the Best Life Insurance Companies Sproutt in 2022

The Best Life Insurance Companies Sproutt in 2022

 

Purchasing life insurance, especially when done online, may be a difficult job. Many firms claim to be the “best company for term life insurance,” the “best no medical exam term life insurance company,” and so on.

 

The purpose of this essay is to deconstruct the differences between various insurance carriers in order to answer the question, “What is the best term life insurance company?”

Best Life Insurance Companies Sproutt

Synopsis

Sproutt Insurance – 6/7. Easiest process and fastest coverage

  • Easy and fast online process
  • Offers “no exam life insurance“
  • Best prices for healthy individuals
  • Typical riders available
  • Very flexible design
  • All underwriting options

 

American General Life (AIG) Insurance Company – 3/7. Offers the most flexibility in design

  • Low pricing
  • 83 on the Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Very flexible design
  • Only traditional underwriting
  • Must complete telephone interview

 

American National Life Insurance Company – 5/7. Most built-in riders

 

  • Middle ground pricing
  • 79 on the Comdex
  • Large amount of riders available
  • Convertible to Universal Life and Whole Life
  • Flexible design
  • Accelerated underwriting available
  • Fully online application

Assurity Life Insurance Company – 3/7. Most riders available for purchase

  • Higher pricing
  • Unrated by Comdex
  • Large amount of riders available
  • Convertible to Whole Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Fully online application

 

Banner Life Insurance Company – 5/7. Offers longer terms fully online

  • Low Pricing
  • 95 on the Comdex
  • Some Riders available
  • Convertible to Universal Life
  • Longer terms available
  • Accelerated underwriting available
  • Fully online application

Guardian Life Insurance Company – 5/7. Great conversion options

  • Higher pricing
  • 98 on the Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Flexible design
  • Accelerated underwriting available
  • Must complete telephone interview

Lincoln National Life Insurance Company – 4/7. Fully online or phone capabilities

  • Low pricing
  • 91 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Flexible design capabilities
  • Accelerated underwriting available
  • Fully online application

Mass Mutual Life Insurance Company – 6/7. Fully online with excellent convertibility

  • Higher pricing
  • 98 on the Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Flexible design capabilities
  • Accelerated underwriting available
  • Fully online application

Minnesota Life Insurance Company – 2/7. Accelerated underwriting up to $2MM

  • Average pricing
  • 96 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Must complete a telephone interview

Mutual of Omaha Life Insurance Company – 4/7. Offers simplified underwriting

  • Higher pricing
  • 90 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Flexible design capabilities
  • Accelerated underwriting available
  • Fully online application – with simplified underwriting

Nationwide Life Insurance Company – 3/7. Very accepting accelerated underwriting program

  • Higher pricing
  • 90 on the Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Must complete a telephone interview

Penn Mutual Life Insurance Company – 4/7. Up to $7.5MM with no medical exam fully online

  • Low pricing
  • 93 on the Comdex
  • Some riders available
  • Convertible to Universal Life and Whole Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Fully online application

Principal National Life Insurance Company – 4/7. Offers $3MM without an exam completely online

  • Low pricing
  • 91 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Fully online application

Protective Life Insurance Company – 4/7. Has 35 and 40-year term options

  • Low pricing
  • 92 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Longer terms available
  • Accelerated underwriting available
  • Must complete a telephone interview

Prudential Life Insurance Company – 4/7. Offers expanded underwriting tables

  • Higher pricing
  • 95 on the Comdex
  • Typical riders available
  • Convertible to Universal Life
  • Flexible design
  • Accelerated underwriting available
  • Fully online application

Sagicor Life Insurance Company – 4/7. Fully online with as fast as instant decisions

  • Low pricing
  • Unrated by Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Fully online application

Savings Bank Mutual Life Insurance of MA (SBLI) – 2/7.  No exam guaranteed

  • Middle of the road pricing
  • 76 on the Comdex
  • Typical riders available
  • Convertible to Universal Life and Whole Life
  • Regular design capabilities
  • Accelerated underwriting available
  • Must complete a telephone interview

Transamerica Life Insurance Company – 3/7. Provides more options to older ages

  • Low pricing
  • 85 on the Comdex
  • Many riders available
  • Convertible to Universal Life
  • Flexible design capabilities
  • Accelerated underwriting available for LB term
  • Must complete a telephone interview