Best Life Insurance in Winston-Salem, NC (November 2024)


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In Winston-Salem, North Carolina, Mutual of Omaha is the best life insurance company for men, with a MoneyGeek score of 91 and an average monthly premium of $23. For women, Protective is the top choice, scoring 92 and charging $17 monthly. These figures are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider 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 Winston-Salem, 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 InsuranceWinston-Salem
2024

Best Life Insurance Companies in Winston-Salem

Overall Best Life Insurance in Winston-Salem, NC

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best life insurance in Winston-Salem for men, with a MoneyGeek score of 91 and an average monthly premium of $23. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $17.

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $23 per month
  • Protective: MoneyGeek score of 91 out of 100 at $24 per month

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $17 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month

Both companies are strong choices due to their high MoneyGeek scores and competitive premiums.

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MoneyGeek Top Pick
Mutual of Omaha

In Winston-Salem, men find their best life insurance option in Mutual of Omaha, which scores 91 and charges $23 monthly. It performs well in customer satisfaction and financial stability and provides reliable coverage choices.

Pros:

  • High customer satisfaction
  • Reliable financial stability

Cons:

  • Buying process lacks convenience
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MoneyGeek Top Pick
Protective

Protective stands out for Winston-Salem women seeking life insurance. With a MoneyGeek score of 92 and a monthly premium of $17, it offers quality service and stability.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Reliable financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Winston-Salem, NC

How was this MoneyGeek score calculated?

For men seeking the best term life insurance in Winston-Salem, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $10. Women find their top choice with Protective, scoring 91 at just $9 monthly. These companies offer the highest value in terms of customer satisfaction and financial stability.

Top term life insurance companies for men:

  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $10 per month
  • Protective: MoneyGeek score of 91 out of 100 at $11 per month

Top term life insurance companies for women:

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

Term life insurance is a policy where a beneficiary is paid a specified amount if the insured person dies within a set term. A parent might purchase it to ensure funding for their child's education in case of their untimely death.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top term life insurance provider for men in Winston-Salem, with a MoneyGeek score of 92. Offering a monthly premium of just $10, it ensures affordability while maintaining financial security.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Strong financial stability

Cons:

  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective is the top choice for women seeking term life insurance in Winston-Salem. With a MoneyGeek score of 91 and a monthly premium of $9, it offers a cost-effective solution for excellent coverage.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Winston-Salem, NC

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Winston-Salem, with a MoneyGeek score of 92 for men and women. This score reflects excellence in affordability, customer satisfaction and financial stability.

  • 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 a cash value component, which can appeal to those seeking a stable, long-term financial planning tool. Some might choose it to ensure their family's financial stability or to contribute to a legacy for their heirs.

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MoneyGeek Top Pick
Protective

Protective is Winston-Salem's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's solid balance of quality and value.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • 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 Winston-Salem, NC

How was this MoneyGeek score calculated?

Protective has Winston-Salem's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score indicates excellence in product diversity, customer satisfaction and financial stability.

  • 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 flexibility by combining life insurance with an investment component. It provides a death benefit while allowing the cash value to grow based on interest rates. People choose it for its adjustable coverage, which can adapt to changing financial needs over time.

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MoneyGeek Top Pick
Protective

Protective is the leading universal life insurance provider in Winston-Salem, with a MoneyGeek score of 91 for men and women. This score reflects excellence across key metrics.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Solid financial stability

Cons: Nothing significant

Best No-Medical-Exam Life Insurance in Winston-Salem, NC

How was this MoneyGeek score calculated?

In Winston-Salem, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong combination of affordability, customer satisfaction, financial stability and product diversity.

  • 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 with no mandatory medical exam offers coverage without needing a health checkup, which benefits those who need coverage quickly or have health concerns that might complicate a traditional policy. Someone with a chronic illness might opt for it to avoid the risk of being denied coverage or facing high premiums.

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MoneyGeek Top Pick
Protective

Protective is the top choice for life insurance without the hassle of a medical examination in Winston-Salem. Its MoneyGeek score of 91 for men and women reflects its good balance of affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable coverage
  • Solid financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Winston-Salem, NC

How was this MoneyGeek score calculated?

For older men seeking the best term life insurance for seniors in Winston-Salem, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $39. Protective is the top choice for women, scoring 91 and charging $37 monthly.

Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, thanks to their strong scores, which indicate customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.

Best Term Life Insurance for Seniors in Winston-Salem
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3992
2Protective$4591
3Nationwide$3991
4Allstate$4188
5Transamerica$4787
6Prudential$4886
7State Farm$6985
8AAA$6885
9Haven$7682

Best Term Life Insurance for Smokers in Winston-Salem, NC

How was this MoneyGeek score calculated?

Mutual of Omaha provides the best term life insurance for smokers in Winston-Salem, with MoneyGeek scores of 91 for men and 89 for women. The average monthly premium is $22 for both genders.

Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha provides valuable coverage at competitive prices, making it a top choice for smokers.

Best Term Life Insurance for Smokers in Winston-Salem
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$2291
2Nationwide$2689
3Protective$3288
4Transamerica$1988
5Prudential$1987
6State Farm$3086
7Allstate$3086
8AAA$4085
9Haven$3983

Best Term Life Insurance for Young Adults in Winston-Salem, NC

How was this MoneyGeek score calculated?

For men in Winston-Salem seeking the best term life insurance for young adults, Mutual of Omaha ranks highest with a MoneyGeek score of 92 and an average monthly premium of $6. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $5.

Age significantly affects life insurance premiums. Younger adults usually pay less because they face fewer health risks. Securing term life insurance early helps lock in lower rates.

Best Term Life Insurance for Young Adults in Winston-Salem
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$692
2Protective$792
3Nationwide$790
4Allstate$788
5Transamerica$788
6AAA$1087
7Haven$886
8State Farm$1285
9Prudential$1085
10Bestow$1683

Best Cheap Term Life Insurance in Winston-Salem, NC

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Winston-Salem, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $10. Protective is the top option for women, with a MoneyGeek score of 91 at $9 monthly.

Factors influencing premiums include age, health, coverage amount and term length. To get the lowest rates, maintain good health, choose a shorter term and opt for a lower coverage amount.

Best Cheap Term Life Insurance in Winston-Salem
Data filtered by:Results filtered by:
Sex:
Sex:M
1Mutual of Omaha$1092
2Nationwide$1191
3Protective$1191
4Allstate$1090
5Transamerica$1189
6Prudential$1584
7Haven$1484
8AAA$1784
9State Farm$1882

Average Cost of Term Life Insurance in Winston-Salem, NC

The average monthly premiums for term life insurance in Winston-Salem are $20 for men and $17 for women.

Several factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount. Younger policyholders typically pay lower premiums, but those with pre-existing health conditions may see higher rates.

Life insurance costs in Winston-Salem can vary compared to the rest of North Carolina due to local health stats, lifestyles and economic conditions. These factors impact premiums, and knowing them helps you make informed choices about your coverage.

FAQ: Life Insurance in Winston-Salem, NC

What company has the best life insurance in Winston-Salem for men?

What is the monthly premium for the best life insurance for men in Winston-Salem?

What company has the best life insurance in Winston-Salem for women?

What is the monthly premium for the best life insurance for women in Winston-Salem?

Is there anything different about life insurance in Winston-Salem compared to the rest of North Carolina?

What happens to your life insurance if a company goes bankrupt in Winston-Salem?

Why might Winston-Salem residents need life insurance?

How do you find a lost life insurance policy in Winston-Salem?

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.