Best Life Insurance in Lexington-Fayette, KY (October 2024)


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For women, the best life insurance company in Lexington-Fayette, Kentucky, is Protective. It has a MoneyGeek score of 92 and an average monthly premium of $18. For men, the top choice is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $26.

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 Lexington-Fayette, Kentucky.

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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 InsuranceLexington-Fayet
2024

Best Life Insurance Companies in Lexington-Fayette

Overall Best Life Insurance in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Lexington-Fayette for women with a MoneyGeek score of 92 and an average monthly premium of $18. Mutual of Omaha ranks highest for men 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 $18 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $23 per month for women

Protective and Mutual of Omaha provide a balance of affordability, customer satisfaction and financial stability.

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MoneyGeek Top Pick
Protective

For women seeking life insurance in Lexington-Fayette, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $18. Men find their top choice in Mutual of Omaha, scoring 91 for $26.

Protective

Pros:

  • High customer satisfaction
  • Exceptional affordability
  • Strong financial stability

Cons:

  • Buying process could be improved

Mutual of Omaha

Pros:

  • High customer satisfaction
  • Good affordability
  • Strong financial stability

Cons:

  • Buying process needs improvement

Best Term Life Insurance in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

Mutual of Omaha is a solid choice for the best term life insurance in Lexington-Fayette for men, scoring 92 with an average monthly premium of $11. Meanwhile, Protective leads for women, with a MoneyGeek score of 91 for $9. Both companies balance affordability, customer satisfaction and financial stability.

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 $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 that covers a specified term and offers a death benefit if the insured passes away during the term. It's often chosen for its simplicity and lower cost than permanent life insurance. For example, a parent might opt for term life insurance to fund their child's education should anything happen to them.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the premier choice for men in Lexington-Fayette for the best term life insurance. It received a MoneyGeek score of 92 with an average monthly premium of just $11.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Rigid buying process
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MoneyGeek Top Pick
Protective

For women in Lexington-Fayette looking for reliable term life insurance, Protective lands at the top. With a MoneyGeek score of 92 and an average monthly premium of $9, it offers value and security to its policyholders.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Financially stable

Cons:

  • Buying process could be improved

Best Whole Life Insurance in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

In Lexington-Fayette, Protective is the provider of the best whole life insurance for both men and women, with a MoneyGeek score of 92. It's a reliable choice for individuals who value a comprehensive insurance package.

Top whole life companies in Lexington-Fayette:

  • 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

In Lexington-Fayette, Protective is the premier choice for whole life insurance for both men and women. Its MoneyGeek score of 92 shows its commitment to excellence across key categories.

Pros:

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

Cons:

  • Buying process could improve
  • More product variety

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 Lexington-Fayette, KY

How was this MoneyGeek score calculated?

For those seeking the best universal life insurance in Lexington-Fayette, Protective is the top provider for both men and women. Its MoneyGeek score of 91 reflects its robust package that balances affordability, customer satisfaction and financial stability.

Best universal life insurance for men and women:

  • Protective: MoneyGeek score of 91 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 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 is the leading choice for universal life insurance for men and women, with a MoneyGeek score of 91. This reflects a strong alignment with consumer needs regarding service and product quality.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Robust financial stability

Cons:

  • Rigid buying process
  • More product variety is needed

Best No-Medical-Exam Life Insurance in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

Protective stands as the top provider of the best no-medical-exam life insurance in Lexington-Fayette, with a MoneyGeek score of 91 for both men and women.

Top providers for no-medical-exam life insurance in Lexington-Fayette:

  • 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

In Lexington-Fayette, Protective provides the best life insurance with no mandatory medical exam, with a MoneyGeek score of 91 for both men and women. This score reflects the company's commitment to customer satisfaction and financial strength.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Limited product diversity
  • Room for improvement in the buying process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

In Lexington-Fayette, Mutual of Omaha is the best term life insurance for seniors. Its MoneyGeek scores are 67 for men and 91 for women, with average monthly premiums of $43 and $39, respectively.

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

Best Term Life Insurance for Seniors in Lexington-Fayette
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4392
2Nationwide$4291
3Protective$5990
4Allstate$4988
5Transamerica$4588
6Prudential$4787
7AAA$6887
8State Farm$7485
9Haven$9382

Best Term Life Insurance for Smokers in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

For both men and women seeking the best term life insurance for smokers in Lexington-Fayette, Mutual of Omaha is the top choice. It received MoneyGeek scores of 91 for men and 89 for women, with average monthly premiums of $25 and $22, 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 Lexington-Fayette
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2591
2Nationwide$3088
3Transamerica$2288
4Protective$3688
5Prudential$2587
6State Farm$3486
7Allstate$3386
8AAA$4585
9Haven$4383

Best Term Life Insurance for Young Adults in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Lexington-Fayette, Protective received the highest MoneyGeek score of 92. Its average monthly premium is $7 for men and $6 for women.

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 Lexington-Fayette
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$792
2Mutual of Omaha$792
3Nationwide$890
4Allstate$889
5Transamerica$888
6AAA$1287
7Haven$986
8State Farm$1485
9Prudential$1285
10Bestow$1883

Best Cheap Term Life Insurance in Lexington-Fayette, KY

How was this MoneyGeek score calculated?

The best cheap term life insurance in Lexington-Fayette is Mutual of Omaha for men with a MoneyGeek score of 92 and an average monthly premium of $11. Protective leads for women with a MoneyGeek score of 91 and an average monthly premium of $9.

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 Lexington-Fayette
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$1192
2Nationwide$1392
3Protective$1291
4Allstate$1290
5Transamerica$1389
6Prudential$1685
7Haven$1684
8AAA$1984
9State Farm$2182

Average Cost of Term Life Insurance in Lexington-Fayette, KY

The average monthly premium for term life insurance in Lexington-Fayette is $18 for women and $23 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 Lexington-Fayette might differ from the rest of Kentucky 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 Lexington-Fayette, KY

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

About Mark Fitzpatrick


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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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