Best Life Insurance in Philadelphia, PA (August 2024)


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Protective is the best life insurance company in Philadelphia for both men and women. The MoneyGeek score for men is 91 out of 100, with an average monthly premium of $27. For women, the MoneyGeek score is 92, with an average premium of $24 per month.

Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs 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 Philadelphia, Pennsylvania.

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Coverage costs and company information for life insurance providers were updated in August 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsurancePhiladelphia
2024

Best Life Insurance Companies in Philadelphia

Overall Best Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Philadelphia for both men and women, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premium is $27 for men and $24 for women.

Top providers for men:

  • Protective: MoneyGeek score of 91 out of 100 at $27 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $33 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $24 per month for women
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $30 per month for women

Protective stands out due to its high customer satisfaction scores and affordable premiums. This makes it a great choice for individuals seeking reliable life insurance in Philadelphia.

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MoneyGeek Top Pick
Protective

When it comes to securing life insurance in Philadelphia, Protective stands out for both men and women. With a MoneyGeek score of 92, Protective offers affordable monthly premiums. Consumers can rely on this provider for a straightforward choice in life insurance coverage.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

In Philadelphia, Protective is the best term life insurance provider for both men and women, with a MoneyGeek score of 92 and an average monthly premium of $12.

The top two term life insurance companies for men are:

  • Protective: MoneyGeek score of 92 out of 100 at $12 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $14 per month for men

The top two term life insurance companies for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $12 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $14 per month for women

Term life insurance is a straightforward product designed to offer peace of mind during a set term. For example, a parent might purchase a 20-year term policy to ensure their child's education costs will be covered in the event of their untimely death.

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MoneyGeek Top Pick
Protective

In Philadelphia, men and women seeking the best term life insurance should consider Protective. With a MoneyGeek score of 92, Protective is known for its combination of quality and affordability, offering a monthly premium of $12 for men and women.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Limited product diversity

Best Whole Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

In Philadelphia, Protective offers the best whole life insurance for both men and women, with a MoneyGeek score of 92. This high score suggests that Protective offers a combination of affordability, customer satisfaction and financial stability that is hard to beat for those seeking a reliable insurance policy.

Top whole life companies for men in Philadelphia:

  • 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 Philadelphia:

  • 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 provides lifelong coverage, building cash value that can serve as a financial safety net or as an investment component. For example, someone might choose whole life insurance for the guaranteed coverage and the potential to borrow against the policy's cash value.

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MoneyGeek Top Pick
Protective

Protective is the premier provider of whole life insurance in Philadelphia, earning a MoneyGeek score of 92 for both men and women. This score reflects a balance of cost, customer satisfaction and stability.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Compare Life Insurance Rates

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.

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Best Universal Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

Based on comprehensive data, Protective emerges as the provider with the best universal life insurance in Philadelphia for both men and women. It has a MoneyGeek score of 91 for both women and men. This score reflects a balanced offering that meets the needs of the average individual.

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. For instance, someone seeking long-term financial planning might choose universal life insurance for its potential cash value growth.

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MoneyGeek Top Pick
Protective

Protective stands out as the best universal life insurance provider in Philadelphia, offering exceptional value for both men and women. Protective demonstrates a strong commitment to customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Limited product diversity
  • Room for improvement in buying process

Best No-Medical-Exam Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

The Protective company emerges as the top provider of the best no-medical-exam life insurance in Philadelphia, with a MoneyGeek score of 91 for both men and women. The average person in Philadelphia can trust in Protective's reputable service and product offerings.

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

No-medical-exam life insurance is a policy that grants coverage without the need to undergo a health examination.

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MoneyGeek Top Pick
Protective

Protective stands out as the premier choice for no-medical-exam life insurance in Philadelphia, offering excellent service to both men and women. With an overall MoneyGeek score of 91 for each gender, Protective demonstrates its commitment to quality coverage and customer satisfaction.

Pros

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons

  • Limited product options
  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Philadelphia, PA

How was this MoneyGeek score calculated?

