“I am prepared for the worst, but hope for the best.” ~ Benjamin Disraeli
Insurance is a big step towards securing your future for the worst, just like Benjamin Disraeli wants to narrate. There are several kinds of risks in life which are severely inevitable. Risk of meeting with a minor/major accident, or facing any kind of natural disaster, of unexplained property loss due to fire or theft and much more can come as factors, causing intellectual and commercial loss to a certain extent. Insurance is the best way to prepare oneself for any fatality coming in the way. Insurance companies have enrolled the world with its newfound policies, insurance procedure and revenue ratings.
Several criteria are constructed to classify some of the Top 10 Best Life Insurance Companies such as premium collections, market capitalization, income, profit ratios, geographical area, assets, and more. With a widespread cobweb of networks and clients, lets peep into the world of financial security with major rankings and secured services.
Top 10 Life Insurance Companies in the World
1. MetLife (Metropolitan Life Insurance Company)
Incorporated in the year 1868, MetLife is currently positioned in New York and has attained a precious reputation as a leading global provider of best insurance policy, annuities and employee benefit programs with 90 million customers to cater to. With a presumed presence in dynamic countries such as United States, Japan, Latin America, Asia, Europe and the Middle East, MetLife gains a world-wide ranking of 90 amongst the top 100 Fortune 500 companies with a vast list of corporate clients. Look out for the ad with Snoopy the Dog and you will find out about the company we are talking!
2. Prudential Financial
Prudential Financial was established in 1875 and currently resides in Newark, NJ. Amongst the list of Top 10 Life Insurance Companies, Prudential Financial turns out as a well-reputed Fortune Global 500, Fortune 500 and a financial services company offering some of the key services such as life insurance, annuities, mutual funds and retirement plan amenities. With its functioning in United States, Asia, Europe and Latin America, it has attained the title as the second highest Insurer in USA. Looking out for a cheap and reliable insurance plan? Consider Prudential Financial!
3. TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund)
Originated in 1918 and positioned in New York, TIAA-CREF acts as a full-time financial services and leading retirement services provider for people employed within the genres of academic, research, medical and cultural fields. Currently serving an estimate of 4.8 million individuals over the world, it is a renowned and third-largest insurer all over the world and is said to be one amongst the Top 10 Life Insurance Companies in the World.
4. New York Life Insurance Company
Next on the list of The 10 Best Life Insurance Companies is New York Life Insurance Company, which was founded in the year 1845 and is located in the city of New York. Today, it has gained a mass following and is said to be the biggest insurance company ruling the world with its affordable insurance schemes and policies. With a fourth highest rating in terms of assets, it is awarded as one of the top three insurers.
5. Lincoln National Life Insurance Company
Incorporated in the year 1905, Lincoln National Life Insurance Company comes out as a responsible subordinate of Lincoln National Corporation and is positioned in Fort Wayne, IN. it has been titled as another Fortune 500 company and has been reputed as one of the biggest insurance and asset management businesses in the U.S.A. the genres in which it has attained specialization are Universal Life, Term Life, Variable Universal Life and Whole Life Insurance.
6. MassMutual (Massachusetts Mutual Life Insurance Company)
MassMutual, headquartered in Springfield, MA, was established in 1851 and has earned the title as another Fortune 500 life and health insurance company. The company caters to an estimate of 13 million clients worldwide and has 1800 offices located all over the globe for an easy access. The organization deals with several financial services and products such as Life Insurance, Disability Income Insurance, Retirement/401(K) Plan Services and Annuities. Thus it is amongst the top rated life insurance companies.
7. Northwestern Mutual Life Insurance Company
Known as US financial amenities mutual association, Northwestern Mutual was discovered in 1857 and now is positioned in Milwaukee, WI. The company plays a fair share by investing in delivering services within the specifications of Life Insurance, Annuities, Mutual Funds and Employee Benefit Services. It also plays the role as an industry leader in total individual life insurance surpluses paid to policy owners. It has earned its place in the list of 10 Best Life Insurance Companies with its commercial dynamics and introducing some of the easy going policies.
8. Principal Financial Group
Principal Financial Group originated in the year 1879 with its roots in Des Moines, IA, and is termed as a prominent universal financial company which caters to the financial needs and requirements of industries, individuals and institutional clients. Their offerings include Retirement Plan Services, Insurance and Investment products in 18 different countries throughout Asia, Australia, Europe, Latin America and the U.S.A.
9. Aflac Incorporated
With a “Duck” on their branding logo, Aflac Incorporated is designated in Columbus, GA and was initiated in 1955 as a Fortune 500 financial services company. The company specializes in proposing several life insurance policies and services within the geographical realms of U.S. and Japan. With a leading chain of 50 million customers globally, it offers Payroll Deduction Insurance Coverage, particularly making cash disbursements to policy holders during the serious times.
10. Pacific Life Insurance Company
Last but not the least on the list of Top Rated Life Insurance Companies is Pacific Life. Initiated in the year 1868 and rooted in Newport Beach, CA, it has attained mastery in offering financial aids and services such as life insurance products, annuities, mutual funds and other venture products. More than half the US organisations are being listed as Pacific Life’s clients.