Updated: November 27, 2024
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The best life insurance company in Fort Lauderdale, Florida, for both men and women is Protective. The MoneyGeek score for men is 91, with a monthly premium cost of $30. For women, the MoneyGeek score is also 92, with a monthly premium cost of $24.
Different factors should be considered when deciding on what type of life insurance to buy. These scores and premium costs are based on a 20-year term policy with $500,000 coverage. 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 Fort Lauderdale, Florida.
Coverage costs and company information for life insurance providers were updated in August 2024.
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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.
Protective offers the best life insurance in Fort Lauderdale for both men and women, with a MoneyGeek score of 92 for men and 92 for women. The average monthly premium is $30 for men and $24 for women.
The top providers for men are:
The top providers for women are:
Protective stands out due to its high customer satisfaction scores and affordable premiums.
In Fort Lauderdale, Protective offers the best life insurance for both men and women, with a MoneyGeek score of 92. Women can secure a policy at approximately $24 per month, while men's premiums are around $30 monthly. The company's excellence in customer satisfaction and affordability make it a top choice for life insurance seekers in the area.
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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:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
If you’re seeking the best term life insurance in Fort Lauderdale, Protective is the top provider for both men and women. With a MoneyGeek score of 67 and a monthly premium of $14 for men, and a score of 66 with a $12 premium for women, Protective offers a compelling balance of affordability and quality service. This high ranking indicates a strong customer satisfaction and financial stability, making it a solid choice for term life insurance shoppers.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides coverage for a specific period, making it a cost-effective option for people seeking financial protection for their loved ones without a long-term commitment. For instance, a parent might choose term insurance to ensure their child's education is funded in case of an untimely death.
Protective stands out as the premier choice for term life insurance in Fort Lauderdale, catering to needs the needs of women and men. With an impressive MoneyGeek score of 91 and a monthly premium of $12 for women — and a MoneyGeek score of 92 and a monthly premium of $14 for men — it's a blend of quality and affordability that's hard to beat.
Recognized for its commitment to customer satisfaction and financial robustness, Protective offers a reliable safety net for women seeking financial security through life insurance.
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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 stands out as the provider of the best whole life insurance in Fort Lauderdale, with a MoneyGeek score of 92 for both men and women. This high score suggests that Protective offers a combination of affordability, customer satisfaction and financial stability, making it a solid choice if you’re seeking reliable life insurance coverage.
The top performers for men are:
The top performers for women are:
Whole life insurance provides lifelong coverage and includes an investment component that can accumulate cash value. For example, someone might choose whole life insurance to ensure permanent protection while also building cash value that can be borrowed against in the future.
Protective stands out as the premier choice for whole life insurance in Fort Lauderdale, scoring an impressive 92 for both men and women. This reflects a strong balance of affordability, customer satisfaction, and financial stability, making it an attractive option for prospective policyholders.
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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.
Protective is the best universal life insurance provider in Fort Lauderdale, with a MoneyGeek score of 91 for both men and women.
This score suggests that Protective stands out for its balance of affordability, customer satisfaction and financial stability. These factors are pivotal for people seeking a reliable universal life insurance policy.
The best companies for men are:
The best companies for women are:
Universal life insurance is a flexible policy that allows policyholders to adjust their premiums and death benefits. For example, someone might choose universal life insurance over term life insurance for its potential cash value accumulation, which can serve as a financial resource during their lifetime.
Protective stands out as the top choice for the best universal life insurance in Fort Lauderdale for both men and women, boasting MoneyGeek scores of 91 for each. This score reflects a harmonious blend of customer satisfaction, affordability and financial stability, ensuring a reliable and valuable insurance experience for clients.
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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 stands out as the provider of the best life insurance without a required medical exam in Fort Lauderdale, with a MoneyGeek score of 91 for both men and women.
This score reflects a balance of affordability, customer satisfaction, and financial stability, making Protective an optimal choice for individuals seeking reliable coverage without the need for a medical exam. The company's high scores indicate a commitment to excellence in service and product offerings, ensuring policyholders receive quality insurance tailored to their needs.
The best companies for men are:
The best companies for women are:
No-medical-exam life insurance is a policy that grants coverage without requiring a health examination, which can be ideal if you have health concerns or a need for expedited coverage. For example, an individual with a busy lifestyle or pre-existing conditions may choose such insurance to avoid the delays and complications of a traditional underwriting process.
If you’re seeking the best no-medical-exam life insurance in Fort Lauderdale, Protective emerges as the leading choice for both men and women, boasting MoneyGeek scores of 91 for each. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a standout in the insurance market.
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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.
In Fort Lauderdale, for seniors seeking the best term life insurance, Protective stands out for both men and women, with a MoneyGeek score of 91. The monthly premium is to $60 for men and $52 for women.
