IvoryscholarshipPacific Life provides a variety of permanent life insurance products, including top-rated universal life insurance. They also offer variable and indexed universal life insurance, but not whole life insurance. In addition, Pacific Life offers competitively cost term life insurance.
Pros
A wide number of policies are available, including term, entire, universal, indexed, and variable universal.
Various rider options to personalize your plan.
Term policies can be converted to permanent life policies without requiring a medical evaluation.
Cons
You cannot receive life insurance quotations online.
Some policies contain age restrictions based on the duration of the insurance.
Corebridge Financial
Corebridge Financial, formerly AIG Retirement Services, is a top provider of retirement solutions and insurance products in the United States. They want to help people achieve their financial goals by providing industry-leading tools, experiences, and advice.
Pros
Provides term, whole, and universal life policies.
There are no medical exams for Guaranteed Issue Whole Life or SimpliNow Legacy insurance.
Converting a term policy to a permanent one does not require a medical exam.
Cons
There are fewer riders offered compared to other insurers.
There are no online quotes.
Transamerica
Transamerica Corporation, a large financial services corporation, was bought by Aegon NV in 1999. The corporation has a long history, beginning as the parent of Bank of America and then branching out into insurance and other services.
Pros
Symetra
Symetra is a nationwide provider of annuities, life insurance, and benefits. They want to build a world that is more financially free and embraces diversity, equity, and inclusion.
Pros
Low-cost term life insurance.
SwiftTerm term life insurance can be obtained quickly and without a medical exam for persons under the age of 60 who require coverage of up to $3 million.
Cons
Permanent life insurance plans might take a long time to build cash value.
Historically, the company’s investments have done poorly.
Relatively new company (established in 1957), with a shorter track record of financial strength than older insurers.
Penn Mutual
Penn Mutual, founded in 1847, is a mutual life insurance company that focuses on supporting its policyholders. They offer a variety of life insurance and annuity products and have continuously received outstanding ratings from A.M. Best.
Pros
Provides term life, whole life, universal life, variable universal life, joint or survivorship life insurance, and various annuities.
A long history of financial strength and stability.
Cons
None were mentioned.
Financials
Assets: $19.882,483,202.
Liabilities: $17,232,670,664.
Capital and surplus: $2,649,812,538.
Assets to liabilities ratio: 115.38%.
This overview collects the information about these insurance providers, emphasizing their strengths and disadvantages to facilitate comparison.
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