Best Life Insurance in Palm Bay, FL (October 2024)


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Updated: October 15, 2024

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Protective is the best life insurance company in Palm Bay, Florida, with the highest MoneyGeek score of 92 for both men and women. The average monthly premiums are $24 for men and $20 for women.

These scores and premiums are based on a 20-year term policy with $500,000 coverage, but your choice may vary based on personal needs. Consider your age, health and coverage needs when choosing life insurance.

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 Palm Bay, Florida.

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsurancePalm Bay, FL
2024

Best Life Insurance Companies in Palm Bay

Overall Best Life Insurance in Palm Bay, FL

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Palm Bay for both men and women, with a MoneyGeek score of 92. Average monthly premiums are $24 for men and $20 for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $24 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $29 per month

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $20 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $25 per month

Protective achieves high affordability, customer satisfaction and financial stability scores, making it a strong choice for reliable and cost-effective life insurance.

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MoneyGeek Top Pick
Protective

Protective is Palm Bay's top life insurance provider, with a MoneyGeek score of 92 and monthly premiums of $24 for men and $20 for women.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Solid financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Palm Bay, FL

How was this MoneyGeek score calculated?

Protective is the best term life insurance provider in Palm Bay, with a MoneyGeek score of 92 and an average monthly premium of $11 for men. For women, Protective also leads with a score of 91 at $10 monthly. Its high affordability, customer satisfaction and financial stability scores make it a top choice for reliable coverage.

Top term life insurance companies for men:

  • Protective: MoneyGeek score of 92 out of 100 at $11 per month
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $12 per month

Top term life insurance companies for women:

  • Protective: MoneyGeek score of 91 out of 100 at $10 per month
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $11 per month

Term life insurance offers coverage for a set period, usually 10 to 30 years. It's known for its simplicity and affordability, like when parents secure their children's financial future until they reach independence.

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MoneyGeek Top Pick
Protective

Protective is the best term life insurance provider in Palm Bay, with MoneyGeek scores of 92 for men and 91 for women. Monthly premiums are about $11 for males and $10 for females, offering a balance of cost and quality coverage.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Palm Bay, FL

How was this MoneyGeek score calculated?

Protective has the best whole life insurance in Palm Bay, achieving a MoneyGeek score of 92 for men and women. The company performs strongly in terms of customer satisfaction and financial stability.

  • 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 provides a fixed premium and a guaranteed death benefit, making it suitable for long-term financial planning. For instance, you might choose whole life insurance to ensure financial security for your family, regardless of market fluctuations.

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MoneyGeek Top Pick
Protective

Protective is the top choice for whole life insurance in Palm Bay, with a MoneyGeek score of 92 for both men and women. It offers a balance of quality service and cost-effectiveness.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Solid financial stability

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 Palm Bay, FL

How was this MoneyGeek score calculated?

Protective is the best universal life insurance provider in Palm Bay, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong combination of affordability, customer satisfaction and financial stability.

  • 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

Universal life insurance combines life coverage with an investment component, allowing for cash value growth. It also provides flexibility to adjust premiums and death benefits over time. For example, someone might choose universal life insurance to modify their coverage as their financial needs change without needing a new policy.

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MoneyGeek Top Pick
Protective

Protective is the leading provider of universal life insurance in Palm Bay. With a MoneyGeek score of 91 for both men and women, Protective stands out for its quality service and financial stability.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Less ease in buying

Best No-Medical-Exam Life Insurance in Palm Bay, FL

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Palm Bay without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.

  • 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 medical exam suits those who fear undergoing tests and prefer convenience and quick approval.

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MoneyGeek Top Pick
Protective

Protective is Palm Bay's top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects a balance of affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Solid financial stability

Cons:

  • Buying process could improve
  • Lacks product diversity

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 Palm Bay, FL

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for seniors in Palm Bay, with a MoneyGeek score of 91 for men and women. The average monthly premiums are $47 for males and $43 for females.

