Updated: December 24, 2024
Advertising & Editorial Disclosure
For women in Fayetteville, North Carolina, Protective offers the best life insurance, with a MoneyGeek score of 92 and an average monthly premium of $16. For men, Mutual of Omaha is the top provider, scoring 91 at $23.
These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Different factors should be considered when deciding on life insurance. Your unique needs may mean a different company is best for you.
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 Fayetteville, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceFayetteville, NBest Life Insurance Companies in Fayetteville
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.
Mutual of Omaha is the top life insurance provider for men in Fayetteville, with a MoneyGeek score of 91 and an average monthly premium of $23. For women, Protective leads with a MoneyGeek score of 92 and a premium of $16.
Top providers for men:
Top providers for women:
Choosing Mutual of Omaha or Protective ensures a balance of affordability and customer satisfaction.
For women seeking life insurance in Fayetteville, Protective is the best choice, with a MoneyGeek score of 92 and an average monthly premium of $16. Men placed Mutual of Omaha as their top choice, scoring 91 with a monthly premium of $23. Both companies excel in customer satisfaction and affordability.
Protective
Pros:
Cons:
Mutual of Omaha
Pros:
Cons:
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.
For those seeking the best term life insurance in Fayetteville, Mutual of Omaha is the premier choice for men and Protective for women. Mutual of Omaha got a MoneyGeek score of 92 for men, with approximately $10 on monthly premiums, while Protective scored 91 for women at $9.
Top term life providers for men:
Top term life providers for women:
Term life insurance is a policy that provides coverage for a specific term, such as 10, 20 or 30 years. It's a straightforward solution for those who need financial protection during their working years or while paying off a mortgage. Parents might opt for it to ensure their children's education in the event of their untimely death.
Mutual of Omaha is the leading provider of term life insurance for men in Fayetteville, with a MoneyGeek score of 92. For an average monthly premium of $10, men can secure their peace of mind.
Pros:
Cons:
Protective is the top choice for women looking for the best term life insurance in Fayetteville, with a MoneyGeek score of 91. Women can secure their future with a monthly premium of just $8, ensuring both value and security.
Pros:
Cons:
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.
The best whole life insurance for Fayetteville residents is Protective, receiving a MoneyGeek score of 92. Protective offers reliable, long-term financial security and customer satisfaction.
Top whole life companies in Fayetteville:
Whole life insurance is a type of permanent life insurance that includes an investment component or cash value. Someone might choose whole life insurance to provide for their family while also building cash value they can borrow against in the future.
Protective is the leading choice for the best whole life insurance in Fayetteville, with an impressive MoneyGeek score of 92. The high score is indicative of the company's commitment to excellence in its service and offerings.
Pros:
Cons:
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.
Protective is the company at the top for the best universal life insurance in Fayetteville, with a MoneyGeek score of 91. It's the ideal choice for the average individual seeking reliable life coverage.
Best universal life insurance in Fayetteville:
Universal life insurance offers flexibility in premiums and death benefits. For example, someone who expects significant income fluctuations might prefer it to ensure their coverage adapts to their financial situation.
Protective is the leading choice for universal life insurance in Fayetteville, with a MoneyGeek score of 91. Consumers trust this provider for its excellent customer satisfaction and financial stability.
Pros:
Cons:
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.
The best no-medical-exam life insurance for residents of Fayetteville is Protective, with a MoneyGeek score of 91. This score reflects a balance of affordability, customer satisfaction, financial stability and product diversity.
Top companies offering life insurance policies without mandatory medical exams:
Life insurance that doesn't require a medical exam allows individuals to obtain coverage quickly. It can be beneficial for those with health concerns or who need immediate coverage.
Protective is the premier provider of no-medical-exam life insurance in Fayetteville, boasting a MoneyGeek score of 91. This score reflects the company's commitment to excellence across key metrics.
Pros:
Cons:
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.
Mutual of Omaha and Protective stand as the best term life insurance for seniors in Fayetteville, scoring 67 and 91 respectively. Mutual of Omaha offers men an average monthly premium of $39, while Protective charges women $34.
Age can determine life insurance premiums; as people age, the risk to insurers increases, which typically results in higher premiums for seniors.
| 1 | Mutual of Omaha | $39 | 92 |
| 2 | Protective | $45 | 91 |
| 3 | Nationwide | $39 | 91 |
| 4 | Allstate | $41 | 88 |
| 5 | Transamerica | $46 | 87 |
| 6 | Prudential | $48 | 86 |
| 7 | State Farm | $69 | 85 |
| 8 | AAA | $68 | 85 |
| 9 | Haven | $76 | 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.
