Logo says World's Best Insurance Companies, Forbes, 2024, Powered by Statista

WoodmenLife Makes Forbes’ List of World’s Best Insurance Companies

Jul 29, 20247/29/2024

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It’s a lucky few who get to say they’re among the best in world. That’s what makes WoodmenLife’s inclusion on a list of the World’s Best Insurance Companies so special.

Forbes and Statista Inc., a statistics portal and industry-ranking provider, announced the prestigious honor in June. What makes the recognition even more notable is that our members had everything to do with it.

The Customer Is Always Right

To create the list, Forbes and Statista surveyed more than 45,000 consumers in 15 countries. WoodmenLife was among the top 145 insurance companies selected by respondents who have held a life insurance policy for more than three years.

Criteria for inclusion included how satisfied customers were and if they’d recommend their current provider to others. Respondents were also asked to rate overall customer service and company transparency. Companies were given a final score, and the highest scores made the list.

To qualify as one of the World’s Best Insurance Companies, an insurance provider had to achieve a minimum score of 70/100, receive a designated number of evaluations and rank among the top performers in its respective country.

One of the World’s Best Insurance Companies

“Being part of such an impressive listing of providers is an honor,” said WoodmenLife President & CEO Denise McCauley. “We’re proud that our members enjoy being part of the WoodmenLife family. ”

We’ve always taken customer satisfaction seriously. In fact, 98% of WoodmenLife members say they consider the service they receive from their Representative at the time of the sale to be “extremely” or “very” helpful, according to the 2023 LIMRA Customer Assurance Program survey.

In 2023, we were also included on the Forbes list of America’s Best Insurance Companies. Much like the list of the World’s Best Insurance Companies, it was created from survey responses by consumers on a range of factors like customer service, financial advice, price/performance ratio, transparency, and damage/benefit ratio.

It’s our goal to provide the service our members want. Every day, we make decisions in the best interest of their lifetime financial security, because their confidence in us matters. By looking ahead, we help protect their future and work to ensure that we’ll be there for them when we’re needed most.

Click here to see the complete Forbes listing of the World’s Best Insurance Companies.

Click here to learn more about WoodmenLife.

 

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We’ve been helping to protect the financial future of families like yours, making a difference in hometowns across America and honoring our country since 1890. As a not-for-profit life insurance company, we put money back into the community. We’re here when you need us most.

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Securities are offered through Woodmen Financial Services, Inc., 1700 Farnam Street, Omaha, NE 68102, member FINRA/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society (collectively “WoodmenLife”). Securities other than the WoodmenLife Variable Annuity are issued by companies that are not affiliated with Woodmen of the World Life Insurance Society.

Benefits are available to members. An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a WoodmenLife product. These fraternal benefits are not contractual, are subject to change and have specific eligibility requirements.

Some fraternal benefits include additional membership requirements including length of membership, number of qualifying members in household and/or a qualifying event.

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A+ Financial Rating

This company was issued a A+ (Superior) rating by the A.M. Best Company, click for additional details. WoodmenLife has been awarded a rating of A+ (Superior), the second highest ranking out of 15, for its financial strength and operating performance in 2022 by A.M. Best, an independent rating company that is nationally recognized for its objective reporting and rating of insurers.

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