Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Cape Coral, Florida, for men and women. It has a MoneyGeek score of 92 for both genders and an average monthly premium of $28 for men and $24 for women. The score and premium costs are based on a 20-year term policy and $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 Cape Coral, Florida.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceCape Coral, FLBest Life Insurance Companies in Cape Coral
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 company in Cape Coral, with a MoneyGeek score of 92 for men and women. Its average monthly premium is $28 for men and $24 for women. The company offers a balance of affordability, customer satisfaction and financial stability, making it a reliable option for securing your financial future.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score and affordable premiums make it the best choice for the average individual looking to purchase life insurance in Cape Coral.
In Cape Coral, Protective is the premier choice for life insurance for men and women. With a MoneyGeek score of 92 for both genders, Protective offers comprehensive coverage at an average monthly premium of $24 for women and $28 for men. The company's high scores reflect its commitment to satisfaction and stability.
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.
In Cape Coral, Protective is the best term life insurance provider for men and women, with a MoneyGeek score of 92 and 91, respectively. The average monthly premiums are $13 for men and $12 for women. Protective's high scores indicate a balance of affordability, customer satisfaction and financial stability, which are key factors for the average individual seeking term life insurance.
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 pays out if the insured person dies within a set period. For example, a parent might buy term insurance to ensure their child's education costs are covered in the event of their untimely death. When choosing the best term life insurance, consider factors like the length of coverage and the amount needed to secure your beneficiaries' financial future.
Protective is the best term life insurance option for men and women in Cape Coral, with a MoneyGeek score of 92 and 91, respectively. Men can secure their financial security for an average monthly premium of $13 and $12 for women.
Pros:
Cons:
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 men and women in Cape Coral, with a MoneyGeek score of 92 for both. This score indicates that Protective balances price with quality service, stability and product options. It is a strong choice for the average individual seeking comprehensive life insurance coverage.
Top whole life companies for men in Cape Coral:
Top whole life companies for women in Cape Coral:
Whole life insurance offers a fixed premium and a guaranteed death benefit, making it a predictable choice for long-term financial planning. For instance, someone might choose whole life insurance to ensure their family's financial security or leave a legacy, regardless of market fluctuations or personal health changes.
In Cape Coral, Protective is the premier choice for whole life insurance, earning the top spot for men and women with a MoneyGeek score of 92 for both. This score reflects a balance of cost, customer satisfaction and stability, making Protective a reliable option for those seeking life insurance.
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 is the best universal life insurance provider in Cape Coral, with a MoneyGeek score of 91 for men and women. This score reflects a blend of affordability, customer satisfaction and financial stability, which are key factors for anyone considering a universal life insurance policy. Protective's top ranking indicates it offers a balanced product that could meet the average individual's needs in terms of coverage, cost and service quality.
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. For example, someone might choose universal life insurance over term life insurance for the benefit of lifetime coverage and the ability to adjust premiums and death benefits as their financial situation changes.
Protective is the leading provider of reliable universal life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects a balance of essential factors such as 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 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 provides the best life insurance without a required medical exam in Cape Coral, with a MoneyGeek score of 91 for men and women. This high score indicates that Protective balances affordability, customer satisfaction and financial stability. The company's products cater to diverse needs, making it a solid choice for the average individual seeking life insurance 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 allows individuals to obtain coverage quickly and without needing a medical check-up. It can be particularly beneficial for those needing insurance as soon as possible or with health conditions that could complicate the underwriting process.
Protective is the premier provider of the best life insurance without a required medical exam in Cape Coral, catering to men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong blend of customer satisfaction and financial stability. Consumers can trust in their decision when opting for Protective's life insurance offerings.
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.
Protective provides the best term life insurance for seniors in Cape Coral, with a MoneyGeek score of 91 for men and women. Men can expect a monthly premium of about $55, while women are quoted around $51.
Age is a determining factor in life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs. Protective's high score indicates a strong balance of affordability, customer satisfaction, a straightforward buying process, financial stability and product diversity. These factors are essential for seniors who prioritize reliability and comprehensive coverage in their insurance choices.
| 1 | Protective | $55 | 91 |
| 2 | Mutual of Omaha | $60 | 91 |
| 3 | Nationwide | $56 | 90 |
| 4 | Allstate | $49 | 89 |
| 5 | AAA | $70 | 88 |
| 6 | Transamerica | $56 | 87 |
| 7 | Prudential | $73 | 85 |
| 8 | State Farm | $95 | 84 |
| 9 | Haven | $110 | 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 offers the best term life insurance for smokers in Cape Coral, with a MoneyGeek score of 91 for men and $90 for women. Its average monthly premiums are $36 and $33, respectively.