Protective emerges as the leading provider of the best term life insurance for seniors in Philadelphia, having a MoneyGeek score of 92 for both men and women. Men can expect an average monthly premium of $56, while women are quoted at $55. Age significantly affects life insurance premiums; as individuals enter their senior years, the likelihood of health-related issues increases, which in turn raises the cost of insurance.

Best Term Life Insurance for Seniors in Philadelphia
Data filtered by:Results filtered by:
gender:
gender:M
1Protective$5692
2Mutual of Omaha$6091
3Nationwide$5690
4AAA$6988
5Transamerica$5588
6Allstate$6887
7Prudential$7086
8State Farm$10485
9Haven$10982

Best Term Life Insurance for Smokers in Philadelphia, PA

How was this MoneyGeek score calculated?

For those searching for the best term life insurance for smokers in Philadelphia, Mutual of Omaha stands out with the highest MoneyGeek scores for both men and women. Men receive a MoneyGeek score of 91 and an average monthly premium of $32, while women score 90 with a monthly premium of $31. Smoking is a significant factor in determining life insurance premiums, as it increases health risks and the likelihood of insurance claims.

Best Term Life Insurance for Smokers in Philadelphia
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3291
2Allstate$2989
3Nationwide$4088
4AAA$3888
5Transamerica$3088
6Protective$5187
7Prudential$3287
8State Farm$4586
9Haven$5882

Best Term Life Insurance for Young Adults in Philadelphia, PA

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Philadelphia, Protective tops the list for both men and women with a MoneyGeek score of 92. The monthly premium is $8 on average for men and $7 for women. Age plays a significant role in determining life insurance premiums.

Younger adults often benefit from lower rates as they are generally healthier and pose less risk to insurers. Protective's high MoneyGeek score reflects its strong performance in affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in Philadelphia
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$892
2Mutual of Omaha$991
3Nationwide$990
4AAA$1089
5Transamerica$888
6Allstate$1286
7Haven$1185
8Prudential$1484
9State Farm$1784
10Bestow$1983

Best Cheap Term Life Insurance in Philadelphia, PA

How was this MoneyGeek score calculated?

Protective offers the best cheap term life insurance in Philadelphia for both men and women. With a MoneyGeek score of 92 and an average monthly premium of $12, it offers a balanced mix of affordability, customer satisfaction and financial stability. Premiums are influenced by several factors, including age, health, coverage amount and term length.

Best Cheap Term Life Insurance in Philadelphia
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1292
2Nationwide$1591
3Mutual of Omaha$1491
4Transamerica$1390
5AAA$1689
6Allstate$1986
7Prudential$2184
8Haven$2084
9State Farm$2682

Average Cost of Term Life Insurance in Philadelphia, PA

The average monthly premium for term life insurance in Philadelphia is $24 for women and $27 for men. These costs are influenced by several factors, including age, health, lifestyle, occupation and the amount of coverage desired.

The cost of life insurance in Philadelphia might be higher or lower compared to the rest of Pennsylvania due to various reasons. Health care costs in Philadelphia may be different from those in other parts of the state. Additionally, lifestyle and economic conditions in the city can affect insurance rates. For instance, urban areas might have higher living costs, impacting the overall cost of insurance premiums.

By considering these factors, consumers can better navigate their options and find the most suitable life insurance plan for their needs.

FAQ About Life Insurance in Philadelphia, PA

What company has the best life insurance in Philadelphia for men?
What is the monthly premium cost for the best life insurance for men in Philadelphia?
What company has the best life insurance in Philadelphia for women?
What is the monthly premium cost for the best life insurance for women in Philadelphia?
Is there anything different about life insurance in Philadelphia compared to the rest of Pennsylvania?
What happens to your life insurance if a company goes bankrupt in Philadelphia?
Why might Philadelphia residents need life insurance?
How do you find a lost life insurance policy in Philadelphia?

About Mark Fitzpatrick


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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.


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