Best life insurance on Reddit
193 reviews from r/LifeInsurance, r/PersonalFinanceCanada, r/VeteransBenefits and 18 more subreddits
193 reviews from
and
By Brand
/By Product
#1
Insurance
4.7
(15)
"A term life insurance policy is a great choice for newly married couples, providing security and peace of mind."
"Whole life insurance is a great investment for children, locking in low rates and providing lifelong coverage."
"Life insurance can be an instrument to benefit you in both tax savings and retirement funding."
"Consider a permanent policy for living benefits and financial security."
"Term Life Insurance is a straightforward and cost-effective option for coverage."
"I would highly recommend talking to an agent in your area on the phone or in person."
"An IUL is better than a term policy as it lasts a lifetime and provides both life insurance and mortgage protection."
"This insurance plan offers a great return on investment, providing peace of mind and financial security."
"A banking type policy can help with retirement tax-free supplements and living benefits."
"Getting a $1M 30-year term with living benefits is a strong start for young and healthy individuals."
#2
Life Insurance
4.3
(16)
"A $500k policy with a 20 or 30-year term should give you both plenty of coverage."
"A 20 or 30-year term policy sounds like a smart choice, especially since you're planning to start a family."
"The goal is not to get a death benefit, but tap into the growth of the cash that will enable you to access the cash tax free via policy loans."
"Take it. Term insurance is cheap anyways if you can afford."
"You can purchase life insurance at 85 yrs of age, which is a great option for those looking for coverage."
"Term life, at least 20 years but honestly the price difference between that and a 30 or 40 year term is probably in the range of $10 a month."
"Term life makes sense. It’s insurance that covers the child’s and family’s financial needs."
"You should only buy term. The partner who gave birth might need to wait."
"Unless you have north of $13.61 million in assets, and would have to worry about Estate taxes if you die, you just get Term."
"For a new life insurance policy, compare quotes from several reputable companies."
#3
N/A
3.5
(19)
"Whatever you do, don't let someone try to sell you life insurance as an investment."
"Find a good broker....they can educate you and help do the shopping/comparisons."
"Go through an agent. They'll find you the best deal."
"I'm an independent broker and have contracts with more than 30 A+ carriers."
"Term obviously is the cheapest but go talk to a insurance professional."
"You want the cheapest go thru and independent broker."
"Make sure you specify a UTMA custodian as well."
"Anything is more than nothing! You can always replace the coverage later."
"You shouldn’t think about permanent insurance until you have at least 10x your salary in term insurance."
"Life insurance can be a smart part of your overall strategy."
#4
Term Life Insurance
4.1
(16)
"What you need is so simple: term life insurance."
"I would generally recommend staying away from permanent life products and stick with term."
"Regular term life insurance is better and more cost effective than any sort of mortgage insurance product."
"You'll want to buy 'term life insurance'. that's the only thing to buy."
"Get a term with conversion options BUT more importantly, apply for a policy that has generous accelerated death benefit options."
"If she had purchased term life insurance and invested that money, you would have $60k if invested in S&P 500 index or $40k if invested in bonds."
"Term life insurance which would provide you with coverage that will not increase for the length of the term."
"Check out term life insurance and disability insurance."
"Term life insurance is a good, affordable option for beginners, offering high coverage at a low cost."
"You can compare the different term life policies here."
#5
State Farm
4.0
(10)
"Statefarm is a reputable company and their main focus is life even tho it seems otherwise."
"I found State Farm’s life insurance easy to work with and straightforward in what they offer."
"State Farm is great but there are many options out there."
"I have State Farm life insurance policies... I would recommend the same for anyone with families."
"We ended up going with State Farm."
"I’ve been with State Farm for over 10 years, and I can say their customer service and policies are reliable."
"If you're looking to switch life insurance, term life is usually more affordable than whole life and might be a good option if you need coverage for a specific period."
"State Farm. $1.5m coverage includes GA flying."
"I would recommend verifying that there is not a taxable gain on the policy."
"Most employers offer life insurance. If yours does not, or you hate the rates, I suggest at least shopping around."
#6
Whole Life Insurance
3.6
(9)
"Get a 10 pay or 20 pay whole life for as much coverage as you can afford."
"Consider whole life policies (traditional cover until age 100, not ILP/VUL)."
"These plans are whole life, immediate coverage (Day 1 - no waiting period)."
"I'd either go for a custom Whole Life or a VUL (variable universal life)."
"A whole life insurance would probably be the best if you can afford it."
"I’m a fan of whole life policies just because you have it forever."
"I would recommend looking into whole life."
"If you get a whole life (or IUL) and pay into it for 30 years, it will fund its own premium and provide coverage for life."
"Whole life is NOT an investment. It is a grossly overpriced insurance product only."
#7
Term Insurance
4.0
(6)
"Get 10x your annual salary on a 20 years term."
"30 year term with benefit 10x your income."
