Updated: November 22, 2024
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In Cleveland, Ohio, the best life insurance provider for women is Protective with a MoneyGeek score of 92 and a monthly premium of $17. For men, Mutual of Omaha ranks highest with a MoneyGeek score of 91 and a monthly premium of $25.
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.
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 Cleveland, Ohio.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceCleveland, OHBest Life Insurance Companies in Cleveland
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 Cleveland for men with a MoneyGeek score of 91 out of 100 at $25 per month. For women, Protective leads with a MoneyGeek score of 92 out of 100 at $17 per month.
Top providers for men:
Top providers for women:
Choosing Mutual of Omaha for men ensures a high MoneyGeek score at a reasonable cost, providing peace of mind and financial security. For women, Protective stands out with its top score and affordable premium, making it a smart choice for life insurance in Cleveland.
In Cleveland, Protective stands out as the leading life insurance choice for women with a MoneyGeek score of 92, while Mutual of Omaha takes the top spot for men, scoring 91. Women enjoy a monthly premium of $17 with Protective, whereas men have a $25 premium with Mutual of Omaha. Both companies are celebrated for their exceptional customer satisfaction and affordability.
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For men, Mutual of Omaha also offers robust financial stability and customer satisfaction, with a slightly lower product diversity score.
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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.
Mutual of Omaha offers the best life insurance in Cleveland for men with a MoneyGeek score of 91 out of 100 at $25 per month. For women, Protective leads with a MoneyGeek score of 92 out of 100 at $17 per month.
The top two term life insurance companies for men are:
For women, the top two are:
Choosing Mutual of Omaha for men ensures a high MoneyGeek score at a reasonable cost, providing peace of mind and financial security. For women, Protective stands out with its top score and affordable premium, making it a smart choice for life insurance in Cleveland.
For men in Cleveland seeking term life insurance, Mutual of Omaha stands out with a MoneyGeek score of 91. The company offers an average monthly premium at an affordable $25, making it an attractive choice for those looking for value and reliability in their insurance provider. Here are the pros and cons based on MoneyGeek's ratings:
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With these points in mind, Mutual of Omaha provides a balanced option for term life insurance in Cleveland.
Protective stands out as the top choice for women seeking the best term life insurance in Cleveland. With a MoneyGeek score of 92, it offers an average monthly premium of $17, providing a balance of cost and quality for its clients. Here's a quick glance at what makes Protective the best for women in Cleveland.
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By presenting these key points, Protective demonstrates a strong commitment to serving the needs of women in Cleveland with its term life insurance offerings.
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 stands out as the provider of the best whole life insurance in Cleveland, with a MoneyGeek score of 92 for both men and women. This score reflects a combination of affordability, customer satisfaction, and financial stability, making Protective an excellent choice for individuals seeking reliable and comprehensive life insurance coverage. Here are the top performers for each category:
Top whole life companies for men in Cleveland:
Top whole life companies for women in Cleveland:
Whole life insurance provides lifelong coverage and a cash value component, making it an attractive option for those seeking a stable and long-term investment. For example, someone looking to leave a financial legacy for their beneficiaries might choose whole life over term life insurance.
Protective stands out as the premier choice for the best whole life insurance in Cleveland, catering to both men and women with equal excellence. The company boasts a MoneyGeek score of 92 for both genders, reflecting its high standing in customer satisfaction and value. When considering Protective, here are the key points to bear in mind:
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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.
In Cleveland, Protective stands out as the provider with the best universal life insurance for both men and women, boasting a MoneyGeek score of 91. This score reflects a strong balance of affordability, customer satisfaction and financial stability, making Protective an excellent choice for individuals seeking a dependable insurance product. Here are the top-performing companies, according to MoneyGeek scores:
Best universal life insurance for men:
Best universal life insurance for women:
Universal life insurance offers flexibility in premiums and death benefits, which can be appealing for those who desire long-term financial planning and the potential for cash value growth. For instance, a young professional might choose the best universal life insurance to secure a low-cost premium with the option to adjust coverage as their financial situation evolves over time.
In Cleveland, Protective stands out as the top provider of universal life insurance for both men and women, boasting a MoneyGeek score of 91 for each. This score reflects a combination of high customer satisfaction and strong 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 Cleveland, Protective offers the best life insurance without a medical exam, with 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 this 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 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 worrying about a traditional health assessment.
For those seeking no-medical-exam life insurance in Cleveland, Protective emerges as the top contender for both men and women. With MoneyGeek scores of 91 for both genders, Protective demonstrates a strong combination of customer satisfaction, affordability and financial stability.
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Buying process could be better
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 men seeking the best term life insurance for seniors in Cleveland, Mutual of Omaha leads the pack with a MoneyGeek score of 92 and an average monthly premium of $44. Women find their top option with Protective, boasting a MoneyGeek score of 92 and a monthly premium of $38.
