Best Life Insurance in Toledo, OH (October 2024)


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Protective offers the best life insurance for women in Toledo, Ohio, with a MoneyGeek score of 92 and an average monthly premium of $18. For men, Mutual of Omaha is the top provider, with a MoneyGeek score of 91 and an average monthly premium of $27. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors should be considered when deciding on life insurance. 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 Toledo, Ohio.

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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 InsuranceToledo, OH
2024

Best Life Insurance Companies in Toledo

Overall Best Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

Mutual of Omaha is the best life insurance provider for men in Toledo, with a MoneyGeek score of 91 out of 100 and an average monthly premium of $27. For women, Protective ranks highest with a MoneyGeek score of 92 out of 100 and an average monthly premium of $18.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $27 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $28 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Mutual of Omaha is the best choice for men due to its high MoneyGeek score and affordable monthly premium. Protective stands out for women with the highest score and the lowest monthly premium. These features make these companies great options for those looking for value and reliability in their life insurance provider.

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MoneyGeek Top Pick
Mutual of Omaha

In Toledo, Mutual of Omaha is the best life insurance provider for men, with a MoneyGeek score of 91 and an average monthly premium of $27. Protective takes the lead for women, with a MoneyGeek score of 92 and an average monthly premium of $18. Both companies offer exceptional customer satisfaction and financial stability, making them reliable choices for life insurance coverage.

Mutual of Omaha

Pros:

  • High customer satisfaction
  • Good affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Protective

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

For those seeking the best term life insurance for men in Toledo, Mutual of Omaha leads with a MoneyGeek score of 92 out of 100 and an average monthly premium of $12. Protective is the top choice for women, with a MoneyGeek score of 92 and an average monthly premium of $9. These scores reflect the companies' strong performance across affordability, customer satisfaction and financial stability.

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $12 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $13 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $9 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

Term life insurance is a policy that provides coverage for a specified term. It is often chosen for its affordability and simplicity. For example, a young family might opt for term insurance to ensure financial security during their children's formative years without the higher costs associated with whole life insurance.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the premier provider of term life insurance for men in Toledo. It offers a blend of affordability and customer satisfaction. It leads the market with a MoneyGeek score of 92 and an average monthly premium of $12, ensuring financial protection is within reach.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective is the premier term life insurance provider for women in Toledo, with a MoneyGeek score of 92. With an average monthly premium of $13, it stands out as an affordable option without compromising on quality.

Pros:

  • High customer satisfaction
  • Notable affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

In Toledo, Protective is the best whole life insurance provider for men and women, with a MoneyGeek score of 92 out of 100. This score reflects a combination of affordability, customer satisfaction and financial stability, making the company a strong choice for those seeking a reliable insurance policy.

Top whole life companies for men in Toledo:

  • 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 Toledo:

  • 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 provides lifelong coverage and a cash value component, which can be an attractive feature for those looking for a combined investment and insurance product. For example, an individual might choose whole life insurance to ensure financial support for their family while building a cash reserve for future needs.

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MoneyGeek Top Pick
Protective

In Toledo, Protective is the premier choice for whole life insurance for men and women, with a MoneyGeek score of 92 for both. The company's commitment to excellence is reflected in its high scores across multiple categories, ensuring a comprehensive coverage experience for its clients.

Pros:

  • High customer satisfaction
  • 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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Best Universal Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

In Toledo, Protective provides the best universal life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects the company's commitment to affordability, customer satisfaction and financial stability, making it a solid choice for individuals seeking dependable life insurance coverage.

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 permanent life insurance that offers the low-cost protection of term life insurance with a savings element that can be used to build cash value over time. For example, someone might choose universal life insurance over term life insurance if they desire the potential to accumulate savings while having insurance coverage, which can be beneficial for long-term financial planning.

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MoneyGeek Top Pick
Protective

For those seeking universal life insurance in Toledo, Protective is the premier choice for men and women. With a MoneyGeek score of 91 for both genders, the company assures excellence in customer satisfaction, affordability and financial stability.

Pros:

  • High customer satisfaction
  • Exceptional affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

For those seeking the best no-medical-exam life insurance in Toledo, Protective stands out for men and women. Its MoneyGeek score of 91 for both genders suggests it offers reliable coverage and cuprioritizingction, making it a solid choice for individuals who prioritize ease and efficiency in their insurance purchasing experience.

