Best Life Insurance in Raleigh, NC (October 2024)


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In Raleigh, North Carolina, the best life insurance provider for men is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $30. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $22. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Consider different factors when deciding on life insurance, including the coverage amount, term length, and your health. 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 Raleigh, North Carolina.

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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 InsuranceRaleigh, NC
2024

Best Life Insurance Companies in Raleigh

Overall Best Life Insurance in Raleigh, NC

How was this MoneyGeek score calculated?

The top life insurance providers in Raleigh differ for men and women. Mutual of Omaha leads for men with a MoneyGeek score of 91 and a monthly premium of $30. Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $22.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $30 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $31 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $22 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $28 per month for women

Mutual of Omaha's high score for men reflects its balance of affordability, customer satisfaction and financial stability. Protective's top ranking for women shows its competitive pricing and strong customer satisfaction. Both companies offer reliable life insurance options in Raleigh.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the best provider for men seeking life insurance in Raleigh. With a MoneyGeek score of 91, it offers a monthly premium of $30. Mutual of Omaha excels in customer satisfaction and financial stability, offering reliable coverage options.

Pros:

  • High customer satisfaction
  • Good affordability
  • Strong financial stability

Cons:

  • Buying process could be better
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MoneyGeek Top Pick
Protective

Protective is the best provider for women seeking life insurance in Raleigh, with a MoneyGeek score of 92 and a monthly premium of $22. It stands out due to its high customer satisfaction and financial stability, offering reliable coverage options.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Raleigh, NC

How was this MoneyGeek score calculated?

For men seeking the best term life insurance in Raleigh, Mutual of Omaha stands out with a MoneyGeek score of 92 at a monthly premium of $13. Women, on the other hand, will find Protective to be the top choice, scoring 91 with an $11 monthly premium. These companies offer a solid combination of affordability, customer satisfaction, and financial stability, which are key factors in choosing a term life insurance provider.

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $13 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $14 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 91 out of 100 at $11 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $13 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha stands out as the premier provider of term life insurance for men in Raleigh, scoring a robust 92 on MoneyGeek's scale. For a monthly premium of $13, it offers a solid blend of value and reliability.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective offers the best term life insurance in Raleigh for women, with a MoneyGeek score of 91. Its monthly premium is $11, making it a sensible choice for those in the 31- to 40-year-old age group. Protective balances affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Robust financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Raleigh, NC

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Raleigh for both men and women, boasting a MoneyGeek score of 92 for each. It offers competitive pricing, strong customer satisfaction and a stable financial outlook, making it an excellent choice for the average individual seeking life insurance coverage in Raleigh.

  • 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 lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.

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MoneyGeek Top Pick
Protective

Protective offers the best whole life insurance in Raleigh, catering to both men and women. With a MoneyGeek score of 92 for each, the company stands out for its exceptional service and value. Clients can trust in Protective's robust offerings and financial solidity, ensuring a reliable insurance experience.

Pros:

  • High customer satisfaction
  • Strong 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 Raleigh, NC

How was this MoneyGeek score calculated?

Protective offers the best universal life insurance in Raleigh for both men and women, with a MoneyGeek score of 91. This score reflects a strong combination of affordability, customer satisfaction and financial stability, making Protective an excellent choice for individuals seeking a reliable universal life insurance policy.

  • 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 offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.

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MoneyGeek Top Pick
Protective

Protective provides the best universal life insurance in Raleigh for both men and women, boasting a MoneyGeek score of 91. This score reflects Protective's commitment to excellent service and value. Customers can expect a satisfying experience backed by strong financial stability.

Pros:

  • High customer satisfaction
  • Solid financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Raleigh, NC

How was this MoneyGeek score calculated?

In Raleigh, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.

  • 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 allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.

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MoneyGeek Top Pick
Protective

Protective is the best choice for no-medical-exam life insurance in Raleigh for both men and women, boasting MoneyGeek scores of 91. The company's commitment to customer satisfaction and financial stability sets it apart, providing policyholders with peace of mind.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Complex buying process

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Best Term Life Insurance for Seniors in Raleigh, NC

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for seniors in Raleigh, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $52. Women find their best option with Protective, which scores a 91 and offers a monthly premium of $47.

Age impacts life insurance premiums, as insurers assess the increasing risk of claims as clients age. The high MoneyGeek scores for these companies reflect their strong performance in affordability, customer satisfaction, financial stability and product diversity.

Best Term Life Insurance for Seniors in Raleigh
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$5292
2Protective$6091
3Nationwide$5291
4Allstate$5488
5Transamerica$6287
6Prudential$6486
7State Farm$9285
8AAA$9185
9Haven$10182

Best Term Life Insurance for Smokers in Raleigh, NC

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best term life insurance for smokers in Raleigh, with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $29 and $28, respectively.

Smoking significantly influences life insurance costs due to the associated health risks, which insurers account for in their pricing models. Mutual of Omaha's high MoneyGeek scores reflect a blend of affordability, customer satisfaction and financial stability. It's important for individuals to consider these factors when searching for a policy that meets their needs and budget.

Best Term Life Insurance for Smokers in Raleigh
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2991
2Nationwide$3589
3Protective$4288
4Transamerica$2588
5Prudential$2687
6State Farm$4086
7Allstate$3986
8AAA$5485
9Haven$5283

Best Term Life Insurance for Young Adults in Raleigh, NC

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Raleigh, Mutual of Omaha leads for men with a MoneyGeek score of 92 and a monthly premium of $8, while Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $7.

Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower rates. Mutual of Omaha and Protective excel due to their strong affordability, customer satisfaction and financial stability scores.

Best Term Life Insurance for Young Adults in Raleigh
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$892
2Protective$992
3Nationwide$990
4Allstate$988
5Transamerica$988
6AAA$1487
7Haven$1186
8State Farm$1685
9Prudential$1385
10Bestow$2283

Best Cheap Term Life Insurance in Raleigh, NC

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best cheap term life insurance for men in Raleigh with a MoneyGeek Score of 92 and a monthly premium of $13. For women, Protective leads with a MoneyGeek Score of 91 and a monthly premium of $11.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain good health, avoid tobacco and choose a shorter term length.

Mutual of Omaha and Protective excel due to their high affordability, customer satisfaction and financial stability scores.

Best Cheap Term Life Insurance in Raleigh
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$1392
2Nationwide$1491
3Protective$1491
4Allstate$1490
5Transamerica$1589
6Prudential$1984
7Haven$1984
8AAA$2284
9State Farm$2582

Average Cost of Term Life Insurance in Raleigh, NC

The average monthly premium for term life insurance in Raleigh is $27 for men and $22 for women.

Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage. For instance, younger individuals or those in good health typically pay lower premiums. Lifestyle choices such as smoking can increase costs, as can high-risk occupations.

Comparing Raleigh to the rest of North Carolina, various factors might cause differences in life insurance costs. Local health statistics, cost of living, crime rates and regional insurance regulations can all play a role. For example, if Raleigh has higher health care costs or a higher cost of living, this could lead to higher insurance premiums.

Understanding these factors can help consumers make informed decisions about their life insurance needs and budget accordingly.

FAQ About Life Insurance in Raleigh, NC

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

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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