Top-Rated Whole Life Insurance in 2022

Whole life insurance is a must for every individual, especially if you’re the bread earner of your family. Since the COVID-19 pandemic, many people have realized its importance and often get confused as to which one to choose. In this article, I’ll discuss the best whole life insurance by comparing features, pricing, pros & cons, and more. By the end of this piece, you will be confident enough to choose the right insurance for you!

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1. State Farm

State Farm is a leading insurance provider in the USA. It offers flexible payment plans and a wide range of insurance plans to choose from. The prices are customized to offer you the best plan available. Full Review

  • Wide coverage
  • Easy to sign up
  • Wide age range
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State Farm is a leading insurance provider in the USA. It offers flexible payment plans and a wide range of insurance plans to choose from. The prices are customized to offer you the best plan available. Full Review

Coverage

4/5

Age range

5/5

State availability

5/5

Ease of signup

5/5

2. Allstate

Allstate offers several insurance plans to choose from. The prices are customized and you can also choose various riders in your policy. It has a wide age range of 0-80 years and is available in every state. Full Review

  • Wide coverage
  • 0-80 age range
  • Available in all states
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Allstate offers several insurance plans to choose from. The prices are customized and you can also choose various riders in your policy. It has a wide age range of 0-80 years and is available in every state. Full Review

Coverage

5/5

Age range

5/5

State availability

5/5

Ease of signup

4/5

3. USAA

USAA provides several types of insurances like term life, whole, and health insurance. It offers several plans to choose from while providing flexible payment options. USAA is a renowned name when it comes to insurance. Full Review

  • Wide coverage
  • Several riders to choose from
  • Available in all states
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USAA provides several types of insurances like term life, whole, and health insurance. It offers several plans to choose from while providing flexible payment options. USAA is a renowned name when it comes to insurance. Full Review

Coverage

5/5

Age range

5/5

State availability

5/5

Ease of signup

4/5

4. MetLife

MetLife is a leading insurance provider not only in the USA but across the world. It does not conduct a medical exam and offers group insurance. You can also choose from a variety of riders offered. Full Review

  • Offers several premiums to choose from
  • Does not conduct a medical exam C
  • Offers several riders
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MetLife is a leading insurance provider not only in the USA but across the world. It does not conduct a medical exam and offers group insurance. You can also choose from a variety of riders offered. Full Review

Coverage

5/5

Age range

4/5

State availability

5/5

Ease of signup

4/5

5. Health IQ

Health IQ’s main ideology is to reward people who have a healthy lifestyle. It offers affordable plans with greater benefits and has many riders to choose from. The company also offers flexible payment plans. Full Review

  • Good rates for healthy people
  • Personalized plans
  • Many riders to choose from
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Health IQ’s main ideology is to reward people who have a healthy lifestyle. It offers affordable plans with greater benefits and has many riders to choose from. The company also offers flexible payment plans. Full Review

Coverage

5/5

Age range

4/5

State availability

5/5

Ease of signup

3/5

6. Haven Life

Haven Life offers term life insurance without a detailed medical exam. The application process is simple and entirely online. It has an excellent rating of 4.7 stars with many customers being satisfied with the service. Full Review

  • Easy application
  • No medical exam
  • Affordable
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Haven Life offers term life insurance without a detailed medical exam. The application process is simple and entirely online. It has an excellent rating of 4.7 stars with many customers being satisfied with the service. Full Review

Coverage

5/5

Age range

4/5

State availability

4/5

Ease of signup

4/5

7. New York Life

New York Life offers several life insurance policies to their customers, along with other financial services like wealth management that can help settle debts. The company also gives dividends and provides various riders to choose from. Full Review

  • Gives dividends
  • Provides several add-ons in policies
  • Helps in building financial strength
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New York Life offers several life insurance policies to their customers, along with other financial services like wealth management that can help settle debts. The company also gives dividends and provides various riders to choose from. Full Review

Coverage

5/5

Age range

5/5

State availability

5/5

Ease of signup

4/5

8. AIG Direct

AIG Direct offers their customers several plans and riders to choose from. The company has a good rating on many review websites and is known to offer affordable plans with high coverage. It also pays dividends to its customers. Full Review

  • Affordable
  • Offers many plans
  • Good customer care
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AIG Direct offers their customers several plans and riders to choose from. The company has a good rating on many review websites and is known to offer affordable plans with high coverage. It also pays dividends to its customers. Full Review

