Best Life Insurance Companies in Fort Collins, CO, for 2024

A life insurance policy helps to ensure that your beneficiaries have financial support after you pass away. There are several life insurance providers in Fort Collins, but the best option for you will depend on your background and needs. MoneyGeek broke down the best life insurance companies in Fort Collins, Colorado, to help you find the best rates. We also highlighted the best options for smokers, young adults and seniors.

Life insurance quotes in Fort Collins will depend on the coverage level purchased and your gender. Transamerica offers the cheapest rates for $250K coverage at an average cost of $10 per month for men and $8 per month for women.

The cheapest rates for the recommended coverage level of $919K are offered by Transamerica at an average cost of $24 per month for men and Nationwide for women at $17 per month.

A policy with $250K coverage may be cheaper, but it does not necessarily offer sufficient coverage. Based on the cost of living, average income, average personal debt, average age and other state-specific factors in Colorado, the recommended coverage is $919K.

Fort Collins life insurance rates for women are significantly cheaper than rates for men. Compared to the average rates for the state, men in Fort Collins pay 7% more, but women pay 10% less.

Gender is one of the primary factors that impact life insurance costs. In Fort Collins, a policy with the default coverage of $250K costs an average of $16 per month for men and $14 per month for women.

The average cost of a policy with the recommended state coverage of $919K is $44 per month for men and $31 per month for women. The recommended coverage is calculated based on factors such as the per capita income, average personal debt and average age in the state.

Men also pay higher rates for a 10-year term policy, regardless of coverage limit, at an average of $26 per month compared to an average of $19 per month for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Fort Collins using average buyer profile statistics, including the average age of 30, the average weight of 173 pounds for males and 137 pounds for females, and an average coverage need of $919,000.

The three most popular life insurance companies in Colorado are Northwestern Mutual, Lincoln Financial and New York Life. Northwestern Mutual commands the highest market share at 13%, while Lincoln Financial and New York Life make up 5% each of the market share. Overall, about 39% of the market share is taken up by the seven most popular companies.

You can compare the most popular life insurance companies in Colorado in the table below.

Life insurance quotes in Fort Collins can range from an average of $17 to $27 per month for young adults. The cheapest life insurance companies for young people in Fort Collins are:

• Transamerica: $17 per month
• Mutual of Omaha: $18 per month

You can look up the most affordable companies in Fort Collins for young adults in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Fort Collins who is 5 feet 10 inches in height and weighs 147 pounds with a 20-year term contract at the average coverage need of $320K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Fort Collins life insurance rates for seniors can range from $41 to $97 per month, on average. The cheapest companies for life insurance if you are a senior in Fort Collins are:

• MassMutual: $41 per month
• State Farm: $44 per month

You can compare average rates for seniors by company in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Fort Collins who is 5 feet 10 inches tall and weighs 173 pounds with a 10-year term contract at the average coverage need of $95K.

Life insurance costs for smokers in Fort Collins range from an average of $132 to $246 per month. The cheapest life insurance companies in Fort Collins for smokers are:

• Transamerica: $132 per month
• Nationwide: $157 per month

You can look up the average rates for smokers in Fort Collins in the table below.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Fort Collins who is 5 feet 10 inches tall and weighs 173 pounds with a 20-year term contract at the average coverage need of $919K.

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.