Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance provider in Richmond, California, for men and women. Protective has a MoneyGeek score of 91 for women and 92 for men. The monthly premium cost is $26 for women and $27 for men.
When deciding on life insurance, consider different factors such as your age, health and financial goals. These scores and premium costs are based on a 20-year term policy and $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 Richmond, California.
Coverage costs and company information for life insurance providers were updated in September 2024.
BestLife InsuranceRichmond, CABest Life Insurance Companies in Richmond
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 Richmond for men and women, with a MoneyGeek score of 92 out of 100 and a monthly premium of $27 for men, and a score of 91 out of 100 and a monthly premium of $26 for women.
The top providers for men are:
The top providers for women are:
Protective stands out for its high MoneyGeek scores and affordable premiums. This combination makes it a strong choice for the average individual looking to purchase life insurance in Richmond. The company's balanced approach to affordability, customer satisfaction and financial stability provides a reliable option for consumers.
Protective stands out as the premier choice for life insurance in Richmond, catering to men and women with a MoneyGeek score of 92 and 91, respectively. Men can secure a policy at an approximate monthly premium of $27, while women can do so for about $26. With stellar customer satisfaction and strong financial stability, Protective offers reliable coverage at competitive rates.
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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.
For those seeking the best term life insurance in Richmond, Protective stands out for men and women with a MoneyGeek score of 92 out of 100 and a monthly premium of $14. The company offers a balance of affordability, customer satisfaction and financial stability, making it a compelling choice for the average individual in need of term life insurance.
The top providers for men are:
The top providers for women are:
Term life insurance provides coverage for a specific period, offering a death benefit if the insured passes away during the term. For example, a parent might choose term insurance to ensure that their child's education costs are covered in the event of their untimely death.
Protective stands out as the best term life insurance provider for women and men in Richmond, boasting a MoneyGeek score of 92 and a monthly premium of $14 for both. With its top rank in the state, Protective offers a blend of value and reliability that is hard to beat.
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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.
The best whole life insurance in Richmond is from Protective, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to affordability, customer satisfaction and financial stability.
The average individual looking for whole life insurance would benefit from Protective's comprehensive coverage options and high customer satisfaction ratings.
The top providers for men are:
The top providers for women are:
Whole life insurance is a type of permanent life insurance that offers a death benefit and a cash value component, which grows over time. It can be a suitable option for individuals who want a guaranteed payout to their beneficiaries, regardless of when they pass away. For example, a parent looking to provide for their children's future, even in the event of an untimely death, might choose whole life insurance for its lifelong coverage and financial security.
In Richmond, Protective stands out as the best whole life insurance provider for men and women, boasting a MoneyGeek Score of 92 for each. This score reflects the company's commitment to excellence across several key categories, making it a reliable choice for consumers seeking comprehensive insurance solutions.
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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 stands out with the best universal life insurance in Richmond, with a MoneyGeek score of 91 for men and women. This score reflects the company's commitment to affordability, customer satisfaction and financial stability, making it an ideal choice for the average individual seeking reliable life insurance coverage.
The top providers for men are:
The top providers for women are:
Universal life insurance offers a flexible premium and death benefit, which can be adjusted to fit changing personal circumstances. For instance, someone might prefer universal life insurance for its potential cash value accumulation, which can serve as a financial resource during retirement.
In Richmond, Protective stands out as the premier choice for universal life insurance, catering to men and women with an impressive MoneyGeek score of 91. This reflects a strong blend of customer satisfaction, affordability 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.
In Richmond, Protective provides the best life insurance without a required medical exam for men and women, with a MoneyGeek score of 91. This score reflects the company's commitment to affordability, customer satisfaction and financial stability
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance allows individuals to obtain coverage quickly and without the need for a medical check-up. For example, someone with a busy schedule or a dislike of medical exams might opt for this type of insurance for convenience.
In Richmond, Protective provides the best no-medical-exam life insurance for men and women. With a MoneyGeek score of 91 for each, Protective offers a balanced blend of affordability, satisfaction and 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.
For older men in Richmond seeking the best term life insurance for seniors in Richmond, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $73. Women find Protective at the top, earning a MoneyGeek score of 92 and a $67 average monthly premium.
Age impacts life insurance premiums because insurers weigh the increased health risks that come with age. Mutual of Omaha and Protective stand out due to their strong performance across affordability for seniors, customer satisfaction, buying process, financial stability and product diversity.
| 1 | Protective | $64 | 91 |
| 2 | Mutual of Omaha | $72 | 91 |
| 3 | Nationwide | $61 | 90 |
| 4 | Allstate | $59 | 89 |
| 5 | Transamerica | $59 | 88 |
| 6 | AAA | $81 | 88 |
| 7 | Prudential | $62 | 87 |
| 8 | State Farm | $95 | 86 |
| 9 | Haven | $127 | 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.
