Best Life Insurance in Akron, OH (October 2024)

Protective is the best life insurance in Akron, Ohio, for women with a MoneyGeek score of 92 and an average monthly premium of $18. On the other hand, Mutual of Omaha is the top choice for men with a MoneyGeek score of 91 and an average monthly premium of $27. These scores and premium costs are specific to a 20-year term policy and might vary based on your unique needs.

When choosing life insurance, consider various factors like your health, age, and financial goals. Your unique needs may mean a different company is best for you.

Mutual of Omaha offers the best life insurance for men in Akron with a MoneyGeek score of 91 out of 100 at roughly $27 per month. For women, Protective is the top provider with a MoneyGeek score of 92 out of 100 at an average of $18 per month.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $27 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $28 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Both companies offer affordability, strong customer satisfaction and financial stability, making them reliable choices for life insurance in Akron.

Mutual of Omaha stands out for men with the best term life insurance in Akron, with a MoneyGeek score of 92 at an average monthly premium of $12. For women, Protective takes the lead with a MoneyGeek score of 92 at roughly $9 per month. These companies excel in affordability, customer satisfaction and financial stability, making them reliable choices for the average individual seeking term life insurance.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 92 at $12 per month for men
• Protective: MoneyGeek score of 91 at $13 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 at $9 per month for women
• Mutual of Omaha: MoneyGeek score of 91 at $10 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.

Protective provides the best whole life insurance in Akron for both men and women, with a MoneyGeek score of 92. This score reflects Protective's affordability and excellent customer service, making it a reliable choice for individuals seeking financial security through a whole life insurance policy.

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

Whole life insurance provides lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.

Protective is the best universal life insurance provider in Akron for both men and women, with a MoneyGeek score of 91 out of 100. This high score suggests that Protective offers a balance of affordability, customer satisfaction and financial stability.

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

Universal life insurance offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.

In Akron, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.

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

Life insurance without a medical exam allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.

Mutual of Omaha is the best provider for men looking for the best term life insurance for seniors in Akron, with a MoneyGeek score of 92 and an average monthly premium of $47. For women, Protective leads with the same score and a premium of $39.

Age impacts life insurance premiums; as the risk of insuring an individual increases with age, so does the premium. The top scores for Mutual of Omaha and Protective reflect their superior performance in affordability, customer satisfaction, buying process, financial stability and product diversity.

Mutual of Omaha offers the best term life insurance for smokers in Akron, with a MoneyGeek score of 91 for men and 89 for women, and average monthly premiums of $25 and $22, respectively.

Smoking significantly influences life insurance premiums since smokers pose a higher risk to insurers, often resulting in higher costs. Mutual of Omaha's high scores reflect its commitment to customer satisfaction, a smooth buying process and financial stability, all of which are critical for those seeking dependable coverage.

Mutual of Omaha offers the best term life insurance for young adults in Akron for men, with a MoneyGeek score of 92 and an average monthly premium of $7. For women, Protective is the top company, scoring 92 with an average monthly premium of $6.

Age influences life insurance premiums. Younger adults generally benefit from lower premiums due to their lower risk of health issues. Mutual of Omaha and Protective stand out due to their high affordability, customer satisfaction and financial stability scores.

For those seeking the best cheap term life insurance Akron, Mutual of Omaha is the top provider for men with a MoneyGeek score of 92 and an average monthly premium of $12. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of roughly $9. Both companies have high MoneyGeek scores due to their affordability, customer satisfaction and financial stability.

Various factors affect life insurance premiums, including age, health and coverage amount. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and shop around for quotes. Choosing a company with a high score ensures you get the best value for your money.

The average cost of term life insurance in Akron is $18 per month for women and $25 per month for men.

Several factors influence the cost of life insurance premiums, including age, health, lifestyle, occupation, coverage amount and the term length of the policy. Each of these factors can significantly impact the monthly premium you pay.

Life insurance costs in Akron might be higher or lower compared to the rest of Ohio due to local health statistics, economic conditions, and specific risk factors in the area. For example, if Akron has higher rates of certain health conditions or riskier occupations, premiums may be higher. Conversely, a healthier population or lower risk factors could result in lower premiums.

Understanding these factors can help you make more informed decisions when purchasing life insurance. By considering local conditions and your personal circumstances, you can find a policy that meets your needs and budget.