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Finding the best life insurance company can be difficult for any consumer, who has to navigate a huge range of products and pricing variables.
A life insurance purchase is usually a long-term commitment, especially if you’re buying cash value life insurance. Cash value policies are good for buyers who need life insurance for estate planning purposes, to fund a trust that will support a lifelong dependent such as a special needs child, to accumulate cash value for investment purposes, or to simply provide a legacy for heirs.
Permanent life insurance policies with cash value include whole life insurance and universal life insurance.
Cash value life insurance can require significant investment over time, and is intended for long-range financial goals.
For these reasons, we’ve focused on the quality of companies’ cash value life insurance offerings for our ratings.