Insurance is essential in this day and age. Whether you buy a new car or a house, you are advised to insure it immediately. But what about your life itself? Life insurance is especially important, so one can leave behind a substantial non-taxable amount for the family in the event of the insurer’s death. This article shares the top companies to buy insurance from and discusses their plans and coverages.

Prudential
This company comes with an expertise of decades as it was established more than 145 years ago. They offer a wide range of policies with impressive ratings of financial strength. Besides, they also offer the flexibility of adding multiple riders to a policy and one can get an instant quote online for term life insurance. The four life insurance policies they offer include Term Life insurance, Universal Life Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance. Prudential allows customers to select their schedule of payments from monthly, quarterly, bi-annual or annual installments. There are more benefits to signing up with Prudential Life Insurance. Do check out their website for more information.

New York Life
This insurance company offers four types of life insurances, where people aged 0 to 90 are eligible applicants. Offering insurance since 1845, the brand has some excellent financial ratings and customizable terms, where one can convert their term insurance to permanent insurance. New York Life provides four types of life insurances, including Term Life insurance, Whole Life insurance, Universal Life, and Variable Universal Life. The company offers several options to customize your policy or increase your level of protection. To get a quote, you need to fill out basic details on their website and expect a call back with great options.

State Farm Insurance
Founded in 1922, the company falls under the Fortune 500 list of largest companies, but it started with a humble background. For people wondering why an insurance company is named State Farm, it was founded by a retired farmer, and it never had to look back. This is one insurance company that allows you to avail a term life policy without a medical examination. They offer three types of life insurance policies that include Term Life, Whole Life, and Universal Life. Their 10-year term insurance of $250,000 coverage starts at $15.02 per month with $172.50 annual premium. One disadvantage here is that it does not provide coverage to the state of Massachusetts, New York, or Wisconsin.

TransAmerica
This insurance company provides term life with affordable premiums, strong financial strengths, and reliability. The five types of life insurances TransAmerica provides include Term Life Insurance, Index Universal Life Insurance, Final Expense Life Insurance, Whole Life Insurance, and Life Insurance for Foreign Nationals. Their Term Life insurance ranges from 10 to 30 years, which can provide coverage between $25,000 to $10 million. Insurers who don’t get medical underwriting also get coverage, but the age of the applicant will determine the amount. For instance, people aged between 18-45 get coverage of up to $2 million, and ages 46-55 get up to $1 million. Do check out their website for more benefits of signing up with TransAmerica.

Life insurance policies have a myriad of benefits other than providing financial support to the family after death. Some of them include clauses stating that it covers the final expenses, that one can get coverage for chronic and terminal illnesses, and that these policies can also supplement retirement savings.