Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective offers the best life insurance in Meridian, Idaho. With a MoneyGeek score of 91 for women and 92 for men, it offers a strong balance of affordability and reliability. The average monthly premiums are $43 for men and $33 for women. These scores and premiums are based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when deciding on life insurance. 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 Meridian, Idaho.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceMeridian, IDBest Life Insurance Companies in Meridian
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 is the best life insurance provider in Meridian for men and women, with a MoneyGeek score of 92 and 91, respectively. The company offers an average monthly premium of $43 for men and $33 for women.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and competitive premiums make it the best choice for the average individual looking to purchase life insurance in Meridian.
In Meridian, Protective is the best life insurance provider for men and women, with MoneyGeek scores of 91 for women and 92 for men. The company offers an average monthly premium of $33 for women and $43 for men, reflecting its commitment to affordability and customer satisfaction.
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.
Protective is the best term life insurance provider in Meridian for men and women, with a MoneyGeek score of 91 for men and 92 for women. Its average monthly premium is $21 for men and $18 for women. These scores reflect a strong balance between affordability, customer satisfaction and financial stability, making Protective a top choice for individuals seeking reliable term life insurance coverage.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy that provides coverage for a specified term length and offers a death benefit if the insured passes away during the term. For example, a parent may purchase term insurance to ensure their child's education expenses are covered in the event of their untimely death.
Protective is the premier choice for the best term life insurance for men and women in Meridian. With a MoneyGeek score of 91, men can secure a policy at around $21 per month. For women, it has a MoneyGeek score of 92 and an average monthly premium of $18.
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.
Protective is the top provider for men and women seeking the best whole life insurance in Meridian, with a MoneyGeek score of 92 for each. This score reflects a combination of affordability, customer satisfaction and financial stability, making Protective a solid choice for individuals looking to secure their financial future with a reliable insurance policy.
Top whole life companies for men in Meridian:
Top whole life companies for women in Meridian:
Whole life insurance provides lifelong coverage and a cash value component, which can benefit those seeking a stable, long-term investment option. For example, an individual might choose whole life insurance over term life insurance to ensure that their family is financially protected no matter when they pass away while accumulating a cash value that can be borrowed against if needed.
Protective is the best provider of whole life insurance in Meridian for men and women, with a MoneyGeek score of 92 for each group. Protective's scores indicate a strong balance of customer satisfaction, affordability and financial stability, making it a reliable choice for life insurance needs.
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.
In Meridian, Protective offers the best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects the company's consistent performance across critical metrics, making it an ideal choice for individuals looking for reliable coverage and financial security.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance offers flexibility in premiums and death benefits, which can appeal to those seeking long-term financial planning. For instance, a young professional might opt for universal life insurance over term life insurance to benefit from the potential for cash value accumulation that can be used later in life.
When selecting the best universal life insurance in Meridian, Idaho, Protective stands out for men and women. With a MoneyGeek score of 91 for each gender, the company demonstrates a strong balance of customer satisfaction, affordability and financial stability.
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.
In Meridian, Protective is the top provider of the best no-medical-exam life insurance for men and women, with a MoneyGeek score of 91 for both. This company stands out for its strong performance in affordability, customer satisfaction and financial stability, making it a solid choice for individuals seeking reliable coverage without a medical exam.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance without a required medical exam offers coverage without needing a health assessment. It can benefit those with health concerns or who require immediate coverage. For instance, an individual with a chronic illness might choose this policy to avoid the potential of being denied coverage or facing higher premiums based on their health status.
Protective is the top provider for men and women in Meridian seeking life insurance with no mandatory medical exam. With a MoneyGeek score of 91 for both genders, the company ensures a balanced offering that prioritizes customer satisfaction and financial stability.
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.
For men seeking the best term life insurance for seniors in Meridian, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $93. Women find their top choice in Protective, with a MoneyGeek score of 90 and an average monthly premium of $84.