Age is a determining factor in life insurance premiums, with costs typically increasing as policyholders grow older. Protective's high score reflects a balance of affordability and customer satisfaction, as well as financial stability.
| 1 | Protective | $60 | 91 |
| 2 | Mutual of Omaha | $65 | 91 |
| 3 | Nationwide | $61 | 90 |
| 4 | Allstate | $53 | 89 |
| 5 | AAA | $76 | 88 |
| 6 | Transamerica | $61 | 87 |
| 7 | Prudential | $79 | 85 |
| 8 | State Farm | $103 | 84 |
| 9 | Haven | $119 | 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.
For smokers in Fort Lauderdale, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 91 for men and 90 for women, with monthly premiums of $39 and $34, respectively.
Smoking is a significant factor in determining life insurance premiums due to the health risks associated with tobacco use. Insurers typically charge higher rates to smokers to account for these risks.
Mutual of Omaha's high scores reflect a strong balance across various metrics, including affordability, customer satisfaction, and financial stability. This makes it a reliable choice if you’re seeking coverage that acknowledges your smoking habits without compromising on quality or service.
| 1 | Mutual of Omaha | $39 | 91 |
| 2 | Nationwide | $45 | 89 |
| 3 | AAA | $43 | 89 |
| 4 | Transamerica | $35 | 88 |
| 5 | Protective | $58 | 88 |
| 6 | Prudential | $37 | 87 |
| 7 | State Farm | $53 | 86 |
| 8 | Allstate | $53 | 85 |
| 9 | Haven | $70 | 82 |
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.
For the best term life insurance for young adults in Fort Lauderdale, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $8 for men and $7 for women. Age is a key factor in determining life insurance premiums, with younger adults typically paying less. Protective's high MoneyGeek score is attributed to its affordability, customer satisfaction and financial stability.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $10 | 90 |
| 4 | AAA | $11 | 89 |
| 5 | Allstate | $8 | 89 |
| 6 | Transamerica | $9 | 88 |
| 7 | State Farm | $17 | 86 |
| 8 | Haven | $13 | 86 |
| 9 | Prudential | $16 | 85 |
| 10 | Bestow | $26 | 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.
If you’re seeking the best cheap term life insurance in Fort Lauderdale, Protective stands out for both men and women. With a MoneyGeek Score of 92 for men and 91 for women, and monthly premiums of $14 and $12 respectively, Protective offers excellent value.
Life insurance premiums are influenced by age, health, coverage amount and term length. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount. Protective scores high due to its affordability, customer satisfaction and financial stability.
| 1 | Protective | $14 | 92 |
| 2 | Allstate | $13 | 91 |
| 3 | Nationwide | $16 | 91 |
| 4 | Mutual of Omaha | $16 | 90 |
| 5 | Transamerica | $14 | 90 |
| 6 | AAA | $18 | 88 |
| 7 | Haven | $22 | 83 |
| 8 | State Farm | $27 | 82 |
| 9 | Prudential | $24 | 82 |
In Fort Lauderdale, the average monthly premium for term life insurance is $23 for women and $28 for men. These figures reflect the cost of securing financial protection for your loved ones.
Many factors influence the cost of life insurance premiums. Age, health, lifestyle choices, occupation and the amount of coverage all play a role in determining your rate. For instance, younger and healthier individuals generally pay lower premiums, while those with risky occupations or health conditions may face higher costs.
The cost of life insurance in Fort Lauderdale might differ from other parts of Florida due to local factors. Health statistics, average income levels, cost of living and regional risk factors can all impact insurance rates. For example, if Fort Lauderdale has higher healthcare costs or a greater prevalence of certain health conditions, this could lead to higher premiums.
Understanding these factors can help you make informed decisions about your life insurance needs. Always compare rates and consider your personal circumstances to find the best coverage for you and your family.
Protective offers the best life insurance in Fort Lauderdale for men thanks to its MoneyGeek score of 67, the highest among all companies in the city.
The monthly premium cost for the best life insurance for men in Fort Lauderdale is $30. This rate is based on the data provided for a 31 to 40 age group with excellent health.
Protective is the best life insurance company in Fort Lauderdale for women. This is due to its highest MoneyGeek score of 66, making it the top choice for women policyholders.
The monthly premium cost for the best life insurance for women in Fort Lauderdale is $24. This cost applies to women aged 31 to 40 with excellent health ratings.
Life insurance in Fort Lauderdale is generally similar to the rest of Florida. However, local economic conditions and demographic factors might influence premium rates. For example, higher living costs in Fort Lauderdale could lead to slightly higher premiums compared to other regions in Florida.
If a life insurance company goes bankrupt in Fort Lauderdale, state guaranty associations typically protect policyholders. These associations ensure that policies are honored up to certain limits, providing a safety net for residents.
Fort Lauderdale residents might need life insurance to provide financial security for their families. This can include covering mortgage payments, education costs, and other financial obligations in the event of the policyholder's death.
To find a lost life insurance policy in Fort Lauderdale, residents should contact the Florida Department of Financial Services. They can also use online databases like the National Association of Insurance Commissioners' Life Insurance Policy Locator.
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.