Coverage

5/5

Age range

4/5

State availability

5/5

Ease of signup

5/5

9. Nationwide

Nationwide is a leading insurance provider in the USA. It also covers other financial services like baking, investment, and retirement. Available in all states, it also provides wide coverage for you and your loved ones. Full Review

  • Available in all states
  • Flexible payment options
  • Offers other financial services too
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Nationwide is a leading insurance provider in the USA. It also covers other financial services like baking, investment, and retirement. Available in all states, it also provides wide coverage for you and your loved ones. Full Review

Coverage

4/5

Age range

5/5

State availability

5/5

Ease of signup

4/5

10. MassMutual

MassMutual provides high coverage options at affordable rates. The company is operational throughout the entire country and offers dividends as well. It has good customer ratings on all major reviewing platforms and is a popular choice for insurance companies. Full Review

  • Affordable plans
  • Available in all states
  • Good customer rating
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MassMutual provides high coverage options at affordable rates. The company is operational throughout the entire country and offers dividends as well. It has good customer ratings on all major reviewing platforms and is a popular choice for insurance companies. Full Review

Coverage

5/5

Age range

4/5

State availability

5/5

Ease of signup

4/5

Our Methodology 

Here are a few points that we considered while choosing the featured insurance companies. 

  • Offers and limitations: The offers available as well as limitations of the insurance company.
  • Ease of signup: How easy the signup process is.
  • Customer Reviews: Reviews from customers who have opted for the policy.

Detailed Reviews

State Farm
State Farm
State Farm

Best for People Who Want Flexible Payment Options

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  • Customized plans
  • Easy to sign up
  • Wide age range
  • Wide coverage
  • Poor customer reviews
  • Does not award claims easily
  • Poor customer service

State Farm is one of the leading providers of life insurance in the USA. It is suitable for people who want flexible payment options. I was greatly impressed that the company provides many plans and price options to choose from.

Features

Here are a few features of State Farm.

  • Age range: Provides insurance up to age 95.
  • Coverage capacity: Coverage starts at $10,000.
  • States: Life insurance is not available in Massachusetts.
  • Benefit: Covers mortgage and educational costs.
  • Dividends: Policy may pay dividends, but it is not guaranteed.

Ease of signup 

The process to sign up for insurance is very easy. You can talk to an agent and find out the right WL insurance plan for you. The company requires you to fill out a health questionnaire beforehand.

Pricing

The prices vary as per plan.

  • Whole Life: Payments remain the same throughout your life.
  • Limited Pay Whole Life: Only allows payments for 10, 15, 20, and so on.
  • Single-Premium Whole Life: You only make a one-time payment.
  • Final Expense: Receive $10,000 coverage for burial expenses.

Customer satisfaction 

Most of the customers complained about the insurance company not accepting their insurance claims. However, there are also many positive reviews regarding customer service.

Competition overview 

State Farm WL insurance provides wide coverage and different payment options.

Other companies are known to provide insurance claims easily.

Allstate
Allstate
Allstate

Best for Those Who Want a Variety of Options to Choose From

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  • Available in all states
  • Wide coverage
  • Multiple riders to choose from
  • 0-80 age range
  • Poor customer care
  • Takes time to get the claim
  • Poor customer reviews

Allstate provides a variety of insurance for its customers. The company helps you choose the right plan for you based on your needs, budget, and health conditions. It is suitable for people who want several options to choose from.

Features

Here are a few features of Allstate insurance company.

  • Types of insurance: Offers automobile, home, business, roadside, motorcycle, and life insurance.
  • Age range: Available for applicants from birth to 80 years.
  • Coverage capacity: Average minimum coverage is $150,000; the maximum is $1 million.
  • States: Available in all states.
  • Benefit: Offers guaranteed cash value.
  • Dividends: Gives the potential to earn dividends.

Ease of signup 

The average initial cost of a plan starts at $144/month, but you have to undergo a medical exam for your personalized price. An agent will help you choose the right plan for your needs from that point.

Pricing 

While prices vary from person to person, the company allows these three types of riders in all plans.

  • Accelerated Care Rider: This will help you get the entire face amount of the policy if you’re diagnosed with a chronic illness and require help for basic activities.
  • Chronic Illness Rider: Can get up to 80% of your claim or $1 million if you’ve added this rider to your plan. You can only opt-in if you become chronically ill.
  • Terminal Illness Rider: Can get up to 80% of your claim or $250,000 if you’re diagnosed with a terminal illness and have added this rider.

