Best Life Insurance in Murfreesboro, TN (August 2024)

The best life insurance company in Murfreesboro, Tennessee, varies by gender. For men, Mutual of Omaha holds the highest MoneyGeek score of 91, with a monthly premium of $34. For women, Protective is the top choice with a MoneyGeek score of 92 and a monthly premium of $22.

Different factors should be considered when deciding on 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.

In Murfreesboro, Protective offers the best life insurance for men and women with a MoneyGeek score of 92 and a monthly premium of $22.

The top providers for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $34 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $35 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $22 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $27 per month for women

Protective's high MoneyGeek score indicates strong performance in affordability, customer satisfaction and financial stability. This makes it a reliable choice for the average individual looking to purchase life insurance in Murfreesboro.

In Murfreesboro, Protective provides the best term life insurance for women with a MoneyGeek score of 92 and a monthly premium of $11. For men, Mutual of Omaha leads with a score of 92 and a monthly premium of $14. These providers offer exceptional financial stability and customer satisfaction, making them a solid choice for people seeking reliable term life insurance coverage.

The top providers for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $14 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $16 per month for men

The top providers for women are:

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

Term life insurance is a policy where a beneficiary receives a payout if the insured person dies within a set term, typically ranging from 10 to 30 years. For instance, a parent might buy term insurance to ensure their child's education is funded in case of their untimely death.

Protective provides the best whole life insurance in Murfreesboro, boasting a MoneyGeek score of 92 both men and women. This score reflects a balanced mix of affordability, customer satisfaction and financial stability. The top providers for men are:

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

The top providers for women are:

• 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 provides lifelong coverage and a cash value component, which can be an attractive option for people seeking a stable, long-term financial planning tool. For instance, someone may choose whole life insurance to ensure that their family is protected financially while also building cash value that can be borrowed against in the future.

Protective stands out with the best universal life insurance in Murfreesboro, scoring a MoneyGeek score of 91 out of 100 for men and women. This score reflects a strong balance of affordability, customer satisfaction, financial stability and product diversity.

The top providers for men are:

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

The top providers for women are:

• 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 flexible type of permanent life insurance that combines a death benefit with a savings component. This allows policyholders to adjust their premiums and death benefits over time, making it a versatile choice for long-term financial planning. For instance, someone might choose universal life insurance to provide for their family while also accumulating cash value that can be borrowed against in the future.

Protective provides the best life insurance without a required medical exam in Murfreesboro for men and women, with a MoneyGeek score of 91.

This score indicates that Protective offers a reliable and customer-friendly service that aligns well with the needs of people seeking life insurance without the hassle of a medical exam. The company's top ranking reflects its excellence in affordability, customer satisfaction, financial stability and product diversity.

The top providers for men are:

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

The top providers for women are:

• 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 people to obtain coverage quickly and without the need for medical tests. For example, someone with a busy lifestyle or a fear of medical procedures might opt for this insurance over traditional policies to save time and avoid stress.

For the best term life insurance for seniors in Murfreesboro, Protective stands out for women with a MoneyGeek score of 92 and a monthly premium of $46, while Mutual of Omaha leads for men with a score of 92 and a monthly premium of $58.

Age is a determining factor in life insurance premiums, with costs typically increasing as individuals enter their senior years. The high MoneyGeek scores for these companies suggest a strong combination of affordability, customer satisfaction, financial stability and product diversity, which are critical for seniors seeking reliable term life insurance.

Mutual of Omaha stands out as the top provider of the best term life insurance for smokers in Murfreesboro, with a MoneyGeek score of 91 for men with a monthly premium of $32, and 89 for women with a monthly premium of $28.

Smoking is a known risk factor that insurers consider when determining premiums, as it can lead to health complications, thus higher costs for coverage. Mutual of Omaha's leading scores reflect its balance of affordability, customer satisfaction and financial stability, which are crucial for smokers in Murfreesboro seeking reliable term life insurance.

For the best term life insurance for young adults in Murfreesboro, Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $7. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $9.

Age plays a significant role in determining life insurance premiums; younger adults usually pay less due to lower risk factors. Protective and Mutual of Omaha stand out because of their high affordability, customer satisfaction and financial stability scores.

For men, Mutual of Omaha stands out as the provider of the best cheap term life insurance in Murfreesboro with a MoneyGeek score of 92 and a monthly premium of $14. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $11.

Factors affecting life insurance premiums include age, health status, coverage amount and term length. To get the lowest premiums, individuals should maintain good health, choose a shorter term length and opt for a lower coverage amount. The winning companies have high MoneyGeek scores due to their strong affordability, customer satisfaction and financial stability.

The average monthly premium for term life insurance in Murfreesboro is $22 for women and $31 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation, coverage amount and policy term. Each of these factors can affect the risk profile of the insured individual, which in turn influences the premium cost.

In Murfreesboro, life insurance premiums may different than the rest of Tennessee due to various local factors. These can include local health statistics, average income levels, crime rates and regional insurance regulations. For example, if Murfreesboro has higher average incomes, residents might be able to afford higher coverage amounts, potentially leading to higher premiums. Conversely, if local health statistics show better overall health, this could result in lower premiums.

Understanding these factors can help consumers make informed decisions when purchasing life insurance. By considering both personal and regional factors, individuals can better navigate the complexities of life insurance premiums.