Modern Woodmen of America, Rock Island, Illinois, made the list of The World's Best Life Insurance Companies 2024 according to Forbes.
The list was compiled by Forbes with the help of market research firm Statista. More than 45,000 people in 15 different countries were surveyed about their current insurance company. The survey assessed customers’ overall recommendations, general satisfaction and loyalty. Companies were also scored based on their advice, customer service, price-performance, transparency and damage/benefit service. The highest-scoring insurance companies in each category were awarded.
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.
A total of 145 companies in the world qualified. Of the more than 700 U.S. life insurers, only 40 made the Forbes list, and Modern Woodmen ranked No. 23. This achievement would not have been possible without Modern Woodmen’s financial representatives and the members and communities they serve across the nation.
“We’re honored to have made this list for the second year in a row,” says Modern Woodmen President and CEO Jerry Lyphout. “It shows our commitment to providing the best service and products for our members. We’re extremely grateful and humbled by our member’s faith in our organization and the value they associate with it.”
About Modern Woodmen
Modern Woodmen was founded in 1883 as a fraternal benefit society. The organization supports members, families and communities with a unique blend of financial services, fraternal programs and local-impact opportunities.
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