In this article, we will take a look at the 5 best senior life insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to 15 Best Senior Life Insurance Companies Heading into 2024.
5. State Farm Insurance
Annual Revenue (2022): $89.30 Billion
State Farm Insurance is one of the best senior life insurance companies heading into 2024, with annual revenue worth $89.3 billion in 2022. The company was founded in 1922 and provides coverage for life insurance, home insurance, car insurance, and senior life insurance. Under its senior life insurance policy, State Farm Insurance provides whole-life coverage with a guaranteed death benefit and helps with mortgage costs.
4. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY)
Market Capitalization as of December 20, 2023: $89.98 Billion
Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) ranks among the best senior life insurance companies with a market cap of $89.98 billion, as of December 20. The company provides coverage across health insurance, travel insurance, auto insurance, and life insurance lines. The company offers an insurance plus elderly care model to its customers. Prominent features by Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) include home-based care, health management, and insurance services.
3. The Progressive Corporation (NYSE:PGR)
Market Capitalization as of December 20, 2023: $92.29 Billion
With a market cap of $92.29 billion, as of December 20, The Progressive Corporation (NYSE:PGR) ranks among the best senior life insurance companies heading into 2024. The company is based in Ohio and provides commercial, home, auto, life, and personal insurance. Under its senior life insurance policy, the company offers whole life insurance which covers death benefits for the beneficiaries of the deceased. The Progressive Corporation (NYSE:PGR) boasts a market cap of $92.29 billion, as of December 20.
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2. CVS Health Corporation (NYSE:CVS)
Market Capitalization as of December 20, 2023: $98.14 Billion
CVS Health Corporation (NYSE:CVS) ranks among the best senior life insurance companies heading into 2024. The company’s subsidiary, Aetna Inc. is a managed healthcare company based in Connecticut. It provides comprehensive senior life insurance plans to its customers. Accendo Final Expense, a product of Aetna Inc. provides individual whole life insurance. The insurance policy provides coverage for household expenses, debt, and funeral costs. CVS Health Corporation (NYSE:CVS) boasts a market cap of $98.14 billion, as of December 20.
1. Allianz SE (OTC:ALIZF)
Market Capitalization as of December 20, 2023: $104.24 Billion
Allianz SE (OTC:ALIZF) is a prominent insurance company based in Munich and ranks among the best senior life insurance companies heading into 2024. The company provides a range of insurance services including property insurance, business insurance, and life insurance. Under its Fixed Index Universal Life insurance policy, the company provides death benefits and insurance benefits to an individual for the rest of their life as long as they regularly pay premium payments. Allianz SE (OTC:ALIZF) has a market cap of $104.24 billion, as of December 20.
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Follow Allianz Ag Holding (OTCMKTS:AZSEY)
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