Best Life Insurance in Chattanooga, TN (September 2024)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

fact checked icon

Updated: October 15, 2024

Advertising & Editorial Disclosure

In Chattanooga, Tennessee, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium cost of $28. For women, the best life insurance company is Protective with a MoneyGeek score of 92 and a monthly premium cost of $20.

Different factors should be considered when deciding on what type of life insurance to buy. These scores and premium costs are based on a 20-year term policy and $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 Chattanooga, Tennessee.

recency icon

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsuranceChattanooga, TN
2024

Best Life Insurance Companies in Chattanooga

Overall Best Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

In Chattanooga, Protective is the best life insurance provider for men and women, with a MoneyGeek score of 92 and a monthly premium of $20.

The top providers for men are:

  • Protective: MoneyGeek score of 91 out of 100 at $29 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $28 per month for men

The top providers for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $20 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $25 per month for women

Protective is the best choice for the average person looking to purchase life insurance in Chattanooga due to its high MoneyGeek scores and affordable premiums. This combination offers a balanced option for comprehensive coverage and financial stability.

mglogo
MoneyGeek Top Pick
Mutual of Omaha

For men seeking the best life insurance in Chattanooga, Mutual of Omaha stands out with an MoneyGeek score of 91 and an affordable monthly premium of $28. It excels in customer satisfaction and financial stability, ensuring peace of mind for policyholders.

Pros:

  • High customer satisfaction
  • Good affordability
  • Strong financial stability

Cons:

  • Buying process could improve
  • Lower product diversity

Best Term Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

For men seeking the best term life insurance in Chattanooga, Mutual of Omaha stands out with a MoneyGeek score of 92 at $12 per month. Women will find Protective the top choice, also with a MoneyGeek score of 92 but at a slightly lower premium of $10 per month.

These companies offer reliable coverage and competitive rates, making them attractive for the average individual prioritizing financial stability and customer satisfaction in their insurance provider. The MoneyGeek score reflects a comprehensive assessment of affordability, customer service and financial strength.

The top providers for men are:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $12 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $13 per month for men

The top providers for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $10 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $11 per month for women

Term life insurance is a policy where a fixed rate of payments is maintained for a limited period, known as the term. After the term expires, coverage is no longer guaranteed, and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

Someone might opt for term life insurance if they seek coverage to protect their family's financial stability during their working years, with the option to reassess their insurance needs later on.

mglogo
MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha emerges as the top provider of term life insurance for men in Chattanooga with a MoneyGeek score of 92. Men can secure a policy at an approximate monthly premium of $12, ensuring both value and peace of mind.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve
mglogo
MoneyGeek Top Pick
Protective

With a MoneyGeek score of 92, Protective stands out as the leading term life insurance provider for women in Chattanooga. The company offers a monthly premium of approximately $10, ensuring affordability without compromising on quality.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

Protective provides the best whole life insurance in Chattanooga for men and women, with a MoneyGeek score of 92. This company stands out for its excellent customer satisfaction and financial stability.

The top providers for men are:

  • Protective: MoneyGeek score of 92 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

The top providers for women are:

  • Protective: MoneyGeek score of 92 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance is a type of permanent life insurance that offers a death benefit and a cash value component, which can grow over time. For instance, someone might choose whole life insurance to ensure lifelong coverage and provide an inheritance to their beneficiaries, regardless of when they pass away.

mglogo
MoneyGeek Top Pick
Protective

For the best whole life insurance in Chattanooga, Protective stands out for men and women, earning an overall MoneyGeek score of 92. Their commitment to customer satisfaction and financial stability has set them apart as a leading choice in the market.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve
  • More product variety needed

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.

widget-location-pin
Insurance Rates

Best Universal Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

Protective provides the best universal life insurance in Chattanooga, with a MoneyGeek score of 91 for both men and women. This score reflects the company's strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity.

The top providers for men are:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

The top providers for women are:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance offers flexible premiums and death benefits, making it a versatile option for long-term financial planning. For example, someone who wants the ability to adjust their coverage as their financial situation changes might choose universal life insurance over term life insurance.

mglogo
MoneyGeek Top Pick
Protective

Protective emerges as the top choice for universal life insurance in Chattanooga, offering the highest MoneyGeek scores of 91 for both men and women. With exceptional customer satisfaction and strong financial stability, Protective stands out in the market.

Pros:

  • High customer contentment
  • Strong affordability
  • Solid financial foundation

Cons:

  • Buying process complexity

Best No-Medical-Exam Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

In Chattanooga, Protective provides the best life insurance with no mandatory medical exam for men and women, boasting a MoneyGeek score of 91. This top ranking highlights Protective's commitment to offering a balanced mix of affordability, customer satisfaction and financial stability.

The top providers for men are:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

The top providers for women are:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

No-medical-exam life insurance allows individuals to obtain coverage quickly and without the need for a medical check-up. For example, someone with a busy lifestyle or a minor pre-existing condition might opt for this insurance over traditional policies to bypass the time-consuming medical underwriting process.

mglogo
MoneyGeek Top Pick
Protective

In Chattanooga, Protective stands out as the premier choice for no-medical-exam life insurance for both men and women, with MoneyGeek scores of 91 for each group. This reflects a strong alignment with customer needs and a commitment to financial stability.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process improvements needed

How Much Life Insurance Do You Need?