Customer satisfaction 

Many customers appreciated the different policies offered by Allstate but a few were not satisfied with the customer service. They had to wait months before getting their claim.

Competition overview 

Allstate offers customized plans and a variety of riders to choose from.

Other insurance companies offer better customer care.

USAA
USAA
USAA

Best for People Who Want Other Financial Services Along With Insurance

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  • Available in all states
  • Wide coverage
  • Affordable
  • Several riders to choose from
  • Poor customer service
  • Poor customer reviews
  • No guaranteed dividends

When I first started my research on USAA, I was impressed that the company provides banking, investment, and retirement services along with insurance plans. It also includes a 2-year suicide clause which many companies don’t cover, as they remain ambiguous about suicide coverage.

Features

Below are a few features of USAA.

  • Types of insurance: Provides several insurances like automobile, homeowners, and property.
  • Age range: 15 days to 85 years old.
  • Coverage capacity: $50,000 to 1 million.
  • States: Available in all states.
  • Benefit: USAA builds tax-deferred cash value.
  • Dividends: Not guaranteed.

Ease of signup 

USAA requires customers to undergo a medical exam as well as fill out a health questionnaire, which helps in the customization of your policy. You can get in touch with a USAA agent to signup and get a quote.

Pricing 

USAA offers the following riders in their plans:

  • Child rider
  • Life event option
  • Military severe injury benefit
  • Military future insurability rider
  • Waiver of premium

The prices are customized and vary from one person to another.

Customer satisfaction 

After reading several reviews of USAA, I realized that most customers were unhappy about their customer service.

However, customers who’ve been with USAA for years appreciate their policies, prices, and easy claim process.

Competition overview 

USAA provides easy insurance claims and offers many riders in their plans.

Other companies provide better customer care, though.

MetLife
MetLife
MetLife

Best for People Looking for Affordable Plans

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  • Offers several riders
  • Group policies can be converted to individual
  • Offers several premiums to choose from
  • Does not conduct a medical exam
  • Poor customer care
  • Limited coverage options
  • Complicated website

MetLife has the second-largest market share in the USA in terms of insurance. Not only that, but it also offers its services to 40 countries worldwide! Their plans are inclusive and affordable, making them suitable for all people.

Features 

Here are a few features of MetLife.

  • Types of insurance: Home, auto, pet, legal, and life.
  • Age range: 18 to 99 years.
  • Coverage capacity: $10,000 to $2 million.
  • States: Available in all states.
  • Benefit: Offers flexible payment options.
  • Dividends: Offer dividend of 4.70%.

Ease of signup 

MetLife does not ask for a medical exam since it provides group life insurance. You can visit their website and schedule a chat with them to opt for the best plan for your needs.

Pricing 

The exact price is only revealed once you’re finalizing the insurance contract. If you opt for group insurance, the price depends upon the number of people. Similarly, if you opt for insurance at a younger age, the monthly price is smaller when compared to opting for insurance at or after the age of 70.

Customer satisfaction 

MetLife has a higher rating than other insurance companies. The main reason customers appreciated MetLife is because the company does not ask for a medical exam.

That being said, a few customers were unhappy about the customer service.

Competition overview 

MetLife does not conduct a medical exam and is suitable for people from all income backgrounds.

Other companies provide better customer service.

Health IQ
Health IQ
Health IQ

Best for People With or Seeking a Healthy Lifestyle

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  • Offers medicare supplement
  • Personalized plans
  • Many riders to choose from
  • Good rates for healthy people
  • No uniform pricing
  • Lengthy application process
  • Issue ages not mentioned

Health IQ is quite different from all the other insurance providers that we’ve talked about so far. I was impressed by their website; Upon research, I found that Health IQ is a middle party that connects insurance seekers to insurance providers. 

Features

Here are a few unique features of Health IQ.

  • Types of insurance: Offers car and health insurance.
  • Age range: Not revealed.
  • Coverage capacity: Maximum coverage is $50,000,000.
  • States: All states.
  • Benefit: Offers special rates to people with a healthy lifestyle.
  • Dividends: No history of dividends.

Ease of signup

Since the company focuses on providing affordable plans to healthy people, they conduct a long and detailed medical exam and make you fill out a health questionnaire. The process is lengthy, but you can cut down your health expenses significantly thereafter.

Pricing 

You can contact Health IQ’s agent to get an exact price quote. As mentioned, it depends upon your health and fitness. If you’re a physically active individual, you’ll pay a much lower price and have more benefits.

