At Everyday Life Insurance, your life insurance homework is done for you. We work with a carefully vetted selection of top-rated carriers, each chosen for financial strength, product quality, and value for everyday families. We only allow the very best insurance companies onto our platform. These are the companies we use to protect our loved ones.
This guide breaks down the best life insurance plans available in 2026, organized by plan type: term life and whole life.
Quick tip: Not sure which type of policy is right for you? Term life is typically well-suited for individuals who have specific financial obligations or needs for a limited duration. Whole life is designed for permanent coverage or building cash value over time. Learn more about whole life vs term life.
Best term life insurance plans of 2026
Term life insurance provides coverage for a set period (typically 10, 15, 20, or 30 years). If you pass away during that term, your beneficiaries receive the death benefit. It’s the most affordable type of life insurance and the most popular choice for families looking to replace income, pay off a mortgage, or cover major financial obligations.
Banner Life Insurance
Banner Life, established through predecessor companies in 1949, offers term and universal life insurance in 49 states and Washington, D.C. (Residents of New York are served by its subsidiary, William Penn Life Insurance Company of New York.)
Banner Life is known for competitive term life rates and strong financial backing. It’s a solid choice for individuals seeking higher coverage amounts with transparent, straightforward pricing.
TruStage: Term Life Insurance
Built on 80 years of experience protecting over 20 million members, TruStage™ offers a simple, affordable term life option that delivers instant decisions and straightforward coverage.
Features:
- Coverage from $5,000 to $300,000
- Available to applicants ages 18 to 69
- No medical exam required
- Instant approval decision
- Guaranteed renewable until age 80
- 30-day money-back guarantee
- Premiums increase at each five-year age band (e.g., 25, 30, 35, 40…)
TruStage™ is ideal for those who want a fast, low-barrier entry into life insurance coverage. The lower coverage ceiling makes it especially well-suited for individuals with more modest protection needs, or those supplementing an existing policy. Policies are issued by CMFG Life Insurance Company and MEMBERS Life Insurance Company, both rated A (Excellent) by A.M. Best and A+ by S&P Global.
Assurity Life Insurance: Term Life
Founded in 1890 and operating as a mutual company, Assurity is owned by and accountable to its policyholders, meaning decisions are made with customers in mind, not shareholders. Rated A- by A.M. Best and A+ by the Better Business Bureau, Assurity is a highly respected name in the industry.
For those seeking term life coverage, Assurity offers competitively priced plans designed to provide straightforward income protection for the people who depend on you. Their policies are backed by over a century of financial stability and a genuine commitment to putting policyholders first.
Fidelity Life: RAPIDecision Life
Fidelity Life has been protecting families since 1896, and their RAPIDecision® Life policy brings that legacy into the modern era with a fast, no-hassle application process.
Features:
- 10, 15, 20, and 30-year term options available
- Coverage from $50,000 up to $2 million
- Available to applicants ages 18 to 65
- No medical exam required
- Approval decision in as little as 24 to 48 hours
- Renewable term coverage up to age 95
- Option to pursue full medical underwriting within the first six months to potentially qualify for better rates
This plan is a strong fit for working adults who want meaningful coverage quickly and without the burden of a medical exam. The option to later pursue full underwriting is a notable feature, it gives applicants a path to potentially lower premiums down the road if their health profile qualifies.
Best whole life insurance plans of 2026
Whole life insurance provides permanent protection. This type of coverage doesn’t expire as long as premiums are paid. It also builds cash value over time, which can be borrowed against or used in retirement. Whole life is commonly used for final expense planning, estate planning, and more.
TruStage: Advantage Whole Life Insurance
TruStage’s Advantage Whole Life plan is a versatile permanent coverage option with a wide age range and a locked-in rate. It’s a great choice for adults at many stages of life.
Features:
- Coverage from $5,000 to $100,000
- Available to applicants ages 18 to 85
- No medical exam required
- Instant approval decision
- Rate is locked in at purchase and never increases
- Permanent coverage — never expires
- 30-day money-back guarantee
- Policy becomes active 30 days after approval
With coverage available from early adulthood all the way through age 85, and a top coverage limit of $100,000, this plan bridges the gap between final expense policies and larger protection needs. The locked-in rate is especially valuable for younger applicants locking in low premiums for life.
TruStage: Guaranteed Acceptance Whole Life Insurance
For those 45 and older who want a guaranteed path to life insurance coverage (regardless of health history) TruStage’s Guaranteed Acceptance Whole Life plan offers a simple, accessible option.
Features:
- Coverage from $2,000 to $20,000
- Available to applicants ages 45 to 80
- No applicant turned down for any health reason
- No medical exam required
- Cash benefits never decrease
- Lifetime coverage at a locked-in rate
- Policy becomes active immediately upon first payment
- 30-day money-back guarantee
This plan is one of the most accessible on the market for seniors with pre-existing health conditions. The immediate policy activation is a notable plus, coverage starts from the moment your first payment is processed, with no waiting period beyond the graded benefit structure in the first two years.
Assurity Life Insurance: Whole Life
Like was mentioned above, Assurity is owned by and accountable to its policyholders, meaning decisions are made with customers in mind, not shareholders. Rated A- by A.M. Best and A+ by the Better Business Bureau, Assurity is a highly respected name in the industry.
For those seeking permanent coverage, Assurity offers whole life plans designed to provide lifelong protection and long-term peace of mind. Their policies are backed by over a century of financial stability and a genuine commitment to putting policyholders first.
Fidelity Life: RAPIDecision Simplified Issue Final Expense Whole Life
For adults between the ages of 50 and 85 who want straightforward final expense coverage, this Fidelity Life plan offers guaranteed, permanent protection with no medical exam required.
Features:
- Coverage from $5,000 to $35,000
- Available to applicants ages 50 to 85
- Guaranteed level premiums, your rate never increases
- Guaranteed face amount, your benefit never decreases
- Builds cash value over time
- No graded period, coverage begins immediately
- Policy matures at age 121
The “no graded period” feature is a meaningful differentiator: unlike some final expense policies that limit payouts in the first two or three years, this plan provides full coverage from day one.
Fidelity Life: RAPIDecision Guaranteed Issue Graded Benefit Whole Life
For those who may have difficulty qualifying for traditional life insurance due to health conditions, Fidelity Life’s guaranteed issue policy offers a reliable safety net: no health questions, no medical exam, no possibility of being turned down.
Features:
- Coverage from $5,000 to $25,000
- Available to applicants ages 50 to 85
- Guaranteed acceptance, no health questions asked
- Guaranteed level premiums for life
- Builds cash value over time
- Graded death benefit in years 1–3; full coverage begins in year 4
This plan is designed specifically for individuals who have been declined for other coverage or who have serious health conditions. The graded benefit structure means the full death benefit kicks in fully after three years, an important detail to keep in mind when considering this option for loved ones.
How to choose the right plan
With so many good options, the best plan is the one that fits your life. Here are a few questions to help guide your decision:
- How long do I need coverage
- How much coverage do I need?
- Do I have serious health concerns?
- What’s my budget?
Try our Online Life Insurance Calculator
What’s the best and fastest way to find the right life insurance plan for you? Through our expert-created life insurance calculator.Whether you have never had a life insurance policy or are reevaluating your options, we encourage you to try our online calculator. It’s free, totally anonymous, and doesn’t even require an email address. See what offers are available to you today.
