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

Having life insurance is one way to ensure that your beneficiaries can get by financially when you pass away. Since there are numerous life insurance companies in North Las Vegas, Nevada, to choose from, it can be hard to find the best for your circumstances.

This MoneyGeek guide listed the best life insurance companies in North Las Vegas, Nevada, for different buyer profiles.

Life insurance quotes in North Las Vegas vary based on gender and the coverage amount. The cheapest policy with a $250K coverage amount is offered by MassMutual at $11 monthly for men and $8 monthly for women.

Although it is affordable, a $250K coverage-limit policy might be insufficient. Based on state-specific factors and buyer profiles, Nevada recommends policies with at least $788,000 in coverage.

The cheapest policies with this coverage limit for men come from MassMutual at an average of $22 monthly. Nationwide offers the cheapest $788K policies for women at an average of $14 monthly.

Gender and policy amount are two of the many factors that impact life insurance costs. In North Las Vegas, men pay approximately 3% more than the state average, while women pay about 10% less than the state average.

A $250K coverage-limit policy costs $19 per month for men and $15 per month for women.

By increasing the coverage level to meet Nevada’s recommended coverage amount of $788,000 (based on factors like per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age), the cost of monthly premiums jumps to $45 for men and $33 for women.

Additionally, men pay an average of $27 per month and women pay an average of $20 per month for a 10-year term policy regardless of the limit.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in North 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.

Based on averages determined by MoneyGeek’s analysis, Prudential Financial Inc. (6%), New York Life (6%) and Lincoln Financial (5%) have the highest market share in North Las Vegas. Overall, the seven most popular companies in the city make up roughly 35% of the market share.

In the table below, MoneyGeek listed the most popular life insurance companies in North Las Vegas according to their market shares.

In North Las Vegas, the average life insurance premiums for young people can range between $14 and $24 per month. MoneyGeek found that, on average, the two most affordable insurers for young people in North Las Vegas are:

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

Compare life insurance quotes in North Las Vegas for young people in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in North Las Vegas who is 5 feet 10 inches, 165 pounds and purchases a 20-year term contract at the average coverage need of $270,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Average North Las Vegas life insurance quotes for seniors range between $40 and $82 per month. Based on MoneyGeek’s study, the top life insurance companies with the cheapest average rates for seniors include:

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

See the table below to compare the best and the cheapest insurers in North Las Vegas for seniors.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in North Las Vegas who is 5 feet 10 inches, 194 pounds and purchases a 10-year term contract at the average coverage need of $80,000.

If you’re a smoker looking for life insurance in North Las Vegas, expect insurance premiums to range between $111 and $251 per month. On average, the top two most affordable companies in North Las Vegas for smokers are:

• Transamerica: $111 per month
• MassMutual: $132 per month

The table below shows a list of the best and cheapest life insurance companies in North Las Vegas for smokers.

Rates were determined by analyzing quotes for a 30-year-old male smoker in North Las Vegas who is 5 feet 10 inches, 194 pounds and purchases a 20-year term contract at the average coverage need of $788,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase significantly as you age.

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.