Best Life Insurance in Norfolk, VA (August 2024)

Protective is the best life insurance company in Norfolk, Virginia, for men and women, with a MoneyGeek score of 92 for both. The monthly premium cost is $19 for women and $23 for men. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider different factors that may affect your needs. Your unique situation may mean a different company is best for you.

Protective offers the best life insurance in Norfolk for men and women, with a MoneyGeek score of 92 out of 100 and a monthly premium of $23 for men and $19 for women. The top providers for men are:

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $23 per month
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $26 per month

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $19 per month
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $21 per month

Protective stands out as the best choice for life insurance in Norfolk due to its high MoneyGeek scores for men and women. The company offers competitive monthly premiums and excellent overall value, making it a reliable option for those seeking comprehensive life insurance coverage.

Protective provides the best term life insurance in Norfolk for men and women, with a MoneyGeek score of 92 out of 100. This score reflects Protective's strong performance across affordability, customer satisfaction, and financial stability, making it a top choice for individuals seeking reliable term life insurance coverage without overpaying. Men can secure a policy at approximately $11 per month, while women can do so for about $10 per month.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $11 per month
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $13 per month

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $10 per month
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $13 per month

Term life insurance is a policy where coverage is provided for a certain period, offering a death benefit if the insured passes away during the term. For example, someone might choose term life insurance to ensure their family's financial stability during their working years, which is typically more affordable compared with permanent life insurance options.

Protective stands out in Norfolk with the highest MoneyGeek score of 92 for both men and women, making the best whole life insurance provider in the region. This score suggests that Protective excels in affordability, customer satisfaction, buying process, financial stability and product diversity.

The top providers for men are:

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

The top providers for women are:

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

Whole life insurance is a permanent policy that provides coverage for the insured's entire lifetime, as long as premiums are paid. It can be an attractive option if you’re seeking a stable, long-term financial planning tool that includes a savings component.

Protective is the best universal life insurance provider in Norfolk, with a MoneyGeek score of 91 for men and women. This score reflects the company's strong performance across affordability, customer satisfaction, buying process, 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 type of permanent life insurance that offers flexible premiums and the potential to accumulate cash value over time. It's an attractive option for those who desire long-term coverage with the added benefit of an investment component. This might benefit, for example, a person looking to secure their family's financial future while also investing in their retirement.

Protective stands out in Norfolk with the best life insurance with no mandatory medical exam, with a MoneyGeek score of 91 for men and women. Protective's high score suggests a combination of affordability, customer satisfaction, and financial stability, making it a solid choice for individuals seeking coverage without undergoing a medical examination.

The top providers for men are:

• Protective: MoneyGeek score of 91
• Mutual of Omaha: MoneyGeek score of 90

The top providers for women are:

• Protective: MoneyGeek score of 91
• Mutual of Omaha: MoneyGeek score of 90

No-medical-exam life insurance allows individuals to obtain coverage more quickly and with less hassle than traditional policies. For instance, someone with a busy lifestyle or a minor health issue might choose this option to avoid the time-consuming medical underwriting process.

For those in search of the best term life insurance for seniors in Norfolk, Protective stands out with a MoneyGeek score of 92 for men and 91 for women, and monthly premiums of $49 and $45, respectively.

Age influences the cost of premiums, with older individuals typically facing higher rates due to the increased risk to insurers. Protective's high MoneyGeek scores reflect a strong balance of affordability, customer satisfaction, and financial stability, making it a compelling choice for seniors prioritizing cost and quality in their insurance selection.

For those seeking the best term life insurance for smokers in Norfolk, Mutual of Omaha stands out with the highest MoneyGeek scores for men and women. The company offers a monthly premium of $54 for men and $53 for women, with scores of 90 and 88, respectively.

Smoking is a key factor in determining life insurance premiums because it poses greater health risks and potential costs for insurers. Mutual of Omaha's high scores reflect its solid performance in affordability, customer satisfaction, buying process, and financial stability, making it a compelling choice for individuals who smoke.

For the best term life insurance for young adults in Norfolk, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $7 for men and $6 for women.

Age is a significant factor in determining life insurance premiums, with younger adults generally benefiting from lower costs. Protective's high MoneyGeek score reflects its strong performance in affordability, customer satisfaction, and financial stability.

For the best cheap term life insurance in Norfolk, Protective stands out with a MoneyGeek score of 92 and monthly premiums of $11 for men and $10 for women. Factors influencing life insurance premiums include age, health, coverage amount and term length.

To secure the lowest premiums, maintain a healthy lifestyle, choose an appropriate coverage amount, and consider a shorter term length. Protective's top ranking is due to its balance of affordability, customer satisfaction and financial stability.

The average cost of term life insurance premiums in Norfolk is $22 per month for men and $18 per month for women. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage. Insurers assess these factors to determine the risk associated with insuring a person.

The cost of life insurance in Norfolk might be higher or lower compared with the rest of Virginia due to various regional factors. Local health statistics can influence premiums because areas with higher rates of chronic illnesses might see higher costs. The cost of living can also play a role, with higher living costs potentially leading to higher premiums. Regional insurance regulations and market competition can impact the cost of premiums.