Top 10 Best Life Insurance Companies (2024) in USA

Life Insurance Companies

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:

  1. 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
  1. 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
  1. 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
Disclaimer May 3, 4:00 PM EDT
Helpline OR Support Line 800-247-6875/ 877-596-8569 (M-F, 8 A.M.- 8 P.M. ET)
E-mail Address clientservices@sunlife.com
  1. Industrial Alliance Insurance & Financial Services :

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.

  1. 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
  1. Radnor, Pennsylvania
  2. 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
Number of locations 18,000 agents; 343 claim offices; 30 operations centers
Website www.statefarm.com
Phone 877-627-5757
Fax 888-624-4410

John Hancock Financial Life Insurance Company’s Details are given below.

Industry name John Hancock Financial  Company
CEO Marianne Harrison (2017–)
Founded 1862
Parent organizations Manulife, Manulife Holdings (Alberta) Limited
headquarters Boston, Massachusetts, United States
Subsidiaries John Hancock Retirement Plan Services, LLC
Number of employees 6,700 employees
Stock Price 26.49 CAD
Revenue $31.0M (2022)
Address 601 Congress Street Boston, MA 02210 United States
Website www.johnhancock.com
Phone 800-225-5291
Fax 1-617-663-3160

Guardian Life Insurance Company’s Details are given below.

Industry name Guardian Life Insurance Company
CEO Andrew J. McMahon (Oct 1, 2020–)
Founded 1860
Founder Andrew J. McMahon
Headquarters
  • New York, New York,
  • United States
Subsidiaries Park Avenue Securities LLC
Type of business Mutual organization
Number of employees 8,000 employees
Revenue $12,728 (2022)
Address
  • 10 Hudson Yards New York, NY 10001
  • United States
Website  www.guardianlife.com
Phone 1-888-482-7342
Fax 610-807-8266

Transamerica Life Insurance Company Details are given below.

Industry name Transamerica Life Insurance Company
CEO Will Fuller (Mar 31, 2021–)
Founded
  • October 11, 1928, San Francisco, California,
  • United States
Founder Amadeo Giannini
Headquarters Cedar Rapids, Iowa, United States
Parent organizations Aegon, AEGON International B.V.
Subsidiaries Transamerica Financial Life Insurance Company
Number of employees 25,000 (2018)
Revenue $6.1M annually
Address Dallas, TX 75201, United States
Website www.transamerica.com
Phone 1-800-527-9027
Fax 1-844-820-4334

Pacific Life Insurance Company’s Details are given below.

Industry name Pacific Life Insurance Company
CEO Darryl Button (Apr 1, 2022–)
Founded 1868, Sacramento, California, United States
Founder Leland Stanford
Parent organization Pacific LifeCorp
Headquarters Newport Beach, California, United States
Subsidiaries Pacific Life Re, Pacific Life & Annuity Company
Number of employees 4,083 (2021)
Revenue $13.9 Billion
Address 700 Newport Center Drive Newport Beach, CA 92660 United States
Website www.pacificlife.com
Phone (800) 800-7646
Fax  (888) 837-8172
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