Best Life Insurance in Birmingham, AL (October 2024)


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Protective is the best life insurance provider for women in Birmingham, Alabama, with a MoneyGeek score of 92 and an average monthly premium of $18. For men, the top provider is Mutual of Omaha with a MoneyGeek score of 91 and an average monthly premium of $22. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider different factors such as coverage needs, term length and premium costs. 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 Birmingham, Alabama.

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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 InsuranceBirmingham, AL
2024

Best Life Insurance Companies in Birmingham

Overall Best Life Insurance in Birmingham, AL

How was this MoneyGeek score calculated?

For men in Birmingham, Mutual of Omaha offers the best life insurance with a MoneyGeek score of 91 out of 100 at an average of $22 per month. For women, Protective is the top provider with a MoneyGeek score of 92 out of 100 at roughly $18 per month.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $22 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $23 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Mutual of Omaha and Protective stand out for their affordability and high MoneyGeek scores. These companies offer reliable options for life insurance in Birmingham, making them ideal choices for the average individual looking to secure their future.

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MoneyGeek Top Pick
Mutual of Omaha

For men in Birmingham, Mutual of Omaha offers the best life insurance with a MoneyGeek score of 91 out of 100 at an average of $22 per month. This balance of affordability and quality service makes Mutual of Omaha a top choice for Birmingham residents.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective is the best life insurance provider in Birmingham for women, with a MoneyGeek score of 92. Women can secure a policy at a monthly premium of $18. Protective stands out due to its affordability and quality service, making it a top choice in the market.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Birmingham, AL

How was this MoneyGeek score calculated?

In Birmingham, Mutual of Omaha and Protective lead as the best term life insurance providers for men and women, respectively. Mutual of Omaha boasts a MoneyGeek score of 92 at $9 per month for men, while Protective scores 92 at $9 per month for women. These companies stand out for their balance of cost, customer satisfaction and financial stability, making them ideal for individuals seeking reliable term life insurance coverage.

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $9 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $10 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $9 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 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
Mutual of Omaha

Mutual of Omaha is the best term life insurance provider in Birmingham for men, with a MoneyGeek score of 92. Men seeking term life insurance can expect a monthly premium of $9, offering a balance of cost and quality coverage. This company has proven to be a top choice due to its impressive scores across several categories, reflecting a commitment to customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective offers the best term life insurance for women in Birmingham, with a MoneyGeek score of 92. With a monthly premium of $9, it stands out as an affordable option without compromising on quality.

Pros:

  • High customer satisfaction
  • Notable affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Birmingham, AL

How was this MoneyGeek score calculated?

Protective offer the best whole life insurance in Birmingham, boasting a MoneyGeek score of 92 for both men and women. This score represents a blend of affordability, customer satisfaction and financial stability.

  • 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 is the top choice for both men and women seeking the best whole life insurance in Birmingham, with a MoneyGeek score of 92. This score reflects a balance of affordability and customer satisfaction, ensuring policyholders receive value and quality service.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve
  • Product options are adequate

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 Birmingham, AL

How was this MoneyGeek score calculated?

Protective provides the best universal life insurance in Birmingham, with a MoneyGeek score of 91 for both men and women.

  • 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 offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.

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MoneyGeek Top Pick
Protective

Protective is the leading universal life insurance provider in Birmingham for both men and women, with a MoneyGeek score of 91 for each. This company stands out for its strong customer satisfaction and financial stability, ensuring a trustworthy insurance experience.

Pros:

  • High customer satisfaction
  • Excellent affordability for women
  • Solid financial stability

Cons:

  • Buying process could be smoother

Best No-Medical-Exam Life Insurance in Birmingham, AL

How was this MoneyGeek score calculated?

In Birmingham, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.

  • 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.

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MoneyGeek Top Pick
Protective

Protective stands out for its commitment to customer satisfaction and affordable premiums for both men and women needing life insurance. This company simplifies the search for reliable life insurance without the need for a medical exam.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Complex buying process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Birmingham, AL

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best term life insurance for seniors in Birmingham, with a MoneyGeek score of 92 for men and 91 for women. Men can expect an average monthly premium of $35, while women are quoted approximately $38.

Age influences life insurance premiums as older individuals pose a higher risk to insurers, often resulting in increased rates. Mutual of Omaha's top scores reflect its commitment to customer satisfaction, a seamless buying process and financial stability.

Best Term Life Insurance for Seniors in Birmingham
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3592
2Nationwide$3591
3Protective$4990
4Prudential$3987
5AAA$5887
6Allstate$5786
7State Farm$6984
8Haven$8182

Best Term Life Insurance for Smokers in Birmingham, AL

How was this MoneyGeek score calculated?

For those seeking the best term life insurance for smokers in Birmingham, Mutual of Omaha stands out with the highest MoneyGeek score of 91 for men and 89 for women. Men can expect a monthly premium of $20, while women are quoted at $22.

Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha and Allstate's top scores reflect their commitment to providing valuable coverage at competitive prices, making them strong contenders for reliable term life insurance.

Best Term Life Insurance for Smokers in Birmingham
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2091
2Allstate$1989
3Nationwide$2589
4Protective$3088
5Prudential$2087
6State Farm$2786
7AAA$3985
8Haven$3783

Best Term Life Insurance for Young Adults in Birmingham, AL

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Birmingham, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $5 for women and $6 for men. Protective's high MoneyGeek score reflects its strong customer satisfaction, affordability and financial stability.

Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance for young adults is essential for securing financial protection at a reasonable cost.

Best Term Life Insurance for Young Adults in Birmingham
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$692
2Mutual of Omaha$692
3Nationwide$790
4AAA$1087
5Haven$886
6State Farm$1385
7Allstate$1185
8Prudential$1085
9Bestow$1583

Best Cheap Term Life Insurance in Birmingham, AL

How was this MoneyGeek score calculated?

For those seeking the best cheap term life insurance in Birmingham, Protective and Mutual of Omaha stand out. Protective scores a MoneyGeek score of 92 with an average monthly premium of $9 for women, while Mutual of Omaha also scores 92 with an average monthly premium of $9 for men. Protective and Mutual of Omaha achieve high MoneyGeek scores due to their affordability, customer satisfaction, and financial stability.

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 Birmingham
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$992
2Nationwide$1192
3Protective$1091
4Prudential$1486
5AAA$1685
6Haven$1485
7Allstate$1784
8State Farm$2082

Average Cost of Term Life Insurance in Birmingham, AL

The average monthly premium for term life insurance in Birmingham is $19 for women and $21 for men.

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.

Birmingham's life insurance cost might be higher or lower than the rest of Alabama due to various reasons. Local health statistics, economic conditions and lifestyle factors can all play a role in determining insurance premiums. For example, if Birmingham has higher health care costs or a higher prevalence of certain health conditions, this could lead to higher life insurance premiums.

Understanding these factors can help you make more informed decisions about your life insurance needs. By considering your personal circumstances and the local context, you can find a policy that offers the best value for your situation.

FAQ About Life Insurance in Birmingham, AL

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

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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