What factors should I consider when selecting a life insurance company? There are two types of life insurance companies i.e. stock companies and mutual companies. Stock insurers are corporations owned by the shareholders of the corporation. Mutual insurers are owned by their policyowners who may receive a yearly dividend if one is declared by the company’s board of directors. Both stock insurers and mutual insurers offer suitable policies for purchase Some factors you may want to consider when selecting a company include the following:   The types of life insurance policies the company sells. The company's reputation for treating policyholders fairly (especially with respect to discretionary items such as the crediting of additional interest or dividends) Financial safety, The company’s history and experience in the life insurance industry. Insurance companies must be licensed almost every whre in the world to operate; however, the Insurance Department community does not rate the financial condition of insurance companies. There are private rating services that conduct financial analyses and grade insurance companies.
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