Best Life Insurance Companies in Enterprise, NV, for 2023

Life insurance financially supports the beneficiaries when the policyholder passes away. It offers a steady source of finances and covers the final expenses of the policyholder. Life insurance can also help the family make up for the income that was previously brought in by the lost family member.

To help you find the best and cheapest life insurance company in Enterprise, Nevada, MoneyGeek looked into different insurers and gathered quotes for various profiles and compared their rates.

In Enterprise, Nevada, MassMutual offers the cheapest $250K coverage policies for both men and women — with monthly rates of $13 and $10, respectively. A $250,000 coverage might be cheaper but may provide inadequate support for beneficiaries.

The recommended coverage in Nevada is $788,000, depending on state-specific factors like cost of living, average income, average debt and more. The cheapest companies for this coverage are MassMutual for men and Nationwide for women — with monthly rates of $24 and $17, respectively.

Life insurance costs vary for men and women based on gender. For instance, the price of life insurance for men in Enterprise is 16% more expensive than the average cost in Nevada.

Life insurance is still more expensive for women in Enterprise than the state average. However, it’s only more expensive by 9%, making the cost of life insurance more expensive for men than it is for women.

Gender is a primary factor that impacts the price of life insurance. The monthly rates for a policy with a $250,000 coverage are $21 for men and $18 for women.

Based on state-specific factors, like the per capita income derived from the U.S. Bureau of Economic Analysis, a $250K coverage policy costs $50 per month for men and $40 per month for women.

A policy with a 10-year term costs $31 per month for men and $25 per month for women. These rates do not consider the coverage amount.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Enterprise using average buyer profile statistics, including the average age of 30, the average weight of 194 pounds for males and 153 pounds for females, and an average coverage need of $788,000.

The top three life insurance companies in Nevada are Prudential Financial Inc., New York Life and Lincoln Financial. They have respective market shares of 6%, 6% and 5%.

As part of MoneyGeek’s research, we collected the market shares of seven of Nevada's leading life insurance companies. Together, the seven companies have an industry market share of 35%. The table below contains a list of these companies, including their individual market shares.

Life insurance for young people in Enterprise costs from $16 per month to $27 per month. Young people can purchase the cheapest policies in this city from these companies:

• Transamerica: $16 per month
• Mutual of Omaha: $18 per month

The table below contains a complete list of life insurance companies in Enterprise, Nevada, including the cost of the monthly premiums of these policies to help you compare rates.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Enterprise who is 5 feet 10 inches in height and weighs 165 pounds with a 20-year term contract at the average coverage need of $270,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

The price range of life insurance for seniors in Enterprise is around $45 per month to $92 per month, depending on the company. The following companies offer the cheapest rates for a life insurance policy for seniors:

• MassMutual: $45 per month
• Mutual of Omaha: $51 per month

MoneyGeek gathered the monthly cost of life insurance companies in Enterprise and laid them out in the table below to serve as a guide for insurance shopping.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Enterprise who is 5 feet 10 inches tall and weighs 194 pounds with a 10-year term contract at the average coverage need of $80,000.

Smokers can spend around $125 per month up to $283 per month for life insurance in Enterprise. They can purchase the most affordable life insurance from the following companies:

• Transamerica: $125 per month
• MassMutual: $149 per month

Policies for smokers are more expensive than usual, so MoneyGeek provided a table to compare the rates of insurers in Enterprise. Refer to the table below for a complete list of companies.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Enterprise who is 5 feet 10 inches tall and weighs 194 pounds with a 20-year term contract at the average coverage need of $788,000.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.