Best Life Insurance Company

What is Life Insurance?
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay out lump sum to your dependants should you pass away during the term of the contract. The cost of policy is determined by a number of factors including your age, health, and lifestyle.

Why do you need life insurance?
Life insurance can help your partner or children continue to pay for any financual commitments you have that might then fall to them to pay if you passed away.
Life insurance can help to make sure your dependants would then be able to keep up with any mortgage repayments and bills you pay if you passed away. The lump sum payout they would receive could also help to pay for other things you would usually help to cover, like food bills or schooling.

Type of Life insurance
- Permanent life insurnace
Permanent life insurance provide the benefits of life insurance like paying your beneficiaries in the event of your death and trying to be an investment account at the same time.
A permanent life insurance policy includes something called “cash value” as a saving account you’re depositing money into every month. It’s a pool of money you own and can access or borrow againts. The longer you have policy, the more cash value the policy has.

- Whole life insurance
When you purchase a whole life policy, you lock in the premium amount for as long as you want the policy. The loger you own the policy, the more cash value it has. It really is like a savings account.

- Universal life insurance
Like a whole life policy, universal life insurance has a death benefit and cash value. But unlike whole life policies, universal life insurance policies offer adjustable premiums where you able to access some of the cash value to adjust your yearly payment. 

Now you know about life insurance. All of you now might be looking for a good life insurance. So, here it is the best Life Insurance Company for February 2019.

List of the best life insurance company in US for February 2019

NerdWallet composite score (300-point max; methodology below)
1. Northwestern Mutual
2. Pacific Life
3. MassMutual
4. Guardian Life
5. State Farm Life
6. Nationwide
7. Principal Financial
8. New York Life
9. Lincoln Financial
10. John Hancock
11. AXA Equitable
12. Minnesota Life (Securian)
13. Prudential
14. Brighthouse Financial
15. Midland National (Sammons)
16. Voya
17. Primerica
18. Protective
19. Mutual of Omaha
20. Transamerica

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