Best Life Insurance Companies in Macon-Bibb, GA

MassMutual is the best company overall for life insurance in Macon-Bibb. MoneyGeek also found that MassMutual offers the best policies for smokers and seniors. However, if you are a young adult, Mutual of Omaha is the best life insurance provider in the city. Life insurance quotes in Macon-Bibb can be as affordable as around $9 per month for a policy with $250K coverage or approximately $16 per month for the recommended coverage in Georgia.

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Advertising & Editorial DisclosureLast Updated: 12/23/2022
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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.

MoneyGeek Logo IconBestLife InsuranceMacon-Bibb, GA
2023

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

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Best Cheap Life Insurance in Macon-Bibb

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.

Cheapest Life Insurance Companies for Males and Females in Macon-Bibb
  • Cheapest For
    $250K Coverage
    $680K Coverage (Recommended)
  • Male

    MassMutual

    MassMutual

  • Female

    MassMutual

    Nationwide

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Life Insurance Costs in Macon-Bibb for Men and Women

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.

Average Monthly Life Insurance Rates in Macon-Bibb: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • MassMutual
    $9
    $16
  • Nationwide
    $10
    $16
  • Mutual of Omaha
    $10
    $17
  • State Farm
    $17
    $33
  • AAA
    $18
    $41
  • Progressive Life
    $20
    $42
  • Prudential
    $24
    $49
Average Monthly Life Insurance Rates in Macon-Bibb: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Nationwide
    $10
    $14
  • Mutual of Omaha
    $10
    $14
  • MassMutual
    $9
    $14
  • AAA
    $10
    $18
  • Prudential
    $18
    $23
  • State Farm
    $15
    $26
  • Progressive Life
    $13
    $33

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.

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LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Life insurance costs less for women because, on average, women tend to have a longer life expectancy. This makes them less risky to insure. Men are at a higher risk for heart disease and are also more likely to engage in risky behavior. These are just some of the factors that make their life expectancy shorter.

According to studies, more men buy life insurance compared to women despite costs being cheaper for women. However, it is equally important for women to get life insurance since they play a role in the financial stability of their families, so a policy will help to protect their dependents.

Most Popular Life Insurance Companies in Georgia

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.

Most Popular Life Insurance Companies in Georgia

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  • Company
    Market Share
  • Northwestern Mutual
    11%
  • MassMutual
    5%
  • State Farm
    5%
  • Lincoln Financial
    5%
  • New York Life
    4%
  • Transamerica
    3%
  • AIG
    3%
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MONEYGEEK DICTIONARY

Market share is the percentage of revenue or sales that a company generates compared to its competitors in the same market. MoneyGeek analyzed the most popular life insurance companies in Georgia based on market share data from S&P Global’s 2020 market intelligence reports.

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Cheapest Life Insurance for Young People in Macon-Bibb

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.

Best Life Insurance Companies for Young People in Macon-Bibb, GA

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  • Company
    Monthly Cost
  • Mutual of Omaha
    $14
  • MassMutual
    $14
  • AAA
    $15
  • Prudential
    $16
  • State Farm
    $17
  • Nationwide
    $17
  • Progressive Life
    $20

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.

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Life insurance is cheaper for young adults ages 25 or younger, but rates tend to increase as you get older. This means that buying a life insurance policy at a young age is the best way to save on your life insurance costs. You can also get the best rates by comparing quotes from different lenders to find the most affordable life insurance for young adults.

Cheapest Life Insurance for Seniors in Macon-Bibb

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.

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

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  • Company
    Monthly Cost
  • MassMutual
    $36
  • Mutual of Omaha
    $41
  • Nationwide
    $41
  • State Farm
    $48
  • Progressive Life
    $65
  • AAA
    $68
  • Prudential
    $74

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.

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LIFE INSURANCE COSTS MORE FOR SENIORS

The cost of life insurance is typically higher for seniors because they have a shorter life expectancy, which makes them riskier to insure. This means buying a life insurance policy as a senior will be more expensive.

Since most seniors typically do not have younger dependents who need coverage for future income, they can opt for a life insurance policy with lower coverage. This is why our sample policy coverage for seniors has a lower coverage than for other groups. Most seniors only need enough coverage to cover funerals and other final expenses, so lower coverage amounts are usually sufficient.

Cheapest Life Insurance for Smokers in Macon-Bibb

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.

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

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  • Company
    Monthly Cost
  • MassMutual
    $104
  • State Farm
    $104
  • Nationwide
    $108
  • Mutual of Omaha
    $114
  • Progressive Life
    $160
  • Prudential
    $171
  • AAA
    $198

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.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Since smoking is a risk factor for various health conditions, smokers are considered riskier to insure. This makes their life insurance costs higher than rates for non-smokers. However, if you are a smoker in Macon-Bibb, you can still find affordable life insurance for smokers.

MoneyGeek also recommends buying a longer 20-year term policy with extended coverage since rates for smokers tend to increase exponentially with age.

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Insurance Rates

Methodology

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.

About the Author


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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