Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance provider in Joliet, Illinois, for men and women. The company has a MoneyGeek score of 92 for both genders. The average monthly premium is $21 for women and $28 for men. The score and premiums are based on a 20-year term policy with $500,000 coverage.
You should consider different factors when deciding 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 Joliet, Illinois.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceJoliet, ILBest Life Insurance Companies in Joliet
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 Joliet for men and women, with a MoneyGeek score of 92 out of 100 for both. Its average monthly premium is $28 for men and $21 for women, offering a balance of cost and quality.
Top providers for men:
Top providers for women:
Protective stands out due to its high MoneyGeek score and affordability. These attributes make it an excellent choice for the average individual seeking life insurance in Joliet.
In Joliet, Protective is the premier choice for life insurance for men and women, with a MoneyGeek score of 92 for each. Women enjoy an average monthly premium of $21, while men have a slightly higher rate at $28. Protective ensures high customer satisfaction and affordability, making it a reliable option for life insurance seekers.
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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 stands out for men and women in Joliet seeking the best term life insurance. Its MoneyGeek score is 92 for both genders. Its average monthly premium is $14 for men and $11 for women. This company offers a balance of affordability, customer satisfaction and financial stability.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides a death benefit to the policyholder's beneficiaries if the policyholder passes away within a set term. For example, a parent might purchase a 20-year term policy to ensure their child's education expenses are covered in the event of their untimely death. When selecting the best term life insurance, consider factors like the length of coverage and the death benefit amount in relation to your financial needs.
In Joliet, men and women seeking the best term life insurance can turn to Protective, with a MoneyGeek score of 92 for both. The company offers men an average monthly premium of $14, while women pay around $11. It is a top choice for affordability and customer satisfaction.
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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 Joliet, Protective stands out with a MoneyGeek score of 92 for men and women. It offers a strong combination of affordability, customer satisfaction and financial stability, making it a solid choice for individuals looking for reliable coverage.
Top whole life companies for men in Joliet:
Top whole life companies for women in Joliet:
Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire life, offering a fixed premium and a guaranteed death benefit. This can be particularly appealing for those who want predictability and the ability to build cash value over time. Choosing whole life insurance can be a strategic move for those who value long-term security and the potential to accumulate cash value.
Protective is the premier choice for whole life insurance in Joliet, with a MoneyGeek score of 92 for men and women. The company's consistent performance across various metrics underscores its commitment to customer satisfaction and affordability.
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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 Joliet, with a MoneyGeek score of 91 for men and women. Protective offers a robust policy that meets the needs of the average individual seeking life insurance coverage with flexibility and the potential for cash value growth.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance provides a death benefit and a savings component that can accumulate cash value over time. For example, someone might choose universal life insurance if they desire a flexible premium structure and the ability to use the policy's cash value to help fund retirement or other long-term financial goals.
In Joliet, Protective is the top provider of universal life insurance for men and women, with a MoneyGeek score of 91 for both. This accolade reflects the company's commitment to customer satisfaction and financial stability, ensuring policyholders receive quality service and reliable coverage.
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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.
In Joliet, Protective provides the best no-medical-exam life insurance for men and women, with a MoneyGeek score of 91 for each. This score indicates a strong 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.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance with no mandatory medical exam allows individuals to obtain coverage more quickly and without the potential barriers of a medical screening. For example, someone with a busy schedule or a fear of medical exams might choose this insurance to ensure they can secure coverage in a timely and stress-free manner.
For men and women in Joliet, Protective is the premier choice for life insurance without a required medical exam. With a MoneyGeek score of 91 for both genders, the company demonstrates a strong commitment to customer satisfaction and affordability.
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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 Joliet residents seeking the best term life insurance for seniors, Protective stands out with a MoneyGeek score of 92 for men and 91 for women. Men can expect an average monthly premium of $61, while women receive a monthly premium of about $51.
Age influences life insurance premiums, with costs typically rising as policyholders get older. Protective's top scores reflect its excellence in customer satisfaction, buying process, financial stability and product diversity. These factors contribute to its reputation as a reliable choice for seniors looking to secure their future.
| 1 | Protective | $61 | 92 |
| 2 | Mutual of Omaha | $68 | 91 |
| 3 | Nationwide | $62 | 90 |
| 4 | AAA | $79 | 88 |
| 5 | Prudential | $58 | 88 |
| 6 | Transamerica | $74 | 87 |
| 7 | Allstate | $88 | 86 |
| 8 | State Farm | $118 | 84 |
| 9 | Haven | $116 | 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 Joliet, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 90 for men and 88 for women. Men can expect an average monthly premium of $66, while women are quoted $59.
