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10 Life Insurance Companies Worth Checking Out Before Retirement

Piggy BankIt’s amazing how well we take care of our worldly possessions. When we buy a new mobile device, we take extra measures to ensure it does not get damaged. We even take out insurance for the device with our mobile carrier. We take out insurance for our vehicles, as well as our homes.

But what happens when we grow old? We take so much care of our belongings that we go to great lengths to make sure that they are insured, yet we often find ourselves too hesitant to protect our own selves financially as we near old age. Most people do not see an immediate benefit to getting life insurance. What they do not know is that getting life insurance can be a great investment for when they reach their golden years or are nearing retirement.

Getting life insurance is important because it helps protect not just yourself, but more importantly your loved ones in the event that you reach the age of retirement or pass away. Leaving your grieving loved ones under financial duress is an additional burden that they do not need. If you are considering getting insured, the top 10 life insurance companies shown here should help you get a head start on finding the right insurance company that will work for your needs.

New York Life

New York Life Insurance has been in business for more than 170 years, making it one of the strongest and most secure life insurance companies in the world. They have a wide array of coverage options, and offer term, whole life, universal life, and variable life insurance.

Banner

Banner Life Insurance is a great option for people on the far ends of the age spectrum. Banner offers comprehensive coverage options for younger individuals as well as people up to the age of 95, which is a higher age limit than what most life insurance companies go for.

Prudential

Prudential is another life insurance company that offers a diverse range of products and services. On top of their life insurance policies, Prudential also offers retirement investment packages. One edge that Prudential has over other life insurance companies is their favorable rates for tobacco chewers, a niche market commonly lumped in with cigar and cigarette smokers.

AIG

AIG’s financial strength has been rated well among industry critics, making this company a great choice for those looking to get life insurance. Senior citizens who have recently lost weight or may be suffering from diabetes may want to consider AIG as a life insurance provider as they provide better premiums for those particular variables, or other health concerns.

Mutual of Omaha

Online access to Mutual of Omaha’s life insurance policies make this company a great choice for tech-savvy individuals. Coupled with its wide range of products (including disability insurance), Mutual of Omaha is no stranger to providing their clients with fair and timely service.

State Farm

State Farm Life Insurance Company, another A+ life insurance company, is known for their product bundles. Individuals who have a retirement fund with State Farm may want to consider bundling their life insurance policies with them for a better deal.

Transamerica

Transamerica Life Insurance is also a financial powerhouse, having been in business for over 100 years. What makes Transamerica life insurance policies so good is the flexibility and customizability in terms of the diverse coverage options they offer. Pensioners will find their universal life plans to be a great option as they allow clients to pay higher or lower premium amounts as their finances change over time, ensuring that they remain covered despite certain circumstances.

MetLife

MetLife is another popular financial services provider because of how stable they are. One of the advantages of MetLife is that they do not require interested policy owners to get a medical exam. This is great for people who have health concerns that might make it harder for them to get a policy with lower premiums.

Lincoln Financial

Lincoln Financial provides a wide variety of financial services for both individual and business customers. Lincoln Financial has options that allow you to combine life and long-term care options, allowing you to utilize one policy instead of purchasing a separate one for specific needs that may arise in your life.

Haven Life

Haven Life is a great option for young individuals who are looking to get a head start on their financial security. Haven Life offers term life insurance with simple terms and affordable premiums. Their application and approval process is simple, quick and easy.

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