Updated: November 21, 2024
Advertising & Editorial Disclosure
Mutual of Omaha is the best life insurance provider in New York, New York. The MoneyGeek score for men is 89, with an average monthly premium of $27. For women, the score is 91, with a monthly premium of $22. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider your age, health and coverage needs. Your unique situation 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 New York, New York.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceNew York, NYBest Life Insurance Companies in New York
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.
Mutual of Omaha offers the best life insurance in New York, with MoneyGeek scores of 89 for men and 91 for women. The average monthly premiums are $27 for males and $22 for females.
Top providers for men:
Top providers for women:
Mutual of Omaha's high MoneyGeek score and competitive monthly premiums make it a reliable option for life insurance.
Mutual of Omaha is New York's best life insurance provider, earning MoneyGeek scores of 89 for men and 91 for women. With monthly premiums of $27 for males and $22 for females, it offers reliable coverage to diverse clients.
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.
Mutual of Omaha has the best term life insurance in New York, with a MoneyGeek score of 90 for men and 91 for women. The average monthly premiums are $11 for males and $10 for females. Its affordability, high customer satisfaction and financial stability make it a solid choice.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage at a fixed rate for a set period. It suits someone seeking to protect their family financially while they're still paying off their home.
Mutual of Omaha is the top choice for term life insurance in New York, earning MoneyGeek scores of 90 for men and 91 for women. With monthly premiums of $11 for males and $10 for females, it offers a balance of value and security.
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.
Mutual of Omaha is the best whole life insurance provider in New York, with a MoneyGeek score of 91 for men and women. This score reflects the company's strong affordability, customer satisfaction and financial stability.
Whole life insurance provides a guaranteed death benefit and a cash value that grows over time. People may choose it over term life insurance to ensure lifetime coverage while using it as a savings or investment vehicle.
Mutual of Omaha is the leading whole life insurance company in New York, with a MoneyGeek score of 91 for men and women. This score reflects the company's excellence across various performance metrics.
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.
Mutual of Omaha has New York's best universal life insurance, with a MoneyGeek score of 90 for men and women. The company's high score indicates a strong balance of affordability, customer satisfaction and financial stability.
Universal life insurance combines flexibility with long-term financial protection. Some choose it because they can adjust coverage as their financial situation changes, like after a raise or when planning for retirement.
Mutual of Omaha is New York's leading universal life insurance provider. With a MoneyGeek score of 90 for men and women, it stands out for its customer satisfaction and top-tier products.
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.
Mutual of Omaha offers the best life insurance in New York without a medical exam requirement. Its MoneyGeek score of 90 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam provides a faster, simpler way to get coverage. It’s ideal for people with busy schedules or minor health concerns who want to skip the time-consuming and invasive medical exams that traditional policies require.
Mutual of Omaha is the top choice for life insurance without the hassle of a medical examination in New York. Its MoneyGeek score of 90 for men and women reflects its good balance of customer satisfaction and affordability.
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.
Mutual of Omaha offers the best term life insurance for seniors in New York, with a MoneyGeek score of 90 and average monthly premiums of $50 for men and $44 for women.
Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Mutual of Omaha stands out with its strong performance in product diversity, customer satisfaction and financial stability, making it a reliable option for seniors.
| 1 | Mutual of Omaha | $50 | 90 |
| 2 | Allstate | $40 | 88 |
| 3 | Prudential | $34 | 88 |
| 4 | Nationwide | $76 | 86 |
| 5 | Haven | $57 | 85 |
| 6 | State Farm | $92 | 84 |
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 provides the best term life insurance for smokers in New York, with a MoneyGeek score of 90 and average monthly premiums of $48 for men and $43 for women.
Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha’s high MoneyGeek score reflects a strong balance of affordability, customer satisfaction, buying process, financial stability and product diversity.
| 1 | Mutual of Omaha | $48 | 90 |
| 2 | Haven | $35 | 87 |
| 3 | Prudential | $45 | 86 |
| 4 | Nationwide | $84 | 86 |
| 5 | State Farm | $75 | 85 |
| 6 | Allstate | $75 | 85 |
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.
Mutual of Omaha offers the best term life insurance for young adults in New York, with a MoneyGeek score of 90 and average monthly premiums of $7 for men and $6 for women.
Age significantly affects premiums because younger adults typically have lower health risks. Mutual of Omaha's high MoneyGeek score is due to its excellent customer satisfaction, financial stability and diverse product offerings.
| 1 | Mutual of Omaha | $7 | 90 |
| 2 | Haven | $4 | 87 |
| 3 | Allstate | $7 | 87 |
| 4 | Nationwide | $11 | 86 |
| 5 | Prudential | $7 | 86 |
| 6 | State Farm | $14 | 84 |
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.
In New York, Mutual of Omaha offers the best cheap term life insurance, with a MoneyGeek score of 90 and average monthly premiums of $11 for men and $10 for women.
Factors like age, health, coverage amount and term length influence premiums. To get the lowest rates, maintain good health, avoid tobacco and choose a shorter term length if possible.
| 1 | Mutual of Omaha | $11 | 90 |
| 2 | Haven | $8 | 89 |
| 3 | Allstate | $11 | 89 |
| 4 | Prudential | $10 | 89 |
| 5 | Nationwide | $18 | 86 |
| 6 | State Farm | $23 | 82 |
The average monthly premiums for term life insurance in New York, New York, are $33 for men and $29 for women. Knowing these rates can help you make informed decisions when purchasing coverage.
Factors like age, health, lifestyle and occupation affect life insurance costs. Insurers assess these to determine risk.
Premiums in New York may differ from those in other areas due to local factors like economic conditions, health statistics and lifestyle trends. For example, higher health care costs or more common health issues can increase premiums, while lower costs and healthier lifestyles may lower them.
Mutual of Omaha offers the best life insurance for men in New York, with a MoneyGeek score of 89 out of 100.
The average monthly premium for the best life insurance for men in New York, provided by Mutual of Omaha, is $27.
Mutual of Omaha provides the best life insurance for women in New York, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in New York, offered by Mutual of Omaha, is $22.
Life insurance in New York may differ from other cities in the state due to specific regulations and higher living costs. For example, New York enforces strict rules on policy disclosures and financial stability for insurers. While these protections benefit policyholders, they can also result in higher premiums.
If a life insurance company in New York goes bankrupt, the state's Life Insurance Guaranty Corporation protects policyholders by ensuring that claims are paid up to certain limits.
New York residents might need life insurance to provide financial security for their families. If the policyholder passes away, life insurance can cover living expenses, mortgage payments and education costs.
To find a lost life insurance policy in New York, check personal records and contact the deceased's financial advisors. The New York State Department of Financial Services can also assist in locating unclaimed life insurance benefits.
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.
