Best Life Insurance in Michigan (May 2024)


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ByMark Fitzpatrick
Edited byLukas Velunta
ByMark Fitzpatrick
Edited byLukas Velunta

Updated: June 18, 2024

Advertising & Editorial Disclosure

In Michigan, for women, the top life insurance provider is GEICO, with a MoneyGeek score of 96 and a monthly premium of $13. For men, it is Nationwide, with a MoneyGeek score of 97 and a monthly premium of $16. The right life insurance depends on individual needs, including coverage amount, term length and specific features.

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 Michigan.

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in Michigan: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
NationwideRank1MoneyGeek Score97
GEICORank2MoneyGeek Score97
Mutual of OmahaRank3MoneyGeek Score95
ProtectiveRank4MoneyGeek Score93
State FarmRank5MoneyGeek Score93

Overall Best Life Insurance in Michigan

How was this MoneyGeek score calculated?

Nationwide offers the best life insurance in Michigan for men with a MoneyGeek score of 97 and a monthly premium of $16. For women, GEICO leads, with a MoneyGeek score of 96 and and a monthly premium of $13.

The companies with the three highest MoneyGeek scores are:

  • Nationwide: MoneyGeek score of 97 out of 100 ($16 per month for women and men)
  • GEICO: MoneyGeek score of 97 out of 100 ($13 per month for women and men)
  • Protective: MoneyGeek score of 95 out of 100 ($12 per month for women; $18 per month for men)

Overall Best for Men: Nationwide

COMPANY HIGHLIGHTS

Nationwide provides the best life insurance in Michigan for men, with a MoneyGeek score of 97. With monthly premiums at approximately $16, it offers a combination of affordability, customer satisfaction and financial stability.

Pros:

  • High satisfaction among customers
  • Competitive pricing structure
  • Varied product options available

Overall Best for Women: GEICO

COMPANY HIGHLIGHTS

With the highest MoneyGeek score of 96, GEICO is the best life insurance provider for women in Michigan. It has a monthly premium of $13.

Pros:

  • High customer satisfaction
  • High affordability
  • Excellent financial stability

Cons:

  • Limited diversity in product offerings

Best Term Life Insurance in Michigan

How was this MoneyGeek score calculated?

Nationwide provides best term life insurance in Michigan for both men and women, underlining its commitment to providing coverage across the board. The company has a MoneyGeek score of 97 regardless of gender, with a monthly premium of $13 for men and $12 for women.

The top performers are:

  • Nationwide: MoneyGeek score of 97 out of 100 ($12 per month for women; $13 per month for men)
  • GEICO: MoneyGeek score of 97 out of 100 ($10 per month for women and men)
  • Mutual of Omaha: MoneyGeek score of 96 out of 100 ($11 per month for women; $12 per month for men)

Best Term Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide offers the best term life insurance in Michigan for men and women. It has a MoneyGeek score of 97 and a monthly premium of approximately $13.

Pros:

  • High customer satisfaction
  • Competitive affordability
  • Diverse product offerings

Best Whole Life Insurance in Michigan

How was this MoneyGeek score calculated?

State Farm is the best provider of whole life insurance in Michigan for men and women, with a MoneyGeek score of 99.

The top three highest MoneyGeek scorers in Michigan are:

  • State Farm: MoneyGeek score of 99 out of 100
  • Nationwide: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 96 out of 100

Best Whole Life: State Farm

COMPANY HIGHLIGHTS

As the top-ranked insurer for the best whole life insurance in Michigan, State Farm earned a MoneyGeek Score of 99. Its comprehensive coverage options and exceptional customer service make it the best choice for people seeking reliable life insurance policies.

Pros:

  • High customer satisfaction
  • Diverse product options
  • Strong financial stability
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Best Universal Life Insurance in Michigan

How was this MoneyGeek score calculated?

Nationwide provides the best universal life insurance in Michigan for men and women, with a MoneyGeek score of 99.

Making an informed choice can lead to financial savings and knowing that your life insurance needs are suitably covered. Here are the top providers with their respective MoneyGeek scores:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best Universal Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide is top choice for universal life insurance in Michigan for men and women. With its blend of cost-effectiveness and variety, Nationwide earned a MoneyGeek score of 99.

