Updated: December 24, 2024
Advertising & Editorial Disclosure
In Columbia, Missouri, the best life insurance company for women is Protective with a MoneyGeek score of 92 and a monthly premium of $21. For men, Mutual of Omaha leads with a MoneyGeek score of 91 and a monthly premium of $31.
These scores and premium costs are based on a 20-year term policy with $500,000 coverage. When deciding on life insurance, consider factors like coverage amount, term length and your health status.
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 Columbia, Missouri.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceColumbia, MOBest Life Insurance Companies in Columbia
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.
In Columbia, Mutual of Omaha offers the best life insurance for men with a MoneyGeek score of 91 out of 100 at $31 per month, while Protective tops the list for women with a MoneyGeek score of 92 out of 100 at $21 per month.
The top providers for women are:
The top providers for women are:
Mutual of Omaha stands out as the best option for men due to its high MoneyGeek score and affordable premium. Protective is the best choice for women, offering a slightly higher score and a lower monthly premium. These companies provide the best balance of affordability, customer satisfaction and financial stability.
In Columbia, the best life insurance for men is from Mutual of Omaha, with a MoneyGeek score of 91 and a monthly premium of $31. It stands out for its high scores, reflecting a strong balance of affordability, customer satisfaction and financial stability.
Mutual of Omaha Pros:
Mutual of Omaha Cons:
In Columbia, women find their top choice in Protective, scoring 92 with a premium of $21. It stands out for its high scores, reflecting a strong balance of affordability, customer satisfaction and financial stability.
Pros:
Cons:
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 is the top provider for men seeking the best term life insurance in Columbia, with a MoneyGeek score of 92 and a monthly premium of $13. For women, Protective takes the lead with the same MoneyGeek score of 92 and a monthly premium of $11. These companies offer policies that combine affordability with high customer satisfaction.
The top providers for men are:
The top providers for women are:
Term life insurance is a policy where coverage is provided for a specific term, offering a death benefit if the insured passes away during this period. For example, a parent might choose term life insurance to ensure their child's education is funded in the event of their untimely death.
Mutual of Omaha stands out as the premier choice for term life insurance for men in Columbia, with a MoneyGeek score of 92 and a monthly premium of $13. This company's high ratings reflect its commitment to meeting the insurance needs of its clients with efficiency and reliability.
Pros:
Cons:
Protective stands out as the premier choice for term life insurance in Columbia for women, with a MoneyGeek score of 92. The company offers a monthly premium of $11, striking a balance between cost and quality coverage.
Pros:
Cons:
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.
In Columbia, Protective provides the best whole life insurance for men and women, boasting a MoneyGeek score of 92. This score indicates that Protective offers a superior combination of affordability, customer satisfaction and financial stability, making it an excellent choice for individuals seeking reliable life insurance coverage.
The top providers for men are:
The top providers for women are:
Whole life insurance provides a fixed premium and a guaranteed death benefit, making it a suitable option for those who prefer a consistent and predictable insurance plan over the long term. For instance, someone looking to secure their family's financial future regardless of market fluctuations might opt for whole life insurance over term life insurance or other variable plans.
The best whole life insurance in Columbia is provided by Protective, for men and women. With a MoneyGeek score of 92 for each, consumers can expect a company that prioritizes customer satisfaction and financial stability.
Pros:
Cons:
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 provides the best universal life insurance in Columbia, with a MoneyGeek score of 91 for men and women. This score reflects Protective's commitment to affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Universal life insurance is a flexible type of permanent life insurance that offers both a death benefit and a cash value component. For example, someone might prefer universal life insurance over term life insurance for its potential to accumulate cash value over time, which can be used as a living benefit.
Protective is as the top choice for the best universal life insurance in Columbia for men and women, with MoneyGeek scores of 91 for each. The company distinguishes itself by delivering high customer satisfaction and providing a solid balance of affordability and financial stability.
Pros:
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.
Protective company stands out as the provider of the best life insurance without a required medical exam in Columbia, with a MoneyGeek score of 91 for men and women. This score indicates that Protective offers a balance of affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance offers a quick and accessible way to secure life insurance coverage without undergoing a medical examination. For example, someone with a busy lifestyle or a fear of medical procedures might opt for this insurance to ensure they can obtain coverage efficiently.
In Columbia, Protective is the premier choice for no-medical-exam life insurance for men and women. With MoneyGeek scores of 91 for both, this company demonstrates a strong commitment to customer satisfaction and financial stability.
Pros:
Cons:
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 Columbia, Mutual of Omaha leads with a MoneyGeek score of 91 and a monthly premium of $54. Women find their top choice in Protective, scoring 92 with a $45 monthly premium.
