Best Life Insurance in Berkeley, CA (September 2024)


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Updated: October 4, 2024

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Protective is the best life insurance provider in Berkeley, California, for both men and women. The MoneyGeek score for women is 91 out of 100, with an average monthly premium of $36. For men, the score is 92, with an average monthly premium of $40.

When deciding on life insurance, consider different factors such as coverage needs and personal circumstances. 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 Berkeley, California.

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

1,488Quotes Analyzed
 
14Companies Compared
 
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MoneyGeek Logo IconBestLife InsuranceBerkeley, CA
2024

Best Life Insurance Companies in Berkeley

Overall Best Life Insurance in Berkeley, CA

How was this MoneyGeek score calculated?

Protective is the best life insurance provider in Berkeley for both men and women, with a MoneyGeek score of 92 out of 100 at $40 per month for men and 91 out of 100 at $36 per month for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $40 per month for men
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $48 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 91 out of 100 at $36 per month for women
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $44 per month for women

Protective's high scores and affordable premiums make it an excellent choice for life insurance in Berkeley. The company offers a good balance of affordability, customer satisfaction and financial stability.

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MoneyGeek Top Pick
Protective

Protective is the top life insurance provider in Berkeley for both men and women. It boasts a MoneyGeek score of 92 for men and 91 for women. The company offers monthly premiums of $40 for men and $36 for women.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Solid financial stability

Cons:

  • Rigid buying process

Best Term Life Insurance in Berkeley, CA

How was this MoneyGeek score calculated?

Protective is the best term life insurance provider in Berkeley for both men and women. It has a MoneyGeek score of 92 and a monthly premium of $20 for men and $20 for women. It offers a balance of affordability, customer satisfaction and financial stability, making it a top choice for individuals seeking reliable term life insurance coverage.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $20 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $20 per month for women
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $26 per month for women

Term life insurance policies provide a financial safety net without long-term commitment, which is ideal for those with temporary needs or budget constraints. For example, parents might opt for term life insurance to ensure their children's education costs are covered until they graduate.

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MoneyGeek Top Pick
Protective

Protective is the best term life insurance provider for men and women in Berkeley, with a MoneyGeek score of 92 for each. Premiums are at an average of $24 per month for men and $20 for women, making Protective a top-tier choice for affordability and satisfaction.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Reliable financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Berkeley, CA

How was this MoneyGeek score calculated?

The best whole life insurance provider in Berkeley for both men and women is Protective, with a MoneyGeek score of 92. Protective stands out due to its excellent affordability, high customer satisfaction and strong financial stability, making it a top choice for individuals seeking reliable life insurance coverage.

  • 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 provides coverage for the insured's entire lifetime. This policy not only pays out a death benefit but also includes a savings component that can accumulate cash value over time. For example, someone might choose whole life insurance over term insurance if they want to ensure that they have coverage no matter how long they live and to potentially build cash value that can be borrowed against in the future.

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MoneyGeek Top Pick
Protective

Protective is the premier provider of whole life insurance in Berkeley for both men and women. The company boasts a MoneyGeek score of 92 for each, indicating a strong overall performance. With Protective's commitment to quality service and reasonable costs, customers can confidently secure their future.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Solid financial stability

Cons:

  • Rigid buying process

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 Berkeley, CA

How was this MoneyGeek score calculated?

Protective is the top choice for both men and women seeking the best universal life insurance in Berkeley, with a MoneyGeek score of 91. This company's superior ranking is attributed to its affordability, customer satisfaction and financial stability. Choosing Protective means opting for a well-rounded policy that meets the diverse needs of policyholders.

The top providers of universal life insurance are:

  • 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 coverage with an investment savings element. For example, someone might opt for universal life insurance over term life insurance for the potential to accumulate cash value that can be borrowed against, making it a suitable option for long-term financial planning.

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MoneyGeek Top Pick
Protective

Protective offers the best universal life insurance in Berkeley for both men and women, with its MoneyGeek score of 91 each. This high score reflects the company's commitment to customer satisfaction and financial resilience. While the affordability is favorable, the buying process may require some navigation. Overall, Protective offers a reliable option for life insurance seekers in Berkeley.

Pros:

  • High customer satisfaction
  • Strong financial stability
  • Good affordability

Cons:

  • Complex buying process

Best No-Medical-Exam Life Insurance in Berkeley, CA

How was this MoneyGeek score calculated?

Protective offers the best life insurance without a medical exam requirement in Berkeley. Its MoneyGeek score of 91 for men and women reflects a strong 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 provides coverage without requiring a physical examination, making it ideal for those with health concerns or needing quick coverage. For example, someone with a busy lifestyle or pre-existing conditions might opt for this insurance to avoid a medical exam delay and scrutiny.

