Best Life Insurance in Portland, OR (August 2024)


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Updated: October 14, 2024

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Protective has the highest MoneyGeek score for both men and women in Portland, Oregon. For men, the MoneyGeek score is 92 with an average monthly premium of $18. For women, the MoneyGeek score is also 92 with a monthly premium of $15. This makes Protective the best life insurance option in Portland, Oregon for both men and women.

When deciding on life insurance, consider different factors such as coverage needs, premium costs, and customer service. 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 Portland, Oregon.

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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 InsurancePortland, OR
2024

Best Life Insurance Companies in Portland

Overall Best Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

In Portland, Protective offers the best life insurance for both men and women, with a MoneyGeek score of 92 out of 100 and an average monthly premium of $18 for men and $15 for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $18 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $21 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $15 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $19 per month for women

Protective's high scores for both men and women indicate reliability and value, making it the best choice for the average individual looking to purchase life insurance in Portland.

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MoneyGeek Top Pick
Protective

Protective emerges as the best life insurance provider in Portland for both men and women, boasting a MoneyGeek score of 92. For men, the monthly premium is $18, while for women it's $15. The company's high ratings reflect a commitment to customer satisfaction and financial stability, making it a reliable choice for life insurance seekers in the region.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

Protective is the best term life insurance provider in Portland, with a MoneyGeek score of 92 for men and 92 for women. The average monthly premium is $9 for men and $8 for women, offering a competitive edge for those seeking reliable coverage.

The top two term life insurance companies for men are:

  • Protective: MoneyGeek score of 92 out of 100 at $9 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $9 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $8 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $9 per month for women

Term life insurance is a policy where coverage is provided for a specified term, offering financial protection for beneficiaries in the event of the policyholder's passing.

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MoneyGeek Top Pick
Protective

Protective stands out as the best term life insurance provider in Portland for men and women. With a MoneyGeek score of 92, it offers a monthly premium of just $8, ensuring a blend of value and quality. Protective's top-notch ranking is a testament to its commitment to serving its customers' needs.

Pros:

  • High customer satisfaction
  • Exceptional affordability
  • Strong financial stability

Cons:

  • Limited product diversity
  • Buying process could improve

Best Whole Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

Protective is the top provider of the best whole life insurance in Portland, with a MoneyGeek score of 92 for both men and women. This score reflects the company's commitment to affordability, customer satisfaction and financial stability.

Top whole life companies for men in Portland:

  • Protective: MoneyGeek score of 92 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Portland:

  • Protective: MoneyGeek score of 92 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance is a permanent policy that provides lifetime coverage with a fixed premium and a cash value component. It's an ideal choice for those who want predictable costs and the ability to accumulate savings over time.

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MoneyGeek Top Pick
Protective

Protective stands out as the best whole life insurance provider in Portland for both men and women, boasting MoneyGeek scores of 92 for each. This high ranking reflects the company's commitment to satisfaction and value for its clients.

Pros

  • High customer satisfaction
  • Exceptional affordability
  • 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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Best Universal Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

For individuals in Portland looking for the best universal life insurance, Protective stands out for both men and women, boasting a MoneyGeek score of 91. Protective offers a reliable and cost-effective option for universal life insurance policies.

Best universal life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best for women's universal life insurance:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance provides flexibility in premium payments and potential cash value growth over time. For example, someone might choose universal life insurance to have the option to adjust their premiums and coverage as their financial circumstances change.

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MoneyGeek Top Pick
Protective

For those seeking the best universal life insurance in Portland, Protective emerges as the top choice for both men and women. With MoneyGeek scores of 91 for each gender, Protective stands out for its high customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

In Portland, Protective stands out as the provider with the best no-medical-exam life insurance for both men and women, with a MoneyGeek score of 91. This score reflects the company's strong performance across various metrics, indicating reliability and customer satisfaction for potential policyholders.

Best no-medical-exam life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

An individual with a busy lifestyle or a fear of medical procedures might opt for the best no-medical exam-life insurance over traditional policies to save time and avoid discomfort.

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MoneyGeek Top Pick
Protective

Protective emerges as the premier choice for no-medical-exam life insurance in Portland, catering to both men and women. With an impressive MoneyGeek score of 91, this distinction underscores the company's commitment to excellence across multiple dimensions of service and value.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

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Best Term Life Insurance for Seniors in Portland, OR

How was this MoneyGeek score calculated?

