Top 10 Best Life Insurance Companies (2024) in USA
Md M Khan
Life Insurance Companies offer various benefits and insurance for human life, and thousands of people work in these companies. These companies currently serve people in Canada as well as around the world. A life insurance company works to improve the quality of life. One party agrees with the other party, guaranteeing compensation.
An agreement between the insurance company and the insured to pay compensation and premiums. An insurance company guarantees people’s lives, debts, and property compensation, which makes people feel safe.
Thus, insurance can provide security of human life and property, create capital, be on the sidelines of old age emergencies, and provide protection of social property, including business supplies. Below are five Canadian insurance companies:
Manulife Financial Corp Insurance Company:
It is the largest insurance provider in Canada. The company is headquarter in Toronto. Manu Life works through affiliates in Europe, Canada, Asia, and the United States. It was formed in 1887 as The Manufacturers Life Insurance Company. Manu Life has licensed branches in more than Fifty cities in mainland China.
Manulife Financial Insurance Company’s Details are Given below.
Stock price
MFC (TSE) CA$26.60, 0.08 (0.30%)
Subsidiaries:
Manulife Bank of Canada, Manulife Philippines, MORE.
Headquarters:
Toronto, Canada
Assets under management:
1.084 trillion CAD (2018)
CEO:
Roy Gori (Oct 1, 2017)
Net income:
5.9 billion CAD (2020)
Founded:
June 23, 1887
Formerly:
The Manufacturers Life Insurance Company
Call Telephone:
Within Canada: 1\888\727\7766 International; 514-286-6899 Open between 8 a.m. and 8 p.m. EST Monday to Friday.
Fax:
Outside Québec: 1\866\945\5110 For Quebec only; 1\866\945\5109
Email Address:
Insurance@manulife.ca
Great-West Life Insurance Company:
It is headquarter in Canada. It is a financial services provider incorporated. Great-West Lifeco regulates a variety of insurance policies, including life, health, and disability insurance. It operates as a holding company for six subsidiaries, providing insurance in several countries worldwide, such as Asia, Europe, and North America.
Great-West Life Insurance Company Details are Given below.
Industry name
Great-West Life Insurance Company
Parent organizations
Canada Life Financial
Headquarters
Winnipeg, Canada
Subsidiaries
ClaimSecure Inc., Putnam Investments
Founder
Hugh Cossart Baker, Sr
Founded
1847, Winnipeg, Canada
Key people
Paul A. Mahon (President and CEO); R. Jeffrey Orr (Chair)
Number of employees
10,500 employees
Revenue
$380 million
Address
Corporate Secretary’s Office 100 Osborne St. N. Winnipeg, Manitoba R3C 1V3, Canada
Telephone Number
204 946-1190
Fax Number
204 946-4139
Website
www.greatwestlifeco.com
Sun Life Financial Insurance Company:
The company has clients in several countries worldwide, such as Asia, the United Kingdom, and America. Sunlife Financial Company has one hundred twenty-six thousand advisors and more than four thousand employees.
Industry Name
Sun Life Financial Insurance
Founded
1865
Founder
Matthew Hamilton Gault
President
Kevin David Strain
Headquarters
Toronto, Canada
AUM
CA$1.44 trillion (2021)
Stock Price
SLF (TSE) CA$65.53 -0.15 (-0.23%)
Number of Employees
50,000 (2021)
Subsidiaries
Aditya Birla Sun Life Asset Management; BentallGreenOak; MFS Investment Management
It is a business organization. The company offers insurance and financial services to its clients, including businesses and individuals. It trades as a financial group, was established in the United States in 1892, and entered Canada as a financial group.
Desjardins Group Insurance Company :
It is a group that provides insurance products and provides financial services. Desjardins has more than 48,000 employees and 7 million customers across Canada.
Desjardins Group Life Insurance Company Details are given below.
Industry name
Desjardins Group Life Insurance Company
Founders
Alphonse Desjardins, Dorimène Roy Desjardins
Headquarters
Levis, Canada
Number of employees
53,783 employees
Revenue
Can$20.32 billion (2021)
Subsidiaries
Desjardins Financial Security
Address
Lévis, 100 Rue des
Commanders, Canada
Website
www.desjardinslifeinsurance.com
Phone
954-454-1001
Fax
954-457-7927
Customer service
866 938-8943
Top 10 Best Life Insurance Companies USA in 2024
Company
Life Insurance Options
Market Share in 2023
1. Northwestern Mutual
Term life
Whole life
Universal life
11.5%
2. New York Life
Term life
Whole life
Universal life
Variable universal life
7.3%
3. MassMutual
Term life
Whole life
Universal life
Variable universal life
7.1%
4. Prudential
Term life Universal life Variable universal life Indexed universal life
5.1%
5. Lincoln Financial
Term life Universal life Variable universal life Indexed universal life
4.2%
6. State Farm
Term life Whole life Universal life
3.3%
7. John Hancock
Term life Universal life Variable universal life Indexed universal life
3.2%
8. Guardian
Term life Whole life Universal life Variable universal life
3%
9. Transamerica
Term life Whole life Universal life Indexed universal life
2.8%
10. Pacific Life
Term life Universal life Variable universal life Indexed universal life
2
Northwestern Mutual Life Insurance Company’s Details are given below.
