Best Life Insurance Companies In Arkansas

I felt that MassMutual earned the title of Best Overall due to its many strengths. This company offers a varied selection of top quality life insurance products, including term life, whole life, and universal life insurance, all at very competitive rates. MassMutual policies also offer a multiple choice of riders that can be added on to suit your unique preferences.

The sales agents with MassMutual are highly trained and knowledgeable about life insurance. They’re frequently referred to as “career agents” and have had the benefit of comprehensive training on the provider’s life insurance products. These agents only represent MassMutual policy types. This is beneficial to life insurance buyers wishing to become familiar with the different types of life insurance available.

MassMutual’s impressive financial strength was another important factor in my choice. It has consistently received the highest rating possible from AM Best (A++ Superior) due to its sound financial strength as well as its ability to pay claims.

Being selected as the Best Overall is a direct reflection of MassMutual’s dedication to offering a broad range of insurance products backed up by a highly trained sales team, rather than only having the lowest rates.

Although MassMutual may not have as much brand recognition or market share as some of its competitors in Arkansas, it’s nonetheless a well respected, reputable insurance provider throughout the state.

Mutual of Omaha has long been recognized for its competence in addressing the life insurance needs of senior citizens. For quite a few years, seniors have been placing their faith in this company, not just because of their famous television show “Mutual of Omaha’s Wild Kingdom,” but also due to the intensive training their agents receive on serving the insurance needs of the senior insurance market.

This insurance carrier is very well known for its senior life insurance products offered, including two coverage products designed for seniors that have health issues. One of these is a guaranteed issue policy that doesn’t require either a medical examination or a health history questionnaire, making it a perfect fit for seniors with serious medical issues such as cancer, stroke or heart attack.

The other is a simplified issue policy that does require medical history questions but doesn’t require a medical examination, making it a great choice for seniors with minor medical problems such as Type 2 Diabetes or high blood pressure who don’t wish to undergo a medical exam.

Transamerica recognizes its own strong points, one of these strong points is affordable life insurance rates for young adults. This company understands that many young people are cautious with their money, especially in buying life insurance.

For this reason, Transamerica priced its premiums to be within reach of a younger, budget-conscious group of consumers who are trying to maximize their benefit while keeping within their budget.

Additionally, Transamerica’s website caters to younger buyers since this demographic is all about doing things online, with clear, concise info and data that’s easy to find and understand. The Transamerica site is informative and user-friendly, so its customers are able to navigate through their options and find the information they need with ease.

Transamerica has a firm conviction that everybody—regardless of their age or budget—deserves the security, protection and peace of mind that life insurance provides.

Life insurance companies face a challenging market in younger age buyers. This is largely because most younger adults have yet to see the necessity of life insurance. This is a demographic that tends to marry later and put off securing life insurance until after they get married or have children. However, companies like Transamerica focus on offering life insurance to this age group as they have lower mortality rates, which translates to higher profits.

Transamerica got the lowest score in customer service of the companies that I reviewed, This may be because of their dependence on using independent insurance agents for sales and service. Some independent agents working alone with no supervision from a company probably need to improve in both of these areas.

MassMutual, Arkansas’s top life insurance carrier, is a financial leader with very competitive rates in the state. Although there are a number of insurance companies offering inexpensive term life insurance coverage, MassMutual’s rates are the most favorable.

While it’s not recommended to base your life insurance purchase on cost alone, the fact is that cost is a prime factor for the majority of life insurance buyers. MassMutual provides the cheapest rates for those looking to secure life insurance in Arkansas, even though the company is usually associated with its professionalism rather than affordability. MassMutual is committed to expanding its market share in Arkansas and is utilizing aggressive pricing strategies to achieve this objective.

For many years now, J.D. Powers has acknowledged State Farm as a life insurance company with superior customer satisfaction rankings, which reflect the company’s commitment to excellent policyholder service. This isn’t at all surprising, since State Farm has more agents in the field than any insurance company in the nation.

State Farm is renowned for its commitment to superlative customer service, which is appreciated by its policyholders. The company is unique in that it has an abundance of local neighborhood offices where its policyholders are able to meet with their local agent face-to-face, to receive the sales assistance or policyholder service they need.

State Farm is well known for above average customer service long with a prompt claims process, which is an important factor in the life insurance market, and even more so when a family is mourning and dependent on its life insurer for fast, compassionate assistance.

Nationwide is a reputable company with many local offices both for sales and service. Their famous slogan: “Nationwide is on your side,” is the absolute truth for smokers in Arkansas looking for life insurance.

While Nationwide’s rates for smokers are slightly higher than its major competitors, I concluded it’s the best choice overall for smokers due to its superior customer service, easy access to agents, and competitive rates.