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2024

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Best Life Insurance Companies in Philadelphia, PA

Our Recommended Top 18

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Philadelphia Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

64116Reviewed

38476Curated

18Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1636 South Front Street, Philadelphia, PA 19148
WebsiteLicense: 542005
Website

Expertise.com Rating

Review Sources

Google
4.6 (70)

Why choose this provider?

Ferullo Insurance Agencies has been providing life insurance solutions to clients in Philadelphia since 1990. The business is headed by John Ferullo and provides various types of life insurance coverage, including term, unit-linked, participating, and non-participating plans. It also provides renters, homeowners', and auto insurance, in addition to commercial auto and business insurance. Ferullo Insurance Agencies also actively participates in community causes, including The Purrrfect Companion and Philabundance food drives. Furthermore, it has partnered with concierge services, such as Campli Photography and Bell Beverage.

  • Life Insurance

Philadelphia, PA
WebsiteLicense: 372004

Expertise.com Rating

Review Sources

Google
4.4 (29)
Facebook
5.0 (22)

Why choose this provider?

Philadelphia Life and Health Inc. is a local insurance broker helping clients financially prepare and protect their loved ones from unforeseen events. It offers a variety of health and life insurance plans for individuals, families, employees, and small businesses. Whether it's shopping for Medicare, Obamacare alternatives, dental, vision, or retirement policies, its staff is prepared to provide assistance and simplify the process for its customers. Philadelphia Life and Health represents insurance providers such as Aetna, Humana, AmeriHealth, Cigna, UnitedHealthcare, and AARP.

  • Life Insurance
  • Health Insurance

7214 Frankford Ave, Philadelphia, PA 19135
WebsiteLicense: 58699

Expertise.com Rating

Review Sources

Google
4.9 (50)

Why choose this provider?

America Insurance Agency is an independent insurance provider serving Philadelphia and the surrounding communities. The agency offers insurance policies for life, valuable possessions, flood, off-road vehicles, and secondary homes. It also provides a general liability policy for small business owners, which covers costs related to customer injury, libel and slander claims, and customer property damage. The company is a Trusted Choice Independent agency and a member of Insurance Agents & Brokers. America Insurance Agency also supports the Make-A-Wish Foundation.

  • Life Insurance
  • Health Insurance

1515 Market Street Suite 1040, Philadelphia, PA 19102
WebsiteLicense: 803114

Expertise.com Rating

Review Sources

Google
4.7 (31)

Why choose this provider?

Michael Melle provides insurance products and services to clients in Philadelphia and the surrounding communities. With over 18 years of experience in the field, the insurance broker assists with protection plans, such as life insurance, medicare supplements, long-term care insurance, and wellness products. He is also available for individual and family health insurance, Medicare advantage plans, critical illness insurance, and small business health insurance. Michael Melle is licensed in Pennsylvania, New Jersey, Texas, Florida, and Ohio.

  • Life Insurance
  • Health Insurance

110 Phoenixville Pike Suite 101, Malvern, PA 19355

Expertise.com Rating

Review Sources

Facebook
3.7 (59)
Yelp
3.0 (22)

Why choose this provider?

Westtown Insurance Group is a local family-owned agency with many years of experience helping individuals and businesses in the Philadelphia metro area manage risk by arranging policies that offer comprehensive security at competitive prices. An independent agency, it compares the life insurance products of several A-rated carriers to find the best coverage. Its term life policies can be taken over five to 30 years, while its permanent life policies provide protection throughout the policyholder's life.

Pier 3 3 N. Columbus Boulevard 4th Floor, Philadelphia, PA 19106
WebsiteLicense: 59629

Expertise.com Rating

Why choose this provider?

Safe Harbor Financial, Inc., is an independently owned insurance company based in Philadelphia. It serves the metro and its neighboring areas. Since 1986, its team has been helping clients find a life insurance policy that matches their legacy or estate goals. The insurance professionals also offer annuity services, which involve income rider comparison and product breakdown procedures. Safe Harbor Financial is a full-service marketing organization representing more than 25 carriers, like American National, Nationwide, and Oceanview.

  • Life Insurance

140 W Eagle Rd, Havertown, PA 19083

Expertise.com Rating

Review Sources

Yelp
5.0 (5)

Why choose this provider?

Peterson Insurance Services is a life insurance agency near Philadelphia that's been serving the surrounding communities since 1998. The licensed agents explain the different options to clients and help them choose a policy that can offer financial support for their family in the future. Peterson Insurance Services works with several trusted carriers, including MetLife, American Modern, Erie Insurance, and Grange Insurance. The agency also offers auto, home, and business coverage.

219 S Easton Rd Ste 1, Glenside, PA 19038

Expertise.com Rating

Review Sources

Yelp
4.0 (22)
Facebook
5.0 (11)

Why choose this provider?

