1281292 - 11759070 - 1

15 Best Term Life Insurance Companies Heading into 2024

Published on December 26, 2023 at 6:44 pm by Meerub Anjum in Business, Industries, Lists, News

In this article, we will look into the 15 best term life insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to 5 Best Term Life Insurance Companies Heading into 2024.

Term Life Insurance Industry: A Market Analysis

According to a report by Grand View Research, the global term life insurance market was worth $988.42 billion in 2022. The market is expected to grow at a CAGR of 8.7% over the forecasted period and reach $1.89 trillion in 2030. The growth is driven by multiple factors including the cost-effectiveness of term life plans, raising awareness, and availability of tailored and flexible term life insurance solutions. Moreover, varying demographics, growing insurance market trends, and a focus on financial security are key factors contributing to the market growth.

The market is growing rapidly, fueled by the growing trend of digital technology integration. Recent studies showed that consumers prefer to interact with insurers virtually, using online platforms. InsureTech is another trend in the market that provides a compelling opportunity for growth. InsureTech utilizes I0T, AI, and big data analytics to streamline operations, reduce costs, and promote competitive pricing for insurance products.

Segment-wise, the term life insurance market is dominated by individual-level term life insurance, accounting for over 75% share in 2022. Individual-level term life insurance is tailored according to the individual’s needs, providing cost-effective policies. The major driver of growth of the segment is the growing demand for tailored financial protection. Group-level term insurance is projected to grow substantially over the forecasted period. Within the distribution network, tied agents and branches held the largest share of over 52% in 2022, driven by their deep knowledge, customized service, and an established client relationship. Over the forecasted period, the brokers segment is poised to grow at a significant rate, driven by their transparency and comprehensive coverage.

Key Players in the Market

Some of the key players in the term life insurance market include Manulife Financial Corporation (NYSE:MFC), Aflac Incorporated (NYSE:AFL), and AXA SA (OTC:AXAHY).

Manulife Financial Corporation (NYSE:MFC) is one of the major life insurance companies in the US, providing both whole and term life insurance. On December 11, Manulife Financial Corporation (NYSE:MFC) announced that it had partnered with Global Atlantic for a reinsurance deal. The company has transferred $13 billion of reserves to Global Atlantic. This strategic move will free up $1.2 billion for share buybacks, which will have a positive impact on the group’s earnings.

Aflac Incorporated (NYSE:AFL) is one of the top insurance companies in the US. On December 14, the company along with its partner in pet insurance, Trupanion had decided to withdraw from the Japanese market and focus on the North American market instead. Both companies have launched a comprehensive range of pet medical insurance solutions that are available in the United States. Aflac Incorporated (NYSE:AFL) invested $200 million in Trupanion and its distribution alliance to provide pet insurance products and services to its customers in the US.

AXA SA (OTC:AXAHY) is a leading French multinational insurance company. On December 20, AXA SA (OTC:AXAHY) announced that it had made a strategic reinsurance deal. The French subsidiary of the company, AXA France Vie has entered into an agreement with AXA Réassurance Vie France, the reinsurance subsidiary. The agreement will proceed with AXA Réassurance Vie France covering €12 billion of savings reserves.

15 Best Term Life Insurance Companies Heading into 2024

Methodology

To compile our list of the best term life insurance companies heading into 2024, we sifted through multiple reports including Grand View Research, The Business Research Insights, and Verified Market Research. We identified public and private companies from these reports and ranked them in ascending order of their market cap as of December 22, 2023. For private companies, we used their annual revenue to rank them.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

15 Best Term Life Insurance Companies Heading into 2024

15. Manulife Financial Corporation (NYSE:MFC)

Market Cap as of December 22: $39.56 billion

Manulife Financial Corporation (NYSE:MFC) is one of the top insurance companies, offering a diverse range of insurance products and services including term life insurance, permanent life insurance, CoverMe life insurance, Term Life Vitality Plus, and Synergy life insurance. The company’s CoverMe term life insurance provides coverage of $100,000 to $1 million for a 10-year term. As of December 22, it boasts a market cap of $39.56 billion.

14. The Travelers Companies, Inc. (NYSE:TRV)

Market Cap as of December 22: $42.44 billion

The Travelers Companies, Inc. (NYSE:TRV) is a leading insurance company, headquartered in New York. The company offers a wide range of insurance services including P&C insurance, life insurance, auto insurance, and business insurance among others. As of December 22, The Travelers Companies, Inc. (NYSE:TRV) reports a market cap of $42.44 billion.

13. American International Group, Inc. (NYSE:AIG)

Market Cap as of December 22: $47.35 billion

American International Group, Inc. (NYSE:AIG) is ranked 13th on our list of the best term life insurance companies heading into 2024. The company offers travel insurance, life insurance, and retirement insurance solutions among others. The company offers a wide range of term life insurance solutions at affordable rates via AIG Direct. As of December 22, American International Group, Inc. (NYSE:AIG) boasts a market cap of $47.35 billion.

12. Aflac Incorporated (NYSE:AFL)

Market Cap as of December 22: $47.59 billion

Aflac Incorporated (NYSE:AFL) ranks 12th on our list. Headquartered in Georgia. The company specializes in employee benefits, broker relationships, PEO, life insurance, small business, and individual policies. Within its life insurance portfolio, the company offers both term and whole life insurance solutions customized as per the client’s needs. Its term life insurance plans include increasing term, decreasing term, fixed term, and annual renewable life insurance. The company boasts a clientele of over 50 million people and has a market cap of $47.59 billion.

