Updated: November 21, 2024
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Protective is the best life insurance company in Cedar Rapids, Iowa, for women with a high score of 92 and an average monthly premium of $33. For men, Mutual of Omaha is the best with a score of 91 and a monthly premium of $52.
Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. 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 Cedar Rapids, Iowa.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceCedar Rapids, IBest Life Insurance Companies in Cedar Rapids
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.
In Cedar Rapids, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium of $52. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $33.
Top providers for men:
Top providers for women:
Mutual of Omaha and Protective are the best choices due to their high MoneyGeek scores. These companies offer a good balance of affordability, customer satisfaction, and financial stability, making them ideal for individuals looking to purchase life insurance in Cedar Rapids.
For women seeking the best life insurance in Cedar Rapids, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $33. Men find Mutual of Omaha at the forefront with a MoneyGeek score of 91 and a monthly premium of $52. Both companies offer a balance of affordability and quality, making them the top choices for their respective genders. Here are the pros and cons for each provider based on MoneyGeek's ratings:
Protective
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Mutual of Omaha
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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.
For men, Mutual of Omaha offers the best term life insurance in Cedar Rapids, with a MoneyGeek score of 91 and an average monthly premium of $25. Women find their best option with Protective, scoring a 92 and a monthly premium of $18. These companies represent the best choices for individuals seeking reliable coverage at competitive rates. Here are the top MoneyGeek scores for term life insurance in Cedar Rapids:
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy where coverage is provided for a specific term length, paying out a benefit if the insured passes away during that term. It is often chosen for its simplicity and lower premiums compared to whole life insurance. For example, a parent might buy a 20-year term policy to ensure their child's education is funded in the event of their untimely death.
Mutual of Omaha stands out as the premier provider of term life insurance for men in Cedar Rapids, boasting a top MoneyGeek score of 91. With a monthly premium of $25, it offers a balance of cost and quality coverage. Here's a quick glance at what to expect from Mutual of Omaha:
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Protective stands out as the premier choice for term life insurance for women in Cedar Rapids, boasting a MoneyGeek score of 92. Women can secure coverage at a monthly premium of $18, ensuring both value and peace of mind. With a customer-first approach, Protective ensures satisfaction and stability in their insurance offerings. Here are the key advantages and drawbacks to consider:
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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 emerges as the provider with the best whole life insurance in Cedar Rapids, with a MoneyGeek score of 92 for both men and women. This score reflects Protective's robust offerings and reliability, making it a top choice for individuals seeking comprehensive life insurance coverage. The average person can benefit from Protective's competitive rates and customer service excellence, ensuring their long-term financial security is in capable hands. Here are the top performers:
Top whole life companies for men in Cedar Rapids:
Top whole life companies for women in Cedar Rapids
Whole life insurance is a permanent policy that provides a death benefit and accumulates cash value over time. Someone might choose best whole life insurance over term life insurance for its lifelong coverage and potential to grow cash value, which can be a financial asset during their lifetime.
In Cedar Rapids, Protective emerges as the premier choice for whole life insurance, catering to both men and women with a stellar MoneyGeek score of 92. This score reflects a blend of high customer satisfaction and financial stability, ensuring a reliable insurance experience. Here are the key points to consider for Protective:
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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.
The best universal life insurance provider in Cedar Rapids for both men and women is Protective, with a MoneyGeek score of 91. This score indicates that Protective offers a balanced combination of affordability, customer satisfaction and financial stability, making it an optimal choice for the average individual seeking a reliable universal life insurance policy.
Best universal life insurance for men:
Best universal life insurance for women:
Universal life insurance is a flexible policy that combines life coverage with an investment savings element. For example, someone who wants the ability to adjust their premiums and death benefits over time may choose universal life insurance over a term or whole life policy.
Protective stands out as the top choice for universal life insurance in Cedar Rapids, offering robust coverage for both men and women. With MoneyGeek scores of 91 for both demographics, Protective demonstrates a commitment to customer satisfaction and financial strength.
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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 best life insurance without a medical exam provider in Cedar Rapids for both men and women, boasting a MoneyGeek score of 91. This score indicates a robust offering that combines affordability, customer satisfaction and financial stability, making it an excellent choice for the average individual in the market for this type of insurance policy. The top MoneyGeek scores for no medical exam life insurance are:
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
This type of life insurance is a policy that does not require a medical examination for approval, offering a quicker and more convenient option for coverage. For instance, someone with a busy schedule or a dislike of medical appointments might choose this insurance to ensure they are covered without the hassle of a traditional health assessment.
In Cedar Rapids, Protective stands out as the premier provider of no-medical-exam life insurance for both men and women, boasting MoneyGeek scores of 91 for each. This high rating reflects the company's commitment to customer satisfaction and financial stability, ensuring policyholders receive quality service and reliable 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 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.