Age affects life insurance premiums, with higher premiums for seniors due to increased health risk. Protective's top MoneyGeek score highlights its strong performance in affordability, customer satisfaction and financial stability, making it great for seniors seeking value and dependability.

Best Term Life Insurance for Seniors in Palm Bay
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyProtectivePremium$47MG Score out of 10091
2CompanyMutual of OmahaPremium$51MG Score out of 10091
3CompanyNationwidePremium$48MG Score out of 10090
4CompanyAllstatePremium$42MG Score out of 10089
5CompanyAAAPremium$60MG Score out of 10088
6CompanyTransamericaPremium$48MG Score out of 10087
7CompanyPrudentialPremium$62MG Score out of 10085
8CompanyState FarmPremium$81MG Score out of 10084
9CompanyHavenPremium$94MG Score out of 10082

Best Term Life Insurance for Smokers in Palm Bay, FL

How was this MoneyGeek score calculated?

Mutual of Omaha provides the best term life insurance for smokers in Palm Bay, with MoneyGeek scores of 91 for men and 90 for women. Monthly premiums average $31 for males and $28 for females.

Smoking impacts life insurance premiums due to the associated health risks. Mutual of Omaha's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — critical factors for smokers seeking coverage that fits their needs.

Best Term Life Insurance for Smokers in Palm Bay
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$31MG Score out of 10091
2CompanyNationwidePremium$36MG Score out of 10089
3CompanyAAAPremium$34MG Score out of 10089
4CompanyTransamericaPremium$27MG Score out of 10088
5CompanyProtectivePremium$45MG Score out of 10088
6CompanyPrudentialPremium$29MG Score out of 10087
7CompanyState FarmPremium$42MG Score out of 10086
8CompanyAllstatePremium$42MG Score out of 10085
9CompanyHavenPremium$55MG Score out of 10082

Best Term Life Insurance for Young Adults in Palm Bay, FL

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for young adults in Palm Bay, with a MoneyGeek score of 92 and average monthly premiums of $7 for men and $6 for women.

Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in Palm Bay
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$7MG Score out of 10092
2CompanyMutual of OmahaPremium$8MG Score out of 10091
3CompanyNationwidePremium$8MG Score out of 10090
4CompanyAAAPremium$9MG Score out of 10089
5CompanyAllstatePremium$7MG Score out of 10089
6CompanyTransamericaPremium$7MG Score out of 10088
7CompanyState FarmPremium$14MG Score out of 10086
8CompanyHavenPremium$10MG Score out of 10086
9CompanyPrudentialPremium$12MG Score out of 10085
10CompanyBestowPremium$21MG Score out of 10083

Best Cheap Term Life Insurance in Palm Bay, FL

How was this MoneyGeek score calculated?

In Palm Bay, Protective offers the best cheap term life insurance, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $11 for males and $10 for females.

Age, health, coverage amount and term length affect insurance premiums. To get the lowest premiums, maintain good health, choose a suitable coverage amount and consider a shorter term length.

Best Cheap Term Life Insurance in Palm Bay
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$11MG Score out of 10092
2CompanyAllstatePremium$10MG Score out of 10091
3CompanyNationwidePremium$13MG Score out of 10091
4CompanyMutual of OmahaPremium$12MG Score out of 10090
5CompanyTransamericaPremium$11MG Score out of 10090
6CompanyAAAPremium$14MG Score out of 10088
7CompanyHavenPremium$17MG Score out of 10083
8CompanyState FarmPremium$21MG Score out of 10082
9CompanyPrudentialPremium$19MG Score out of 10082

Average Cost of Term Life Insurance in Palm Bay, FL

In Palm Bay, the average monthly costs of term life insurance are $19 for women and $22 for men.

Insurers assess your age, health, lifestyle, policy terms and coverage amount to determine your risk and premium. Understanding these factors can help you select the right life insurance policy.

Life insurance costs in Palm Bay may be higher or lower than in other parts of Florida, driven by local health statistics, average income levels, prevalent risk factors and competition among insurers.

FAQ About Life Insurance in Palm Bay, FL

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

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.