Life insurance companies in USA
Life insurance is very necessary for USA, especially if you have anyone in your life who depends on your income, as life insurance is a contract with an insurance company whose goal is to compensate for the rights after the death of the person, as a group of a separate study conducted by Unum concluded that about A third of families will be under financial pressure during the first month of losing the breadwinner. In this article, we will learn about the advantages and problems of life insurance, in addition to knowing the prices of insurance policies.
The first insurance company in the United States was founded in 1759, and this sector has grown tremendously over the years. In 2014, about 180 million American citizens had at least one form of life insurance policy, so today we have compiled a list of the best such companies in the world. United States of America :
- First, Northwestern Mutual is a top-rated life insurance company with over 160 years of experience in the financial services industry and offers a traditional approach.
- Haven Life, which offers term life insurance only and uses an online application process without in-person interaction with a traditional agent, plus aims to offer life insurance policies that are affordable and easy to manage online, without the usual shopping hassles.
- State Farm, Inc. has nearly 100 years of expertise and offers a range of various forms of insurance also as long-term, full and comprehensive life assurance options.
- And finally, here are some other companies such as Primarily, Mass Mutual, New York Life, Allstate, and John Hancock.
Life insurance benefits
Life insurance is a contract between a company and a person. Where the insurance company undertakes to pay a sum of money upon the death of the person. One of its advantages is that it is a life insurance contract whose purpose is to protect the family's income after the death of the main breadwinner, the head of the family. It is also possible to borrow with its guarantee from the insurance company or the bank. There are policies for a specific period that recover after the expiry of their term the value of the policy and the returns their share of the profits made by the insurance company, and finally, there is no maximum value for life insurance.
Life insurance problems
Life insurance is one of the most important types of insurance, as it covers the heirs of the insured with insurance coverage, and provides people’s insurance in addition to protecting the human being, and those who financially support them in the event of various risks that lead to a reduction or lack of human ability to work and produce, but in return for all these advantages we also find disadvantages And problems, for example, some see it as violating the law, and when liquidation is achieved losses are achieved according to the actuarial recovery schedule, and finally, the duration of the insurance period in most life insurance policies takes a long time, and many murder crimes are the main cause of the insurance policy.
What are the advantages of life insurance?
A life insurance contract is intended to protect the family's income after the death of the main breadwinner, the head of the family.
There is no maximum value for cost insurance.
There are policies for a specific period that are refunded after the expiry of their term for the value of the policy and the returns its share of the profits made by the insurance company