Best Life Insurance Companies in Las Vegas, NV, for 2023

Life insurance helps you care for your beneficiaries through financial support even after you pass away. To help you find the best life insurance companies in Las Vegas for your individual profile, we evaluated rates based on gender, age and smoking history.

Coverage amount and gender are two major factors that determine the cost of your life insurance. In Las Vegas, MassMutual is the cheapest company for men, with premiums costing around $12 per month for $250K in coverage. MassMutual is also the most affordable option for women at $9 per month.

A coverage amount of $250K might not be enough for you and your loved ones. Usually, the state-recommended coverage is a helpful guide to determine how much you might need. In Nevada, the recommended life insurance coverage is $788K. This amount is based on the state’s cost of living, average age, average income, average personal debt and other state-specific factors.

With Nevada’s recommended coverage of $788K, MassMutual provides affordable rates for men at $22 per month while Nationwide has cheap premiums for women at $15 per month.

Your gender affects your average life insurance rate in Las Vegas. MoneyGeek’s data revealed that women pay 4% less and men pay 4% more in Las Vegas than the average cost of insurance in Nevada.

Women pay less than men for life insurance in Las Vegas. For $250K in life insurance coverage, women pay roughly $16 per month and men pay $19 per month.

However, this amount of coverage may not be adequate for your needs. If you choose to follow Nevada’s higher recommended coverage amount of $788K, you’ll pay $35 per month if you’re female and $45 per month if you’re male.

Regardless of the coverage limit, a 10-year term policy costs $22 for a female and $27 for a man in Las Vegas.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Las Vegas 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 three most popular life insurance companies in Nevada are Prudential Financial Inc., New York Life and Lincoln Financial with respective market shares of 6%, 6% and 5%. The total market share of the seven most popular insurance companies in Nevada is 34%.

In the table below, you’ll find a table of the seven most popular companies in Nevada.

The average cost of life insurance for young people in Las Vegas ranges between $14 and $24 per month. MoneyGeek listed the cheapest companies for this age group:

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

Below, you’ll find a complete list of the cheapest life insurance providers in Las Vegas for young adults.

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

In Las Vegas, the average life insurance quote for seniors costs $40 to $82 per month. According to MoneyGeek’s data, the two cheapest companies are:

• MassMutual: $40 per month
• Mutual of Omaha: $45 per month

You can browse the table below to see more life insurance companies that offer the cheapest rates for seniors in Las Vegas.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Nevada who is 5 feet 10 inches and 194 pounds that purchases a 10-year term contract at the average coverage need of $80K.

On average, life insurance for smokers in Las Vegas costs between $112 and $253 per month. Based on MoneyGeek’s data, the most affordable insurance providers for smokers in Las Vegas are:

• Transamerica: $112 per month
• MassMutual: $133 per month

In the table below, we’ve provided a complete list of affordable life insurance providers for smokers in Las Vegas.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Nevada who is 5 feet 10 inches and 194 pounds that purchases a 20-year term contract at the average coverage need of $788K. 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.