The company also offers three riders: a child rider that provides child protection, waiver-of-premium rider, and disability income benefit rider.

Customer satisfaction 

Health IQ has an excellent rating of 4.6 stars on Trustpilot. The company also replies to reviews, making it evident that its customer service is quite active. Customers appreciated the lower costs and personalized insurance plans.

A few were dissatisfied with the price offered to them, however.

Competition overview 

Health IQ offers personalized and affordable plans to its customers.

Other companies have more uniform pricing plans.

Haven Life
Haven Life
Haven Life

Best for People Who Desire Annuities Along With Insurance

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  • No medical exam
  • East application
  • Affordable
  • No commission charged
  • An insurer can only choose amongst two riders offered
  • Only term life insurance
  • Only two plans to choose from

Haven Life does not offer whole life insurance but offers term life insurance. It is suitable for people who look at insurances as a form of investment as it also has an option for annuities.

Features 

Here are a few features of Haven Life.

  • Types of insurance: Only offers term life and AD&D insurance.
  • Age range: 18 to 64 years.
  • Coverage capacity: $25,000 to $500,000.
  • States: Haven Simple plan is not available in California, Delaware, South Dakota, North Dakota, and New York.
  • Benefit: Offers a simple online application.
  • Dividends: Does not pay dividends.

Ease of signup

Haven Life offers a simple online application and does not conduct a medical exam for their Haven Simple plan. You also do not have to talk to a traditional agent but can access the policy completely online.

Pricing 

Just like every insurance, the prices are customized based on your age, health conditions, and more. It offers two plans, Heaven Term and Haven Simple. Haven only offers two riders: the accelerated death benefit rider and Haven Plus Life.

Customer satisfaction 

Haven Life has a wonderful rating of 4.7 stars on Trustpilot and more than 85% of the customers were happy about the services. They appreciated the easy online application and approval.

There were a few complaints regarding the health exam.

Competition overview 

The policyholder gets to choose from the two plans and does not have to give a health exam for the Haven Simple plan.

Other companies offer several plans and riders to choose from.

New York Life
New York Life
New York Life

Best for Those Who Want Other Financial Services Along With Insurance

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  • Affordable
  • East application
  • No commission charged
  • No medical exam
  • Only term life insurance
  • Only two plans to choose from
  • An insurer can only choose amongst two riders offered

New York Life insurance provides you with a financial advisor to help you maximize the return of your health investments. I was impressed that it not only focuses on health but also offers other financial services like mutual funds and wealth management.

Features 

Here are a few features of New York Life.

  • Types of insurance: Provides whole, indexed universal, and term life insurance.
  • Age range: Birth to 90 years.
  • Coverage capacity: Maximum is $1 million.
  • States: All states.
  • Benefit: Provides you with a financial advisor to manage your investments.
  • Dividends: Gives dividends.

Ease of signup 

You have to undergo a medical exam to get the insurance; Once you qualify, the process is quite simple. An agent will help you choose the right plan and you can choose from several insurance add-ons later.

Pricing

While exact prices are not revealed, here are a few riders offered by New York Life:
– Accidental death rider: Your loved ones get coverage if you die accidentally.
– Chronic care: They also receive a benefit if you become chronically ill.
– Living benefits: Use a portion of insurance to pay for your medical bills if you become terminally ill.
– Disability waiver: New York Life will cover your premiums if you become disabled. 

– Living needs: Get a part of your insurance if you become mentally ill.

Customer satisfaction 

New York Life has good customer reviews on all major platforms like Trustpilot and Consumer Affairs. Many appreciated the agents who were friendly and ready to guide people to choose the best option.

Competition overview 

New York Life provides other financial services along with insurance.
Other companies tend to be more open about their pricing.

AIG Direct
AIG Direct
AIG Direct

Best for People Who Need Affordable Plans

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  • Offers many plans
  • Affordable
  • Pays dividends
  • Good customer care
  • Available after 18 years of age
  • Exact prices not revealed
  • Known to not give claims easily

AIG Direct is yet another leading insurance provider in the USA. I was impressed by their friendly-looking website which has all the types of insurance mentioned.

Features

Here are a few features of AIG Direct.

  • Types of insurance: Whole life, term life, and universal life insurance.
  • Age range: 18 to 80.
  • Coverage capacity: $5000 to $2 million.
  • States: All states.
  • Benefit: AIG Direct offers high coverage.
  • Dividends: Pays dividends.

