Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance provider in Boston, Massachusetts, with a MoneyGeek score of 91 and average monthly premiums of $33 for men and $29 for women. These scores and costs are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider your age, health and coverage needs. Your unique situation 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 Boston, Massachusetts.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceBoston, MABest Life Insurance Companies in Boston
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.
Protective is the best life insurance provider in Boston, with a MoneyGeek score of 91 and a monthly premium of $33 for men and $29 for women.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score indicates strong performance across multiple metrics, making it a reliable and cost-effective life insurance option.
Protective is Boston's best life insurance provider, with a MoneyGeek score of 91 and monthly premiums of $33 for men and $29 for women. Its high customer satisfaction and financial stability scores make it a leading choice for quality coverage.
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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.
Protective has the best term life insurance in Boston with a MoneyGeek score of 91 and average monthly premiums of $14 for men and $13 for women. Its affordability, high customer satisfaction and financial stability make it a solid choice.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a specific period. A parent might choose term insurance to ensure funding for their child's education in case of their untimely death.
In Boston, Protective is the best term life insurance provider, earning a MoneyGeek score of 91 It balances cost and quality coverage with low monthly premiums of $14 for men and $13 for women.
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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 Boston, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong affordability, customer satisfaction, financial stability and product diversity.
Whole life insurance offers a fixed premium and a death benefit, coupled with a savings component that accrues cash value over time. Someone might prefer it for its lifetime coverage and the potential to borrow against the policy's cash value, which isn't typically available with term life insurance.
In Boston, Protective is the leading provider of whole life insurance, earning a MoneyGeek score of 92 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable option for insurance seekers in the city.
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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 BBoston's best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong balance of customer satisfaction and financial stability.
Universal life insurance offers flexible premiums and death benefits, appealing to those seeking long-term coverage with cash value growth. It’s a good option for estate planning, helping ensure beneficiaries are cared for while building tax-deferred cash value.
Protective is Boston's leading universal life insurance provider. Its MoneyGeek score of 91 for men and women reflects a 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 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 offers the best life insurance in Boston without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam allows prospective policyholders to get coverage quickly without needing a health checkup. Someone with a chronic illness might opt for this insurance to avoid being denied coverage or facing higher premiums due to their health status.
In Boston, Protective is the top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects its good balance of 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.
Protective offers the best term life insurance for seniors in Boston, with a MoneyGeek score of 91 for men and 90 for women. The average monthly premiums are $66 for males and $64 for females.
Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Protective stands out with its strong performance in affordability, customer satisfaction and financial stability, making it a reliable option for seniors.
| 1 | Protective | $66 | 91 |
| 2 | Mutual of Omaha | $78 | 90 |
| 3 | Nationwide | $69 | 89 |
| 4 | Allstate | $52 | 89 |
| 5 | Transamerica | $56 | 88 |
| 6 | AAA | $80 | 88 |
| 7 | Prudential | $60 | 87 |
| 8 | Haven | $130 | 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 Boston, with MoneyGeek scores of 90 for men and 89 for women. The average monthly premium is $46 for both genders.
Smoking raises premiums because of the higher health risks linked to tobacco use. Insurers charge smokers more to offset these risks. Mutual of Omaha’s top scores for affordability, customer satisfaction, financial stability and product diversity make it the top choice for smokers.
| 1 | Mutual of Omaha | $46 | 90 |
| 2 | Nationwide | $47 | 89 |
| 3 | Allstate | $34 | 89 |
| 4 | Protective | $61 | 88 |
| 5 | Transamerica | $35 | 88 |
| 6 | AAA | $49 | 88 |
| 7 | Prudential | $40 | 87 |
| 8 | Haven | $78 | 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.
Protective offers the best term life insurance for young adults in Boston, with a MoneyGeek score of 92 and an average monthly premium of $8 for men and women.
Age significantly affects premiums because younger adults typically have lower health risks. Protective's high MoneyGeek score is due to its strong customer satisfaction, affordability and financial stability.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $11 | 91 |
| 3 | Nationwide | $11 | 90 |
| 4 | AAA | $11 | 89 |
| 5 | Allstate | $8 | 89 |
| 6 | Transamerica | $8 | 88 |
| 7 | Prudential | $12 | 86 |
| 8 | Haven | $13 | 86 |
| 9 | Bestow | $31 | 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.
In Boston, Protective offers the best cheap term life insurance, with a MoneyGeek score of 91 and average monthly premiums of $14 for men and $13 for women.
Several factors influence premiums, including age, health status, coverage amount and term length. To secure the lowest rates, maintain good health, choose a shorter term length and opt for a lower coverage amount.
| 1 | Protective | $14 | 91 |
| 2 | Allstate | $13 | 91 |
| 3 | Transamerica | $13 | 90 |
| 4 | Nationwide | $17 | 88 |
| 5 | Mutual of Omaha | $17 | 87 |
| 6 | AAA | $18 | 87 |
| 7 | Prudential | $18 | 85 |
| 8 | Haven | $23 | 81 |
The average monthly premiums for term life insurance in Boston are $26 for men and $24 for women. Premiums depend on age, health, lifestyle and coverage amount. Younger, healthier policyholders typically pay less, and non-smokers or those with a healthy lifestyle often get better rates.
Life insurance costs in Boston may differ from those in the rest of Massachusetts due to regional factors like economic conditions, health statistics and lifestyle trends. For example, higher health care costs or a higher cost of living in Boston could lead to increased premiums, while better health statistics might lower them.
Understanding these factors helps you choose a policy that fits your needs and budget.
Protective offers the best life insurance for men in Boston, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Boston is $33.
Protective provides the best life insurance for women in Boston, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in Boston is $29.
Life insurance in Boston may offer more competitive rates and higher customer satisfaction than in other parts of Massachusetts. For example, Protective's high MoneyGeek scores reflect its strong presence in Boston, which may not be as pronounced in other cities.
If a life insurance company in Boston goes bankrupt, state guaranty associations ensure policyholders receive coverage up to certain limits, providing a safety net for consumers.
Boston residents might need life insurance to provide financial security for their families, cover outstanding debts and ensure their loved ones aren't burdened with expenses. It can also help with estate planning and securing children's education.
To find a lost life insurance policy in Boston, check personal records and contact the deceased’s financial advisors. You can also ask the Massachusetts Division of Insurance for assistance locating unclaimed policies.
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.
