Best Life Insurance in Knoxville, TN (August 2024)
Updated: October 23, 2024
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In Knoxville, Tennessee, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium of $27. For women, the best company 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 the type of life insurance to buy. 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 Knoxville, Tennessee.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceKnoxville, TNBest Life Insurance Companies in Knoxville
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.
If you're looking for the best life insurance in Knoxville, Mutual of Omaha stands out for men with a MoneyGeek score of 91 out of 100 at $27 per month. For women, Protective leads with a MoneyGeek score of 92 out of 100 at $18 per month.
The top providers for men are:
The top providers for women are:
Both companies, with their high MoneyGeek scores and low premiums, provide reliable options for those seeking life insurance in Knoxville.
For men seeking the best life insurance in Knoxville, Mutual of Omaha leads with a score of 91 and a $27 monthly premium. It offers reliable coverage and customer satisfaction.
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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 those seeking the best term life insurance in Knoxville, Mutual of Omaha and Protective emerge as the leading providers for men and women, respectively. Mutual of Omaha has a MoneyGeek score of 92 at $11 per month for men, while Protective leads for women with a score of 92 at $9 per month. These companies offer competitive premiums and high customer satisfaction.
The top providers for men are:
The top providers for women are:
Term life insurance is a policy where coverage is provided for a specified term, offering a death benefit if the insured passes away during the term. For example, a parent may purchase a 20-year term policy to ensure their child's education costs are covered in the event of their untimely death. This type of insurance is often chosen for its affordability and simplicity compared to whole life insurance.
Mutual of Omaha stands out as the premier choice for term life insurance in Knoxville for men. With a MoneyGeek score of 92, it offers a monthly premium of $11, presenting a balance of cost and quality.
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For women in Knoxville seeking reliable term life insurance, Protective stands out with a stellar MoneyGeek score of 92. With a monthly premium cost of just $9, it offers a balance of affordability and security.
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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.
For those in Knoxville seeking the best whole life insurance, Protective stands out with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to excellence across various factors, including customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Whole life insurance offers lifelong coverage and can be an essential part of financial planning, providing a death benefit and the potential for cash value growth over time. For example, someone may choose whole life insurance to ensure their family's financial security or to leave an inheritance, regardless of when they pass away.
For residents of Knoxville seeking reliable whole life insurance, Protective emerges as the top choice for both men and women, with an impressive MoneyGeek score of 92 for each. The company stands out for its excellence in customer satisfaction and financial stability, ensuring policyholders receive quality service and dependable coverage.
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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 provides the best universal life insurance in Knoxville, with a MoneyGeek score of 91 for men and women. This score reflects Protective's strong performance across multiple dimensions, including affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Universal life insurance offers flexibility in premiums and death benefits, which can be appealing for those with changing financial circumstances. For example, a parent might choose universal life insurance to provide for their child's future, knowing they can adjust their coverage as their financial situation evolves.
For those seeking the best universal life insurance in Knoxville, Protective emerges as the leading provider for both men and women, with a MoneyGeek score of 91. The company's high ratings in customer satisfaction and financial stability make it a reliable choice.
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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 provides the life insurance with no mandatory medical exam in Knoxville for both men and women, with a MoneyGeek score of 91. This top ranking reflects the company's commitment to affordability, customer satisfaction and financial stability. The average individual can benefit from Protective's comprehensive offerings.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance allows people to secure life insurance coverage without undergoing a physical examination. For example, someone with a busy lifestyle or a pre-existing health condition might choose such insurance for its convenience and accessibility.
In Knoxville, Protective is the premier choice for no-medical-exam life insurance for men and women, with MoneyGeek scores of 91 for each. This ranking reflects the company's commitment to excellence across multiple dimensions of service and value.
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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.
In Knoxville, for women, the best term life insurance for seniors is provided by Protective , boasting a MoneyGeek score of 92 and a monthly premium of $38. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $46.
Age is a determining factor in life insurance premiums becasue the risk to insurers increases with the policyholder's age. Both Protective and Mutual of Omaha have achieved the highest MoneyGeek scores, indicating a strong balance between affordability, customer satisfaction, ease of the buying process, financial stability and product diversity.
| 1 | Mutual of Omaha | $46 | 92 |
| 2 | Protective | $52 | 91 |
| 3 | Nationwide | $46 | 91 |
| 4 | Transamerica | $54 | 87 |
| 5 | Prudential | $56 | 86 |
| 6 | State Farm | $80 | 85 |
| 7 | AAA | $79 | 85 |
| 8 | Allstate | $88 | 84 |
| 9 | Haven | $88 | 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.
