Best Life Insurance in Providence, RI (October 2024)


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Protective is the best life insurance provider in Providence, Rhode Island, with a MoneyGeek score of 92 for men and women. It offers an average monthly premium of $13 for women and $16 for men. The score and premium costs are based on a 20-year term policy with $500,000 coverage.

It's important to consider different factors when deciding what type of life insurance to buy. 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 Providence, Rhode Island.

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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 InsuranceProvidence, RI
2024

Best Life Insurance Companies in Providence

Overall Best Life Insurance in Providence, RI

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Providence, with a MoneyGeek score of 92 out of 100 for men and women. Its average monthly premiums are $16 and $13, respectively.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $16 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $18 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $13 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $16 per month for women

Protective stands out due to its high MoneyGeek score and affordable premiums. These attributes make it the best choice for the average individual looking to purchase life insurance in Providence.

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MoneyGeek Top Pick
Protective

In Providence, Protective is the premier choice for life insurance for men and women, with a MoneyGeek score of 92 for both. The company offers a balance of cost and quality, with average monthly premiums of $16 for men and $13 for women. Customers can trust in Protective's exceptional service and financial reliability when considering their life insurance needs.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Providence, RI

How was this MoneyGeek score calculated?

In Providence, Protective is the best term life insurance provider, with a MoneyGeek score of 91 for men and women. The average monthly premium is $8 for men and $7 for women. This ranking indicates that Protective offers a balance of affordability, customer satisfaction and financial stability, making it a strong choice for individuals in the market for term life insurance.

The top two term life insurance companies for men are:

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

For women, the top two are:

  • Protective: MoneyGeek score of 91 out of 100 at $7 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $7 per month for women

Term life insurance is a policy that provides coverage for a specific term, offering a death benefit to beneficiaries if the insured passes away during the term. For example, a parent might buy term insurance to ensure their child's education expenses are covered in the event of their untimely death.

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MoneyGeek Top Pick
Protective

In Providence, Protective is the premier choice for men and women seeking term life insurance, with a MoneyGeek score of 91 for both genders. It provides a balance of quality and value at an average monthly premium of $8 for men and $7 for women.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Providence, RI

How was this MoneyGeek score calculated?

Protective is the top provider of the best whole life insurance in Providence, with a MoneyGeek score of 92 for men and women. This high score indicates that Protective offers a reliable balance of affordability, customer satisfaction, financial stability and product diversity.

Top whole life companies for men in Providence:

  • 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 Providence:

  • 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 type of permanent life insurance that provides coverage for the insured's entire lifetime. One key reason to choose whole life insurance over other types is the guaranteed death benefit and cash value accumulation, which can serve as a financial resource for beneficiaries or even the policyholder during their lifetime. For instance, a person might purchase whole life insurance to ensure their family's financial security or to plan for estate taxes.

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MoneyGeek Top Pick
Protective

Protective is the premier choice for whole life insurance in Providence, with a MoneyGeek score of 92 for men and women. The company's commitment to customer satisfaction and affordability sets it apart as a reliable option for life insurance seekers.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong 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 Providence, RI

How was this MoneyGeek score calculated?

Providence residents seeking the best universal life insurance can turn to Protective, which has a MoneyGeek score of 91 for men and women. This score indicates a strong performance across affordability, customer satisfaction, financial stability and product diversity, making it a solid choice for individuals looking to secure their financial future with a universal life insurance policy.

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 is a flexible type of life insurance that offers a death benefit and a savings component. For example, someone might choose universal life insurance over term life insurance for its potential cash value growth and the ability to adjust premiums and benefits over time.

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MoneyGeek Top Pick
Protective

In Providence, Protective is the premier choice for universal life insurance for men and women. With a MoneyGeek score of 91 for each gender, the company ensures comprehensive coverage and satisfaction.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Limited product diversity
  • Buying process could improve

Best No-Medical-Exam Life Insurance in Providence, RI

How was this MoneyGeek score calculated?

Protective provides the best no-medical-exam life insurance in Providence, with a MoneyGeek score of 91 for men and women. Protective's top ranking is a testament to its consistent performance across affordability, customer satisfaction and financial stability, making it a solid choice for individuals seeking reliable life insurance without needing a medical exam.

