Best Life Insurance Companies in Macon-Bibb, GA, for 2023

A life insurance policy helps to financially provide for your beneficiaries when you pass away. Shopping around and comparing providers in Macon-Bibb can help you find the best rates for your profile and needs.

MoneyGeek analyzed life insurance providers to help you find the best life insurance companies in Macon-Bibb, Georgia. We also ranked the best companies for different profiles, including smokers, young adults and seniors.

At an average cost of $9 per month for men and women, Mass Mutual is the cheapest company in Macon-Bibb for a policy with $250K coverage.

For the state recommended coverage of $680,000, MassMutual is the cheapest option for men, at an average of $16 per month. Nationwide is the cheapest option for women, at around $14 per month.

It is cheaper to buy a policy with $250,000 coverage, but it might not be adequate. The recommended coverage of $680,000 is based on state-specific factors.

Macon-Bibb life insurance rates are typically lower than the average rates for the state of Georgia. Life insurance rates for men are up to 6% lower than the state average, while women pay up to 16% less than the state average.

A life insurance policy with the default coverage of $250K in Macon-Bibb costs an average of $18 per month for men and approximately $13 per month for women.

For a policy with the recommended state coverage of $680,000, the average cost for men is $36 per month, while women pay approximately $24 per month. This recommendation is based on factors like per capita income from the U.S. Bureau of Economic Analysis, average personal debt and the average age in the state.

Additionally, for a 10-year term policy, men pay around $23 per month while women pay roughly $16 per month. This is regardless of the coverage amount.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Macon-Bibb using average buyer profile statistics, including the average age of 30, the average weight of 193 pounds for males and 153 pounds for females, and an average coverage need of $680,000.

The three most popular life insurance companies in Georgia are Northwestern Mutual with 11% of the average market share, Lincoln Financial with 5% and State Farm with 5%. Overall, the seven most popular companies make up approximately 36% of the total life insurance market share in Georgia. You can use the table below to see how life insurance companies compare by market share in Georgia.

Life insurance quotes in Macon-Bibb for young adults can range from $14 to $20 per month. On average, the cheapest life insurance companies in Macon-Bibb for young adults are:

• Mutual of Omaha: $14 per month
• MassMutual: $14 per month

You can compare the most affordable life insurance companies for young adults in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Macon-Bibb who is 5 feet 10 inches in height and weighs 164 pounds with a 20-year term contract at the average coverage need of $260,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

In Macon-Bibb, life insurance premiums for seniors can range from $36 to $74 per month. If you are a senior looking for affordable life insurance, the cheapest life insurance companies in Macon-Bibb are, on average:

• MassMutual: $36 per month
• Mutual of Omaha: $41 per month

You can use the table below to compare life insurance rates for seniors in Macon-Bibb.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Macon-Bibb who is 5 feet 10 inches tall and weighs 193 pounds with a 10-year term contract at the average coverage need of $77,000.

Life insurance quotes in Macon-Bibb for smokers can range from around $104 to $198 per month. On average, the most affordable companies for smokers in Macon-Bibb are:

• MassMutual: $104 per month
• State Farm: $104 per month

You can use the table below to compare average life insurance rates for smokers in Macon-Bibb.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Macon-Bibb who is 5 feet 10 inches tall and weighs 193 pounds with a 20-year term contract at the average coverage need of $680,000.

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