There are several reasons why individuals may choose to purchase a term life insurance policy. Here are some of the top reasons:

• Income Replacement: One of the primary reasons people buy term life insurance is to provide income replacement for their dependents in the event of their death. If the insured person is the primary breadwinner or contributes significantly to the household income, a term life insurance policy can ensure that their loved ones are financially supported and can maintai...

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A.M. Best is the most experienced rating agency for insurance companies, having been in business since 1906.

Its Financial Strength Rating is recognized worldwide as the benchmark for assessing and comparing the financial stability of insurance companies.

The Top Ratings for Life Insurance:

1. A++ and A+ (Superior) — Assigned to companies that have, in A.M. Best’s opinion, a superior ability to meet their ongoing financial obligations to their life insurance policyholders.
   
2. A and A- (Excellent) �...

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If you're a senior looking for quality, affordable life insurance you may be wondering which life insurer is the best for older people.

There really is no one single life insurance carrier that's best for all senior citizens.

It really depends on you - your age, health, lifestyle, and the type of life insurance you need, as well as, the amount of insurance coverage you need.

Some insurance carriers are better at providing affordable plans  for people with certain health conditions like diabetes ...

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Life insurance carrier ratings are an indication of an insurer's financial stability and the insurer's ability to meet their financial obligations which may include being able to pay the claims people make on their insurance policies with the insurance company.

There are several independent rating agencies that review the financials of insurance companies and issue financial ratings attesting to the financial strength of an insurance carrier.

Some of the leading independent rating services incl...
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Actually, there are hundreds of life insurance companies in America that offer term life insurance.

Since each insurer has their own set of guideline soft underwriting, acceptance and pricing, each insurer may be more or loess competitive when it comes to prices for certain classes of risk - such as, seniors, non-smokers, diabetics, young adults, or married couples.

In addition, there are several ways to compare insurers, including by price, total assets, total number of individual life insuran...
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When should I stop paying for my term life insurance policy? 

You stop paying for your term life coverage when you decide that you no longer need the life insurance protection and wish to stop it. 

You can either choose to provide written notice of cancelation to your life insurance company, which would help you to get any unused premiums refunded. Or, you can just let your life insurance policy lapse by discontinuing the premium payments.

You may want to stop paying for you...

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There are many different ways to rank life insurance companies and different criteria to use.

In the insurance  industry, life insurance companies are often rated by total “admitted assets.”  That means how much money the life insurance companies have. 

Another way to rank life insurance carriers would be the number of individual life insurance policies "In Force". 

There are other ways to rank insurance carriers.  However, whether a life insurance company is the biggest, ...

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Here is a list of the highest rated life insurance companies for financial strength:

New York Life

Northwestern Mutual 

TIAA-CREF 

USAA

They all have the highest financial ratings an insurance company can achieve from the credit rating agencies.

You can visit AM Best Company, Moody's or Standard & Poor's to check on the financial strength ratings of insurance companies.

Here is a list of the Top 10 Life Insurance Companies and their financial strength ratings from AM Best ...

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Life insurance companies are rated by a number of different independent rating agencies.  

Therefore, which life insurance companies are top rated will depend on which rating system you choose to use when comparing financial strength of life insurance carriers.

Here are the leading financial rating institutions for insurance companies:

A.M. Best Company
Weiss
Moody's
Fitch
Standard & Poor's

It may make sense to use multiple rating systems to measure the insurance companies you are i...

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There are a few basic types of term life insurance policies.

The most popular type is level term life insurance. Then there's decreasing term life which isn't sold by many insurers anymore.

And, there's return of premium term life insurance which returns almost all of the premiums you paid for your life insurance if you outlive the term (duration) of your term life insurance policy. 

Level term offers you rates that remain the same each year for the term of your policy, while your amount of life...
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