Best Life Insurance in New York (May 2024)


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ByMark Fitzpatrick
Edited byRae Osborn
ByMark Fitzpatrick
Edited byRae Osborn

Updated: June 17, 2024

Advertising & Editorial Disclosure

Mutual of Omaha emerges as the top life insurance provider for women, with a MoneyGeek score of 96 with a monthly premium of $12. For men, Haven leads the pack with a MoneyGeek score of 95 and a lower monthly premium cost of $10. The best policy may vary based on factors such as coverage, term duration and personal health.

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.

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in New York: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
HavenRank1MoneyGeek Score95
GEICORank2MoneyGeek Score95
PrudentialRank3MoneyGeek Score94
Mutual of OmahaRank4MoneyGeek Score94
AllstateRank5MoneyGeek Score93

Overall Best Life Insurance in New York

How was this MoneyGeek score calculated?

Mutual of Omaha is the best life insurance provider in New York, topping the MoneyGeek scores for women with a score of 96 and a monthly premium of $12. For men, Haven leads the rank with a MoneyGeek score of 95 and a monthly premium of $10.

Here are the top performers:

  • Mutual of Omaha: MoneyGeek score of 96 out of 100 ($14 per month for men; $12 per month for women)
  • Haven: MoneyGeek score of 95 out of 100 ($10 per month for men; $9 per month for women)
  • Prudential: MoneyGeek score of 94 out of 100 ($11 per month for men; $10 per month for women)

These companies excel in affordability but also in overall satisfaction.

Best for Men: Haven

COMPANY HIGHLIGHTS

The best life insurance in New York for men is Haven, acclaimed for its top-tier services and cost-efficiency. With a MoneyGeek score of 95 and a monthly premium of $10, Haven is a leading contender in the insurance market.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Limited product diversity
  • Complex buying process

Best for Women: Mutual of Omaha

COMPANY HIGHLIGHTS

In search of the best life insurance in New York for women, Mutual of Omaha is the premier choice. With an impressive overall MoneyGeek score of 96, this company not only promises top-tier financial stability but offers the winning combination of affordability with a monthly premium of $12.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • A diverse range of insurance products

Best Term Life Insurance in New York

How was this MoneyGeek score calculated?

Mutual of Omaha is the leader when it comes to the best term life insurance in New York, with a MoneyGeek score of 95 for both men and women. The monthly premium stands at $9 for men and $8 for women.

Top companies with the highest MoneyGeek scores:

  • Mutual of Omaha: MoneyGeek score of 95 out of 100 ($9 per month for men; $8 per month for women)
  • Nationwide: MoneyGeek score of 95 out of 100 ($15 per month for men; $12 per month for women)
  • Haven: MoneyGeek score of 95 out of 100 ($7 per month for men; $6 per month for women)

Best Term Life: Mutual of Omaha

COMPANY HIGHLIGHTS

With an impressive MoneyGeek score of 95, Mutual of Omaha is the top provider of the best term life insurance in New York for both men and women. At an affordable monthly premium of $8, Mutual of Omaha offers remarkable service and financial stability to its clients.

Pros:

  • High customer satisfaction level
  • Exceptional affordability
  • Diverse product offerings

Best Whole Life Insurance in New York

How was this MoneyGeek score calculated?

State Farm is the premier provider of the best whole life insurance in New York for both men and women, achieving an impressive MoneyGeek score of 99 out of 100.

The top three highest MoneyGeek scores are as follows:

  • 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

State Farm is the premier choice for the best whole life insurance in New York for both men and women. With a MoneyGeek score of 99, the company promises excellent customer service, a diverse array of products and robust financial stability.

Pros:

  • High customer satisfaction
  • Diverse product offerings
  • Solid financial stability

Cons:

  • Buying process could be improved
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Best Universal Life Insurance in New York

How was this MoneyGeek score calculated?

Nationwide is the leader in providing the best universal life insurance in New York for both men and women, with a robust MoneyGeek score of 99.

When considering the best universal life insurance, here are the top three highest 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 the top insurer for the best universal life insurance in New York, catering to both men and women. It's the top choice for customers seeking robust financial security, with an impressive MoneyGeek score of 99.

Pros:

  • High satisfaction among users
  • Diverse product offerings available
  • Efficient and user-friendly buying process

Best No-Medical-Exam Life Insurance in New York

How was this MoneyGeek score calculated?

