Updated: November 21, 2024
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The best life insurance provider in Lakewood, Colorado for both men and women is Protective. It has the highest MoneyGeek score of 92. The monthly premium cost is $28 for women and $29 for men.
These scores and premium costs are based on a 20-year term policy and $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 Lakewood, Colorado.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceLakewood, COBest Life Insurance Companies in Lakewood
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 Lakewood for men and women, with a MoneyGeek score of 92 out of 100 and a monthly premium of $29 for men and $28 for women.
The top providers for women are:
The top providers for women are:
Protective is the best choice for the average individual looking to purchase life insurance in Lakewood due to its high MoneyGeek score, which reflects a strong balance of affordability, customer satisfaction and financial stability.
In Lakewood, Protective stands out as the premier choice for life insurance, catering to men and women. With a MoneyGeek score of 92, Protective offers monthly premiums at an affordable rate of $28 for women and $29 for men.
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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 Lakewood, Protective stands out for men and women, with a MoneyGeek score of 92 and a monthly premium of $14 for men and $15 for women. This high score reflects the company's commitment to affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Term life insurance offers a predetermined coverage period, which is ideal for those who need financial protection for a specific time frame. For example, parents may opt for term life insurance to ensure their children's educational expenses are covered until they graduate.
Protective is the top provider for term life insurance for women and men in Lakewood, offering a commendable balance of value and reliability. With a MoneyGeek score of 92 for both and a monthly premium of $15 for women ($14 for men), it's a leading choice for those seeking financial security without overstretching their budget.
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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 best provider of best whole life insurance in Lakewood with a MoneyGeek score of 92 for men and women. This high score indicates that Protective offers a well-rounded package of affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire lifetime. It can be an attractive option for those seeking a stable, long-term financial planning tool. For example, an individual might choose whole life insurance over term insurance to ensure they have a guaranteed death benefit and cash value accumulation that can serve as a form of savings or financial safety net for their family.
In Lakewood, Protective stands out as the premier choice for whole life insurance, catering to men and women with an impressive MoneyGeek score of 92. This top ranking reflects the company's commitment to excellence across multiple dimensions of service and value.
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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.
For those seeking the best universal life insurance in Lakewood, Protective stands out as the top provider for men and women, with a MoneyGeek score of 91. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a reliable choice for universal life insurance coverage.
The top providers for men are:
The top providers for women are:
Universal life insurance offers flexible premiums and the potential for cash value growth, making it a versatile option for long-term financial planning. For example, someone might choose universal life insurance to have the ability to adjust their coverage as their financial situation changes over time.
Protective stands out as the best universal life insurance provider in Lakewood for men and women. With a MoneyGeek score of 91 for both genders, it demonstrates a strong commitment to customer satisfaction and value. Here's why Protective makes a wise choice for your insurance needs:
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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.
For those seeking the best life insurance without a required medical exam in Lakewood, Protective stands out with the highest MoneyGeek score of 91 for men and women. This score reflects Protective's strong performance across affordability, customer satisfaction and buying process.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance offers a quick and convenient way to secure coverage, ideal for those who may have health concerns or a busy lifestyle. For example, a self-employed individual with a tight schedule might choose no medical exam insurance to expedite the process and avoid the potential delays of a traditional medical assessment.
In Lakewood, Protective stands out as the premier choice for no-medical-exam life insurance for men and women, boasting MoneyGeek scores of 91 for each. This high rating reflects the company's commitment to customer satisfaction and affordable coverage options, making it a reliable selection for 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 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 seniors in Lakewood seeking the best term life insurance for seniors, Protective stands out with the highest MoneyGeek scores for men and women. It scores of 92 for men, with a monthly premium of $63. It scores 91 for women, with a $66 premium.
Age is a determining factor in life insurance costs, with premiums typically rising as policyholders age. Protective's leading scores reflect its strong customer satisfaction, buying process and financial stability, which are pivotal when selecting a reliable insurance provider.
| 1 | Protective | $63 | 92 |
| 2 | Mutual of Omaha | $71 | 91 |
| 3 | Nationwide | $64 | 90 |
| 4 | AAA | $82 | 88 |
| 5 | Allstate | $70 | 88 |
| 6 | Prudential | $62 | 88 |
| 7 | Transamerica | $78 | 87 |
| 8 | State Farm | $111 | 85 |
| 9 | Haven | $123 | 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 Lakewood, Mutual of Omaha stands out for men seeking the best term life insurance for smokers, with a MoneyGeek score of 91 and an average monthly premium of $40. Women who smoke could fare best with Allstate, earning a score of 89 and a monthly cost of approximately $30.
