Best Life Insurance in Louisville/Jefferson, KY (October 2024)

Mutual of Omaha offers the best life insurance company for men in Louisville/Jefferson, Kentucky, with a MoneyGeek score of 91 and an average monthly premium of $26. For women, Protective tops the list, with a MoneyGeek score of 92 and an average monthly premium of $18. These scores and premium costs are based on a 20-year term policy with $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.

Mutual of Omaha offers the best life insurance for men in Louisville/Jefferson with a MoneyGeek score of 91 and an average monthly premium of $26. For women, the top provider is Protective with a MoneyGeek score of 91 and an average monthly premium of $18.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $26 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $27 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Mutual of Omaha and Protective stand out for their high MoneyGeek scores and competitive premiums. Their strong financial stability and customer satisfaction ratings make them reliable choices for individuals seeking life insurance in Louisville/Jefferson.

Mutual of Omaha offers the best term life insurance in Louisville/Jefferson for men, with a MoneyGeek score of 92 at about $11 per month. For women, Protective is the top choice, with a MoneyGeek score of 91 at an average of $9 per month. These companies provide the best value and satisfaction, making them ideal for the average individual seeking reliable term life insurance coverage.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $11 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $12 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 91 out of 100 at $9 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.

Protective is the best whole life insurance provider in Louisville/Jefferson for both men and women, with a MoneyGeek score of 92 out of 100.

• Protective: MoneyGeek score of 92 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

Whole life insurance provides 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 can be borrowed against in the future.

Protective is the best universal life insurance provider in Louisville/Jefferson, with a MoneyGeek score of 91 for both men and women.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Universal life insurance offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.

In Louisville/Jefferson, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Life insurance without a medical exam allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.

For those in Louisville/Jefferson seeking the best term life insurance for seniors, Mutual of Omaha stands out with a MoneyGeek score of 92 for men and 91 for women, and average monthly premiums of $42 and $38, respectively.

Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Mutual of Omaha's top scores reflect its robust financial stability, customer satisfaction and product offerings.

For those seeking the best term life insurance for smokers in Louisville/Jefferson, Mutual of Omaha leads with a MoneyGeek score of 91 for men and 89 for women. Men can expect an average monthly premium of $24, while women are quoted $22.

Smoking impacts life insurance premiums because it's linked to health risks, which insurers account for in their pricing. Mutual of Omaha's top scores reflect its commitment to customer satisfaction, financial stability and a diverse range of products, making it a strong choice for individuals prioritizing comprehensive coverage and reliability.

For the best term life insurance for young adults in Louisville/Jefferson, Protective stands out for both men and women. It has a MoneyGeek score of 92 and an average monthly premium of $7 for men and $5 for women.

Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance for young adults is essential for securing financial protection at a reasonable cost.

In Louisville/Jefferson, Mutual of Omaha offers the best cheap term life insurance for men with a MoneyGeek score of 92 and an average monthly premium of $11. For women, Protective is the top provider with a MoneyGeek score of 91 and an average monthly premium of $9. Mutual of Omaha and Protective have high MoneyGeek scores due to their affordability, customer satisfaction and financial stability.

Age, health and coverage all influence the cost of life insurance. To get the lowest premiums, you should strive to maintain good health, avoid tobacco use and compare quotes from different insurers.

The average monthly premium for term life insurance in Louisville/Jefferson is $17 for women and $23 for men.

Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.

In Louisville/Jefferson, life insurance costs might be higher or lower compared to the rest of Kentucky due to several reasons. Local health statistics, economic conditions, and specific risk factors in the area can influence premiums. For example, premiums might be higher if the region has higher health risks or economic challenges. Conversely, if the area has better health outcomes or a stronger economy, premiums could be lower.