Best Life Insurance Companies in Pembroke Pines, FL, for 2023

Life insurance provides financial security for your beneficiaries when you pass away. Shopping around can help you find the best policy and rates for your needs. MoneyGeek analyzed life insurance companies to help you find the best life insurance companies in Pembroke Pines, Florida. We also ranked the best providers in the city for smokers, young adults and seniors.

Life insurance quotes in Pembroke Pines vary depending on your gender and the coverage level you purchase. Transamerica offers the cheapest rates for the default coverage level of $250K at an average of $12 per month for men and $10 per month for women.

For a life insurance policy with the recommended coverage of $736K, Transamerica offers the cheapest rates at an average of $18 per month for women and $23 per month for men.

A policy with $250K coverage may be cheaper, but it might not be enough coverage for most people. The recommended coverage for Florida is $736K, based on the cost of living, average income, average personal debt, average age and other state-specific factors.

Pembroke Pines' life insurance rates are typically higher than the average rate for Florida, with men paying around 19% more than the state average while women pay roughly 10% more than the state average.

Gender is one of the key factors in the cost of life insurance. The average cost of a policy with $250K coverage in Pembroke Pines is $21 per month for men, while women pay $17 monthly for similar coverage.

The average cost for a policy with the recommended coverage in Florida is also higher for men, at an average cost of $42 per month compared to $34 for women. The recommended coverage level for Florida is based on factors such as per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age.

For a 10-year term policy, average rates for men are $27 per month, while average rates for women are $22 per month.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Pembroke Pines using average buyer profile statistics, including the average age of 34, the average weight of 183 pounds for males and 145 pounds for females, and an average coverage need of $736,000.

In Florida, Northwestern Mutual, Lincoln Financial and MassMutual are the most popular life insurance companies, with 8%, 6% and 5% of the total life insurance market share, respectively. Overall, the seven most popular life insurance providers in Florida make up 36% of the life insurance market share in the state.

You can look up the most popular companies by market share in the table below.

Life insurance quotes in Pembroke Pines for young adults can range from $17 to $27 per month, on average. If you are a young person, the cheapest companies for life insurance in Pembroke Pines are:

• Transamerica: $17 per month
• Mutual of Omaha: $19 per month

You can compare life insurance rates for young adults in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Pembroke Pines who is 5 feet 10 inches in height and weighs 156 pounds with a 20-year term contract at the average coverage need of $280K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

In Pembroke Pines, life insurance premiums for seniors can range from an average of $46 to $95 per month. The cheapest life insurance companies in Pembroke Pines for seniors are:

• MassMutual: $46 per month
• State Farm: $49 per month

You can use the table below to compare life insurance rates for seniors in Pembroke Pines.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Pembroke Pines who is 5 feet 10 inches tall and weighs 183 pounds with a 10-year term contract at the average coverage need of $83K.

If you are a smoker in Pembroke Pines, you will pay between $136 and $241 per month for life insurance, on average. The most affordable life insurance companies for smokers in Pembroke Pines are:

• Transamerica: $136 per month
• State Farm: $159 per month

You can use the table below to compare the most affordable life insurance rates for smokers.

Rates were determined by analyzing quotes for a 34-year-old male smoker in Pembroke Pines who is 5 feet 10 inches tall and weighs 183 pounds with a 20-year term contract at the average coverage need of $736K.

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.