Updated: November 21, 2024
Advertising & Editorial Disclosure
In Broken Arrow, Oklahoma, Protective is the best life insurance provider, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premium is $52 for men and $33 for women. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when deciding what type of life insurance to buy. 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 Broken Arrow, Oklahoma.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceBroken ArrowBest Life Insurance Companies in Broken Arrow
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 offers the best life insurance in Broken Arrow, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premiums are $52 and $33, respectively.
Top providers for men:
Top providers for women:
Choosing the right life insurance provider is crucial for financial security. Protective's high score and affordable premium make it an excellent choice for individuals seeking comprehensive coverage in Broken Arrow.
In Broken Arrow, Oklahoma, Protective is the best life insurance choice for men and women, with a MoneyGeek score of 91 and 92, respectively. The average monthly premium for women is $33, while men pay around $52. Protective excels in customer satisfaction and financial stability, ensuring reliable and commendable service.
Pros:
Cons:
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 Broken Arrow, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $25. Women find their best option with Protective, with a MoneyGeek score of 92 at around $18 per month. These providers offer competitive premiums, high customer satisfaction and financial stability.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a straightforward protection plan that covers individuals for a specific period, offering a death benefit to beneficiaries if the policyholder passes away during the term. For example, a parent might choose term life insurance to ensure their child's education expenses are covered until graduation.
Mutual of Omaha is the best term life insurance provider for men in Broken Arrow, with a MoneyGeek score of 91. Men seeking a reliable policy can expect a monthly premium of about $25. This company offers a balance of cost and quality service.
Pros:
Cons:
Protective is the premier choice for women seeking the best term life insurance in Broken Arrow, with a MoneyGeek score of 92. The company's average monthly premium is $18 for women, reflecting its commitment to value without compromising on quality or service.
Pros:
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.
For those seeking the best whole life insurance in Broken Arrow, Protective is the top provider for men and women, with a MoneyGeek score of 92 for both. This score reflects Protective's strong performance across various metrics, including customer satisfaction and financial stability.
Top whole life companies for men in Broken Arrow:
Top whole life companies for women in Broken Arrow:
Whole life insurance is a permanent policy that provides a death benefit and accumulates cash value over time. It can be an attractive option for those who want a guaranteed payout and the potential to borrow against the policy during their lifetime. For example, someone might choose whole life insurance to ensure their family's financial stability while investing in a cash-value component that grows tax-deferred.
In Broken Arrow, Protective is the top choice for whole life insurance, with a MoneyGeek score of 92 for men and women. This score reflects a strong balance of affordability, customer satisfaction and financial stability, making Protective a reliable option for insurance seekers.
Pros:
Cons:
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 provides the best universal life insurance in Broken Arrow, with a MoneyGeek score of 91 for men and women. This score indicates that Protective excels in affordability, customer satisfaction, financial stability and product diversity, which are critical factors for anyone seeking reliable life insurance coverage.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance is a type of permanent life insurance that offers flexible premiums and the potential to accumulate cash value over time. For example, someone who wants the ability to adjust their premium payments and the potential for investment growth might choose universal life insurance over term life insurance.
For residents of Broken Arrow seeking universal life insurance, Protective is the top provider for men and women, with a MoneyGeek score of 91 for each. This high score reflects Protective's commitment to customer satisfaction and affordability.
Pros:
Cons:
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 Broken Arrow, Protective offers the best no-medical-exam life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects Protective's strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity. Choosing Protective means opting for a well-rounded policy that meets various needs without the hassle of a medical exam.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance without a required medical exam grants coverage without the need for a medical check-up. It is ideal for those who need quick coverage or have health concerns that could complicate the application process. For example, someone with a chronic illness might choose life insurance with no mandatory medical exam to avoid potential denial or higher rates associated with traditional policies.
For those in Broken Arrow seeking life insurance without the hassle of a medical exam, Protective is the top choice for men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong combination of customer satisfaction, affordability and financial stability.
Pros:
Cons:
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 men in Broken Arrow seeking the best term life insurance for seniors, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $101. For women, Protective leads with a MoneyGeek score of 91 and a monthly premium of about $74.
Age is a pivotal factor in life insurance premiums; as individuals enter their 60s, insurers view the increased health risks as a reason for higher rates. Mutual of Omaha's and Protective's top MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability, which are key for seniors prioritizing security and value.
| 1 | Mutual of Omaha | $101 | 91 |
| 2 | Protective | $109 | 91 |
| 3 | Nationwide | $86 | 91 |
| 4 | Allstate | $97 | 88 |
| 5 | Prudential | $100 | 87 |
| 6 | Transamerica | $113 | 87 |
| 7 | AAA | $164 | 85 |
| 8 | State Farm | $152 | 85 |
| 9 | Haven | $190 | 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.
