Updated: November 21, 2024
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Protective is the best life insurance provider for women in Independence, Missouri, with a MoneyGeek score of 92 and a monthly premium of $17. For men, Mutual of Omaha stands out with a MoneyGeek score of 91 and a monthly premium of $29.
These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Different factors come into play when deciding on the right 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 Independence, Missouri.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceIndependence, MBest Life Insurance Companies in Independence
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 is the top life insurance provider for women in Independence with a MoneyGeek score of 92 out of 100 at $17 per month. For men, Mutual of Omaha and Protective both have the highest MoneyGeek score of 91 out of 100, with monthly premiums of $29 and $28 respectively.
The top providers for men are:
The top providers for women are:
Protective and Mutual of Omaha offer competitive MoneyGeek scores and affordable premiums. Their high scores reflect strong customer satisfaction, financial stability and product diversity, ensuring reliable coverage.
In Independence, Missouri, Mutual of Omaha stands out for men with a score of 64 and a monthly premium of $29. It excels in customer satisfaction and financial stability.
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In Independence, Missouri, Protective leads for women with a MoneyGeek score of 68 and a monthly premium of $17. It excels in customer satisfaction and financial stability, offering reliable coverage options at competitive prices.
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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.
For those seeking the best term life insurance in Independence, Mutual of Omaha stands out for men with a MoneyGeek score of 92 at $12 per month, while Protective leads for women with the same score at $9 per month.
The top providers for men are:
The top providers for women are:
Term life insurance offers a straightforward protection plan for a specific period, making it an ideal choice for those who want coverage during their most financially vulnerable years. For example, a parent might choose term insurance to ensure their child's education costs are covered in the event of an untimely passing.
Mutual of Omaha is the best term life insurance provider for men in Independence, with a MoneyGeek score of 92 and a monthly premium of $12.
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With a MoneyGeek score of 92, Protective stands out as the premier choice for term life insurance for women in Independence. At a monthly premium of $9, Protective offers a blend of value and 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.
In Independence, Protective provides the best whole life insurance for men and women, with a MoneyGeek score of 92. When selecting a policy, customers can trust Protective's balance of affordability, customer satisfaction, financial stability and product diversity.
The top providers for men are:
The top providers for women are:
Whole life insurance is a permanent policy that provides coverage for the policyholder's entire life, as opposed to term life insurance that covers a specific period. For instance, someone may opt for whole life insurance to ensure their family's financial stability no matter when they pass away, while also accumulating a cash value that can be borrowed against.
Protective emerges as the best whole life insurance provider in Independence for men and women, boasting a MoneyGeek score of 92. This score reflects the company's dedication to customer satisfaction 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.
When searching for the best universal life insurance in Independence, Protective stands out with a MoneyGeek score of 91 for men and women. This high score indicates that Protective is well-suited due to its balance of affordability, customer satisfaction, financial stability and product diversity.
The top providers for men are:
The top providers for women are:
Universal life insurance provides flexibility in premium payments and potential cash value growth, making it a compelling choice for those who want long-term financial planning and insurance coverage. For instance, someone might choose universal life insurance to have the option to adjust their premiums based on their financial situation while still maintaining a death benefit.
For residents of Independence seeking the best universal life insurance, Protective emerges as the leading choice for men and women, with a MoneyGeek score of 91 for both.
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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 company stands out as the provider of the best life insurance without a required medical exam in Independence for men and women, with a MoneyGeek score of 91 for both. This score reflects a blend of factors such as affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance is a policy that grants coverage without requiring a medical check-up. This type of insurance may be preferable for someone who needs quick coverage or has a condition that could complicate the underwriting process.
In Independence, Protective emerges as the premier choice for no-medical-exam life insurance for men and women, with a MoneyGeek scores of 91 for both. This reflects a balanced offering that caters to the needs of a diverse clientele, ensuring coverage is accessible and reliable.
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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 Independence, Mutual of Omaha provides the best term life insurance for seniors for men with a MoneyGeek score of 91, offering a monthly premium of $50. For women, Protective leads with a score of 92 and a monthly premium of $38.
