Updated: November 21, 2024
Advertising & Editorial Disclosure
For women in Lansing, Michigan, the best life insurance provider is Protective, with a MoneyGeek score of 92 and an average monthly premium of $18. For men, the top provider is Mutual of Omaha with a MoneyGeek score of 91 and an average monthly premium of $23.
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 Lansing, Michigan.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceLansing, MIBest Life Insurance Companies in Lansing
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.
Mutual of Omaha offers the best life insurance for men in Lansing, with a MoneyGeek score of 91 and a monthly premium of $23. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $18.
Top providers for men:
Top providers for women:
With top scores and competitive premiums, these companies provide reliable options for life insurance seekers in Lansing.
In Lansing, Mutual of Omaha leads as the best life insurance provider for men, getting a MoneyGeek score of 91, with an average $23 monthly premium. Protective is the best for women, with a MoneyGeek score of 92 and a monthly premium of about $18. Consumers can confidently choose either company, knowing they provide quality life insurance options for their needs.
Pros:
Cons:
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.
The best term life insurance in Lansing for men is Mutual of Omaha, with a MoneyGeek score of 92 and an average monthly premium of $10. women can go for Protective as its offerings are about $9 per month and received a MoneyGeek score of 91. Both are excellent choices for those who want comprehensive coverage and reliable service.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy that covers a specified term and offers a death benefit if the insured passes away during the term. It's often chosen for its simplicity and lower cost than permanent life insurance. For example, a parent might opt for term life insurance to fund their child's education should anything happen to them.
For men seeking the best term life insurance in Lansing, Mutual of Omaha stands out, with a MoneyGeek score of 92 and a monthly premium of an estimated $10.
Pros:
Cons:
Protective is the premier choice for women seeking the best term life insurance in Lansing, boasting a MoneyGeek score of 91. Its monthly premium of about $9 offers value and security.
Pros:
Cons:
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 Lansing, Protective provides the best whole life insurance for both men and women, with a MoneyGeek score of 92. Protective ensures clients access to a top-rated policy that balances cost, customer satisfaction and financial stability.
Top whole life companies in Lansing:
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.
In Lansing, Michigan, Protective is the leading provider of whole life insurance for both men and women, earning a MoneyGeek score of 92.
Pros:
Cons:
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.
The best universal life insurance in Lansing for men and women is Protective, with a MoneyGeek score of 91. Protective is a reliable choice for Lansing residents seeking life insurance coverage.
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.
In Lansing, Protective is the top choice for universal life insurance for men and women, receiving an impressive MoneyGeek score of 91. This score reflects the company's commitment to quality service and reliable coverage.
Pros:
Cons:
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 leads as the best no-medical-exam life insurance provider in Lansing, scoring an impressive 91 for men and women. Its MoneyGeek score reflects Protective's reliable and customer-centric service.
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.
For those seeking life insurance with no mandatory medical exam in Lansing, Protective is the premier choice for men and women, getting a MoneyGeek score of 91.
Pros:
Cons:
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.
The best term life insurance for seniors In Lansing is Mutual of Omaha for men, with a MoneyGeek score of 92 and a monthly premium of around $40. Protective leads for women with a score of 91 and a premium of $39.
Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Mutual of Omaha's and Protective's high MoneyGeek scores reflect their commitment to affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $40 | 92 |
| 2 | Protective | $46 | 91 |
| 3 | Nationwide | $39 | 91 |
| 4 | Transamerica | $48 | 87 |
| 5 | Prudential | $48 | 86 |
| 6 | AAA | $66 | 86 |
| 7 | Allstate | $71 | 85 |
| 8 | State Farm | $78 | 84 |
| 9 | Haven | $73 | 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 Lansing, Mutual of Omaha provides the best term life insurance for smokers. It has a MoneyGeek score of 91 for men and 89 for women, with monthly premiums of about $22 and $23, 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 | $22 | 91 |
| 2 | Nationwide | $27 | 89 |
| 3 | Transamerica | $20 | 88 |
| 4 | Protective | $33 | 88 |
| 5 | Prudential | $21 | 87 |
| 6 | State Farm | $29 | 86 |
| 7 | AAA | $40 | 85 |
| 8 | Allstate | $35 | 84 |
| 9 | Haven | $38 | 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 the best term life insurance for young adults in Lansing, Mutual of Omaha stands out with a MoneyGeek score of 92 and an average monthly premium of $6 for men. Protective earned the top spot for women, scoring 92 with 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 | $6 | 92 |
| 2 | Protective | $7 | 92 |
| 3 | Nationwide | $7 | 90 |
| 4 | AAA | $10 | 88 |
| 5 | Transamerica | $7 | 88 |
| 6 | Haven | $8 | 86 |
| 7 | Allstate | $11 | 86 |
| 8 | Prudential | $10 | 85 |
| 9 | State Farm | $13 | 85 |
| 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 men, Nationwide offers the best cheap term life insurance in Lansing, with a MoneyGeek score of 92 and a monthly premium of about $11. For women, Protective leads with a MoneyGeek score of 91 and a premium of $9.
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 | $11 | 92 |
| 2 | Mutual of Omaha | $10 | 92 |
| 3 | Protective | $11 | 91 |
| 4 | Transamerica | $12 | 89 |
| 5 | AAA | $16 | 86 |
| 6 | Prudential | $15 | 86 |
| 7 | Haven | $14 | 85 |
| 8 | Allstate | $18 | 84 |
| 9 | State Farm | $21 | 82 |
The average monthly premium for term life insurance in Lansing is $18 for women and $21 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 Lansing might be higher or lower than in the rest of Michigan for several reasons. Regional economic factors, local health statistics and the level of competition among providers in the area can play a role.
Always consider your circumstances and the specific conditions of your area when evaluating your options.
Mutual of Omaha has the best life insurance in Lansing for men, with a MoneyGeek score of 91.
The average monthly premium for the best life insurance for men in Lansing, provided by Mutual of Omaha, is $23.
Protective offers women the best life insurance in Lansing, with a MoneyGeek score 92.
The average monthly premium for the best life insurance for women in Lansing, provided by Protective, is $18.
Life insurance in Lansing is similar to the rest of Michigan in terms of available options and costs. However, local factors such as company presence and customer service experiences can vary. For example, Lansing residents may interact differently with local agents than residents of other cities.
If a life insurance company goes bankrupt in Lansing, policies are typically protected by state guaranty associations. These associations ensure that policyholders receive coverage up to certain limits. It's important to understand the specific protections Michigan's guaranty association offers.
Lansing residents may need life insurance to provide financial security for their families, cover outstanding debts, or fund future expenses such as college tuition. Life insurance can offer peace of mind by protecting loved ones from financial hardship.
To find a lost life insurance policy in Lansing, check with the deceased's financial advisors, employers or attorneys. You can also contact the Michigan Department of Insurance and Financial Services or use online tools like the National Association of Insurance Commissioners' policy locator service.
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.
