Updated: November 21, 2024
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In Charlotte, North Carolina, Mutual of Omaha is the best life insurance company for men, with a MoneyGeek score of 91 and an average monthly premium of $31. For women, Protective is the top choice, scoring 92 and charging $21 monthly. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider the coverage amount, term length and your health. 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 Charlotte, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceCharlotte, NCBest Life Insurance Companies in Charlotte
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.
Mutual of Omaha offers the best life insurance in Charlotte for men, with a MoneyGeek score of 91 and an average monthly premium of $31. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $21.
Top providers for men:
Top providers for women:
Mutual of Omaha and Protective are strong choices due to their high MoneyGeek scores and competitive premiums, offering a good balance of affordability, customer satisfaction and financial stability.
In Charlotte, men find their best life insurance option in Mutual of Omaha, which scores 91 and charges $31 monthly. It performs well in customer satisfaction and financial stability and provides reliable coverage choices.
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Protective stands out for Charlotte women seeking life insurance. With a MoneyGeek score of 92 and a monthly premium of $21, it offers quality service and 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:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For men seeking the best term life insurance in Charlotte, Mutual of Omaha leads with a MoneyGeek score of 92 and an average monthly premium of $13. Women find their top choice with Protective, scoring 91 at just $10 monthly. These companies offer the highest value in terms of customer satisfaction, financial stability and product diversity.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a set period, paying a benefit if the insured dies during that time. For example, a parent might buy it to cover their child’s education if they pass away unexpectedly.
Mutual of Omaha is the top term life insurance provider for men in Charlotte, with a MoneyGeek score of 92. Offering a monthly premium of just $13, it combines affordability with high customer satisfaction and financial stability.
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Protective is the top choice for women seeking term life insurance in Charlotte. With a MoneyGeek score of 91 and a monthly premium of $10, it offers a balance of quality service and affordability.
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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 Charlotte, with a MoneyGeek score of 92 for men and women. This score reflects excellence in customer satisfaction and financial stability.
Whole life insurance is a permanent policy that provides a death benefit and builds cash value over time. It benefits those who want consistent premiums and a guaranteed asset for their beneficiaries. For example, a parent might choose whole life insurance to fund their child's education no matter what happens.
Protective is Charlotte's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's excellence in customer satisfaction and financial stability.
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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 Charlotte's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score indicates strong performance in affordability, customer satisfaction and financial stability.
Universal life insurance offers flexible premiums and death benefits, which suits those seeking long-term financial planning and cash value growth potential. For example, someone interested in estate planning might opt for it to ensure financial protection for their beneficiaries without the constraints of a term policy.
Protective is the leading universal life insurance provider in Charlotte, with a MoneyGeek score of 91 for men and women. This score reflects a strong combination of customer satisfaction, affordability 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.
In Charlotte, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong combination of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam provides coverage quickly and with less hassle than traditional policies requiring medical screenings. For example, someone with a busy lifestyle or concerns about health assessments might opt for this type of insurance for convenience.
Protective is the top choice for life insurance without the hassle of a medical examination in Charlotte. Its MoneyGeek score of 91 for men and women reflects its good 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 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 older men seeking the best term life insurance for seniors in Charlotte, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $52. Protective is the top choice for women, scoring 91 and charging $44 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, thanks to their strong scores, which indicate customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.
| 1 | Mutual of Omaha | $52 | 92 |
| 2 | Protective | $60 | 91 |
| 3 | Nationwide | $53 | 91 |
| 4 | Allstate | $54 | 88 |
| 5 | Transamerica | $62 | 87 |
| 6 | Prudential | $64 | 86 |
| 7 | State Farm | $92 | 85 |
| 8 | AAA | $91 | 85 |
| 9 | Haven | $101 | 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 Charlotte, with MoneyGeek scores of 91 for men and 89 for women. The average monthly premiums are $29 for males and $26 for females.
Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha provides valuable coverage at competitive prices, making it a top choice for smokers.
| 1 | Mutual of Omaha | $29 | 91 |
| 2 | Nationwide | $35 | 89 |
| 3 | Protective | $42 | 88 |
| 4 | Transamerica | $25 | 88 |
| 5 | Prudential | $26 | 87 |
| 6 | State Farm | $40 | 86 |
| 7 | Allstate | $39 | 86 |
| 8 | AAA | $54 | 85 |
| 9 | Haven | $52 | 83 |
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 men in Charlotte seeking the best term life insurance for young adults, Mutual of Omaha ranks highest with a MoneyGeek score of 92 and an average monthly premium of $8. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $6.
Age significantly affects premiums because younger adults typically have lower health risks. The high scores for these companies reflect a strong balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $8 | 92 |
| 2 | Protective | $9 | 92 |
| 3 | Nationwide | $9 | 90 |
| 4 | Allstate | $9 | 88 |
| 5 | Transamerica | $9 | 88 |
| 6 | AAA | $14 | 87 |
| 7 | Haven | $11 | 86 |
| 8 | State Farm | $16 | 85 |
| 9 | Prudential | $13 | 85 |
| 10 | Bestow | $22 | 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 the best cheap term life insurance in Charlotte, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $13. Protective is the top option for women, with a MoneyGeek score of 91 at $10 monthly.
Several factors influence premiums, including age, health rating, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, avoid tobacco and choose a term length and coverage amount that suits your needs.
| 1 | Mutual of Omaha | $13 | 92 |
| 2 | Nationwide | $14 | 91 |
| 3 | Protective | $14 | 91 |
| 4 | Allstate | $14 | 90 |
| 5 | Transamerica | $15 | 89 |
| 6 | Prudential | $19 | 84 |
| 7 | Haven | $19 | 84 |
| 8 | AAA | $22 | 84 |
| 9 | State Farm | $25 | 82 |
The average monthly term life insurance premiums in Charlotte are $27 for men and $20 for women. Many factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount.
Life insurance costs in Charlotte can vary compared to other parts of North Carolina due to factors like the local economy, health care access and demographics. Higher living costs or limited health care can raise premiums, while areas with better health care and lower costs may have cheaper rates.
Considering personal and local factors helps you find coverage that fits your needs.
Mutual of Omaha has the best life insurance in Charlotte for men, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Charlotte, offered by Mutual of Omaha, is $31.
Protective has the best life insurance in Charlotte for women, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Charlotte, offered by Protective, is $21.
Life insurance providers and premiums in Charlotte may differ from those in the rest of North Carolina. For instance, Mutual of Omaha and Protective offer competitive rates in Charlotte, which might not apply to other cities. Local factors like demographics and competition can also impact available options.
If a life insurance company in Charlotte goes bankrupt, the North Carolina Life and Health Insurance Guaranty Association provides coverage up to certain limits, ensuring protection for policyholders.
Charlotte residents might need life insurance to provide financial security for their families in case the policyholder dies. Life insurance covers outstanding debts like mortgages and helps with final expenses. It can also be a tool for estate planning, ensuring a legacy for loved ones.
To find a lost life insurance policy in Charlotte, check personal records and contact the deceased's financial advisors. The North Carolina Department of Insurance can assist in locating policies. Also, contacting insurers and using online search tools can help track lost 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.