Age is a determining factor in life insurance premiums; as individuals age, the likelihood of health issues increases, which is reflected in higher premium costs. The high MoneyGeek scores for these companies indicate a strong combination of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $50 | 91 |
| 2 | Protective | $57 | 91 |
| 3 | Nationwide | $48 | 90 |
| 4 | Allstate | $47 | 89 |
| 5 | Transamerica | $58 | 87 |
| 6 | Prudential | $60 | 86 |
| 7 | AAA | $88 | 85 |
| 8 | State Farm | $87 | 85 |
| 9 | Haven | $91 | 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.
The best term life insurance for smokers in Independence is from Mutual of Omaha, with the highest MoneyGeek score of 90 for men and 89 for women. Men can expect a monthly premium of $27, while women are quoted $22.
Smoking influences life insurance premiums due to the associated health risks, which can lead to higher costs. The leading scores for Mutual of Omaha reflect a balance of affordability, customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $27 | 90 |
| 2 | Allstate | $21 | 89 |
| 3 | Nationwide | $32 | 88 |
| 4 | Protective | $39 | 88 |
| 5 | Transamerica | $24 | 88 |
| 6 | Prudential | $27 | 86 |
| 7 | State Farm | $37 | 85 |
| 8 | AAA | $48 | 85 |
| 9 | Haven | $46 | 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 men, Mutual of Omaha offers the best term life insurance for young adults in Independence with a MoneyGeek score of 92 and a monthly premium of $8. For women, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $5.
Age is a crucial factor in determining life insurance premiums. Younger adults typically pay lower premiums due to their lower risk profile. Mutual of Omaha and Protective have high MoneyGeek scores due to their strong customer satisfaction, financial stability and affordability.
| 1 | Mutual of Omaha | $8 | 92 |
| 2 | Protective | $8 | 92 |
| 3 | Nationwide | $9 | 90 |
| 4 | Allstate | $9 | 88 |
| 5 | Transamerica | $9 | 88 |
| 6 | AAA | $13 | 87 |
| 7 | Haven | $10 | 86 |
| 8 | State Farm | $15 | 86 |
| 9 | Prudential | $12 | 85 |
| 10 | Bestow | $21 | 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 the best cheap term life insurance in Independence, Protective stands out with a MoneyGeek score of 92 and monthly premiums of $13 for women and $15 for men. Protective's high scores in affordability, customer satisfaction, and financial stability make it the top choice.
Factors affecting life insurance premiums include age, health and the amount of coverage. To get the lowest premiums, maintain a healthy lifestyle, choose a suitable coverage amount and compare different providers.
| 1 | Mutual of Omaha | $12 | 92 |
| 2 | Nationwide | $13 | 92 |
| 3 | Protective | $13 | 91 |
| 4 | Allstate | $13 | 90 |
| 5 | Transamerica | $14 | 89 |
| 6 | AAA | $21 | 85 |
| 7 | Haven | $17 | 84 |
| 8 | Prudential | $18 | 84 |
| 9 | State Farm | $23 | 82 |
The average monthly premium for term life insurance in Independence is $17 for women and $25 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, coverage amount, policy term and occupation.
In Independence, the cost of life insurance may be differnt from the rest of Missouri due to local economic conditions and risk factors. For instance, regional healthcare costs, average life expectancy, and even local crime rates can affect insurance premiums.
Mutual of Omaha offers the best life insurance in Independence for men. Its MoneyGeek score is the highest among the companies evaluated.
The monthly premium cost for the best life insurance for men in Independence, provided by Mutual of Omaha, is $29.
Protective provides the best life insurance in Independence for women. Its MoneyGeek score is the highest, making them the preferred option for female policyholders.
The monthly premium cost for the best life insurance for women in Independence, offered by Protective, is $17.
Life insurance in Independence may differ from the rest of Missouri in terms of premium costs and company rankings. For example, the best life insurance companies for men and women in Independence are Mutual of Omaha and Protective, respectively. These companies may not hold the same rankings statewide.
If a life insurance company goes bankrupt in Independence, state guaranty associations typically step in to protect policyholders. These associations provide coverage up to certain limits, ensuring that policyholders are not left without benefits.
Independence residents might need life insurance to provide financial security for their families, cover debts and ensure that final expenses are managed. Life insurance can also serve as an investment tool or help in estate planning.
To find a lost life insurance policy in Independence, start by checking personal records, contacting the deceased's financial advisors, and reaching out to the insurance company. State insurance departments and online databases can also assist in locating 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.
