The Top Life Insurance Companies in Ohio for 2023

Ohio has over 200 life insurance companies competing for your business. With so many options to choose from, it can be overwhelming trying to find the right life insurance policy. This article will go over the top life insurance companies in Ohio based on financial strength, customer satisfaction, policy options and cost. We’ll help you find the best life insurance company for your needs.

How We Evaluated Life Insurance Companies in Ohio

Choosing the right life insurance policy is an important financial decision. You want to make sure the insurance company will be around to pay claims decades down the road. To find the top life insurers in Ohio, we looked at the following factors:

• Financial strength: Insurers with strong financial ratings from agencies like A.M. Best indicate stability and the ability to pay out future claims. We gave preference to companies rated A or better.

• Policy variety: The best life insurance companies offer different types of life insurance like term, whole, universal and final expense. More options make it easier to find a policy that fits your budget and needs.

• Customer satisfaction: Highly-rated insurers score well on customer satisfaction surveys and have positive online reviews. This helps identify companies with good customer service.

• Cost: Insurers with lower premiums offer more value for your money. We looked for life insurance policies with competitive pricing.

Keeping these criteria in mind, here are the top life insurance companies we recommend checking out in Ohio.

Best Life Insurance Companies in Ohio

1. State Farm

State Farm is the largest life insurance company in the United States. It offers term, whole, universal and final expense life insurance. State Farm has an A++ (Superior) rating from A.M. Best for financial strength.

Pros

• Strong brand recognition and 99% customer satisfaction score
• Large selection of permanent and term life insurance
• Competitive pricing and policy options
• Excellent financial strength rating

Cons

• Mixed reviews for customer service
• Underwriting can be more stringent for some applicants

State Farm is a great choice if you want a policy from a leading national insurer. It offers all types of life insurance at competitive rates.

2. Northwestern Mutual

Founded in 1857, Northwestern Mutual is one of the oldest and most established insurers in the U.S. It offers term, whole and universal life insurance policies. Northwestern Mutual has an A++ (Superior) rating from A.M. Best.

Pros

• Excellent financial strength
• Highly rated for customer service
• Dividends on participating whole life policies
• Wide selection of permanent and term life insurance

Cons

• Term life rates are higher than competitors
• permanent life insurance is more expensive

Northwestern Mutual is a top pick if you want dividend-paying whole life insurance. It also stands out for stellar financial ratings and customer service.

3. Cincinnati Life

An Ohio-based insurer, Cincinnati Life offers term, whole, universal and final expense life insurance. It has an A+ (Superior) rating from A.M. Best for financial strength.

Pros

• Strong regional presence in Ohio
• Competitive pricing on term and whole life insurance
• High marks for customer service

Cons

• Smaller national presence than other insurers
• Fewer riders and features on some policies

Cincinnati Life is a great local Ohio insurer with highly satisfied customers. It offers competitively priced life insurance policies.

4. Ohio National

Founded in 1909, Ohio National provides term, whole, universal and final expense life insurance. It carries an A (Excellent) rating from A.M. Best.

Pros

• Excellent financial strength
• Low-cost term life rates
• Good option for health conditions
• Highly rated for customer service

Cons

• Smaller company compared to competitors
• Mixed reviews on claims processes

Ohio National stands out with affordable term life insurance rates. It’s also a top pick if you have certain health conditions.

5. Western & Southern

Offering term, whole, universal and final expense life insurance, Western & Southern has an A (Excellent) rating from A.M. Best.

Pros

• Strong financial standing
• Competitive pricing across policy types
• Highly-rated for customer service

Cons

• Smaller selection compared to other insurers
• Less flexible pay options on some policies

Based in Cincinnati, Western & Southern is another great Ohio life insurance company. It offers an array of policy options at affordable rates.

6. Mutual of Omaha

Founded in 1909, Mutual of Omaha provides term, whole, universal and final expense life insurance. It has an A+ (Superior) rating from A.M. Best.

Pros

• Excellent financial strength rating
• Competitive pricing across different policy types
• Online quotes and application process

Cons

• Mixed reviews for customer service
• Fewer riders on some policies

Mutual of Omaha is a veterans life insurance company that offers easy online quotes. It has highly competitive rates across policy types.

7. SBLI

Specializing in no medical exam life insurance, SBLI offers term, whole and final expense policies. The insurer has an A (Excellent) rating from A.M. Best.

Pros

• Competitive no medical exam life insurance
• Quick and easy application process
• Excellent option for health conditions

Cons

• Limited policy and rider options
• Mixed reviews on customer service

If you want no medical exam life insurance, SBLI is a leading choice. Its accelerated underwriting makes getting coverage easy.

8. The Cincinnati Life Insurance Company

The Cincinnati Life Insurance Company offers term, whole and universal life insurance policies. It has an A+ rating from A.M. Best.

Pros

• Strong financial rating
• Low-cost term life insurance
• Dividends on participating policies

Cons

• Small company compared to competitors
• Limited policy options

The Cincinnati Life Insurance Company is a top pick for low-cost term life insurance. Its strong financials make it a stable choice for protection.

9. Primerica

Primerica offers term life insurance policies at affordable rates. The company is highly rated for financial strength with an A+ from A.M. Best.

Pros

• Very inexpensive term life insurance
• Easy and fast application process
• Can bundle home and auto insurance

Cons

• Only sells term life insurance
• Pushier sales practices reported

Primerica is an excellent budget choice if you just want low-cost term life insurance. It offers fast coverage at very affordable rates.

10. Foresters

Rounding out our top 10 is Foresters, which offers term, whole life, and annuities. It holds an A (Excellent) rating from A.M. Best.

Pros

• Competitive pricing across policy types
• Gives back to local communities
• Good option for health conditions

Cons

• Smaller company than competitors
• Limited riders and policy features

Foresters is a fraternal benefit society that provides low-cost life insurance. It has competitive rates and gives back to communities.

Choosing the Best Life Insurance Company in Ohio

When choosing a life insurance policy in Ohio, consider these key factors:

• Financial strength: Pick an established insurer with excellent financial ratings so you can depend on it being there when you need it.

• Policy type: Determine what kind of life insurance fits your budget and needs – term, whole, universal or final expense.

• Price: Compare quotes from multiple insurers to find the best rates available to you.

• Customer service: Read reviews and ratings to get a feel for an insurer’s reputation for claims and customer satisfaction.