The 5 Best Life Insurance Companies in Pennsylvania 2022: Reviews and Ratings

The best life insurance policies provide you with the benefits you require at affordable rates. Life insurance is an essential investment for anyone who wishes to plan for the future and eliminate the financial burden that your death can leave for those you love. The death benefit provides much-needed funds to cover funeral expenses, pay debts, or provide a source of income to those you leave behind.

Selecting the best life insurance company for you requires a lot of time and thought. Check out our comparison of the top life insurance companies for a streamlined list of some of the finest options.

Best Pennsylvania Life Insurance Companies of 2022: The Top 5 Reviewed and Ranked

  • Haven

    : Best Overall Life Insurance Provider in Pennsylvania

  • Bestow

    : Best Life Insurance with No Medical Exam in Pa

  • Policygenius

    : Best Online Life Insurance Broker in Pennsylvania

  • Sproutt

    : Best Pa Life Insurance for Coverage at Any Age

  • Fabric

    : Best Digital Life Insurance Experience in Pennsylvania

1. Haven – Best Overall Life Insurance Provider in Pennsylvania

Haven Life Insurance Pros in Philadelphia, Pittsburgh, Allentown, and More:

  • Fast online application process

  • No medical exam for some plans

  • High coverage

Haven Life Insurance Cons in Philadelphia, Pittsburgh, Allentown, and More:

  • No permanent life insurance

  • Not available in all states

  • Applicant age limit is 64

Haven offers excellent options for term life insurance coverage. Apply online in minutes and potentially get approved for a plan that begins the same day. All plans are used by MassMutual, which is known for great service and few customer complaints.

Haven Term plans of up to $3 million are available for qualified applicants under 60 years of age. Adults ages 60 to 64 can apply for up to $1 million worth of coverage. Applicants 59 years old and younger with good general health can apply for a term policy of up to $1 million without a medical exam. Choose terms ranging from 5 to 30 years.

Premium Cost of Haven Life Insurance Policies in Pennsylvania: 4.9/5

Your premium rate remains the same throughout the term of your policy, although it could increase if you choose to renew. Haven Life insurance is affordable, but prices are slightly higher than other insurance companies. An example premium cost for a $1 million 20-year policy is $90 per month.

Life Insurance Policy Type Choices Offered by Haven in Pennsylvania: 5/5

Haven is one of the best life insurance companies for term life policies. Choose from A Haven Term or Haven Simple plan. Haven Term is available in varying levels of coverage for adults up to 64 years old. A medical exam is required for most applicants.

If you prefer to avoid a medical exam, Haven Simple provides up to $500,000 of coverage upon approval of your application. This plan is not available in California, Delaware, South Dakota, North Dakota, or New York.

Haven Life Insurance Pa Add-Ons and Riders: 4.7/5

Your Haven Life insurance policies include an accelerated death benefit. If you are diagnosed with a terminal illness, you may be able to access part of the death benefit to help cover the cost of care and living expenses.

A waiver of premium rider is available for some policies. This is an add-on that comes at an additional cost, but can stop premiums if you become disabled, while preserving your coverage. Haven Life Plus is a free add-on available in some states that gives you extra features, such as online will creation.

Haven Pennsylvania Life Insurance Claims and Services: 5/5

The website is simple to use, and customers can reach a representative by phone or through the online chat tool. Haven’s policy issuer, MassMutual, has an A++ rating for financial strength from AM Best. The company has a reputation for being reliable and able to pay out claims promptly.

Overall Score of Haven Life Insurance Policies in Pennsylvania: 4.9/5

Get a Haven quote today!

2. Bestow – Best Life Insurance with No Medical Exam in Pa

bestow

Bestow Life Insurance Pros in Philadelphia, Pittsburgh, Allentown, and More:

  • Never requires a medical exam

  • Instant coverage when approved

  • Affordable premiums

Bestow Life Insurance Cons in Philadelphia, Pittsburgh, Allentown, and More:

  • Applicant age limit of 60

  • No riders

  • Lower coverage limits

The best life insurance company for quality term life policies without a medical exam is Bestow. Applicants of ages 18 to 60 can apply for coverage ranging from $50,000 to $1.5 million, with terms of 10 to 30 years. Your coverage begins immediately upon approval.

The online application is simple, and the entire process takes place digitally. Bestow never requires a medical exam. However, it does look at other records, such as your credit history, driving history, previous insurance policies, and prescriptions.

Bestow’s premium rates are lower compared to other life insurance companies. It is an excellent option for individuals on a budget.

