Updated: November 22, 2024
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For women, the best life insurance company in Lexington-Fayette, Kentucky, is Protective. It has a MoneyGeek score of 92 and an average monthly premium of $18. For men, the top choice is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $26.
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 Lexington-Fayette, Kentucky.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceLexington-FayetBest Life Insurance Companies in Lexington-Fayette
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 Lexington-Fayette for women with a MoneyGeek score of 92 and an average monthly premium of $18. Mutual of Omaha ranks highest for men with a MoneyGeek score of 91 and an average monthly premium of $26.
Top providers for men:
Top providers for women:
Protective and Mutual of Omaha provide a balance of affordability, customer satisfaction and financial stability.
For women seeking life insurance in Lexington-Fayette, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $18. Men find their top choice in Mutual of Omaha, scoring 91 for $26.
Protective
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Mutual of Omaha
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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.
Mutual of Omaha is a solid choice for the best term life insurance in Lexington-Fayette for men, scoring 92 with an average monthly premium of $11. Meanwhile, Protective leads for women, with a MoneyGeek score of 91 for $9. Both companies balance 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 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.
Mutual of Omaha is the premier choice for men in Lexington-Fayette for the best term life insurance. It received a MoneyGeek score of 92 with an average monthly premium of just $11.
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For women in Lexington-Fayette looking for reliable term life insurance, Protective lands at the top. With a MoneyGeek score of 92 and an average monthly premium of $9, it offers value and security to its policyholders.
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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 Lexington-Fayette, Protective is the provider of the best whole life insurance for both men and women, with a MoneyGeek score of 92. It's a reliable choice for individuals who value a comprehensive insurance package.
Top whole life companies in Lexington-Fayette:
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 Lexington-Fayette, Protective is the premier choice for whole life insurance for both men and women. Its MoneyGeek score of 92 shows its commitment to excellence across key categories.
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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 Lexington-Fayette, Protective is the top provider for both men and women. Its MoneyGeek score of 91 reflects its robust package that balances affordability, customer satisfaction and financial stability.
Best universal life insurance for men and women:
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.
Protective is the leading choice for universal life insurance for men and women, with a MoneyGeek score of 91. This reflects a strong alignment with consumer needs regarding service and product quality.
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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 stands as the top provider of the best no-medical-exam life insurance in Lexington-Fayette, with a MoneyGeek score of 91 for both men and women.
Top providers for no-medical-exam life insurance in Lexington-Fayette:
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.
In Lexington-Fayette, Protective provides the best life insurance with no mandatory medical exam, with a MoneyGeek score of 91 for both men and women. This score reflects the company's commitment to customer satisfaction and financial strength.
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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 Lexington-Fayette, Mutual of Omaha is the best term life insurance for seniors. Its MoneyGeek scores are 67 for men and 91 for women, with average monthly premiums of $43 and $39, respectively.
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 MoneyGeek score reflects its commitment to affordability, customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $43 | 92 |
| 2 | Nationwide | $42 | 91 |
| 3 | Protective | $59 | 90 |
| 4 | Allstate | $49 | 88 |
| 5 | Transamerica | $45 | 88 |
| 6 | Prudential | $47 | 87 |
| 7 | AAA | $68 | 87 |
| 8 | State Farm | $74 | 85 |
| 9 | Haven | $93 | 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.
For both men and women seeking the best term life insurance for smokers in Lexington-Fayette, Mutual of Omaha is the top choice. It received MoneyGeek scores of 91 for men and 89 for women, with average monthly premiums of $25 and $22, 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 | $25 | 91 |
| 2 | Nationwide | $30 | 88 |
| 3 | Transamerica | $22 | 88 |
| 4 | Protective | $36 | 88 |
| 5 | Prudential | $25 | 87 |
| 6 | State Farm | $34 | 86 |
| 7 | Allstate | $33 | 86 |
| 8 | AAA | $45 | 85 |
| 9 | Haven | $43 | 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 Lexington-Fayette, Protective received the highest MoneyGeek score of 92. Its average monthly premium is $7 for men and $6 for women.
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 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $7 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | Allstate | $8 | 89 |
| 5 | Transamerica | $8 | 88 |
| 6 | AAA | $12 | 87 |
| 7 | Haven | $9 | 86 |
| 8 | State Farm | $14 | 85 |
| 9 | Prudential | $12 | 85 |
| 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 Lexington-Fayette is Mutual of Omaha for men with a MoneyGeek score of 92 and an average monthly premium of $11. Protective leads for women with a MoneyGeek score of 91 and an average monthly 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 | Mutual of Omaha | $11 | 92 |
| 2 | Nationwide | $13 | 92 |
| 3 | Protective | $12 | 91 |
| 4 | Allstate | $12 | 90 |
| 5 | Transamerica | $13 | 89 |
| 6 | Prudential | $16 | 85 |
| 7 | Haven | $16 | 84 |
| 8 | AAA | $19 | 84 |
| 9 | State Farm | $21 | 82 |
The average monthly premium for term life insurance in Lexington-Fayette is $18 for women and $23 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 Lexington-Fayette might differ from the rest of Kentucky due to local health statistics, economic conditions, specific regional risk factors and other reasons. For example, premiums might be higher if a region has higher health care costs or a higher case of certain health conditions. Conversely, areas with lower living costs or better overall health statistics might see lower premiums.
Always consider your circumstances and the specific conditions of your area when evaluating your options.
Mutual of Omaha is the best life insurance company for men in Lexington-Fayette. This conclusion is based on the highest MoneyGeek score, which reflects overall quality and value.
The average monthly premium for the best life insurance for men in Lexington-Fayette is $26.
Protective offers the best life insurance for women in Lexington-Fayette. This is determined by its highest MoneyGeek score, which indicates superior performance and customer satisfaction.
The average monthly premium for the best life insurance for women in Lexington-Fayette is $18.
Life insurance premiums and company ratings in Lexington-Fayette may differ from other parts of Kentucky. For example, Protective and Mutual of Omaha have high MoneyGeek scores in Lexington-Fayette, but other companies may lead in other cities. These variations can impact the decision-making for residents.
If a life insurance company goes bankrupt in Lexington-Fayette, policies are typically protected by state guaranty associations. They cover claims to certain limits, ensuring policyholders are not left without coverage.
Residents in Lexington-Fayette might need life insurance to provide financial security for dependents, cover outstanding debts, ensure peace of mind and various other reasons. Life insurance is crucial in financial planning.
To find a lost life insurance policy in Lexington-Fayette, check personal records and contact the deceased's financial advisors. State insurance departments and online databases can also assist in locating missing 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.
