Why Trust Us
Investopedia reviews life insurance companies using in-depth, unbiased research to help you find the best option. Our team analyzed data from 45 companies, examining costs, coverage, financial stability, and other features to provide our recommendations.
Investopedia has been a trusted source of financial information since 1999. We’ve reviewed life insurance companies since 2020.
How We Chose the Best Life Insurance Companies for Seniors
Investopedia’s list of the best life insurance companies for seniors is based on detailed research of 45 providers. We surveyed 500 recent life insurance buyers in March 2024 to inform our research.
The results helped us pick 70 criteria, including financial strength, customer satisfaction, policy options, and digital tools, which our editors and researchers used to evaluate each company. This ensures Investopedia’s rankings reflect what matters most to consumers.
Our data collection process lasted from May 20 to July 3, 2024. Our sources included company websites, inquiries to company representatives, and information from rating agencies.
To rate each company, we sorted the criteria into six categories, which were scored according to the weights below for this article:
- Application and Underwriting: 22%
- Final Expense Policy Features: 19%
- Permanent Policy Features: 16%
- Term Policy Insurance Features: 12%
- Riders: 11%
- Customer Satisfaction: 10%
- Financial Strength: 5%
- Cost: 5%
For more information, read our full methodology explanation.
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