2022: Nationwide Named Best Life Insurance Company by Money.com and Forbes.com!!!!
Nationwide Ranked “Highest Customer Satisfaction” By Money.com and Best Life Insurance Company by Forbes.com!
2022 Rankings for Life Insurance Companies! Money.com:
https://money.com/best-life-insurance/?xid=moneyrss
Nationwide stands out for its acclaim from third parties. The company has an A+ A.M. Best financial strength rating and a high (third place) ranking in J.D. Power’s 2020 U.S. customer satisfaction ratings. In the past year, the National Association of Insurance Commissioners (NAIC) has received only a single complaint against Nationwide for its individual life insurance, which underlines the company’s strong record for customer service.
As with most of its competitors, policies from Nationwide can be customized with riders like accelerated death benefit, premium waiver and children’s term insurance. Nationwide doesn’t charge a fee or requires a medical exam for policy conversions.
Nationwide universal life policies offer two hybrid universal/long-term care riders or linked benefits: Long-term care (LTC) and CareMatters. LTC covers the cost of long term care while giving the insured flexibility on how to receive their benefits. CareMatters covers the cost of an informal caregiver, and guarantees a monthly cash benefit payment.
Why we chose this company
Nationwide has one of the highest customer satisfaction rankings of the companies on our list. This insurer also offers a variety of riders and doesn’t charge a fee for policy conversions.
2022 Rankings for Life Insurance Companies! Forbes.com:
Nationwide is among a handful of firms Forbes is recognizing as a best insurance company across five of the seven categories, including auto, homeowners, renters, term life and permanent life in our inaugural list of America’s Best Insurance Companies.
In order to determine which companies were best serving consumers, Forbes partnered with Statista to survey more than 16,000 customers and get their feedback on these companies' performance.
Joining Nationwide in recognition across five categories are Alfa Insurance, Allstate, American Family Insurance, Erie Insurance, Farm Bureau Insurance, Liberty Mutual, Progressive, State Farm and USAA. San Antonio, Texas-based USAA got the highest ratings in the survey, finishing first in permanent life, term life, homeowners and renters and behind only Seattle-based PEMCO in auto insurance.
These rankings also looked at some smaller sectors of the industry including the growing field of pet insurance, which recently hit record levels—thanks to pandemic pet adoption— with more than $2 billion in total premiums sold in 2020 according to the North American Pet Health Insurance Association. Twenty firms were also recognized in the category of dental insurance, which faces potential upheaval if provisions proposed under the “Build Back Better” plan to add dental coverage, as well as vision and hearing, to Medicare are passed.