Best Life Insurance Companies in Rhode Island (2025)

Overall, GEICO offers the best life insurance in Rhode Island and across the country, earning a MoneyGeek score of 98 out of 100 for customer service, affordability, and coverage options. We also recommend Haven, Nationwide, Mutual of Omaha, and Protective as affordable alternatives.

*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.

Although the top life insurance company in Rhode Island is a strong choice for most residents, your ideal match might differ based on your personal profile.

Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.

In Rhode Island, the top three life insurance companies, according to MoneyGeek's analysis, are GEICO, Haven and Nationwide. You should also assess your personal coverage needs and compare quotes to secure the most affordable and suitable life insurance policy.

We reviewed companies offering broad national coverage with online quoting capabilities, then scored them using five weighted categories that reflect what matters most when you're buying life insurance.

How we scored each company:

We assigned up to five points across five categories, then calculated overall scores out of 100 using these weightings:

• Affordability (60%): Cost data from online quotes for term policies
• Customer Satisfaction (20%): NAIC complaint index data from 2020-2022
• Product Diversity (10%): Range of policy types and coverage options available
• Financial Stability (5%): AM Best ratings and years in business
• Buying Process (5%): Online tools, product materials, and payment flexibility

Why these weights: Your premiums are what you'll pay for 10, 20, or 30 years, making affordability the dominant factor for Rhode Island families managing high housing costs and living expenses. Customer satisfaction carries substantial weight because the cheapest company means nothing if they deny valid claims or provide poor service when your beneficiaries need support decades from now. Product diversity, financial stability, and buying convenience round out the evaluation.

Our baseline quote profile:

We started with a 40-year-old nonsmoker at average height and healthy weight with an excellent health rating. From there, we adjusted age, gender, height, weight, tobacco use, health status, and location to collect quotes across different customer profiles.

We gathered quotes for term policies with varying coverage amounts and term lengths, which represent the most affordable and popular choice for Rhode Island families protecting their income and mortgages. When our dataset showed clear pricing patterns, we calculated projections to extend coverage where needed.

This methodology prioritizes real-world buying factors for Rhode Island residents. You need affordable coverage from a stable company that handles claims fairly, and our weighted scoring reflects that reality while accounting for the state's unique market conditions and higher-than-average cost of living.