Term Life Insurance Companies

Let’s take a look … Apples to Apples

See how the top insurance providers stack up against each other when we take a look at more than just price. (And yeah, that too.)

Employer Plan

Avg. Cost: $0*

AM Best Rating: N/A

Term Life Options: Varies

Religious Affiliation: Varies

Organization Type: Varies

Online Application: No

Instant Quote: No

Commission-Based Sales: No

MetLife®

Avg. Cost: $15.44

AM Best Rating: A+

Religious Affiliation: None

Organization Type: Stock

Online Application: Yes

Instant Quote: Yes

Commission-Based Sales: Yes

Term Life Options: 10, 20, 30

brightpeak financial®

Avg. Cost: $16.99

AM Best Rating: A++

Religious Affiliation: Christian

Organization Type: Not-for-profit

Online Application: Yes

Instant Quote: Yes

Commission-Based Sales: No

Term Life Options: 10, 20, 30

New York Life®

Avg. Cost: $17.00

AM Best Rating: A++

Religious Affiliation: None

Organization Type: Mutual

Online Application: No

Instant Quote: Yes

Commission-Based Sales: Yes

Term Life Options: 10, 15, 20

State Farm®

Avg. Cost: $17.83

AM Best Rating: A++

Religious Affiliation: None

Organization Type: Mutual

Online Application: No

Instant Quote: Yes

Commission-Based Sales: Yes

Term Life Options: 10, 20, 30

MassMutual®

Avg. Cost: $19.79

AM Best Rating: A++

Religious Affiliation: None

Organization Type: Mutual

Online Application: No

Instant Quote: No

Commission-Based Sales: Yes

Term Life Options: 10, 15, 20

Prudential®

Avg. Cost: $19.80

AM Best Rating: A+

Religious Affiliation: None

Organization Type: Stock

Online Application: No

Instant Quote: Yes

Commission-Based Sales: Yes

Term Life Options: 10, 15, 20, 30

Avg. Cost: Based on a 30-year old female, preferred status, 20-year term for $250k coverage. (Sources: HavenLife, Zander Insurance, State Farm®)

*Many people get a certain amount of “free” life insurance from work, with the option to buy more. Oftentimes, this amount isn’t enough to protect a growing family. We recommend supplementing gaps in coverage with term life insurance.

AM Best Rating: A.M. Best is an independent rating agency. Best’s Financial Strength Ratings (FSR) represent the company’s assessment of an insurer’s ability to meet its obligations to policyholders. The secure ratings range from B+ (Good) to A++ (Superior).

Organization Type: Stock companies are for profit, brightpeak financial is not-for-profit.

Commission-based Sales: Most insurance companies use agents to sell insurance. While brightpeak also has financial professionals to help you, they’re not paid on commission. Finally, you’re not “just another sale.”

Term Life Options: Companies offer a variety of 10, 15, 20 and 30-year terms to qualified purchasers.

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