For older men and women in Portland seeking the best term life insurance for seniors in Portland, Protective is at the top, earning a MoneyGeek Score of 91 and a $38 average monthly premium for men and $36 for women.

Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Mutual of Omaha and Protective stand out due to their strong performance across affordability for seniors, customer satisfaction, buying process, financial stability and product diversity.

Best Term Life Insurance for Seniors in Portland
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyProtectivePremium$38MG Score out of 10091
2CompanyMutual of OmahaPremium$37MG Score out of 10091
3CompanyNationwidePremium$44MG Score out of 10089
4CompanyAllstatePremium$34MG Score out of 10089
5CompanyAAAPremium$49MG Score out of 10087
6CompanyPrudentialPremium$43MG Score out of 10086
7CompanyState FarmPremium$68MG Score out of 10084
8CompanyHavenPremium$70MG Score out of 10082

Best Term Life Insurance for Smokers in Portland, OR

How was this MoneyGeek score calculated?

In Portland, Mutual of Omaha stands out for those seeking the best term life insurance for smokers, with a MoneyGeek score of 92 for men and 91 for women, and an average monthly premium of $38 for men and $37 for women

Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers.

Best Term Life Insurance for Smokers in Portland
Data filtered by:Results filtered by:
gender:
gender:M
1CompanyMutual of OmahaPremium$38MG Score out of 10092
2CompanyNationwidePremium$52MG Score out of 10088
3CompanyProtectivePremium$60MG Score out of 10088
4CompanyPrudentialPremium$38MG Score out of 10087
5CompanyState FarmPremium$58MG Score out of 10085
6CompanyAllstatePremium$57MG Score out of 10085
7CompanyAAAPremium$73MG Score out of 10085
8CompanyHavenPremium$67MG Score out of 10083

Best Term Life Insurance for Young Adults in Portland, OR

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Portland, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $5. Age plays a crucial role in determining life insurance premiums.

Younger adults generally benefit from lower premiums due to their lower risk profile. Protective achieves its top ranking due to its affordability, high customer satisfaction and solid financial stability.

Best Term Life Insurance for Young Adults in Portland
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$5MG Score out of 10092
2CompanyMutual of OmahaPremium$6MG Score out of 10092
3CompanyNationwidePremium$7MG Score out of 10090
4CompanyAAAPremium$7MG Score out of 10089
5CompanyAllstatePremium$5MG Score out of 10089
6CompanyState FarmPremium$11MG Score out of 10087
7CompanyPrudentialPremium$9MG Score out of 10087
8CompanyHavenPremium$7MG Score out of 10086
9CompanyBestowPremium$26MG Score out of 10083

Best Cheap Term Life Insurance in Portland, OR

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Portland, Protective stands out for both men and women with a MoneyGeek Score of 92 and a monthly premium of $9 for men and $8 for women. Factors affecting life insurance premiums include age, health, and coverage amount. To get the lowest premiums, maintain excellent health, choose a shorter term length and opt for lower coverage.

Best Cheap Term Life Insurance in Portland
Data filtered by:Results filtered by:
Sex:
Sex:M
1CompanyProtectivePremium$9MG Score out of 10092
2CompanyMutual of OmahaPremium$9MG Score out of 10092
3CompanyAllstatePremium$9MG Score out of 10091
4CompanyNationwidePremium$12MG Score out of 10089
5CompanyAAAPremium$12MG Score out of 10088
6CompanyPrudentialPremium$13MG Score out of 10085
7CompanyHavenPremium$13MG Score out of 10084
8CompanyState FarmPremium$18MG Score out of 10082

Average Cost of Term Life Insurance in Portland, OR

The average monthly premium for term life insurance in Portland is $17 for women and $18 for men. These costs are rounded to the nearest whole number for clarity. Various factors affect life insurance premiums, including age, health, lifestyle, occupation and the length of the policy. For instance, younger individuals typically pay lower premiums due to lower health risks, while those with high-risk occupations might see higher rates.

In Portland, several factors could influence why life insurance costs might be higher or lower compared to other parts of Oregon. Local health care costs, regional mortality rates and economic conditions can all play a role. For example, higher health care costs in Portland could lead to higher premiums.

FAQ About Life Insurance in Portland, OR

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