Best Life Insurance Companies in North Las Vegas, NV

In North Las Vegas, Nevada, the best overall life insurance provider for the average adult as well as seniors is MassMutual. For young people and people with a smoking history, the cheapest option is Transamerica. The cheapest life insurance in the city can go as low as $11 per month for $250K in coverage and $22 per month for Nevada state’s recommended coverage amount.

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Advertising & Editorial DisclosureLast Updated: 12/22/2022
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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.

MoneyGeek Logo IconBestLife InsuranceNorth Las Vegas
2023

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

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Best Cheap Life Insurance in North Las Vegas

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.

Cheapest Life Insurance Companies for Males and Females in North Las Vegas
  • Cheapest For
    $250K Coverage
    $788K Coverage (Recommended)
  • Male

    MassMutual

    MassMutual

  • Female

    MassMutual

    Nationwide

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Life Insurance Costs in North Las Vegas for Men and Women

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.

Average Monthly Life Insurance Rates in North Las Vegas: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • MassMutual
    $11
    $22
  • Nationwide
    $12
    $22
  • Mutual of Omaha
    $12
    $23
  • Transamerica
    $12
    $26
  • AAA
    $17
    $39
  • State Farm
    $21
    $45
  • Progressive Life
    $17
    $60
  • Prudential
    $30
    $63
Average Monthly Life Insurance Rates in North Las Vegas: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Nationwide
    $9
    $14
  • MassMutual
    $8
    $15
  • Mutual of Omaha
    $10
    $15
  • Transamerica
    $11
    $27
  • State Farm
    $18
    $33
  • Progressive Life
    $17
    $37
  • AAA
    $15
    $37
  • Prudential
    $17
    $42

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.

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LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Gender plays a role in determining life insurance costs. North Las Vegas charges men higher insurance costs than women since men have a shorter life expectancy than women. According to a Harvard study, women tend to outlive men as they are less likely to engage in dangerous activities than men.

However, a study found that men are more likely to buy life insurance than women. Whether you are a working woman whose family depends on you for financial support, a single mom primarily responsible for your child or a stay-at-home mom, it’s a good idea to get life insurance.

Most Popular Life Insurance Companies in Nevada

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.

Most Popular Life Insurance Companies in Nevada

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  • Company
    Market Share
  • Prudential
    6%
  • New York Life
    6%
  • Northwestern Mutual
    5%
  • Lincoln Financial
    5%
  • Pacific Life
    4%
  • State Farm
    4%
  • Transamerica
    4%
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MONEYGEEK DICTIONARY

Market share reflects the percentage of sales relative to other companies in the industry. Companies with the highest market share dominate the market. In this guide, the market share data is derived from S&P Global’s 2020 market intelligence reports.

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Cheapest Life Insurance for Young People in North Las Vegas

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.

Best Life Insurance Companies for Young People in North Las Vegas, NV

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  • Company
    Monthly Cost
  • Transamerica
    $14
  • Mutual of Omaha
    $16
  • MassMutual
    $16
  • AAA
    $17
  • Prudential
    $19
  • Nationwide
    $19
  • State Farm
    $19
  • Progressive Life
    $24

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.

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Getting life insurance before you are 25 is cheaper than when you’re older. It also gets expensive as you age since policy costs increase as you become more prone to certain illnesses. Purchasing life insurance while you’re young is one of the best strategies to get cheaper life insurance.

Cheapest Life Insurance for Seniors in North Las Vegas

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.

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

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  • Company
    Monthly Cost
  • MassMutual
    $40
  • Mutual of Omaha
    $45
  • Nationwide
    $46
  • State Farm
    $48
  • AAA
    $60
  • Progressive Life
    $71
  • Transamerica
    $80
  • Prudential
    $82

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.

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LIFE INSURANCE COSTS MORE FOR SENIORS

Seniors are usually viewed as risky to insure and therefore have higher life insurance premiums than the average adult. However, they usually don’t need that much coverage as their beneficiaries are more likely to be financially independent adults. At the very least, life insurance coverage is expected to cover funeral and burial expenses as well as estate taxes or debts. As a result, MoneyGeek’s quoted premiums for seniors are lower than the limits for other demographics.

Cheapest Life Insurance for Smokers in North Las Vegas

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.

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

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  • Company
    Monthly Cost
  • Transamerica
    $111
  • MassMutual
    $132
  • State Farm
    $136
  • Nationwide
    $142
  • Mutual of Omaha
    $146
  • Prudential
    $165
  • Progressive Life
    $212
  • AAA
    $251

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.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

People who smoke are prone to smoking-related illnesses, including heart attack, stroke and coronary heart diseases, which reduce their life expectancy. Therefore, smokers are deemed risky to insure, causing life insurance rates to increase. You can still get affordable life insurance for smokers by comparing insurers that offer cheap rates for your profile. MoneyGeek recommends buying at least a 20-year term policy since premiums increase exponentially with a history of smoking.

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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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