Top Life Insurance Company That Uses Independent Agents in 2024
Life insurance companies that use independent agents include the top life insurance companies, such as Encompass and Nationwide. Independent agents can compare coverages and rates from multiple companies to find the best fit for you. Keep in mind that agents may charge a commission that can increase your rates from life insurance companies that use independent agents.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Independent agents don’t work for just one insurance company and can compare multiple companies
- Captive agents work for just one insurance company
- Agents can charge a commission fee that can increase your rates
The best life insurance companies know that you need to compare companies to find the best coverage and rates for you.
Life insurance companies that use independent agents allow that comparison shopping to take place easily. Independent agents can compare many companies for you to find your best deal.
Shop around to find affordable life insurance companies that use independent agents. Each company will offer different rates and coverages, and an independent agent can sort them out for you.
Enter your ZIP code now to compare free quotes from life insurance companies that use independent agents in your area.
What life insurance companies use independent agents?
Shopping for life insurance can be very time-consuming. You want to find the coverage that fits your needs, but you want that coverage with the lowest rates out there.
Independent agents can make shopping for life insurance much easier. They can compare multiple companies for you and let you know which ones have the best deals for you.
Some of the best insurance companies for independent agents are:
- Encompass Insurance
- Erie Insurance
- Farmers Insurance
- Liberty Mutual
- MetLife Auto & Home
- Nationwide Insurance
- Progressive Insurance
- The Hanover Insurance Group
Most life insurance companies work with independent agents to offer coverage to everyone at great rates. This table gives you an idea of average rates from the top life insurance companies.
Average Life Insurance Rates for Non-Smokers
| Insurance Company | Average rates for a single 25-year-old female | Average rates for a single 25-year-old male | Average rates for a married 35-year-old female | Average rates for a married 35-year-old male | Average rates for a married 45-year-old female | Average rates for a married 45-year-old male | Average rates for a married 55-year-old female | Average rates for a married 55-year-old male | Average rates for a married 65-year-old female | Average rates for a married 65-year-old male |
|---|---|---|---|---|---|---|---|---|---|---|
| John Hancock | $172.50 | $178.30 | $178.30 | $189.80 | $241.50 | $292.10 | $407.10 | $533.60 | $937.30 | $1,380.00 |
| Lincoln National | $187.00 | $231.00 | $191.00 | $238.00 | $239.00 | $283.00 | $435.00 | $615.00 | $903.00 | $1,577.00 |
| MassMutual. | $132.00 | $147.00 | $137.00 | $151.00 | $209.00 | $230.00 | $373.00 | $451.00 | $763.00 | $1,049.00 |
| New York Life | $158 | $152 | $164 | $160 | $262 | $245 | $414 | $696 | $924 | $1,416 |
| Prudential Financial | $195.00 | $237.00 | $196.00 | $248.00 | $314.00 | $378.00 | $496.00 | $584.00 | $941.00 | $1,412.00 |
| State Farm | $143.00 | $164.00 | $166.00 | $175.00 | $238.00 | $239.00 | $341.00 | $396.00 | $684.00 | $955.00 |
| Transamerica | $164.00 | $176.00 | $161.00 | $171.00 | $229.00 | $255.00 | $453.00 | $527.00 | $1,139.00 | $1,367.00 |
When it comes to independent agents, insurance rates can be higher since most agents charge a commission. However, many times that commission is absorbed by the life insurance company.
Is there an independent life insurance agent near me? Yes, independent agents are everywhere. Keep in mind that the insurance offerings available will depend on the state that you live in.
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What is the difference between independent and captive agents?
Choosing independent vs. captive agents will depend on your specific needs.
As we’ve discussed, independent life insurance agents sell products from multiple companies. They compare these companies to find the best fit for each person.
Independent agents sell 49% of the life insurance products on the market, according to the Insurance Information Institute.
Captive insurance agents only represent one company and make up about 38% of life insurance sales.
While captive life insurance agents are very knowledgeable about the company they represent, they can’t compare other companies to see if there is a better deal out there.
Life Insurance Companies that Use Independent Agents: The Bottom Line
It’s rare to find life insurance companies that don’t use independent agents at least partially. Independent agents can compare multiple companies at once to find the perfect company for you.
Most life insurance companies use captive agents that only sell their coverage in addition to independent agents.
Comparison shopping is the best way to find the coverage you need with the lowest rates. Independent agents can do that shopping for you.
Enter your ZIP code now to compare rates from life insurance companies that use independent agents for free today.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.