Insurancete News
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
