Best Life Insurance in Grand Rapids, MI (October 2024)


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In Grand Rapids, Michigan, the best life insurance provider for men is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $26. The top provider for women is Protective, with a MoneyGeek score of 92 and an average monthly premium of $19.

Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $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 Grand Rapids, Michigan.

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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 InsuranceGrand Rapids, M
2024

Best Life Insurance Companies in Grand Rapids

Overall Best Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

In Grand Rapids, Protective offers the best life insurance for women, with a MoneyGeek score of 92 and an average monthly premium of $19. For men, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $26.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $26 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $27 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $19 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $23 per month for women

These companies offer reliable and cost-effective life insurance options, making them ideal choices for residents of Grand Rapids.

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MoneyGeek Top Pick
Mutual of Omaha

Men seeking the best life insurance in Grand Rapids can go for Mutual of Omaha. It received a MoneyGeek score of 91 and has an average monthly premium of $26. Women's best option is Protective, with a MoneyGeek score of 92 and an average monthly premium of $19.

Mutual of Omaha

Pros:

  • High client satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Protective

Pros:

  • High satisfaction from customers
  • Competitively priced premiums
  • Stable financial background

Cons:

  • Buying process could be smoother

Best Term Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

In Grand Rapids, Mutual of Omaha and Protective are the leading providers of term life insurance for men and women, respectively. Mutual of Omaha has a MoneyGeek score of 92 at about $11 per month for men, while Protective achieves a score of 91 at $10 per month for women.

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $11 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $12 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 91 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 provides a death benefit over a set term, offering a safety net for dependents without long-term commitment or cash value accumulation. For instance, a parent might choose the best term life insurance to ensure their child's education is funded in the event of their untimely passing.

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MoneyGeek Top Pick
Mutual of Omaha

For men seeking the best term life insurance in Grand Rapids, Mutual of Omaha is the top choice, earning a MoneyGeek score of 92. The company offers an affordable monthly premium of about $11, making it a financially sound option.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could be improved
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MoneyGeek Top Pick
Protective

Protective is the premier provider of term life insurance for women in Grand Rapids. It has a MoneyGeek score of 91 and a monthly premium of around $10, representing a blend of value and quality.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Robust financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

For those seeking the best whole life insurance in Grand Rapids, Protective is the leading option, with a MoneyGeek score of 92. This score reflects its strong affordability, customer satisfaction and financial stability.

Top whole life companies in Grand Rapids:

  • 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 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 they can borrow against in the future.

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MoneyGeek Top Pick
Protective

Protective has the best whole life insurance in Grand Rapids with top-tier services. With a MoneyGeek score of 92 for both men and women, Protective combines customer satisfaction, affordability and financial stability.

Pros:

  • High customer satisfaction
  • Solid financial stability

Cons:

  • Buying process could be improved

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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Insurance Rates

Best Universal Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

Protective is the leading provider of the best universal life insurance in Grand Rapids for men and women, with a MoneyGeek score of 91. It offers a reliable option for those seeking financial security and comprehensive insurance.

Best universal life insurance companies:

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

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MoneyGeek Top Pick
Protective

Protective offers the top universal life insurance in Grand Rapids, with a MoneyGeek score of 91 for men and women. The company's commitment to customer satisfaction and affordability makes it a strong choice for life insurance seekers in the area.

Pros:

  • High customer satisfaction
  • Competitive pricing
  • Reliable financial stability

Cons:

  • Buying process could be better

Best No-Medical-Exam Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

Protective tops the list of the best no-medical-exam life insurance providers in Grand Rapids, garnering a MoneyGeek score of 91 for men and women.

Best life insurance companies that do not require a medical exam:

  • 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 required medical exam allows individuals to obtain coverage quickly. This can be particularly beneficial for those who need immediate coverage or have health issues that could complicate a traditional application process. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid being denied or facing higher premiums.

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MoneyGeek Top Pick
Protective

Protective offers the best life insurance with no mandatory medical exam in Grand Rapids, catering to both men and women. With a MoneyGeek score of 91, it is committed to customer satisfaction and financial stability excellence.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Rigid buying process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Grand Rapids, MI

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for seniors in Grand Rapids, Mutual of Omaha leads with a MoneyGeek score of 66 and a monthly premium of around $45. Women find their best option with Protective, scoring 64 with a premium of $41.

Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Protective's and Mutual of Omaha's MoneyGeek scores reflect their commitment to affordability, customer satisfaction, financial stability and product diversity.

Best Term Life Insurance for Seniors in Grand Rapids
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4592
2Protective$5291
3Nationwide$4391
4Transamerica$5487
5Prudential$5486
6AAA$7486
7Allstate$8085
8State Farm$8784
9Haven$8283

Best Term Life Insurance for Smokers in Grand Rapids, MI

How was this MoneyGeek score calculated?

In Grand Rapids, Mutual of Omaha offers the best term life insurance for smokers. It has a MoneyGeek score of 91 for men and 89 for women, with average monthly premiums of $25 and $24, respectively.

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 provides valuable coverage at competitive prices. This information is crucial for smokers who need a reliable policy that can accommodate their circumstances without compromising quality or cost.

Best Term Life Insurance for Smokers in Grand Rapids
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2591
2Nationwide$3089
3Transamerica$2288
4Protective$3788
5Prudential$2487
6State Farm$3386
7AAA$4585
8Allstate$3984
9Haven$4383

Best Term Life Insurance for Young Adults in Grand Rapids, MI

How was this MoneyGeek score calculated?

If you're searching for the best term life insurance for young adults in Grand Rapids, consider Mutual of Omaha for men, with a MoneyGeek score of 92 and a monthly premium of about $7. For women, Protective stands out, with a score of 92 and a premium of $6.

Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower rates. Choosing a reliable term life insurance is essential for securing financial protection at a reasonable cost.

Best Term Life Insurance for Young Adults in Grand Rapids
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$792
2Protective$892
3Nationwide$890
4AAA$1188
5Transamerica$888
6Haven$986
7Allstate$1286
8Prudential$1185
9State Farm$1585
10Bestow$1983

Best Cheap Term Life Insurance in Grand Rapids, MI

How was this MoneyGeek score calculated?

For men, Nationwide is the top provider of the best cheap term life insurance in Grand Rapids, with a MoneyGeek score of 92 and a monthly premium of around $12. Protective takes the lead for women, with a MoneyGeek score of 91 and a premium of $10.

Factors such as age, health, coverage amount and term length affect life insurance costs. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Grand Rapids
Data filtered by:Results filtered by:
Sex:
Sex:M
1Nationwide$1292
2Mutual of Omaha$1192
3Protective$1291
4Transamerica$1389
5AAA$1886
6Prudential$1686
7Haven$1685
8Allstate$2084
9State Farm$2382

Average Cost of Term Life Insurance in Grand Rapids, MI

In Grand Rapids, the average monthly premium for term life insurance is $18 for women and $24 for men.

Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage you choose. Insurers assess these factors to determine the risk for them by insuring you.

The cost of life insurance in Grand Rapids might differ from the rest of Michigan due to local health statistics, economic conditions, specific regional risk factors and other reasons. For example, premiums might be higher if a region has higher health care costs or a higher case of certain health conditions. Conversely, areas with lower living costs or better overall health statistics might see lower premiums.

Always consider your circumstances and the specific conditions of your area when evaluating your options.

FAQ About Life Insurance in Grand Rapids, MI

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

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.


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