Updated: November 21, 2024
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The best life insurance company in Hillsboro, Oregon, for both men and women is Protective. The MoneyGeek score for Protective is 92 for both genders. The monthly premium cost is $14 for women and $20 for men.
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 what type of life insurance to buy. 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 Hillsboro, Oregon.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceHillsboro, ORBest Life Insurance Companies in Hillsboro
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 Hillsboro for both men and women, with a MoneyGeek score of 92 and average monthly premiums of $20 for men and $14 for women.
Top providers for men:
Top providers for women:
Protective stands out due to its high MoneyGeek score and affordable premiums. This combination makes it an excellent choice for anyone seeking reliable and cost-effective life insurance in Hillsboro.
Protective stands out as the premier life insurance provider in Hillsboro for both men and women. With an overall MoneyGeek score of 92 for women and 92 for men, Protective offers monthly premiums of $14 for women and $20 for men. Their high scores suggest a strong balance of affordability, customer satisfaction and financial stability.
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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.
Protective is the best term life insurance provider in Hillsboro with a MoneyGeek score of 92 for men and 92 for women, and average monthly premiums of $10 for men and $8 for women. This score reflects a balance of affordability, customer satisfaction, and financial stability that is essential for anyone considering term life insurance.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy where coverage is provided for a predetermined period. For example, a parent may opt for term insurance to ensure that their child's education costs are covered in the event of their untimely passing.
Protective stands out as the premier choice for term life insurance in Hillsboro, with a stellar MoneyGeek score of 92. Men seeking a reliable policy will find Protective's monthly premium cost an appealing $10 for men and $8 for women, ensuring both quality and affordability are within reach. This company's ratings reflect a strong commitment to customer needs and financial security.
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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 is the top provider of the best whole life insurance in Hillsboro, with a MoneyGeek score of 92 for both men and women. This score reflects the company's commitment to affordability, customer satisfaction and financial stability.
Top whole life companies for men in Hillsboro:
Top whole life companies for women in Hillsboro:
Whole life insurance offers a guaranteed death benefit, fixed premiums, and a savings component that grows over time, which can be appealing for those seeking certainty and financial growth. For example, a person might opt for whole life insurance to ensure their family's financial stability while also accumulating cash value that can be borrowed against in the future.
In Hillsboro, Protective stands out as the premier choice for whole life insurance for both men and women, boasting MoneyGeek scores of 92 for each. This ranking reflects a balance of cost, customer satisfaction, and financial stability, making it a reliable option for those seeking life insurance coverage.
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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 offers the best universal life insurance for both men and women, boasting a MoneyGeek score of 91. Protective offers a reliable and cost-effective option for universal life insurance policies.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance offers flexibility in premiums and death benefits, making it a sound choice for long-term financial planning. For instance, someone who wants the ability to adjust their coverage as their life circumstances change may find universal life insurance more suitable than term life insurance.
For those in search of top-tier universal life insurance in Hillsboro, Protective emerges as the leading choice for both men and women. With a MoneyGeek score of 91 for each, Protective's superior offerings are clear.
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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 is the provider with the best no-medical-exam life insurance for both men and women in Hillsboro, with a MoneyGeek score of 91. This score reflects the company's strong performance across various metrics, indicating reliability and customer satisfaction.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
An individual with a busy lifestyle or a fear of medical procedures might choose the best no-medical exam-life insurance over traditional policies to avoid discomfort.
In Hillsboro, Protective stands out as the premier choice for no-medical-exam life insurance for both men and women. With a MoneyGeek score of 91 for both genders, Protective offers a balance of quality service and financial reliability.
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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 older men and women in Hillsboro looking for the best term life insurance for seniors, Protective is at the top, earning a MoneyGeek Score of 91 and a $44 average monthly premium for men and $33 for women.
Age influences life insurance premiums, as insurers assess the increased risk associated with older age groups. Protective's high MoneyGeek Score reflects its strong customer satisfaction, affordability and financial stability, making it a top choice for those prioritizing value and security.
| 1 | Protective | $44 | 91 |
| 2 | Mutual of Omaha | $43 | 91 |
| 3 | Nationwide | $51 | 89 |
| 4 | Allstate | $40 | 89 |
| 5 | AAA | $57 | 87 |
| 6 | Prudential | $50 | 86 |
| 7 | State Farm | $79 | 84 |
| 8 | Haven | $82 | 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 Hillsboro, Mutual of Omaha stands out for men and women seeking the best term life insurance for smokers, with a MoneyGeek score of 91 and an average monthly premium of $44 for men and $34 for women.
