For men seeking life insurance, Nationwide emerges as the premier provider with a MoneyGeek Score of 97 and a monthly premium of $18. For women, GEICO secures the top spot with a MoneyGeek Score of 95 and a monthly premium of $15. When selecting a life insurance policy, it's critical to weigh various factors, such as affordability, coverage options and the stability of the company, to determine which provider offers the ideal policy for your needs.
Best Life Insurance in Maine (November 2024)
Updated: November 22, 2024
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BestLife InsuranceMaineBest Life Insurance Companies in Maine
Best Term Life Insurance in Maine - Nationwide
Best Whole Life Insurance in Maine - State Farm
Best Universal Life Insurance in Maine - Nationwide
Best No-Medical-Exam Life Insurance in Maine - Nationwide
Best Cheap Term Life Insurance in Maine - Allstate
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 Maine.
Coverage costs and company information for life insurance providers were updated in May 2024.
1,488Quotes Analyzed
14Companies Compared
50ZIP Codes
Best Life Insurance in Maine: Summary
Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
| Nationwide | 1 | 97 |
| GEICO | 2 | 96 |
| Protective | 3 | 95 |
| Allstate | 4 | 94 |
| Mutual of Omaha | 5 | 94 |
| Transamerica | 6 | 94 |
| State Farm | 7 | 93 |
| AAA | 8 | 91 |
| Haven | 9 | 90 |
| Prudential | 10 | 90 |
Overall Best Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in Maine:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Nationwide is the overall best life insurance provider in Maine, achieving the highest MoneyGeek score. For men, Nationwide scores a perfect 97 with a monthly premium of $18, while for women, GEICO ranks top with a score of 95 and a monthly premium of $15.
Top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 97 out of 100 ($18 per month for men; $20 per month for women)
- GEICO: MoneyGeek score of 95 out of 100 ($15 per month for men; $15 per month for women)
- Protective: MoneyGeek score of 95 out of 100 ($16 per month for men; $14 per month for women)
Best for Men: Nationwide
COMPANY HIGHLIGHTS
With a MoneyGeek Score of 97, Nationwide emerges as the leading life insurance company for men in Maine, offering the best-in-class policy at an affordable monthly premium of $18. Their commitment to excellence assures men the optimal coverage and peace of mind.
Pros:
- High customer satisfaction
- Diverse product offerings
- Effortless buying experience
Best for Women: GEICO
COMPANY HIGHLIGHTS
GEICO stands out as the top-ranked company in Maine for women seeking life insurance, thanks to its exceptional MoneyGeek Score of 95. With a cost-effective monthly premium of $15, it represents the perfect balance between affordability and comprehensive coverage.
Pros:
- High customer satisfaction
- Budget-friendly premiums
- Excellent financial stability
Best Term Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maine:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
Nationwide stands out as the top provider of the best term life insurance in Maine for both men and women, with a MoneyGeek score of 97 for men and 96 for women. The monthly premium for this top-tier coverage is approximately $14.
Top providers with the highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 97 out of 100 ($14 per month for men; $14 per month for women)
- GEICO: MoneyGeek score of 97 out of 100 ($11 per month for men; $11 per month for women)
- Mutual of Omaha: MoneyGeek score of 96 out of 100 ($13 per month for men; $12 per month for women)
Best Term Life: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the best choice for term life insurance in Maine for both men and women, with the highest MoneyGeek score of 97. With a reasonable monthly premium of $14, Nationwide merges premium service with affordability, ensuring your financial security.
Pros:
- Exceptional customer satisfaction
- Highly affordable premium rates
- Diverse product offerings
Best Whole Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in Maine:
- Financial Stability: 35%
- Customer Satisfaction: 30%
- Buying Process: 15%
- Product Diversity: 20%
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.
State Farm stands as the leader in providing the best whole life insurance in Maine, with a MoneyGeek score of 99 for both men and women. State Farm delivers exceptional service and value to all its clients.
Discover the best whole life insurance that fits your needs with our top picks:
- State Farm: MoneyGeek score of 99 out of 100
- Nationwide: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 96 out of 100
Best Whole Life: State Farm
COMPANY HIGHLIGHTS
State Farm is the leading provider of whole life insurance in Maine, with a MoneyGeek score of 99. State Farm offers unmatched services that have solidified its position as the prime choice for both men and women seeking whole life insurance.
Pros:
- High customer satisfaction with services
- Diverse insurance product offerings
- Strong financial stability
Best Universal Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in Maine:
- Financial Stability: 25%
- Customer Satisfaction: 25%
- Buying Process: 25%
- Product Diversity: 25%
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.
Nationwide stands out as the epitome of excellence in providing the best universal life insurance in Maine for both men and women, achieving an impressive MoneyGeek score of 99.
The companies with the three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Nationwide's universal life insurance offerings in Maine provide a blend of affordability, satisfaction and diversity.
Best Universal Life: Nationwide
COMPANY HIGHLIGHTS
Nationwide is perfect for both men and women seeking financial security. Achieving a MoneyGeek score of 99, Nationwide surpasses competitors in offering excellent coverage and service.
Pros:
- High customer satisfaction
- Offers affordable policies
- Diverse product options
Best No-Medical-Exam Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in Maine:
- Financial Stability: 20%
- Customer Satisfaction: 25%
- Buying Process: 20%
- Product Diversity: 35%
We did not weigh affordability as we did not collect quotes on no-medical-exam-life insurance. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide is the leading company providing the best no-medical-exam life insurance in Maine for both men and women, with a MoneyGeek score of 99.
