Best Life Insurance in New York, NY (October 2024)


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Updated: October 14, 2024

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Mutual of Omaha is the best life insurance provider in New York, New York. The MoneyGeek score for men is 89, with an average monthly premium of $27. For women, the score is 91, with a monthly premium of $22. These figures are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider your age, health and coverage needs. Your unique situation 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 New York, New York.

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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 InsuranceNew York, NY
2024

Best Life Insurance Companies in New York

Overall Best Life Insurance in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best life insurance in New York, with MoneyGeek scores of 89 for men and 91 for women. The average monthly premiums are $27 for males and $22 for females.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $27 per month
  • Allstate: MoneyGeek score of 88 out of 100 at $23 per month

Top providers for women:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $22 per month
  • Allstate: MoneyGeek score of 89 out of 100 at $18 per month

Mutual of Omaha's high MoneyGeek score and competitive monthly premiums make it a reliable option for life insurance.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is New York's best life insurance provider, earning MoneyGeek scores of 89 for men and 91 for women. With monthly premiums of $27 for males and $22 for females, it offers reliable coverage to diverse clients.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha has the best term life insurance in New York, with a MoneyGeek score of 90 for men and 91 for women. The average monthly premiums are $11 for males and $10 for females. Its affordability, high customer satisfaction and financial stability make it a solid choice.

Top term life insurance companies for men:

  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $11 per month
  • Allstate: MoneyGeek score of 87 out of 100 at $11 per month

Top term life insurance companies for women:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month
  • Nationwide: MoneyGeek score of 88 out of 100 at $14 per month

Term life insurance provides coverage at a fixed rate for a set period. It suits someone seeking to protect their family financially while they're still paying off their home.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top choice for term life insurance in New York, earning MoneyGeek scores of 90 for men and 91 for women. With monthly premiums of $11 for males and $10 for females, it offers a balance of value and security.

Pros:

  • High customer satisfaction
  • Affordable pricing
  • Solid financial stability

Cons:

  • Buying process could be smoother

Best Whole Life Insurance in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha is the best whole life insurance provider in New York, with a MoneyGeek score of 91 for men and women. This score reflects the company's strong affordability, customer satisfaction and financial stability.

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women
  • Nationwide: MoneyGeek score of 87 out of 100 for men and women

Whole life insurance provides a guaranteed death benefit and a cash value that grows over time. People may choose it over term life insurance to ensure lifetime coverage while using it as a savings or investment vehicle.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the leading whole life insurance company in New York, with a MoneyGeek score of 91 for men and women. This score reflects the company's excellence across various performance metrics.

Pros:

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

Cons:

  • Buying process could improve

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 New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha has New York's best universal life insurance, with a MoneyGeek score of 90 for men and women. The company's high score indicates a strong balance of affordability, customer satisfaction and financial stability.

  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women
  • Nationwide: MoneyGeek score of 88 out of 100 for men and women

Universal life insurance combines flexibility with long-term financial protection. Some choose it because they can adjust coverage as their financial situation changes, like after a raise or when planning for retirement.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is New York's leading universal life insurance provider. With a MoneyGeek score of 90 for men and women, it stands out for its customer satisfaction and top-tier products.

Pros:

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

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best life insurance in New York without a medical exam requirement. Its MoneyGeek score of 90 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.

  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women
  • Nationwide: MoneyGeek score of 87 out of 100 for men and women

Life insurance with no mandatory medical exam provides a faster, simpler way to get coverage. It’s ideal for people with busy schedules or minor health concerns who want to skip the time-consuming and invasive medical exams that traditional policies require.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top choice for life insurance without the hassle of a medical examination in New York. Its MoneyGeek score of 90 for men and women reflects its good balance of customer satisfaction and affordability.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Solid financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

Answer three simple questions to get your recommended coverage amount.

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Best Term Life Insurance for Seniors in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best term life insurance for seniors in New York, with a MoneyGeek score of 90 and average monthly premiums of $50 for men and $44 for women.

Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Mutual of Omaha stands out with its strong performance in product diversity, customer satisfaction and financial stability, making it a reliable option for seniors.

Best Term Life Insurance for Seniors in New York
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$50MG Score out of 10090
2CompanyAllstatePremium$40MG Score out of 10088
3CompanyPrudentialPremium$34MG Score out of 10088
4CompanyNationwidePremium$76MG Score out of 10086
5CompanyHavenPremium$57MG Score out of 10085
6CompanyState FarmPremium$92MG Score out of 10084

Best Term Life Insurance for Smokers in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha provides the best term life insurance for smokers in New York, with a MoneyGeek score of 90 and average monthly premiums of $48 for men and $43 for women.

Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha’s high MoneyGeek score reflects a strong balance of affordability, customer satisfaction, buying process, financial stability and product diversity.

Best Term Life Insurance for Smokers in New York
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$48MG Score out of 10090
2CompanyHavenPremium$35MG Score out of 10087
3CompanyPrudentialPremium$45MG Score out of 10086
4CompanyNationwidePremium$84MG Score out of 10086
5CompanyState FarmPremium$75MG Score out of 10085
6CompanyAllstatePremium$75MG Score out of 10085

Best Term Life Insurance for Young Adults in New York, NY

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best term life insurance for young adults in New York, with a MoneyGeek score of 90 and average monthly premiums of $7 for men and $6 for women.

Age significantly affects premiums because younger adults typically have lower health risks. Mutual of Omaha's high MoneyGeek score is due to its excellent customer satisfaction, financial stability and diverse product offerings.

Best Term Life Insurance for Young Adults in New York
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$7MG Score out of 10090
2CompanyHavenPremium$4MG Score out of 10087
3CompanyAllstatePremium$7MG Score out of 10087
4CompanyNationwidePremium$11MG Score out of 10086
5CompanyPrudentialPremium$7MG Score out of 10086
6CompanyState FarmPremium$14MG Score out of 10084

Best Cheap Term Life Insurance in New York, NY

How was this MoneyGeek score calculated?

In New York, Mutual of Omaha offers the best cheap term life insurance, with a MoneyGeek score of 90 and average monthly premiums of $11 for men and $10 for women.

Factors like age, health, coverage amount and term length influence premiums. To get the lowest rates, maintain good health, avoid tobacco and choose a shorter term length if possible.

Best Cheap Term Life Insurance in New York
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyMutual of OmahaPremium$11MG Score out of 10090
2CompanyHavenPremium$8MG Score out of 10089
3CompanyAllstatePremium$11MG Score out of 10089
4CompanyPrudentialPremium$10MG Score out of 10089
5CompanyNationwidePremium$18MG Score out of 10086
6CompanyState FarmPremium$23MG Score out of 10082

Average Cost of Term Life Insurance in New York, NY

The average monthly premiums for term life insurance in New York, New York, are $33 for men and $29 for women. Knowing these rates can help you make informed decisions when purchasing coverage.

Factors like age, health, lifestyle and occupation affect life insurance costs. Insurers assess these to determine risk.

Premiums in New York may differ from those in other areas due to local factors like economic conditions, health statistics and lifestyle trends. For example, higher health care costs or more common health issues can increase premiums, while lower costs and healthier lifestyles may lower them.

FAQ: Life Insurance in New York, NY

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

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.