Term life insurance can help you secure the financial future of your family. But there are a lot of different types of policies to choose from. This article will help you determine which is right for you.
Northwestern Mutual
Originally founded as the Mutual Life Insurance Company of the State of Wisconsin in 1857, Northwestern Mutual has become a nationwide financial services company. It offers a full range of life insurance products and services. Specifically, the company offers term life insurance, whole life insurance, and universal life insurance.
Northwestern Mutual has an excellent customer satisfaction rating. The company receives four out of five stars from J.D. Power for overall customer experience. The company has a high financial strength rating, indicating that it can pay claims in a timely fashion.
The website is sparse and provides little information on prices. However, the company does offer a life insurance calculator and market news. They also explain how to file a claim.
The company has funded 240,000 hours of research for childhood cancer. They also donate millions of dollars to communities. Northwestern Mutual is a community-minded company. In the last decade, the company has given $170 million to local communities.
Northwestern Mutual's website also includes a life insurance calculator. It explains how to use the calculator and how to file a claim.
The website also describes how Northwestern Mutual employees are involved in their communities. For example, employees spend 30,000 hours of their time volunteering each year. They also explain how to make charitable contributions.
The company has earned the highest financial strength rating in the industry. It also has a stable outlook for the future. The company's dividends are distributed to policyholders. They can be used to pay premiums, increase the cash value of your policy, or purchase additional insurance.
Northwestern Mutual's term life insurance offers coverage for a specified time period. The premiums are also based on the type of coverage and age.
State Farm
Term life insurance from State Farm is a good way to cover your family's expenses while protecting their future. A life insurance policy from this company can also help pay for your children's education.
The National Association of Insurance Commissioners (NAIC) rated State Farm as one of the top ten life insurance companies in the United States. They have an AA rating from S&P and an A++ rating from AM Best. The company also received a good reputation for customer satisfaction.
The company is also a member of the FDIC. They offer a wide variety of financial products, including term life insurance, whole life insurance, auto insurance, renters insurance, and supplemental health insurance. They also offer disaster-ready preparedness programs.
The guaranteed insurability rider is an optional rider available on select Universal and Whole Life policies. It offers a hefty coverage amount and can be added to your policy for an additional cost.
The Children's Term Rider can be added to a Whole Life or Universal Life policy to provide temporary insurance for your children until they reach 18 years of age. It can provide up to $20K in coverage for each child.
State Farm is an excellent company that is committed to serving its customers. It also takes pride in being an active member of its community. They offer a variety of financial services, including checking and savings accounts, credit cards, and home loans.
When you're ready to apply for a State Farm term life insurance policy, you can use their online application or talk to an agent. Once you submit the application, you'll receive a life insurance quote. You can then choose the type of insurance, the amount of coverage, and the level of death benefit.
Mutual of Omaha
Founded in 1909, Mutual of Omaha has been a leader in the insurance industry for decades. The company offers a variety of life insurance and banking products. The company also provides mutual funds and investment options to policyholders.
The company's products include whole life, term life, and universal life insurance. In addition, Mutual of Omaha offers banking and investment services for policyholders. It is not uncommon for an insurance company to offer a variety of different products to meet the needs of different policyholders.
For those who don't want to deal with the hassle of a physical exam, Mutual of Omaha offers a no exam life insurance policy called IUL Express. The policy provides coverage for up to $300,000. It is a quick issue IUL policy, which does not require a medical exam. However, the premiums are higher than the preferred rate class on other IUL products.
The company also offers a whole life insurance product called Living Promise Whole Life Insurance. It offers a guaranteed level for those aged 45-85. This product is a great choice for those who need coverage for final expenses. The policy never cancels for non-payment and provides affordable coverage.
The company's product offerings also include a guaranteed issue option for those who are healthy and don't smoke. This is a great option for anyone who needs coverage for a serious medical condition.
Several products offered by Mutual of Omaha include accelerated death benefit riders. This rider allows the beneficiary to receive a portion of the death benefit while the insured is still living. The rider is also available to beneficiaries who are confined to a nursing home.
The company also offers an Accidental Death Benefit Rider. This rider adds additional life insurance if the insured is killed in an accident.
Principal Financial
Term life insurance is designed to provide financial protection for a specified period of time. It is a great choice for many reasons. For example, it can be used to fund expenses for a terminally ill loved one. In addition, it is tax-deferred and cash value can be withdrawn for any reason.
Principal offers affordable term life policies. This coverage comes in 10-, 15-, 20-, and 30-year terms.
Principal's online term life quote calculator can help you find the best policy for your needs. If you prefer to talk to a representative, they can be reached by phone and email. They are available Monday through Friday from 7:00 am to 7:00 pm Central Time.
Principal Financial Group is based in Des Moines, Iowa. They have 140 years of financial protection experience. They offer innovative financial products and long-term savings solutions globally. Their business model is based on sound, ethical business practices. They are one of the most highly rated life insurance companies in the United States.
Principal's one-year term (OYT) policy provides 12 months of temporary life insurance protection. It offers coverage options up to $1 million. Term insurance rates are competitive across all age brackets.
For those who need a longer term life insurance policy, Principal offers a conversion extension rider. This rider allows you to extend your coverage for an additional year. This is especially useful if you plan to take in grandchildren.
Principal also offers a Universal Life Flex III policy, which provides flexible long-term protection through age 121. This policy offers coverage options starting at $25,000. It also comes with a guaranteed minimum annual rate of 1% for cash value accumulation.
Principal offers a variety of riders, including an accelerated death benefit. The rider will provide an accelerated death benefit for up to 75% of the policy's face value.
Guardian
Depending on your age and income, you may qualify for up to $2 million in coverage with Guardian term life insurance. This type of policy provides protection for you during your lifetime, and the insurance company will pay the benefits upon your death.
Guardian provides coverage in all 50 states. You can obtain this coverage from an independent insurance agent or through your employer. The company offers a wide variety of policies, including term, whole, and universal life insurance.
The Guardian Life Insurance Company of America has been in business for over 150 years. They are accredited by the Better Business Bureau and have received the A+ rating. The company also offers investment management and retirement planning.
Guardian offers several different types of policies, including term, whole, and variable universal life insurance. The company also offers riders. They offer a long-term care rider, a guaranteed insurability option, and an index participation feature. They also offer an accelerated terminal illness rider, which pays out a benefit when an insured dies from a terminal illness.
The company also offers a special life insurance policy for people living with HIV. The policy requires that the person have been on highly antiretroviral therapy for the last two years. They must also be between the ages of 20 and 60.
The company also offers an app that gives you access to your policy, payment history, and beneficiary information. This is a useful tool, as it allows you to manage the benefits you receive.
The company also has a long history of financial stability. It has been paying dividends to policyholders for almost 180 years. In 2019, Guardian Life insurance brought in almost $10 billion in policyholder premiums.