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MoneyGeek Top Pick
Protective

In Berkeley, Protective stands out as the premier choice for no-medical-exam life insurance for both men and women, boasting impressive MoneyGeek scores of 91 for each.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Berkeley, CA

How was this MoneyGeek score calculated?

The Protective offers the best term life insurance for seniors in Berkeley, with a MoneyGeek Score of 91 for men and 90 for women and monthly premiums of $95 and $92, respectively.

As seniors age, life insurance premiums typically increase due to the higher risk they present to insurers. Protective's leading scores reflect their commitment to affordability, customer satisfaction and financial stability, which are critical for seniors seeking dependable coverage.

Best Term Life Insurance for Seniors in Berkeley
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyProtectivePremium$95MG Score out of 10091
2CompanyMutual of OmahaPremium$107MG Score out of 10091
3CompanyNationwidePremium$90MG Score out of 10090
4CompanyAllstatePremium$86MG Score out of 10089
5CompanyTransamericaPremium$87MG Score out of 10088
6CompanyAAAPremium$120MG Score out of 10088
7CompanyPrudentialPremium$92MG Score out of 10087
8CompanyState FarmPremium$140MG Score out of 10086
9CompanyHavenPremium$188MG Score out of 10082

Best Term Life Insurance for Smokers in Berkeley, CA

How was this MoneyGeek score calculated?

For those in Berkeley seeking the best term life insurance for smokers, Mutual of Omaha leads the pack for both men and women, boasting a MoneyGeek Score of 91 and 89, respectively. Men can expect a monthly premium of $103, while women are quoted $109.

Smoking significantly affects life insurance premiums due to the increased health risks it poses, often resulting in higher costs for smokers than non-smokers. Mutual of Omaha's top scores reflect its strong performance across affordability, customer satisfaction, financial stability, and product diversity. For smokers, these factors are essential when considering the long-term implications and costs of life insurance.

Best Term Life Insurance for Smokers in Berkeley
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$103MG Score out of 10090
2CompanyNationwidePremium$98MG Score out of 10089
3CompanyAAAPremium$107MG Score out of 10088
4CompanyPrudentialPremium$81MG Score out of 10088
5CompanyTransamericaPremium$95MG Score out of 10087
6CompanyProtectivePremium$167MG Score out of 10087
7CompanyHavenPremium$102MG Score out of 10086
8CompanyState FarmPremium$145MG Score out of 10084
9CompanyAllstatePremium$142MG Score out of 10084

Best Term Life Insurance for Young Adults in Berkeley, CA

How was this MoneyGeek score calculated?

For those seeking the best term life insurance for young adults in Berkeley, Protective stands out with a MoneyGeek Score of 92 and a monthly premium of $12 for both men and women.

Age significantly impacts the cost of premiums, with younger individuals typically benefiting from lower rates due to reduced health risks. Protective's high MoneyGeek score reflects its strong performance in affordability, customer satisfaction, and financial stability. This makes it an excellent choice for young adults looking for reliable term life insurance in Berkeley.

Best Term Life Insurance for Young Adults in Berkeley
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$12MG Score out of 10092
2CompanyMutual of OmahaPremium$15MG Score out of 10091
3CompanyNationwidePremium$15MG Score out of 10090
4CompanyAllstatePremium$12MG Score out of 10089
5CompanyTransamericaPremium$12MG Score out of 10088
6CompanyAAAPremium$17MG Score out of 10088
7CompanyPrudentialPremium$18MG Score out of 10085
8CompanyState FarmPremium$22MG Score out of 10085
9CompanyHavenPremium$19MG Score out of 10084
10CompanyBestowPremium$26MG Score out of 10083

Best Cheap Term Life Insurance in Berkeley, CA

How was this MoneyGeek score calculated?

For those seeking the best cheap term life insurance in Berkeley, Protective stands out for both men and women with a MoneyGeek Score of 92 and a monthly premium of $20. Protective excels due to its affordability, high customer satisfaction and strong financial stability, making it a reliable choice for those looking for cost-effective term life insurance in Berkeley.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To secure the lowest premiums, maintain a healthy lifestyle, choose a shorter term and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Berkeley
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$20MG Score out of 10092
2CompanyAllstatePremium$20MG Score out of 10091
3CompanyNationwidePremium$23MG Score out of 10091
4CompanyTransamericaPremium$20MG Score out of 10091
5CompanyMutual of OmahaPremium$24MG Score out of 10089
6CompanyAAAPremium$27MG Score out of 10087
7CompanyPrudentialPremium$27MG Score out of 10085
8CompanyState FarmPremium$35MG Score out of 10082
9CompanyHavenPremium$34MG Score out of 10082

Average Cost of Term Life Insurance in Berkeley, CA

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

Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.

The cost of life insurance in Berkeley might be higher or lower compared to other parts of California due to various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Berkeley 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 Berkeley, CA

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

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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