Smoking affects life insurance premiums significantly due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha's top scores reflect its commitment to providing valuable coverage at competitive prices, making it a strong contender for reliable term life insurance.
| 1 | Mutual of Omaha | $36 | 91 |
| 2 | Nationwide | $42 | 89 |
| 3 | AAA | $39 | 89 |
| 4 | Transamerica | $32 | 88 |
| 5 | Protective | $53 | 88 |
| 6 | Prudential | $34 | 87 |
| 7 | State Farm | $49 | 86 |
| 8 | Allstate | $49 | 85 |
| 9 | Haven | $65 | 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 Cape Coral, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premiums are $8 and $7, respectively.
Age plays a significant role in determining life insurance premiums. Younger adults generally have lower premiums because they are considered lower risk. Protective achieves the highest MoneyGeek score due to its strong affordability, customer satisfaction and financial stability. This makes it a reliable option for young adults looking for the best term life insurance for young adults in Cape Coral.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $9 | 91 |
| 3 | Nationwide | $10 | 90 |
| 4 | AAA | $10 | 89 |
| 5 | Allstate | $8 | 89 |
| 6 | Transamerica | $8 | 88 |
| 7 | State Farm | $16 | 86 |
| 8 | Haven | $12 | 86 |
| 9 | Prudential | $15 | 85 |
| 10 | Bestow | $24 | 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 Cape Coral, Protective offers the best cheap term life insurance for men and women. It has a MoneyGeek score of 92 and an average monthly premium of $13 for men; it has a score of 91 and a premium of around $12 for women. Protective has the highest MoneyGeek scores due to its balance of affordability, customer satisfaction and financial stability. This makes it an excellent choice for those seeking the best cheap term life insurance in Cape Coral.
Factors affecting life insurance premiums include age, health, tobacco use and coverage amount. To get the lowest premiums, maintain good health, avoid smoking and choose an appropriate coverage amount.
| 1 | Protective | $13 | 92 |
| 2 | Allstate | $12 | 91 |
| 3 | Nationwide | $15 | 91 |
| 4 | Mutual of Omaha | $14 | 90 |
| 5 | Transamerica | $13 | 90 |
| 6 | AAA | $16 | 88 |
| 7 | Haven | $20 | 83 |
| 8 | State Farm | $25 | 82 |
| 9 | Prudential | $22 | 82 |
The average monthly premium for term life insurance in Cape Coral is $22 for women and $26 for men.
Several factors influence the cost of life insurance premiums, including age, health, lifestyle, occupation and the amount of coverage. Each of these elements can significantly impact the monthly premium you might pay.
For various reasons, the cost of life insurance in Cape Coral might be higher or lower compared to other parts of Florida. Local health statistics can affect rates, as can regional risk factors such as the prevalence of certain diseases or lifestyle habits. Economic conditions and the level of competition among insurance providers in the area can also play a role in determining premium costs. Understanding these factors can help you make informed decisions about your life insurance needs and budget accordingly.
Protective has the best life insurance in Cape Coral for men. The company scored the highest MoneyGeek score of 92 out of 100, making it the top choice for men seeking life insurance.
The average monthly premium for the best life insurance for men in Cape Coral is $28. Protective offers this rate.
Protective has the best life insurance in Cape Coral for women. The company scored the highest MoneyGeek score of 92 out of 100, making it the top choice for women seeking life insurance.
The average monthly premium for the best life insurance for women in Cape Coral is $23. Protective offers this rate.
Life insurance in Cape Coral is similar to the rest of Florida in terms of coverage options and costs. However, specific companies like Protective may offer better scores and rates in Cape Coral. It is essential to compare local options to find the best fit.
If a life insurance company goes bankrupt in Cape Coral, your policy is typically protected by guaranty associations in Florida. These associations ensure that policyholders receive coverage up to certain limits, providing a safety net in such situations.
Cape Coral residents may need life insurance to provide financial security for their families. In case of the policyholder's death, it can cover expenses like mortgage payments, education costs and daily living expenses.
To find a lost life insurance policy in Cape Coral, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Florida Department of Financial Services for assistance in locating the policy.
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.
