Best Life Insurance in Evansville, IN (November 2024)

In Evansville, Indiana, the best life insurance provider differs for men and women based on MoneyGeek scores. For women, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $27. For men, Mutual of Omaha is the top choice with a MoneyGeek score of 91 and a monthly premium of $42. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider various factors such as coverage amount, term length, and your specific needs. Your unique needs may mean a different company is best for you.

The best life insurance provider in Evansville for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium of roughly $42. For women, the top provider is Protective with a MoneyGeek score of 92 and an average monthly premium of $27. Here are the top two providers for each gender:

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $42 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $43 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $27 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $34 per month for women

Mutual of Omaha and Protective provide a balance of affordability and customer satisfaction, making them ideal for the average individual looking to purchase life insurance in Evansville.

Protective offers the best term life insurance in Evansville for both men and women, with a MoneyGeek score of 91 for men and 92 for women. The monthly premiums are approximately $21 and $15, respectively. Protective's high scores suggest it offers a strong combination of affordability, customer service and financial stability.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 91 out of 100 at $21 per month for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $21 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $15 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $20 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.

Protective offers the best whole life insurance in Evansville, with a MoneyGeek score of 91 for both men and women. This score reflects a robust combination of affordability, customer satisfaction and financial stability.

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

Whole life insurance provides lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that can be borrowed against in the future.

Protective is the best universal life insurance provider in Evansville for both men and women, with a MoneyGeek score of 91.

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

Universal life insurance offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.

In Evansville, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.

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

Life insurance without a medical exam allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.

Protective is the best provider for women seeking the best term life insurance for seniors in Evansville, with a MoneyGeek score of 91, and an average monthly premium of $62. Men find their top choice in Mutual of Omaha, scoring 91 with an $84 monthly premium.

Age impacts life insurance premiums, with costs typically increasing as one gets older. Protective and Mutual of Omaha's high MoneyGeek scores reflect their balance of affordability, customer satisfaction, ease of buying and financial stability.

For men in Evansville seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek Score of 90 and an average monthly premium of $46. Women, on the other hand, will find Allstate to be the top choice, scoring 89 with a monthly premium of $26.

Smoking significantly increases life insurance premiums because insurers view smokers as higher risk due to the health issues associated with tobacco use. Mutual of Omaha and Allstate have high MoneyGeek scores, indicating strong customer satisfaction, a seamless buying process, and financial stability. These factors are crucial for individuals who require dependable coverage that meets their specific needs as smokers.

For the best term life insurance for young adults in Evansville, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $9 for women and $13 for men.

Age significantly impacts the cost of life insurance premiums, with younger adults generally enjoying lower rates. Protective's high MoneyGeek score is due to its strong customer satisfaction and financial stability, making it a reliable choice for those seeking the best term life insurance for young adults in Evansville.

For those seeking the best cheap term life insurance in Evansville, the top providers vary by gender. For men, Nationwide stands out with a MoneyGeek Score of 93 and an average monthly premium of $19. Women, on the other hand, will find Protective to be the best option, boasting a MoneyGeek Score of 92 and a monthly premium of $15. Nationwide and Protective excel in their respective categories due to their balance of affordability, customer satisfaction and financial stability.

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 Evansville is $27 for women and $39 for men. These figures are rounded to the nearest whole number.

Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation, and location. Each of these elements can influence how insurers assess risk and determine pricing.

In Evansville, the cost of life insurance might be higher or lower compared to the rest of Indiana due to local health statistics, average income levels, regional risk factors and the level of competition among insurers. For instance, if Evansville has higher average health risks or lower income levels, premiums might be higher. Conversely, strong competition among insurers could drive premiums down.

Understanding these factors can help you make informed decisions when shopping for life insurance in Evansville.