In Broken Arrow, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 90 for men and 88 for women. Its average monthly premiums are $56 and $53, respectively.
Smoking influences life insurance premiums significantly because smokers pose a higher risk to insurers, often leading to higher costs. Mutual of Omaha offers a strong balance of affordability, customer satisfaction and financial stability. These factors are crucial for individuals seeking dependable life insurance coverage that accommodates the risk profile of smokers.
| 1 | Mutual of Omaha | $56 | 90 |
| 2 | Nationwide | $56 | 89 |
| 3 | Protective | $80 | 88 |
| 4 | Transamerica | $50 | 88 |
| 5 | Prudential | $45 | 88 |
| 6 | AAA | $93 | 85 |
| 7 | State Farm | $75 | 85 |
| 8 | Allstate | $75 | 85 |
| 9 | Haven | $97 | 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 those seeking the best term life insurance for young adults in Broken Arrow, Protective stands out with a MoneyGeek score of 92 for men and women. The average monthly premium is $16 for men and $11 for women. Protective's high MoneyGeek score is attributed to its strong customer satisfaction, affordability and financial stability.
Age plays a significant role in determining life insurance premiums. Younger adults typically pay lower premiums due to the lower risk of health issues.
| 1 | Protective | $16 | 92 |
| 2 | Mutual of Omaha | $16 | 91 |
| 3 | Nationwide | $15 | 91 |
| 4 | Allstate | $16 | 88 |
| 5 | Transamerica | $17 | 87 |
| 6 | AAA | $25 | 86 |
| 7 | Prudential | $20 | 85 |
| 8 | State Farm | $26 | 85 |
| 9 | Haven | $21 | 85 |
| 10 | Bestow | $29 | 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.
Nationwide offers the best cheap term life insurance for men in Broken Arrow, with a MoneyGeek score of 93 and an average monthly premium of $24. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of about $18. Nationwide and Protective have high MoneyGeek scores due to their affordability, customer satisfaction and financial stability.
Factors influencing life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term length and opt for a lower coverage amount.
| 1 | Nationwide | $24 | 93 |
| 2 | Mutual of Omaha | $25 | 91 |
| 3 | Protective | $26 | 91 |
| 4 | Allstate | $25 | 90 |
| 5 | Transamerica | $27 | 88 |
| 6 | Prudential | $30 | 86 |
| 7 | AAA | $40 | 84 |
| 8 | State Farm | $41 | 82 |
| 9 | Haven | $36 | 82 |
The average cost of term life insurance premiums in Broken Arrow is $32 per month for women and $44 per month for men. Several factors influence the cost of life insurance premiums, including age, health, lifestyle, occupation and the amount of coverage needed.
In Broken Arrow, the cost of life insurance might be higher or lower than in the rest of Oklahoma due to various local factors. These could include local health statistics, economic conditions and risk assessments by insurance companies. Understanding these factors can help you make informed decisions when purchasing life insurance.
Protective has the best life insurance for men in Broken Arrow. The company's MoneyGeek score is 91 out of 100, making it the top choice based on affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for men in Broken Arrow is $52. This is based on the highest MoneyGeek score for Protective, which offers a comprehensive plan with excellent customer satisfaction.
Protective has the best life insurance for women in Broken Arrow. The company's MoneyGeek score is 92 out of 100, making it the top choice based on affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for women in Broken Arrow is $33. This is based on the highest MoneyGeek score for Protective, which offers a comprehensive plan with excellent customer satisfaction.
Life insurance in Broken Arrow may have different premium costs and company ratings than the rest of Oklahoma. For example, Protective is top-rated in Broken Arrow, but other cities might have different top companies. Local economic factors and health demographics can also influence premium costs and coverage options.
If a life insurance company goes bankrupt in Broken Arrow, your policy is typically protected by state guaranty associations. These associations cover claims up to a certain limit, ensuring policyholders are not left without coverage. It's important to check the specific limits and protections offered by Oklahoma's guaranty association.
Broken Arrow residents might need life insurance to provide financial security for their families. Life insurance can cover funeral expenses, pay off debts and replace lost income. It can also ensure that dependents have funds for education and living expenses in the event of the policyholder's death.
To find a lost life insurance policy in Broken Arrow, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Oklahoma Insurance Department, which may have resources to help locate lost policies. Additionally, national databases like the National Association of Insurance Commissioners' Life Insurance Policy Locator 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.
