Top 7 Life Insurance Companies

Purchasing life insurance is a sensible investment that can protect your family in case of an unfortunate accident. But, you want to make sure that you are purchasing your life insurance policy from a reliable company. Here are the top 7 companies that provide policies and some of the reasons they are the cream of the crop.

1. Allianz Life of North America – Not only is Allianz financially sound as a business with a gross premium of $13.9 billion in 2004, they also have the vision of that every American should have financial independence throughout their life. For this reason Allianz offers a variety of products including universal life insurance, long-term care insurance and medical excess of loss products. Allianz is the second largest provider of fixed annuities and is among the top 20 providers of variable annuities in North America, as reported by the Life Insurance Marketing Research Association.
    

2. ING Life Insurance and Annuity Company – ING provides services such as banking, insurance and asset management to more than 60 million clients in over 50 countries. Headquartered in Atlanta, Georgia, ING USFS holds top 10 rankings in its major product lines and serves more than 14 million customers across the U.S. Their services include structured products, private equity, single strategy hedge funds and funds of hedge funds.
    

3. The Insurance Company of the State of Pennsylvania - The Insurance Company of the State of Pennsylvania is a member company of the American International Group of Companies (AIG). AIG is the leading U.S. based international insurance organization and among the largest underwriters of commercial and industrial coverages in the United States. They have been around for 80 years as an international insurance underwriter and employ 40,000 people around the world.
    

4. Nationwide Life Insurance Company – This is one of the largest diversified insurance and financial service companies in the U.S. Their excellent rating can be traced back to the 1920s. With more than $117.9 billion in assets the financial security of this company is steady to say the least.
    

5. Virginia Surety Company, Inc. – Founded in 1927, this is the principal U.S. property/casualty insurance company of Aon Corporation. Virginia Surety Company provides innovative approaches to the development of insured programs as well as sound and conservative underwriting experience for a variety of client industries. Additionally they have assets of more than $1 billion.
    

6. SIRIUS International Insurance Company – Founded in 1883, Sirius International Insurance Corporation is a wholly owned subsidiary of ABB Financial Services within the ABB Asea Brown Boveri Group. Sirius International presents the financial strength and reputation needed by experienced international consumers. Recognized for its reinsurance expertise and international presence, Sirius International is further noted for its superior capitalization (4.6 times the required level), outstanding solvency ratio (284.2%), excellent operating performance and strong earnings record.
    

7. Lloyd’s of London – This is the world’s oldest and largest insurance organization. This unique organization has withstood war and peace, depressions, recessions, and every catastrophe produced by nature or man over the last three centuries. Lloyd's annual premium volume exceeds $36 billion with over one-third of that amount produced in the United States.