Best Life Insurance in Denver, CO (November 2024)

The best life insurance company in Denver, Colorado for both men and women is Protective. With a MoneyGeek score of 92 and a monthly premium cost of $30, it stands out as the top choice for a 20-year term policy with $500,000 coverage. When deciding on life insurance, consider factors such as affordability, customer satisfaction and financial stability. These scores and premiums are based on specific criteria, and your unique needs may mean a different company is best for you.

In Denver, Protective is the top life insurance company for both men and women, with a MoneyGeek score of 92 and an average monthly premium of $30. This makes it an excellent choice for Denver residents seeking reliable coverage at an affordable rate.

Top providers for men:

• Protective: MoneyGeek score of 92 out of 100 at $30 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $34 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $30 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $34 per month for women

Protective stands out due to its high MoneyGeek score, which reflects a balance of affordability, customer satisfaction and financial stability. This makes it a strong option for the average individual looking to purchase life insurance in Denver.

Protective stands out as the best term life insurance in Denver for both men and women, with a MoneyGeek score of 92 and an average monthly premium of $15 for men and $16 for women. This ranking indicates a balance of affordability and customer satisfaction, making Protective a reliable choice for individuals seeking term life insurance coverage in Denver.

The top two term life insurance companies 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 $17 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $16 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $20 per month for women

Term life insurance provides protection for a set period, which can be essential for those with temporary financial obligations or life stages. For example, parents might choose term life insurance to ensure their children's financial stability until they become self-sufficient.

In Denver, Protective stands out as the provider of the best whole life insurance for both men and women, with a MoneyGeek score of 92. The company's high scores indicate a strong combination of affordability, customer satisfaction and financial stability. These factors are crucial when looking for a policy that provides long-term value and peace of mind.

Top whole life companies for men in Denver:

• 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 Denver:

• 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 cash value accumulation. Unlike term life insurance, which only provides coverage for a set period, whole life insurance remains in effect for the insured's lifetime, as long as premiums are paid. For example, someone might choose whole life insurance to ensure their family's financial stability or to leave a legacy, regardless of when they pass away.

The best universal life insurance provider in Denver for both men and women is Protective, with a MoneyGeek score of 91 out of 100. This score reflects Protective's strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity. For the average customer in Denver, choosing Protective means opting for a provider that excels in key areas of life insurance provision.

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 universal life insurance for women:

• 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 compelling choice for those seeking both life insurance and a savings vehicle. For instance, a parent looking to provide for their child's future while also ensuring life coverage might find universal life insurance to be an ideal solution.

Protective is the best no-medical-exam life insurance provider in Denver, with a MoneyGeek score of 91 for both men and women. This high score indicates that Protective excels in affordability, customer satisfaction, buying process and financial stability, making it a compelling choice for those seeking life insurance without the hassle of a medical exam. The company's comprehensive product offerings further enhance its appeal to the average individual looking for reliable coverage.

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 no-medical-exam life insurance for women:

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

A life insurance with no mandatory medical exam allows individuals to obtain coverage quickly without undergoing a health assessment. Someone with a busy lifestyle or minor health issues might choose this insurance to avoid the delays and potential complications of a medical exam.

For older men in Denver, Mutual of Omaha provides the best term life insurance, with a MoneyGeek score of 91 and an average monthly premium of $73. Older women find Protective at the top, earning a MoneyGeek score of 92 and a $67 average monthly premium.

Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Mutual of Omaha and Protective provide the best term life insurance for seniors due to its strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity.

For Denver residents seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women. The average monthly premium is $72 for men, while it is $83 for women.

Smoking is a factor that insurers consider due to associated health risks, often resulting in higher premiums for smokers compared to non-smokers. Mutual of Omaha's high MoneyGeek score indicates a balance of affordability, customer satisfaction, a straightforward buying process, financial stability and product diversity, making it a compelling choice for smokers in Denver.

For the best term life insurance for young adults in Denver, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $9 for both men and women.

Age plays a critical role in life insurance premiums, with younger adults often benefiting from lower costs. Protective achieves its high MoneyGeek score due to its strong affordability, customer satisfaction and financial stability. For young adults in Denver, choosing a provider with high ratings in these areas is essential for securing the best term life insurance.

For those seeking the best cheap term life insurance in Denver, Protective stands out for both men and women with a MoneyGeek score of 92 and an average monthly premium of $15.

Various factors influence life insurance premiums, including age, health and coverage amount. To get the lowest premiums, maintain a healthy lifestyle, avoid tobacco and choose a term length that meets your needs without overextending. Protective's high score is attributed to its affordability, customer satisfaction and financial stability. These aspects are crucial for anyone looking for the best cheap term life insurance in Denver.

The average monthly premium for term life insurance in Denver, Colorado, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.

Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.

The cost of life insurance in Denver might be higher or lower compared to other parts of Colorado due to various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Denver has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.