Smoking is a key factor in determining life insurance premiums due to the associated health risks, which can lead to higher costs for smokers. Mutual of Omaha's high score reflects its strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity. This comprehensive approach ensures that smokers in Joliet can secure reliable coverage that meets their needs.
| 1 | Mutual of Omaha | $66 | 90 |
| 2 | Nationwide | $69 | 89 |
| 3 | AAA | $71 | 88 |
| 4 | Protective | $90 | 88 |
| 5 | Prudential | $51 | 88 |
| 6 | Transamerica | $64 | 87 |
| 7 | State Farm | $85 | 85 |
| 8 | Allstate | $83 | 85 |
| 9 | Haven | $106 | 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 Joliet, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premium is $8 for men and $7 for women. Protective's high MoneyGeek score reflects its strong performance in affordability, customer satisfaction and financial stability.
Age is a key factor in determining life insurance premiums, with younger individuals often benefiting from lower rates. For young adults in Joliet, choosing Protective means securing reliable coverage at a competitive price.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $10 | 89 |
| 4 | AAA | $11 | 88 |
| 5 | Transamerica | $11 | 87 |
| 6 | Prudential | $11 | 86 |
| 7 | Haven | $12 | 85 |
| 8 | Allstate | $16 | 84 |
| 9 | State Farm | $19 | 84 |
| 10 | Bestow | $17 | 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 those seeking the best cheap term life insurance in Joliet, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premium is $11 for women and $14 for men. Protective's high MoneyGeek score is due to its affordability, customer satisfaction and financial stability.
Factors such as age, health rating, coverage amount and term length influence the cost of premiums. To get the lowest premiums, maintain a healthy lifestyle, choose the right coverage amount and consider a shorter term length.
| 1 | Protective | $14 | 92 |
| 2 | Nationwide | $16 | 91 |
| 3 | Mutual of Omaha | $16 | 90 |
| 4 | AAA | $18 | 89 |
| 5 | Transamerica | $17 | 88 |
| 6 | Prudential | $17 | 88 |
| 7 | Haven | $21 | 84 |
| 8 | Allstate | $24 | 84 |
| 9 | State Farm | $30 | 82 |
The average monthly premium for term life insurance in Joliet is $21 for women and $28 for men.
Many factors affect the cost of life insurance premiums. These include age, health, lifestyle and the amount of coverage. Insurers also consider occupational risks and family medical history.
In Joliet, the cost of life insurance might be higher or lower than in other parts of Illinois for several reasons. Regional health statistics can impact premiums. For instance, areas with higher average health risks might see higher insurance costs. The local cost of living and economic conditions can also play a role. Additionally, the competitive landscape of the insurance market in Joliet can influence premium rates. Understanding these factors can help consumers make informed decisions when purchasing life insurance.
Protective has the best life insurance for men in Joliet, with a MoneyGeek score of 92 out of 100. This score indicates a strong performance in various aspects, such as affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for men in Joliet is $28. This cost is based on Protective's policy, which offers a good balance of affordability and comprehensive coverage.
Protective has the best life insurance for women in Joliet. Its MoneyGeek score of 92 out of 100 ensures that women receive the best possible coverage and customer service.
The average monthly premium for the best life insurance for women in Joliet is $21. Protective offers this rate, which combines affordability with a high level of service and coverage.
Life insurance in Joliet is similar to the rest of Illinois in terms of coverage options and costs. However, local factors like population health trends and regional economic conditions can influence premium rates and policy availability.
If a life insurance company goes bankrupt in Joliet, state guaranty associations typically step in to protect policyholders. These associations ensure that policies are honored up to certain limits, providing a safety net for consumers.
Joliet residents might need life insurance to provide financial security for their families. Life insurance can cover expenses such as mortgages, education and daily living costs, ensuring that loved ones are protected in case of an untimely death.
To find a lost life insurance policy in Joliet, contact the insurance company directly or reach out to the Illinois Department of Insurance. They can assist in locating the policy and ensuring that beneficiaries receive the benefits.
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.
