Best Life Insurance in Charleston, SC (August 2024)

For men, the best life insurance company in Charleston, South Carolina is Mutual of Omaha with a MoneyGeek score of 90. The monthly premium cost is $34. For women, the best life insurance company in Charleston, South Carolina is Protective with a MoneyGeek score of 92. The monthly premium cost is $23.

When deciding on life insurance, consider different factors such as your health, age, and coverage needs. 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.

Mutual of Omaha offers the best life insurance in San Antonio for men with a MoneyGeek score of 90 for men. ** Protective** offers the best overall insurance for women with a score of 92.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $34 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $36 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $23 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $29 per month for women

For those seeking the best term life insurance. in Charleston, Mutual of Omaha stands out for men with a MoneyGeek score of 90 at $15 per month, while Protective leads for women with a score of 90 at $13 per month. These companies provide reliable coverage options at competitive prices, making them a smart choice for individuals prioritizing financial stability and customer satisfaction.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $15 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $12 per month for women

For women, the top two are:

• Protective: MoneyGeek score of 90 out of 100 at $16 per month for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $13 per month for women

Term life insurance is a policy that provides coverage for a specific period, offering a death benefit if the insured passes away during the term. For example, a parent might purchase a 20-year term policy to ensure financial support for their children until they reach adulthood.

Protective stands out as the provider of the best whole life insurance in Charleston for both men and women, boasting a MoneyGeek score of 92. The average individual seeking whole life insurance would benefit from Protective's high scores across affordability, customer satisfaction, financial stability and product diversity.

Top whole life companies for men in Charleston:

• Protective: MoneyGeek score of 92 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Charleston:

• Protective: MoneyGeek score of 92 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance provides a permanent safety net with a fixed premium and a cash value component that grows over time. For example, someone might choose whole life insurance to ensure their family's financial stability regardless of when they pass away, while also accumulating a cash value that can be borrowed against if needed.

The Protective offers the best universal life insurance in Charleston, with a MoneyGeek score of 91 out of 100 for both men and women. This score indicates that Protective stands out in terms of affordability, customer satisfaction, and financial stability, making it a solid choice for the average individual seeking reliable life insurance coverage.

Best universal life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best for women's universal life insurance:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance is a flexible policy that combines life insurance with a savings element. For example, someone might choose universal life insurance over term life insurance for the potential to accumulate cash value that can be used during their lifetime.

In Charleston, Protective offers the best-no-medical- exam life insurance for both men and women.

Best no-medical-exam life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

No medical exam life insurance allows individuals to obtain coverage without undergoing a health examination, which can be beneficial for those with pre-existing conditions or who require quick coverage.

For seniors in Charleston, Mutual of Omaha offers the best term life insurance, with a MoneyGeek score of 92 for men at an average monthly premium of 55 dollars and a score of 91 for women at a monthly premium of 50 dollars.

Age significantly impacts life insurance premiums as the risk of health issues increases, leading to higher costs. Mutual of Omaha's high MoneyGeek score reflects its strong financial stability, customer satisfaction and product diversity, making it a top choice for those seeking reliable coverage.

For men seeking the best term life insurance for smokers in Charleston, Mutual of Omaha stands out with a MoneyGeek score of 90 and a monthly premium of $33. Women find Allstate leading with an 89 MoneyGeek score and a monthly premium of $18. Smoking significantly affects life insurance premiums due to the associated health risks, resulting in higher costs for smokers.

For the best term life insurance for young adults in Charleston, Protective stands out with a MoneyGeek score of 91 and a monthly premium of $7 for women and $10 for men. Age plays a crucial role in determining life insurance premiums. Younger adults typically benefit from lower premiums due to their lower risk profiles.

For men seeking the best cheap term life insurance in Charleston, Nationwide stands out with a MoneyGeek score of 90 and a monthly premium of $16. For women, Protective is the top choice, boasting a MoneyGeek score of 90 and a monthly premium of $12.

Several factors affect life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain good health, avoid tobacco, and choose a shorter term length with adequate coverage.

In Charleston, the average monthly premium for term life insurance is $22 for women and $30 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation, and the amount of coverage. Younger and healthier individuals typically pay lower premiums. Risky occupations or hobbies can increase costs.

The cost of life insurance in Charleston might differ from other parts of South Carolina due to regional health statistics, local economic conditions, and specific risk factors. For example, areas with higher average health risks or economic instability may see higher premiums. Understanding these factors can help you make informed decisions about your life insurance needs.