Life insurance provides an important financial protection for young adults’ nearest and dearest, be they parents, siblings or future loved ones. Getting life insurance at a young age helps lock in the best possible rates.
According to a recent report by Investopedia, the best providers of life insurance for young adults are reputable companies with experience in the industry and strong financial ratings. These companies offer competitive rates, an array of policies and helpful customer service.
Investopedia looked at 25 different life insurance companies, evaluating them for cost. In addition, insurers needed high financial stability ratings. “Financial stability demonstrates that a company will be around for a long time and is able to handle claims without a risk of running out of cash.” Researchers used AM Best financial stability ratings as their primary metric.
Customer service also played an important role in the evaluation process. To compare insurers in this area, Investopedia used the J.D. Power 2020 U.S. Life Insurance Study.
See the gallery for life insurance companies that are best in seven categories for young adults. Check out the full article for more details about each.
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