Best Life Insurance in Columbia, SC (August 2024)

In Columbia, South Carolina, the best life insurance company varies for men and women based on MoneyGeek scores. For men, Mutual of Omaha leads with a MoneyGeek score of 90 and a monthly premium of $27. For women, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $19.

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

In Columbia, South Carolina, the company with the best life insurance for women is Protective with a MoneyGeek score of 92 out of 100 at $19 per month. For men, Mutual of Omaha has the best insurance with a high score of 90 out of 100 and an average monthly premium of $27.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $27 per month for men
• Protective: MoneyGeek score of 90 out of 100 at $28 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $19 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for women

Protective's high score and lower monthly premium make it a strong choice for women seeking life insurance in Columbia. The company's balance of affordability and high ratings across different criteria makes it a reliable option for the average individual.

In Columbia, Mutual of Omaha offers the best term life insurance for men, with a MoneyGeek score of 90 at $11 per month. Women find their top provider in Protective, scoring 91 with a monthly premium of $10. These companies stand out for their combination of affordability, customer satisfaction, financial stability and product diversity.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $11 per month for men
• Protective: MoneyGeek score of 90 out of 100 at $13 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 91 out of 100 at $10 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $11 per month for women

Term life insurance is a policy where coverage is provided for a specific term, such as 10, 20, or 30 years. It is often chosen for its affordability and the fact that it can be tailored to match the period of financial risk, such as the years of a mortgage or the time until children are financially independent.

The Protective Life Insurance Company stands out as the best whole life insurance provider in Columbia, boasting a MoneyGeek score of 92 for both men and women. This score reflects a company that offers exceptional service and financial stability, making it an ideal choice for individuals seeking a reliable life insurance policy.

Top whole life companies for men in Columbia:

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

Top whole life companies for women in Columbia:

• 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 a fixed premium and a death benefit guaranteed for the policyholder's lifetime. For instance, someone might choose the best whole life insurance to ensure their family's financial security regardless of how long they live.

In Columbia, 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 indicates a strong performance, making Protective an optimal choice for individuals seeking reliable life insurance coverage.

Best universal life insurance for men:

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

Best for women's universal life insurance:

• 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 provides a flexible premium and death benefit, with the added benefit of accumulating cash value over time. For example, someone seeking long-term financial planning might choose the best universal life insurance to secure a stable premium while also investing in their policy's cash value component.

The Protective company stands out as the best no-medical-exam life insurance provider in Columbia for both men and women, with a MoneyGeek score of 91. This high score makes it a top choice for individuals seeking reliable coverage without the hassle of a medical exam.

Best no-medical-exam life insurance for men:

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

Best life insurance for women that does not require a medical exam:

• 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 life insurance quickly and without the need for a medical assessment. This can be particularly beneficial for those who prefer a more streamlined insurance process. For example, a busy professional in Columbia might choose the best no-medical-exam life insurance to secure coverage promptly without fitting a medical appointment into their schedule.

For individuals in Columbia seeking the best term life insurance for seniors, Mutual of Omaha stands out for both men and women, with MoneyGeek scores of 92 and 91 respectively. Men can expect a monthly premium of $43, while women are quoted at $41.

Age is a determining factor in life insurance premiums, with costs generally rising as one gets older. Mutual of Omaha's top scores reflect its commitment to affordability and customer satisfaction, making it a leading choice for seniors who value a balance between cost and quality service.

For men seeking the best term life insurance for smokers in Columbia, Mutual of Omaha leads with a MoneyGeek Score of 90 and a monthly premium of $26. Women find their top choice in Allstate, scoring 89 with a $15 monthly premium.

Smoking impacts life insurance costs due to the increased health risks it poses, often leading to higher premiums. The superior scores of Mutual of Omaha and Allstate reflect their competitive pricing, customer satisfaction, and financial reliability.

For the best term life insurance for young adults Columbia, Protective stands out with a MoneyGeek Score of 91 and a monthly premium of $6 for women and $8 for men.

Age significantly affects life insurance premiums, with younger adults benefiting from lower costs. Protective's high MoneyGeek scores are due to its competitive affordability, strong customer satisfaction, and solid financial stability. Choosing Protective ensures you get the best value and coverage for your needs.

For the best cheap term life insurance in Columbia, Protective tops the list for men with a MoneyGeek score of 90 and an average monthly premium of $12 for men and $10 for women.

Age, health and coverage all influence the cost of life insurance. To get the lowest premiums, you should strive to maintain good health, avoid tobacco use and compare quotes from different insurers.

The average monthly premium for term life insurance in Columbia is $18 for women and $23 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation, and the amount of coverage. Each of these factors can increase or decrease the cost, depending on individual circumstances.

The cost of life insurance in Columbia might differ from the rest of South Carolina due to various reasons. Local health statistics can play a role, as regions with higher health risks may have higher premiums.

Economic conditions also impact costs, as areas with higher living expenses may see increased insurance rates. Understanding these factors can help consumers make informed decisions when purchasing life insurance.