The Life Insurance Company is being counted amongst the fastest rising segment in the United States insurance industry, as more people are availing their services. It is being thought that the rising levels of education would contribute immensely to the well being of the Life Insurance Company industry.
As per the economic-demographic data of the United States Central Intelligence Agency in 2003 the insurance industry earned, by way of premiums $1,055,498 million, out of which $480,919 million was contributed by the life insurance industry.
Even though the cash value life insurance policy is supposedly the worst life insurance product available in the United States, as many as 70% consumers are availing this particular kind of life insurance product.
List of top Life insurance Companies in World
|Japan Post Insurance||Prudential plc||Predica|
|AXA||Manulife Financial||Life Insurance Corporation of India (LIC)|
|Allianz||AEGON N.V.||Great-West Lifeco|
|MetLife||CNP Assurances||Sun Life Financial|
|Prudential Financial||ING Verzekeringen NV||Lincoln National|
|Nippon Life Insurance Company||Dai-ichi Life Insurance Company||Resolution Limited|
|Assicurazioni Generali||Meiji Yasuda Life Insurance Company||Northwestern Mutual Life Insurance|
|Legal & General Group||China Life Insurance||ERGO Insurance Group|
|American International Group||Sumitomo Life Insurance Company||Swiss Life Holding|
|Aviva||Standard Life||Massachusetts Mutual Life Insurance Company|
The life insurance companies in the United States are providing the following services:
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
The Term Life Insurance policies are meant for a certain term period. The term periods of the Term Life Insurance policies are 10, 15, 20, or 30 years. The coverage amount varies from $100,000 to $2,000,000. The maximum age for coverage is 40.
The Universal Life Insurance policies provide greater freedom compared to the whole life insurance. The coverage amount for the Universal Life Insurance varies from $100,000 to $2,000,000. The Whole Life Insurance policies furnish the borrowers with some assured benefits.
The term periods of the Whole Life Insurance policies are 10, 15, 20, or 30 years. The coverage amount varies from $100,000 to $2,000,000. The maximum age for coverage in the Whole Life Insurance policies is 40.
The Whole Life Insurance policies give an assured death benefit as well as cash values. The Variable Universal Life Insurance policies are provided with certain element of investment to them. The term periods of the Variable Universal Life Insurance policies are 10, 15, 20, or 30 years. The coverage amount varies from $100,000 to $2,000,000.
The maximum age for coverage in the Variable Universal Life Insurance policies is 40. With the Variable Universal Life Insurance policies the policy owners are able to place a certain number of assets in a group of funds . These funds are superintended professionally and they constitute another account.
List of Life insurance Companies in USA
|New York Life Insurance||Northwestern Mutual||Mass. Mutual Life Insurance|
|Principal Financial||Lincoln National||MetLife|
|Jefferson-Pilot||Western & Southern Financial||Mutual of Omaha Insurance|
Last Updated on : 12th Sept. 2013