Best Life Insurance in Fargo, ND (October 2024)

Protective is the best life insurance provider in Fargo, North Dakota, for men and women. It has the highest MoneyGeek score of 92 for women with a monthly premium cost of $34 and a score of 91 for men with a monthly premium cost of $53.

When deciding on life insurance, consider various factors such as your unique needs and preferences. These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your specific circumstances may mean a different company is best for you.

Protective offers the best life insurance in Fargo for men and women, with a MoneyGeek score of 91 for men and 92 for women, and monthly premiums of $53 and $34, respectively.

The top providers for men are:

• Protective: MoneyGeek score of 91 out of 100 at $53 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $52 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $34 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $44 per month for women

Protective stands out due to its high MoneyGeek scores and competitive monthly premiums. This combination makes it a reliable choice for the average individual looking to purchase life insurance in Fargo.

In Fargo, Protective provides the best term life insurance for men and women, with a MoneyGeek score of 90 and a monthly premium of $22 for men and a score of 91 with a monthly premium of $18 for women. This indicates that Protective offers a balance of affordability, customer satisfaction and financial stability, making it a top choice for individuals seeking reliable term life insurance coverage.

The top providers for men are:

• Protective: MoneyGeek score of 90 out of 100 at $22 per month for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $25 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 91 out of 100 at $18 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $25 per month for women

Term life insurance provides a death benefit if the insured passes away during the term of the policy. For example, a parent might choose term life insurance to ensure their child's education is funded in the event of their untimely death.

Protective stands out as the provider of the best whole life insurance in Fargo, boasting a MoneyGeek score of 92 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:

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

The top providers for women are:

• 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 lifelong coverage and includes an investment component known as the policy's cash value. This can be beneficial for those who want a guaranteed death benefit and a potential cash resource for future needs. For example, someone might choose whole life insurance to ensure their family's financial security while also building cash value that could be borrowed against in the future.

In Fargo, Protective provides the best universal life insurance for men and women, with a MoneyGeek score of 91. This score reflects a combination of affordability, customer satisfaction, and financial stability.

The top providers for men are:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men   The top providers for women are:
• 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 flexibility in premiums and death benefits, which can be appealing for those looking for a customizable insurance plan. For example, someone who anticipates changes in their financial situation might choose this insurance over term life insurance for its potential to build cash value over time.

For individuals in Fargo seeking the best life insurance without a required medical exam Protective leads for men and women, with a MoneyGeek score of 91. Protective offers a strong combination of affordability, customer satisfaction and financial stability.

The top providers for men are:

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

The top providers for women are:

• 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 coverage quickly and without the need to undergo a medical assessment. This can be particularly beneficial for those who have health concerns or require immediate coverage. For example, someone with a chronic condition might opt for this insurance to ensure they can secure a policy more easily and without potential complications from a medical review.

For men seeking the best term life insurance for seniors in Fargo, Nationwide leads with a MoneyGeek score of 90 and a monthly premium of $89. Women find their top choice in Protective, which scores 91 with an $81 monthly premium.

Age significantly affects life insurance premiums, as the risk to insurers increases with the policyholder's age. The high MoneyGeek scores of Nationwide and Protective reflect their balance of cost, customer satisfaction and financial stability. These factors are pivotal for seniors prioritizing security and value in their life insurance selection.

For men seeking the best term life insurance for smokers in Fargo, Mutual of Omaha stands out with a MoneyGeek score of 90 and a monthly premium of $57. Women, on the other hand, will find Transamerica at the top with a score of 88 and a monthly cost of $35.

Smoking status is a significant factor in life insurance premiums; insurers typically charge smokers higher rates due to the increased health risks and potential for shorter lifespans. Companies with the highest MoneyGeek scores, like Mutual of Omaha and Transamerica, offer a balance of cost efficiency, customer satisfaction and financial stability.

For those seeking the best term life insurance for young adults in Fargo, Protective stands out with a MoneyGeek score of 91 for women and 90 for men. The monthly premium is approximately $11 for women and $16 for men.

Age is a significant factor in determining life insurance premiums. Younger adults generally pay lower premiums because they are considered lower risk compared with older individuals. Protective's high MoneyGeek score is attributed to its strong customer satisfaction, financial stability and product diversity. For young adults in Fargo, choosing Protective means benefiting from a well-rounded insurance provider that excels in multiple areas.

For men in Fargo, Nationwide offers the best cheap term life insurance with a MoneyGeek score of 90 and a monthly premium of $23. For women, Protective leads with a MoneyGeek score of 91 and a monthly premium of $18. Nationwide's high score for men is due to its strong buying process and financial stability, while Protective excels for women with high affordability and customer satisfaction scores.

Several factors influence the cost of life insurance premiums, including age, health, coverage amount, and term length. To get the lowest premiums, it's important to maintain excellent health, choose a shorter term length and opt for a lower coverage amount.

The average monthly cost of term life insurance in Fargo is $31 for women and $41 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 significantly impact the cost you pay for life insurance.

Life insurance costs in Fargo may be different from the rest of North Dakota due to various reasons. Regional health statistics, local economic conditions and demographic factors can all play a role in determining insurance premiums. For example, if Fargo has higher healthcare costs or a higher incidence of certain health conditions, this could lead to higher insurance premiums. Conversely, if the local economy is strong and residents are generally healthier, premiums might be lower.