Best Life Insurance Companies Work Now In USA
Best Life Insurance Companies Work Now In USA
When it comes to finding the right life insurance coverage, the options can feel overwhelming. With so many companies vying for your attention, it can be difficult to determine which one will offer you the best protection for you and your loved ones. We understand that making this decision is an important one.
Best insurance companies to work for in the USA
1. Liberty Mutual
Liberty Mutual
Holdings Company Inc. is the best life
insurance company in the fourth-largest property and casualty insurer in the
US and sixth globally in terms of written premiums. Its portfolio of insurance
products includes:
- Personal and commercial auto
insurance
- Homeowners’ insurance
- Commercial property
insurance
- Workers’ compensation
- General liability
insurance
- Multiple-peril commercial
insurance
- Specialty lines
- Surety
Liberty Mutual
unveiled its multi-year diversity, equity, and inclusion (DE&I) plan for
employees in 2019. This serves as the company’s blueprint for increasing the
representation of women and people of color at all levels of
its businesses across the US.
When the COVID-19
pandemic struck a year later, an annual survey revealed that an astounding 92%
of the mutual insurer’s overall workforce reported being “extremely satisfied”
with the company as a place to work, rising from 85% in the previous year. This earned Liberty Mutual
among the best life insurance companies in usa “Best Workplaces in Financial
Services & Insurance” and “Best Workplaces for Parents” by Great Places to
Work.
It was also in 2020
that Liberty Mutual launched its first-ever Global Employee Experience function
designed to take a more “holistic, inclusive, and data-driven approach”
to understanding what matters the most
to its workers and collaborating with them to create
exceptional experiences.
Liberty Mutual
has also been named a Best Employer for Diversity and Best Employer for New
Graduates by Forbes for providing ample opportunities for career growth for all
employees. It has likewise been consistently included in several annual “Best Insurance Companies to Work For” awards and has scored a perfect 100 on the corporate equality index – a benchmarking survey
that measures corporate policies and practices related to LGBTQ+ workplace
equality – for five consecutive years.
2. Progressive
Insurance
The
Progressive Group of Insurance Companies ranks third among the US’ largest auto
insurers, underwriting more than 13 million policies annually. It is also the best
life insurance companies in usa motorcycle and specialty RV insurer in the
nation and writes commercial auto policies and several personal lines risks,
including homeowners’ insurance.
Progressive
places great importance on allowing employees to express their true selves and
bring their strengths to work, making it among the best insurance companies to
work for. The insurer also holds all employees accountable for sticking to its
five core values – excellence, integrity, golden rule, objectives, and
profit.
Progressive
offers excellent benefits, including access to financial wellbeing programs,
which provide the following:
- 401(k)
retirement plans
- Tuition
assistance
- Fair base
pay
- Annual bonus
program
Company
benefits also include:
- Health, vision,
and dental care
- Health savings
accounts
- Mental health
support
- Access to
fitness centers
- Maternity
support
Progressive
placed 51st in Fortune’s 100 Best Companies to Work For and 65th in the 100
Best Large Workplaces for Millennials in 2022.
3. USAA
USAA is
the leading provider of insurance and other financial services to members of
the US military, veterans, and their families, consistently ranking at the top best
life insurance companies in usa of several customer satisfaction surveys.
But
apart from providing excellent customer experience, USAA is one of the best
insurance companies to work for in the country, giving employees and their families a
range of benefits, including:
- Medical and dental insurance coverage
- Retirement
savings plans
- Paid time
off
- Rewards and
recognition programs
- Access to
fitness centers and personal trainers
- College
admission assistance
- Ongoing training
programs
USAA
ranked 87th in the 2021 edition of Fortune’s 100 Best Companies to Work For,
the last time it was included.
4. Nationwide
A
Fortune 100 firm, Nationwide Mutual Insurance Company offers a full suite of
insurance products to clients across best life insurance companies in US,
including:
- Car
insurance
- Commercial
Insurance
- Homeowners’
insurance
- Life insurance
- Motorcycle
Insurance
- Pet
insurance
Nationwide’s
commitment to DE&I is reflected in how the insurance giant operates its
business. It requires partners to show a “commitment to creating opportunities
that promote supplier diversity.”
In
addition, thousands of Nationwide employees participate in resource groups and
unit councils each year, with the goal of fostering inclusion and improving
business outcomes. The company also hosts events to celebrate the heritage of
its employees educate workers about diverse experiences and find ways to
become diversity and inclusion allies.
The
Nationwide Foundation, the insurer’s charity arm,
is spearheading an initiative that allows associates to give a “matching gift”
from the foundation to select non-profits focusing on economic empowerment and
social equity. Nationwide leads all insurers in the best life insurance
companies in the USA's latest Fortune 100 Best Companies to Work For, and holds the
21st spot.
5. American Fidelity
Assurance
American
Fidelity Assurance Company secured the 53rd spot on the Fortune 100 Best
Companies to Work For in 2021, thanks to its efforts to support employees at
the height of the pandemic. Most recently, it was named among the top best life
insurance companies in US workplaces for IT by several industry
experts.