Nationwide is distinguished as the best no-medical-exam life insurance provider in New York for both men and women, with a MoneyGeek score of 99. When you're exploring options for the best no-medical-exam life insurance, knowing the top-rated companies is invaluable. Here's a glance at the top three:

  • 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 offers the best no medical exam life insurance in New York, catering to both men and women. Esteemed for its excellent customer service and diverse range of products, Nationwide achieves an impressive MoneyGeek score of 99.

Pros:

  • High customer satisfaction
  • Expansive product options available
  • Streamlined purchasing process

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in New York

How was this MoneyGeek score calculated?

Prudential provides the best term life insurance for seniors in New York for both men and women, with a MoneyGeek Score of 95 for each. For women, the monthly premium is $20, while for men, it is $28. The consistency of high scores across categories, particularly in customer satisfaction and affordability, underscores Prudential's commitment to excellence.

Data filtered by:Results filtered by:
Sex:
Sex:M
PrudentialRank1Monthly Premium$28MoneyGeek Score95
Mutual of OmahaRank2Monthly Premium$42MoneyGeek Score95
GEICORank3Monthly Premium$42MoneyGeek Score94
AllstateRank4Monthly Premium$34MoneyGeek Score93
NationwideRank5Monthly Premium$64MoneyGeek Score93

Best Term Life Insurance for Smokers in New York

How was this MoneyGeek score calculated?

Mutual of Omaha is the top provider of the best term life insurance for smokers in New York, achieving a MoneyGeek score of 95 for females and 95 for males. The company offers premiums costing approximately $36 monthly for women and $40 for men. A key reason for their high MoneyGeek score is their balanced blend of affordability and customer satisfaction.

Data filtered by:Results filtered by:
Sex:
Sex:M
HavenRank1Monthly Premium$29MoneyGeek Score95
Mutual of OmahaRank2Monthly Premium$40MoneyGeek Score95
State FarmRank3Monthly Premium$63MoneyGeek Score94
PrudentialRank4Monthly Premium$37MoneyGeek Score94
GEICORank5Monthly Premium$47MoneyGeek Score93

Best Term Life Insurance for Young Adults in New York

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 96 for women and a near-identical top score for men. Women would pay a monthly premium of $5, while men would pay $6. The top ranking reflects Mutual of Omaha's strong performance across key factors like customer satisfaction and affordability, both crucial considerations for young adults seeking reliable and cost-effective insurance options.

Data filtered by:Results filtered by:
Sex:
Sex:M
HavenRank1Monthly Premium$3MoneyGeek Score95
Mutual of OmahaRank2Monthly Premium$6MoneyGeek Score95
GEICORank3Monthly Premium$7MoneyGeek Score94
NationwideRank4Monthly Premium$9MoneyGeek Score94
PrudentialRank5Monthly Premium$6MoneyGeek Score93

Best Cheap Term Life Insurance in New York

How was this MoneyGeek score calculated?

Prudential offers the best cheap term life insurance in New York, boasting the highest MoneyGeek score of 96 for women and a significant score of 94 for men. Women benefit from a monthly premium of approximately $6, while men have a slightly higher premium at around $8. Evidently, the reliability and affordability of their policies contribute largely to their dominant MoneyGeek scores.

Data filtered by:Results filtered by:
Gender:
Gender:M
HavenMonthly Premium$7MoneyGeek Score95
Mutual of OmahaMonthly Premium$9MoneyGeek Score95
PrudentialMonthly Premium$8MoneyGeek Score94
AllstateMonthly Premium$9MoneyGeek Score94
GEICOMonthly Premium$10MoneyGeek Score93

Average Cost of Term Life Insurance in New York

The average cost of monthly premiums for life insurance in New York is $44 for women and $51 for men. The average cost of life insurance is influenced by factors such as age, health history, lifestyle and the coverage amount selected. Smokers, for example, may face higher premiums due to increased health risks.

FAQ: Life Insurance in New York

What is the best life insurance in New York for men?
How much is life insurance in New York for men?
What is the best life insurance in New York for women?
How much is life insurance in New York for women?

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.


sources
  • New York State Department of Financial Services. " Life Insurance." Accessed May 13, 2024.