Best Life Insurance Companies

Top 10 Life Insurance Companies of 2009

The 2008 economic crisis and subsequent collapse of AIG has challenged the notion of a solid insurer. If anything, these events have taught policy holders to open their eyes and reassess the financial strength of their insurance provider.

Although many insurance companies suffered rating downgrades from the likes of A.M. Best in the past year, the good news is that a handful of brands remain exceptionally well-rated, with stable long-term outlooks. For a complete list, see Life Insurance Company Ratings.

According to A.M. Best, the strongest life insurance and annuity companies are: New York Life, State Farm, Mass Mutual, and Geico. These are the only companies given the A++ (highest) rating. Other solid companies include: Metlife, Jackson National, John Hancock, Integrity, Mutual of Omaha, and Fidelity, which were given the second highest rating of A+ along with a "stable" outlook.

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1. New York Life

Financial Strength: A++
Long-term Outlook: Stable
Issuer Credit: aaa
Financial Size: $2 Billion+
www.newyorklife.com

2. State Farm

Financial Strength: A++
Long-term Outlook: Stable
Issuer Credit: aa+
Financial Size: $2 Billion+
www.statefarm.com

3. Mass Mutual

Financial Strength: A++
Long-term Outlook: Stable
Issuer Credit: aa+
Financial Size: $2 Billion+
www.massmutual.com

4. Geico

Financial Strength: A++
Long-term Outlook: Stable
Issuer Credit: aaa
Financial Size: $2 Billion+
www.geico.com

5. Metlife

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa-
Financial Size: $2 Billion+
www.metlife.com

6. Jackson National

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa-
Financial Size: $2 Billion+
www.jackson.com

7. John Hancock

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa
Financial Size: $2 Billion+
www.johnhancock.com

8. Integrity

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa
Financial Size: $2 Billion+
www.wsfinancialpartners.com

9. Mutual of Omaha

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa-
Financial Size: $1B-1.5B
www.mutualofomaha.com

10. Fidelity

Financial Strength: A+
Long-term Outlook: Stable
Issuer Credit: aa-
Financial Size: $500M-750M
www.fidelity.com