Best Life Insurance in Milwaukee, WI (August 2024)

In Milwaukee, Wisconsin, the best life insurance company for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium cost of $26. For women, the best company is Protective with a MoneyGeek score of 92 and a monthly premium cost of $18. Different factors can influence your decision when choosing life insurance. 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.

Mutual of Omaha offers the best life insurance in Milwaukee for men with a MoneyGeek score of 91 out of 100 at $26 per month. For women, Protective leads with a MoneyGeek score of 92 out of 100 at $18 per month.

Top companies 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 companies 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 $23 per month for women

Mutual of Omaha and Protective provide excellent options for life insurance in Milwaukee. They offer competitive premiums and high customer satisfaction, making them ideal choices for the average individual seeking reliable coverage.

In Milwaukee, Mutual of Omaha and Protective lead with the best term life insurance for men and women respectively. Mutual of Omaha boasts a MoneyGeek score of 92 at $11 per month for men, while Protective holds the same score of 92 at $9 per month for women. These scores reflect a balance of affordability, customer satisfaction, and financial stability, making them ideal for individuals seeking reliable term life insurance coverage. Here are the top providers with their MoneyGeek scores and monthly premiums:

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 92 out of 100 at $9 per month for women

For women, the top two are:

• Protective: MoneyGeek score of 91 out of 100 at $12 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

Term life insurance offers a death benefit to the insured's beneficiaries if the insured passes away within a specific term. For example, a parent might choose term life insurance to ensure their child's education expenses are covered in the event of their untimely death. To learn more about the best term life insurance, visit MoneyGeek's comprehensive guide.

The Protective company emerges as the best whole life insurance provider in Milwaukee, with a MoneyGeek score of 92 for both men and women. This score reflects Protective's commitment to excellence across various metrics, making it a top choice for individuals seeking reliable life insurance coverage. The company's high scores in customer satisfaction and financial stability suggest that customers can trust in their long-term security and support throughout the insurance process.

Top whole life companies for men in Milwaukee:

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

Top whole life companies for women in Milwaukee:

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

Whole life insurance is a permanent policy that provides lifelong coverage and includes an investment component known as the cash value. For example, someone might choose whole life insurance over term insurance for the benefit of guaranteed cash value growth, which can serve as a financial resource during retirement.

When it comes to finding the best universal life insurance in Milwaukee, Protective stands out for both men and women, boasting a MoneyGeek score of 91 out of 100. This score indicates a strong combination of affordability, customer satisfaction, and financial stability, making Protective a reliable choice for the average individual seeking life insurance coverage that can adapt to their changing financial needs.

Best universal life insurance for men:

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

Best universal life insurance for women:

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

Universal life insurance is a type of permanent life insurance that offers flexible premiums and the ability to accumulate cash value. For instance, someone who desires the potential to adjust their premium payments over time, perhaps to match a fluctuating income, might choose universal life insurance over more rigid term or whole life policies.

The Protective stands out as the best no-medical-exam life insurance provider in Milwaukee, with a MoneyGeek score of 91 for men and women. This score reflects a balance of affordability, customer satisfaction, and financial stability, making Protective a solid choice.

Best no-medical-exam life insurance for men:

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

Best no-medical-exam life insurance for women:

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

No medical exam life insurance allows individuals to obtain coverage without undergoing a health examination, which can be a key advantage for those with health concerns. For example, someone with a chronic health condition that typically leads to higher premiums or disqualification from traditional policies may opt for best no-medical-exam life insurance as a more accessible and less invasive option.

In the case of men, Mutual of Omaha is thebest insurance for seniors. It leads with a MoneyGeek score of 92 and a monthly premium of $46. Women find Protective at the forefront with a MoneyGeek score of 92 and a monthly premium of $41.

Age influences life insurance premiums, as the likelihood of health issues increases with age, raising the risk for insurers. Mutual of Omaha and Protective earned their high scores by providing a balance of affordability, customer satisfaction, a smooth buying process, and strong financial stability. These factors are essential for seniors who prioritize both cost-effectiveness and reliability in their life insurance provider.

For those seeking the best smokers insurance in Milwaukee, Mutual of Omaha stands out for both men and women. With a MoneyGeek score of 91 and a monthly premium of $25 for men, and a score of 89 with a $23 premium for women, this company offers reliable coverage options for smokers.

Smoking is a factor in determining life insurance premiums due to the higher health risks it poses. Insurers like Mutual of Omaha assess these risks, reflected in their scoring system, which takes into account customer satisfaction and financial stability.

For the best term life insurance for young adults in Milwaukee, Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $6. For men, Mutual of Omaha is the top provider, also with a MoneyGeek score of 92 and a monthly premium of $7.

Age plays a crucial role in determining life insurance premiums. Younger adults often benefit from lower premiums due to their generally better health and longer life expectancy. Choosing the best term life insurance for young adults ensures they receive affordable coverage that meets their needs.

If you’re looking for the best cheap term life insurance in Milwaukee, Protective stands out for women with a MoneyGeek score of 92 and a monthly premium of $9. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $11. Various factors influence life insurance premiums, such as age, health, coverage amount, and term length.

To get the lowest premiums, maintain good health, choose a shorter term length and opt for a lower coverage amount. Protective and Mutual of Omaha excel due to their affordability, customer satisfaction, and financial stability.

The average cost of term life insurance premiums in Milwaukee is $18 per month for women and $24 per month for men. These figures are rounded to the nearest whole number for simplicity. Various factors affect the cost of life insurance premiums, including age, health, lifestyle, occupation, coverage amount and term length. These elements can cause variations in premiums for different individuals.

In Milwaukee, the cost of life insurance might be higher or lower compared to the rest of Wisconsin due to several reasons. Local health statistics, such as higher rates of certain illnesses, can impact premiums. The cost of living in Milwaukee may also play a role, as higher costs can lead to increased premiums.