Best Life Insurance in Anchorage, AK (October 2024)


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Updated: October 8, 2024

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Protective is the best life insurance company in Anchorage, Alaska, for both men and women, with a MoneyGeek score of 92 for each. The monthly premium cost is $25 for women and $29 for men. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors affect life insurance decisions. 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 Anchorage, Texas.

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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 InsuranceAnchorage, AK
2024

Best Life Insurance Companies in Anchorage

Overall Best Life Insurance in Anchorage, AK

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Anchorage for both men and women with a MoneyGeek score of 92 out of 100 and an average monthly premium of $29 for men and $25 for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $29 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $34 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $25 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $29 per month for women

Protective stands out due to its affordable premiums, comprehensive coverage and financial stability.

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MoneyGeek Top Pick
Protective

Protective stands out as the top choice for life insurance in Anchorage for both men and women. With a MoneyGeek score of 92, Protective offers monthly premiums at an affordable $25 for women and $29 for men. Customers can expect a balance of value and reliability.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Anchorage, AK

How was this MoneyGeek score calculated?

For those seeking the best term life insurance in Anchorage, Protective stands out for both men and women. It boasts a MoneyGeek score of 92 and monthly premiums of $15 and $14, respectively. Protective excels in affordability, customer satisfaction and financial stability, making it an optimal choice for individuals prioritizing these factors in their insurance provider.

The top two term life insurance companies for men are:

  • Protective: MoneyGeek score of 92 out of 100 at $15 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $17 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $14 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $17 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.

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MoneyGeek Top Pick
Protective

Protective is the best provider of term life insurance in Anchorage for men and women, boasting a MoneyGeek score of 92. Those seeking coverage can expect a monthly premium of about $15 and $14, respectively. Protective is committed to providing value and satisfaction.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Anchorage, AK

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Anchorage for both men and women, with a MoneyGeek score of 92.

  • 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 provides lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.

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MoneyGeek Top Pick
Protective

Protective stands out as the premier choice for whole life insurance for both men and women in Anchorage, with a MoneyGeek score of 92 for each. This high score reflects a blend of affordability, customer satisfaction and financial stability that meets the needs of diverse clients.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

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 Anchorage, AK

How was this MoneyGeek score calculated?

Protective has the best universal life insurance in Anchorage, with a MoneyGeek score of 91 for both men and women. Protective offers a balance of affordability, customer satisfaction and financial stability.

  • 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 versatile policy that offers both a death benefit and a savings element, which can accumulate cash value over time. For example, someone might choose universal life insurance over term life for the potential to use the cash value to help pay premiums later in life or even to supplement retirement income.

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MoneyGeek Top Pick
Protective

Protective is the best universal life insurance provider in Anchorage for both men and women, boasting MoneyGeek scores of 91 for each. This solidifies their position as a leading choice for those seeking reliable life insurance coverage. Customers can expect a high level of satisfaction and value for their investment.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Anchorage, AK

How was this MoneyGeek score calculated?

Protective stands out as the best no-medical-exam life insurance provider for those looking to secure life insurance without the hassle of a medical checkup. Boasting a MoneyGeek score of 91 for both men and women, it offers a reliable balance of affordability, customer satisfaction and financial stability.

  • 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

Life insurance without a medical exam allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.

mglogo
MoneyGeek Top Pick
Protective

Protective is the premier choice for no-medical-exam life insurance in Anchorage, offering unparalleled services for both men and women. Boasting a MoneyGeek score of 91 for each group, Protective ensures a harmonious balance of quality and value in its insurance offerings.

Pros:

  • High customer satisfaction
  • Exceptional affordability
  • Solid financial stability

Cons:

  • Buying process improvements needed

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Best Term Life Insurance for Seniors in Anchorage, AK

How was this MoneyGeek score calculated?

Protective provides the best term life insurance for seniors in Anchorage. With a MoneyGeek score of 92 for men and 91 for women, it offers average monthly premiums of $66 and $62, respectively.

Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Protective stand sout due to its affordability for seniors, customer satisfaction, financial stability and product diversity.

