Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance provider in Downey, California, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $28 for males and $25 for females. These scores and premiums are based on a 20-year term policy with $500,000 coverage.
When choosing life insurance, consider various factors such as policy terms, coverage amount and your unique needs.
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 Downey, California.
Coverage costs and company information for life insurance providers were updated in September 2024.
BestLife InsuranceDowney, CABest Life Insurance Companies in Downey
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 Downey, Protective offers the best life insurance, with MoneyGeek scores of 92 for men and 91 for women and average monthly premiums of $28 and $25, respectively.
Top companies for men:
Top companies for women:
Protective's high MoneyGeek scores and lower monthly premiums make it the best choice for life insurance.
Protective is the top choice for life insurance in Downey, with MoneyGeek scores of 92 for men and 91 for women. It provides affordable coverage at average monthly premiums of $28 for men and $25 for women.
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Cons: None
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.
Protective has the best term life insurance in Downey, with a MoneyGeek score of 92 for men and women. The average monthly premiums are $14 for males and $13 for females. Its high affordability, customer satisfaction and financial stability scores make it a top choice for reliable coverage.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides a death benefit for a specific period. For example, a parent might choose term insurance to ensure their child's education is funded if they pass away before the child finishes school.
In Downey, Protective is the best term life insurance provider, earning a MoneyGeek score of 92 for men and women. It balances cost and quality with low monthly premiums of $14 for males and $13 for females.
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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 offers the best whole life insurance in Downey, achieving a MoneyGeek score of 92 for men and women. The company performs strongly in affordability, customer satisfaction and financial stability.
Whole life insurance is permanent insurance that covers the insured's entire lifetime. Someone may choose it for its cash value, which grows over time and can be used as a financial resource while alive.
Protective is the leading provider of whole life insurance in Downey, earning a MoneyGeek score of 92 for men and women. This reflects a good balance of customer satisfaction, affordability and financial stability.
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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 Downey, Protective has the best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong combination of affordability, customer satisfaction and financial stability.
Universal life insurance offers flexible, permanent coverage with a death benefit and a savings component. Someone might prefer it over term life insurance for its lifelong protection and the potential to build cash value that can grow over time.
Protective is Downey's leading universal life insurance provider. With a MoneyGeek score of 91 for men and women, Protective stands out for its quality service, affordability and 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.
Protective offers the best life insurance without a medical exam requirement in Downey. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance without a medical exam provides coverage without requiring a health check. It suits those needing quick insurance or facing challenges with traditional policies due to health issues. For instance, someone with a chronic illness might choose this option to avoid the stress of medical underwriting and still secure coverage.
In Downey, Protective is the top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects a balance of customer satisfaction, financial stability and affordability.
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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 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.
Protective offers the best term life insurance for seniors in Downey, with MoneyGeek scores of 91 for men and 90 for women. The average monthly premiums are $67 for males and $64 for females.
Age affects insurance premiums, with higher rates for seniors due to increased health risk. Protective's top MoneyGeek score highlights its strong performance in affordability, customer satisfaction and financial stability, making it great for seniors seeking a balance of cost and quality.
| 1 | Protective | $67 | 91 |
| 2 | Mutual of Omaha | $75 | 91 |
| 3 | Nationwide | $63 | 90 |
| 4 | Allstate | $61 | 89 |
| 5 | Transamerica | $61 | 88 |
| 6 | AAA | $84 | 88 |
| 7 | Prudential | $65 | 87 |
| 8 | State Farm | $98 | 86 |
| 9 | Haven | $132 | 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 provides the best term life insurance for smokers in Downey, with MoneyGeek scores of 90 for men and 89 for women. Monthly premiums average $72 for males and $76 for females.
Smoking significantly impacts life insurance premiums, often resulting in higher rates for smokers due to the associated health risks. Mutual of Omaha's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — critical factors for smokers seeking coverage that fits their needs.
| 1 | Mutual of Omaha | $72 | 90 |
| 2 | Nationwide | $69 | 89 |
| 3 | AAA | $75 | 88 |
| 4 | Prudential | $57 | 88 |
| 5 | Transamerica | $67 | 87 |
| 6 | Protective | $117 | 87 |
| 7 | Haven | $72 | 86 |
| 8 | State Farm | $102 | 84 |
| 9 | Allstate | $100 | 84 |
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.
Protective offers the best term life insurance for young adults in Downey, with a MoneyGeek score of 92 and average monthly premiums of $9 for men and $8 for women.
Younger policyholders typically enjoy cheaper premiums due to lower health risks. Protective's high MoneyGeek score reflects its strong customer satisfaction, affordability and financial stability.
| 1 | Protective | $9 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $10 | 90 |
| 4 | Allstate | $9 | 89 |
| 5 | Transamerica | $9 | 88 |
| 6 | AAA | $12 | 88 |
| 7 | Prudential | $13 | 85 |
| 8 | State Farm | $15 | 85 |
| 9 | Haven | $14 | 84 |
| 10 | Bestow | $19 | 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.
In Downey, Protective offers the best cheap term life insurance, with a MoneyGeek score of 92 and an average monthly premium of $14 for men and women.
Age, health and coverage influence rates. To get the lowest premiums, maintain good health, quit smoking and compare quotes from different insurers.
| 1 | Protective | $14 | 92 |
| 2 | Allstate | $14 | 91 |
| 3 | Nationwide | $16 | 91 |
| 4 | Transamerica | $14 | 91 |
| 5 | Mutual of Omaha | $17 | 89 |
| 6 | AAA | $19 | 87 |
| 7 | Prudential | $19 | 85 |
| 8 | State Farm | $24 | 82 |
| 9 | Haven | $24 | 82 |
In Downey, the average monthly premiums for term life insurance are $27 for men and $23 for women.
Several factors affect life insurance costs, including age, health, lifestyle, coverage amount and policy type. Local conditions also influence rates. In Downey, factors like health statistics, crime rates, cost of living and competition among insurers may cause premiums to differ from other parts of California.
Understanding these factors can help you make informed decisions when purchasing life insurance.
Protective has the best life insurance in Downey for men, with the highest MoneyGeek score of 92 out of 100.
The best life insurance for men in Downey costs $28 per month on average. This is based on Protective's pricing for men aged 31–40 with excellent health and no tobacco use.
Protective has the best life insurance in Downey for women, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in Downey is $25. This is based on Protective's pricing for a 31–40 age group with excellent health and no tobacco use.
Life insurance in Downey is generally similar to that of the rest of California. However, local factors such as the cost of living and regional health statistics may influence rates and options. For instance, affordability and customer satisfaction scores can vary based on local economic conditions.
If a life insurance company in Downey goes bankrupt, the California Life and Health Insurance Guaranty Association protects policyholders by ensuring that claims are paid up to certain limits.
Downey residents might need life insurance to provide financial security for their dependents, cover outstanding debts or ensure that final expenses are paid. It can also be used to leave a legacy or charitable donation.
Check with the California Department of Insurance to find a lost life insurance policy in Downey. Use online search tools like the National Association of Insurance Commissioners' Life Insurance Policy Locator Service. Also, contacting former employers or financial advisors may help locate the policy.
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.
