Best Life Insurance in Alexandria, VA (August 2024)
Updated: September 7, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Alexandria, Virginia, for men and women. The MoneyGeek score for men is 92, with a monthly premium of $40. For women, the score is also 92, with a monthly premium of $39.
Different factors should be considered when deciding on what type of life insurance to buy. 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.
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 Alexandria, Virginia.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceAlexandria, VABest Life Insurance Companies in Alexandria
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Alexandria for men and women with a MoneyGeek score of 92 out of 100 and a monthly premium of $40 for men and $39 for women.
The top providers for men are:
The top providers for women are:
Protective stands out due to its high affordability and excellent customer satisfaction. This makes it a reliable choice for the average person seeking life insurance in Alexandria.
Protective stands out as the best life insurance provider in Alexandria for men and women, boasting a MoneyGeek score of 92. With a monthly premium of $40 for men and $39 for women, Protective offers a blend of value and quality service.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Protective emerges as the best term life insurance provider in Alexandria for men and women, with a MoneyGeek score of 92 and a monthly premium of $19 for men and $20 for women.
This top ranking reflects Protective's strong performance across various metrics, including customer satisfaction and financial stability, which are critical for individuals seeking reliable and affordable term life insurance coverage.
The top providers for men are:
The top providers for women are:
Term life insurance is a policy that provides coverage at a fixed rate of payments for a limited period, known as the term. For example, an individual might choose term life insurance to ensure financial support for their family during their working years, which could be considered their most financially vulnerable period.
Protective is the best term life insurance provider for women and men in Alexandria, with a MoneyGeek score of 92. Women and men can secure coverage at a monthly premium of $20 and $19, ensuring an attractive blend of affordability and quality coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective provides the best whole life insurance in Alexandria for men and women, with a MoneyGeek score of 92. This score reflects a balance of affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Whole life insurance offers a lifetime of coverage with the added benefit of accumulating cash value, serving as a financial asset. For example, someone might choose whole life insurance to ensure their family's financial stability while also investing in a policy that can grow over time.
Protective emerges as the leading provider of whole life insurance in Alexandria for men and women, with a MoneyGeek score of 92. This score reflects the company's commitment to excellence across several key metrics.
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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.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective provides the best universal life insurance in Alexandria, with a MoneyGeek score of 91 for men and women. This score reflects a balance of affordability, customer satisfaction, and financial stability.
The top providers for men are:
The top providers for women are:
Universal life insurance is a flexible policy that combines life coverage with an investment savings element. It offers the potential for cash value growth and the ability to adjust premiums and death benefits. For instance, someone who desires long-term financial planning and the ability to adjust their coverage as their life circumstances change might prefer universal life insurance over term or whole life policies.
Protective stands out in Alexandria as the leading provider of universal life insurance for men and women. With MoneyGeek scores of 91 for each group, Protective offers a blend of value and satisfaction.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
Protective provides the best life insurance without a required medical exam in Alexandria for men and women, with a MoneyGeek score of 91. This top score indicates that Protective offers a balance of affordability, customer satisfaction, a smooth buying process and financial stability.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance is a policy that grants coverage without the need for a medical check-up. This can be particularly advantageous for those who have health concerns or prefer a quicker and more convenient insurance-buying experience. For example, someone with a chronic condition may opt for this insurance to avoid the potential of being denied coverage or facing exorbitant premiums.
Protective emerges as the leading provider of no-medical-exam life insurance in Alexandria, catering to men and women with a MoneyGeek score of 91. This score reflects the company's commitment to excellence across various parameters, ensuring policyholders receive quality service and dependable coverage options.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
Protective provides the best term life insurance for seniors in Alexandria, securing the top MoneyGeek scores for men and women. Men enjoy a MoneyGeek score of 92 and a monthly premium of $86, while women benefit from a score of 91 and a monthly premium of $91.
Age significantly influences life insurance premiums, with costs generally escalating as individuals grow older. Protective's superior scores are indicative of its excellent balance between cost and service quality.
| 1 | CompanyProtective | Premium$86 | MG Score out of 10092 |
| 2 | CompanyMutual of Omaha | Premium$97 | MG Score out of 10091 |
| 3 | CompanyNationwide | Premium$88 | MG Score out of 10090 |
| 4 | CompanyAllstate | Premium$94 | MG Score out of 10088 |
| 5 | CompanyAAA | Premium$114 | MG Score out of 10088 |
| 6 | CompanyPrudential | Premium$85 | MG Score out of 10088 |
| 7 | CompanyTransamerica | Premium$107 | MG Score out of 10087 |
| 8 | CompanyState Farm | Premium$170 | MG Score out of 10084 |
| 9 | CompanyHaven | Premium$168 | MG Score out of 10082 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
For those seeking the [best term life insurance for smokers][(https://www.moneygeek.com/insurance/life/best/smokers/) in Alexandria, Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women, and monthly premiums of $95 and $108, respectively.