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 and Allstate'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 | $70 | 90 |
| 2 | Nationwide | $73 | 89 |
| 3 | AAA | $75 | 88 |
| 4 | Protective | $96 | 88 |
| 5 | Prudential | $55 | 88 |
| 6 | Transamerica | $68 | 87 |
| 7 | State Farm | $92 | 85 |
| 8 | Allstate | $114 | 84 |
| 9 | Haven | $114 | 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.
The best term life insurance for young adults, in Lakewood is offered by Protective, with a MoneyGeek score of 92 and a monthly premium of $9.
Age plays a crucial role in determining life insurance premiums. Younger individuals usually benefit from lower premiums due to their generally better health and lower risk profiles. Protective's high MoneyGeek score reflects its strong customer satisfaction, financial stability and affordability.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $11 | 89 |
| 4 | AAA | $12 | 88 |
| 5 | Allstate | $11 | 87 |
| 6 | Transamerica | $11 | 86 |
| 7 | Prudential | $12 | 85 |
| 8 | Haven | $13 | 84 |
| 9 | State Farm | $18 | 84 |
| 10 | Bestow | $18 | 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.
The best cheap term life insurance in Lakewood for men and women is offered by Protective, with a MoneyGeek score of 92 and a monthly premium of $14 for men and $15 for women.
Several factors influence the cost of life insurance premiums. These include age, health, coverage amount and term length. Younger and healthier individuals typically pay lower premiums. To get the lowest premiums possible, maintain a healthy lifestyle, choose a term length that fits your needs and avoid smoking.
Protective earns the highest MoneyGeek score due to its affordability, customer satisfaction and financial stability. This makes it a strong choice for anyone seeking the best cheap term life insurance in Lakewood.
| 1 | Protective | $14 | 92 |
| 2 | Nationwide | $17 | 91 |
| 3 | Mutual of Omaha | $17 | 90 |
| 4 | Allstate | $17 | 89 |
| 5 | AAA | $19 | 88 |
| 6 | Transamerica | $18 | 88 |
| 7 | Prudential | $18 | 87 |
| 8 | Haven | $23 | 83 |
| 9 | State Farm | $28 | 82 |
The average monthly premium for term life insurance in Lakewood is $26 for women and $28 for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation, and the amount of coverage chosen. Each of these elements can influence the risk profile assessed by insurance companies.
In Lakewood, the cost of life insurance might be different from the rest of Colorado due to various local factors. These can include local health statistics, economic conditions, crime rates and environmental factors. For example, higher local healthcare costs or a higher crime rate might lead to increased premiums, while a healthier population or lower living costs might result in lower premiums.
Protective offers the best life insurance for men in Lakewood. The company has a MoneyGeek score of 92. This score is based on affordability, customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for men in Lakewood is $29. This rate applies to men aged 31 to 40 with excellent health, non-tobacco users and a coverage range of $250K to $500K.
Protective offers the best life insurance for women in Lakewood. The company has a MoneyGeek score of 92. This score is based on affordability, customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for women in Lakewood is $27. This rate applies to women aged 31 to 40 with excellent health, non-tobacco users and a coverage range of $250K to $500K.
Life insurance in Lakewood is similar to the rest of Colorado in terms of rates and coverage options. However, local factors such as cost of living and health statistics can influence premiums. For instance, Lakewood's specific demographics and health trends might slightly affect insurance rates.
If a life insurance company goes bankrupt in Lakewood, policyholders are generally protected by state guaranty associations. These associations step in to cover claims up to certain limits. It ensures that policyholders do not lose their coverage or benefits.
Lakewood residents might need life insurance for several reasons. It provides financial security for their families, covers outstanding debts, and ensures children's education. Life insurance can also help with estate planning and covering final expenses.
To find a lost life insurance policy in Lakewood, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the insurance company directly. State insurance departments and online databases may also assist in locating a lost policy.
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.
