Best Life Insurance Companies in Florida (2025)

Protective Insurance offers the best life insurance in Florida and nationwide according to MoneyGeek's analysis, earning an overall score of 4.7 out of 5 based on customer service, affordability and coverage options. We also recommend Guardian Life, Lincoln Financial and Prudential as alternatives.

Rates are based on average quotes for adult (ages 30-49) nonsmokers with a $500,000 20-year term policy. These are estimates based on MoneyGeek's analysis and may not reflect your actual premium. Actual rates vary based on health, lifestyle, and other underwriting factors. Contact insurers directly for personalized quotes.

The top life insurance provider works well for many people, but your best choice depends on your choice of life insurance policy type. Check the leading providers suited to different types below.

Rates are estimates based on MoneyGeek's analysis and may not reflect your actual premium. Individual rates vary based on health, lifestyle, and other underwriting factors. Contact insurers directly for personalized quotes.

The filterable table tailors life insurance recommendations to your personal profile:

Rates are based on a term life insurance policy for nonsmokers with average weight and health ratings. Individual costs will vary based on policy type and your profile. Rates in this table may differ from those mentioned in the best companies' profiles, as we used an age range of 30-49 for main comparisons.

Florida life insurance regulations provide strong consumer protections under the oversight of the Florida Department of Financial Services.

Key Consumer Protections

• The contestable period gives insurers two years from your policy's effective date to investigate and contest claims for material misrepresentations. After this period, your coverage becomes virtually incontestable, providing greater security for beneficiaries.
• Florida's free look period allows you 14 days to review your new policy after delivery. You can cancel during this time and receive a full premium refund if you're not satisfied with the coverage terms.
• If you miss a premium payment, Florida law provides a 30-day grace period for most policies. Your coverage remains active during this time, preventing accidental lapses that could leave your family unprotected.

Financial Security Guarantees

The Florida Life & Health Insurance Guaranty Association protects policyholders with coverage up to $300,000 per policy if your insurer becomes insolvent. This state-backed protection ensures your beneficiaries receive benefits even if your insurance company fails.

Interest on Death Benefit Claims

Florida law requires insurers to include interest when paying a lump-sum death benefit. The interest starts accruing once the insurer receives written proof of the policyholder’s death. The rate used must reflect prevailing corporate bond yields as published by Moody’s and can’t fall below a state-mandated minimum if that index changes.

In Florida, our top life insurance recommendations are Protective Insurance, Guardian Life, Lincoln Financial and Prudential. Depending on the type of policy, North American, Ethos, Legal & General, Mutual of Omaha and Pacific Life also offer some of the best options.

We recommend evaluating your personal needs, setting a coverage level and shopping around for quotes to find the right fit.

Explore our expert answers to common life insurance questions to guide your decisions in Florida.

Life insurance rates don't vary by state. We analyzed nationwide carriers to find which companies consistently deliver the best combination of affordability, financial strength and customer service. Since Florida residents pay the same rates as customers in other states, our research focused on identifying providers with strong track records across all markets.

Our scoring methodology evaluates companies across three categories, with each earning up to five points per category. We calculate an overall MoneyGeek score using these weightings:

• Affordability: 55%
• Customer Experience: 30%
• Coverage Options: 15%

Each company's score includes:

• Cost data from online quotes
• Financial strength ratings from A.M. Best and years in business
• Customer satisfaction data from the NAIC complaint index, J.D. Power and other online customer reviews
• Online tools and payment options
• Product diversity

Sample profile for quotes: We used quotes for an adult (ages 30-49) nonsmoker with average height, healthy weight and average health. We modified the profile by age, gender, height, weight, tobacco use, health rating and location to collect quotes across customer types. We collected quotes for term life insurance with varying term lengths and coverage amounts.

When trends emerged in the dataset, we used those patterns to calculate projections and extend the data beyond what we originally collected.