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

Life insurance without a required medical exam allows individuals to secure a policy more quickly and with less hassle than traditional life insurance. It can be ideal for those with health concerns or a need for expedited coverage. For example, someone with a busy lifestyle or minor health issues might choose this insurance for its convenience and speed.

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MoneyGeek Top Pick
Protective

In Providence, Protective is the best choice for life insurance with no mandatory medical exam. Its MoneyGeek score of 91 for men and women reflects the company's commitment to customer satisfaction and financial stability.

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 Providence, RI

How was this MoneyGeek score calculated?

For Providence residents seeking the best term life insurance for seniors, Mutual of Omaha stands out with a MoneyGeek score of 91 for men and women. Its average monthly premiums are $33 and $30, respectively.

Age significantly influences life insurance premiums, with costs typically increasing as you age. Mutual of Omaha's top scores reflect its excellence in customer satisfaction, financial stability and product diversity, making it a prime choice for those prioritizing dependability in their insurance provider.

Best Term Life Insurance for Seniors in Providence
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3391
2Protective$3691
3Nationwide$3989
4Allstate$3189
5AAA$4388
6Transamerica$3787
7Prudential$3886
8Haven$6282

Best Term Life Insurance for Smokers in Providence, RI

How was this MoneyGeek score calculated?

For those in Providence seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 90 for women. Its average monthly premiums are $34 and $31, respectively.

Smoking is a significant factor in determining life insurance premiums due to the health risks it poses, often resulting in higher costs for smokers than nonsmokers. Mutual of Omaha's top ranking reflects its strong performance across various metrics, including customer satisfaction and financial stability. These scores are crucial for individuals looking for reliable coverage and a smooth buying process.

Best Term Life Insurance for Smokers in Providence
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3491
2AAA$4188
3Protective$5688
4Transamerica$3488
5Prudential$3388
6Nationwide$4787
7Allstate$5185
8Haven$6082

Best Term Life Insurance for Young Adults in Providence, RI

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Providence, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premiums are $5 and $4, respectively. Protective's high MoneyGeek score reflects its overall value, including affordability, customer satisfaction and financial stability.

Age plays a significant role in determining life insurance premiums. Younger adults generally benefit from lower premiums due to their lower risk profiles. Protective offers a balanced combination of cost and quality for young adults in Providence seeking term life insurance.

Best Term Life Insurance for Young Adults in Providence
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$592
2Mutual of Omaha$592
3Nationwide$790
4AAA$689
5Allstate$589
6Transamerica$588
7Prudential$887
8Haven$686
9Bestow$2483

Best Cheap Term Life Insurance in Providence, RI

How was this MoneyGeek score calculated?

In Providence, Allstate offers the best cheap term life insurance for men, with a MoneyGeek score of 91 and an average monthly premium of $7. For women, Protective leads with a MoneyGeek score of 91 and a monthly premium of around $7. Allstate and Protective excel in affordability, customer satisfaction and financial stability, contributing to their high MoneyGeek scores.

Several factors influence the cost of life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, individuals should maintain good health, avoid tobacco and choose a suitable coverage amount and term length.

Best Cheap Term Life Insurance in Providence
Data filtered by:Results filtered by:
Sex:
Sex:M
1Allstate$791
2Mutual of Omaha$891
3Protective$891
4Transamerica$987
5Nationwide$1086
6AAA$1085
7Prudential$1182
8Haven$1181

Average Cost of Term Life Insurance in Providence, RI

The average monthly cost of term life insurance in Providence is $12 for women and $15 for men.

Several factors can affect the cost of life insurance premiums, including age, health, lifestyle, occupation, coverage amount and policy term. Insurance companies assess these factors to determine the risk and set the premium accordingly.

In Providence, the cost of life insurance might vary compared to the rest of Rhode Island due to local health statistics, economic conditions, crime rates and lifestyle factors. For instance, if Providence has higher health care costs or a higher prevalence of certain health conditions, premiums might be higher. Conversely, premiums could be lower if the area has a lower cost of living or lower crime rates. Understanding these factors can help you make informed decisions when purchasing life insurance and ensure you get the best coverage for your needs.

FAQ About Life Insurance in Providence, RI

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

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.


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