Best Life Insurance in Fort Wayne, IN (November 2024)

In Fort Wayne, Indiana, Mutual of Omaha is the best life insurance company for men, with a MoneyGeek score of 91 and an average monthly premium of $48. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $30. These scores and premiums are based on a 20-year term policy with $500,000 coverage.

Different factors, such as health and age, can influence which life insurance policy is best for you. It's important to consider your unique needs when deciding on the right policy.

In Fort Wayne, Mutual of Omaha offers the best life insurance for men, with a MoneyGeek score of 91 out of 100 and an average monthly premium of $48. For women, Protective is the top provider, with a MoneyGeek score of 92 out of 100 at around $30 per month.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $48 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $49 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $30 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $38 per month for women

Mutual of Omaha stands out for men due to its high MoneyGeek score and competitive monthly premium. Similarly, Protective is the best choice for women, offering a high MoneyGeek score at a lower monthly premium. These companies provide a balanced combination of affordability, customer satisfaction and financial stability, making them ideal for the average individual seeking life insurance in Fort Wayne.

Protective is the top provider of the best term life insurance in Fort Wayne for men and women, with a MoneyGeek score of 91 and 92, respectively. Men can secure a policy at an average monthly premium of $24, while women pay around $16 per month. Protective's high scores reflect its commitment to affordability, customer satisfaction and financial stability, making it a solid choice for individuals seeking term life insurance coverage in Fort Wayne.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 91 out of 100 at $24 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $24 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $16 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Term life insurance is a policy that provides coverage for a specific term length, such as 10 years. It is often chosen over permanent life insurance for its lower cost and the ability to match the term to the length of the financial need. For example, a parent might buy a 20-year term policy to ensure their child's education expenses will be covered in the event of their untimely passing.

For individuals in Fort Wayne looking for the best whole life insurance, Protective stands out with a MoneyGeek score of 92 for men and women. This score reflects Protective's commitment to providing a well-rounded insurance experience that includes affordability, customer satisfaction and financial stability.

Top whole life companies for men in Fort Wayne:

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

Top whole life companies for women in Fort Wayne:

• 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 offers a guaranteed death benefit, fixed premiums and a savings component that grows over time. These features make it a reliable choice for long-term financial planning. For example, someone might choose whole life insurance to ensure their family's financial security while accumulating cash value they can borrow against if needed.

For individuals in Fort Wayne seeking the best universal life insurance, Protective stands out with a MoneyGeek score of 91 for men and women. This score indicates a strong performance across various metrics, including affordability, customer satisfaction and financial stability.

Best universal life insurance for men:

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

Best for women's universal life insurance:

• 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, making it suitable for those who value adaptability in their financial planning. For example, someone might prefer universal life insurance to secure a death benefit while accumulating a cash value that can be used during their lifetime.

Protective is the best no-medical-exam life insurance provider in Fort Wayne for men and women, with a MoneyGeek score of 91 for both. This company offers a balance of affordability, customer satisfaction and financial stability, making it a fitting choice for individuals in need of a reliable insurance policy without the hassle of a medical exam.

Best no-medical-exam life insurance for men:

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

Best life insurance for women that does not require a medical exam:

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

Life insurance without a required medical exam allows individuals to bypass the traditional health assessment typically required for life insurance policies. For example, someone with a busy schedule or a dislike of medical exams might opt for this type of insurance for its convenience and speed.

In Fort Wayne, Mutual of Omaha and Protective are the leading providers of the best term life insurance for seniors. Mutual of Omaha has a MoneyGeek score of 91 with an average monthly premium of $96 for men, while Protective leads for women with a score of 91 and a monthly premium of about $70.

Age is a determining factor in life insurance costs, as premiums generally increase with age to account for higher risk. The high MoneyGeek scores for Mutual of Omaha and Protective suggest a strong combination of affordability, customer satisfaction and financial stability. These factors are key considerations for seniors looking for term life insurance.

For men seeking the best term life insurance for smokers in Fort Wayne, Mutual of Omaha leads with a MoneyGeek score of 90 and an average monthly premium of $53. Women find the best option from Allstate, with a MoneyGeek score of 89 and a monthly premium of around $29.

Smoking impacts life insurance premiums due to the health risks associated with tobacco use, which insurers account for in their pricing. Mutual of Omaha and Allstate's high MoneyGeek scores reflect their strong performance across affordability, customer satisfaction and financial stability, making them reliable choices for smokers in Fort Wayne.

In Fort Wayne, Protective offers the best term life insurance for young adults, with a MoneyGeek score of 92 for men and women. The average monthly premium is $15 for men and $10 for women.

The cost of term life insurance for young adults is influenced by age, as younger individuals generally pay lower premiums. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability, making it an excellent choice for young adults seeking term life insurance in Fort Wayne.

Nationwide offers the best cheap term life insurance for men in Fort Wayne, with a MoneyGeek score of 93 and an average monthly premium of $22. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of approximately $16. Nationwide and Protective have the highest MoneyGeek scores due to their balance of affordability, customer satisfaction and financial stability.

Life insurance premiums are influenced by several factors, including age, health, coverage amount and term length. To get the lowest premiums possible, maintain excellent health, choose a shorter term length and opt for a lower coverage amount.

The average monthly premium for term life insurance in Fort Wayne, Indiana, is $30 for women and $44 for men.

Several factors affect life insurance premiums, including age, health, lifestyle, occupation, policy term and coverage amount. Each of these elements can influence the cost you pay for life insurance.

In Fort Wayne, the cost of life insurance might be higher or lower than in the rest of Indiana for various local conditions. Factors such as local health statistics, economic conditions, crime rates and the level of competition among insurers can all play a role. Understanding these dynamics can help you make informed decisions when shopping for life insurance.