Best Life Insurance in Boston, MA (October 2024)


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Protective is the best life insurance provider in Boston, Massachusetts, with a MoneyGeek score of 91 and average monthly premiums of $33 for men and $29 for women. These scores and costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider your age, health and coverage needs. Your unique situation 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 Boston, Massachusetts.

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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 InsuranceBoston, MA
2024

Best Life Insurance Companies in Boston

Overall Best Life Insurance in Boston, MA

How was this MoneyGeek score calculated?

Protective is the best life insurance provider in Boston, with a MoneyGeek score of 91 and a monthly premium of $33 for men and $29 for women.

Top providers for men:

  • Protective: MoneyGeek score of 91 out of 100 at $33 per month
  • Allstate: MoneyGeek score of 89 out of 100 at $29 per month

Top providers for women:

  • Protective: MoneyGeek score of 91 out of 100 at $29 per month
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $36 per month

Protective's high MoneyGeek score indicates strong performance across multiple metrics, making it a reliable and cost-effective life insurance option.

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MoneyGeek Top Pick
Protective

Protective is Boston's best life insurance provider, with a MoneyGeek score of 91 and monthly premiums of $33 for men and $29 for women. Its high customer satisfaction and financial stability scores make it a leading choice for quality coverage.

Pros:

  • High customer satisfaction
  • Great value for money
  • Solid financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Boston, MA

How was this MoneyGeek score calculated?

Protective has the best term life insurance in Boston with a MoneyGeek score of 91 and average monthly premiums of $14 for men and $13 for women. Its affordability, high customer satisfaction and financial stability make it a solid choice.

Top term life insurance companies for men:

  • Protective: MoneyGeek score of 91 out of 100 at $14 per month
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $17 per month

Top term life insurance companies for women:

  • Protective: MoneyGeek score of 91 out of 100 at $13 per month
  • Allstate: MoneyGeek score of 89 out of 100 at $13 per month

Term life insurance provides coverage for a specific period. A parent might choose term insurance to ensure funding for their child's education in case of their untimely death.

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MoneyGeek Top Pick
Protective

In Boston, Protective is the best term life insurance provider, earning a MoneyGeek score of 91 It balances cost and quality coverage with low monthly premiums of $14 for men and $13 for women.

Pros:

  • High customer satisfaction
  • Affordable pricing
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Boston, MA

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Boston, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong affordability, customer satisfaction, financial stability and product diversity.

  • 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 offers a fixed premium and a death benefit, coupled with a savings component that accrues cash value over time. Someone might prefer it for its lifetime coverage and the potential to borrow against the policy's cash value, which isn't typically available with term life insurance.

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MoneyGeek Top Pick
Protective

In Boston, Protective is the leading provider of whole life insurance, earning a MoneyGeek score of 92 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable option for insurance seekers in the city.

Pros:

  • High customer satisfaction
  • Competitive rates
  • Strong 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 Boston, MA

How was this MoneyGeek score calculated?

Protective has BBoston's best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong balance of 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 offers flexible premiums and death benefits, appealing to those seeking long-term coverage with cash value growth. It’s a good option for estate planning, helping ensure beneficiaries are cared for while building tax-deferred cash value.

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MoneyGeek Top Pick
Protective

Protective is Boston's leading universal life insurance provider. Its MoneyGeek score of 91 for men and women reflects a balance of affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Boston, MA

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Boston without a medical exam requirement. 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 with no mandatory medical exam allows prospective policyholders to get coverage quickly without needing a health checkup. Someone with a chronic illness might opt for this insurance to avoid being denied coverage or facing higher premiums due to their health status.

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MoneyGeek Top Pick
Protective

In Boston, Protective is the top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects its good balance of customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • 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 Boston, MA

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for seniors in Boston, with a MoneyGeek score of 91 for men and 90 for women. The average monthly premiums are $66 for males and $64 for females.

Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Protective stands out with its strong performance in affordability, customer satisfaction and financial stability, making it a reliable option for seniors.

Best Term Life Insurance for Seniors in Boston
Data filtered by:Results filtered by:
gender:
gender:M
1Protective$6691
2Mutual of Omaha$7890
3Nationwide$6989
4Allstate$5289
5Transamerica$5688
6AAA$8088
7Prudential$6087
8Haven$13082

Best Term Life Insurance for Smokers in Boston, MA

How was this MoneyGeek score calculated?

Mutual of Omaha provides the best term life insurance for smokers in Boston, with MoneyGeek scores of 90 for men and 89 for women. The average monthly premium is $46 for both genders.

Smoking raises premiums because of the higher health risks linked to tobacco use. Insurers charge smokers more to offset these risks. Mutual of Omaha’s top scores for affordability, customer satisfaction, financial stability and product diversity make it the top choice for smokers.

Best Term Life Insurance for Smokers in Boston
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4690
2Nationwide$4789
3Allstate$3489
4Protective$6188
5Transamerica$3588
6AAA$4988
7Prudential$4087
8Haven$7882

Best Term Life Insurance for Young Adults in Boston, MA

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for young adults in Boston, with a MoneyGeek score of 92 and an average monthly premium of $8 for men and women.

Age significantly affects premiums because younger adults typically have lower health risks. Protective's high MoneyGeek score is due to its strong customer satisfaction, affordability and financial stability.

Best Term Life Insurance for Young Adults in Boston
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$892
2Mutual of Omaha$1191
3Nationwide$1190
4AAA$1189
5Allstate$889
6Transamerica$888
7Prudential$1286
8Haven$1386
9Bestow$3183

Best Cheap Term Life Insurance in Boston, MA

How was this MoneyGeek score calculated?

In Boston, Protective offers the best cheap term life insurance, with a MoneyGeek score of 91 and average monthly premiums of $14 for men and $13 for women.

Several factors influence premiums, including age, health status, coverage amount and term length. To secure the lowest rates, maintain good health, choose a shorter term length and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Boston
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1491
2Allstate$1391
3Transamerica$1390
4Nationwide$1788
5Mutual of Omaha$1787
6AAA$1887
7Prudential$1885
8Haven$2381

Average Cost of Term Life Insurance in Boston, MA

The average monthly premiums for term life insurance in Boston are $26 for men and $24 for women. Premiums depend on age, health, lifestyle and coverage amount. Younger, healthier policyholders typically pay less, and non-smokers or those with a healthy lifestyle often get better rates.

Life insurance costs in Boston may differ from those in the rest of Massachusetts due to regional factors like economic conditions, health statistics and lifestyle trends. For example, higher health care costs or a higher cost of living in Boston could lead to increased premiums, while better health statistics might lower them.

Understanding these factors helps you choose a policy that fits your needs and budget.

FAQ: Life Insurance in Boston, MA

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

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.