"My first step of advice is to at least start with a term insurance plan of 20 years minimum."
"Term insurance for sure. The most you can get without breaking the bank."
"Term unless you have serious medical issues. With a child rider."
"Buy as much term insurance as you can comfortably afford."
#8
Insurance Company
4.0
(6)
"Term Life Insurance is affordable at age 28, with options for $1M to $2M coverage."
"Not a bad price for whole life insurance compared to term policies."
"The advice to buy term and invest the difference is solid, especially since dividends can cover costs."
"Switched to a term life insurance policy for better coverage and lower premiums."
"I have a $1 million 10-year term life insurance that I pay $700 per year. This depends on how healthy you are."
"If you don't have any dependents, then I would just get a small term insurance policy to cover funeral costs."
#9
Guardian
5.0
(4)
"Guardian is a top-rated company offering strong whole life policies."
"They weren't as cheap as some others but the cover and reported speed of payout was what won us over."
"In March we received the life insurance part."
"The critical illness part was paid in January."
#10
MassMutual
4.8
(4)
"MassMutual is also a top-rated company with low-cost term options."
"Affordable life insurance options with a $1 million policy for $43 a month."
"MassMutual is great for veterans."
"Inexpensive and lots of options, making it a great choice for temporary coverage."
#11
AIA
4.5
(4)
"AIA is a good choice for Term Life Insurance with higher benefits for the same premiums."
"I hear a lot of good things about AIA for those in their 50s."
"Search for AIA Critical Protect 100, it has coverage for critical illness until age 100."
"The AIA Critical Protect 100 plan covers a range of 100 minor and major critical illnesses."
#12
Prudential
4.7
(3)
"Prudential was great when my husband passed. They were compassionate and professional when I filed the death claim."
"I purchased a retirement income annuity from Prudential, based on my positive experience with the firm."
"Prudential is preferred rates."
#13
Haven Life
4.0
(3)
"A 20 or 30-year term with $500k is a good start. If you're planning for a house and family, maybe go for $600k or $700k. Companies like Haven Life or Ladder are worth checking out."
"For a $5 million policy, try Haven Life or Policygenius. Make sure to check rates based on your health condition."
"Term life for you and your husband is best. Don’t need it for kids. Try Haven Life or Ladder."
#14
Pacific Life
4.0
(3)
"Pacific Life offers competitive rates and guidelines for family history."
"Pacific Life is a strong company that has been fair with underwriting."
"Good conversion options available."
#16
Manulife
5.0
(2)
"I am glad I have this insurance as it provides significant coverage for life, critical illness, and disability."
"Manulife Family Term offers comprehensive coverage with individual options on one policy."
#17
SelectQuote
4.5
(2)
"Stick with term life insurance only for both parents... Go to SelectQuote.com for quotes."
"You can get quotes from several top insurance companies all at once from SelectQuote.com."
#18
Zander
4.5
(2)
"Went through Zander. $800k for $93 a month."
"I literally just went through the process with Zander (broker) and it was surprisingly easy cheap and informative."
#19
Thrivent
4.0
(2)
"We have ours through thrivent and had a great experience w them!"
"Thrivent has excellent financial ratings and options."
#20
Lincoln
4.0
(2)
"Lincoln offers a variety of life insurance products."
"USAA is great for veterans and offers competitive rates."
#21
Gerber
2.7
(3)
"Gerber is far from the cheapest option for Final Expense."
"Look at Gerber and Globe life insurance for online quotes to get an idea of cost."
"If their policies are through Gerber, they may have a 2 yr wait."
#22
Fidelity
4.0
(2)
"Talked to fidelity and they told me 67 bucks a month for 450k (20 years)."
"They told me 67 bucks a month for 450k (20 years)."
#23
Banner
4.0
(2)
"Banner (Legal and General) is one of the cheapest, best carriers for pure term life."
"Banner is known for offering good rate classes."
#24
Protective
4.0
(2)
"Protective provides solid options for life insurance."
"Custom Choice UL term is a good option."
#25
Aviva
3.0
(2)
"I got a policy for Death & TPD $1M + ECI & CI $100K for which I was paid just over 1K a year."
"The life insurance was £35 a month, which is significantly higher than other insurers offering £10-£15."
#26
Nanshan
5.0
(1)
"Definitely. I have mine through Nanshan"
#27
TransGlobe Life Insurance
5.0
(1)
"Yes, for example TransGlobe Life Insurance in Hsinchu"
#29
Polish Falcons of America
5.0
(1)
"Cheapest non med final expense is Polish Falcons of America."
#30
AARP
5.0
(1)
"Final expense whole life policy that includes casket vault and headstone... This type of policy never terminates, builds cash value, and pays out in 24 hours if you choose a good company."
#31
Canada Life
5.0
(1)
"Participating whole life insurance offers unique benefits like guaranteed dividends and policy loans that keep your capital growing."
