Best Life Insurance Companies in Paradise, NV, for 2024

Life insurance guarantees your dependents get financial support after you pass away. MoneyGeek analyzed how much life insurance companies in Paradise charge per month across gender, age and the policy coverage amount. This guide can help you secure the best life insurance policy in Paradise, Nevada.

For a coverage amount of $250,000, the cheapest life insurance company in Paradise is MassMutual, charging male buyers an average of $10 per month and female buyers around $8 per month.

A life insurance policy with $250K coverage features a lower premium but offers less support to your beneficiaries after you pass away. Nevada’s recommended coverage amount of $788,000 is based on the state’s averages for cost of living, income, age and personal debt. Policies with this amount provide more coverage to your loved ones which correlate to living in Paradise.

The most affordable life insurance company in Paradise for the $788K recommended coverage limit for men is MassMutual, costing around $20 per month, whereas the cheapest insurer for women is Nationwide, at roughly $14 per month.

Based on MoneyGeek’s findings, Paradise life insurance rates for men and women are lower than the average cost of life insurance in Nevada, with men paying about 7% less than the state average and women around 12%.

Life insurance rates vary significantly by gender. In Paradise, men pay an average of $17 monthly, and women about $14 per month for a coverage amount of $250K.

MoneyGeek reviewed life insurance quotes in Paradise for men and women with the Nevada-recommended coverage amount of $788,000 since its basis is per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age.

From the findings, the rate for a male buyer is roughly $40 per month, while females pay around $32.

Without regard to the coverage amount, a 10-year term policy in Paradise costs an average of $25 per month for men and $20 for women.

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

According to MoneyGeek’s research, Prudential Financial Inc. has the largest life insurance market share in Nevada, at around 6%, followed by New York Life with roughly 6% and Lincoln Financial with around 5%.

The total market share for the seven most popular life insurance providers in Nevada is roughly 34%. You can view the table below to compare their rates.

In Paradise, on average, companies charge young buyers between $13 and $22 per month for a life insurance policy.

Based on MoneyGeek’s average rate analysis, the most affordable life insurance in Paradise for young people comes from the following companies:

• Transamerica: $13 per month
• Mutual of Omaha: $14 per month

The following table provides a complete list of life insurance policy companies for young adults in Paradise.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Paradise who is 5 feet 10 inches tall and weighs 165 pounds with 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.

In Paradise, seniors can get life insurance at an average monthly cost of $36 to $74.

Based on MoneyGeek’s average rate analysis, the cheapest life insurance companies in Paradise for seniors are:

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

The table below outlines the providers of life insurance policies in Paradise for seniors, with their rates.

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

Smokers pay an average of $101 to $227 monthly for life insurance in Paradise. After collecting average quotes in Paradise for smokers, MoneyGeek found the most affordable life insurance providers are:

• Transamerica: $101 per month
• MassMutual: $119 per month

You can review the following table to compare the life insurance companies in Paradise for smokers and their rates.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Paradise who is 5 feet 10 inches tall and weighs 194 pounds with a 20-year term contract at the average coverage need of $788,000.

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.