Best Life Insurance in Downey, CA (October 2024)

Protective is the best life insurance provider in Downey, California, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $28 for males and $25 for females. These scores and premiums are based on a 20-year term policy with $500,000 coverage.

When choosing life insurance, consider various factors such as policy terms, coverage amount and your unique needs.

In Downey, Protective offers the best life insurance, with MoneyGeek scores of 92 for men and 91 for women and average monthly premiums of $28 and $25, respectively.

Top companies for men:

• Protective: MoneyGeek score of 92 out of 100 at $28 per month
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $34 per month

Top companies for women:

• Protective: MoneyGeek score of 91 out of 100 at $25 per month
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $31 per month

Protective's high MoneyGeek scores and lower monthly premiums make it the best choice for life insurance.

Protective has the best term life insurance in Downey, with a MoneyGeek score of 92 for men and women. The average monthly premiums are $14 for males and $13 for females. Its high affordability, customer satisfaction and financial stability scores make it a top choice for reliable coverage.

Top term life insurance companies for men:

• Protective: MoneyGeek score of 92 out of 100 at $14 per month
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $17 per month

Top term life insurance companies for women:

• Protective: MoneyGeek score of 92 out of 100 at $13 per month
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $18 per month

Term life insurance provides a death benefit for a specific period. For example, a parent might choose term insurance to ensure their child's education is funded if they pass away before the child finishes school.

Protective offers the best whole life insurance in Downey, achieving a MoneyGeek score of 92 for men and women. The company performs strongly in 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 is permanent insurance that covers the insured's entire lifetime. Someone may choose it for its cash value, which grows over time and can be used as a financial resource while alive.

In Downey, Protective has the best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates 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

Universal life insurance offers flexible, permanent coverage with a death benefit and a savings component. Someone might prefer it over term life insurance for its lifelong protection and the potential to build cash value that can grow over time.

Protective offers the best life insurance without a medical exam requirement in Downey. 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 health check. It suits those needing quick insurance or facing challenges with traditional policies due to health issues. For instance, someone with a chronic illness might choose this option to avoid the stress of medical underwriting and still secure coverage.

Protective offers the best term life insurance for seniors in Downey, with MoneyGeek scores of 91 for men and 90 for women. The average monthly premiums are $67 for males and $64 for females.

Age affects insurance premiums, with higher rates for seniors due to increased health risk. Protective's top MoneyGeek score highlights its strong performance in affordability, customer satisfaction and financial stability, making it great for seniors seeking a balance of cost and quality.

Mutual of Omaha provides the best term life insurance for smokers in Downey, with MoneyGeek scores of 90 for men and 89 for women. Monthly premiums average $72 for males and $76 for females.

Smoking significantly impacts life insurance premiums, often resulting in higher rates for smokers due to the associated health risks. Mutual of Omaha's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — critical factors for smokers seeking coverage that fits their needs.

Protective offers the best term life insurance for young adults in Downey, with a MoneyGeek score of 92 and average monthly premiums of $9 for men and $8 for women.

Younger policyholders typically enjoy cheaper premiums due to lower health risks. Protective's high MoneyGeek score reflects its strong customer satisfaction, affordability and financial stability.

In Downey, Protective offers the best cheap term life insurance, with a MoneyGeek score of 92 and an average monthly premium of $14 for men and women.

Age, health and coverage influence rates. To get the lowest premiums, maintain good health, quit smoking and compare quotes from different insurers.

In Downey, the average monthly premiums for term life insurance are $27 for men and $23 for women.

Several factors affect life insurance costs, including age, health, lifestyle, coverage amount and policy type. Local conditions also influence rates. In Downey, factors like health statistics, crime rates, cost of living and competition among insurers may cause premiums to differ from other parts of California.

Understanding these factors can help you make informed decisions when purchasing life insurance.