Best Life Insurance in Chattanooga, TN (November 2024)

In Chattanooga, Tennessee, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium cost of $28. For women, the best life insurance company is Protective with a MoneyGeek score of 92 and a monthly premium cost of $20.

Different factors should be considered when deciding on what type of life insurance to buy. These scores and premium costs are based on a 20-year term policy and $500,000 coverage. Your unique needs may mean a different company is best for you.

In Chattanooga, Protective is the best life insurance provider for men and women, with a MoneyGeek score of 92 and a monthly premium of $20.

The top providers for men are:

• Protective: MoneyGeek score of 91 out of 100 at $29 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $28 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $20 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $25 per month for women

Protective is the best choice for the average person looking to purchase life insurance in Chattanooga due to its high MoneyGeek scores and affordable premiums. This combination offers a balanced option for comprehensive coverage and financial stability.

For men seeking the best term life insurance in Chattanooga, Mutual of Omaha stands out with a MoneyGeek score of 92 at $12 per month. Women will find Protective the top choice, also with a MoneyGeek score of 92 but at a slightly lower premium of $10 per month.

These companies offer reliable coverage and competitive rates, making them attractive for the average individual prioritizing financial stability and customer satisfaction in their insurance provider. The MoneyGeek score reflects a comprehensive assessment of affordability, customer service and financial strength.

The top providers for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $12 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $13 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $10 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $11 per month for women

Term life insurance is a policy where a fixed rate of payments is maintained for a limited period, known as the term. After the term expires, coverage is no longer guaranteed, and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

Someone might opt for term life insurance if they seek coverage to protect their family's financial stability during their working years, with the option to reassess their insurance needs later on.

Protective provides the best whole life insurance in Chattanooga for men and women, with a MoneyGeek score of 92. This company stands out for its excellent customer satisfaction and financial stability.

The top providers for men are:

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

The top providers for women are:

• 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 is a type of permanent life insurance that offers a death benefit and a cash value component, which can grow over time. For instance, someone might choose whole life insurance to ensure lifelong coverage and provide an inheritance to their beneficiaries, regardless of when they pass away.

Protective provides the best universal life insurance in Chattanooga, with a MoneyGeek score of 91 for both men and women. This score reflects the company's strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity.

The top providers for men are:

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

The top providers for women are:

• 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 offers flexible premiums and death benefits, making it a versatile option for long-term financial planning. For example, someone who wants the ability to adjust their coverage as their financial situation changes might choose universal life insurance over term life insurance.

In Chattanooga, Protective provides the best life insurance with no mandatory medical exam for men and women, boasting a MoneyGeek score of 91. This top ranking highlights Protective's commitment to offering a balanced mix of affordability, customer satisfaction and financial stability.

The top providers for men are:

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

The top providers for women are:

• 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 quickly and without the need for a medical check-up. For example, someone with a busy lifestyle or a minor pre-existing condition might opt for this insurance over traditional policies to bypass the time-consuming medical underwriting process.

For men seeking the best life insurance for seniors in Chattanooga, Mutual of Omaha leads with a MoneyGeek score of 67 and a monthly premium of $48. Protective is the best for women with the same score of 67 and a slightly lower premium of $42.

Age is a determining factor in life insurance premiums; as risk increases with age, so does the cost. Both Mutual of Omaha and Protective achieve high MoneyGeek scores due to their balance of affordability, customer satisfaction and financial stability.

Mutual of Omaha stands out as the provider of the best term life insurance for smokers in Chattanooga, with a MoneyGeek score of 91 for men and 89 for women, with monthly premiums at $27 and $25, respectively.

Smoking significantly increases the cost of life insurance premiums due to the associated health risks. Insurers like Mutual of Omaha assess these risks when determining premium costs. The high MoneyGeek scores reflect the company's strong performance across various metrics including customer satisfaction, affordability and financial stability.

For the best term life insurance for young adults in Chattanooga, Protective stands out for women with a MoneyGeek score of 92 and a monthly premium of $6. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $8.

Age is a significant factor in the cost of life insurance premiums. Younger adults typically benefit from lower premiums due to their lower risk profiles. Protective and Mutual of Omaha have the highest MoneyGeek scores due to their strong affordability, customer satisfaction and financial stability.

The best cheap term life insurance in Chattanooga for men is provided by Mutual of Omaha with a MoneyGeek score of 92 and a monthly premium of $12. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $10.

Several factors influence life insurance premiums, including age, health, coverage amount and term length. To secure the lowest premiums, individuals should maintain a healthy lifestyle, avoid tobacco and choose a shorter term length or lower coverage amount. Mutual of Omaha and Protective have the highest MoneyGeek scores due to their strong customer satisfaction, financial stability and affordability.

In Chattanooga, the average cost of term life insurance premiums is $20 for women and $26 for men. Several factors affect these premiums, including age, health, occupation, lifestyle and the terms of the policy.

Life insurance costs in Chattanooga might differ from the rest of Tennessee for various reasons. Local health statistics can influence premiums, as areas with higher health risks may see higher costs.

Economic conditions also play a role, as areas with higher living costs might have higher insurance premiums. Additionally, local risk factors, such as crime rates or environmental hazards, can impact costs. The level of competition among insurers in the area can also affect premium prices. Understanding these factors can help consumers make informed decisions when purchasing life insurance in Chattanooga.