Best Life Insurance in Charlotte, NC (October 2024)


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Updated: October 14, 2024

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In Charlotte, North Carolina, Mutual of Omaha is the best life insurance company for men, with a MoneyGeek score of 91 and an average monthly premium of $31. For women, Protective is the top choice, scoring 92 and charging $21 monthly. These figures are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider the coverage amount, term length and your health. 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 Charlotte, North Carolina.

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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 InsuranceCharlotte, NC
2024

Best Life Insurance Companies in Charlotte

Overall Best Life Insurance in Charlotte, NC

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best life insurance in Charlotte for men, with a MoneyGeek score of 91 and an average monthly premium of $31. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $21.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $31 per month
  • Protective: MoneyGeek score of 91 out of 100 at $31 per month

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $21 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $26 per month

Mutual of Omaha and Protective are strong choices due to their high MoneyGeek scores and competitive premiums, offering a good balance of affordability, customer satisfaction and financial stability.

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MoneyGeek Top Pick
Mutual of Omaha

In Charlotte, men find their best life insurance option in Mutual of Omaha, which scores 91 and charges $31 monthly. It performs well in customer satisfaction and financial stability and provides reliable coverage choices.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Strong financial stability

Cons:

  • Complex buying process
  • Less diverse products
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MoneyGeek Top Pick
Protective

Protective stands out for Charlotte women seeking life insurance. With a MoneyGeek score of 92 and a monthly premium of $21, it offers quality service and stability.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Solid financial stability

Cons:

  • Buying process could be better

Best Term Life Insurance in Charlotte, NC

How was this MoneyGeek score calculated?

For men seeking the best term life insurance in Charlotte, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $13. Women find their top choice with Protective, scoring 91 at just $10 monthly. These companies offer the highest value in terms of customer satisfaction, financial stability and product diversity.

Top term life insurance companies for men:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $13 per month
  • Protective: MoneyGeek score of 91 out of 100 at $14 per month

Top term life insurance companies for women:

  • Protective: MoneyGeek score of 91 out of 100 at $10 per month
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $12 per month

Term life insurance provides coverage for a set period, paying a benefit if the insured dies during that time. For example, a parent might buy it to cover their child’s education if they pass away unexpectedly.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top term life insurance provider for men in Charlotte, with a MoneyGeek score of 92. Offering a monthly premium of just $13, it combines affordability with high customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective is the top choice for women seeking term life insurance in Charlotte. With a MoneyGeek score of 91 and a monthly premium of $10, it offers a balance of quality service and affordability.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Solid financial stability

Cons:

  • Buying process could improve
  • Lack product variety

Best Whole Life Insurance in Charlotte, NC

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Charlotte, with a MoneyGeek score of 92 for men and women. This score reflects excellence in 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 is a permanent policy that provides a death benefit and builds cash value over time. It benefits those who want consistent premiums and a guaranteed asset for their beneficiaries. For example, a parent might choose whole life insurance to fund their child's education no matter what happens.

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MoneyGeek Top Pick
Protective

Protective is Charlotte's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's excellence in customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Solid financial stability

Cons:

  • Needs buying process improvements

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 Charlotte, NC

How was this MoneyGeek score calculated?

Protective has Charlotte's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score indicates strong performance in 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 offers flexible premiums and death benefits, which suits those seeking long-term financial planning and cash value growth potential. For example, someone interested in estate planning might opt for it to ensure financial protection for their beneficiaries without the constraints of a term policy.

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MoneyGeek Top Pick
Protective

Protective is the leading universal life insurance provider in Charlotte, with a MoneyGeek score of 91 for men and women. This score reflects a strong combination of customer satisfaction, affordability and financial stability.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Solid financial stability

Cons:

  • Buying process could improve
  • Needs more product diversity

Best No-Medical-Exam Life Insurance in Charlotte, NC

How was this MoneyGeek score calculated?

In Charlotte, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong combination 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 provides coverage quickly and with less hassle than traditional policies requiring medical screenings. For example, someone with a busy lifestyle or concerns about health assessments might opt for this type of insurance for convenience.

