We will be talking about The 5 Best Whole Life Insurance Companies for January 2023 according to nerdwallet.com
If you’re looking to treat your life insurance policy as a cash asset, you might be in the market for a whole life insurance policy. Along with providing a payout to your loved ones when you die, these policies build cash value over time at a set interest rate.
To create this list of the best whole life insurance companies, our experts focused on financially strong insurers with low levels of customer complaints. We then honed in on important features of whole life insurance policies, such as riders, the potential to earn dividends and the amount of coverage you can buy.
Nerdwallet Best whole life insurance companies of January 2023
- Guardian
- MassMutual
- Northwestern Mutual
- New York Life
- State Farm
How NerdWallet ranked the top life insurers:
NerdWallet’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.
These ratings are a guide, but we encourage you to shop around and compare life insurance quotes from several companies to find the best rate for you. NerdWallet does not receive compensation for any reviews.
Best whole life insurance policies for 2023
Learn more about each company in our list by reading the brief summaries below and checking out the NerdWallet review links.
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Guardian: Best for applicants living with HIV
MassMutual: Best for cash value growth
Northwestern Mutual: Best for blended term
New York Life: Best for rider options
State Farm Life: Best for customer satisfaction
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