Ease of signup 

AIG Direct conducts a medical exam before giving out the insurance binder to their customers. However, only a few plans require this; You can contact their licensed agent to choose the right plan for you.

Pricing 

The monthly price goes as low as $14, however, the exact amount is only revealed once you talk to an agent. Riders include a death benefit rider, child rider, terminal illness, and waiver of premium rider.

Customer satisfaction 

AIG Direct has a good rating of 3.3 stars on Trustpilot. Customers were happy about the customer care and how well they handled various problems.

However, a few customers complained that the company does not give away the insurance money easily.

Competition overview

AIG Direct offers many plans to choose from along with providing good customer care.

Other companies tend to provide insurance money easily.

Nationwide
Nationwide
Nationwide

Best for Those Looking for Other Financial Services and Insurances Together

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  • Offers other financial services too
  • Up to 95 years
  • Flexible payment options
  • Available in all states
  • Poor customer care
  • Low ratings
  • Does not offer dividends

Nationwide is a popular insurance provider. It not only covers insurance services but also offers investment & retirement, banking & borrowing, and event planning services! The wide range of offers available made the company stand out for me.

Features 

Here are a few features of Nationwide insurance.

  • Types of insurance: Homeowners, auto, pet, life, dental, accidental medical, and more.
  • Age range: Up to 95 years.
  • Coverage capacity: Minimum coverage is $10,000.
  • States: All 50 states.
  • Benefit: Offers flexible options for 10, 20, 30, and so on years.
  • Dividends: Does not give dividends.

Ease of signup 

Nationwide conducts a medical exam to make sure the insured person gets the right price for their plan. You can visit their website and talk to an agent to choose the right option for you.

Pricing 

There is only one WL insurance plan offered by Nationwide, and the exact prices are only known once you talk to an agent. However, Nationwide does offer a spouse and children as riders and beneficiaries in their plans.

Customer satisfaction 

Nationwide has fewer complaints when compared to other companies of its size. People were happy that the company provided health reliability and also customized plans.

A few were unhappy about the customer care.

Competition overview

Nationwide has a wide age range and offers more than one type of insurance.

In spite of this, it has a low rating on online review platforms.

MassMutual
MassMutual
MassMutual

Best for Those Who Want Dividends

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  • Available in all states
  • Affordable plans
  • Good customer rating
  • Offers dividends
  • No guaranteed issue
  • Medical exam required for every plan
  • Does not cover final expense

When I started my research on MassMutual, I was impressed that the company connects you to a professional financial advisor rather than an agent. This helps customers trust the company more.

Features 

Here are a few features of MassMutual.

  • Types of insurance: Life, whole, term, universal, and variable.
  • Age range: 18-64.
  • Coverage capacity: $50,000-$3 million.
  • States: All 50.
  • Benefit: Offers a free life insurance program for families with lower incomes.
  • Dividends: 6% dividend rate.

Ease of signup 

MassMutual conducts a medical exam before allowing you to accept a policy. You can visit the website and talk to an agent to get the right quote for you.

Pricing 

You can get the exact price only after you contact MassMutual’s team. They consider things like age, lifestyle habits, gender, and location. Generally, people with a healthy background are charged less.

Customer satisfaction

MassMutual has above-average ratings on all major reviewing platforms like Trustpilot. Customers are happy about their services and the cost of the plans.

However, a few do not appreciate that the company doesn’t provide a final expense plan that covers costs like burial costs.

Competition overview 

MassMutual provides high coverage plans at an affordable rate, making it suitable for people of all income backgrounds.

However, other companies do not conduct medical exams for their policies.

Best Whole Life Insurance – Buyer’s Guide 

Here is a guide to choose suitable whole life insurance for you and your loved ones.

How to Choose the Right Whole Life Insurance Company 

Here are a few points you should consider when choosing the right insurance company.

  • Age range

Some companies begin offering plans as soon as a baby is born, while others wait until they’re 18. There is also an upper limit, as most companies stop offering plans once you reach 70. You must consider your age before choosing the company.

  • Coverage minimums and maximums

You should take a look at the coverage minimums and maximums of the insurance company. This will help you find the average coverage offered by the company.

  • Premiums

Premiums are the amount you pay each month for your insurance. The premiums should not overload your monthly budget and should be well within your spending range.

