The most popular life insurance companies are popular for multiple reasons. Affordability of premiums is one main element consumers look for in a life insurance policy. Credible life insurance companies offering lower premiums for higher death benefits win consumer popularity quickly. Average life insurance premiums are approximately $27 per month, but there are cheaper and more expensive premiums available in the market. 

What other elements make a life insurance company become so popular consumers are willing to spend several hundred dollars of hard-earned money each month on its premiums?

Learn About the Best and Most Popular Life Insurance Companies

The length of time a life insurance company is in business affects its popularity with consumers. Some of the most popular policies are not only priced low but they do not require an exam in order to receive the policy. Some exceptions exist for the ‘no exam’ types of policies and those with previously existing conditions may find themselves paying more, even if no exam is required.  

For example, the longer a company has thrived without bad reviews, the more credible it logically must be. Name recognition is also important, as is the location and/or where a company was founded. 

Some consumers prefer to purchase life insurance from a company founded in their own state.

Ultimately the most popular life insurance companies provide high-quality customer service and products consumers trust. In most instances, the cost of a good life insurance policy costs less than an expensive cup of coffee each day. 

Some of the most popular life insurance companies in 2021 include:

  • Mutual of Omaha.
  • State Farm.
  • Northwestern Mutual.
  • New York Life.
  • Guardian Premium.
  • Mason Finance.

Updated on 05/24/2022