Here are the top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 99 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Best No-Medical-Exam: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the best no-medical-exam life insurance provider in Maine for both men and women, achieving the highest MoneyGeek score of 99. With top marks across key metrics, this company ensures a balance of affordability, customer satisfaction and product diversity.
Pros:
- Exceptional customer satisfaction experience
- Highly competitive affordability
- Diverse range of insurance products
Best Term Life Insurance for Seniors in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in Maine:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a person of the age of 70, for a more accurate estimate.
Nationwide offers the best term life insurance for seniors in Maine, achieving a MoneyGeek score of 98 for men and 96 for women. The monthly premium rates for Nationwide's term life insurance are 51 for men and 52 for women. This insurer leads the market, likely due to its customer satisfaction and consistent performance across diverse scoring areas.
Best Term Life Insurance for Seniors in Maine
Data filtered by:Results filtered by:
Sex:
Sex:M
| Nationwide | 1 | $51 | 98 |
| GEICO | 2 | $48 | 96 |
| Mutual of Omaha | 3 | $54 | 96 |
| Protective | 4 | $49 | 95 |
| Allstate | 5 | $44 | 94 |
| Transamerica | 6 | $49 | 94 |
| Prudential | 7 | $62 | 93 |
| State Farm | 8 | $92 | 93 |
| AAA | 8 | $62 | 93 |
| Haven | 10 | $108 | 89 |
Best Term Life Insurance for Smokers in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maine for people who smoke:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an active smoker for a more accurate estimate.
Mutual of Omaha stands as the premier choice for the best term life insurance for smokers in Maine. It offers coverage for both men and women in Maine. The company has a MoneyGeek score of 96 for men and 94 for women, with monthly premium costs of $33 and $31, respectively. Mutual of Omaha's top-tier ranking is due to its consistently high scores across customer satisfaction, affordability, diversity and process.
Best Term Life Insurance for Smokers in California
Data filtered by:Results filtered by:
Sex:
Sex:M
| Mutual of Omaha | 1 | $33 | 96 |
| GEICO | 2 | $30 | 96 |
| Nationwide | 3 | $41 | 96 |
| State Farm | 4 | $41 | 96 |
| Prudential | 5 | $31 | 95 |
| Transamerica | 6 | $28 | 94 |
| AAA | 7 | $37 | 93 |
| Protective | 8 | $47 | 91 |
| Allstate | 9 | $45 | 90 |
| Haven | 10 | $62 | 89 |
Best Term Life Insurance for Young Adults in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maine for young adults:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide is the leading provider of the best term life insurance for young adults in Maine, having the highest MoneyGeek scores for men and women. With a score of 97 for women and 98 for men, Nationwide offers premiums costing approximately $9 per month for women and $9 for men. These scores reflect Nationwide's strong performance across service and customer satisfaction.
Best Term Life Insurance for Young Adults in Maine
Data filtered by:Results filtered by:
Sex:
Sex:M
| Nationwide | 1 | $9 | 98 |
| Mutual of Omaha | 2 | $8 | 97 |
| GEICO | 3 | $7 | 97 |
| Protective | 4 | $7 | 95 |
| State Farm | 5 | $16 | 95 |
| Allstate | 6 | $7 | 94 |
| Transamerica | 7 | $7 | 94 |
| AAA | 8 | $9 | 94 |
| Haven | 9 | $12 | 93 |
| Prudential | 10 | $12 | 93 |
| Bestow | 11 | $23 | 89 |
Best Cheap Term Life Insurance in Maine
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in Maine:
- Affordability: 50%
- Financial Stability: 15%
- Buying Process: 20%
- Customer Satisfaction: 5%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Allstate stands out as the premier provider of the best cheap term life insurance in Maine for both men and women, with a MoneyGeek score of 97 for females with a monthly premium cost of $10, and a score of 97 for males with a monthly premium of $11. The top-tier status of Allstate is attributed to its balance of affordability and reliable coverage.
Best Cheap Term Life Insurance in Maine
Data filtered by:Results filtered by:
Gender:
Gender:M
| Allstate | $11 | 97 |
| Nationwide | $14 | 97 |
| GEICO | $11 | 97 |
| Transamerica | $12 | 96 |
| Mutual of Omaha | $13 | 96 |
| Protective | $11 | 96 |
| AAA | $15 | 93 |
| Prudential | $19 | 89 |
| State Farm | $24 | 89 |
| Haven | $20 | 87 |
Average Cost of Term Life Insurance in Maine
The average monthly premium for life insurance in Maine is $39 for women and $47 for men. Factors influencing the average cost of life insurance include age, health, lifestyle choices and the length and amount of coverage. Policies are often pricier for those who pose a higher risk to insurers. Understanding the average cost of life insurance is crucial for making informed decisions.
FAQ: Life Insurance in Maine
What is the best life insurance in Maine for men?
The top life insurance provider in Maine for men, according to MoneyGeek, is Nationwide.
How much is life insurance in Maine for men?
The cost of life insurance in Maine for men can be influenced by several factors, including age, health and the coverage amount chosen. Nationwide, the provider with the highest MoneyGeek score offers a monthly premium of approximately $18.
What is the best life insurance in Maine for women?
The best life insurance in Maine for women is offered by GEICO.
How much is life insurance in Maine for women?
The cost of life insurance in Maine for women is influenced by factors like age, health and coverage amount. The monthly premium for the highest-ranking insurance from GEICO averages $15.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
sources
- Maine.gov. " Frequently Asked Questions about Life Insurance.." Accessed May 12, 2024.