Best Life Insurance in Naperville, IL (November 2024)

If you're looking for the best life insurance in Naperville, Illinois, Protective stands out for men and women. With a MoneyGeek score of 92 for both genders, it offers a solid choice for your insurance needs. The average monthly premium is $34 for women and $52 for men. The score and costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider factors like coverage amount, term length and your personal health. Although Protective ranks highly, your unique needs may mean a different company is best for you.

Protective is the best life insurance provider in Naperville, with a MoneyGeek score of 92 for men and women. Its average monthly premium is $52 for men and $34 for women.

Top providers for men:

• Protective: MoneyGeek score of 92 out of 100 at $52 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $58 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $34 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $38 per month for women

Protective's high scores in affordability, customer satisfaction and financial stability make it an ideal choice for the average individual looking to purchase life insurance.

Protective provides the best term life insurance for men and women in Naperville, with a MoneyGeek score of 92 for both. Its average monthly premium is $25 for men and $18 for women. This company offers the ideal balance of affordability, customer satisfaction and financial stability, making it a top choice for individuals seeking reliable coverage without overpaying.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 92 out of 100 at $25 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $30 per month for men

For women, the top two are:

• 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

Term life insurance is a straightforward policy that provides coverage for a specified period, offering a death benefit to the insured's beneficiaries if they pass away during the term. For example, a parent might choose term insurance to ensure their child's education expenses are covered in the event of their untimely death.

Protective is the best whole life insurance provider in Naperville, with a MoneyGeek score of 92 out of 100 for men and women. The company offers a strong combination of affordability, customer satisfaction and financial stability, making it a reliable choice for individuals seeking a comprehensive insurance policy with a death benefit and a cash value component.

Top whole life companies for men in Naperville:

• 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 Naperville:

• 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 type of permanent life insurance that remains in effect for the insured's entire life as long as premiums are paid. It can be an attractive option for those who want predictable premiums and a guaranteed death benefit. For example, an individual might choose whole life insurance to ensure that their family has financial support in the event of their passing or to leave a legacy.

Protective provides the best universal life insurance in Naperville for men and women, with a MoneyGeek score of 91 out of 100 for each. This score indicates that Protective offers a balance of affordability, customer satisfaction and financial stability, making it a top choice for the average individual seeking reliable coverage.

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 for women's universal life insurance:

• **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 policy that combines life coverage with an investment savings element. It offers the potential for cash value growth and the ability to adjust premiums and benefits. For instance, someone may choose universal life insurance over term life insurance for its investment potential and lifelong coverage, ensuring their financial goals are met regardless of life's uncertainties.

Protective is the best no-medical-exam life insurance provider in Naperville for men and women, with a MoneyGeek score of 91 for both. This top ranking indicates that Protective offers a balanced combination of affordability, customer satisfaction and financial stability, making it a compelling choice for individuals seeking reliable life insurance coverage without the need for a medical exam.

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 life insurance for women that does not require a medical exam:

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

Life insurance with no mandatory medical exam allows individuals to obtain life insurance coverage without undergoing a physical examination. It can be an attractive option for those with health concerns or who require immediate coverage. For instance, someone with a chronic illness might choose this insurance to bypass the potential for higher rates or denial of coverage.

For Naperville residents seeking the best term life insurance for seniors, Protective stands out with a MoneyGeek score of 92 for men and 91 for women. Its average monthly premium is $114 and $82, respectively.

Age is a determining factor in life insurance premiums; as the risk increases with age, so does the cost. Protective's top scores reflect its balance of affordability, customer satisfaction and financial stability, which is essential for seniors who prioritize both cost and quality in their insurance selection.

For those in Naperville seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women. Men have an average monthly premium of $123, while for women, it's around $95 per month.

Smoking is a key factor in determining life insurance premiums due to the associated health risks. Insurers often charge smokers higher rates to account for these risks. Mutual of Omaha has a strong performance in affordability, customer satisfaction, buying process, financial stability and product diversity, indicating a balance of cost and quality service.

For the best term life insurance for young adults in Naperville, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premium is $15 for men and $11 for women.

Age plays a significant role in determining life insurance premiums. Younger individuals generally pay lower premiums due to lower health risks. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability. These factors make it an excellent choice for young adults seeking term life insurance in Naperville.

Protective is the best cheap term life insurance provider in Naperville, with a MoneyGeek score of 92 for men and women. It offers an average monthly premium of $25 for men and $18 for women. Protective's high MoneyGeek score is attributed to its affordability, high customer satisfaction and strong financial stability.

Several factors influence the cost of life insurance premiums. Age, health, coverage amount and term length are key determinants. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term length and opt for a lower coverage amount if possible.

The average monthly premium for term life insurance in Naperville, Illinois, is $29 for women and $33 for men. Knowing these rates can help you make informed decisions when purchasing life insurance.

Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.

The cost of life insurance in Naperville might be higher or lower than in other parts of Illinois for various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Naperville has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.