  • Benefits

Many insurance companies provide several additional benefits apart from insurance. This can be financial services like investing, wealth management, or banking. Many also provide a combined life and auto insurance. It is advised that you take a look at the benefits while choosing an insurance company.

  • Riders

Riders refer to extra add-ons that you can opt for while choosing an insurance policy. The most common riders include waiver of premium, child term, and accidental death. Some also offer supplemental life insurance as an add-on to your policy.

  • Dividends

Dividends refer to the annual payments made by the insurance company to the policyholder. Companies are not obliged to make these payments, but it certainly increases the number of customers of the company. If you wish to receive dividends, look for companies that have a history of offering uniform dividends.

  • Ease of signup

We understand that you may not want to wait a long time trying to get an insurance policy; some companies tend to spend months and have a lengthy signup process. Thus, you must choose a company that offers an easy signup process so you can save time and effort.

Term vs Whole Life Insurance: What’s the Difference?

With so many life insurance options to choose from, people often get confused. You might be wondering if you should opt for whole life insurance or term life insurance, for instance.

Here are a few differences to help you differentiate between the two and help you choose the right insurance plan for you.

Term Life Insurance

Let’s take a look at term life insurance first; It is the easiest type of insurance to understand. It provides family members with the death benefit if you pass away. It can opt for every ten years. It is usually cheaper than other types of insurance and requires a medical exam to determine the exact rates.

A major drawback of term life insurance is that if you pass away after the insurance has expired, your family will not get anything. Moreover, the amount you paid all those years will not result in any form of return if the policy expires.

Whole Life Insurance

Whole life insurance, on the other hand, never expires! As long as you keep making payments, your insurance will remain active. It does not have a set time period, which is why it’s called whole life insurance. It also offers many riders which allow you to get an insurance benefit if you are diagnosed with a terminal illness or become disabled. 

A major drawback is that WL insurance is more costly when compared to term life. In addition, if you fail to make monthly payments, your policy could expire and you may have to pay fees.

The Most Common Reasons for Getting a Whole Life Insurance Policy 

There are too many reasons to list them here, but here are some of the most popular:

  • Pay estate taxes at death

As you might already know, the majority of life insurance proceeds are not taxable. If you inherit an estate, for example, you are not obliged to pay tax on it.

  • Coverage for final expenses

Final expenses like a burial can get expensive. Many WL insurances cover these expenses so you don’t have to spend money on last rituals and ceremonies.

  • Fund a trust for the next generation

Another reason why people choose WL insurance is to establish a trust fund for the next generation. There is a guarantee that the amount you invest throughout the years will be given to your children or grandchildren. It will keep you at peace knowing that even when you’re gone, the insurance will provide children protection.

  • Dividends

While most insurances offer payments after you’ve passed away, whole life insurances also tend to give dividends. This serves as a form of investment and you can access this part of your investment while you’re alive.

Whole Life Insurance Companies at a Glance 

Whole life insurance company Age range Coverage minimum Coverage maximum Our rating (1-5) Best for
State Farm Up to 95 years $10,000 Depends on policy 4 People who want flexible payment options
Allstate Up to 80 years $150,000 $1 million 5 Those who want a variety of options to choose from
USAA 15 days to 85 years $50,000 $1 million 5 People who want other financial services along with insurance
MetLife 18 to 99 years $10,000 $2 million 4 People looking for affordable plans
Health IQ Not revealed $10 million 5 People with or seeking a healthy lifestyle
Haven Life 18 to 64 years $25,000 $500,000 5 People who desire annuities along with insurance
New York Life Birth to 90 years $1 million 5 Those who want other financial services along with insurance
AIG Direct 18 to 80 years $5000 $2 million 5 People who need affordable plans
Nationwide Up to 95 years $10,000 4 Those looking for other financial services and insurances together
MassMutual 18 to 64 years $50,000 $3 million 5 Those who want dividends

Wrap Up 

Whole life insurance is important if you want to financially secure your loved ones when you pass away. They come in a variety of plans and prices so you can choose the one suitable for your needs. To choose the right insurance company, you should consider things like age, pricing, insurance policies, coverage, and the riders available

FAQ

Should I get whole life insurance?

It depends. If you want to protect loved ones financially when you’re gone, then yes, you should definitely get one. It provides you with the security of knowing that your family would get the coverage amount.

Is whole life insurance a bad investment?

No! It is not a bad investment if you want to provide financial security to your family if something happens to you.

What is a good whole life insurance?

The best whole life insurance is the one that is within your budget, offers you the riders you need, and considers your age.