Updated: November 22, 2024
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In Billings, Montana, Protective is the best life insurance provider for both men and women, receiving a MoneyGeek score of 92. Women can expect a monthly premium of $21, while men may pay $26. These scores and premium costs are based on a 20-year term policy and $500,000 coverage.
When deciding on the type of life insurance to buy, different considerations must be made. 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 Billings, Montana.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceBillings, MTBest Life Insurance Companies in Billings
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.
If you're looking for the best life insurance in Billings, Protective is a great option for both men and women. It has a MoneyGeek score of 92 and average monthly premiums of $26 for men and $21 for women.
Top providers for men:
Top providers for women:
Its high MoneyGeek score and competitive monthly premiums make it an excellent choice for an individual seeking life insurance in Billings.
Protective is the best life insurance provider in Billings for both men and women. With average monthly premiums at an affordable $21 for women and $26 for men, it balances cost and quality service.
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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.
In Billings, Protective stands out as the best term life insurance provider. It received a MoneyGeek score of 91 and offers average monthly premiums of $12 for men and $11 for women.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides coverage at a fixed rate of payments for a limited period. For example, a parent might purchase a 20-year term life insurance policy to ensure that their child's education expenses will be covered in the event of their untimely death.
When it comes to term life insurance in Billings, Protective stands out with a MoneyGeek score of 91. Men and women seeking reliable policies can expect a monthly premium of about $12 and $11, respectively. Protective's high rating is indicative of its quality services and offerings.
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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 for both men and women. Its high MoneyGeek score reflects its commitment to customer satisfaction and financial stability.
Top whole life companies in Billings:
Whole life insurance provides a guaranteed death benefit, fixed premiums and a cash value component that grows over time. Whole life insurance offers you the peace of mind of knowing that your family's financial needs will be met and your policy will not expire as long as premiums are paid.
Protective emerges as the top choice for the best whole life insurance in Billings, scoring equally high for both men and women. This consistent performance across genders underscores Protective's commitment to providing quality insurance services.
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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.
For those seeking the best universal life insurance in Billings, avail of Protective's offerings. Its MoneyGeek score of 91 for both men and women shows its reliable coverage and financial stability, which are some factors in choosing universal life insurance.
Best universal life insurance for men and women:
Universal life insurance offers flexible premiums and the potential to accumulate cash value, making it a versatile option for long-term financial planning. For instance, someone might choose universal life insurance to provide for their family while also investing in their future.
Protective emerges as the leading choice for universal life insurance in Billings, catering to both men and women. Its stellar 91 MoneyGeek score reflects the company's commitment to satisfying customer needs and maintaining financial robustness.
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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.
Protective is the premier provider of the best no-medical-exam life insurance in Billings, with a MoneyGeek score of 91 for both men and women. The average person in Billings can rely on Protective for a policy that aligns with their needs and expectations.
The top two providers of life insurance with no medical exams are:
Life insurance that does not require medical exams is for those who need coverage quickly without being assessed. For instance, someone with a busy schedule or a dislike of medical appointments might opt for this insurance to save time and avoid discomfort.
For both men and women in Billings seeking no-medical-exam life insurance, Protective is the top provider. Its MoneyGeek score of 91 is proof of reliable insurance tailored to the policyholder's needs.
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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.
The best term life insurance for seniors in Billings is Protective. It received a MoneyGeek score of 91 for both men and women, with men expecting a monthly premium of $52 and women $47.
Age affects life insurance premiums, with costs generally increasing as one grows older due to higher associated risks. A high score means that seniors choosing Protective may find value and reliability in their policies.
| 1 | Protective | $52 | 91 |
| 2 | Mutual of Omaha | $55 | 90 |
| 3 | Nationwide | $53 | 89 |
| 4 | Allstate | $44 | 89 |
| 5 | Transamerica | $51 | 87 |
| 6 | AAA | $66 | 87 |
| 7 | State Farm | $88 | 85 |
| 8 | Prudential | $68 | 85 |
| 9 | Haven | $94 | 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 received scores of 91 from men and 92 from women, making them the top choice for smokers in Billings seeking term life insurance. Men can expect an average monthly premium of $30, while it's $27 for women.
