For some, the best term life insurance policy is more flexible than for others. There are a number of factors to consider when shopping for life insurance, some of which may be more important to you than others. These factors include the sum insured, the length of the policy’s term, any age restrictions, and the availability of a permanent coverage option. We’ve featured 11 of the best-known life insurance providers in the United States, each with their own unique term life policy, so you can easily compare your options and find the best coverage for you and your family.
This is why you can rely on Comlifull: To help you make educated decisions about your finances and choose the products that are right for you, we have strict editorial standards that our authors and editors must meet. Our payment terms and the companies we work with are detailed below.

Top-rated Term Life Insurance Companies
The companies we list below are reliable providers of term life insurance. They had a lower rate of complaints to state authorities than one would expect for a company of their size, and they received high marks for customer satisfaction. They are also considered to be financially stable. Since you won’t be around to advocate for your beneficiaries when your life insurance payout arrives, they will have to put their trust in your insurer to make sure they are treated fairly.
Insurance company | Comlifull rating | Term lengths available |
---|---|---|
Haven Life | 5, 10, 15, 20, 25 or 30 years. | |
Guardian Life | 10, 15, 20 or 30 years. | |
AARP | No traditional term lengths — all policies expire at age 80. | |
Fabric | 10, 15, 20, 25 or 30 years. | |
MassMutual | 1, 10, 15, 20, 25 or 30 years. | |
New York Life | 1, 10 or 20 years. | |
Pacific Life | 10, 15, 20, 25 or 30 years. | |
State Farm | 10, 20 or 30 years. | |
Lincoln Financial | 10, 15, 20 or 30 years. | |
Northwestern Mutual | 1, 10 or 20 years. | |
USAA | 10 to 30 years. |
Methods we used to rank life insurance companies
Comlifull uses customer reviews, the complaint index scores published by the National Association of Insurance Commissioners, and weighted averages of financial strength ratings to determine an insurance provider’s overall quality in the market for individual life insurance. Under the heading of “customer experience,” we consider factors such as “website accessibility and transparency,” which looks at how much information about policies can be found online. The ratings for each insurance company were calculated by transforming the results to a skewed 5-point scale.
We recommend that you compare multiple insurance quotes to find the most affordable policy that still meets your needs. Comlifull is not compensated for any reviews.
The Top Term Life Insurance Policies for 2023
Learn more about each company and the policies it offers by reading the brief summaries and in-depth Comlifull reviews.
- Best for same-day coverage is Haven Life
- Best for candidates with HIV is Guardian Life.
- Best for coverage without a medical exam is AARP
- Fabric: Ideal for internet use
- MassMutual: Best for parents on a tight budget
- Best for large coverage amounts is New York Life.
- Best for converting flexibility is Pacific Life.
- Best for customer satisfaction is State Farm
- Best for applications made over the phone: Lincoln Financial
- Northwestern Mutual: Best in terms of customer satisfaction
- USAA: The best for service members
Haven Life: Best for same-day coverage
Haven Term Life: The application for Haven’s term life can be submitted online and accepted in a matter of minutes. Because of the insurer’s use of accelerated underwriting, you can be eligible for coverage without having to undergo a medical examination. Candidates 64 years of age and younger can apply for policies with coverage levels as high as $3 million. Policies can be purchased for terms of 10, 15, 20, 25, or 30 years.
Haven Simple: Haven also provides simplified issue term life insurance, which eliminates the need for a life insurance medical examination. To apply, you must be between the ages of 20 and 55. Five, ten, fifteen, and twenty year durations are offered for coverage. The range of policy amounts is $25,000 to $500,000.
Guardian Life: Best for candidates with HIV
Level of Guardian Term: Applications between the ages of 18 and 75 are granted policies, with coverage levels beginning at $100,000. The terms of 10-, 15-, 20-, and 30-year policies are offered.
Guardian provides special insurance for HIV-positive individuals. Between the ages of 20 and 60, you must apply. You must also meet specific eligibility requirements, such as being actively receiving antiretroviral medication.
AARP: The best insurance provider without a physical / Medical Exam
Level Advantage Term Life: No medical examination is ever necessary with AARP plans; only health-related questions are asked. AARP members between the ages of 50 and 74 are eligible for the term life insurance coverage. Although larger coverage levels can be obtained by contacting New York Life, the company that issues AARP’s term life products, coverage amounts vary from $10,000 to $100,000.