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's top scores reflect their commitment to providing valuable coverage at competitive prices, making them strong contenders for reliable term life insurance.
| 1 | Mutual of Omaha | $44 | 92 |
| 2 | Nationwide | $60 | 88 |
| 3 | Protective | $70 | 88 |
| 4 | Prudential | $44 | 87 |
| 5 | State Farm | $67 | 85 |
| 6 | Allstate | $66 | 85 |
| 7 | AAA | $84 | 85 |
| 8 | Haven | $77 | 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.
For young adults in Hillsboro, Protective is the winner. It earns a MoneyGeek score of 92 and offers average monthly premiums of $5 for women and $6 for men. Protective's high MoneyGeek score is attributed to its affordability, customer satisfaction and financial stability.
Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance for young adults is essential for securing financial protection at a reasonable cost.
| 1 | Protective | $6 | 92 |
| 2 | Mutual of Omaha | $7 | 92 |
| 3 | Nationwide | $9 | 90 |
| 4 | AAA | $8 | 89 |
| 5 | Allstate | $6 | 89 |
| 6 | State Farm | $13 | 87 |
| 7 | Prudential | $10 | 87 |
| 8 | Haven | $9 | 86 |
| 9 | Bestow | $30 | 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 Hillsboro, Protective offers the best cheap term life insurance for both men and women, with a MoneyGeek score of 92 and average monthly premiums of $10 and $8, respectively. Best cheap term life insurance premiums are influenced by factors such as age, health, coverage amount and term length.
To secure the lowest premiums, maintain excellent health, choose a shorter term, and opt for the necessary coverage amount. Protective's high MoneyGeek score is due to its affordability, customer satisfaction, and financial stability, making it a strong choice for those seeking the best cheap term life insurance in Hillsboro.
| 1 | Protective | $10 | 92 |
| 2 | Mutual of Omaha | $10 | 92 |
| 3 | Allstate | $10 | 91 |
| 4 | Nationwide | $13 | 89 |
| 5 | AAA | $13 | 88 |
| 6 | Prudential | $15 | 85 |
| 7 | Haven | $15 | 84 |
| 8 | State Farm | $21 | 82 |
The average monthly cost of term life insurance premiums in Hillsboro is $21 for men and $15 for women. These figures highlight the typical expenses residents might expect when purchasing life insurance in the area.
Many factors affect life insurance premiums. These include age, health, lifestyle, occupation, and the amount of coverage. Each of these elements can significantly influence the cost of a policy.
In Hillsboro, the cost of life insurance might be higher or lower compared to the rest of Oregon due to several reasons. Regional health statistics, local economic conditions, and average life expectancy can all play a role in determining premiums.
For instance, if Hillsboro has better health outcomes or a higher life expectancy, premiums might be lower. Conversely, if the local economy is struggling, insurers might charge higher premiums to offset potential risks. Understanding these factors can help consumers make informed decisions about their life insurance needs.
Protective offers the best life insurance for men in Hillsboro with the highest MoneyGeek score. Their comprehensive coverage and high customer satisfaction make them a top choice.
The monthly premium cost for the best life insurance for men in Hillsboro is $20. This cost reflects the comprehensive coverage offered by Protective.
Protective is the best life insurance provider for women in Hillsboro. With the highest MoneyGeek score, they offer affordable and reliable coverage.
The monthly premium cost for the best life insurance for women in Hillsboro is $14. Protective offers this affordable rate for comprehensive coverage.
Life insurance in Hillsboro is similar to the rest of Oregon, but local factors like cost of living and health trends can influence choices. For instance, Protective's high ratings in Hillsboro reflect local customer satisfaction and affordability.
If a life insurance company goes bankrupt in Hillsboro, policyholders are typically protected by state guaranty associations. These associations help ensure that coverage continues or that policyholders receive compensation.
Hillsboro residents might need life insurance for financial security, to cover debts, or to ensure their families are provided for in case of unexpected events. Life insurance can also help with estate planning and final expenses.
To find a lost life insurance policy in Hillsboro, start by checking with the deceased's financial advisors, employers, and insurance agents. You can also contact the Oregon Division of Financial Regulation for assistance.
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.
