Best Life Insurance Companies of 2020
January 20, 2020 by Sarah Shelton and Cherise Threewitt
Life insurance is essential if you have anyone in your life who depends on your income. Unfortunately, many people don’t have the right type of coverage or the right amount. About half of all U.S. households have less life insurance than they should, according to the Life Insurance Marketing and Research Association. A separate study by employee benefits provider Unum finds that about a third of all households will be financially strained within the first month of losing a breadwinner.
The good news is that life insurance doesn’t cost as much as you might think it does. Some people even estimate that life insurance costs up to five times as much as it actually does, reports the Insurance Information Institute (III).
We make the process of shopping for life insurance as easy as possible by doing the research for you and rating the top life insurance companies. To create our rating, we evaluated dozens of companies, scoring each on elements such as financial strength, customer service and cost. Read on to see which companies made our Best Life Insurance Companies of 2020.
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