Industry name
Northwestern Mutual Life Insurance Company
CEO
John E. Schlifske (Jul 1, 2010–)
Founder
John Johnston
Founded
1857
Subsidiaries
Northwestern Mutual Investment Services, LLC
Headquarters
Milwaukee, Wisconsin, United States
Revenue
$35 billion(2022)
Number of employees
6,700+ employees (2021)
Address
705 W 7th Ave, Spokane, WA 99204
United States
Website
www.northwesternmutual.com
Phone Number
(630) 368-3150
Fax
414-299-7179
New York Life Insurance Company Details are given below.
Industry name
New York Life Insurance Company
CEO
Craig DeSanto (Apr 16, 2022–)
Founded
April 12, 1845
Founder
Craig DeSanto
Headquarters
New York,
New York, United States
Subsidiaries
New York Life Investments
President
Craig DeSanto
Assets under management
593 billion USD (2020)
Number of employees
35,239 employees
Revenue
44.12 billion USD (2019)
Address
Area code 212, Area code 917, Area code 718, Area code 646
New York, United States
Website
www.newyorklife.com
Phone Number
(800) 225-5695
Fax
908-840-3046
Mass Mutual Life Insurance Company Details are given below.
Industry name
MassMutual Life Insurance Company
CEO
Roger W. Crandall (Jan 1, 2010–)
Founded
May 15, 1851, Springfield, Massachusetts
United States
Founder
George W. Rice
President
Roger W. Crandall
Headquarters
Springfield, Massachusetts
United States
Subsidiaries
Barings, C.M. Life Insurance Company
Assets under management
460 billion USD (December 31, 2021)
Revenue
10.7 billion USD (2022)
Number of employees
11,593 employees
Address
Springfield, Boston, New York, and Arizona
Phone
888-894-5354
Fax
866-329-4527
Website
www.massmutual.com
Prudential Financial Life Insurance Company’s Details are given below.
Industry name
Prudential Financial Life Insurance Company
CEO
Charles F. Lowrey (Dec 1, 2018–)
Founded
1875, Newark, New Jersey
United States
Founder
John F. Dryden
EDT – Disclaimer
May 5, 4:00 PM
Stock price
PRU (NYSE) $82.05 +2.93 (+3.70%)
Headquarters
Newark, New Jersey
United States
AUM
US$1.350 trillion (03/2022)
Parent
Prudential Group
Number of employees
40,916 employees (2021)
Subsidiaries
PGIM, PRUCO LLC, Assurance IQ,
Revenue
70.93 billion USD (2021)
Address
751 Broad Street Newark, NJ 07102-3777
The USA.
Website
www.prudential.com
Phone
0345 268 0488
Fax
(877) 889-4885
Lincoln Financial Life Insurance Company Details are given below.
Industry name
Lincoln Financial Life Insurance Company
CEO
Ellen Cooper (May 27, 2022–)
Founded
1905
Founder
Ellen Cooper
EDT – Disclaimer
May 5, 4:00 PM
Stock price
LNC (NYSE) $20.46 +1.11 (+5.74%)
Headquarters
Radnor, Pennsylvania
United States
Subsidiaries
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Securities Corporation
Lincoln Financial Foundation.
Number of employees
9,000 employees
Revenue
20.46 USD
Address
150 N Radnor Chester Rd, Radnor,
PA 19087, USA
Website
www.lincolnfinancial.com/
Phone
+1 484-583-6000
Fax
(888) 735-7636
State Farm Life Insurance Company Details are given below.
Industry name
State Farm Insurance Company
SEO
Michael L. Tipsord
Founded
June 7, 1922, Bloomington, Illinois,
United States
Founder
George J. Mecherle
Divisions
Insurance; mutual funds; State Farm Bank
Headquarters
Bloomington, Illinois,
United States
Number of employees
57,672 employees (2019)
Subsidiaries
State Farm Life Insurance Company, GAINSCO
Revenue
79.4 billion USD (2019)
Address
6951 Martin Luther King Jr Way S Ste 224, Seattle, WA 98118, United States