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 with no mandatory medical exam allows individuals to obtain coverage without undergoing a health examination. It can be particularly beneficial for those with health concerns or who need insurance quickly. For example, someone with a chronic condition may opt for no medical exam insurance to avoid potentially higher rates or denial of coverage resulting from a medical exam.

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MoneyGeek Top Pick
Protective

Protective is the premier choice for life insurance without a required medical exam in Toledo, with a MoneyGeek score of 91 for men and women. The company's commitment to customer satisfaction and financial stability makes it a reliable partner in securing your future without the hassle of a medical exam.

Pros:

  • High customer approval
  • Strong financial foundation

Cons:

  • Buying process could improve

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Best Term Life Insurance for Seniors in Toledo, OH

How was this MoneyGeek score calculated?

For those seeking the best term life insurance for seniors in Toledo, Mutual of Omaha stands out for men with a MoneyGeek score of 92 and an average monthly premium of $48. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of around $38.

Age is a key factor in life insurance premiums; the risk to insurers increases as individuals age, leading to higher costs. Mutual of Omaha and Protective earned the highest MoneyGeek scores by offering a balance of affordability, customer satisfaction and financial stability. These attributes make them attractive options for seniors who prioritize value and reliability in their life insurance choices.

Best Term Life Insurance for Seniors in Toledo
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4892
2Protective$5591
3Nationwide$4791
4Transamerica$5687
5Prudential$5786
6Allstate$7285
7AAA$8085
8State Farm$8485
9Haven$8982

Best Term Life Insurance for Smokers in Toledo, OH

How was this MoneyGeek score calculated?

In Toledo, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 91 for men and 89 for women. The average monthly premiums are $26 and $22, respectively.

Smoking influences life insurance premiums significantly, as insurers weigh the heightened risk that smokers present. This is reflected in the cost of premiums, which are typically higher for smokers than nonsmokers. Mutual of Omaha's top ranking is due to its strong performance across multiple metrics, including customer satisfaction and financial stability. These scores indicate the company's ability to provide quality service and support for individuals searching for reliable coverage.

Best Term Life Insurance for Smokers in Toledo
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2691
2Allstate$2389
3Nationwide$3189
4Transamerica$2388
5Protective$3888
6Prudential$2687
7State Farm$3686
8AAA$4785
9Haven$4583

Best Term Life Insurance for Young Adults in Toledo, OH

How was this MoneyGeek score calculated?

In Toledo, Mutual of Omaha offers the best term life insurance for young adults, with a MoneyGeek score of 92 and an average monthly premium of $7 for men. For women, Protective leads with a MoneyGeek score of 92 and an average monthly premium of $6.

Age significantly impacts life insurance premiums, with younger individuals generally benefiting from lower rates. Mutual of Omaha's and Protective's top rankings are due to their high scores in affordability, customer satisfaction and financial stability. These companies are reliable choices for those seeking the best term life insurance for young adults.

Best Term Life Insurance for Young Adults in Toledo
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$792
2Protective$892
3Nationwide$890
4AAA$1288
5Transamerica$888
6Allstate$1386
7State Farm$1486
8Haven$1086
9Prudential$1186
10Bestow$2383

Best Cheap Term Life Insurance in Toledo, OH

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Toledo, Protective stands out for women, with a MoneyGeek score of 92 and an average monthly premium of $9. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of around $12.

Factors influencing life insurance premiums include age, health and coverage amount. To get the lowest premiums, maintain good health, avoid tobacco and choose a shorter term length. The winning companies excel in affordability, customer satisfaction and financial stability, making them ideal choices for those seeking the best cheap term life insurance in Toledo.

Best Cheap Term Life Insurance in Toledo
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$1292
2Nationwide$1392
3Protective$1391
4Transamerica$1389
5Prudential$1785
6Allstate$2085
7Haven$1784
8AAA$2084
9State Farm$2282

Average Cost of Term Life Insurance in Toledo, OH

The average monthly cost of term life insurance in Toledo is $29 for men and $24 for women.

Many factors influence life insurance premiums, including age, health, lifestyle, occupation, coverage amount and the length of the term. Insurers assess these factors to determine the risk associated with providing coverage.

Life insurance costs in Toledo may differ from those in the rest of Ohio due to various local factors. Health trends, economic conditions and specific risk factors unique to the area can impact premium costs. Additionally, competition among insurers in Toledo can affect pricing, leading to variations compared to other regions in Ohio.

FAQ About Life Insurance in Toledo, OH

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

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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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