Answer three simple questions to get your recommended coverage amount.

Incognito iconYour information is anonymous and secure
Income icon
Saving icon
debt icon

Best Term Life Insurance for Seniors in Chattanooga, TN

How was this MoneyGeek score calculated?

For men seeking the best life insurance for seniors in Chattanooga, Mutual of Omaha leads with a MoneyGeek score of 67 and a monthly premium of $48. Protective is the best for women with the same score of 67 and a slightly lower premium of $42.

Age is a determining factor in life insurance premiums; as risk increases with age, so does the cost. Both Mutual of Omaha and Protective achieve high MoneyGeek scores due to their balance of affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Seniors in Chattanooga
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$48MG Score out of 10092
2CompanyProtectivePremium$56MG Score out of 10091
3CompanyNationwidePremium$49MG Score out of 10091
4CompanyTransamericaPremium$58MG Score out of 10087
5CompanyPrudentialPremium$59MG Score out of 10086
6CompanyState FarmPremium$85MG Score out of 10085
7CompanyAAAPremium$84MG Score out of 10085
8CompanyAllstatePremium$94MG Score out of 10084
9CompanyHavenPremium$93MG Score out of 10082

Best Term Life Insurance for Smokers in Chattanooga, TN

How was this MoneyGeek score calculated?

Mutual of Omaha stands out as the provider of the best term life insurance for smokers in Chattanooga, with a MoneyGeek score of 91 for men and 89 for women, with monthly premiums at $27 and $25, respectively.

Smoking significantly increases the cost of life insurance premiums due to the associated health risks. Insurers like Mutual of Omaha assess these risks when determining premium costs. The high MoneyGeek scores reflect the company's strong performance across various metrics including customer satisfaction, affordability and financial stability.

Best Term Life Insurance for Smokers in Chattanooga
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$27MG Score out of 10091
2CompanyNationwidePremium$32MG Score out of 10089
3CompanyAllstatePremium$24MG Score out of 10088
4CompanyProtectivePremium$39MG Score out of 10088
5CompanyTransamericaPremium$23MG Score out of 10088
6CompanyPrudentialPremium$27MG Score out of 10087
7CompanyState FarmPremium$37MG Score out of 10086
8CompanyAAAPremium$50MG Score out of 10085
9CompanyHavenPremium$48MG Score out of 10083

Best Term Life Insurance for Young Adults in Chattanooga, TN

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Chattanooga, Protective stands out for women with a MoneyGeek score of 92 and a monthly premium of $6. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $8.

Age is a significant factor in the cost of life insurance premiums. Younger adults typically benefit from lower premiums due to their lower risk profiles. Protective and Mutual of Omaha have the highest MoneyGeek scores due to their strong affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in Chattanooga
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$8MG Score out of 10092
2CompanyProtectivePremium$8MG Score out of 10092
3CompanyNationwidePremium$9MG Score out of 10090
4CompanyTransamericaPremium$9MG Score out of 10088
5CompanyAAAPremium$13MG Score out of 10087
6CompanyAllstatePremium$13MG Score out of 10086
7CompanyHavenPremium$10MG Score out of 10086
8CompanyState FarmPremium$15MG Score out of 10085
9CompanyPrudentialPremium$12MG Score out of 10085
10CompanyBestowPremium$20MG Score out of 10083

Best Cheap Term Life Insurance in Chattanooga, TN

How was this MoneyGeek score calculated?

The best cheap term life insurance in Chattanooga for men is provided by Mutual of Omaha with a MoneyGeek score of 92 and a monthly premium of $12. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $10.

Several factors influence life insurance premiums, including age, health, coverage amount and term length. To secure the lowest premiums, individuals should maintain a healthy lifestyle, avoid tobacco and choose a shorter term length or lower coverage amount. Mutual of Omaha and Protective have the highest MoneyGeek scores due to their strong customer satisfaction, financial stability and affordability.

Best Cheap Term Life Insurance in Chattanooga
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$12MG Score out of 10092
2CompanyNationwidePremium$13MG Score out of 10091
3CompanyProtectivePremium$13MG Score out of 10091
4CompanyTransamericaPremium$14MG Score out of 10089
5CompanyPrudentialPremium$18MG Score out of 10084
6CompanyAllstatePremium$21MG Score out of 10084
7CompanyHavenPremium$18MG Score out of 10084
8CompanyAAAPremium$21MG Score out of 10084
9CompanyState FarmPremium$23MG Score out of 10082

Average Cost of Term Life Insurance in Chattanooga, TN

In Chattanooga, the average cost of term life insurance premiums is $20 for women and $26 for men. Several factors affect these premiums, including age, health, occupation, lifestyle and the terms of the policy.

Life insurance costs in Chattanooga might differ from the rest of Tennessee for various reasons. Local health statistics can influence premiums, as areas with higher health risks may see higher costs.

Economic conditions also play a role, as areas with higher living costs might have higher insurance premiums. Additionally, local risk factors, such as crime rates or environmental hazards, can impact costs. The level of competition among insurers in the area can also affect premium prices. Understanding these factors can help consumers make informed decisions when purchasing life insurance in Chattanooga.

FAQ About Life Insurance in Chattanooga, TN

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

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.


sources