Insurers usually view smokers as higher-risk clients, leading to increased premiums. Mutual of Omaha balances affordability, customer satisfaction, financial stability and product diversity. This makes it a noteworthy option for individuals looking for the best term life insurance for smokers.
| 1 | Mutual of Omaha | $30 | 91 |
| 2 | AAA | $34 | 88 |
| 3 | Transamerica | $28 | 88 |
| 4 | Nationwide | $38 | 88 |
| 5 | Protective | $48 | 88 |
| 6 | Prudential | $30 | 87 |
| 7 | State Farm | $44 | 85 |
| 8 | Allstate | $44 | 84 |
| 9 | Haven | $51 | 82 |
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 the best term life insurance for young adults in Billings, Protective received a high MoneyGeek score of 92 for both men and women. Its average monthly premium is $7.
Age is crucial in determining life insurance premiums. Younger adults generally benefit from lower costs due to their lower risk of health issues.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $8 | 91 |
| 3 | Nationwide | $9 | 90 |
| 4 | AAA | $10 | 89 |
| 5 | Allstate | $7 | 89 |
| 6 | Transamerica | $8 | 88 |
| 7 | State Farm | $15 | 85 |
| 8 | Haven | $11 | 85 |
| 9 | Prudential | $14 | 85 |
| 10 | Bestow | $21 | 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.
The best cheap term life insurance in Billings for both men and women is offered by Protective, which has a MoneyGeek Score of 91. The average monthly premium is $11 for women and $12 for men.
Age, health and coverage amount are factors affecting life insurance premiums. To get the lowest premiums, maintain a healthy lifestyle and consider a term length that fits your needs.
| 1 | Protective | $12 | 91 |
| 2 | Allstate | $11 | 91 |
| 3 | Mutual of Omaha | $13 | 90 |
| 4 | Nationwide | $15 | 90 |
| 5 | Transamerica | $12 | 90 |
| 6 | AAA | $16 | 88 |
| 7 | Haven | $19 | 83 |
| 8 | State Farm | $23 | 82 |
| 9 | Prudential | $20 | 82 |
The average monthly premium for term life insurance in Billings is $24 for both men and women.
Several factors affect the cost of life insurance premiums, including age, health, lifestyle, occupation, policy term and coverage amount.
Life insurance costs in Billings might differ from the rest of Montana due to local health statistics, economic conditions, demographic trends and other risk factors. Understanding these factors can help you make informed decisions about your life insurance needs.
Protective offers the best life insurance for men in Billings. It has the highest MoneyGeek score of 92.
The monthly premium cost for the best life insurance for men in Billings is $26. This rate from Protective provides excellent value considering its high MoneyGeek score.
Protective is the top choice for life insurance for women in Billings. It has the highest MoneyGeek score of 92.
The monthly premium cost for the best life insurance for women in Billings is $21. Protective offers this rate, making it an affordable option with a high MoneyGeek score.
Life insurance in Billings may have different trends compared to the rest of Montana. For instance, Protective has high MoneyGeek scores for both men and women in Billings, but this might not be the case in other cities. Local economic conditions and demographics could influence insurance rates and offerings.
If a life insurance company goes bankrupt in Billings, state guaranty associations step in. These associations protect policyholders by covering claims up to certain limits. It's crucial to check the specific limits for Montana and ensure your policy falls within those protections.
Billings residents might need life insurance for several reasons. It provides financial security for their families in case of unexpected death. Life insurance can cover funeral expenses, pay off debts and replace lost income. It also ensures that dependents maintain their standard of living.
To find a lost life insurance policy in Billings, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Montana Department of Insurance. They may assist in locating the policy through state resources.
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.
