Which life insurance company has the largest market share in the USA?

Overall, New York Life has the largest market share in the country, with 6.75% of all life insurance policies. It’s also the most preferred insurer in several states, including California, Louisiana, New Mexico, Washington and Wyoming.

What is the number one life insurance company in the USA?

If you look at market share, New York Life tops the list. However, market share isn’t the only determining factor for which insurer is the best. MoneyGeek’s analysis, which considers affordability, user satisfaction and financial stability, points to State Farm. Transamerica offers the cheapest life insurance on average if cost is your priority.

Largest Life Insurance Companies in the USA by Market Share

About Mark Fitzpatrick

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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Largest Life Insurance Companies by Market Share: Which Is the Most Popular Among Consumers?

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