In Knoxville, the best term life insurance for smokers is Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $25 and $23, respectively.
Smoking is a determining factor in life insurance premiums due to the associated health risks, which can lead to higher costs. A high MoneyGeek score like that of Mutual of Omaha is important because it reflects a combination of affordability, customer satisfaction, buying process ease, financial stability and product diversity. These factors are pivotal for individuals seeking reliable coverage and value.
| 1 | Mutual of Omaha | $25 | 91 |
| 2 | Nationwide | $30 | 89 |
| 3 | Allstate | $23 | 88 |
| 4 | Protective | $37 | 88 |
| 5 | Transamerica | $22 | 88 |
| 6 | Prudential | $25 | 87 |
| 7 | State Farm | $35 | 86 |
| 8 | AAA | $47 | 85 |
| 9 | Haven | $45 | 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](https://www.moneygeek.com/insurance/life/best/young-adults/) in Knoxville, Mutual of Omaha stands out for men with a MoneyGeek score of 92 and a monthly premium of $7. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $6.
Age is a key factor in determining life insurance premiums, with younger adults generally benefiting from lower costs due to their lower risk profiles. The high MoneyGeek scores for these companies reflect their strong affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $8 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | Transamerica | $8 | 88 |
| 5 | AAA | $12 | 87 |
| 6 | Allstate | $12 | 86 |
| 7 | Haven | $10 | 86 |
| 8 | State Farm | $14 | 85 |
| 9 | Prudential | $11 | 85 |
| 10 | Bestow | $19 | 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 men, Mutual of Omaha offers the best cheap term life insurance in Knoxville with a MoneyGeek score of 92 and a monthly premium of $11. For women, Protective is the top provider with a MoneyGeek score of 92 and a monthly premium of $9.
Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and opt for a lower coverage amount.
| 1 | Mutual of Omaha | $11 | 92 |
| 2 | Nationwide | $13 | 91 |
| 3 | Protective | $12 | 91 |
| 4 | Transamerica | $13 | 89 |
| 5 | Prudential | $17 | 84 |
| 6 | Allstate | $20 | 84 |
| 7 | Haven | $17 | 84 |
| 8 | AAA | $19 | 84 |
| 9 | State Farm | $21 | 82 |
The average monthly premium for term life insurance in Knoxville is $18 for women and $25 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage. Insurers assess these factors to determine the risk and set the premium accordingly.
In Knoxville, the cost of life insurance might be different from the rest of Tennessee due to regional economic conditions, healthcare costs, and demographic factors. For instance, local economic stability and average healthcare expenses can impact the overall pricing of insurance premiums. Additionally, demographic factors such as the average age and health of the population in Knoxville can also play a role. Understanding these variables can help consumers make informed decisions when purchasing life insurance.
Mutual of Omaha offers the best life insurance in Knoxville for men. Their policy ranks highest in MoneyGeek's evaluation, considering affordability, customer satisfaction and financial stability.
The monthly premium for the best life insurance for men in Knoxville, provided by Mutual of Omaha, is $27. This cost reflects a balance of affordability and comprehensive coverage.
Protective provides the best life insurance in Knoxville for women. This company ranks highest in MoneyGeek's score, factoring in affordability, customer satisfaction and financial stability.
The monthly premium for the best life insurance for women in Knoxville, offered by Protective, is $18. This premium is based on a balance of cost-effectiveness and policy benefits.
Life insurance in Knoxville may have different premium costs and provider rankings compared with other cities in Tennessee. For example, Mutual of Omaha and Protective are top-rated in Knoxville, reflecting localized customer satisfaction and financial stability. These differences highlight the importance of comparing options within specific regions.
If a life insurance company goes bankrupt in Knoxville, state guaranty associations typically step in to protect policyholders. These associations provide coverage up to certain limits, ensuring that policyholders do not lose their benefits. It's important to understand the specific protections offered in Tennessee.
Knoxville residents might need life insurance to provide financial security for their families. Life insurance can cover expenses such as mortgage payments, education costs and daily living expenses. It ensures that loved ones are financially protected in the event of the policyholder's death.
To find a lost life insurance policy in Knoxville, start by checking personal records and contacting the insurance company directly. You can also use online databases and state resources to locate unclaimed life insurance benefits. Ensuring you have all relevant information can speed up the process.
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.
