By Sa El Published:

Our Top 3 Life Insurance Company Picks

Our #1 Pick


bestow logo

Bestow is backed by A+ rated North American, and is our #1 Pick. Their competitive rates and fast approval process earned it the 1st spot. 

Our #2 Pick


haven life logo large

Haven Life is backed by A+ rated Mass Mutual, and is our #2 recommendation. Large coverage amounts and an online application earned it the 2nd spot.

Our #3 Pick


fabric life new logo

Fabric is backed by A+ Rated Vantis Life, and is our #3 recommendation. Very Low Rates, free wills, and a fast approval process earned it the 3rd spot. 

Picking the best life insurance company can be complicated, and it's hard to know where to start when you have hundreds of companies and policies to choose from. 

What if I told you we have taken all of the guessing work out and narrowed it down by comparing the top 10 of the best life insurance companies that pay out in the United States with 3 bonus companies.

In this post we will compare and review these top life insurance companies, explain why they are the best options in 2019 and go over some sample life insurance rates.

Let's get started!

best life insurance companies

Find Out Who Made Our List of The Top 10 Best Life Insurance Companies.

Plus More Details On Each Company, Why You Need Life Insurance, What Does It Cover, And How To Apply For Coverage.

1. Bestow

5.0

bestow logo

Bestow is our #1 recommended life insurance company based on approval speed and price.   

They are the only product on the market that offers a true no exam experience from the application process all the way through to the approval.

If you need affordable life insurance without a medical exam, there is no faster option in the life insurance space today.

bestow life

Features & Benefits

Why buy coverage from Bestow? Here are just a few reasons they're our favorite...

  • Up To $1,000,000 In No Medical Exam Coverage
  • Get An Instant Approval In 5 Minutes
  • No Exam, No Blood Tests & No Waiting Period
  • Secure And Simple Online Application
  • No Pushy Sales Calls
  • 30 Day Money Back Guarantee

Bestow has also designed a brand new underwriting framework and built one of the best processes for purchasing life insurance online.

Your application will be underwritten in real time, so, the questions will change and update as you answer one question to the next.  

This means that by the end of the application your underwriting is done and your decision is issued instantly.

No other company has an underwriting platform that is designed to function the way Bestow has set theirs up.  

Their policies are issued by North American Company for Life and Health Insurance which is rated A+(Superior) by A.M. Best.

Bestow Reviews 5/5

Bestow has received over 100 reviews from verified policy holders, averaging 4.9 out of 5 stars.

In fact, they have an A rating from the Better Business Bureau (BBB), and even though they don't have any reviews on the BBB yet, they have absolutely no complaints filed against them.  

bestow bbb reviews

Sample Quotes & Rates

Bestow has some of the lowest rates when it comes to no medical exam term life insurance, check out our sample rates below:

  • Bestow Rates For Women
  • Bestow Rates For Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Female with a preferred health rating

Age

$250,000

$500,000


20 Years Old


$11.00


$18.00


25 Years Old


$11.00


$18.00


30 Years Old


$13.00


$20.00


35 Years Old


$15.00


$24.00


40 Years Old


$20.00


$34.00


44 Years Old


$26.00


$47.00

Keep in mind that the rates are going to be different for everyone based on your exact age but the above rates are pretty close.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip: If you are a tobacco user your rates are going to be a bit higher and the above sample rates don't apply to you.  It is best to click through to see your rates.

Click here to see our guide to buying life insurance, full of tips, strategies and more!

Bonus: It is recommended that you purchase at the least 10x(times) your annual income in life insurance coverage.  However, I always like to recommend 15x to 20x(Times) if you can afford it. 

Feel free to check out our life insurance calculator to make sure you know how much coverage you should have.

*Rates From $7.75/month (30-Day Free Look Period)

*Rates based on a female in her 20's for a 20 Year, $50,000 term policy in excellent health.


2. Haven Life

4.7

haven life logo large

Coming in at a close second to Bestow is Haven Life, another one of the best places to buy no exam life insurance online.