#32
Amazon
5.0
(1)
"You can get free Amazon Prime just for walking."
#33
Zurich
5.0
(1)
"The case worker and Zurich in general were great. Paid out fairly quickly to pay off my mortgage plus a lump sum."
#34
Indexed Universal Life
5.0
(1)
"Offers a solid investment with tax-free retirement benefits and coverage for long-term care."
#35
Nationwide
5.0
(1)
"I got a 20 year, $500k for $30 a month just as I retired. I can give you the information to the guy who helped me."
#36
IEEE
5.0
(1)
"Affordable insurance coverage with no medical requirements and no restrictions."
#37
FEG
5.0
(1)
"I prefer the Index universal life from FEG, they work with F&G."
#38
Apple
5.0
(1)
"John Hancock offers a rewards program for healthy living, including a free Apple Watch."
#39
AAA
5.0
(1)
"I got a 750k 30 year policy through AAA for $63 a month."
#40
Brighthouse Financial
5.0
(1)
"I used Policy Genius a few years ago to get a $500k 30-year term life policy from Brighthouse Financial."
#41
Pilot Insurance Center
5.0
(1)
"Competitive rates and great to work with."
#42
American Income/Globe Life
5.0
(1)
"Free quotes available."
#43
AAFMAA
5.0
(1)
"AAFMAA is one of the few that doesn’t charge a premium for aviation related activities."
#44
Broker Services
5.0
(1)
"Based on my experience I really recommend going through a broker, the rates they wound up getting for us were so much more competitive than anything I found on my own."
#45
Transamerica
4.0
(1)
"Transamerica had good term rates for people over 70."
#46
Corebridge
4.0
(1)
"Corebridge just recently switched to an instant decision which is nice."
#47
VA
4.0
(1)
"VA life insurance under 80 is a guaranteed acceptance for whole life up to 40k policy"
#48
Lincoln Financial
4.0
(1)
"Two carriers I use for prior family history is Lincoln Financial and Prudential."
#49
IUL
4.0
(1)
"Term is a good option. And IUL would likely be the first place I would look."
#50
Income
4.0
(1)
"Income (the company) should have lower premiums as compared to aia."
#51
Cathay
4.0
(1)
"Cathay will provide coverage at the same cost/rates as Taiwanese."
#52
MTL
4.0
(1)
"They have been there for long time and its coverage is til age of 75."
#53
Aviva, Legal and General
4.0
(1)
"Avvia and Legal and General are good, solid, well managed and heavily regulated companies."
#54
Banner Life, Prudential, Haven Life
4.0
(1)
"Compare quotes from providers like Banner Life, Prudential, or Haven Life."
#55
Optifino
4.0
(1)
"A friend of mine recently got a policy done with a company called Optifino, supposedly they compare across all carriers."
#56
MetLife
4.0
(1)
"If you are an AOPA member they offer group coverage through MetLife with no aviation exclusions."
#57
VUL
4.0
(1)
"Life insurance is likely to be valuable for families with 3-4 kids."
#58
Principal
4.0
(1)
"Principal has a good reputation in the insurance market."
#59
USAA
4.0
(1)
"I pay around $25 a month for 350k coverage, which got me to 500k."
#60
New York Life
4.0
(1)
"Lasts your entire life and builds cash value, providing long-term benefits."
#61
Penn Mutual
4.0
(1)
"Buy term insurance for maximum life coverage at the lowest price."
#62
International Life Insurance
4.0
(1)
"Check into international life insurance companies."
#63
Columbus Life
4.0
(1)
"Decent conversion options."
#64
Avemco
4.0
(1)
"The policy is cheaper than anything else and offers multiple discounts based on hours."
#65
Guardian Life
4.0
(1)
"Offers a variety of permanent life insurance options."
#66
North American
4.0
(1)
"Known for good living benefits."
#67
Mass Mutual
4.0
(1)
"Offers guaranteed products."
#68
John Hancock
4.0
(1)
"A strong player in the permanent insurance market."
#69
lifequotes.com
4.0
(1)
"They find the best quotes for you."
#70
WL
4.0
(1)
"WL is not a scam; it has a place for the right kind of situations."
#71
YRT UL
4.0
(1)
"YRT UL has a purpose, but may not be suitable for everyone."
#72
NYLife
4.0
(1)
"After a year, there are no exclusions on anything."
#73
Mutual of Omaha
4.0
(1)
"They offer up to $50k for insurance, which is a good option for kids."
#74
Principal Life
4.0
(1)
"Offers chronic and critical illness living benefits."
#75
Colonial Penn
3.0
(1)
"I’ve personally never worked with Colonial Penn, but you might want to also look at Mutual of Omaha."
#76
Wawanesa
2.0
(1)
"The quote from Wawanesa is significantly lower than what I was quoted."
#77
RBC
2.0
(1)
"RBC's quote is also higher than the market average."
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