Best Life Insurance in Greensboro, NC (October 2024)
Updated: October 23, 2024
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In Greensboro, North Carolina, the best life insurance provider for men is Mutual of Omaha with a MoneyGeek score of 91 and an average monthly premium of $24. For women, the best option is Protective with a MoneyGeek score of 92 and a monthly premium of $18. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when deciding on life insurance. 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 Greensboro, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceGreensboro, NCBest Life Insurance Companies in Greensboro
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.
For men, Mutual of Omaha leads with a MoneyGeek score of 91 out of 100 at $24 per month. For women, Protective stands out with a MoneyGeek score of 92 out of 100 at $18 per month.
Top providers for men:
Top providers for women:
Mutual of Omaha and Protective offer competitive rates and high MoneyGeek scores, making them excellent choices for life insurance in Greensboro. Their strong scores reflect good affordability, customer satisfaction and financial stability, which are crucial factors for anyone looking to secure life insurance.
Mutual of Omaha is the best life insurance provider in Greensboro for men with a MoneyGeek score of 91 and a monthly premium of $24. It excels in customer satisfaction and financial stability, ensuring a reliable choice for life insurance coverage.
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Protective is the best life insurance provider in Greensboro for women, with a MoneyGeek score of 91. The monthly premium for women is a competitive $18. Protective stands out due to its high customer satisfaction and financial stability, ensuring a reliable choice for life insurance coverage.
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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.
The Mutual of Omaha offers the best term life insurance for men in Greensboro, with a MoneyGeek score of 92 and an average monthly premium of $10. For women, Protective leads with a score of 91 and a monthly cost of $9. These companies excel in offering reliable coverage at competitive rates, making them the best for individuals seeking financial protection for their loved ones without the burden of a high premium.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.
Mutual of Omaha is the best provider of term life insurance for men in Greensboro, with a MoneyGeek score of 92. Men seeking reliable coverage can secure a policy at an approximate monthly premium of $10, ensuring affordability without compromising on quality. This company's reputation is built on a foundation of robust customer satisfaction and financial stability, making it a top contender in the insurance landscape.
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Protective stands out as the top choice for women seeking term life insurance in Greensboro. With an impressive MoneyGeek score of 91, Protective offers a monthly premium of just $9, representing a balance of cost and quality.
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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 Greensboro for both men and women, with a MoneyGeek score of 91. Individuals seeking a policy can be confident in the company's ability to meet their needs with excellence across multiple metrics.
Whole life insurance provides lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.
Protective stands out as the top provider of whole life insurance in Greensboro for both men and women, with a MoneyGeek score of 91 for both genders. This score reflects a balance of affordability, customer satisfaction and financial stability. Pros:
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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 is the best universal life insurance provider in Greensboro, with a MoneyGeek score of 91 for both men and women. This score indicates a strong performance across various factors such as affordability, customer satisfaction and financial stability, making Protective an optimal choice for individuals seeking reliable life insurance coverage.
Universal life insurance offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.
Protective is the choice for universal life insurance in Greensboro for both men and women, with a MoneyGeek score of 91 for each. This score reflects a commitment to customer satisfaction and financial stability, making Protective a reliable option for life insurance seekers.
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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.
In Greensboro, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.
Life insurance without a medical exam allows individuals to obtain coverage more quickly and without the hassle of a health examination. For example, someone with a busy schedule or a fear of medical procedures might opt for this type of insurance.
Protective stands out as the best no-medical-exam life insurance provider in Greensboro for both men and women, with a MoneyGeek score of 91 for each group. The company's exceptional customer satisfaction and affordability make it a top choice for those seeking dependable life insurance without the hassle of a medical exam.
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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 men seeking the best term life insurance for seniors in Greensboro, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $42. Women will find Protective offers the highest value, boasting a score of 91 and a premium of $37.
Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Mutual of Omaha and Protective stand out due to their strong performance across affordability for seniors, customer satisfaction, buying process, financial stability and product diversity.
| 1 | Mutual of Omaha | $42 | 92 |
| 2 | Protective | $48 | 91 |
| 3 | Nationwide | $42 | 91 |
| 4 | Allstate | $43 | 88 |
| 5 | Transamerica | $50 | 87 |
| 6 | Prudential | $51 | 86 |
| 7 | State Farm | $73 | 85 |
| 8 | AAA | $73 | 85 |
| 9 | Haven | $81 | 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.
For those seeking the best term life insurance for smokers in Greensboro, Mutual of Omaha stands out with the highest MoneyGeek scores for both men and women. It has a score of 91 for men and 89 for women, with monthly premiums of $23 and $22, respectively.
Smoking significantly impacts life insurance premiums due to the heightened health risks it presents. Mutual of Omaha's top MoneyGeek scores indicate a balance between affordability, customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $23 | 91 |
| 2 | Nationwide | $28 | 89 |
| 3 | Protective | $34 | 88 |
| 4 | Transamerica | $20 | 88 |
| 5 | Prudential | $20 | 87 |
| 6 | State Farm | $32 | 86 |
| 7 | Allstate | $31 | 86 |
| 8 | AAA | $43 | 85 |
| 9 | Haven | $42 | 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 the best term life insurance for young adults in Greensboro, Protective leads for women with a MoneyGeek score of 92 and a monthly premium of $5. Mutual of Omaha is top for men with a MoneyGeek score of 92 and a monthly premium of $7.
Age plays a significant role in determining life insurance premiums. Younger adults typically enjoy lower premiums due to their lower risk profiles, making it crucial for them to secure life insurance early.
Protective and Mutual of Omaha excel due to their balance of affordability, customer satisfaction and financial stability. Their high MoneyGeek Scores reflect their strong performance across these criteria.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $7 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | Allstate | $7 | 88 |
| 5 | Transamerica | $7 | 88 |
| 6 | AAA | $11 | 87 |
| 7 | Haven | $9 | 86 |
| 8 | State Farm | $13 | 85 |
| 9 | Prudential | $10 | 85 |
| 10 | Bestow | $17 | 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 Greensboro, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $10, while Protective tops the list for women with a MoneyGeek Score of 91 and a monthly premium of roughly $9.
Several factors affect life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain good health, avoid tobacco and choose a shorter term length.
Mutual of Omaha's high score for men is due to its strong affordability and customer satisfaction ratings. Protective's top score for women is driven by its financial stability and customer satisfaction.
| 1 | Mutual of Omaha | $10 | 92 |
| 2 | Nationwide | $12 | 91 |
| 3 | Protective | $11 | 91 |
| 4 | Allstate | $11 | 90 |
| 5 | Transamerica | $12 | 89 |
| 6 | Prudential | $15 | 84 |
| 7 | Haven | $15 | 84 |
| 8 | AAA | $18 | 84 |
| 9 | State Farm | $20 | 82 |
The average monthly premium for term life insurance in Greensboro, North Carolina, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.
Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.
The cost of life insurance in Greensboro might be higher or lower compared to other parts of North Carolina due to various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Greensboro has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.
Mutual of Omaha has the best life insurance in Greensboro for men, with a MoneyGeek score of 91 out of 100.
The monthly premium cost for the best life insurance for men in Greensboro, provided by Mutual of Omaha, is $24.
Protective has the best life insurance in Greensboro for with a MoneyGeek score of 92 out of 100.
The monthly premium cost for the best life insurance for women in Greensboro, offered by Protective, is $18.
Life insurance in Greensboro may differ from other parts of North Carolina in terms of premium costs and company options. For example, Mutual of Omaha and Protective have the highest scores in Greensboro. These differences could be due to regional factors such as cost of living or local health statistics.
If a life insurance company goes bankrupt in Greensboro, state guaranty associations typically step in to protect policyholders. These associations ensure that claims are paid up to certain limits, providing a safety net for policyholders during such events.
Greensboro residents might need life insurance to provide financial security for their families in the event of their death. Life insurance can cover funeral costs, pay off debts, and ensure that dependents have financial support for future expenses like education.
To find a lost life insurance policy in Greensboro, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the North Carolina Department of Insurance for assistance in locating the policy.
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.
