Best Life Insurance in Albuquerque, NM (October 2024)


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In Albuquerque, New Mexico, Protective is the best life insurance provider for both men and women, receiving a MoneyGeek score of 91. For women, the average monthly premium is $34, while for men, it is $41. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Your unique needs may mean a different company is best for you. It's important to evaluate your specific circumstances and preferences before deciding.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Albuquerque, New Mexico.

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Coverage costs and company information for life insurance providers were updated in October 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsuranceAlbuquerque, NM
2024

Best Life Insurance Companies in Albuquerque

Overall Best Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

In Albuquerque, Protective offers the best life insurance for both men and women, with a MoneyGeek score of 91 and monthly premiums of $41 for men and $34 for women.

Top providers for men:

  • Protective: MoneyGeek score of 91 out of 100 at $41 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $47 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 91 out of 100 at $34 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $41 per month for women

Protective enforces affordable premiums for comprehensive coverages.

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MoneyGeek Top Pick
Protective

Protective is the leading life insurance provider in Albuquerque. Its MoneyGeek score is 91 for men and women, with an approximate monthly premiums of $41 and $34, respectively.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could be improved

Best Term Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

Protective is the leading provider of the best term life insurance in Albuquerque. Its MoneyGeek score is 66 for men and 65 for women, with average monthly premiums of $20 and $19, respectively.

The top two term life insurance companies for men are:

  • Protective: MoneyGeek score of 66 out of 100 at $20 per month for men
  • Mutual of Omaha: MoneyGeek score of 62 out of 100 at $23 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 65 out of 100 at $19 per month for women
  • Mutual of Omaha: MoneyGeek score of 59 out of 100 at $23 per month for women

Term life insurance provides coverage for a specified term, often chosen for its affordability and simplicity. For example, parents might purchase a 20-year term policy to ensure their child's education costs are covered in the event of their untimely passing.

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MoneyGeek Top Pick
Protective

Protective is the leading choice for men and women seeking term life insurance in Albuquerque, boasting a MoneyGeek score of 66 and 65, respectively. Its affordable monthly premiums offer a balance of cost and quality service.

Pros:

  • High customer satisfaction
  • Affordable pricing
  • Strong financial stability

Cons:

  • Rigid buying process

Best Whole Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

The best whole life insurance in Albuquerque is Protective. Its MoneyGeek score of 92 for men and women reflects its exceptional performance across metrics such as affordability, customer satisfaction and financial stability.

Top whole life companies in Albuquerque:

  • Protective: MoneyGeek score of 92 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

Whole life insurance is a type of permanent life insurance that offers a death benefit with a savings component. Someone might opt for whole life insurance to ensure lifelong coverage and accumulate a cash value that can be borrowed.

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MoneyGeek Top Pick
Protective

Protective is the best whole life insurance provider in Albuquerque for both men and women, boasting a MoneyGeek score of 92. Consumers can trust Protective's comprehensive insurance solution tailored to their needs.

Pros:

  • High customer satisfaction
  • Excellent value
  • Solid financial stability

Cons:

  • Buying process could be smoother

Compare Life Insurance Rates

Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.

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Best Universal Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

The best universal life insurance in Albuquerque is Protective, with a MoneyGeek score of 91 for men and women. It's a solid choice for anyone seeking cost-effective life insurance coverage.

The two best universal life insurance providers:

  • Protective: MoneyGeek score of 91 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Universal life insurance is a flexible policy that combines life insurance with a savings element. Someone might choose this over a term life insurance for the potential to accumulate cash value that they can borrow in the future.

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MoneyGeek Top Pick
Protective

In Albuquerque, Protective is the best company for universal life insurance. It got a MoneyGeek score of 91 for both men and women, reflecting its strong position in the market and ability to meet its customers' needs.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Stable financial footing

Cons:

  • Buying process could be improved

Best No-Medical-Exam Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

When looking for the best no-medical-exam life insurance company in Albuquerque, Protective stands out with a MoneyGeek score of 63.