The term life insurance plan offered by AARP is distinctive in that there are no other term options. All policies have an 80-year lifespan and the option to switch to a permanent life insurance plan before or beyond that age.
Fabric: Ideal for internet use
Term Life: The $100,000 to $5 million in coverage amounts for term life insurance offered by Fabric. The online application is finished in 10 minutes. If you decide to purchase coverage for more than $1.5 million, a physical examination is necessary. Ten to thirty years are the range for policy terms.
Finding out more about Fabric’s term life goods is simple thanks to its user-friendly website.
Pacific Life: Best for converting flexibility
PL Guaranteed Term: Policies are offered with a minimum $50,000 coverage amount and term durations of 10, 15, 20, 25, and 30 years. For an additional fee, you can choose to add life insurance riders like an accelerated death benefit, a waiver of premium, or a child term rider.
Pacific Elite Term: The Pacific Elite Term insurance can be converted to a permanent policy within the first 10 years, making it a more conversion-friendly product. Additionally, your new insurance includes a cash credit that can be used to partially offset the cost of the first year’s premiums for your new permanent coverage.
Customer satisfaction is highest with State Farm.
When deciding on a life insurance policy, term is the way to The minimum amount of coverage is $100,000, and applicants must be between the ages of 18 and 75 to be considered. For an additional premium, you can include a “kid rider,” “term rider,” or “waiver of premium rider.” Ten-, twenty-, and thirty-year terms are available.
Similarly to traditional term life insurance, Return of Premium Life insurance covers you for a set number of years before the policy expires and you have to start paying the premiums again. If, however, you outlive the contract’s duration, your payments will be refunded to you. Coverage terms of 20 and 30 years are available, with applicants needing to be between the ages of 18 and 60. However, it is important to remember that return-of-premium life insurance typically costs more than standard term policies.
If you apply for life insurance in person with a State Farm agent, you may be able to purchase coverage the very same day. The maximum amount of coverage is only $50,000, and the policy only lasts for 10 years or until you turn 50, whichever comes first.
State Farm ranked highest in customer satisfaction among 21 companies in J.D. Power’s 2021 U.S. Individual Life Insurance Study [1].
Find the best term life insurance company by following these steps.
You are putting your family’s financial security in the hands of a business when you buy life insurance. Therefore, it is essential to select a reputable firm. Here are some ways to evaluate companies and pick the one that’s best for you.
Verify the insurance company’s financial strength.
Your ideal company will be around in a few decades, and it should be financially stable enough to meet all of its commitments. Insurers’ financial strength ratings can be one indicator of their propensity to meet the requirement. You can learn how financially stable each potential term life insurance company is by consulting a rating service like AM Best.
Comlifull typically suggests considering insurers with A- or better ratings. However, according to AM Best’s website, businesses that score a B+ or higher have a “good” capability to deliver on their promises. Businesses with a lower score aren’t as reliable, and they often receive more complaints per unit of revenue than their competitors.
All of the major life insurance providers have excellent financial strength ratings.
Determine the reputation of the insurance company’s customer service.
You want a company with great customer service from the moment you start shopping until the moment you need to file a claim. To see if other customers have had positive experiences with an insurer, look up their complaint history in the database maintained by the National Association of Insurance Commissioners. The number of complaints filed against the insurer with state regulators, weighted by the insurer’s market share, serves as the basis for the rating (based on premiums written). Since the average score is 1, a higher number indicates that the company received more complaints than would be expected given its size.
After narrowing down your options, compare life insurance quotes from each remaining firm. You can get the best deal on a suitable term life insurance policy by doing so.
Approach to insurance company worries
Between 2018 and 2020, Comlifull analyzed the complaints received by state insurance regulators and reported their findings to the National Association of Insurance Commissioners. In order to compare insurers, the NAIC calculates an annual complaint index for each subsidiary by dividing the total number of complaints by the size of the subsidiary, expressed as a percentage of the industry’s total premiums. Each insurer’s complaint history was evaluated using a standard index calculated by Comlifull over a three-year period and weighted according to the market share of each subsidiary. The ratios for various types of insurance, such as car, home (including renters’ and condo), and life, are determined independently.