Life Insurance in USA:
Life Insurance policy it’s a
policy to help the Insurance
policy holder by insurer
or assurer. This policy
given by insurer or assurer to insurance policy holder instead of insurance
premium, policy holder also get a sum of money in exchange of IP (insurance
premium).All benefits goes to the family after death of policy holder it’s
depends on terms and condition or contract. The policy holder can pay premium regularly
or one lump sum amount to the Insurer or assurer. All expenses can be included
with the benefits.
All terms and conditions are available in the contract, if
any conditions break that no benefit will get by the beneficiary. All
limitation also explain in the contract when beneficiary will not get
the benefits.
Life-Based contract have two main categories:
List of Insurance Companies in USA:
1. 21st Century Insurance
2. ACE Limited
3. American General Life Insurance Company
4. American National Insurance Company
5. Banner Life Insurance Company
6. Farmers New World Life Insurance Company
7. Fidelity Life Association
8. Genworth Financial
9. Globe Life and Accident Insurance Company
10. Metropolitan Life Insurance Company
11.
Minnesota
Life Insurance Company
12. Modern Woodmen of America
13. Mutual of Omaha
14. New York Life Insurance Company
15. North American Company For Life And Health
Insurance
16. Northwestern Mutual Life Insurance Company
17. National Life
18. Nationwide Mutual Insurance Company
19. Omega
20. OneBeacon
21. Pacific Life Insurance Company
22. Principal National Life Insurance Company
23. Protective Life Insurance Company
24. Prudential
25. Philadelphia Insurance Companies
26. Progressive
27. Reliance Insurance Company
28. Safe Auto Insurance Company
29. Sagicor Life Insurance Company
30. Symetra
31. United Home Life Insurance Company
32. Transamerica Corporation
33. White Mountains Insurance Group
34. West Coast Life
35. Western Mutual Insurance Group
Top Five Life Insurance Companies Web link:
Top Ten Life Insurance Companies:
Web Source http://www.investopedia.com/articles/active-trading/111314/top-10-insurance-companies-metrics.asp
Life Insurance Companies
Life Insurance companies promise to pay out a lump sum
benefit upon the death of the insured. Although actuarial science has created mortality tables
to accurately estimate the future liability of policies to be paid, having
financial strength ensures that these companies can meet all of their
obligations while still earning a profit.
Life Insurance companies in the U.S. can be ranked by direct premium written
(the amount of new policies written directly and not re-insured). For 2013:
Company
|
Total Direct Premium
|
Market Share
|
$11.5 billion
|
7.98%
|
|
Northwestern Mutual
|
$9.4 billion
|
6.55%
|
$8.4 billion
|
5.79%
|
|
New York Life
|
$7.8 billion
|
5.42%
|
Lincoln National
|
$6.1 billion
|
4.27%
|
MassMutual
|
$5.1 billion
|
3.52%
|
John Hancock
|
$4.8 billion
|
3.37%
|
$4.1 billion
|
2.82%
|
|
State Farm
|
$4.0 billion
|
2.79%
|
Guardian Life Insurance Co.
|
$3.4 billion
|
2.34%
|
(Source: NAIC)
Web Source http://www.investopedia.com/articles/active-trading/111314/top-10-insurance-companies-metrics.asp
Type of Life Insurance as per METLIFE:
Type of Life Insurance as per NORTHWESTERNMUTUAL:
Data collected from different sites, google search,
Yahoo Search, Bing Search and other sites.
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