Top providers of life insurance without a medical exam in Albuquerque:

  • Protective: MoneyGeek score of 63 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 60 out of 100 for men and women

Life insurance without a mandatory medical assessment does not require a medical exam to be approved, for a quicker and more convenient way to secure coverage. Someone with a busy lifestyle or a minor, pre-existing condition might choose this to avoid the hassle and potential obstacles of a traditional medical underwriting process.

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MoneyGeek Top Pick
Protective

Protective provides the top choice for life insurance without a medical exam in Albuquerque for men and women who want easy application and assurance in their coverage decisions.

Pros:

  • High customer approval
  • Exceptional value for money
  • Strong financial reliability

Cons:

  • Complex buying process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Albuquerque, NM

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for seniors in Albuquerque, Mutual of Omaha is the top choice, with a MoneyGeek score of 91 and an average monthly premium of $87. Women may opt for Protective, which scored 90 at the same monthly premium.

Premiums increase with age due to the higher risk associated with insuring older individuals. Mutual of Omaha and Protective are options for seniors who prioritize security and value in their life insurance selection.

Best Term Life Insurance for Seniors in Albuquerque
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$8791
2Protective$9691
3Nationwide$7290
4AAA$9489
5Transamerica$6988
6Allstate$8288
7Prudential$7787
8State Farm$13286
9Haven$20582

Best Term Life Insurance for Smokers in Albuquerque, NM

How was this MoneyGeek score calculated?

Mutual of Omaha offers the top term life insurance for men and women smokers, with a MoneyGeek score of 61 for men and 55 for women and an average monthly premium of $52.

Smoking significantly influences life insurance premiums due to the associated health risks. Customer satisfaction, affordability and financial stability are crucial factors when choosing the best term life insurance for smokers.

Best Term Life Insurance for Smokers in Albuquerque
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$5290
2Nationwide$5189
3AAA$5488
4Transamerica$4688
5Prudential$4188
6Protective$8187
7State Farm$7086
8Allstate$7884
9Haven$9482

Best Term Life Insurance for Young Adults in Albuquerque, NM

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Albuquerque, Protective is the stand-out provider with a MoneyGeek score of 92 and average monthly premiums of $11 for women and $12 for men.

Age impacts life insurance premiums, with younger adults generally benefiting from lower rates. Choosing Protective ensures that young adults receive comprehensive coverage at a competitive price.

Best Term Life Insurance for Young Adults in Albuquerque
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1292
2Mutual of Omaha$1591
3Nationwide$1490
4Allstate$1289
5AAA$1788
6Transamerica$1388
7State Farm$2585
8Prudential$1985
9Haven$2084
10Bestow$2783

Best Cheap Term Life Insurance in Albuquerque, NM

How was this MoneyGeek score calculated?

The best cheap term life insurance in Albuquerque is Protective. It received MoneyGeek scores of 92 for men and 91 for women, with monthly premiums of $20 and $19, respectively.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and compare multiple quotes.

Best Cheap Term Life Insurance in Albuquerque
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$2092
2Nationwide$2292
3Allstate$2091
4Transamerica$2091
5Mutual of Omaha$2390
6AAA$2688
7Prudential$2786
8Haven$3583
9State Farm$3882

Average Cost of Term Life Insurance in Albuquerque, NM

The average monthly premium for term life insurance in Albuquerque, New Mexico, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.

Insurance companies assess factors, including age, health, lifestyle and occupation, to determine the risk associated with insuring an individual.

The cost of life insurance in Albuquerque might be higher or lower than in other parts of New Mexico for different reasons, such as local economic conditions, health statistics and lifestyle trends.

For instance, if Albuquerque has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.

FAQ About Life Insurance in Albuquerque, NM

What company has the best life insurance in Albuquerque for men?
What is the monthly premium cost for the best life insurance for men in Albuquerque?
What company has the best life insurance in Albuquerque for women?
What is the monthly premium cost for the best life insurance for women in Albuquerque?
Is there anything different about life insurance in Albuquerque compared to the rest of New Mexico?
What happens to your life insurance if a company goes bankrupt in Albuquerque?
Why might Albuquerque residents need life insurance?
How do you find a lost life insurance policy in Albuquerque?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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