Moore Insurance Group LLC is an independent insurance agency near Philadelphia that works with individuals and businesses throughout the area. Founded in 2003, it provides term, universal, and whole life insurance policies. The licensed agents help clients choose the best option for their families. It also offers final expense policies as an alternative to traditional life insurance. Other coverage options include long-term care and individual disability policies. Moore Insurance Group LLC has relationships with several carriers, including Erie Insurance and Progressive.

339 N Route 73 Ste 9, Berlin, NJ 08009

Expertise.com Rating

Review Sources

Facebook
5.0 (67)

Why choose this provider?

Insured by Steph LLC is a small insurance agency that offers a wide range of policies for individuals and businesses in Philadelphia and the surrounding counties. It's linked up with some of the bigger insurance companies, such as Progressive and Plymouth Rock, to provide its clients with a choice of life and health insurance products, managing risks as diverse as meeting mortgage payments during a long illness and paying for a child's education.

7100 Cresheim Rd, Philadelphia, PA 19119
WebsiteLicense: 57079

Expertise.com Rating

Review Sources

Google
5.0 (6)
Facebook
5.0 (6)
Yelp
4.5 (2)

Why choose this provider?

The Miles Insurance Agency offers products to clients in Philadelphia and the surrounding communities. It provides various life insurance policies for its clients’ needs. It offers protection to homeowners and renters by providing home insurance to guard a property, the possessions within the structure, and its owner’s liability. The company offers liability coverage and products to protect businesses. It also provides auto insurance. The firm was established by Leroy Miles Jr. in February 1996.

  • Life Insurance
  • Individual Plans

754 Nazareth Pike, Philadelphia, PA 18064
WebsiteLicense: 354039

Expertise.com Rating

Review Sources

Google
4.8 (43)
Facebook
5.0 (1)

Why choose this provider?

Wolf Insurance Agency has been offering life insurance policies to residents of Philadelphia, Easton, Bethlehem, Allentown, and the surrounding areas for more than 30 years. It offers several life insurance options such as universal life, term life, whole life, and annuities. It also offers auto, homeowners, and business insurance products. Clients can also take advantage of personal umbrella policies to gain extra coverage beyond usual insurance coverages. Additionally, they can choose from over 15 different insurance carriers partnered with Wolf Insurance Agency.

  • Life Insurance

1879 Cottman Ave, Philadelphia, PA 19111

Expertise.com Rating

Review Sources

Google
4.7 (78)
Facebook
5.0 (18)
Yelp
5.0 (4)

Why choose this provider?

Terra Insurance Services is a life insurance company in Philadelphia that serves as an independent agency for dozens of national insurers. It concentrates primarily on selling three types of life insurance: whole life, universal life, and term life, and its agents are specially trained to help clients make smart decisions when buying insurance. In addition, Terra Insurance Services offers individual health insurance plans. Other insurance products available include home and condo, flood, motorcycle, auto, and business insurance.

248 Geiger Road # 107, Philadelphia, PA 19115
WebsiteLicense: 63946

Expertise.com Rating

Why choose this provider?

Mackley Insurance Inc. is a Philadelphia-based brokerage that offers risk management products and services to clients in the area. The family-owned company has been in business since 1999 and carries offerings from providers such as Travelers, Progressive, and Foremost. It writes whole life and term life policies that protect against unexpected death, final expenses, accidents, and unsettled short-term financial obligations. Mackley Insurance also crafts plans that cover canceled weddings, classic cars, and pet health.

  • Life Insurance
  • Health Insurance

403 New Jersey 70, Cherry Hill, NJ 08034

Expertise.com Rating

Review Sources

Google
4.9 (58)
Facebook
5.0 (45)
Yelp
1.0 (2)

Why choose this provider?

ABCO Insurance Agency is a risk management specialist that serves Philadelphia residents. Its team of independent agents, who have access to policy options from more than 25 carriers, assists clients in several areas, including life insurance which covers short-term debts and losses in case income issues arise. Plymouth Rock, Progressive, The Hartford, and MetLife are some of the companies they work with. ABCO Insurance Agency has been providing insurance brokerage services for more than 40 years.

  • Life Insurance

2704 Street Rd, Bensalem, PA 19020

Expertise.com Rating

Review Sources

Facebook
4.9 (101)
Yelp
5.0 (2)

Why choose this provider?

Founded at the start of the millennium, Gannon Insurance Agency Inc. is an independent agency serving personal and business clients throughout Pennsylvania and New Jersey. Its services for personal clients include arranging individual life insurance that covers needs as diverse as final expenses and generating a retirement income. It also arranges policies that cover the costs of major commitments, such as mortgages, should the holder suffer a long-term disability, and policies that supplement the shortfalls in Medicare.

8919 Ridge Ave Ste 10, Philadelphia, PA 19128
WebsiteLicense: 365660

Expertise.com Rating

Review Sources

Google
5.0 (84)
Facebook
5.0 (7)

Why choose this provider?

