Best Life Insurance in Knoxville, TN (August 2024)


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Updated: October 4, 2024

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In Knoxville, Tennessee, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium of $27. For women, the best company is Protective with a MoneyGeek score of 92 and a monthly premium of $18. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors should be considered when deciding on the type of life insurance to buy. 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 Knoxville, Tennessee.

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

1,488Quotes Analyzed
 
14Companies Compared
 
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MoneyGeek Logo IconBestLife InsuranceKnoxville, TN
2024

Best Life Insurance Companies in Knoxville

Overall Best Life Insurance in Knoxville, TN

How was this MoneyGeek score calculated?

If you're looking for the best life insurance in Knoxville, Mutual of Omaha stands out for men with a MoneyGeek score of 91 out of 100 at $27 per month. For women, Protective leads with a MoneyGeek score of 92 out of 100 at $18 per month.

The top providers for men are:

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

The top providers for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $23 per month for women

Both companies, with their high MoneyGeek scores and low premiums, provide reliable options for those seeking life insurance in Knoxville.

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MoneyGeek Top Pick
Mutual of Omaha

For men seeking the best life insurance in Knoxville, Mutual of Omaha leads with a score of 91 and a $27 monthly premium. It offers reliable coverage and customer satisfaction.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Diverse product offerings

Cons:

  • Buying process could improve

Best Term Life Insurance in Knoxville, TN

How was this MoneyGeek score calculated?

For those seeking the best term life insurance in Knoxville, Mutual of Omaha and Protective emerge as the leading providers for men and women, respectively. Mutual of Omaha has a MoneyGeek score of 92 at $11 per month for men, while Protective leads for women with a score of 92 at $9 per month. These companies offer competitive premiums and high customer satisfaction.

The top providers 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

The top providers for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $9 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

Term life insurance is a policy where coverage is provided for a specified term, offering a death benefit if the insured passes away during the term. For example, a parent may purchase a 20-year term policy to ensure their child's education costs are covered in the event of their untimely death. This type of insurance is often chosen for its affordability and simplicity compared to whole life insurance.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha stands out as the premier choice for term life insurance in Knoxville for men. With a MoneyGeek score of 92, it offers a monthly premium of $11, presenting a balance of cost and quality.

Pros:

  • High customer contentment
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

For women in Knoxville seeking reliable term life insurance, Protective stands out with a stellar MoneyGeek score of 92. With a monthly premium cost of just $9, it offers a balance of affordability and security.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Knoxville, TN

How was this MoneyGeek score calculated?

For those in Knoxville seeking the best whole life insurance, Protective stands out with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to excellence across various factors, including 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 offers lifelong coverage and can be an essential part of financial planning, providing a death benefit and the potential for cash value growth over time. For example, someone may choose whole life insurance to ensure their family's financial security or to leave an inheritance, regardless of when they pass away.

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MoneyGeek Top Pick
Protective

For residents of Knoxville seeking reliable whole life insurance, Protective emerges as the top choice for both men and women, with an impressive MoneyGeek score of 92 for each. The company stands out for its excellence in customer satisfaction and financial stability, ensuring policyholders receive quality service and dependable coverage.

Pros:

  • High customer satisfaction
  • Excellent affordability for women
  • Strong financial stability

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 Knoxville, TN

How was this MoneyGeek score calculated?

Protective provides the best universal life insurance in Knoxville, with a MoneyGeek score of 91 for men and women. This score reflects Protective's strong performance across multiple dimensions, including 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

Universal life insurance offers flexibility in premiums and death benefits, which can be appealing for those with changing financial circumstances. For example, a parent might choose universal life insurance to provide for their child's future, knowing they can adjust their coverage as their financial situation evolves.

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MoneyGeek Top Pick
Protective

For those seeking the best universal life insurance in Knoxville, Protective emerges as the leading provider for both men and women, with a MoneyGeek score of 91. The company's high ratings in customer satisfaction and financial stability make it a reliable choice.

Pros:

  • High customer satisfaction
  • Strong financial stability
  • Good affordability for women

Cons:

  • Buying process could improve

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

How was this MoneyGeek score calculated?

Protective provides the life insurance with no mandatory medical exam in Knoxville for both men and women, with a MoneyGeek score of 91. This top ranking reflects the company's commitment to affordability, customer satisfaction and financial stability. The average individual can benefit from Protective's comprehensive offerings.

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 people to secure life insurance coverage without undergoing a physical examination. For example, someone with a busy lifestyle or a pre-existing health condition might choose such insurance for its convenience and accessibility.

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MoneyGeek Top Pick
Protective

In Knoxville, Protective is the premier choice for no-medical-exam life insurance for men and women, with MoneyGeek scores of 91 for each. This ranking reflects the company's commitment to excellence across multiple dimensions of service and value.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could be smoother
  • More product variety desired

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Knoxville, TN

How was this MoneyGeek score calculated?