American
Fidelity provides supplemental benefits to its more than one million
policyholders, consisting mostly of employers in the public, automotive,
healthcare, and education sectors. Among the products and services the company
offers are:
- Supplemental
Insurance
- Stop-loss
insurance for self-funded plans
- Affordable Care
Act (ACA) consulting
- Patient
protection
- Online benefits
enrollment software
- Reimbursement
accounts and administration
Section 125 Plan
administration
6. Farmers Insurance
One of
the country’s biggest providers of car, home, and small business insurance is
also the best life insurance companies in usa among the insurance companies to work
for, placing 89th in the Fortune 100’s latest rankings.
Farmers
Insurance Group prioritizes taking care of its employees and has implemented
various strategies to provide support for its workers. One of these initiatives
is the Farmers Family Fund, which allows the insurer to immediately respond
when employees encounter financial hardship. Since its inception in 2012, the
scheme has provided over $2.5 million in grants to employees in
need.
Farmers
Insurance also shows its commitment to inclusion and
diversity by sponsoring different employee groups,
including:
- Farmers
Pride
- Women’s Inclusion Network
- Veterans & Advocates
- Farmers Asian Alliance
- Somos Farmers
- Black
Professionals Alliance
- Disability
Inclusion Group
- Farmers
Future
- FarmersFit
- Parent
Connect
Farmers
Insurance also got a perfect
score on the latest Corporate Equality Index from the Human
Rights Campaign Foundation and one of the best
insurance commercials of all time.
7. Mutual of Omaha
Mutual
of Omaha is a Fortune 500 mutual insurer offering a range of life and health
policies. These include the best life insurance companies in the USA.
- Life
insurance
- Group health
insurance
- Long-term
care insurance
- Medicare
supplement
- Annuities
The
mutual insurer has various ongoing D&I
initiatives, including:
- Diversity & Inclusion Action Group (DIAG): Consists of
Mutual of Omaha leaders who provide focus and direction for the insurer’s
DE&I programs.
- Advocacy and Advisory Council: Made up of
associates from the company’s different units who are tasked to recommend
opportunities for implementing DE&I strategies.
- Mutually Connected: A compulsory
culture-shaping workshop exploring concepts and values that support
DE&I.
- Mutually Inclusive: The mutual
insurer’s flagship program is designed to reinforce concepts that “bridge
connections across differences,” including anti-racism, allyship, and
identity.
8. Allianz Life
Allianz
Life Insurance Company of North America has been a constant fixture of Fortune’s
list for the past decade, placing number 77 in the latest edition. The company
is a subsidiary of the global insurance giant Allianz SE and offers a range of
retirement products, including individual life insurance plans and
annuities.
Allianz
Life’s LinkedIn profile states that it provides employees with a “creative,
collaborative working environment with ongoing career development
opportunities.” The best life insurance companies in USA specialist life
insurer also offer a competitive compensation and benefits package, which
includes:
- Tuition
reimbursement
- Employee stock
purchase plans
- Retirement
savings plan
9. Lemonade
Lemonade
is the only insurance firm on our list of the best insurance companies to work
for. Apart from being among the drivers of digital transformation in the
industry, the tech startup is the best life insurance company in the USA a public
benefit company, and a Certified B Corporation.
Lemonade
operates an annual giveback program, where it donates unused premiums to
various charitable organizations chosen by its members. Since 2017, the
insurance firm has given back about $6.2 million to various non-profits across
the country. Most recently, it has donated $1.9 million worth of unused
premiums to different charities,
including:
- Charity: Water: Received
$134,909 to support water projects in Mali
- Direct Relief: Received
$133,955 to provide emergency medical backpacks to Ukrainian
refugees
- 350.Org: Received
$118,443 for “climate justice” initiatives
Lemonade’s giveback program was
recognized as one of the “World Changing Ideas” by Fast Company. The firm has
also been included in the list of Best-Led Companies and Best Workplace in
America.
The
insurance company uses behavioral economics and AI to offer insurance policies
that are 100% digital, meaning every step – from providing quotes and
underwriting to claims processing and approval – is done through its mobile
app. Lemonade also charges a flat fee and boasts a “superfast” claims payment
process. It once famously granted a claim in three seconds by
using chatbots.
10. PURE Insurance
PURE
Insurance is a policyholder-owned insurance company committed to assisting
individuals and families by offering a range of personal coverages,
including:
- Auto
insurance
- Home
Insurance
- Cyber and fraud
insurance
- Jewelry
insurance
- Art and collectible
insurance
PURE,
which stands for Privilege Underwriters Reciprocal Exchange, caters to
high-net-worth people who need assistance in protecting their assets. The
insurer offers a transparent view of its processes, the best life insurance
companies in the USA allowing policyholders to know exactly where their money is
going and how their accounts are being managed.
Among
PURE Insurance’s recent accolades are being included in the list of Best
Workplaces in Financial Services and Insurance, Best High Net Worth Insurance
Company, and Best Insurance Underwriter.
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