Pros:

  • High customer satisfaction ratings
  • Attractive affordability for policies
  • Diverse range of insurance products

Best No-Medical-Exam Life Insurance in Michigan

How was this MoneyGeek score calculated?

Nationwide is the top-ranking provider for the best no-medical-exam life insurance in Michigan for men and women, with a MoneyGeek score of 99 out of 100.

Here are the three companies with the highest MoneyGeek scores:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 99 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best No-Medical-Exam: Nationwide

COMPANY HIGHLIGHTS

Nationwide, which leads the best no-medical-exam life insurance rankings in Michigan, has a MoneyGeek score of 99 due to its high performance across various metrics.

Pros:

  • High level of customer satisfaction
  • Diverse range of products

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Michigan

How was this MoneyGeek score calculated?

Nationwide is the provider of the best term life insurance for seniors in Michigan, with a MoneyGeek score of 97 regardless of gender. Men can expect to pay approximately $48 monthly, while women are quoted around $45 monthly. Nationwide rises to the top chiefly due to its perfect customer satisfaction and process scores, coupled with high ratings in product diversity and finaincial stability.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$48MoneyGeek Score98
GEICORank2Monthly Premium$40MoneyGeek Score97
Mutual of OmahaRank3Monthly Premium$50MoneyGeek Score96
ProtectiveRank4Monthly Premium$58MoneyGeek Score93
PrudentialRank5Monthly Premium$60MoneyGeek Score93

Best Term Life Insurance for Smokers in Michigan

How was this MoneyGeek score calculated?

GEICO is the best choice for men seeking the best term life insurance for smokers in Michigan, with a MoneyGeek score of 97 and a monthly premium of $24. For women, Prudential leads with a MoneyGeek score of 95 and a monthly premium of $20. Both GEICO and Prudential stand out due to their high satisfaction and stability scores, ensuring their policyholders receive not just competitive pricing but also reliable and satisfying service.

Data filtered by:Results filtered by:
Sex:
Sex:M
GEICORank1Monthly Premium$24MoneyGeek Score97
Mutual of OmahaRank2Monthly Premium$27MoneyGeek Score96
NationwideRank3Monthly Premium$33MoneyGeek Score96
State FarmRank4Monthly Premium$36MoneyGeek Score95
PrudentialRank5Monthly Premium$27MoneyGeek Score95

Best Term Life Insurance for Young Adults in Michigan

How was this MoneyGeek score calculated?

Nationwide provides the best term life insurance for young adults in Michigan, with a MoneyGeek score of 98 for women and 97 for men. Men can secure a policy at approximately $11 monthly, while women benefit from a slightly lower premium of about $8 per month. Nationwide shines chiefly owing to its excellent customer satisfaction and a smooth process experience, indicating that it offers not just affordability but also a consistent and reliable service.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$9MoneyGeek Score97
GEICORank2Monthly Premium$6MoneyGeek Score97
Mutual of OmahaRank3Monthly Premium$8MoneyGeek Score96
ProtectiveRank4Monthly Premium$8MoneyGeek Score94
State FarmRank5Monthly Premium$17MoneyGeek Score93

Best Cheap Term Life Insurance in Michigan

How was this MoneyGeek score calculated?

Allstate offers the best cheap term life insurance in Michigan for women, with a MoneyGeek score of 97 and a monthly premium of $9. For men, the top spot goes to Nationwide, with a MoneyGeek score of 97 and a monthly premium of $13. Both Allstate and Nationwide shine in their respective categories due to their competitive rates and commitment to customer satisfaction.

Data filtered by:Results filtered by:
Gender:
Gender:M
NationwideMonthly Premium$13MoneyGeek Score97
GEICOMonthly Premium$10MoneyGeek Score97
Mutual of OmahaMonthly Premium$12MoneyGeek Score96
ProtectiveMonthly Premium$14MoneyGeek Score93
TransamericaMonthly Premium$14MoneyGeek Score93

Average Cost of Term Life Insurance in Michigan

The average cost of life insurance in Michigan is $32 for women and $44 for men. Factors affecting these rates include age, health, occupation and lifestyle. For instance, smokers or individuals with high-risk jobs may face higher premiums. Coverage needs also play a role; more extensive policies command higher premiums. To better understand the average cost of life insurance, consider how personal circumstances influence these figures.

FAQ: Life Insurance in Michigan

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.