Best Life Insurance Companies in Kansas City, MO, for 2023

By purchasing a life insurance policy, you protect your beneficiaries financially in the event of your death. With so many life insurance companies in Kansas City, Missouri, comparing quotes and providers is the most effective approach to discovering coverage that fits your needs and way of life.

MoneyGeek's study of each provider's average rates based on different ages, genders and smoking histories reveals the best life insurance companies in Kansas City.

The best life insurance in Kansas City depends on your gender and level of coverage. MassMutual is the best for men for a policy with $250K in coverage, with policies costing an average of $11 per month. For women looking for a comparative policy, Nationwide is the better option, costing $9 per month.

A policy with $250K in coverage may be more affordable but may not provide ample protection. MoneyGeek recommends following the state’s average recommended amount of coverage, which is $625K in Missouri. This is based on the state’s cost of living, average income, average personal debt, average age and other state-specific factors.

The best insurers in Kansas City following the state’s recommended amount of $625K are Nationwide for men ($17 per month) and Mutual of Omaha for women ($14 per month).

Life insurance costs are heavily influenced by gender. Case in point, women in Kansas City pay 1% more than the rest of Missouri, while men pay 6% more in this city than the state average.

On average, women in Kansas City pay $16 per month for $250K of coverage, while men pay $20. However, rates can also change if you use the state's suggested policy amount, calculated using data from the U.S. Bureau of Economics, average mortgage debt, average personal debt, and average age.

Based on Kansas City's suggested coverage amount of $625K, insurance for women costs an average of $32 per month, while policies for men cost $38 per month.

On the other hand, term life insurance can also affect your rates. In Kansas City, a 10-year term policy costs $21 per month for women and $25 per month for men, regardless of coverage level.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Kansas City using average buyer profile statistics, including the average age of 30, the average weight of 202 pounds for males and 160 pounds for females, and an average coverage need of $661,000.

In Missouri, Northwestern Mutual (11%), State Farm (6%) and Lincoln Financial (5%) have the highest market shares. Together, Missouri's top seven life insurance providers make up 37% of the national market.

The following table lists the top seven life insurance companies in Missouri and their market share.

Life insurance premiums for young individuals in Kansas City can range from $14 to $23 per month. According to MoneyGeek’s analysis, the two most affordable and best insurance companies for young people in Kansas are:

• Transamerica: $14 per month
• Mutual of Omaha: $16 per month

Other affordable providers for younger folks looking for life insurance in Kansas City are listed below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Missouri who is 5 feet 10 inches, 170 pounds and purchases a 20-year term contract at the average coverage need of $260,000. We chose a 20-year term to provide a more extended coverage period for a younger buyer.

The cost of life insurance in Kansas City ranges from $41 to $85 per month for seniors. For Kansas City seniors seeking the most affordable policies, these are the best companies:

• MassMutual: $41 per month
• Mutual of Omaha: $46 per month

Find out more about the best and cheapest insurance companies for seniors in Kansas City in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Missouri who is 5 feet 10 inches and 200 pounds that purchases a 10-year term contract at the average coverage need of $77,000.

Smokers in Kansas City should expect to pay a lot for life insurance, ranging from $114 to $222.

Kansas City smokers can still find good, affordable insurance. MoneyGeek analyzed life insurance companies in Kansas City, MO, and identified the following as the best life insurance companies for smokers:

• MassMutual: $114 per month
• State Farm: $115 per month

Check out the other life insurance providers in Kansas City that are best for smokers below.

Rates were determined by analyzing quotes for a 31-year-old male smoker in Missouri who is 5 feet 10 inches and 200 pounds that purchases a 20-year term contract at the average coverage need of $625,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, 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.