Just like Bestow, Haven Life allows you to purchase life insurance online very fast and you also have the ability for an immediate decision.

Even though they offer a 30 year term, there is a possibility, based on your health, that you might have to take an exam.

haven life

Features & Benefits

Some reasons why Haven made the cut:

  • Up To $3,000,000 In No Medical Exam Coverage*
  • Get An Immediate Decision In 10 Minutes
  • Secure And Simple Online Application
  • No Pushy Sales Calls
  • 10 Day Money Back Guarantee

*Depending on your health you might have to take an exam to be covered.

Haven is also one of the first companies that offers the ability to apply for term life insurance up to $3,000,000 with an easy, online process and without the need to consult an agent.

Through its partnership with MassMutual, they have created a process called InstantTerm, which allows coverage to begin immediately for some qualified applications (up to age 45).

And just like Bestow, their system can underwrite you while you are completing the application for an Immediate Decision. Their policies are issued by MassMutual which is rated A+(Superior) by A.M. Best.

Haven Reviews 4.7/5

Haven life has received over 552 5-Star reviews on Trustpilot, so the overall experience that people are having with them is pretty good.

However, even though they have an A+ rating with the BBB they currently have a 1-star customer review and 2 customer complaints over the last 3 years about the speed of their approval process.

haven life bbb reviews

Sample Quotes & Rates

Haven life also has very affordable rates when it comes to term life insurance with no medical exam.

  • HAVEN Rates For Women
  • Haven Rates For Men

*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

AGE

$250,000

$500,000


25 Years Old


$11.42


$16.83


30 Years Old


$11.63


$17.25


35 Years Old


$12.25


$18.50


40 Years Old


$16.00


$25.58


45 Years Old


$22.46


$38.92


50 Years Old


$32.67


$58.08

Again, keep in mind that the rates are going to be different for everyone based on your exact age and health but the above rates are pretty close to your real rate.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip: Once you click through any of these insurance companies you can get quotes without giving any personal information.

*Rates From $7.33/month (10-Day Free Look Period)

*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


3. Fabric

4.7

fabric life new logo

Fabric has been putting a twist on life policies since it started and along with offering a no exam option for up to $1,000,000 in coverage, they also offer free Personal Wills and all sorts of neat tools to manage your policy.

If you need more than $1,000,000, however, you will have to take an exam.

fabric home page

Features & Benefits

Fabric made the top 3 due to their fast application process, low cost, and the fact that they offer free personal Wills and special tools for policy management:

  • Up to $1,000,000 in no-exam coverage (for those who qualify).
  • Get A Quick Approval In 5 Minutes
  • Free Personal Wills
  • No Pushy Sales Calls
  • Secure & Simple Online Application
  • 10 Day Free Look Period
  • Easy System For Sharing Your Policy With Your Beneficiary

Like Haven & Bestow, Fabric accesses data, such as your motor vehicle and prescription drug records, and uses predictive analytics to decide whether you qualify and to determine your final cost.

Fabric really wants to add additional focus around the entire idea of life insurance, from purchasing it, to managing it, and to having a personal Will.

They also pioneered a software that allows you to share your policy information with a beneficiary super easy.

Their policies are issued by Vantis Life which is rated A+(Superior) by A.M. Best.

Fabric Reviews 4.7/5

Fabric has received over 1,216 4 & 5 - Star reviews on Trustpilot out of a total of 1,257 ratings, so over 97% of customers that purchased coverage, or obtained a free Will through them have had a great experience.

They have were recently Accredited, and have an A+ rating with the BBB along with 0 reviews and 0 complaints so far. 

fabric bbb reviews

Fabric No Blood Test Life Insurance Rates

Fabric life is going to have some very affordable prices out of the five carriers we have reviewed and comes with additional benefits like their free Wills.

Below are the sample rates:

  • Fabric Prices For Women
  • fabric Prices For Men

*Based on a 20 Year Term Policy - Non-tobacco Female with a preferred health rating

Age

$250,000

$500,000


21


$14.37


$19.80


25


$14.37


$19.80


30


$14.66


$20.43


35


$14.96


$21.05


40


$21.35


$31.70


45


$27.74


$42.35

Pros Of Fabric No Medical Exam Life Insurance

The largest pro for Fabric is going to be that they want you to be part of an entire 360 life insurance process. 

