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Consumers Have Many Term Life Insurance Companies From Which To Choose

By Mike Heuer

When it comes to finding the best deal on term life insurance, there are many fine term life insurance companies from which to choose. That is why this site and its free, 100 percent secure online term life quote tool calculator was created to help sort through the various life insurers and find the best deal possible.

As ranked by the National Association of Insurance Commissioners, top term life insurance companies include New York Life, Northwestern Mutual Life Insurance Co. and the TIAA-CREF Life Insurance Co. New York Life is one of the most recognized names in the life insurance industry and has a financial strength rating of A++ (Superior) as determined by the A.M. Best company, which is a third-party ratings service and likely the most respected such service in the insurance industry.

A high financial strength rating indicates an insurer’s ability to pay claims when filed and suggests their service is among the best in the industry. The A++ rating is the highest and insurer can earn. Also earning high marks is the Northwestern Mutual Life Insurance Co., which also has an A++ rating and is a mutual insurance company, which means its policyholders also are its owners, making it one of the most customer-friendly and affordable life insurers around.

If profits exceed a certain amount, policyholders receive dividends to offset the additional cost. It would be akin to the federal government automatically issuing tax refunds if it ever ran a budget surplus, which most people recognize is unlikely given the current state of the federal government and its spending policies.

Also earning top financial strength ratings from A.M. Best are TIAA-CREF and the USAA Life Insurance Co. TIAA-CREF is a financial services firm that also provides life insurance protection and does a great deal of philanthropy among public and private educational institutions at all levels. The USAA Life Insurance Co. is a subsidiary of the USAA company, which was founded during the 1950s in Texas by military members looking for more affordable auto insurance rates. USAA stands for the United Services Automobile Association and has grown a great deal over the years.

Memberships in USAA is exclusive and requires a family member being a current or former member of the military. Its life insurance and term life plans are very affordable and were offered to make it easier for military members to obtain life insurance coverage, which was denied to many military members by other life insurers due to the high risk associated with military service.

While the list of the top life insurance companies is not an exhaustive one, it does indicate there are many fine life insurance companies from which to choose, and consumers can use sites like this one to obtain up to dozens of free estimates on term life insurance and other kinds of insurance coverage to find the best deal possible.