Premium Cost of Bestow Life Insurance Policies in Pennsylvania: 5/5

Bestow is one of the best life insurance options for those looking for affordable premiums. An example premium cost for a $1 million, 20-year policy is as low as $56 per month for females and $76 per month for males.

Life Insurance Policy Type Choices Offered by Bestow in Pennsylvania: 4.8/5

Select from several options for your term life insurance policy in both coverage level and length of the policy. While Bestow is accessible to many applicants due to the waiver of a medical exam, the coverage options are lower than other companies.

Bestow Life Insurance Pa Add-Ons and Riders: 4.3/5

Bestow provides a range of options for life insurance coverage and term length. It does not offer any riders or add-ons, but you can customize your plan by selecting the level of coverage you need.

Bestow Pennsylvania Life Insurance Claims and Services: 4.8/5

All interactions are conducted digitally. There are no personal insurance agents, and it can be difficult to speak to a human representative. The lack of live customer support can be a nuisance for some, but most customers are easily able to find answers and communicate effectively using the online platform.

Overall Score of Bestow Life Insurance in Pennsylvania: 4.7/5

See what Bestow will quote you.

3. Policygenius – Best Online Life Insurance Broker in Pennsylvania

policygenius

Policygenius Life Insurance Pros in Philadelphia, Pittsburgh, Allentown, and More:

  • Compare multiple quotes

  • No affiliation with insurance companies

  • Upper age limit for applicants is 85

Policygenius Life Insurance Cons in Philadelphia, Pittsburgh, Allentown, and More:

  • Medical exam typically required

  • Online quotes not available for all insurers

  • Limited number of partners

Policygenius is an independent company that helps you determine the coverage you need and find the best life insurance policy for you. You can get 24/7 support from live agents or shop online. Compare both whole and term life insurance policies from some of the most well-known companies, all in one convenient place.

Since Policygenius is a broker and not an insurer, you have a wide range of insurance options to explore and choose from in any state. Policies are available for adults aged 18 to 85, and in amounts up to $10 million. Choose term lengths ranging from 10 to 30 years. Fill out a simple form to get fast quotes from multiple insurers.

Premium Cost of Policygenius Life Insurance Policies in Pennsylvania: 4.9/5

The cost of your premium will vary significantly depending on the policy type and provider that you select. With access to many companies, it’s possible to find highly affordable rates. An example monthly premium rate for a $500,000, 20-year policy for a 35-year-old is $19 for females and $23 for males.

Life Insurance Policy Type Choices Offered by Policygenius in Pennsylvania: 4.8/5

Policygenius is one of the best life insurance brokers if you want to explore many available options and compare prices. You can select nearly any terms you want, and choose from either term or permanent life insurance. The downside is that the quotes you see are from their partners. You may need to do additional research to see rates from non-partnered insurers.

Policygenius Life Insurance Pa Add-Ons and Riders: 4/5

The type and availability of riders and add-ons are determined by the individual insurance company you select. Read the details of your plan and explore your options before purchasing a policy.

Policygenius Pennsylvania Life Insurance Claims and Services: 4.6/5

Speak with a real human anytime you have questions or need assistance. Policygenius customer service representatives are available 24/7.

Overall Score of Policygenius Life Insurance Policies in Pennsylvania: 4.6/5

Compare life insurance quotes with Policygenius.

4. Sproutt – Best Pa Life Insurance for Coverage at Any Age

sproutt

Sproutt Life Insurance Pros in Philadelphia, Pittsburgh, Allentown, and More:

  • No medical exam for healthy applicants

  • Upper age limit of applicants is 100

  • High coverage limits

Sproutt Life Insurance Cons in Philadelphia, Pittsburgh, Allentown, and More:

  • Not a direct provider

  • Limited reviews for a newer company

  • Limited number of insurance partners

Sproutt is one of the best life insurance companies for comparing quotes from multiple insurers for a vast age range. Many companies only offer new policies for adults up to age 60 or 64. This broker puts you in touch with companies that insure individuals from 18 to 100 years old.

Select from term or permanent life insurance policies with coverage from $50,000 to $5 million. Term lengths vary from 5 to 30 years. Sproutt is partnered with many of the top life insurance companies, so you can pick from high-value policies within your budget.

Premium Cost of Sproutt Life Insurance Policies  in Pennsylvania: 4.6/5

The cost of your premium varies for each insurer. Compare the quotes for similar plans from several companies to find the one with the highest value for your needs.