Age is a determining factor in life insurance premiums, with costs typically increasing as individuals enter their senior years. The high MoneyGeek scores for Mutual of Omaha and Protective reflect a balance of affordability, customer satisfaction, and financial stability, all critical factors for seniors evaluating life insurance options in Cleveland.
| 1 | Mutual of Omaha | $44 | 92 |
| 2 | Protective | $51 | 91 |
| 3 | Nationwide | $43 | 91 |
| 4 | Transamerica | $51 | 87 |
| 5 | Prudential | $52 | 86 |
| 6 | Allstate | $65 | 85 |
| 7 | AAA | $73 | 85 |
| 8 | State Farm | $77 | 85 |
| 9 | Haven | $81 | 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 those in Cleveland seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 89 for women, and average monthly premiums of $23 and $22, respectively. Smoking significantly affects life insurance premiums due to the higher health risks associated with tobacco use. This often leads to higher costs for smokers compared to non-smokers.
| 1 | Mutual of Omaha | $23 | 91 |
| 2 | Allstate | $21 | 89 |
| 3 | Nationwide | $28 | 89 |
| 4 | Transamerica | $21 | 88 |
| 5 | Protective | $35 | 88 |
| 6 | Prudential | $23 | 87 |
| 7 | State Farm | $33 | 86 |
| 8 | AAA | $43 | 85 |
| 9 | Haven | $41 | 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.
In Cleveland, Protective offers the best term life insurance for young women, with a MoneyGeek score of 92 and an average monthly premium of $5. For young men, Mutual of Omaha is the best option, with a score of 92 and a premium of $7.
Age significantly impacts life insurance premiums, with younger individuals generally benefiting from lower rates. Protective and Mutual of Omaha's high scores in affordability, customer satisfaction and financial stability contribute to their top ranking for those seeking the best term life insurance for young adults.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $7 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | AAA | $11 | 88 |
| 5 | Transamerica | $8 | 88 |
| 6 | Allstate | $12 | 86 |
| 7 | State Farm | $13 | 86 |
| 8 | Haven | $9 | 86 |
| 9 | Prudential | $10 | 86 |
| 10 | Bestow | $21 | 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 men, Mutual of Omaha offers the best cheap term life insurance in Cleveland with a MoneyGeek score of 92 and an average monthly premium of $11. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $9.
Life insurance premiums vary based on age, health, coverage amount, and term length. To get the lowest premiums, maintain a healthy lifestyle, avoid tobacco, and compare quotes from multiple providers.
Mutual of Omaha and Protective have the highest MoneyGeek scores due to their affordability, customer satisfaction, and financial stability. This makes them top choices for anyone seeking the best cheap term life insurance in Cleveland.
| 1 | Mutual of Omaha | $11 | 92 |
| 2 | Nationwide | $12 | 92 |
| 3 | Protective | $12 | 91 |
| 4 | Transamerica | $12 | 89 |
| 5 | Prudential | $16 | 85 |
| 6 | Allstate | $18 | 85 |
| 7 | Haven | $15 | 84 |
| 8 | AAA | $18 | 84 |
| 9 | State Farm | $20 | 82 |
The average monthly cost of term life insurance in Cleveland is $29 for men and $24 for women. Many factors influence life insurance premiums. These include age, health, lifestyle, occupation, the amount of coverage and the length of the term. Insurers assess these factors to determine the risk associated with providing coverage.
Life insurance costs in Cleveland may differ from the rest of Ohio due to various local factors. Health trends, economic conditions and specific risk factors unique to the area can impact premium costs. Additionally, competition among insurers in Cleveland can affect pricing, leading to variations compared to other regions in the state.
Mutual of Omaha has the best life insurance in Cleveland for men, with a MoneyGeek score of 91. This company offers comprehensive coverage and has high customer satisfaction ratings.
The monthly premium cost for the best life insurance for men in Cleveland, offered by Mutual of Omaha, is $25. This cost is based on a 20-year term for a non-smoking male in the 31 to 40 age group.
Protective has the best life insurance in Cleveland for women, with a MoneyGeek score of 92. This company is known for its affordable premiums and excellent customer satisfaction.
The monthly premium cost for the best life insurance for women in Cleveland, offered by Protective, is $17. This cost is based on a 20-year term for a non-smoking female in the 31 to 40 age group.
Life insurance in Cleveland may have different premiums and coverage options compared to the rest of Ohio. Local providers and specific policies can vary, affecting costs and benefits. For example, Cleveland might have more competitive rates due to local market conditions.
If a life insurance company goes bankrupt in Cleveland, state guaranty associations typically step in to protect policyholders. These associations ensure that policies are transferred to another insurer or remain in force, providing continued coverage.
Cleveland residents might need life insurance for financial security, covering debts, and ensuring funds for funeral costs. Life insurance can provide peace of mind and financial stability for families in case of unexpected events.
To find a lost life insurance policy in Cleveland, contact the insurance company directly, check with the Ohio Department of Insurance, or use online tools designed to locate lost policies. These steps can help track down important documents.
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.
