10 Best Term Life Insurance Companies of 2026
Protect Your Family with Flexible Terms & Riders
- Best for adults 20 to 60
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Term Life policy starting around $8 a month
Best for flexible term policies & living benefits
- Term Life Insurance up to $10M+
- Apply 100% Online or with the Help of an Agent
Best for comprehensive coverage and financial planning
- Income tax-free death benefit
- Convert some policies to long-term protection
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100% Online Process From Start to Finish For Coverage Up to $3M.
- Secure identity check for instant decisions; have your SSN at hand
- Flexible 10 to 30‑year terms, adjustable coverage, and no cancellation fee
Best for flexible term life with conversion options
- Strong financial rating
- Living/ accelerated death benefits
- Spouse protection
Save Time and Money by Shopping Multiple Carriers at Once
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Licensed agents provide guidance to help you choose the right policy
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Fast quotes available online or by phone — no pressure sales
Best for indexed universal life with cash value growth
- Tailored life insurance, annuities, and retirement solutions through SelectQuote
- Committed to environmental and social responsibility initiatives
Protect Your Family with Flexible Terms & Riders
- Best for adults 20 to 60
-
Term Life policy starting around $8 a month
Banner Life Insurance
About Banner Life Term Life Insurance:
Banner Life family of companies is one of the nation’s strongest life insurers, with more than 75 years of experience. They offer term life insurance through Banner Life Insurance Company and William Penn Life Insurance Company of New York, depending on your state. Their policies are built for real-life—simple, flexible, and affordable. Coverage starts at $100,000, with guaranteed level premiums and a tax-free death benefit. Optional riders and accelerated underwriting may also be available based on your health.
- Term Lengths
- 10, 15, 20, 25, 30, 35, or 40 years
- Coverage Amounts
- $100,000 – $10,000,000+
- Premium
- Locked-in rates for the full term
- Death Benefit
- Tax-free lump sum paid to beneficiaries
Cost and Affordability:
Policies can cost as little as $8 per month, depending on your age, health, term length, and coverage amount. Banner Life is consistently rated among the most affordable term life insurers for healthy individuals.
Eligibility & How to Apply:
U.S. residents ages 20 to 75 can apply online by requesting a personalized quote. Most applicants complete a brief health review, though some may skip the medical exam through accelerated underwriting. Once approved, coverage can begin immediately with your first payment.
You could get coverage starting at $8/mo*
Corebridge Direct Life Insurance
About Corebridge Term Life Insurance:
Corebridge Financial offers term life insurance through its Select-a-Term® product, providing customizable coverage with flexible term lengths ranging from 10 to 30 years. Policies are issued by American General Life Insurance Company (AGL) and The United States Life Insurance Company in the City of New York (US Life), depending on your state. Corebridge has over 160 years of experience in the insurance industry and manages more than $360 billion in assets, reinforcing its stability and financial strength. With an “A” rating from A.M. Best, the company is trusted by millions to help protect their families’ futures.
- Term Lengths
- 10, 15, 20, 25, 30, or 35 years
- Coverage Amounts
- $100,000 – $10,000,000+
- Premium
- Level premiums for the term; renewable annually up to age 95, though rates may rise after the initial term
- Convertibility
- Convert to permanent coverage anytime during your policy’s conversion window
- Death Benefit
- Tax-free lump sum paid to beneficiaries upon the insured's passing
Cost & Affordability:
Corebridge's term life insurance is competitively priced, with premiums that remain level for the initial term period. The cost varies based on factors such as age, health, term length, and coverage amount. After the initial term, policies can be renewed annually up to age 95, though premiums may increase.
Eligibility & How to Apply:
U.S. residents can apply for Corebridge term life insurance through Corebridge Direct, either online or by speaking with a licensed agent. The application process is streamlined, with underwriting decisions and policy delivery potentially occurring within 24-48 hours. Some applicants may qualify for coverage without a medical exam, depending on individual circumstances.
Apply today to protect your family tomorrow
SelectQuote Life Insurance
About Selectquote Life Insurance:
SelectQuote operates as a marketplace rather than an insurance company. Founded in 1985, it has nearly 40 years of experience helping consumers compare quotes from multiple carriers Its licensed agents work with a network of reputable insurers and can match your health and budget to the best‑suited term life policy. SelectQuote’s platform offers traditional term life coverage with guaranteed‑level premiums—your monthly cost stays the same throughout the term. Instant‑issue options are available for healthy applicants aged 20‑60, with coverage up to $5 million and no medical exam, approval can be as quick as less than an hour.
- Term Lengths
- 10, 15, 20, 25 or 30 years
- Coverage Amounts
- $250,000 to $5,000,000
- Premium
- Guaranteed‑level; premiums remain fixed for the full term. Monthly, quarterly, semi‑annual and annual payment options available.
- Death Benefit
- Lump‑sum benefit usually paid tax‑free to beneficiaries.
Cost and Affordability:
Term life policies through SelectQuote are competitively priced because the company compares quotes from multiple carriers. Average rates vary by age, health, term length and coverage amount. SelectQuote also offers same‑day coverage through its SwiftTerm Select program; healthy applicants aged 20‑60 can secure up to $5 million in coverage without a medical exam, with some policies costing less than $1/day.
Eligibility & How to Apply:
U.S. residents generally between 20 and 75 years old can request quotes; instant‑issue coverage is available for healthy applicants aged 20‑60selectquote.com. SelectQuote’s broad network of insurers includes options for individuals with pre‑existing conditionsselectquote.com, making it a good fit if you’ve been declined elsewhere.