Updated: November 22, 2024
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Protective is the best life insurance company in Palm Bay, Florida, with the highest MoneyGeek score of 92 for both men and women. The average monthly premiums are $24 for men and $20 for women.
These scores and premiums are based on a 20-year term policy with $500,000 coverage, but your choice may vary based on personal needs. Consider your age, health and coverage needs when choosing life insurance.
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 Palm Bay, Florida.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsurancePalm Bay, FLBest Life Insurance Companies in Palm Bay
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.
Protective offers the best life insurance in Palm Bay for both men and women, with a MoneyGeek score of 92. Average monthly premiums are $24 for men and $20 for women.
Top providers for men:
Top providers for women:
Protective achieves high affordability, customer satisfaction and financial stability scores, making it a strong choice for reliable and cost-effective life insurance.
Protective is Palm Bay's top life insurance provider, with a MoneyGeek score of 92 and monthly premiums of $24 for men and $20 for women.
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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.
Protective is the best term life insurance provider in Palm Bay, with a MoneyGeek score of 92 and an average monthly premium of $11 for men. For women, Protective also leads with a score of 91 at $10 monthly. Its high affordability, customer satisfaction and financial stability scores make it a top choice for reliable coverage.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance offers coverage for a set period, usually 10 to 30 years. It's known for its simplicity and affordability, like when parents secure their children's financial future until they reach independence.
Protective is the best term life insurance provider in Palm Bay, with MoneyGeek scores of 92 for men and 91 for women. Monthly premiums are about $11 for males and $10 for females, offering a balance of cost and quality coverage.
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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 has the best whole life insurance in Palm Bay, achieving a MoneyGeek score of 92 for men and women. The company performs strongly in terms of customer satisfaction and financial stability.
Whole life insurance provides a fixed premium and a guaranteed death benefit, making it suitable for long-term financial planning. For instance, you might choose whole life insurance to ensure financial security for your family, regardless of market fluctuations.
Protective is the top choice for whole life insurance in Palm Bay, with a MoneyGeek score of 92 for both men and women. It offers a balance of quality service and cost-effectiveness.
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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 is the best universal life insurance provider in Palm Bay, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong combination of affordability, customer satisfaction and financial stability.
Universal life insurance combines life coverage with an investment component, allowing for cash value growth. It also provides flexibility to adjust premiums and death benefits over time. For example, someone might choose universal life insurance to modify their coverage as their financial needs change without needing a new policy.
Protective is the leading provider of universal life insurance in Palm Bay. With a MoneyGeek score of 91 for both men and women, Protective stands out for its quality service and financial stability.
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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 offers the best life insurance in Palm Bay without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance without a medical exam suits those who fear undergoing tests and prefer convenience and quick approval.
Protective is Palm Bay's top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects a balance of affordability, customer satisfaction and financial stability.
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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.
Protective offers the best term life insurance for seniors in Palm Bay, with a MoneyGeek score of 91 for men and women. The average monthly premiums are $47 for males and $43 for females.
Age affects life insurance premiums, with higher premiums for seniors due to increased health risk. Protective's top MoneyGeek score highlights its strong performance in affordability, customer satisfaction and financial stability, making it great for seniors seeking value and dependability.
| 1 | Protective | $47 | 91 |
| 2 | Mutual of Omaha | $51 | 91 |
| 3 | Nationwide | $48 | 90 |
| 4 | Allstate | $42 | 89 |
| 5 | AAA | $60 | 88 |
| 6 | Transamerica | $48 | 87 |
| 7 | Prudential | $62 | 85 |
| 8 | State Farm | $81 | 84 |
| 9 | Haven | $94 | 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 provides the best term life insurance for smokers in Palm Bay, with MoneyGeek scores of 91 for men and 90 for women. Monthly premiums average $31 for males and $28 for females.
Smoking impacts life insurance premiums due to the associated health risks. Mutual of Omaha's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — critical factors for smokers seeking coverage that fits their needs.
| 1 | Mutual of Omaha | $31 | 91 |
| 2 | Nationwide | $36 | 89 |
| 3 | AAA | $34 | 89 |
| 4 | Transamerica | $27 | 88 |
| 5 | Protective | $45 | 88 |
| 6 | Prudential | $29 | 87 |
| 7 | State Farm | $42 | 86 |
| 8 | Allstate | $42 | 85 |
| 9 | Haven | $55 | 82 |
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.
Protective offers the best term life insurance for young adults in Palm Bay, with a MoneyGeek score of 92 and average monthly premiums of $7 for men and $6 for women.
Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $8 | 91 |
| 3 | Nationwide | $8 | 90 |
| 4 | AAA | $9 | 89 |
| 5 | Allstate | $7 | 89 |
| 6 | Transamerica | $7 | 88 |
| 7 | State Farm | $14 | 86 |
| 8 | Haven | $10 | 86 |
| 9 | Prudential | $12 | 85 |
| 10 | Bestow | $21 | 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.
In Palm Bay, Protective offers the best cheap term life insurance, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $11 for males and $10 for females.
Age, health, coverage amount and term length affect insurance premiums. To get the lowest premiums, maintain good health, choose a suitable coverage amount and consider a shorter term length.
| 1 | Protective | $11 | 92 |
| 2 | Allstate | $10 | 91 |
| 3 | Nationwide | $13 | 91 |
| 4 | Mutual of Omaha | $12 | 90 |
| 5 | Transamerica | $11 | 90 |
| 6 | AAA | $14 | 88 |
| 7 | Haven | $17 | 83 |
| 8 | State Farm | $21 | 82 |
| 9 | Prudential | $19 | 82 |
In Palm Bay, the average monthly costs of term life insurance are $19 for women and $22 for men.
Insurers assess your age, health, lifestyle, policy terms and coverage amount to determine your risk and premium. Understanding these factors can help you select the right life insurance policy.
Life insurance costs in Palm Bay may be higher or lower than in other parts of Florida, driven by local health statistics, average income levels, prevalent risk factors and competition among insurers.
Protective has the best life insurance in Palm Bay for men, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for men in Palm Bay is $24.
Protective offers women the best life insurance in Palm Bay, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Palm Bay is $20.
Life insurance in Palm Bay is similar to the rest of Florida. Protective has competitive rates and high MoneyGeek scores across the state. Factors like term length, coverage amount and health ratings influence premiums statewide.
If a life insurance company goes bankrupt in Palm Bay, state guaranty associations ensure coverage up to certain limits, providing financial security and peace of mind.
Palm Bay residents might need life insurance for financial security and peace of mind. It helps cover expenses like mortgages, education and daily living costs in the event of an untimely death.
To find a lost life insurance policy in Palm Bay, check personal records and contact the insurance company. The National Association of Insurance Commissioners also offers a policy locator service to assist in the search.
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.