Age significantly influences life insurance premiums, as insurers assess the increased health risks that come with advancing years. Mutual of Omaha and Protective achieve their high MoneyGeek scores through a blend of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $54 | 91 |
| 2 | Protective | $62 | 91 |
| 3 | Nationwide | $52 | 90 |
| 4 | Allstate | $51 | 89 |
| 5 | Transamerica | $63 | 87 |
| 6 | Prudential | $66 | 86 |
| 7 | AAA | $96 | 85 |
| 8 | State Farm | $94 | 85 |
| 9 | Haven | $99 | 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 offers the best term life insurance for smokers in Columbia, with a MoneyGeek score of 90 for men and 89 for women. The monthly premiums are $29 for men and $26 for women.
Smoking is a key factor in determining life insurance premiums due to the associated health risks, which is why smokers often face higher costs. Mutual of Omaha's high MoneyGeek Scores reflect its strong customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $29 | 90 |
| 2 | Allstate | $23 | 89 |
| 3 | Nationwide | $34 | 88 |
| 4 | Protective | $43 | 88 |
| 5 | Transamerica | $26 | 88 |
| 6 | Prudential | $30 | 86 |
| 7 | State Farm | $41 | 85 |
| 8 | AAA | $52 | 85 |
| 9 | Haven | $51 | 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 the best term life insurance for young adults in Columbia, Mutual of Omaha leads for men with a MoneyGeek score of 92 and a monthly premium of $8. For women, Protective tops the list with a MoneyGeek score of 92 and a monthly premium of $7.
Age significantly affects life insurance premiums, with younger adults typically enjoying lower rates. This is because younger people are generally healthier and pose less risk to insurers. Mutual of Omaha and Protective earned their top spots due to their competitive premiums and robust customer satisfaction scores.
| 1 | Mutual of Omaha | $8 | 92 |
| 2 | Protective | $9 | 92 |
| 3 | Nationwide | $9 | 90 |
| 4 | Allstate | $10 | 88 |
| 5 | Transamerica | $9 | 88 |
| 6 | AAA | $15 | 87 |
| 7 | Haven | $11 | 86 |
| 8 | State Farm | $16 | 86 |
| 9 | Prudential | $13 | 85 |
| 10 | Bestow | $23 | 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 Columbia, Protective stands out with a MoneyGeek score of 92 and monthly premiums of $13 for women and $15 for men.
Factors affecting life insurance premiums include age, health and the amount of coverage. To get the lowest premiums, maintain a healthy lifestyle, choose a suitable coverage amount and compare different providers. Protective's high scores in affordability, customer satisfaction, and financial stability make it the top choice for term life insurance in Columbia.
| 1 | Mutual of Omaha | $13 | 92 |
| 2 | Nationwide | $14 | 92 |
| 3 | Protective | $15 | 91 |
| 4 | Allstate | $15 | 90 |
| 5 | Transamerica | $15 | 89 |
| 6 | AAA | $23 | 85 |
| 7 | Haven | $19 | 84 |
| 8 | Prudential | $20 | 84 |
| 9 | State Farm | $25 | 82 |
In Columbia, the average monthly premium for term life insurance is $21 for women and $27 for men. Several factors influence these premiums, including age, health, lifestyle, coverage amount, policy type and location. Understanding these elements can help you make informed decisions about your life insurance needs.
The cost of life insurance in Columbia might differ from other parts of Missouri due to various local factors. For instance, differences in local health statistics, economic conditions and the level of competition among insurance providers can all impact premium rates.
Mutual of Omaha offers the best life insurance in Columbia for men. The company has a MoneyGeek score of 91.
The monthly premium cost for the best life insurance for men in Columbia, offered by Mutual of Omaha, is $31.
Protective offers the best life insurance in Columbia for women. With a MoneyGeek score of 92, it stands out as the top provider for women looking for reliable life insurance coverage.
The monthly premium cost for the best life insurance for women in Columbia, provided by Protective, is $21.
Life insurance in Columbia may differ from the rest of Missouri in terms of provider options and premium costs. For instance, Protective and Mutual of Omaha are top choices in Columbia, which might not be the case statewide. These differences could be due to regional underwriting practices or demographic factors.
If a life insurance company goes bankrupt in Columbia, policyholders are usually protected by state guaranty associations. These associations step in to cover claims up to certain limits, ensuring that policyholders do not lose their coverage or benefits entirely.
Columbia residents might need life insurance to provide financial security for their families, cover outstanding debts or ensure long-term financial planning. Life insurance can also help with estate planning and provide peace of mind knowing that loved ones are protected.
To find a lost life insurance policy in Columbia, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the state's insurance department or use online databases that track unclaimed life insurance benefits.
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.