They offer free Wills and a document vault software that allows you to keep your documents safe.

So you can get your life insurance, secure it and put a Will in place all at one time.

*Rates From $9.36/month (10-Day Free Look Period)

*Based on an 21 year old female 10 Year Term, $100,000 term in excellent health.


4. SBLI

4.5

sbli

Coming in at a close fourth to Fabric is SBLI, another one of the best places to buy term life insurance online.

SBLI is the first insurance company to change how they issue life insurance policies and have a strong focus on the everyday person begin covered.

They have some of the best rates for any type of medical situation as well as a no exam option available. 

sbli homepage

Features & Benefits

Some reasons why SBLI made the cut: 

  • Best Rates For Tobacco Users
  • Tons Of Optional Riders Available
  • Secure And Simple Online Application
  • 25 & 30 Year Term Options
  • 30 Day Money Back Guarantee
  • Exam & No-Exam Options

SBLI is short for The Savings Bank Life Insurance Company Of Massachusetts and they are over 120 years old which shows us they aren't going anywhere. 

They are the first company that focused primarily on the everyday person getting life insurance coverage.

If you are between the ages of 18 and 60 and need $500,000 in life insurance or less you qualify for the Accelerated Underwriting that won't require an exam.

They are rated A (Excellent) by A.M. Best.

SBLI Reviews 4.5/5

SBLI has received over 449 5-Star reviews on Trustpilot, so the overall experience that people are having with them is pretty good.

They have an A+ rating with the BBB and have only 3 reviews posted to the BBB giving them a 2-star customer review.

sbli bbb

Want to learn more? Read our full SBLI review here.

Sample Quotes & Rates

SBLI also has very affordable rates when it comes to fully underwritten term life insurance and life insurance for tobacco users.

  • SBLI Rates For Women
  • SBLI Rates For Men

*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

AGE

$250,000

$500,000


25 Years Old


$10.24


$15.32


30 Years Old


$10.52


$16.05


35 Years Old


$12.25


$16.88


40 Years Old


$14.32


$23.62


45 Years Old


$21.40


$37.46


50 Years Old


$32.25


$59.41

Again, keep in mind that the rates are going to be different for everyone based on your exact age and health but the above rates are pretty close to your real rate.

As you can see, you can get a ton of coverage for a cheap rate, to get the best rate you should look at different term lengths and coverage option combinations.

*Rates From $7.53/month (30-Day Free Look Period)

*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


5. AIG & AIG Direct

4.0

aig direct life insurance

AIG makes it in at 5th place for being another one of the best places to buy life insurance. 

What makes AIG stand out is the ability to have non-­standard term lengths. For example, you can choose a term of 18 or 19 years instead of the usual 20 year term.

You can also customize your policy with a wide range of riders.

aig homepage

Features & Benefits

Some reasons why AIG made the cut:

  • Non-Standard Term Lengths - (21 or 22 Year Terms)
  • Above Average Approval Speed
  • Secure And Simple Online Application
  • Policy Delivered via Email
  • Good Rates For Diabetics
  • 30 Day Money Back Guarantee

American International Group or AIG Life was founded in December of 1919 which makes it 100 years old.

They are one of the largest life insurance companies in the world and are operating in more than over 80 countries,

AIG Life Insurance Company has a rating of A (Excellent) from A.M. Best.

AIG Reviews 4.0/5

AIG has an A+ rating with the BBB and also a 1-star review based on 1 customer review.

AIG In general has dealt with a bail out in the past; however, they have paid back all the money borrowed as well as all of the interest.

The AIG life insurance division doesn't currently have any complaints but entire AIG company does have a different BBB Profile with different complaints.

aig bbb

Want to learn more? Read our full AIG review here.

Sample Quotes & Rates

AIG also has very affordable rates when it comes to fully underwritten term life insurance.

