A life insurance purchase is usually a long-term commitment, especially if you’re buying cash value life insurance. Cash value policies are good for buyers who need life insurance for estate planning purposes, to fund a trust that will support a lifelong dependent such as a special needs child, to accumulate cash value for investment purposes, or to simply provide a legacy for heirs.
Permanent life insurance policies with cash value include whole life insurance and universal life insurance. Cash value life insurance can require significant investment over time, and is intended for long-range financial goals.
Here our list of best life insurance companies 2020 via Forbes:
5. Lincoln National Life Insurance Co.
Protection for life. That’s all we really want. The right life insurance policy can help us protect our loved ones, keep our hard-earned savings secure, and create a legacy that we can pass along with pride.Lincoln Financial Group provides advice and solutions that empower people to take charge of their financial lives with confidence and optimism. Our core business areas—life insurance, annuities, retirement plan services and group protection—focus on supporting, preserving and enhancing people’s lifestyles and retirement outcomes.
4. AXA Equitable Life Insurance Co.
Our mission is to help our clients secure their financial well-being so they can pursue long and fulfilling lives.Axa S.A. is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.
3. Northwestern Mutual
You've worked hard to build a life you enjoy with the people you love, now it's time to protect it all. But it can be tough to know how much, or what type of life insurance you need. And life insurance can be more than a safety net. Depending on the type you get, it can be the foundation for a sound financial plan. At Northwestern Mutual, our recommendations are based on your priorities and what you can afford—so you get only the life insurance you need, and nothing you don't.Northwestern Mutual is an American financial services mutual organization based in Milwaukee. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, financial planning trust and private client services, estate planning and business planning.
2. Penn Mutual Life Insurance Co.
Committed to mutuality. Focused on relationships. Founded on financial strength. We’re a life insurance leader that works for you.Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets. Penn Mutual do business in 49 states and the District of Columbia, United States.
1. Pacific Life Insurance Co.
Whether you’re protecting your loved ones or growing your assets, you’re highly invested in your financial future. And so are we. When you purchase life and retirement insurance, you’re buying a promise. A promise that today, tomorrow or ten years from now, we’ll be there. For more than 150 years, we’ve fulfilled that promise. Our clients trust Pacific Life to protect what matters most to them—their families, their businesses, their futures.Pacific Life Insurance Co. is life insurance company based in California, United States. This company operates in Europe, Asia, Australia and North America.