Best Term Life Insurance for Seniors in Anchorage
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyProtectivePremium$66MG Score out of 10092
2CompanyMutual of OmahaPremium$74MG Score out of 10091
3CompanyNationwidePremium$69MG Score out of 10090
4CompanyAAAPremium$86MG Score out of 10088
5CompanyAllstatePremium$73MG Score out of 10088
6CompanyPrudentialPremium$63MG Score out of 10088
7CompanyTransamericaPremium$81MG Score out of 10087
8CompanyState FarmPremium$129MG Score out of 10084
9CompanyHavenPremium$127MG Score out of 10082

Best Term Life Insurance for Smokers in Anchorage, AK

How was this MoneyGeek score calculated?

In Anchorage, Mutual of Omaha offers the best term life insurance for smokers, boasting a MoneyGeek Score of 90 and an average monthly premium of $71 for men, and a score of 88 with a $72 premium for women.

Smoking significantly influences life insurance premiums due to the associated health risks. Insurers like Mutual of Omaha evaluate these risks when calculating costs. Its top MoneyGeek scores suggest a strong combination of affordability, customer satisfaction and financial stability, which are crucial for individuals seeking reliable coverage.

Best Term Life Insurance for Smokers in Anchorage
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$71MG Score out of 10090
2CompanyNationwidePremium$72MG Score out of 10089
3CompanyProtectivePremium$95MG Score out of 10088
4CompanyAAAPremium$77MG Score out of 10088
5CompanyPrudentialPremium$57MG Score out of 10088
6CompanyTransamericaPremium$68MG Score out of 10087
7CompanyState FarmPremium$88MG Score out of 10086
8CompanyAllstatePremium$117MG Score out of 10084
9CompanyHavenPremium$111MG Score out of 10083

Best Term Life Insurance for Young Adults in Anchorage, AK

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Anchorage, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $8 for women and $9 for men.

Age plays a significant role in determining life insurance premiums. Younger adults often enjoy lower premiums due to generally better health and lower risk factors. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability, making it an excellent choice for young adults seeking term life insurance in Anchorage.

Best Term Life Insurance for Young Adults in Anchorage
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$9MG Score out of 10092
2CompanyMutual of OmahaPremium$11MG Score out of 10091
3CompanyNationwidePremium$12MG Score out of 10089
4CompanyAAAPremium$12MG Score out of 10088
5CompanyAllstatePremium$11MG Score out of 10087
6CompanyTransamericaPremium$12MG Score out of 10087
7CompanyPrudentialPremium$12MG Score out of 10086
8CompanyHavenPremium$13MG Score out of 10085
9CompanyState FarmPremium$21MG Score out of 10084
10CompanyBestowPremium$18MG Score out of 10083

Best Cheap Term Life Insurance in Anchorage, AK

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Anchorage, Protective tops the list for both men and women, with a MoneyGeek score of 92. It offers a monthly premium of roughly $15 for men and $14 for women. Protective scores high due to its financial stability, excellent customer service and competitive rates.

Age, health and coverage all influence the cost of life insurance. To get the lowest premiums, you should strive to maintain good health, avoid tobacco use and compare quotes from different insurers.

Best Cheap Term Life Insurance in Anchorage
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$15MG Score out of 10092
2CompanyNationwidePremium$18MG Score out of 10091
3CompanyMutual of OmahaPremium$17MG Score out of 10090
4CompanyAllstatePremium$18MG Score out of 10089
5CompanyAAAPremium$20MG Score out of 10088
6CompanyTransamericaPremium$19MG Score out of 10088
7CompanyPrudentialPremium$19MG Score out of 10088
8CompanyHavenPremium$23MG Score out of 10084
9CompanyState FarmPremium$33MG Score out of 10082

Average Cost of Term Life Insurance in Anchorage, AK

The average cost of term life insurance premiums in Anchorage is $24 per month for women and $29 per month for men. These figures highlight a gender difference in premium costs, which can be attributed to various factors.

Life insurance premiums are influenced by age, health, lifestyle, and the specific terms of the policy. For instance, younger and healthier individuals typically pay lower premiums. Lifestyle choices like smoking can increase costs. The economic conditions and demographics of Anchorage also play a role. Anchorage's cost of living and health care accessibility may differ from other parts of Alaska, affecting insurance premiums.

Understanding these factors can help consumers make informed decisions about their life insurance needs. By considering local conditions and personal factors, individuals can better navigate their options and find suitable coverage.

FAQ About Life Insurance in Anchorage, AK

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

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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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