Term Life Insurance

The Budget Life Premium Top 10.

Financial ratings are an indication of a life insurance company's ability to pay a death claim if and when your beneficiary files for it. The A.M. Best Company has long provided financial ratings for just this purpose. Generally, any of their A or higher rated companies have excellent financial strength. But, in case you want to see the cream of the crop, we provide you with the following companies who have achieved the highest (A++) financial rating from A.M. Best, as of May 2007.

These companies are presented in order of their competitiveness on rates, with the number one company having the lowest overall rates. We used a face value of $1,000,000 as the benchmark, and we then analyzed rates for the following configurations: ages 25, 35, 45, 55; 10 and 20 year term; non-tobacco user; Preferred Plus and Standard health; male and female sex. We assigned scores to the lowest ten rates in each category and then added them up... low score wins. (Source: Compulife Software, Inc. database, May 2007)

Follow this link to run rate comparisons of A++ companies for your specific requirements.

Of course, you should run overall rate comparisons as well before making a decision. For example, only one of these A++ companies (American General Life Insurance Company) has ever appeared in our list of Top 15 Life Insurance Companies, which is based on rate comparisons for companies rated A- or better by A.M. Best.

By having an independent agent run rate comparisons, you can probably find a lot of A+ companies with lower rates than the A++ companies. Then it is up to you to decide how much that extra jump to A++ is worth.