Best Life Insurance in Winston-Salem, NC (October 2024)
Updated: October 23, 2024
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In Winston-Salem, North Carolina, Mutual of Omaha is the best life insurance company for men, with a MoneyGeek score of 91 and an average monthly premium of $23. For women, Protective is the top choice, scoring 92 and charging $17 monthly. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider the coverage amount, term length and your health. Your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Winston-Salem, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceWinston-SalemBest Life Insurance Companies in Winston-Salem
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Mutual of Omaha offers the best life insurance in Winston-Salem for men, with a MoneyGeek score of 91 and an average monthly premium of $23. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $17.
Top providers for men:
Top providers for women:
Both companies are strong choices due to their high MoneyGeek scores and competitive premiums.
In Winston-Salem, men find their best life insurance option in Mutual of Omaha, which scores 91 and charges $23 monthly. It performs well in customer satisfaction and financial stability and provides reliable coverage choices.
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Protective stands out for Winston-Salem women seeking life insurance. With a MoneyGeek score of 92 and a monthly premium of $17, it offers quality service and stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For men seeking the best term life insurance in Winston-Salem, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $10. Women find their top choice with Protective, scoring 91 at just $9 monthly. These companies offer the highest value in terms of customer satisfaction and financial stability.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance is a policy where a beneficiary is paid a specified amount if the insured person dies within a set term. A parent might purchase it to ensure funding for their child's education in case of their untimely death.
Mutual of Omaha is the top term life insurance provider for men in Winston-Salem, with a MoneyGeek score of 92. Offering a monthly premium of just $10, it ensures affordability while maintaining financial security.
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Protective is the top choice for women seeking term life insurance in Winston-Salem. With a MoneyGeek score of 91 and a monthly premium of $9, it offers a cost-effective solution for excellent coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Winston-Salem, with a MoneyGeek score of 92 for men and women. This score reflects excellence in affordability, customer satisfaction and financial stability.
Whole life insurance provides lifelong coverage and a cash value component, which can appeal to those seeking a stable, long-term financial planning tool. Some might choose it to ensure their family's financial stability or to contribute to a legacy for their heirs.
Protective is Winston-Salem's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's solid balance of quality and value.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective has Winston-Salem's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score indicates excellence in product diversity, customer satisfaction and financial stability.
Universal life insurance offers flexibility by combining life insurance with an investment component. It provides a death benefit while allowing the cash value to grow based on interest rates. People choose it for its adjustable coverage, which can adapt to changing financial needs over time.
Protective is the leading universal life insurance provider in Winston-Salem, with a MoneyGeek score of 91 for men and women. This score reflects excellence across key metrics.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
In Winston-Salem, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong combination of affordability, customer satisfaction, financial stability and product diversity.
Life insurance with no mandatory medical exam offers coverage without needing a health checkup, which benefits those who need coverage quickly or have health concerns that might complicate a traditional policy. Someone with a chronic illness might opt for it to avoid the risk of being denied coverage or facing high premiums.
Protective is the top choice for life insurance without the hassle of a medical examination in Winston-Salem. Its MoneyGeek score of 91 for men and women reflects its good balance of affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For older men seeking the best term life insurance for seniors in Winston-Salem, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $39. Protective is the top choice for women, scoring 91 and charging $37 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, thanks to their strong scores, which indicate customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.
| 1 | Mutual of Omaha | $39 | 92 |
| 2 | Protective | $45 | 91 |
| 3 | Nationwide | $39 | 91 |
| 4 | Allstate | $41 | 88 |
| 5 | Transamerica | $47 | 87 |
| 6 | Prudential | $48 | 86 |
| 7 | State Farm | $69 | 85 |
| 8 | AAA | $68 | 85 |
| 9 | Haven | $76 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha provides the best term life insurance for smokers in Winston-Salem, with MoneyGeek scores of 91 for men and 89 for women. The average monthly premium is $22 for both genders.
Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha provides valuable coverage at competitive prices, making it a top choice for smokers.
| 1 | Mutual of Omaha | $22 | 91 |
| 2 | Nationwide | $26 | 89 |
| 3 | Protective | $32 | 88 |
| 4 | Transamerica | $19 | 88 |
| 5 | Prudential | $19 | 87 |
| 6 | State Farm | $30 | 86 |
| 7 | Allstate | $30 | 86 |
| 8 | AAA | $40 | 85 |
| 9 | Haven | $39 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
For men in Winston-Salem seeking the best term life insurance for young adults, Mutual of Omaha ranks highest with a MoneyGeek score of 92 and an average monthly premium of $6. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $5.
Age significantly affects life insurance premiums. Younger adults usually pay less because they face fewer health risks. Securing term life insurance early helps lock in lower rates.
| 1 | Mutual of Omaha | $6 | 92 |
| 2 | Protective | $7 | 92 |
| 3 | Nationwide | $7 | 90 |
| 4 | Allstate | $7 | 88 |
| 5 | Transamerica | $7 | 88 |
| 6 | AAA | $10 | 87 |
| 7 | Haven | $8 | 86 |
| 8 | State Farm | $12 | 85 |
| 9 | Prudential | $10 | 85 |
| 10 | Bestow | $16 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
For the best cheap term life insurance in Winston-Salem, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $10. Protective is the top option for women, with a MoneyGeek score of 91 at $9 monthly.
Factors influencing premiums include age, health, coverage amount and term length. To get the lowest rates, maintain good health, choose a shorter term and opt for a lower coverage amount.
| 1 | Mutual of Omaha | $10 | 92 |
| 2 | Nationwide | $11 | 91 |
| 3 | Protective | $11 | 91 |
| 4 | Allstate | $10 | 90 |
| 5 | Transamerica | $11 | 89 |
| 6 | Prudential | $15 | 84 |
| 7 | Haven | $14 | 84 |
| 8 | AAA | $17 | 84 |
| 9 | State Farm | $18 | 82 |
The average monthly premiums for term life insurance in Winston-Salem are $20 for men and $17 for women.
Several factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount. Younger policyholders typically pay lower premiums, but those with pre-existing health conditions may see higher rates.
Life insurance costs in Winston-Salem can vary compared to the rest of North Carolina due to local health stats, lifestyles and economic conditions. These factors impact premiums, and knowing them helps you make informed choices about your coverage.
Mutual of Omaha offers the best life insurance for men in Winston-Salem, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Winston-Salem, provided by Mutual of Omaha, is $23.
Protective offers the best life insurance for women in Winston-Salem, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Winston-Salem, provided by Protective, is $17.
Life insurance rates and options in Winston-Salem may differ from other parts of North Carolina. Mutual of Omaha and Protective have competitive rates and high MoneyGeek scores in the city. Residents should compare these with options in other areas to find the best fit.
If a life insurance company in Winston-Salem goes bankrupt, state guaranty associations often protect policyholders by ensuring that policies are honored up to certain limits.
Winston-Salem residents might need life insurance to protect their families financially in case of their untimely death. It can cover funeral costs, pay off debts and provide ongoing income for dependents.
To find a lost life insurance policy in Winston-Salem, check personal records and contact the deceased's financial advisors. You can also contact the North Carolina Department of Insurance, which may have resources to help locate missing policies. Also, online databases can assist in the search.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
