Best Whole Life Insurance Companies for 2024
Lafayete
In addition to its financial strength and good customer satisfaction record, Lafayette caters to a wide range of policyholders by offering low minimum coverage amounts and no maximum limits. The company also includes living benefits that pay out if you unexpectedly become seriously ill. You can choose from seven types of whole life policies, including one final expense policy, to get the coverage that best fits your needs.
Lafayette has paid dividends to policyholders on its whole life policies annually since 1905.
Superb financial strength rating
Coverage amounts as low as $3,000, and no maximum
Includes riders for serious or terminal illnesses
Strong record of paying dividends
Does not sell policies in New York
No online quotes
No online application
Only issues policies to up age 85
With Lafayette, you may not need to take a medical exam for coverage up to $100,000, and you can get a decision on your application as soon as the same day. You’ll also have the convenience of filing a claim online.
Lafayette may be a good choice for parents since its whole life policies can be issued to children and adults. You can also buy a children’s term rider for your policy. The rider covers children up to age 18, and they can convert it to a whole life policy for themselves when they become adults.
Lafayette’s final expense policy (also called a burial policy) is available if you're between 40 and 85. It offers coverage worth up to $50,000. It’s a guaranteed-issue policy, and no medical exam is required.
Lafayette, founded in 1905 and headquartered in Cincinnati, is a subsidiary of Western & Southern Financial Group.
Riders included at no additional cost:
Riders available:
MassMutual
MassMutual received an A++,
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