Best Life Insurance in Peoria, AZ (October 2024)

Protective ranks as the best life insurance provider for women in Peoria, Arizona, gaining a MoneyGeek score of 92 and having an average monthly premium of $36. For men, Mutual of Omaha takes the top spot with a score of 91 and an average monthly premium of $51. These scores reflect a 20-year term policy with $500,000 coverage.

When choosing life insurance, consider factors like your age, health and financial goals. While these scores provide a general guide, your unique needs may point to a different company as the best fit.

Remember, life insurance isn't just about numbers. It's about securing peace of mind for you and your loved ones. Choose wisely, and you'll be set for the long haul.

Mutual of Omaha offers the best life insurance for men, with a MoneyGeek score of 91 and an average monthly premium of $51. Meanwhile, Protective tops the list for women in Peoria, with a MoneyGeek score of 92 and an average monthly premium of $36.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $51 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $56 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $36 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $44 per month for women

Choosing the right life insurance can be daunting, but these companies offer strong customer satisfaction and financial stability. Mutual of Omaha and Protective provide competitive rates and high scores, making them ideal choices for those seeking reliable coverage in Peoria.

For those seeking the best term life insurance in Peoria, Protective stands out for women with a MoneyGeek score of 92 at an average of $20 per month, while Mutual of Omaha leads for men with a score of 91 at an average of $25 per month. These companies offer competitive premiums and strong customer satisfaction records, providing reliable coverage options for individuals looking to secure their financial future with term life insurance.

Top term life insurance companies for men:

• Mutual of Omaha: MoneyGeek score of 91 at $25 per month for men
• Nationwide: MoneyGeek score of 91 at $23 per month for men

Top term life insurance companies for women:

• Protective: MoneyGeek score of 92 at $20 per month for women
• Mutual of Omaha: MoneyGeek score of 90 at $25 per month for women

Term life insurance offers a simple, cost-effective way to provide financial protection for a set period. For example, a parent might purchase a 20-year term policy to ensure their child's education expenses are covered in the event of their untimely passing.

When looking for the best whole life insurance in Peoria, Protective stands out for both men and women, with a MoneyGeek score of 92. The company's high score is a testament to its strong performance across various metrics, including customer satisfaction and financial stability.

Top whole life companies for men in Peoria:

• Protective: MoneyGeek score of 92 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Peoria:

• Protective: MoneyGeek score of 92 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance offers lifetime coverage and a cash value component, which can be appealing for those who want a stable, long-term investment option along with their insurance coverage. For example, someone might choose whole life insurance to ensure they leave a financial legacy for their heirs, regardless of when they pass away.

In Peoria, Protective stands out as the provider of the best universal life insurance for both men and women, with a MoneyGeek score of 91. This score reflects the company's commitment to affordability, customer satisfaction, product diversity and financial stability. The best universal life insurance offers flexibility and long-term financial security, so Protective's high scores in these areas are particularly relevant for the average buyer.

Best universal life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best universal life insurance for women:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance is a type of permanent life insurance that offers both a death benefit and a cash value component, which can grow over time. Unlike term life insurance, universal policies can provide lifelong coverage and the flexibility to adjust premiums and benefits as the policyholder's financial needs change. For example, someone might prefer universal life insurance for its potential to accumulate cash value that can be borrowed against, making it a useful financial planning tool.

For those seeking the best no medical exam life insurance in Peoria, Protective stands out with a MoneyGeek score of 91 for both men and women. This score reflects Protective's strong performance across affordability, customer satisfaction, buying process and financial stability. The company's high score suggests that it provides reliable coverage and service, making it a solid choice for the average individual in Peoria who values a straightforward insurance-buying experience.

Best no-medical-exam life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best no-medical-exam life insurance for women:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

A life insurance with no mandatory medical exam can be helpful to some Peoria residents. For example, someone with a busy schedule or a dislike of medical exams might choose this insurance for its convenience.

For men seeking the best term life insurance for seniors in Peoria, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $93. For women, Protective takes the lead with a score of 90 and an average monthly premium of $94.

Age is a determining factor in life insurance premiums, as they generally increase with the insured's age, reflecting the greater risk to the insurer. Mutual of Omaha and Protective achieve their high scores based on customer satisfaction, affordability and financial stability, making them reliable choices for seniors in Peoria.

For men seeking the best term life insurance for smokers in Peoria, Mutual of Omaha stands out with a MoneyGeek score of 90 and an average monthly premium of $56. Women will find Allstate to be the top provider, scoring 88 with a $36 average monthly premium.

Smoking is factored into life insurance costs due to the higher health risks it presents, often leading to increased premiums. The leading companies earned their high MoneyGeek scores by excelling across several metrics, including affordability, customer satisfaction and financial stability, which are crucial for consumers looking for reliable and cost-effective life insurance options.

The best term life insurance for young adults in Peoria is offered by Protective with a MoneyGeek score of 92 for women and 91 for men. The average monthly premiums are $12 for women and $16 for men.

Age plays a crucial role in determining life insurance premiums. Younger adults typically benefit from lower rates due to their lower risk profiles. Protective's high MoneyGeek score reflects its strong performance in affordability, customer satisfaction and financial stability. For young adults in Peoria, choosing Protective means getting a well-rounded policy that balances cost and quality.

Nationwide offers the best cheap term life insurance for men in Peoria, with a MoneyGeek score of 93 and an average monthly premium of $23. For women, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $20.

Nationwide's high score for men reflects its strong customer satisfaction and buying process. Protective's high score for women highlights its affordability and financial stability. For those in Peoria seeking value in life insurance, these companies provide a balanced mix of cost and quality.

Factors like age, health, coverage amount and term length play a role in determining rates. To secure the lowest premiums, consider maintaining a healthy lifestyle and choosing a suitable coverage amount and term length.

The average monthly premium for term life insurance in Peoria is $35 for women and $47 for men.

Several factors influence the cost of life insurance premiums, including age, health, lifestyle, occupation and policy term. For instance, younger individuals with no health issues typically pay lower premiums, while those with risky jobs or health conditions might get higher rates.

In Peoria, the cost of life insurance might be different compared to the rest of Arizona. Local health statistics, economic factors and insurer risk assessments play a role. For example, if Peoria has higher average health risks or economic challenges, premiums might be higher. Conversely, if the area is deemed lower risk, rates could be lower.