Primerica, Nationwide, AIG, and Allstate Life Insurance Companies: Review
There are numerous life insurance companies that are dominating the industry in 2021. Here is a comparison of some of the best, and what differentiates these successful businesses!
Source: https://www.primerica.com/public/
Primerica
Total Revenue: $2.2 billion
Number of Employees: 2,104
Products: Term life insurance
Headquarters: 1 Primerica Parkway Duluth, GA 30099
Primerica is rated the fourteenth best life insurance company in the United States for the year 2021. Primerica has specialized life insurance since it only offers term life insurance. They pride their company on their specialization of term life insurance because they believe that since they only focus on one type of policy, they know more than other insurance companies who focus on numerous policies. They think it is essential for their clients to purchase term life insurance that is affordable, and allocate the rest of their money for investing. Unlike their competitors, they are a company that is focused on aiding main street families to reach their financial goals. They specialize in researching middle income families, which is something they have done since they were founded. Because they have spent years and years honing in on their target market, they are confident that they can be the best asset to their clients.
Source: https://www.nationwide.com/
Nationwide
Total Revenue: $46.6 billion
Number of Employees: 32,110
Products: Term, whole, universal, and variable life insurance
Headquarters: Nationwide Headquarters, One Nationwide Plaza, Columbus, Ohio 43215-2220
Nationwide is rated the sixteenth best life insurance company in the United States for the year 2021. They provide the basic, effective life insurance policies which include term, whole, universal, and variable life insurances. They offer investing and retirement services, life insurance policies, business insurance, personal insurance, and many subcategories of insurance types, such as car, auto, house, etc. The company prides itself on helping their clients for the past 90 years on protecting what matters most. Their slogan is “Nationwide Is On Your Side,” and their commercials include many well known athletes, musicians, and actors. For example, Brad Paisley, Peyton Manning, and Julia Roberts all star in their commercials. The company is well known for their famous jingle, and describes themselves as being there for their clients through anything and everything. Protecting their clients is what matters the most to their company, and their main mission.
Source: https://www.aig.com/individual
AIG (American International Group)
Total Revenue: $43.7 billion
Number of Employees: 45,000 worldwide
Products: Term, whole, universal, variable universal, indexed universal, and guaranteed universal life insurance
Headquarters: 175 Water Street, 15th Floor, New York, NY 10038
AIG is rated the twelfth best life insurance company in the United States for the year 2021. They offer many different types of life insurance, with similar policies to other insurance companies. They offer term life, whole life, universal life, variable universal life, indexed universal life, and guaranteed universal life insurance policies. Their term life policy allows the policy holder to have flexible options, with 18 different term durations. Their guaranteed whole life has great coverage for those who are between the ages of 50 and 80, and provides permanent protection that is affordable. Guaranteed universal life insurance allows the policy holder to structure their own premiums and set up how they will pay for their coverage while being assured protection. Variable universal life insurance provides the opportunity for cash accumulation, and index universal life insurance allows for long-term wealth options while also protecting the policy holder. Overall, these are familiar policies amongst large insurance companies.
Source: https://www.allstate.com/
Allstate
Total Revenue: $44.79 billion
Number of Employees: 42,500
Products: Term, whole, universal, and variable universal life insurance
Headquarters: 2775 Sanders Road, Northbrook, IL 60062
Allstate is very straightforward when it comes to their life insurance policies on their website. offers insurance policies that are not limited to life insurance, including home and auto which are incredibly popular, as well as motorcycle, off-road, and renters insurance policies. Their website is very straightforward and gives sample rates for policies, which is very important to see what the real cost could be. They believe that it is most effective for their company to supply a variety of protection programs rather than focusing on one. Their slogan, “You’re in Good Hands with Allstate” is effective for the consumer because buying insurance many times feels like an incredibly serious thing. Customers want to feel protected, safe, and financially secure with the company they are trusting with their assets. Their commercials are also incredibly effective and popular, specifically targeting their auto insurance policies.
In conclusion…
The life insurance industry has many different companies that offer many different policies. Some companies are more specialized, like Primerica, and some offer copious amounts of policies, like Allstate. Overall, each company is unique in their own way, which makes them one of the best life insurance companies that America has to offer.
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