Best Life Insurance Companies for People Over 50

Why You Should Trust Us

All of Investopedia’s life insurance reviews are based on extensive research and analysis by a team of expert researchers, editors, and writers. To create this list of the best life insurance companies for people over 50, we collected data on dozens of criteria from 45 companies. The criteria helped us score each company’s costs, coverage options, financial stability, and other features and come up with objective evaluations to help you choose the best provider for you.

Investopedia has been publishing trustworthy financial information since 1999 and has been reviewing life insurance companies since 2020. 

How We Chose the Best Life Insurance Companies for People Over 50

Investopedia’s list of the best life insurance companies for people over 50 is based on extensive research into the top providers. We first commissioned a consumer survey about life insurance and consulted information about market share and popularity to understand which companies to consider. We then removed providers who didn’t meet our baseline standards for online transparency, financial strength, and customer satisfaction, leaving us with 45 companies to research further. 

Between May 20 and July 3, 2024, our experts gathered 3,150 data points related to 70 criteria. The data came from company webpages, media representatives, rating agencies (AM Best, NAIC, and J.D. Power), and customer service calls.

Then, staff editors and research analysts created a quantitative model that scores each company based on six major categories, which we weighted as such:

• Policy Features and Riders: 34%
• Application and Online Service Features: 20%
• Policy Types: 16%
• Cost: 14%
• Customer Satisfaction: 10%
• Financial Stability: 6%

For more information, read our full methodology explanation.