Best Life Insurance in Chesapeake, VA (August 2024)

The best life insurance company in Chesapeake, Virginia for men and women is Protective. For men, the MoneyGeek score is 92, with a monthly premium cost of $31. For women, the score is also 92, with a monthly premium cost of $24.

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.

Protective offers the best life insurance in Chesapeake for both men and women, with a MoneyGeek score of 92 out of 100 and monthly premiums of $31 for men and $24 for women.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $31 per month for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $35 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $24 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $27 per month for women

Protective stands out due to its high MoneyGeek scores and affordable premiums. This makes it an excellent choice for the average person in Chesapeake looking to purchase life insurance.

Protective stands out as the provider of the best term life insurance in Chesapeake for men and women, with a MoneyGeek score of 92 with a monthly premium of $15 for men and $12 for women. This high score reflects the company's strong performance across affordability, customer satisfaction and financial stability.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $15 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $18 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $12 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $16 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. For instance, a parent might choose term life insurance to ensure their child's education costs are covered in the event of their untimely death. It's a straightforward solution for those with specific financial responsibilities or time-bound obligations.

Protective is the best provider of best whole life insurance in Chesapeake, boasting a MoneyGeek score of 92 for men and women. This score indicates that Protective excels in affordability, 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 provides lifelong coverage and includes an investment component known as the policy's cash value. This type of insurance is a good choice for those who want a guaranteed death benefit and a potential cash value that grows over time. For example, an individual might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.

In Chesapeake, Protective provides the best universal life insurance, boasting a MoneyGeek score of 91 for men and women. This score reflects a balance 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

Universal life insurance offers flexible premiums and the potential for cash value growth, making it a versatile option for long-term financial planning. For example, someone might choose universal life insurance to have the ability to adjust their coverage as their financial situation changes over time.

For those seeking the life insurance without a required medical exam in Chesapeake, Protective stands out for men and women, with a MoneyGeek score of 91. Protective's top rating is a testament to its customer satisfaction, affordability 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 swiftly, bypassing the traditional medical underwriting process. This can be particularly beneficial for those who need immediate insurance or have pre-existing conditions that might make it challenging to secure a policy otherwise.

In Chesapeake, Protective stands out with the best term life insurance for seniors, scoring 92 for men and 91 for women. The monthly premiums are $67 for men and $56 for women.

Age is a pivotal factor in life insurance premiums, as risk increases with age, leading to higher costs for older policyholders. Protective's top MoneyGeek scores reflect its commitment to customer satisfaction, affordability and financial stability.

In Chesapeake, the best term life insurance for smokers is provided by Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women. Men have a monthly premium of $74, while women are quoted at $66.

Smoking is a significant factor in determining life insurance premiums due to the health risks it poses, often leading to higher costs for smokers. Mutual of Omaha's high MoneyGeek score reflects its strong customer satisfaction, financial stability, and product diversity, making it an optimal choice.

For the best term life insurance for young adults in Chesapeake, Protective stands out with a MoneyGeek score of 92 and monthly premiums of $9 for men and $8 for women.

Age plays a significant role in determining life insurance premiums, with younger adults generally paying lower rates due to their lower risk of health issues. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability.

For those seeking the best cheap term life insurance in Chesapeake, look no further than Protective. With a MoneyGeek score of 92 and monthly premiums of $12 for women and $15 for men, Protective stands out as the top provider for both. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability.

Various factors influence the cost of life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term length and select a lower coverage amount.

The average cost of term life insurance in Chesapeake is $22 per month for women and $30 per month for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage chosen. Insurers assess these factors to determine the risk of insuring an individual.

In Chesapeake, the cost of life insurance might be different from the rest of Virginia due to various local factors. Local health statistics, economic conditions and risk assessments by insurers can all influence premium costs.