  • SBLI Rates For Women
  • SBLI Rates For Men

*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

AGE

$250,000

$500,000


25 Years Old


$10.24


$15.32


30 Years Old


$10.52


$16.05


35 Years Old


$12.25


$16.88


40 Years Old


$14.32


$23.62


45 Years Old


$21.40


$37.46


50 Years Old


$32.25


$59.41

Remember that rates are going to be different for everyone based on your exact age and health but the above rates are pretty close to your real rate.

You can get a large amount of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

*Rates From $14.00/month (30-Day Free Look Period)

*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


6. Protective Life

4.2

protective life logo

Coming in at a strong sixth place to AIG is Protective Life, Protective is another great place you can purchase life insurance from.

They offer a wide verity of insurance products and additional insurance riders.

Even through their underwriting process is longer than average, they still have some of the most lenient underwriters in the industry for pre-existing conditions.

protective homepage

Features & Benefits

Some reasons why Protective made the cut: 

  • Up To $10,000,000 In Coverage
  • Best Rates For Pre-Existing Conditions
  • Secure And Simple Online Application
  • Policy Delivered via Email
  • 30 Day Money Back Guarantee

Protective Life was founded in 1907 which makes it 112 years old, and hey believe in doing what's right, always, and living with integrity and honesty.

They underwrite their own policies as well as for their subsidy properties and have a financial strength rating of A+(Superior) by A.M. Best.

Protective is offering up to $10 Million in life insurance coverage with a short online application, as well as multiple permanent life insurance products. 

Protective Reviews 4.2/5

Protective is not a BBB Accredited business; however, as you can see they have answered over 51 complaints in the last 3 years and 18 in the last 12 months.

Even though they have an A+ rating with the BBB they currently have a 2-star review based on 12 customer reviews. 

protective bbb

Sample Quotes & Rates

Protective life also has very affordable rates for people with pre-existing conditions and for people who are fine with taking an exam.

  • protective Rates For Women
  • protective Rates For Men

*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

AGE

$250,000

$500,000


25 Years Old


$11.45


$17.00


30 Years Old


$11.66


$17.43


35 Years Old


$12.25


$18.28


40 Years Old


$15.66


$25.22


45 Years Old


$22.30


$38.14


50 Years Old


$30.70


$55.56

Again, keep in mind that the rates are going to be different for everyone based on your exact age and health but the above rates are pretty close to your real rate.

As you can see, you can get a ton of coverage for a small rate, to get the best rate you should look at different term lengths and coverage option combinations.

*Rates From $11.00/month (30-Day Free Look Period)

*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


7. Pacific Life

4.1

pacific life logo

Taking up our 7th space is Pacific Life, another one of the best places to buy no exam life insurance online.

Pacific Life has the best rates for people without any health issues and have an above average approval speed and some of the most affordable rates in the industry overall.

pacific life homepage

Features & Benefits

Some reasons why Pacific Life made the cut: 

  • Most Affordable Rates For Under 45 Years Old
  • Great Smoker Rates
  • Secure And Short Online Application
  • No Pushy Sales Calls
  • 30 Day Money Back Guarantee

Pacific Life was founded in 1885 which makes it over 150 years old, and they are also the 4th largest U.S. life insurance company in sales.

Pacific Life has an A+(Superior) by A.M. Best.

Pacific Life Reviews 4.1/5

Pacific Life has an A- rating with the BBB and they currently have a 1-star review from 4 customers.

They aren't an Accredited BBB business and have had 4 complaints over the last 3 years.

Pacific life seems to have a strong level of customer service and fast response times.

pacific life bbb

Sample Quotes & Rates

Pacific life also has very affordable rates for people who are younger and can also give reasonable rates to people with pre-existing conditions.

  • protective Rates For Women
  • protective Rates For Men

*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

AGE

$250,000

$500,000


25 Years Old


$11.45


$17.00


30 Years Old


$11.66


$17.43


35 Years Old


$12.25


$18.28


40 Years Old


$15.66


$25.22


45 Years Old


$22.30


$38.14


50 Years Old


$30.70


$55.56