Best Life Insurance in Norman, OK (November 2024)

If you're looking for the best life insurance in Norman, Oklahoma, Mutual of Omaha stands out for men, with a MoneyGeek score of 91 and an average monthly premium of $43. For women, Protective is the best provider, with a MoneyGeek score of 92 and an average monthly premium of $30. These scores and premium costs are specific to a 20-year term policy with $500,000 coverage.

When choosing life insurance, consider factors like your health, age and financial goals. The best provider might vary based on your unique needs. Always compare different options to find the best fit for your situation.

The best life insurance provider in Norman differs for men and women. Mutual of Omaha offers the best life insurance for men, with a MoneyGeek score of 91 and an average monthly premium of $43. For women, Protective is the top choice with a MoneyGeek score of 92 and a monthly premium of around $30.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $43 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $44 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $30 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $38 per month for women

Mutual of Omaha stands out for men due to its high MoneyGeek score and competitive monthly premium. Protective leads for women, offering the highest score and the lowest premium. These companies provide reliable options for anyone seeking life insurance in Norman.

Mutual of Omaha offers the best term life insurance for men in Norman, with a MoneyGeek score of 91 and an average monthly premium of $21. For women, Protective leads with a MoneyGeek score of 92 at $16 per month. These companies provide reliable coverage that balances quality and cost, making them a smart choice for individuals in Norman seeking term life insurance.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $21 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $22 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $16 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Term life insurance is a policy that provides coverage at a fixed rate of payments for a limited period, known as the term. For example, someone might purchase term insurance because it is often more affordable and straightforward than whole life insurance. It offers protection for key financial responsibilities like raising a family or paying off a mortgage.

Protective is the premier provider of the best whole life insurance in Norman, with a MoneyGeek score of 92 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability, which are key factors for individuals looking for reliable life insurance coverage.

Top whole life companies for men in Norman:

• 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 Norman:

• 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 permanent policy that remains in effect for the insured's lifetime, provided premiums are paid. It can be an attractive option for those who want consistent premiums and a guaranteed death benefit. For example, an individual may choose whole life insurance to ensure their family has financial support, no matter when they pass away.

Protective is the best universal life insurance provider in Norman for men and women, with a MoneyGeek score of 91 for each. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective an ideal choice for the average individual seeking a reliable universal life insurance policy.

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 type of permanent life insurance that offers a death benefit and a savings component, allowing for flexible premiums and the potential for cash value growth. For example, an individual interested in long-term financial planning might choose universal life insurance because it can be structured to provide a safety net during retirement or to leave a legacy for heirs.

When looking for the best no-medical-exam life insurance in Norman, Protective stands out for men and women, with a MoneyGeek score of 91. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable choice for the average individual seeking life insurance without the hassle of 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 without a required medical exam allows individuals to secure coverage more quickly and with less effort than traditional policies that require a medical check-up. For instance, someone with a busy schedule or a fear of medical procedures might opt for this type of insurance for convenience.

For men seeking the best term life for seniors in Norman, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $86. Protective leads for women with a MoneyGeek score of 91 and an average monthly premium of $69.

Age is a determining factor in insurance premiums; as the likelihood of health issues increases with age, so does the cost of insurance. Mutual of Omaha's and Protective's high MoneyGeek scores reflect their balance of affordability, customer satisfaction and financial stability, making them standout choices for seniors in Norman.

For men and women in Norman seeking the best term life for smokers, Mutual of Omaha stands out with the highest MoneyGeek scores of 90 and 88, respectively. Men can expect an average monthly premium of $48, while women's premiums are approximately $49.

Smoking is a significant factor in life insurance premiums due to the increased health risks it poses, often leading to higher costs for smokers. Mutual of Omaha's top scores suggest a strong combination of affordability, customer satisfaction and financial stability, which are crucial for those looking for reliable coverage amidst the added concerns that come with smoking.

In Norman, Protective offers the best term life insurance for young adults with a MoneyGeek score of 92. The average monthly premiums are $10 for women and $14 for men.

Age significantly impacts life insurance premiums, with younger individuals generally benefiting from lower rates. Protective's high scores in affordability, customer satisfaction and financial stability contribute to its top ranking. It is a reliable choice for those seeking the best term life insurance for young adults.

Nationwide is the top provider for men seeking the best cheap term life insurance in Norman. It has a MoneyGeek score of 93 and an average monthly premium of $20. Its top rank is due to its high scores in affordability, buying process and financial stability. For women, Protective stands out with a MoneyGeek score of 92 and a monthly premium of around $13. Protective's high scores in affordability, customer satisfaction and financial stability make it a leading choice for women needing term life insurance.

Factors affecting life insurance premiums include age, health and the coverage amount. To get the lowest premiums, maintain a healthy lifestyle, choose a suitable coverage amount and compare different providers.

The average cost of term life insurance in Norman is $29 per month for women and $38 per month for men. These figures reflect the typical premiums consumers can expect to pay in the area.

Several factors influence life insurance premiums, such as age, health, lifestyle, occupation and the amount of coverage chosen. For example, younger and healthier individuals often pay lower premiums than older adults or those with pre-existing health conditions.

The cost of life insurance in Norman might be higher or lower than in other parts of Oklahoma due to various local factors. Health statistics, crime rates and economic conditions in Norman can impact the cost of premiums. Additionally, lifestyle choices and occupational risks prevalent in the area could play a role. Understanding these elements can help you make informed decisions about your life insurance needs.