In Fayetteville, the best term life insurance for smokers is Mutual of Omaha for men, with a MoneyGeek score of 91 and an average monthly premium of $40. Women who smoke could fare best with Allstate, scoring 89 with a monthly cost of approximately $30.
Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers.
| 1 | Mutual of Omaha | $21 | 91 |
| 2 | Nationwide | $26 | 89 |
| 3 | Protective | $32 | 88 |
| 4 | Transamerica | $19 | 88 |
| 5 | Prudential | $19 | 87 |
| 6 | State Farm | $30 | 86 |
| 7 | Allstate | $29 | 86 |
| 8 | AAA | $40 | 85 |
| 9 | Haven | $39 | 83 |
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.
The best term life insurance for young adults is Mutual of Omaha for men, with a MoneyGeek score of 92 and an average monthly premium of $6. For women, Protective leads, scoring 92 with a premium of $5.
Age plays a crucial role in life insurance premiums. Younger individuals generally pay lower premiums because they are healthier and pose a lower risk to insurers.
| 1 | Mutual of Omaha | $6 | 92 |
| 2 | Protective | $7 | 92 |
| 3 | Nationwide | $7 | 90 |
| 4 | Allstate | $7 | 88 |
| 5 | Transamerica | $7 | 88 |
| 6 | AAA | $10 | 87 |
| 7 | Haven | $8 | 86 |
| 8 | State Farm | $12 | 85 |
| 9 | Prudential | $10 | 85 |
| 10 | Bestow | $16 | 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 Fayetteville, Mutual of Omaha offers the best cheap term life insurance for men with a MoneyGeek score of 92 and an average monthly premium of $10. For women, Protective got the highest score of 91 with an average monthly premium of $8.
Factors such as age, health, coverage amount and term length influence life insurance premiums. To get the lowest costs, maintain a healthy lifestyle, choose a shorter term length and compare quotes from multiple providers.
| 1 | Mutual of Omaha | $10 | 92 |
| 2 | Nationwide | $11 | 91 |
| 3 | Protective | $11 | 91 |
| 4 | Allstate | $10 | 90 |
| 5 | Transamerica | $11 | 89 |
| 6 | Prudential | $14 | 84 |
| 7 | Haven | $14 | 84 |
| 8 | AAA | $17 | 84 |
| 9 | State Farm | $18 | 82 |
Men in Fayetteville pay an average of $20 per month for term life insurance premiums. Women, on the other hand, pay an average of $15.
Several factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage. Younger individuals and those in good health or with healthy lifestyles tend to pay less.
The cost of life insurance in Fayetteville might be higher or lower compared to the rest of North Carolina for various reasons. Local economic conditions, health statistics and lifestyle factors can all play a role. For example, areas with higher health care costs or higher rates of certain health conditions may see higher life insurance premiums.
Understanding these factors and your situation can help you make informed decisions about life insurance.
Mutual of Omaha offers the best life insurance in Fayetteville for men, with a MoneyGeek score of 91.
The monthly premium cost for the best life insurance for men in Fayetteville is $23, provided by Mutual of Omaha.
Protective offers the best life insurance in Fayetteville for women, with a MoneyGeek score of 92.
The monthly premium cost for the best life insurance for women in Fayetteville is at $29, provided by Protective.
Life insurance in Fayetteville offers competitive rates and high customer satisfaction scores. For example, Protective and Mutual of Omaha have high MoneyGeek scores due to their strong financial stability and customer satisfaction. This makes Fayetteville a good place to find reliable life insurance options compared to other areas in North Carolina.
If a life insurance company goes bankrupt in Fayetteville, state guaranty associations step in to protect policyholders. These associations cover claims up to certain limits, ensuring that policyholders are not left without coverage. It's important to check the specific limits and protections offered by North Carolina's guaranty association.
Fayetteville residents might need life insurance to provide financial security for their families, cover debts or ensure children's education costs are met. Life insurance can also help with final expenses and provide peace of mind knowing that loved ones are protected financially.
To find a lost life insurance policy in Fayetteville, check personal records, bank statements and contact previous employers. You can also reach out to the North Carolina Department of Insurance for assistance or use online tools designed to locate lost policies.
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.