Smoking significantly influences life insurance premiums, as insurers view smokers as higher risk due to potential health complications. Mutual of Omaha's high MoneyGeek scores reflect its balance of affordability, customer satisfaction and financial stability, making it a smart choice for smokers in need of term life coverage.
| 1 | CompanyMutual of Omaha | Premium$95 | MG Score out of 10090 |
| 2 | CompanyNationwide | Premium$100 | MG Score out of 10089 |
| 3 | CompanyAAA | Premium$103 | MG Score out of 10088 |
| 4 | CompanyProtective | Premium$131 | MG Score out of 10088 |
| 5 | CompanyPrudential | Premium$75 | MG Score out of 10088 |
| 6 | CompanyTransamerica | Premium$93 | MG Score out of 10087 |
| 7 | CompanyState Farm | Premium$124 | MG Score out of 10085 |
| 8 | CompanyAllstate | Premium$153 | MG Score out of 10084 |
| 9 | CompanyHaven | Premium$155 | MG Score out of 10082 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
The best term life insurance for young adults in Alexandria is offered by Protective with a MoneyGeek score of 92 and a monthly premium of $12 for men and women. Age significantly impacts life insurance premiums, with younger adults typically paying lower rates due to their lower risk of health issues.
Protective's high MoneyGeek score is due to its excellent affordability, customer satisfaction, and financial stability. This makes it an ideal choice for young adults seeking reliable and cost-effective term life insurance in Alexandria.
| 1 | CompanyProtective | Premium$12 | MG Score out of 10092 |
| 2 | CompanyMutual of Omaha | Premium$14 | MG Score out of 10091 |
| 3 | CompanyNationwide | Premium$15 | MG Score out of 10089 |
| 4 | CompanyAAA | Premium$16 | MG Score out of 10088 |
| 5 | CompanyAllstate | Premium$15 | MG Score out of 10088 |
| 6 | CompanyTransamerica | Premium$15 | MG Score out of 10087 |
| 7 | CompanyPrudential | Premium$17 | MG Score out of 10086 |
| 8 | CompanyHaven | Premium$18 | MG Score out of 10085 |
| 9 | CompanyState Farm | Premium$28 | MG Score out of 10084 |
| 10 | CompanyBestow | Premium$25 | MG Score out of 10084 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
Protective offers the best cheap term life insurance in Alexandria for men and women, with a MoneyGeek score of 92 and monthly premiums of $19 for men and $20 for women.
Several factors influence life insurance premiums, including age, health and coverage amount. Younger individuals and those in excellent health typically pay lower premiums. To get the lowest premiums, consider maintaining a healthy lifestyle, opting for a shorter term length, and choosing a lower coverage amount. Protective's high MoneyGeek score is due to its affordability, strong customer satisfaction and financial stability.
| 1 | CompanyProtective | Premium$19 | MG Score out of 10092 |
| 2 | CompanyNationwide | Premium$23 | MG Score out of 10091 |
| 3 | CompanyMutual of Omaha | Premium$23 | MG Score out of 10090 |
| 4 | CompanyAllstate | Premium$23 | MG Score out of 10089 |
| 5 | CompanyAAA | Premium$27 | MG Score out of 10088 |
| 6 | CompanyTransamerica | Premium$25 | MG Score out of 10088 |
| 7 | CompanyPrudential | Premium$25 | MG Score out of 10087 |
| 8 | CompanyHaven | Premium$31 | MG Score out of 10084 |
| 9 | CompanyState Farm | Premium$43 | MG Score out of 10082 |
The average monthly cost of term life insurance in Alexandria is $36 for women and $39 for men. Many factors influence life insurance premiums, including age, health, lifestyle and occupation. Understanding these variables can help you make more informed decisions when shopping for life insurance.
In Alexandria, life insurance premiums may differ from the rest of Virginia due to various local factors. These can include regional health statistics, the cost of living and specific risk factors prevalent in the area. For example, if Alexandria has higher healthcare costs or different lifestyle risks, these could affect insurance rates.
Being aware of these factors can help you better understand why your premiums might be higher or lower compared with other parts of the state. Always consider these elements when evaluating your life insurance options to ensure you get the best coverage for your needs.
Protective has the best life insurance for men in Alexandria. With a MoneyGeek score of 92, Protective stands out as the top choice for male residents seeking reliable coverage.
The monthly premium cost for the best life insurance for men in Alexandria is $39. This cost reflects the pricing for Protective, the highest-rated company for men in the area.
Protective offers the best life insurance for women in Alexandria. With a MoneyGeek score of 92, Protective is the leading option for women residents looking for quality life insurance.
The monthly premium cost for the best life insurance for women in Alexandria is $40. This cost is associated with Protective, the top-rated company for women in the region.
Life insurance in Alexandria tends to be more expensive compared with other parts of Virginia. This is due to higher living costs and potentially higher risk factors in the area. For example, Protective's premiums in Alexandria are higher than the state average. Residents should consider these factors when choosing a policy.
If a life insurance company goes bankrupt in Alexandria, state protections may apply. Virginia has a guaranty association that helps protect policyholders. This association may cover claims up to a certain limit, ensuring that policyholders still receive some benefits despite the company's financial troubles.
Alexandria residents need life insurance to provide financial security for their families. Life insurance can cover debts, such as mortgages and loans, and help with living expenses. It also provides peace of mind, knowing that loved ones will be taken care of in the event of an untimely death.
To find a lost life insurance policy in Alexandria, start by contacting the insurance company directly. If that doesn't work, check with the Virginia Life Insurance Policy Locator Service. This service can help track down lost or unclaimed policies, ensuring that beneficiaries receive the benefits they are entitled to.
About Mark Fitzpatrick
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.