Life Insurance Policy Type Choice Offered by Sproutt in Pennsylvania: 4.7/5

Sproutt has an excellent selection for both term and permanent life insurance. Choose your term length and the amount of coverage that you need.

Sprout Life Insurance Pa Add-Ons and Riders: 4/5

Access to riders and add-ons to customize your coverage is at the discretion of each insurance provider. Sproutt itself does not provide policies, so you must find out the options at each potential insurer you consider.

Sproutt Pennsylvania Life Insurance Claims and Services: 4/5

Sproutt is one of the best life insurance brokers for customer support. Get assistance through the entire process to find and purchase the right plan for your needs via phone or email.

Overall Score of Sproutt Life Insurance in Pennsylvania: 4.3/5

Compare Sproutt quotes to the competition.

5. Fabric – Best Digital Life Insurance Experience in Pennsylvania

fabric

Fabric Life Insurance Pros in Philadelphia, Pittsburgh, Allentown, and More:

  • Easy application process

  • No medical exam policies available

  • Simple and convenient mobile app

Fabric Life Insurance Cons in Philadelphia, Pittsburgh, Allentown, and More:

  • Not available in all states

  • Upper age limit is 60

  • Limited whole-life insurance

Fabric is one of the best life insurance companies to choose from if you prefer a digital experience. Apply on either the website or mobile app without a medical exam. The whole process takes as little as 10 minutes. Choose your term length and the amount of coverage you need.

Policy term lengths range from 10 to 30 years, and are available for people 21 to 60 years old. All policies require that the applicant fill out a health survey. If you opt out of a medical exam, you can purchase a policy worth up to $1.5 million. Coverage ranges from $100,000 to $5 million with a medical exam.

Manage your life insurance policy at any time through the convenient mobile app or on the website. There are even extra features to help manage your finances and create a will.

Life insurance policies are issued through Vantis Life. If you die while covered under an active policy, 1% of your policy’s value is donated to charity.

Premium Cost of Fabric Life Insurance Policies: 4/5

Fabric term life insurance policies are typically affordable, but a bit pricier than other companies. The actual cost of your plan premium depends on the coverage you choose and your unique situation. An example quote for a 10-year term life policy of $250,000 is $16.75 per month, or accidental death coverage of $250,000 for $15 per month.

Life Insurance Policy Type Choices Offered by Fabric: 4.2/5

You can purchase a term life insurance policy from Fabric without the need for a medical exam. The other policy type offered is accidental death insurance. Policies are geared toward younger applicants and not seniors.

Fabric also sells accidental death insurance policies that pay out if death is caused by an accident. Anyone age 25 to 50 is eligible to apply for coverage of $100,000, $250,000, or $500,000. This policy is not available in Colorado, Massachusetts, Montana, New York, North Dakota, Pennsylvania, Virginia, or Washington.

Fabric Life Insurance Add-Ons and Riders: 4/5

There is an accelerated death benefit rider available that you can change over to a permanent policy after age 65. Converting an existing term life insurance policy that meets the requirements is the only way to purchase whole life insurance from Fabric. This rider is not available in New York or Montana.

Fabric Life Insurance Claims and Services: 4.6/5

Fabric and its policy issuer, Vantis Life, have generally good customer reviews and offer excellent service. Claims must be filed by a beneficiary within 20 days of the policyholder’s death.

Overall Score of Fabric Life Insurance: 4.2/5

Find Fabric life insurance quotes.

How We Selected the Best Life Insurance Options in Pennsylvania

Choosing a life insurance policy can take an emotional toll, as providing for your loved ones after your death is a difficult subject to address. You must take your time to select the coverage that fulfills your requirements and protects your family or another beneficiary.

Before you begin shopping for life insurance, consider what your personal needs are. Do you require basic coverage for a specified length of time, or are you looking for coverage for the remainder of your life? Here are the top criteria we used to choose the best life insurance companies:

  • Policy type offered

  • Premium cost

  • Age

  • Add-ons and riders

  • Financial rating

  • Reputation

  • Customer service

Make sure that your desired policy provides the right value for its cost. Understand the terms of the coverage you select and whether there is an option to customize your coverage or extend it at the end of the policy.

Buying Guide to Discover the Best Life Insurance Policy in Pennsylvania

Purchasing a life insurance policy is a huge undertaking. Read these frequently-asked questions first to help you figure out how to choose the right policy.

What Is Life Insurance?