The Definis Agency serves clients in Philadelphia. The company helps individuals shop for policies to protect their loved ones and assets from unexpected events. It offers life, auto, homeowner, health, pet, and business insurance. Its team members are prepared to make the application process simple for its clients. They have access to various providers, which helps them find products for the needs of their customers. The Definis Agency represents carriers such as Allstate, Westfield, AIC, and Progressive.

  • Life Insurance

644 Germantown Pike Ste 3A, Lafayette Hill, PA 19444

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

The Stolzer Insurance Agency LLC is a life insurance company near Philadelphia that works with clients throughout the area. Its licensed and experienced policy specialists help customers find the right policy to fit their needs, answer questions about claims, and handle billing inquiries. The agency provides quotes for term and whole life insurance policies. It also offers several other products, including auto, home, recreational vehicle, motorcycle, and vacant property insurance.

521 N. 22nd St., Philadelphia, PA 19130
WebsiteLicense: 356415

Expertise.com Rating

Review Sources

Google
4.9 (72)
Yelp
5.0 (1)

Why choose this provider?

Eckroth Insurance Group, LLC, serves individuals and businesses in the Philadelphia area. People can get life insurance to protect their loved ones financially. The firm provides compensation for funeral costs, debts, and future expenses like tuition. Clients can also get insurance for their homes and autos, along with commercial insurance to cover vehicle fleets, worker compensation claims, and professional liability suits. Its team has more than 20 years of experience in the insurance business.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Ferullo Insurance Agencies
1636 South Front Street, Philadelphia, PA 19148
Philadelphia Life and Health Inc
Philadelphia, PA
America Insurance Agency
7214 Frankford Ave, Philadelphia, PA 19135
Michael Melle Insurance Group
1515 Market Street Suite 1040, Philadelphia, PA 19102
Westtown Insurance Group
110 Phoenixville Pike Suite 101, Malvern, PA 19355
Safe Harbor Financial, Inc.
Pier 3 3 N. Columbus Boulevard 4th Floor, Philadelphia, PA 19106
Peterson Insurance Services
140 W Eagle Rd, Havertown, PA 19083
Moore Insurance Group LLC
219 S Easton Rd Ste 1, Glenside, PA 19038
Insured by Steph
339 N Route 73 Ste 9, Berlin, NJ 08009
The Miles Insurance Agency
7100 Cresheim Rd, Philadelphia, PA 19119
Wolf Insurance Agency
754 Nazareth Pike, Philadelphia, PA 18064
Terra Insurance Services
1879 Cottman Ave, Philadelphia, PA 19111
Mackley Insurance Inc.
248 Geiger Road # 107, Philadelphia, PA 19115
Abco Insurance Agency
403 New Jersey 70, Cherry Hill, NJ 08034
Gannon Insurance Agency, Inc.
2704 Street Rd, Bensalem, PA 19020
The Definis Agency
8919 Ridge Ave Ste 10, Philadelphia, PA 19128
The Stolzer Insurance Agency LLC
644 Germantown Pike Ste 3A, Lafayette Hill, PA 19444
Eckroth Insurance Group, LLC
521 N. 22nd St., Philadelphia, PA 19130

FAQs

  • Who should a Philadelphia single parent name as the beneficiary of their life insurance policy?

    Single parents in Philadelphia should name their child as the beneficiary of their life insurance. If the child is still a minor at the time, a guardian must be appointed to manage the insurance funds until the child turns 18 years old. If they choose not to appoint a guardian, they should name their living trust or estate as the beneficiary and specify how the insurance proceeds are to be used.

  • When is the death benefit from a whole life insurance policy in Philadelphia taxable?

    If you receive your Philadelphia whole life insurance payout in installments, the death benefit is taxable. Estate taxes apply if the estate's value exceeds the tax threshold. In addition, if you use the policy's cash value, sell your insurance to a third party, or receive a refund from the insurer, you may be required to pay income taxes.

  • Can cancer be covered by life insurance in Philadelphia?

    Yes, your dependents are entitled to your death benefit if you purchased life insurance prior to receiving a cancer diagnosis or if you have an all-cause policy and die as a result of cancer. After being diagnosed with cancer, obtaining life insurance becomes more difficult and may change the type of policy you are eligible for. Even if they are unable to obtain standard insurance, cancer patients may be eligible for no medical exam life insurance.

  • What does the term face value mean in a life insurance policy in Philadelphia?

    The term face value in Philadelphia refers to the amount of money that the beneficiaries of a life insurance policy will receive from the insurance provider if the policyholder dies. It may also be called the face amount, coverage amount, or death benefit. Face value and cash value are not the same thing.

  • Who will receive the death benefit if the named beneficiary of your Philadelphia life insurance policy is a company that no longer exists?

    If you designated a company as the beneficiary of the life insurance you purchased in Philadelphia, but the company no longer exists by the time you die, your death benefit will be paid to your estate, which will be probated. The second possibility is that the funds are claimed by another organization that has replaced the recipient you specified.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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