Best Life Insurance in Cary, NC (October 2024)
Updated: October 23, 2024
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In Cary, 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 $54. For women, Protective is the top choice, scoring 92 and charging $27 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 Cary, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceCary, NCBest Life Insurance Companies in Cary
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Mutual of Omaha offers the best life insurance in Cary for men, with a MoneyGeek score of 91 and an average monthly premium of $54. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $27.
Top providers for men:
Top providers for women:
Both companies are the best choices in Cary due to their high MoneyGeek score and affordable premiums.
In Cary, men find their best life insurance option in Mutual of Omaha, scoring 91 and charging $54 monthly. It performs well in customer satisfaction and financial stability and provides reliable coverage choices.
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Protective is the top life insurance company for women in Cary, with a MoneyGeek score of 92 and a monthly premium of $27.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For men seeking the best term life insurance in Cary, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $23. Women find their top choice with Protective, scoring 91 at just $13 per month. These companies stand out for their strong customer satisfaction, financial stability and product diversity.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance offers short-term protection for a defined period and financial security when needed. For example, a parent might choose it to fund their child's education in case of their untimely passing.
Mutual of Omaha is the top provider of term life insurance for men in Cary, with a MoneyGeek score of 92 and a reasonable monthly premium of $23.
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Protective is the best term life insurance provider for women in Cary, with a MoneyGeek score of 91 and an average monthly premium of $13, balancing affordability with comprehensive coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Cary, with a MoneyGeek score of 92 for men and women. This score reflects a combination of affordability, customer satisfaction and financial stability.
Whole life insurance offers a fixed premium and a guaranteed death benefit, making it suitable for those seeking predictable costs and a secure financial legacy. Someone might choose it over term life insurance to ensure coverage for their entire life, regardless of health changes, and to build cash value over time.
Protective is Cary's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's excellence in customer satisfaction and financial stability.
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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.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective has Cary's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score indicates strong performance in affordability, customer satisfaction, buying process, financial stability and product diversity.
Universal life insurance offers flexibility in premiums and death benefits, which appeal to those who want long-term coverage with cash value growth potential. Someone might choose it over term life insurance to benefit from the policy's savings component, which can be used as a financial safety net or an investment.
Protective is the leading universal life insurance provider in Cary, with a MoneyGeek score of 91 for men and women. This score reflects the company's quality service and overall value.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
Protective offers the best life insurance in Cary without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong combination of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam offers a quick and convenient way to secure coverage without undergoing a health checkup. Someone with a busy schedule or a fear of medical procedures might opt for this type of insurance to save time and avoid stress.
Protective is the top choice for life insurance without the hassle of a medical examination in Cary. Its MoneyGeek score of 91 for men and women reflects its good balance of affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For older men seeking the best term life insurance for seniors in Cary, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $93. Protective is the top choice for women, scoring 91 and charging $56 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 — critical factors for seniors seeking reliable coverage.
| 1 | Mutual of Omaha | $93 | 92 |
| 2 | Protective | $106 | 91 |
| 3 | Nationwide | $93 | 91 |
| 4 | Allstate | $96 | 88 |
| 5 | Transamerica | $110 | 87 |
| 6 | Prudential | $114 | 86 |
| 7 | State Farm | $163 | 85 |
| 8 | AAA | $162 | 85 |
| 9 | Haven | $179 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha provides the best term life insurance for smokers in Cary, with MoneyGeek scores of 91 for men and 89 for women. The average monthly premiums are $51 for males and $33 for females.
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.
| 1 | Mutual of Omaha | $51 | 91 |
| 2 | Nationwide | $62 | 89 |
| 3 | Protective | $75 | 88 |
| 4 | Transamerica | $45 | 88 |
| 5 | Prudential | $46 | 87 |
| 6 | State Farm | $71 | 86 |
| 7 | Allstate | $70 | 86 |
| 8 | AAA | $96 | 85 |
| 9 | Haven | $92 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
For men in Cary 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 $15. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $8.
Age significantly affects premiums because younger adults typically have lower health risks. The high scores for these companies reflect a strong balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $15 | 92 |
| 2 | Protective | $16 | 92 |
| 3 | Nationwide | $17 | 90 |
| 4 | Allstate | $16 | 88 |
| 5 | Transamerica | $17 | 88 |
| 6 | AAA | $25 | 87 |
| 7 | Haven | $20 | 86 |
| 8 | State Farm | $28 | 85 |
| 9 | Prudential | $23 | 85 |
| 10 | Bestow | $38 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
For the best cheap term life insurance in Cary, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $23. Protective is the top option for women, with a MoneyGeek score of 91 at $13 monthly.
Factors impacting premiums include age, health, coverage amount and term length. To get the lowest rates, maintain good health, choose a shorter term length and opt for a higher deductible.
| 1 | Mutual of Omaha | $23 | 92 |
| 2 | Nationwide | $26 | 91 |
| 3 | Protective | $25 | 91 |
| 4 | Allstate | $25 | 90 |
| 5 | Transamerica | $27 | 89 |
| 6 | Prudential | $34 | 84 |
| 7 | Haven | $34 | 84 |
| 8 | AAA | $39 | 84 |
| 9 | State Farm | $44 | 82 |
Cary's average monthly term life insurance premiums are $47 for men and $26 for women. Many factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount.
Life insurance costs in Cary can differ from those in other parts of North Carolina due to several factors, such as local health statistics, the cost of living and regional risks. Also, competition among insurers may affect prices.
Understanding these factors helps you make informed decisions when shopping for life insurance. It allows you to assess options and choose a policy that fits your needs and budget.
Mutual of Omaha has the best life insurance in Cary for men, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Cary, provided by Mutual of Omaha, is $54.
Protective has the best life insurance in Cary for women, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Cary, provided by Protective, is $27.
Life insurance providers and premiums in Cary may differ from those in the rest of North Carolina. For instance, Mutual of Omaha and Protective offer competitive rates in Cary, but that might not apply to other cities. Local factors like demographics and competition can also impact available options.
If a life insurance company in Cary goes bankrupt, state guaranty associations may protect policyholders.
Cary residents might need life insurance to provide financial security for loved ones, cover debts or fund a child's education.
To find a lost life insurance policy in Cary, check with the state's insurance department, use online policy locator tools or contact the insurance company directly for assistance.
About Mark Fitzpatrick
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.