In Richmond, the best term life insurance for smokers is from Mutual of Omaha stands out with the highest MoneyGeek score of 90 for men and 89 for women. Men can expect a monthly premium of about $70, while women's premiums are approximately $78.
Smoking significantly influences life insurance premiums due to the associated health risks, leading insurers to charge higher rates to account for the increased likelihood of claims. Mutual of Omaha's top scores reflect its strong customer satisfaction, diverse product offerings and robust financial stability.
| 1 | Mutual of Omaha | $70 | 90 |
| 2 | Nationwide | $67 | 89 |
| 3 | AAA | $72 | 88 |
| 4 | Prudential | $55 | 88 |
| 5 | Transamerica | $64 | 87 |
| 6 | Protective | $113 | 87 |
| 7 | Haven | $69 | 86 |
| 8 | State Farm | $98 | 84 |
| 9 | Allstate | $96 | 84 |
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.
For the best term life insurance for young adults in Richmond, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $8 for men and women.
Age plays a significant role in life insurance premiums, with younger individuals generally benefiting from lower costs. Protective's high scores in customer satisfaction and affordability contribute to its top ranking.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $10 | 90 |
| 4 | Allstate | $8 | 89 |
| 5 | Transamerica | $8 | 88 |
| 6 | AAA | $11 | 88 |
| 7 | Prudential | $12 | 85 |
| 8 | State Farm | $15 | 85 |
| 9 | Haven | $13 | 84 |
| 10 | Bestow | $18 | 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.
For those seeking the best cheap term life insurance in Richmond, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $14. Protective's high MoneyGeek score is attributed to its affordability, customer satisfaction and financial stability.
Factors such as age, health, coverage amount and term length influence life insurance premiums. To secure the lowest premiums, maintain good health, choose a shorter term length and opt for a lower coverage amount.
| 1 | Protective | $14 | 92 |
| 2 | Allstate | $14 | 91 |
| 3 | Nationwide | $16 | 91 |
| 4 | Transamerica | $14 | 91 |
| 5 | Mutual of Omaha | $17 | 89 |
| 6 | AAA | $18 | 87 |
| 7 | Prudential | $18 | 85 |
| 8 | State Farm | $24 | 82 |
| 9 | Haven | $23 | 82 |
The average monthly premium for term life insurance in Richmond is $24 for women and $26 for men. Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation and the length of the policy term.
Richmond's life insurance premiums might be different from the rest of California due to various reasons. Local health statistics, cost of living, and specific risk factors associated with the area can all play a role. For instance, if Richmond has higher healthcare costs or a higher prevalence of certain health conditions, this could drive up insurance premiums. Conversely, if the area has a lower cost of living or fewer risk factors, premiums might be lower.
Protective offers the best life insurance in Richmond for men. The company has the highest MoneyGeek score of 92. Protective's policy is highly rated for affordability and customer satisfaction.
The monthly premium cost for the best life insurance for men in Richmond is $27. Protective provides this plan, which is affordable and highly rated for customer satisfaction.
Protective offers the best life insurance in Richmond for women. The company has the highest MoneyGeek score of 91. Protective's policy is known for its affordability and customer satisfaction.
The monthly premium cost for the best life insurance for women in Richmond is $26. Protective provides this plan, which is affordable and highly rated for customer satisfaction.
Life insurance in Richmond has similarities and differences compared to the rest of California. For example, Protective is the top-rated company in Richmond, whereas other cities may have different top providers. Richmond's premiums are competitive, but the overall market trends and customer satisfaction levels can vary across the state.
If a life insurance company goes bankrupt in Richmond, state guaranty associations typically step in to protect policyholders. These associations provide coverage up to certain limits, ensuring that policyholders do not lose their benefits. Understand the specific limits and protections offered by the California Life and Health Insurance Guarantee Association.
Richmond residents might need life insurance for several reasons. Life insurance can provide financial security for families in case of the policyholder's death. It can cover funeral expenses, pay off debts, and ensure that dependents maintain their standard of living. Additionally, it can be a tool for estate planning and leaving a legacy.
To find a lost life insurance policy in Richmond, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the California Department of Insurance for assistance. Additionally, national databases like the National Association of Insurance Commissioners' Life Insurance Policy Locator can help track down lost policies.
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.
