Who Are The Largest Life Insurance Companies?Author: Ian Wright
One of the more profitable modern day businesses is life insurance companies. The most influential corporations in the world sell policies.
These popular and larger companies have great prices that help customers. The insurance Industry enjoys economic stability, and that is why these companies are able to make the best use of the money which the consumers have put in and get an attractive cash return.
Metropolitan Life Insurance Company (MetLife), Transamerica Occidental Insurance Company and American General Insurance Company (the AIG company) These are some of the brands that are recognized in the USA. These companies deal mostly with Life Insurance. Term and whole life insurance policies are both handled with ease and comfort by them.
Similar methods and principles are used by all of the largest life insurance companies. They serve their customers needs by offering life coverage policies. However, they differ in their coverage plans and terms.
The company gives assurance for compensation and after doing the needful about your health status it will insure your life for a certain sum for which you will pay regular installments.In big cities it is the Metropolitan life insurance company. offers definite service factors, simple policy administration and reliable operations. For financial planning, they can provide the services and solutions that their clients need. With a market share that includes $2 trillion worth of policies, MetLife is among the largest insurers in America. MetLife provides financial holding with a countrywide-chartered bank.
In addition, MetLife serves clients in the continents of Asia and Europe, as a member of Reinsurance Group of America. MetLife was certified in 2005 as being the largest life insurer in the US, including the implementation of both traveler's life as well as allowance group. MetLife offers both term and whole life policies at a cheap rate and avoids rider.
According to the press releases, American General insurance Company is another of the biggest insurance company in the United States. A leader in the world the company has dealings in financial services ,such as insurance,retirement planning and investment. Internationally spread over most parts of the world known this company is known as AIG ,It has presence all over Asia,North America, Europe, Latin America and the Middle East. AIG, also known as American International Group.
There is provision in AIG for some savings on the policies related to life, and these are at reasonable rates, which can be afforded easily. Online quotes offer an effortless and hassle free shopping option to their customers. AIG plans include term life, whole life and universal life insurance coverage. However, their term life policy is the most widely used as compared to others.
The Transamerica Corporation is the holding company of a number of companies active in the field of life insurance and investment. Among these firms, Transamerica Occidental Life Insurance Company is the biggest insurer. They also handle affordable policies, including term, whole and universal.
All the above listed companies sell life insurance policies at affordable rates and assure security to their customers. Major players in the industry share some of the same qualities. The payments on customers' policies make enormous profits for these firms.
The success of the life insurance company is determined by the status of the floats, these floats are the premiums,which have been termed as floats. Certain financial rating companies such as A.A status of life insurance companies is evaluated annually by M Best, Fitch, Diamond Bond, Standard and Poor. Their findings show that, MetLife, AIG, TOIC and Prudential are the four biggest companies.
Larger companies are frequently chosen because of the confidence and security they offer, as opposed to seemingly sketchy, unknown brands. To see how much such things could cost you please consult one of the links below.
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About the Author
Ian Wright can help you find deals on life insurance but only if you visit: term life insurance quote on line or cheapest life insurance quotes.