Updated: November 21, 2024
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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.
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 Murfreesboro, Tennessee.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceMurfreesboroBest Life Insurance Companies in Murfreesboro
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.
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:
The top providers for women are:
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, Mutual of Omaha emerges as the best life insurance choice for men, with a MoneyGeek score of 91 and a monthly premium of $34. It excels in providing quality service at a fair price.
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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.
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:
The top providers for women are:
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.
Mutual of Omaha stands out with a MoneyGeek score of 91 for men in Murfreesboro seeking reliable term life insurance. The company offers policies at an affordable average monthly rate of $18, making it a wise choice for financial protection.
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For women in Murfreesboro seeking the best term life insurance, Protective emerges as the leading choice. With a MoneyGeek score of 92, Protective offers a monthly premium of $11, ensuring both quality service and affordability.
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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 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:
The top providers for women are:
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 emerges as the top provider of whole life insurance in Murfreesboro, offering unparalleled service for men and women. With a MoneyGeek score of 92 for each, Protective stands out for its commitment to customer satisfaction and financial stability.
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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.
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:
The top providers for women are:
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 stands out as the premier provider of universal life insurance for men and women in Murfreesboro. With a MoneyGeek Score of 91 for both, Protective delivers consistent value and reliability.
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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.
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:
The top providers for women are:
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.
In Murfreesboro, Protective stands out as the premier choice for no-medical-exam life insurance, earning the highest MoneyGeek score of 91 for both men and women. This distinction underscores Protective's commitment to providing exceptional value and service across the board.
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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 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.
| 1 | Mutual of Omaha | $58 | 92 |
| 2 | Protective | $66 | 91 |
| 3 | Nationwide | $58 | 91 |
| 4 | Transamerica | $69 | 87 |
| 5 | Prudential | $71 | 86 |
| 6 | State Farm | $102 | 85 |
| 7 | AAA | $101 | 85 |
| 8 | Allstate | $112 | 84 |
| 9 | Haven | $112 | 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.
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.
| 1 | Mutual of Omaha | $32 | 91 |
| 2 | Nationwide | $39 | 89 |
| 3 | Allstate | $29 | 88 |
| 4 | Protective | $47 | 88 |
| 5 | Transamerica | $28 | 88 |
| 6 | Prudential | $32 | 87 |
| 7 | State Farm | $45 | 86 |
| 8 | AAA | $60 | 85 |
| 9 | Haven | $57 | 83 |
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 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.
| 1 | Mutual of Omaha | $9 | 92 |
| 2 | Protective | $10 | 92 |
| 3 | Nationwide | $10 | 90 |
| 4 | Transamerica | $10 | 88 |
| 5 | AAA | $15 | 87 |
| 6 | Allstate | $16 | 86 |
| 7 | Haven | $12 | 86 |
| 8 | State Farm | $18 | 85 |
| 9 | Prudential | $14 | 85 |
| 10 | Bestow | $24 | 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.
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.
| 1 | Mutual of Omaha | $14 | 92 |
| 2 | Nationwide | $16 | 91 |
| 3 | Protective | $16 | 91 |
| 4 | Transamerica | $17 | 89 |
| 5 | Prudential | $21 | 84 |
| 6 | Allstate | $26 | 84 |
| 7 | Haven | $21 | 84 |
| 8 | AAA | $24 | 84 |
| 9 | State Farm | $27 | 82 |
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.
Mutual of Omaha offers the best life insurance for men in Murfreesboro, with a MoneyGeek score of 91. This score reflects the company's strong performance in affordability, customer satisfaction and financial stability.
The monthly premium for the best life insurance for men in Murfreesboro, offered by Mutual of Omaha, is $34. This cost is based on a non-smoking male in the 31 to 40 age group with excellent health and a coverage amount between $250,000 and $500,000.
Protective offers the best life insurance for women in Murfreesboro, with a MoneyGeek score of 92. This score indicates the company's superior performance in areas like affordability, customer satisfaction and financial stability.
The monthly premium for the best life insurance for women in Murfreesboro, provided by Protective, is $22. This rate is for a non-smoking female in the 31 to 40 age group with excellent health and a coverage amount between $250,000 and $500,000.
Life insurance in Murfreesboro is generally similar to the rest of Tennessee. But specific details like premium costs and company ratings can vary. For example, Protective and Mutual of Omaha have high ratings in Murfreesboro. Compare options locally and statewide to find the best fit for your needs.
If a life insurance company goes bankrupt in Murfreesboro, policies are typically protected by state guaranty associations. These associations ensure that policyholders continue to receive coverage up to certain limits. Check your state's specific guaranty association for detailed information on coverage limits and protections.
Murfreesboro residents need life insurance for financial security and peace of mind. Life insurance can help cover expenses like mortgage payments, education costs and daily living expenses in the event of the policyholder's death. It provides a safety net for families, ensuring they are financially supported during difficult times.
To find a lost life insurance policy in Murfreesboro, start by contacting the insurance company directly. If you don't know the company, check financial records, bank statements or contact the deceased's lawyer. You can also use state resources like the Tennessee Department of Commerce and Insurance for assistance.
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.
