Updated: November 21, 2024
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In Grand Rapids, Michigan, the best life insurance provider for men is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $26. The top provider for women is Protective, with a MoneyGeek score of 92 and an average monthly premium of $19.
Different factors influence life insurance decisions, and 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 Grand Rapids, Michigan.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceGrand Rapids, MBest Life Insurance Companies in Grand Rapids
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.
In Grand Rapids, Protective offers the best life insurance for women, with a MoneyGeek score of 92 and an average monthly premium of $19. For men, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $26.
Top providers for men:
Top providers for women:
These companies offer reliable and cost-effective life insurance options, making them ideal choices for residents of Grand Rapids.
Men seeking the best life insurance in Grand Rapids can go for Mutual of Omaha. It received a MoneyGeek score of 91 and has an average monthly premium of $26. Women's best option is Protective, with a MoneyGeek score of 92 and an average monthly premium of $19.
Mutual of Omaha
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Protective
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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.
In Grand Rapids, Mutual of Omaha and Protective are the leading providers of term life insurance for men and women, respectively. Mutual of Omaha has a MoneyGeek score of 92 at about $11 per month for men, while Protective achieves a score of 91 at $10 per month for women.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides a death benefit over a set term, offering a safety net for dependents without long-term commitment or cash value accumulation. For instance, a parent might choose the best term life insurance to ensure their child's education is funded in the event of their untimely passing.
For men seeking the best term life insurance in Grand Rapids, Mutual of Omaha is the top choice, earning a MoneyGeek score of 92. The company offers an affordable monthly premium of about $11, making it a financially sound option.
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Protective is the premier provider of term life insurance for women in Grand Rapids. It has a MoneyGeek score of 91 and a monthly premium of around $10, representing a blend of value and quality.
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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.
For those seeking the best whole life insurance in Grand Rapids, Protective is the leading option, with a MoneyGeek score of 92. This score reflects its strong affordability, customer satisfaction and financial stability.
Top whole life companies in Grand Rapids:
Whole life insurance offers 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 they can borrow against in the future.
Protective has the best whole life insurance in Grand Rapids with top-tier services. With a MoneyGeek score of 92 for both men and women, Protective combines customer satisfaction, affordability and financial stability.
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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 leading provider of the best universal life insurance in Grand Rapids for men and women, with a MoneyGeek score of 91. It offers a reliable option for those seeking financial security and comprehensive insurance.
Best universal life insurance companies:
Universal life insurance offers flexible premiums, a death benefit and the potential to build cash value over time. For instance, someone who wants to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies, providing security and flexibility.
Protective offers the top universal life insurance in Grand Rapids, with a MoneyGeek score of 91 for men and women. The company's commitment to customer satisfaction and affordability makes it a strong 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 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 tops the list of the best no-medical-exam life insurance providers in Grand Rapids, garnering a MoneyGeek score of 91 for men and women.
Best life insurance companies that do not require a medical exam:
Life insurance without a required medical exam allows individuals to obtain coverage quickly. This can be particularly beneficial for those who need immediate coverage or have health issues that could complicate a traditional application process. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid being denied or facing higher premiums.
Protective offers the best life insurance with no mandatory medical exam in Grand Rapids, catering to both men and women. With a MoneyGeek score of 91, it is committed to customer satisfaction and financial stability excellence.
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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.
For men seeking the best term life insurance for seniors in Grand Rapids, Mutual of Omaha leads with a MoneyGeek score of 66 and a monthly premium of around $45. Women find their best option with Protective, scoring 64 with a premium of $41.
Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Protective's and Mutual of Omaha's MoneyGeek scores reflect their commitment to affordability, customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $45 | 92 |
| 2 | Protective | $52 | 91 |
| 3 | Nationwide | $43 | 91 |
| 4 | Transamerica | $54 | 87 |
| 5 | Prudential | $54 | 86 |
| 6 | AAA | $74 | 86 |
| 7 | Allstate | $80 | 85 |
| 8 | State Farm | $87 | 84 |
| 9 | Haven | $82 | 83 |
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 Grand Rapids, Mutual of Omaha offers the best term life insurance for smokers. It has a MoneyGeek score of 91 for men and 89 for women, with average monthly premiums of $25 and $24, respectively.
Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha provides valuable coverage at competitive prices. This information is crucial for smokers who need a reliable policy that can accommodate their circumstances without compromising quality or cost.
| 1 | Mutual of Omaha | $25 | 91 |
| 2 | Nationwide | $30 | 89 |
| 3 | Transamerica | $22 | 88 |
| 4 | Protective | $37 | 88 |
| 5 | Prudential | $24 | 87 |
| 6 | State Farm | $33 | 86 |
| 7 | AAA | $45 | 85 |
| 8 | Allstate | $39 | 84 |
| 9 | Haven | $43 | 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.
If you're searching for the best term life insurance for young adults in Grand Rapids, consider Mutual of Omaha for men, with a MoneyGeek score of 92 and a monthly premium of about $7. For women, Protective stands out, with a score of 92 and a premium of $6.
Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower rates. Choosing a reliable term life insurance is essential for securing financial protection at a reasonable cost.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $8 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | AAA | $11 | 88 |
| 5 | Transamerica | $8 | 88 |
| 6 | Haven | $9 | 86 |
| 7 | Allstate | $12 | 86 |
| 8 | Prudential | $11 | 85 |
| 9 | State Farm | $15 | 85 |
| 10 | Bestow | $19 | 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.
For men, Nationwide is the top provider of the best cheap term life insurance in Grand Rapids, with a MoneyGeek score of 92 and a monthly premium of around $12. Protective takes the lead for women, with a MoneyGeek score of 91 and a premium of $10.
Factors such as age, health, coverage amount and term length affect life insurance costs. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount.
| 1 | Nationwide | $12 | 92 |
| 2 | Mutual of Omaha | $11 | 92 |
| 3 | Protective | $12 | 91 |
| 4 | Transamerica | $13 | 89 |
| 5 | AAA | $18 | 86 |
| 6 | Prudential | $16 | 86 |
| 7 | Haven | $16 | 85 |
| 8 | Allstate | $20 | 84 |
| 9 | State Farm | $23 | 82 |
In Grand Rapids, the average monthly premium for term life insurance is $18 for women and $24 for men.
Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage you choose. Insurers assess these factors to determine the risk for them by insuring you.
The cost of life insurance in Grand Rapids might differ from the rest of Michigan due to local health statistics, economic conditions, specific regional risk factors and other reasons. For example, premiums might be higher if a region has higher health care costs or a higher case of certain health conditions. Conversely, areas with lower living costs or better overall health statistics might see lower premiums.
Always consider your circumstances and the specific conditions of your area when evaluating your options.
Mutual of Omaha has the best life insurance for men in Grand Rapids, with a MoneyGeek score of 91.
The average monthly premium for the best life insurance for men in Grand Rapids, provided by Mutual of Omaha, is $26.
Protective offers the best life insurance in Grand Rapids for women, with a MoneyGeek score of 92.
The average monthly premium for the best life insurance for women in Grand Rapids, provided by Protective, is $19.
Life insurance in Grand Rapids may offer different premium rates and coverage options than the rest of Michigan. For instance, Protective and Mutual of Omaha provide competitive rates in Grand Rapids, but these options might differ in other cities, reflecting local market conditions and demographic factors.
State guaranty associations typically protect policyholders if a life insurance company goes bankrupt in Grand Rapids. These associations cover claims up to a certain limit, ensuring that policyholders do not lose their coverage entirely. It's important to check specific coverage limits with the Michigan Life & Health Insurance Guaranty Association.
Grand Rapids residents might need life insurance to provide financial security for their families, cover debts and ensure future expenses like education and mortgage payments are managed. Life insurance can also be part of a comprehensive financial plan, offering peace of mind and stability for loved ones.
To find a lost life insurance policy in Grand Rapids, check personal records and contact the deceased's financial advisors. You can also reach out to the Michigan Department of Insurance and Financial Services or use online tools 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.