11. Tokio Marine Holdings, Inc. (OTC:TKOMF)

Market Cap as of December 22: $48.54 billion

Tokio Marine Holdings, Inc. (OTC:TKOMY) is a leading Japanese insurance company that provides a comprehensive suite of insurance products and services. TM Term Assure (II) is a major term life insurance plan of the company that provides coverage against death, total and permanent disability, and terminal ailment. Tokio Marine Holdings, Inc. (OTC:TKOMY) is ranked 11th on our list and is valued at $48.54 billion, as of December 22.

10. MetLife, Inc. (NYSE:MET)

Market Cap as of December 22: $48.75 billion

MetLife, Inc. (NYSE:MET) is a major life insurance company in the US. It offers services including insurance, annuities, employee benefits, and asset management. The company offers basic, supplement, and dependent term life insurance coverage plans. MetLife, Inc. (NYSE:MET) is ranked among the best term life insurance companies heading into 2024 and is valued at $48.75 billion, as of December 22.

9. ING Groep N.V. (NYSE:ING)

Market Cap as of December 22: $50.56 billion

Rabnked 9th on our list, ING Groep N.V. (NYSE:ING) is a financial services company offering banking, asset management, and insurance services. The company offers a variety of life insurance products and services including term life, whole life, and variable universal life insurance at affordable rates. As of December 22, ING Groep N.V. (NYSE:ING) has a market cap of $50.56 billion.

8. Munich Re (OTC:MURGF)

Market Cap as of December 22: $56.95 billion

Munich Re Group (OTC:MURGF) is ranked among the best term life insurance companies. it offers a wide range of products and services including life insurance, cyber insurance, reinsurance, primary insurance, health insurance, and property insurance among others. The company offers a variety of term life insurance products and services. One of its products, SwiftTerm Select is a joint venture of the company along with SelectQuote, and Symetra, that offers instant issue term life insurance. As of December 22, Munich Re Group (OTC:MURGF) has a market cap of $56.95 billion.

7. AXA SA (OTC:AXAHY)

Market Cap as of December 22: $73.46 billion

AXA SA (OTC:AXAHY) ranks 7th on our list. It offers a variety of services including insurance, asset management, and banking. The group offers tailored term life insurance solutions that can also be combined with retirement provisions. Its affordable solutions position it as one of the best term life insurance companies in the market. As of December 22, AXA SA (OTC:AXAHY) reports a market cap of $72.49 billion.

6. Zurich Insurance Group AG (OTC:ZURVY)

Market Cap as of December 22: $75.45 billion

Zurich Insurance Group AG (OTC:ZURVY) is ranked among the best term life insurance companies heading into 2024. The company is a market leader in life insurance, risk insurance, marine solutions, travel insurance, auto insurance, and investment management. The group’s term life insurance product, Zurich Term offers death protection benefits, available in 10, 15, and 20-year durations. As of December 22, Zurich Insurance Group AG (OTC:ZURVY) boasts a market cap of $75.42 billion.

Click to continue reading and see 5 Best Term Life Insurance Companies Heading into 2024.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on May 16, 2026 at by Inan Dogan, PhD

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Insider Monkey Ads

Buy This $3 Stock Now Before the 400% Surge Begins

Published on May 15, 2026 at by Inan Dogan, PhD

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returns! Sign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on this $3 stock with 400% upside potential.
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

15 Best Term Life Insurance Companies Heading into 2024

Published on December 26, 2023 at 6:44 pm by Meerub Anjum in Business, Industries, Lists, News

Term Life Insurance Industry: A Market Analysis

Key Players in the Market

15 Best Term Life Insurance Companies Heading into 2024

15. Manulife Financial Corporation (NYSE:MFC)

14. The Travelers Companies, Inc. (NYSE:TRV)

13. American International Group, Inc. (NYSE:AIG)

12. Aflac Incorporated (NYSE:AFL)

11. Tokio Marine Holdings, Inc. (OTC:TKOMF)

10. MetLife, Inc. (NYSE:MET)

9. ING Groep N.V. (NYSE:ING)

8. Munich Re (OTC:MURGF)

7. AXA SA (OTC:AXAHY)

6. Zurich Insurance Group AG (OTC:ZURVY)

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on May 16, 2026 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

Buy This $3 Stock Now Before the 400% Surge Begins

Published on May 15, 2026 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

15 Best Term Life Insurance Companies Heading into 2024

Published on December 26, 2023 at 6:44 pm by Meerub Anjum in Business, Industries, Lists, News

Share

Term Life Insurance Industry: A Market Analysis

Key Players in the Market

15 Best Term Life Insurance Companies Heading into 2024

15. Manulife Financial Corporation (NYSE:MFC)

14. The Travelers Companies, Inc. (NYSE:TRV)

13. American International Group, Inc. (NYSE:AIG)

12. Aflac Incorporated (NYSE:AFL)

11. Tokio Marine Holdings, Inc. (OTC:TKOMF)

10. MetLife, Inc. (NYSE:MET)

9. ING Groep N.V. (NYSE:ING)

8. Munich Re (OTC:MURGF)

7. AXA SA (OTC:AXAHY)

6. Zurich Insurance Group AG (OTC:ZURVY)

Share

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on May 16, 2026 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

Buy This $3 Stock Now Before the 400% Surge Begins

Published on May 15, 2026 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up: