Best Life Insurance Companies in Kansas

If you are looking for a life insurance policy in Kansas, you probably want to ensure the financial security of your dependents after you pass away. Life insurance companies in Kansas offer different coverage options depending on your specific needs. If you want to find the most affordable options, comparing life insurance quotes in Kansas will help you find the best and cheapest options. MoneyGeek has analyzed life insurance quotes in Kansas for different categories based on age, gender and whether or not you smoke to help you identify the best life insurance companies in Kansas.

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Best Cheap Life Insurance in Kansas

When buying a life insurance policy in Kansas, you can go with low coverage options if you want to have lower monthly premiums. However, the lower the coverage you select, the fewer expenses your policy will cover after your passing. This means that for most people, higher coverage often provides better protection for their beneficiaries.

In Kansas, a life insurance policy with a coverage of $250,000 will cost $9.99 monthly for men and $9.41 monthly for women if you buy your policy from MassMutual, the cheapest option in Kansas for men and women alike.

In most cases, $250,000 may be insufficient coverage for people in Kansas. Based on the cost of living in Kansas, average incomes, average personal debt and average ages in the state, MoneyGeek recommends a coverage level of $661,000. This higher coverage may attract higher monthly premiums, but it will cover more funeral and ongoing expenses.

For a policy with the recommended coverage of $661,000, the best life insurance company in Kansas is Nationwide, which offers the cheapest monthly rates for men and women at $16.66 and $14.09, respectively.

Best Cheap Life Insurance Companies in Kansas: Males

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  • Company
    $250K Coverage
    Suggested Coverage: $661k
  • Nationwide
    $10.63
    $16.66
  • MassMutual
    $9.99
    $16.75
  • Mutual of Omaha
    $10.84
    $17.63
  • Transamerica
    $13.93
    $26.88
  • State Farm
    $18.40
    $33.98
  • AAA
    $19.21
    $40.79
  • Progressive Life
    $21.73
    $43.58
  • Prudential
    $25.81
    $65.67
Best Cheap Life Insurance Companies in Kansas: Females

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  • Company
    $250K Coverage
    Suggested Coverage: $661k
  • Nationwide
    $10.43
    $14.09
  • Mutual of Omaha
    $10.65
    $14.56
  • MassMutual
    $9.40
    $14.68
  • Transamerica
    $12.58
    $25.86
  • State Farm
    $19.57
    $31.36
  • Progressive Life
    $17.81
    $33.90
  • AAA
    $16.63
    $34.61
  • Prudential
    $18.97
    $47.86

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Kansas using average buyer profile statistics in Kansas, including average age of 30, average weight of 202 pounds for males and 160 pounds for females, and an average coverage need of $661,000.

What Is the Average Cost of Life Insurance for Companies in Kansas?

Gender is a key factor in the cost of life insurance in Kansas. Women typically pay lower rates for life insurance because they have a longer lifespan than men. For example, if you are a man living in Kansas, you will pay an average of $18.40 monthly for a policy with $250,000 coverage, while women will pay $16.14 per month for similar coverage.

For those who want to increase their coverage to the recommended $661,000, the monthly cost will increase by $19.74 for men to $38.14 monthly. The average price for women will increase by $15.52 to $31.66 per month.

Most Popular Life Insurance Companies in Kansas

When buying life insurance in Kansas, the popularity of the insurer can give you an indication of their financial stability. This can help you identify an insurer with a solid track record. The most popular life insurance companies will typically have the most significant portion of the market share.

In Kansas, the seven most popular life insurance companies take up 37% of the state’s total life insurance market share. The most popular company, Northwestern Mutual, commands 9.87% of Kansas’s total life insurance market share.

Most Popular Life Insurance Companies in Kansas

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  • Company
    Market Share
  • Northwestern Mutual
    9.87%
  • New York Life
    5.99%
  • State Farm
    4.73%
  • Lincoln Financial
    4.61%
  • Prudential Financial Inc.
    4.34%
  • Iowa Farm Bureau Federation
    4.22%
  • MassMutual
    3.64%

Life insurance market share data for Kansas is based off of total premiums written in the state and was sourced from 2020 S&P Global Data reports.

Which Companies Have the Best Life Insurance Rates for Young People in Kansas?

The cost of life insurance in Kansas will be determined to a large extent by your age. The younger you are, the less you pay for life insurance. This means that purchasing a life insurance policy at a young age can help you make significant savings on your monthly premiums.

The cheapest life insurance companies in Kansas for young people are:

  • Mutual of Omaha: $15.73 per month
  • MassMutual: $16.03 per month
Best Life Insurance Companies for Young People in Kansas

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  • Company
    Monthly Cost
  • Mutual of Omaha
    $15.73
  • MassMutual
    $16.03
  • Transamerica
    $17.27
  • Prudential
    $18.76
  • Nationwide
    $21.00
  • State Farm
    $22.67
  • Progressive Life
    $22.86
  • AAA
    $24.82

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Kansas who is 5 ft 10 inches and 172 pounds that purchases a 20-year term contract at the average coverage need of $280,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Which Companies Have the Best Life Insurance Rates for Seniors in Kansas?

Life insurance for seniors is more costly because senior people have a lower life expectancy. However, seniors in Kansas can still find inexpensive life insurance options in the state. For seniors in Kansas, the most affordable life insurance companies are:

  • MassMutual: $38.37 per month
  • Mutual of Omaha: $43.47 per month

The policy suggested for seniors has $100,000 in coverage which is lower than the coverage suggested for younger people. Generally, seniors will not have young families to support, so they can opt for policies with lower coverage amounts since the ongoing expenses are likely to be lower.

Best Life Insurance Companies for Seniors in Kansas

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  • Company
    Monthly Cost
  • MassMutual
    $38.37
  • Mutual of Omaha
    $43.47
  • Nationwide
    $44.19
  • State Farm
    $51.50
  • Progressive Life
    $69.17
  • AAA
    $72.34
  • Prudential
    $79.39
  • Transamerica
    $80.80

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Kansas who is 5 ft 10 inches and 202 pounds that purchases a 10-year term contract at the average coverage need of $84,000.

Which Companies Have the Best Life Insurance Rates for Smokers in Kansas?

Smokers in Kansas pay more for life insurance because smoking puts them at a higher risk of illness, impacting average life expectancy. This means smokers in Kansas pay higher rates compared to non-smokers. However, there are still affordable life insurance policies for smokers who are in good health.

If you smoke, the least expensive life insurance companies in Kansas are:

  • Nationwide: $107.80 per month
  • MassMutual: $108.32 per month
Best Life Insurance Companies for Smokers in Kansas

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  • Company
    Monthly Cost
  • Nationwide
    $107.80
  • MassMutual
    $108.32
  • State Farm
    $108.48
  • Mutual of Omaha
    $118.50
  • Transamerica
    $118.55
  • Progressive Life
    $164.34
  • Prudential
    $176.88
  • AAA
    $196.90

Rates were determined by analyzing quotes for a 30-year-old male smoker in Kansas who is 5 ft 10 inches and 202 pounds that purchases a 20-year term contract at the average coverage need of $661,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.

Kansas Life Insurance Laws You Should Know

Chapter 40 of Kansas Statutes oversees life insurance in Kansas. Before you buy a life insurance policy in Kansas, it is essential to understand how Kansas insurance laws protect you. Here are some of the key Kansas life insurance regulations that you need to know:

  • No free look period: Kansas insurance laws do not provide a free look period when buying life insurance in Kansas. This means that it is up to the insurer to offer you a free look period during which you can cancel your policy and get a full refund. Some insurers may offer a free look period, but Kansas insurance laws do not require it.
  • 30 Day grace period for premiums: if you are late on your premium payments, Kansas insurance laws mandate that you have a 30-day grace period to make the payment. This means that your insurance company will not cancel your policy provided you pay within the 30 day grace period.
  • Life Insurance Guaranty in Kansas: if your insurer becomes insolvent, the Kansas Life & Health Insurance Guaranty Association will cover you for up to $300,000 death benefit per insured life and $100,000 cash surrender per insured.

Methodology

To calculate the recommended coverage for Kansas, MoneyGeek used data on per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and the average age in Kansas. However, this recommended coverage may not suit everyone since your circumstances may require a higher or lower coverage amount.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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