Life insurance is an agreement between yourself and the issuing insurance company. You pay a monthly or yearly premium in exchange for the insurer providing a specified benefit to your designated beneficiary upon your death.

Death benefits of a life insurance policy may pay for living expenses or the costs of raising any children that you left behind. It’s also possible to leave the money as an inheritance or have it donated.

Who Needs a Life Insurance Policy in Pa?

Everyone should have life insurance. Its main benefit is to pay for your outstanding debts and funeral costs, so you don’t place a heavy financial burden on your family. It also gives the family and friends that you left behind, and who depended on you for financial support in life, an income.

What Types of Life Insurance Are Available in Pa?

The two main types are term life insurance and permanent life insurance. Term life insurance refers to a policy that you purchase for a set period, usually between 10 and 30 years. Some term policies can be converted to a permanent policy, but most expire at the end of the designated term. These types of life insurance policies don’t have any cash value.

Permanent life insurance covers you for the rest of your life, and offers both a death benefit and investment option. A whole life insurance policy requires you to pay a premium to stay valid. A cash value builds over time that will be paid out to your beneficiary or returned to you if you decide to cancel your policy during your lifetime.

Universal life insurance is the other kind of permanent life insurance. These policies are more flexible, and you can adjust your premium and death benefit as needed. The cash value earns interest, and you may borrow against the cash value that you have built up.

How Much Life Insurance Coverage Do I Need in Pennsylvania?

The amount of life insurance that you should purchase depends on your reasons for buying a policy. If you just want to have funds available to cover your end-of-life expenses, the amount will be lower than if you want to leave your family an inheritance.

Consider your financial and personal situation. Do you have a lot of debt or another source of income that could provide for your loved ones after your death? Perhaps you want to purchase enough insurance to pay off your mortgage. Individuals with young children should make arrangements that provide the funds for continued care and maintenance by a selected guardian.

How Is My Premium Calculated in Pa?

Life insurance premiums differ, depending on the following factors:

  • Age

  • Health

  • Known medical conditions

  • Whether you are a smoker

  • The amount of coverage you select

  • The type of plan you choose

Permanent life insurance policies have higher premiums than term life policies. Life insurance tends to get more expensive as you age and potentially develop health problems, so the earlier you buy a policy, the less expensive it should be.

How Do I Select the Best Pennsylvania Life Insurance Policy for My Needs?

You can determine which life insurance policy is right for you by deciding on the type of policy and the amount of coverage you require. Add up your debt and estimate the amount you need to take care of this, along with your funeral expenses and other obligations.

Once you have an idea of what you need, start to compare policies and rates. Choose a similar plan from several reputable companies to figure out which one offers the best value. You want a life insurance plan that pays out the death benefits your loved ones require, while also fitting into your budget.

Top 5 Best Life Insurance Companies in Pennsylvania Comparison Summary

Haven

  • Premium cost: Slightly above average. An example cost is $90 per month for a $1 million, 20-year term life policy.

  • Policy type available: Term life insurance

  • Mobile access: Yes

Bestow

  • Premium cost: Affordable, below average rates. An example cost is $76 per month for a $1 million, 20-year term life policy.

  • Policy type available: Term life insurance

  • Mobile access: Yes

Policygenius

  • Premium cost: Wide range of options. An example cost is $23 per month for a 20-year, $500,000 policy.

  • Policy type available: Permanent and term life insurance

  • Mobile access: Yes. Mobile access for your policy depends on insurer.

Sproutt

  • Premium cost: Monthly premium costs vary from as little as $10 to more than $90.

  • Policy type available: Permanent and term life insurance

  • Mobile access: Yes. Mobile access for your policy depends on insurer.

Fabric

  • Premium cost: Costs are above average. An example cost is $16.75 per month for a $250,000, 10-year term life policy.

  • Policy type available: Term life insurance and accidental death insurance

  • Mobile access: Yes

Final Thoughts on Choosing the Best Life Insurance Policy

The most important part of buying the best life insurance policy is to take the time to figure out your exact needs. Add up debts, estimate funeral costs, and calculate what you wish to leave behind for your family or other beneficiaries. Decide if you will undergo a medical exam or would prefer a policy where it isn’t required. Additionally, you must calculate how much you can comfortably afford for your monthly premium.

After you have these figures in mind, start to get quotes from at least three different life insurance companies. Compare the price for the level of coverage. Browse available riders and add-ons that allow you to customize your coverage. Taking the time to do your research when selecting a policy is the best way to ensure you choose the right one for you.