Age is a determining factor in the cost of life insurance premiums; as the risk of insuring an individual increases with age, so does the premium. Mutual of Omaha's and Protective's high MoneyGeek scores indicate strong customer satisfaction, financial stability and product diversity, which are key for seniors who prioritize reliability in their life insurance selection.
| 1 | Mutual of Omaha | $93 | 91 |
| 2 | Protective | $102 | 90 |
| 3 | Nationwide | $84 | 90 |
| 4 | Transamerica | $73 | 88 |
| 5 | Allstate | $83 | 88 |
| 6 | AAA | $116 | 88 |
| 7 | Prudential | $84 | 87 |
| 8 | State Farm | $141 | 85 |
| 9 | Haven | $190 | 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 those seeking the best term life insurance for smokers in Meridian, Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 89 for women. The average monthly premium for men is $56, while for women, it's about $51.
Smoking is a significant factor in determining life insurance premiums, as smokers pose a higher risk to insurers and are charged more. Mutual of Omaha's high scores indicate a strong combination of customer satisfaction, product diversity and financial stability, which are important for individuals who want reliable coverage despite the elevated risks associated with smoking.
| 1 | Mutual of Omaha | $56 | 90 |
| 2 | Nationwide | $55 | 89 |
| 3 | Protective | $87 | 88 |
| 4 | AAA | $60 | 88 |
| 5 | Transamerica | $49 | 88 |
| 6 | Prudential | $44 | 88 |
| 7 | State Farm | $75 | 85 |
| 8 | Allstate | $80 | 85 |
| 9 | Haven | $97 | 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.
For those seeking the best term life insurance for young adults in Meridian, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premiums are $13 and $10, respectively.
Age plays a crucial role in determining life insurance premiums, with younger adults generally benefiting from lower rates. Protective's high MoneyGeek score reflects its strong customer satisfaction and financial stability, making it a reliable choice for young adults in Meridian.
| 1 | Protective | $13 | 92 |
| 2 | Mutual of Omaha | $16 | 90 |
| 3 | Nationwide | $15 | 90 |
| 4 | Allstate | $12 | 89 |
| 5 | AAA | $18 | 88 |
| 6 | Transamerica | $14 | 88 |
| 7 | State Farm | $27 | 85 |
| 8 | Prudential | $21 | 84 |
| 9 | Haven | $21 | 84 |
| 10 | Bestow | $29 | 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.
Protective offers the best cheap term life insurance in Meridian, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premium is $21 for men and $18 for women. Protective's high MoneyGeek score reflects its affordability, strong customer satisfaction and financial stability.
Several factors affect life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a suitable coverage amount and consider a longer term.
| 1 | Protective | $21 | 91 |
| 2 | Nationwide | $23 | 91 |
| 3 | Allstate | $20 | 91 |
| 4 | Transamerica | $21 | 90 |
| 5 | Mutual of Omaha | $25 | 90 |
| 6 | AAA | $28 | 87 |
| 7 | Prudential | $30 | 85 |
| 8 | State Farm | $40 | 82 |
| 9 | Haven | $36 | 81 |
In Meridian, the average monthly premium for term life insurance is $30 for women and $40 for men. Several factors affect the cost of life insurance premiums, including age, health, lifestyle, occupation and the amount of coverage you choose.
The cost of life insurance in Meridian might be higher or lower than the rest of Idaho for several reasons. Local health statistics can impact premiums, as areas with higher rates of chronic diseases may see higher insurance costs. Economic factors, such as the average income level and cost of living, can also influence premiums. Additionally, the level of competition among insurance providers in Meridian might affect pricing.
Understanding these factors can help you make informed decisions about your life insurance needs and find the best policy for your situation.
Protective offers the best life insurance for men in Meridian, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for men in Meridian is $43. This cost is associated with the policy offered by Protective, the company with the highest MoneyGeek score.
Protective is the best life insurance company for women in Meridian, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in Meridian is $33. This rate is offered by Protective, which has the highest MoneyGeek score for women.
Life insurance in Meridian is generally consistent with the rest of Idaho. Protective, a leading provider, offers competitive rates and high MoneyGeek scores. There are no significant differences in terms of company offerings or costs.
If a life insurance company goes bankrupt in Meridian, state regulations protect policyholders. The Idaho Life and Health Insurance Guaranty Association steps in to cover claims, ensuring that policyholders are not left without coverage.
Meridian residents may need life insurance to provide financial security for their families. This can cover expenses such as mortgage payments, education costs and daily living expenses in case of the policyholder's death.
To find a lost life insurance policy in Meridian, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Idaho Department of Insurance for assistance in locating the 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.
