To help you find life insurance coverage that fits, we’ll first take a look at our Top 10 life insurance companies in the United States, then dig a little deeper into which companies excel in the kind of coverage you may be looking for. Since florida life insurance policy type and company ratings are key factors in your decision, we’ll also discuss how to decipher that data.
Finding the right type of life insurance in florida can seem so overwhelming that it’s easy to put it off. But if you have family members who depend on you financially, you need coverage. A little knowledge can go a long way toward helping you find life insurance coverage in Florida that’s tailor-made to protect your family.
Deciding on the Best Life Insurance Company in florida for Your Coverage
With more than 800 insurance companies in the United States, you could spend months comparing life insurance quotes in florida and analyzing ratings without ever knowing for sure that you’d chosen the right company. And that’s before considering your specific needs. OR, you can compare life insurance quotes in florida the easy way.
Let’s start by narrowing the choices. We work with numerous insurers and we do a lot of research. We’ve narrowed hundreds of companies down to our 10 favorite. There are other great companies out there, but these 10 consistently offer the best products and customer service, and they exhibit strength and stability, which means they’re more likely to be there when you need them.
Our Top Picks For Best Life Insurance in florida
Although the best florida life insurance company and policy will vary from person to person, we have poured through many of the details for you and have come up with a list of our top picks.
These companies, while diverse in their offerings and history, offer some of the most affordable, helpful coverage and have the best life insurance products on the market.
Haven Life
Haven Life has upended the traditional process of acquiring term life insurance in florida by getting rid of the medical examination for people who qualify.
Even if you do need a medical exam, Haven Life’s process is quick and easy to navigate.
Haven Life offers only term life insurance coverage, which is usually the simplest and most affordable type of coverage, especially if you’re young and in good health. The agency’s policies are backed by MassMutual which has earned the highest financial ratings offered by A.M. Best and other insurance company ratings agencies.
Banner Life
Banner Life Insurance is a leader in terms of life insurance product diversity and customer service. The company has been operating since 1949, and it currently holds about $415 billion in premiums in force.
Banner Life has both flexible and comprehensive coverage options. For example, they offer special rates for younger or health conscious individuals. In addition, people up to age 95 can apply for a Banner Life term policy in florida, which is nearly unheard of in the insurance industry (most other insurers cap applicants at age 65 or 75).
Banner Life has earned high ratings, including an A+ from A.M. Best, an AA- from Standard & Poor’s, and an A from Fitch Ratings. The company also has earned an A+ rating from the Better Business Bureau.
AIG
With more than 49,000 employees and clients in over 80 countries and jurisdictions, AIG, or American International Group, is often considered the world’s largest insurance organization. But does the company’s quality match its size? Generally speaking, the answer is yes, according to all four ratings agencies.
AIG Life and Retirement, the division responsible for the company’s life insurance policies, has earned:
A+ – Standard & Poor’s
A2 – Moody’s
A+ – Fitch
A – A.M. Best
Prudential
Another long-standing, top life insurance company in florida is Prudential, which manages more than $1 trillion in assets for clients throughout the world.
Prudential offers a number of different policy options, including term and permanent life insurance coverage in florida. Permanent coverage from Prudential includes universal, indexed universal, variable universal, and survivorship universal life insurance.
The 140-year-old company has earned high ratings, including an A+ from A.M. Best, an AA- from Standard & Poor’s, an A1 from Moody’s, and an A+ rating from Fitch. Get a better understanding the company and their products in our Prudential review.
We’ve noticed that applicants who use chewing tobacco often prefer Prudential because the company does not place chewing tobacco users into its classification for smokers, and this can save a huge amount of money.
Met Life
MetLife, another well-known insurance and financial services provider in the United States and globally, offers a variety of policy options, including term, whole life, universal, variable, and survivorship plans.
MetLife also offers a simplified issue term life insurance in Florida which does not require applicants to get a medical exam. This can be a good option for those who have health-related issues that might make a medically underwritten policy too expensive or impossible to buy.
Voya Financial
Formerly known as ING, Voya Financial has emerged as a leader in today’s financial and insurance services industry. The company is comprised of premier insurance, investment, and retirement companies, and it serves roughly 13 million clients in the United States.
Voya provides a wide array of coverage, including term life, universal life, indexed universal life, variable universal life, and survivorship policies in florida.
The company currently has about $519 billion in total assets under management, and it is considered a top five retirement plan provider based on the number of plans, participants, and assets.
Mutual of Omaha
Mutual of Omaha has been serving customers in the life insurance arena for more than a century. It provides a wide variety of products including term, whole life, universal life, and accidental death in florida.
The company provides easy-to-follow online steps to help customers determine how much coverage they may need. The site also offers calculators to help determine how long life insurance proceeds may last.
Mutual has earned best life insurance company status from the rating agencies due to its financial strength and claims-paying history. Learn more in our review of Mutual of Omaha.
New York Life Insurance Company
New York Life Insurance Company opened more than 170 years ago, and the insurer has more than $425 billion in managed assets. It serves policyholders in both the United States and around the world.
New York Life offers term, whole life, universal life and variable life in Florida. The company is a financial stalwart, earning an A++ from A.M. Best, an AA+ from Standard & Poor’s, a AAA from Fitch, and an Aaa from Moody’s Investor Services. Get a more detailed review of New York Life Insurance Company.
Transamerica
Transamerica began its operation more than 110 years ago, and today it has grown into a financial and insurance powerhouse. Its life insurance company boasts an A+ rating from A.M. Best, an A1 from Moody’s, an AA- from Fitch, and an AA- from Standard & Poor’s.
Transamerica will issue 30-year term policies in florida up to age 58. Most companies will not issue a 30-year term policy on a person seeking life insurance in floridawho is over 50.
Lincoln Financial Group
Lincoln Financial Group provides numerous coverage options, including term, universal, and variable universal life insurance coverage in florida. Lincoln also has a combination life / long-term care option whereby a policyholder can use a universal policy as an alternative to purchasing a stand-alone, long-term care insurance policy.
The Lincoln Life and Annuity Company has earned high marks from ratings agencies, including an A+ from A.M. Best, an AA- from Standard & Poor’s, an A1 from Moody’s, and an A+ from Fitch.
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