $3 million
✓ No medical exam required
✓ Most policies issued within minutes
✓ No medical exam required
✓ Most policies issued within minutes
✓ Rates as low as $23 a month
✓ Up to $1 million in coverage fully online
✓ Access to resources to create wills and estate planning documents
✓ Up to $1 million in coverage fully online
✓ Access to resources to create wills and estate planning documents
What is life insurance?
Life insurance is designed to provide financial support to your loved ones after you die. Life insurance can help cover funeral expenses, mortgage payments, and other financial obligations. When you get life insurance, you enter into a contract with the insurer where you pay them a monthly premium, and in return, they will pay out a lump sum to your beneficiaries after you die.
Who should get life insurance?
If your death would have a financial impact on the people in your life, then you should get life insurance. Examples of people who should consider life insurance include: primary earners in the household, people with dependents, stay-at-home parents, small business owners, and co-signers or co-owners of debt.
What do our ratings mean?
We've provided standardized ratings for each carrier featured on this list to help you compare your options. Here's a breakdown of what each category means:
What type of life insurance should I get?
There are three main types of life insurance to choose from:
Term life insurance
Term life insurance is a lower-cost option that covers you for a set amount of years. Term life insurance is good for those with tight budgets, or who have a specific, short-term financial need for coverage.
Permanent life insurance
Permanent life insurance covers you for as long as you pay the premiums. It’s usually more expensive than term life insurance. Permanent life insurance is good for those who are willing to spend more to ensure they are covered throughout their life.
No-exam life insurance
This insurance doesn’t require the applicant to undergo a medical exam during underwriting. Approval is usually quicker with this type of insurance, and it may be more accessible for those with certain health conditions.
How much does life insurance cost?
The cost of life insurance depends on factors like age, health, term length and more. The average cost of life insurance for a 40-year-old buying a 20-year, $500,000 term life policy is $26 per month. Life insurance rates vary based on your life expectancy. Factors like your age, gender, health, driving record, and occupation determine your rates.
How much life insurance do I need?
To figure out how much life insurance you need, add up your financial obligations. Include any long-term payments, like mortgage or student loan payments. Then subtract your assets, such as savings and other available funds. What’s left is the gap your life insurance benefits will have to fill.