Nationwide delivers for parents of all ages. It has no coverage limits for term, whole, or universal life insurance, and allows up to $5 million in coverage for policies that don’t require a medical checkup. Terminal illness, chronic ill🏅ness, and critical illness riders come free with many policies and allow you to tap into your 澳洲幸运5官方开奖结果体彩网:death benefit if you get a serious illness. It even has a 澳洲幸运5官方开奖结果体彩网:long-term care rider, which is rare. 

The company has a solid track record of satisfying customers, with few complaints to state regulators and a fifth-place ranking out of 21 companies in the 2024 J.D. Power U.S. Individual Life Insurance Study. 

If you want to use permanent insurance to help build an education fund, Nationwide has variable life and variable universal life 🌜insurance, which let you invest your 澳洲幸运5官方开奖结果体彩网:cash value (the savings component of permanent life insurance policies) in 澳洲幸运5官方开奖结果体彩网:mutual funds or other 🐠financial instruments. Although that means there is a risk of loss, it can also help you build savings faster than with other types of policies. 

Nationwide also offers excellent whole life policies for applicants up to age 80 who want to leave an inheritance, and it has smaller 澳洲幸运5官方开奖结果体彩网:burial insurance policies for coveri♎ng final expenses. These policies make sense for older parents in retirement. 

Finally, Nationwide was our pick for best children’s insurance thanks to an excellent children’s whole life policy with no coverage limit, and a child term rider that can be transferred at adulthood and 澳洲幸运5官方开奖结果体彩网:converted to a permanent policy if so desired.

Nationwide does have a couple of small drawbacks. Its whole life policy does not earn 澳洲幸运5官方开奖结果体彩网:dividends, so cash value grows more slowly. And the company also only sells term coverage to applicants 70 and under. That could be an issue for older parents or grandparents who are still caring for children. 

Based in Columbus, Ohio, Nationw𒐪id🍷e was founded in 1926

Available Policy Types 

• Term life
• Whole life
• Children’s whole life
• 澳洲幸运5官方开奖结果体彩网:Universal life
• 澳洲幸运5官方开奖结果体彩网:Indexed universal life
• 澳洲幸运5官方开奖结果体彩网:Variable universal life
• 澳洲幸运5官方开奖结果体彩网:Variable life
• No-medical exam life (term)
• Final expense 

Available Riders

• Term conversion
• Child term
• Guaranteed insurability rider
• Waiver of premium
• Accidental death benefit
• Terminal illness
• Long-term care
• Chronic illness
• Critical illness

If affordability is a priority, consider Columbus Life. The quotes Investope🅺dia pulled for term life insurance showed the lowest premiums of all the insurers in our study. 

You’ll get a lot for these low premiums. Like Nationwide, Columbus includes many riders at no extra charge, such as early payouts for a terminal, critical, or chronic illness. Other insurers charge𝕴 extra for these benefits. 

You can insure your children up to age 23🔴 using a child term insurance rider added to your own policy. Finally, Columbus Li🦂fe offers a spouse rider, which lets you cover your spouse as part of your policy for less money than buying a separate policy for them.

On the downside, Columbus Life does not sell 澳洲幸运5官方开奖结果体彩网:whole life or 澳洲幸运5官方开奖结果体彩网:burial insurance policies, making it less suitable for older parents trying to leave an inheritanc♎e o🐬r cover final expenses. It also lacks online quotes or applications, meaning you’ll have to talk with an agent to sign up and get policy information. 

Finally, if you want a 澳洲幸运5官方开奖结果体彩网:term life insurance policy, you must buy at least $100,000 o🥃f coverage. Other insurers (such as Mutual of Omaha and Lafayette) let you buy a policy as small as $25,000. 

Columbus Life was founded in 1906 and has ಌits headquarters in Cincinnati.

Policy Types

• Term life
• Universal life
• Indexed universal life
• No-medical exam life (universal)

Riders

• Term conversion
• Child term
• Spouse
• Guaranteed insurability rider
• Waiver of premium
• Accidental death benefit
• Terminal illness
• Chronic illness
• Critical illness

A child term rider lets you cover your minor children as part of your life insurance policy. While most insurers stop coverage between ages 17 and 22,  Protective’s offering covers them until they’re 25, well into adulthood. Before that time, you can transfer the coverage to your children or they can convert it to a 澳洲幸运5官方开奖结果体彩网:permanent policy that la👍sts their entire lꦦife—without having to take a medical exam. 

Protective Life also has great options for parents, with no coverage limits on its term, whole, and universal life insurance. Applications are available on the Protective website, and you can get a quote online for🐻 some policy types. The main drawback is that most riders, except a terminal illness add-on, cost extra. 

The company has a superior financial strength rating and a better complaint record than expected for its size. Protective Life was founded in 1907 and is headquartered in Birmingham, Alabam🍸a.

Policy Types

• Term life
• Whole life
• Universal life
• Index universal life
• Variable universal life

Riders

• Term conversion
• Child term
• Guaranteed insurability rider
• Waiver of premium
• Accidental death benefit
• Terminal illness
• Chronic illness

Lafayette excels at 澳洲幸运5官方开奖结果体彩网:whole life insurance, which may be right for you, your children, or your older parents if you want a guaranteed death benefit with coverage that lasts until death. Lafayette’s eight variations of whole life allow you to customize coverage based on premiums, medical requirements, and cash value growth rate.  You can buy as littl🙈e as $3,000 in coverage and there is no upper limit, so you can adjust the level to ❀fit your needs. 

Lafayette Life also pays 澳洲幸运5官方开奖结果体彩网:dividends on whole life policies, meaning it shares profits with policyholders. As a result, your 澳洲幸运5官方开奖结果体彩网:cash value may grow faster than it would with competing plans that don’t pay dividends. Lafayette offers a wide selection of riders, including three free living benefits. And if you want to provide term life insurance coverage for your child, you can purchase Lafayette’s child term rider, which can be converted to a whole life policy when t🦹hey grow up. Just know that coverage only lasts until age 18, which is on the low side compared to competitors. 

The company is less attractive for other policy types. It doesn’t oඣffer universal, variable, or variable universal life. It does sell term life insurance, but you can’t get quotes or apply online. Talking to an agent may be important for complex whole life products, but many competitors offer online quotes and applications for term life insurance. 

As with all the companies on this list, Lafayette Life has an A+ financial strength rating. And state regulators received far fewer complaints about the company than expected, given the company’s size. Headquartered in Cincinnati, Ohio, Lafayette Life was founded in 1905. 

Policy Types

• Term life
• Whole life
• Children’s whole life
• No-medical-exam life (whole life)
• Final expense

Riders

• Term conversion
• Child term
• Guaranteed insurability rider
• Waiver of premium
• Accidental death benefit
• Terminal illness
• Chronic illness
• Critical illness