Best Life Insurance in Tacoma, WA (August 2024)

Protective is the best life insurance company for men and women in Tacoma, Washington. With a MoneyGeek score of 92 and an average monthly premium of $27, it ranks highest for both genders. The scores and premium cost are based on a 20-year term policy and $500,000 coverage.

Different factors should be considered when deciding what type of life insurance to buy. Your unique needs may mean a different company is best for you.

For the best life insurance in Tacoma, Protective stands out for men and women. It has a MoneyGeek score of 92 and an average monthly premium of $27 for both genders.

Top providers for men:

• Protective: MoneyGeek score of 92 out of 100 at $27 per month for men
• Mutual of Omaha: 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 $27 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $30 per month for women

Protective offers the best balance of affordability, customer satisfaction and financial stability. These features make it a reliable choice for the average individual looking to purchase life insurance in Tacoma.

For residents of Tacoma seeking the best term life insurance, Protective stands out with a MoneyGeek score of 92 for both men and women, at average monthly premiums of $13 and $14, respectively. This ranking reflects Protective's balance of affordability, customer satisfaction and financial stability, making it a preferred choice for term life insurance shoppers in the area.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 92 out of 100 at $13 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $16 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $14 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $18 per month for women

Term life insurance is a policy that provides coverage at a fixed rate of payments for a limited period, known as the term. For example, an individual may opt for term life insurance to ensure that their family can pay off a mortgage or fund education expenses in the event of their untimely death.

Protective is the best whole life insurance provider in Tacoma for men and women, with a MoneyGeek score of 92 for both. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable choice for the average individual seeking a comprehensive life insurance policy. The company's commitment to these areas ensures policyholders receive value and protection.

Top whole life companies for men in Tacoma:

• 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 Tacoma:

• 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 offers lifelong coverage and a cash value component, making it an attractive option for those who want consistent premiums and the ability to accumulate savings. For example, someone might choose whole life insurance to ensure their family's financial stability while investing in a policy that can grow over time.

For those seeking the best universal life insurance in Tacoma, Protective is the top choice for men and women, with a MoneyGeek score of 91 for both. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a solid option for the average individual looking for a reliable 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 policy that combines life coverage with an investment savings element. For instance, someone might choose universal life insurance over term life insurance because it has the potential to accumulate cash value over time, which can be used to pay premiums or taken as a loan against the policy.

Protective provides the best no-medical-exam life insurance in Tacoma for men and women, with a MoneyGeek score of 91 for both. For individuals in Tacoma seeking life insurance without the hassle of a medical exam, Protective's top ranking suggests a balance of affordability and quality service that could effectively meet the average person's needs.

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 mandatory medical exam offers the convenience of securing coverage without needing a medical check-up. For example, someone with a busy schedule or concerns about medical exams might prefer this type of insurance.

Protective offers the best term life insurance for seniors in Tacoma, with a MoneyGeek score of 92 for men and 91 for women. Its average monthly premiums are $60 and $64, respectively.

Age is a determining factor in life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs. Protective earns the highest MoneyGeek score due to its exceptional balance of affordability, customer satisfaction and financial stability. These scores are pivotal for those seeking dependable coverage, ensuring they invest in a company that values their financial and personal well-being.

In Tacoma, Mutual of Omaha provides best term life insurance for smokers, with a MoneyGeek score of 90 for men and 89 for women and respective average monthly premiums of $65 and $75.

Smoking is a significant factor in determining life insurance premiums, as it increases health risks and potential claims costs for insurers. Mutual of Omaha's top MoneyGeek scores indicate a balance of affordability, customer satisfaction and financial stability, making it a strong choice for smokers in search of dependable term life insurance. When looking for insurance, it's essential to consider these scores, as they reflect the overall value and reliability of the policy.

For those seeking the best term life insurance for young adults in Tacoma, Protective is the top choice for men and women, with a MoneyGeek score of 92 and an average monthly premium of $8 for both genders.

Age is a significant factor in determining life insurance premiums. Younger adults generally benefit from lower rates due to their lower risk profiles. Protective's high MoneyGeek score is attributed to its affordability, strong customer satisfaction and financial stability. Choosing a provider with a high MoneyGeek score ensures a balance of cost and reliability, making Protective a smart choice for young adults in Tacoma.

Protective offers the best cheap term life insurance in Tacoma, with a MoneyGeek score of 92 for men and women. The average monthly premium is $13 and $14, respectively. Protective scores are high due to its affordability, customer satisfaction and financial stability.

Various factors influence life insurance premiums, including age, health rating, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term length and opt for a lower coverage amount.

The average cost of term life insurance premiums in Tacoma is $26 per month for women and $27 per month for men.

Many factors influence the cost of life insurance premiums. These include age, health, lifestyle and occupation. Insurers assess these factors to determine the risk of insuring an individual.

Local conditions in Tacoma may also impact the cost of life insurance. The cost of living, regional health statistics and local risk factors can all play a role. For example, higher health care costs or a higher incidence of certain health conditions in Tacoma could lead to increased premiums. Conversely, lower risk factors might result in lower premiums than in other parts of Washington.

Understanding these factors can help consumers make informed decisions about their life insurance needs. It's important to consider the premium costs and the coverage and benefits provided.