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MoneyGeek Top Pick
Protective

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

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Strong financial stability

Cons:

  • Rigid buying process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Charlotte, NC

How was this MoneyGeek score calculated?

For older men seeking the best term life insurance for seniors in Charlotte, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $52. Protective is the top choice for women, scoring 91 and charging $44 monthly.

Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, thanks to their strong scores, which indicate customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.

Best Term Life Insurance for Seniors in Charlotte
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$52MG Score out of 10092
2CompanyProtectivePremium$60MG Score out of 10091
3CompanyNationwidePremium$53MG Score out of 10091
4CompanyAllstatePremium$54MG Score out of 10088
5CompanyTransamericaPremium$62MG Score out of 10087
6CompanyPrudentialPremium$64MG Score out of 10086
7CompanyState FarmPremium$92MG Score out of 10085
8CompanyAAAPremium$91MG Score out of 10085
9CompanyHavenPremium$101MG Score out of 10082

Best Term Life Insurance for Smokers in Charlotte, NC

How was this MoneyGeek score calculated?

Mutual of Omaha provides the best term life insurance for smokers in Charlotte, with MoneyGeek scores of 91 for men and 89 for women. The average monthly premiums are $29 for males and $26 for females.

Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha provides valuable coverage at competitive prices, making it a top choice for smokers.

Best Term Life Insurance for Smokers in Charlotte
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$29MG Score out of 10091
2CompanyNationwidePremium$35MG Score out of 10089
3CompanyProtectivePremium$42MG Score out of 10088
4CompanyTransamericaPremium$25MG Score out of 10088
5CompanyPrudentialPremium$26MG Score out of 10087
6CompanyState FarmPremium$40MG Score out of 10086
7CompanyAllstatePremium$39MG Score out of 10086
8CompanyAAAPremium$54MG Score out of 10085
9CompanyHavenPremium$52MG Score out of 10083

Best Term Life Insurance for Young Adults in Charlotte, NC

How was this MoneyGeek score calculated?

For men in Charlotte seeking the best term life insurance for young adults, Mutual of Omaha ranks highest with a MoneyGeek score of 92 and an average monthly premium of $8. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $6.

Age significantly affects premiums because younger adults typically have lower health risks. The high scores for these companies reflect a strong balance of affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in Charlotte
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$8MG Score out of 10092
2CompanyProtectivePremium$9MG Score out of 10092
3CompanyNationwidePremium$9MG Score out of 10090
4CompanyAllstatePremium$9MG Score out of 10088
5CompanyTransamericaPremium$9MG Score out of 10088
6CompanyAAAPremium$14MG Score out of 10087
7CompanyHavenPremium$11MG Score out of 10086
8CompanyState FarmPremium$16MG Score out of 10085
9CompanyPrudentialPremium$13MG Score out of 10085
10CompanyBestowPremium$22MG Score out of 10083

Best Cheap Term Life Insurance in Charlotte, NC

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Charlotte, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $13. Protective is the top option for women, with a MoneyGeek score of 91 at $10 monthly.

Several factors influence premiums, including age, health rating, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, avoid tobacco and choose a term length and coverage amount that suits your needs.

Best Cheap Term Life Insurance in Charlotte
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$13MG Score out of 10092
2CompanyNationwidePremium$14MG Score out of 10091
3CompanyProtectivePremium$14MG Score out of 10091
4CompanyAllstatePremium$14MG Score out of 10090
5CompanyTransamericaPremium$15MG Score out of 10089
6CompanyPrudentialPremium$19MG Score out of 10084
7CompanyHavenPremium$19MG Score out of 10084
8CompanyAAAPremium$22MG Score out of 10084
9CompanyState FarmPremium$25MG Score out of 10082

Average Cost of Term Life Insurance in Charlotte, NC

The average monthly term life insurance premiums in Charlotte are $27 for men and $20 for women. Many factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount.

Life insurance costs in Charlotte can vary compared to other parts of North Carolina due to factors like the local economy, health care access and demographics. Higher living costs or limited health care can raise premiums, while areas with better health care and lower costs may have cheaper rates.

Considering personal and local factors helps you find coverage that fits your needs.

FAQ: Life Insurance in Charlotte, NC

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

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.