Best Life Insurance Companies in Long Beach, CA

With a life insurance policy, you can provide financial assistance to your beneficiaries if you pass away. We at MoneyGeek are committed to helping you find a Long Beach insurance policy that fits your lifestyle by comparing prices.

Find Long Beach life insurance companies that offer the best rates based on your age, gender and smoking history with MoneyGeek.

It is important to note that gender and coverage amount are two major factors affecting life insurance prices. For a policy with a $250K coverage limit in Longbeach, Transamerica is the most affordable company at $9 per month for men and $7 per month for women.

Although a policy with a $250,000 coverage limit is less expensive, it might not be sufficient for most people. An amount of coverage is recommended in each state based on its cost of living, average income, average personal debt and average age.

The recommended coverage amount of $1,130,000 in California will ensure your loved ones are adequately supported financially. Both men and women can get the cheapest insurance for this coverage level with Transamerica. On average, men pay $20 per month, while women pay $16.

In Long Beach, life insurance for men costs about 3% less than the average cost for men in California, according to MoneyGeek. Meanwhile, Long Beach-based women pay around 8% less than California's average life insurance cost.

By comparing coverage amounts and policy length, MoneyGeek looked at the average life insurance cost in Long Beach for men and women. For a $250K life insurance policy, the average cost is $16 per month for men and $14 per month for women.

For an additional fee, you can purchase California's recommended coverage level of $1,130,000 if you need more coverage. The higher state-recommended coverage in Long Beach costs approximately $42 per month for both men and women.

For a 10-year term policy, regardless of coverage level, the average monthly cost for men is $24 and for women is $23.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Long Beach using average buyer profile statistics, including the average age of 30, the average weight of 179 pounds for males and 142 pounds for females, and an average coverage need of $1,130,000.

With respective market shares of 8%, 7%, and 5%, New York Life, Transamerica, and Northwestern Mutual are the three most popular life insurance companies in California. In the state of California, the seven largest life insurance companies make up 37% of the market share.

MoneyGeek lists California's most popular life insurance companies and their market shares in the table below.

A monthly life insurance premium for a young person in Long Beach typically ranges from $17 to $26. For this age group, MoneyGeek found the cheapest life insurance companies to be:

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

In the table below, you will find the complete list of the most affordable life insurance companies for young adults in Long Beach.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Long Beach who is 5 feet 10 inches and 152 pounds that purchases a 20-year term contract at the average coverage need of $360,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Long Beach seniors pay $37 to $85 a month on average for life insurance. MoneyGeek found the following companies to be the cheapest for older adults in Long Beach:

• Transamerica: $37 per month
• MassMutual: $39 per month

In the table below, you can find more life insurance companies with the lowest rates for seniors in Long Beach.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Long Beach who is 5 feet 10 inches and 179 pounds that purchases a 10-year term contract at the average coverage need of $107,000.

In Long Beach, life insurance can cost between $141 and $210 per month for people who smoke. Among the most affordable companies in Long Beach for smokers, MoneyGeek found:

• Transamerica: $141 per month
• Nationwide: $154 per month

Here are some other Long Beach companies offering affordable rates to smokers.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Long Beach who is 5 feet 10 inches and 179 pounds that purchases a 20-year term contract at the average coverage need of $1,130,000.

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.