In Knoxville, for women, the best term life insurance for seniors is provided by Protective , boasting a MoneyGeek score of 92 and a monthly premium of $38. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $46.

Age is a determining factor in life insurance premiums becasue the risk to insurers increases with the policyholder's age. Both Protective and Mutual of Omaha have achieved the highest MoneyGeek scores, indicating a strong balance between affordability, customer satisfaction, ease of the buying process, financial stability and product diversity.

Best Term Life Insurance for Seniors in Knoxville
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$46MG Score out of 10092
2CompanyProtectivePremium$52MG Score out of 10091
3CompanyNationwidePremium$46MG Score out of 10091
4CompanyTransamericaPremium$54MG Score out of 10087
5CompanyPrudentialPremium$56MG Score out of 10086
6CompanyState FarmPremium$80MG Score out of 10085
7CompanyAAAPremium$79MG Score out of 10085
8CompanyAllstatePremium$88MG Score out of 10084
9CompanyHavenPremium$88MG Score out of 10082

Best Term Life Insurance for Smokers in Knoxville, TN

How was this MoneyGeek score calculated?

In Knoxville, the best term life insurance for smokers is Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $25 and $23, respectively.

Smoking is a determining factor in life insurance premiums due to the associated health risks, which can lead to higher costs. A high MoneyGeek score like that of Mutual of Omaha is important because it reflects a combination of affordability, customer satisfaction, buying process ease, financial stability and product diversity. These factors are pivotal for individuals seeking reliable coverage and value.

Best Term Life Insurance for Smokers in Knoxville
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$25MG Score out of 10091
2CompanyNationwidePremium$30MG Score out of 10089
3CompanyAllstatePremium$23MG Score out of 10088
4CompanyProtectivePremium$37MG Score out of 10088
5CompanyTransamericaPremium$22MG Score out of 10088
6CompanyPrudentialPremium$25MG Score out of 10087
7CompanyState FarmPremium$35MG Score out of 10086
8CompanyAAAPremium$47MG Score out of 10085
9CompanyHavenPremium$45MG Score out of 10083

Best Term Life Insurance for Young Adults in Knoxville, TN

How was this MoneyGeek score calculated?

For the best term life insurance for young adults](https://www.moneygeek.com/insurance/life/best/young-adults/) in Knoxville, Mutual of Omaha stands out for men with a MoneyGeek score of 92 and a monthly premium of $7. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $6.

Age is a key factor in determining life insurance premiums, with younger adults generally benefiting from lower costs due to their lower risk profiles. The high MoneyGeek scores for these companies reflect their strong affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in Knoxville
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$7MG Score out of 10092
2CompanyProtectivePremium$8MG Score out of 10092
3CompanyNationwidePremium$8MG Score out of 10090
4CompanyTransamericaPremium$8MG Score out of 10088
5CompanyAAAPremium$12MG Score out of 10087
6CompanyAllstatePremium$12MG Score out of 10086
7CompanyHavenPremium$10MG Score out of 10086
8CompanyState FarmPremium$14MG Score out of 10085
9CompanyPrudentialPremium$11MG Score out of 10085
10CompanyBestowPremium$19MG Score out of 10083

Best Cheap Term Life Insurance in Knoxville, TN

How was this MoneyGeek score calculated?

For men, Mutual of Omaha offers the best cheap term life insurance in Knoxville with a MoneyGeek score of 92 and a monthly premium of $11. For women, Protective is the top provider with a MoneyGeek score of 92 and a monthly premium of $9.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Knoxville
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$11MG Score out of 10092
2CompanyNationwidePremium$13MG Score out of 10091
3CompanyProtectivePremium$12MG Score out of 10091
4CompanyTransamericaPremium$13MG Score out of 10089
5CompanyPrudentialPremium$17MG Score out of 10084
6CompanyAllstatePremium$20MG Score out of 10084
7CompanyHavenPremium$17MG Score out of 10084
8CompanyAAAPremium$19MG Score out of 10084
9CompanyState FarmPremium$21MG Score out of 10082

Average Cost of Term Life Insurance in Knoxville, TN

The average monthly premium for term life insurance in Knoxville is $18 for women and $25 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage. Insurers assess these factors to determine the risk and set the premium accordingly.

In Knoxville, the cost of life insurance might be different from the rest of Tennessee due to regional economic conditions, healthcare costs, and demographic factors. For instance, local economic stability and average healthcare expenses can impact the overall pricing of insurance premiums. Additionally, demographic factors such as the average age and health of the population in Knoxville can also play a role. Understanding these variables can help consumers make informed decisions when purchasing life insurance.

FAQ About Life Insurance in Knoxville, TN

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

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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