In Cedar Rapids, Protective stands out as the best term life insurance for seniors for women, with a MoneyGeek score of 91 and a monthly premium of $77, while Mutual of Omaha takes the lead for men, scoring 91 with a premium of $105. Age significantly influences life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs.
| 1 | Mutual of Omaha | $105 | 91 |
| 2 | Protective | $114 | 91 |
| 3 | Nationwide | $91 | 91 |
| 4 | Allstate | $99 | 88 |
| 5 | Prudential | $102 | 87 |
| 6 | Transamerica | $117 | 87 |
| 7 | AAA | $175 | 85 |
| 8 | State Farm | $158 | 85 |
| 9 | Haven | $201 | 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.
For people in Cedar Rapids seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women. Men can expect an average monthly premium of $57, while women are quoted $54.
Smoking significantly influences life insurance premiums due to the associated health risks. Insurers often charge higher rates to smokers to offset the increased likelihood of claims.
| 1 | Mutual of Omaha | $57 | 90 |
| 2 | Nationwide | $57 | 89 |
| 3 | Protective | $82 | 88 |
| 4 | Transamerica | $51 | 88 |
| 5 | Prudential | $46 | 88 |
| 6 | State Farm | $76 | 86 |
| 7 | AAA | $97 | 85 |
| 8 | Allstate | $77 | 85 |
| 9 | Haven | $100 | 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.
In Cedar Rapids, Protective offers the best term life insurance for young adults with a MoneyGeek score of 92. The average monthly premium is $11 for women and $16 for men. Age significantly affects the cost of premiums, with younger individuals typically paying lower rates due to their lower risk profiles.
Protective's high score is due to its affordability, strong customer satisfaction, and financial stability. For young adults seeking the best term life insurance for young adults, Protective provides a balanced mix of cost and reliability.
| 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 | Haven | $21 | 84 |
| 9 | State Farm | $26 | 84 |
| 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.
For those seeking the best cheap term life insurance in Cedar Rapids, Nationwide stands out for men with a MoneyGeek score of 93 and a monthly premium of $24. Meanwhile, Protective is the top choice for women, boasting a MoneyGeek score of 92 and an average monthly premium of $18.
Various factors influence the cost of life insurance premiums, including age, health, coverage amount, and term length. To secure the lowest premiums, individuals should maintain excellent health, choose a shorter term length, and opt for a lower coverage amount.
Nationwide tops the list for men due to its high buying process score and overall affordability. Protective leads for women thanks to its strong customer satisfaction and financial stability scores. These factors make these companies ideal for those seeking the best cheap term life insurance in Cedar Rapids.
| 1 | Nationwide | $24 | 93 |
| 2 | Mutual of Omaha | $25 | 91 |
| 3 | Protective | $26 | 91 |
| 4 | Allstate | $25 | 90 |
| 5 | Transamerica | $28 | 88 |
| 6 | Prudential | $31 | 86 |
| 7 | AAA | $41 | 84 |
| 8 | State Farm | $41 | 82 |
| 9 | Haven | $37 | 81 |
The average monthly premium for term life insurance in Cedar Rapids, Iowa, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.
Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.
The cost of life insurance in Cedar Rapids might be higher or lower compared to other parts of Iowa due to various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Cedar Rapids has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.
Mutual of Omaha offers the best life insurance for men in Cedar Rapids. With a MoneyGeek score of 91, it stands out as the top choice for male residents.
The monthly premium cost for the best life insurance for men in Cedar Rapids, offered by Mutual of Omaha, is $52. This cost ensures comprehensive coverage and financial stability.
Protective offers the best life insurance for women in Cedar Rapids. With a MoneyGeek score of 92, it is the top choice for female residents seeking reliable coverage.
The monthly premium cost for the best life insurance for women in Cedar Rapids, provided by Protective, is $33. This cost provides excellent coverage and peace of mind.
Life insurance in Cedar Rapids is similar to the rest of Iowa. Companies like Protective and Mutual of Omaha offer competitive rates and high MoneyGeek scores. Residents can expect similar coverage options and premium costs as those available statewide.
If a life insurance company goes bankrupt in Cedar Rapids, policies are typically protected by state guaranty associations. These associations provide coverage up to certain limits, ensuring policyholders are not left without protection.
Cedar Rapids residents may need life insurance for several reasons. It provides financial security for dependents, covers funeral expenses, and can pay off debts. Life insurance ensures loved ones are financially protected in the event of an untimely death.
To find a lost life insurance policy in Cedar Rapids, check with the insurer, contact the state insurance department, or use online tools like the National Association of Insurance Commissioners' Life Insurance Policy Locator. These methods can help locate missing 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.
