Best Life Insurance in Torrance, CA (September 2024)

Protective is the best life insurance company in Torrance, California, for both men and women. The MoneyGeek score for men is 92 out of 100, with an average monthly premium of $39. For women, the MoneyGeek score is 91, with an average premium of $34 per month.

Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs may mean a different company is best for you.

Protective offers the best life insurance in Torrance for both men and women, with a MoneyGeek score of 92 for men and 91 for women, and average monthly premiums of $39 and $34 respectively.

Top companies for men:

• Protective: MoneyGeek score of 92 out of 100 at $39 per month for men
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $48 per month for men

Top companies for women:

• Protective: MoneyGeek score of 91 out of 100 at $34 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $42 per month for women

Protective stands out for its high MoneyGeek scores and affordable premiums, making it a strong choice for the average individual looking to purchase life insurance in Torrance.

Protective stands out as the provider of the best term life insurance in Torrance, with a MoneyGeek score of 92 and an average monthly premium of $20 for men and $19 for women. The consistency in high scores for both genders makes Protective a leading choice for individuals seeking reliable coverage.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 92 out of 100 at $20 per month for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $19 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $25 per month for women

Term life insurance is a policy where the insurer pays a benefit if the insured person dies within a specified term. For instance, a parent might buy term insurance to ensure their child's education costs are covered in the event of their untimely death.

Protective is the best whole life insurance provider in Torrance for both men and women, with a MoneyGeek score of 92 for each. This score reflects the company's strong performance across affordability, customer satisfaction, buying process and financial stability, making it an excellent choice for individuals seeking reliable and comprehensive coverage.

Top whole life companies for men in Torrance:

• 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 Torrance:

• 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 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.

Protective emerges as the premier provider of the best universal life insurance in Torrance for both men and women, boasting a MoneyGeek score of 91. This score indicates a strong combination of affordability, customer satisfaction, buying process, financial stability and product diversity, making Protective an optimal choice for the average individual seeking a reliable 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 offers flexible premiums and the potential for cash value growth, making it a versatile option for long-term financial planning. For instance, an individual interested in both life coverage and a savings element that can be used for future needs may find universal life insurance preferable to term life insurance.

In the city of Torrance, Protective is the best life insurance without a medical exam provider for both men and women, with a MoneyGeek score of 91.

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

This life insurance allows individuals to obtain coverage more quickly and with less effort than traditional policies that require a medical exam.

For people in Torrance seeking the best term life insurance for seniors, Protective stands out with a MoneyGeek score of 91 for men and 90 for women, and average monthly premiums of $94 and $88, respectively. Age is a determining factor in the cost of life insurance premiums; as one grows older, the risk to the insurer increases, leading to higher premiums.

Protective's top scores reflect its strong customer satisfaction, financial stability, and product diversity. These factors are vital for seniors who prioritize reliability and comprehensive coverage in their insurance choices. For more details on securing your future, consider reading about the.

For smokers in Torrance seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $101 and $105 respectively.

Smokers face higher premiums due to the increased health risks associated with tobacco use. Mutual of Omaha's top scores reflect its strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity, making it a leading choice for those looking for reliable coverage.

Protective offers the best term life insurance for young adults in Torrance, with a MoneyGeek Score of 92. The monthly premium is $11 for women and $12 for men.

Age significantly impacts the cost of life insurance premiums. Younger individuals generally pay lower premiums due to lower health risks associated with age. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction, and financial stability. This makes it a great choice for young adults seeking the best term life insurance for young adults in Torrance.

For those seeking the best cheap term life insurance in Torrance, Protective stands out with a MoneyGeek Score of 92 for both men and women. The average monthly premium is $20 for men and $19 for women.

Various factors influence life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, avoid tobacco, and choose a term length and coverage amount that meets your needs without excess.

The average monthly premium for term life insurance in Torrance is $32 for women and $37 for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation, the amount of coverage and the type of policy. Understanding these factors can help consumers make informed decisions about their life insurance needs.

In Torrance, the cost of life insurance might be higher or lower compared to other parts of California due to various reasons. Local health statistics, the cost of living, and regional insurance regulations can all influence insurance rates. Additionally, the level of competition among insurers in the area can also play a role in determining premium costs.

By considering these factors, consumers can better navigate the complexities of life insurance and find a policy that suits their needs and budget.