Updated: November 21, 2024
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Protective is the best life insurance company for men and women in Rockford, Illinois, with a MoneyGeek score of 92 for both. Its average monthly premium is $37 for men and $29 for women. The score and premiums are based on a 20-year term policy with $500,000 coverage.
Different factors influence life insurance decisions. 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 Rockford, Illinois.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceRockford, ILBest Life Insurance Companies in Rockford
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 Rockford for men and women, with a MoneyGeek score of 92 for both. Its average monthly premiums are $19 and $18, respectively. The company offers a strong balance of affordability, customer satisfaction and financial stability.
Top providers for men:
Top providers for women:
Protective stands out due to its high MoneyGeek score and competitive premiums. These attributes make it an excellent choice for the average individual seeking life insurance in Rockford.
In Rockford, Protective is the leading life insurance provider for men and women, with a MoneyGeek score of 92 for each. The average monthly premium for women is $18, while men have a slightly higher cost at $19. This company stands out for its commitment to customer satisfaction and affordability, making it a top choice for life insurance coverage in the region.
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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.
In Rockford, Protective provides the best term life insurance for men and women. It has a MoneyGeek score of 92 and an average monthly premium of $9 for both genders. The company's score reflects its commitment to excellence in customer satisfaction, affordability and financial stability.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance offers a death benefit to the policyholder's beneficiaries if the policyholder passes away within a specified term, usually ranging from 10 to 30 years. For example, a parent might purchase a 20-year term life insurance policy to ensure that their children's education and living expenses will be covered in the event of their untimely death.
Protective is the top choice for men and women in Rockford seeking reliable term life insurance. It has a MoneyGeek score of 92 and an average monthly premium of $9 for both genders. The company stands out for its blend of value and quality service.
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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.
In Rockford, Protective provides the best whole life insurance, with a MoneyGeek score of 92 for men and women. The company's high scores suggest a balance of affordability, customer satisfaction and financial stability.
Top whole life companies for men in Rockford:
Top whole life companies for women in Rockford:
Whole life insurance is a type of permanent life insurance that offers a death benefit and cash value accumulation over the policyholder's lifetime. For example, someone might choose whole life insurance over term life insurance for the security that comes with knowing their coverage will not expire as long as premiums are paid.
Protective is the premier choice for the best whole life insurance in Rockford for men and women, with a MoneyGeek score of 92 for each. This score reflects a harmonious blend of affordability, customer satisfaction and financial stability.
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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 Rockford for men and women, with a MoneyGeek score of 91 for both. This score suggests that Protective offers a strong combination of affordability, customer satisfaction and financial stability.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance provides flexibility in premium payments and death benefits, which can appeal to those who want long-term coverage with the potential for cash value growth. For instance, someone might prefer universal life insurance to have the option to adjust their premiums based on their financial situation over time.
In Rockford, Protective is the premier choice for universal life insurance for men and women, with a MoneyGeek score of 91 for each. The company's exceptional ratings reflect its commitment to customer satisfaction and financial stability, making it a reliable option for life insurance seekers.
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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 Rockford, Protective is the best no-medical-exam life insurance provider for men and women, with a MoneyGeek score of 91 for both. This company offers reliable coverage without the need for a medical exam, making the insurance acquisition process more convenient and faster for the average individual.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance with no mandatory medical exam is an option for those who prefer a quicker application process or have health issues that could complicate traditional insurance underwriting. For instance, someone with a chronic illness may opt for this insurance to secure coverage without the stress of a medical assessment.
In Rockford, Protective is the leading provider of life insurance without a required medical exam, with a MoneyGeek score of 91 for men and women. The company's high scores in customer satisfaction and affordability make it a top choice for individuals seeking reliable coverage without the hassle of a medical exam.
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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.
In Rockford, Protective provides the best term life insurance for seniors, with a MoneyGeek score of 92 for men and 91 for women. The monthly premiums are approximately $41 for men and $42 for women.
Age has a direct impact on life insurance costs; premiums typically increase as individuals enter their senior years due to the higher associated risk. Protective's top MoneyGeek scores reflect its commitment to customer satisfaction, a smooth buying process and financial stability, which are critical for seniors seeking dependable term life insurance solutions.
| 1 | Protective | $41 | 92 |
| 2 | Mutual of Omaha | $46 | 91 |
| 3 | Nationwide | $42 | 90 |
| 4 | AAA | $53 | 88 |
| 5 | Prudential | $39 | 88 |
| 6 | Transamerica | $50 | 87 |
| 7 | Allstate | $59 | 86 |
| 8 | State Farm | $80 | 84 |
| 9 | Haven | $79 | 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 stands out for men and women in Rockford seeking the best term life insurance for smokers. The company has a MoneyGeek score of 90 and an average monthly premium of $44 for men, while for women, the score is 88 with an average monthly premium of $49.
Smoking is a key factor in life insurance as it increases health risks, leading to higher premiums. Mutual of Omaha's high MoneyGeek score reflects its strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity. These elements are crucial for individuals looking for reliable, cost-effective life insurance options.
| 1 | Mutual of Omaha | $44 | 90 |
| 2 | Nationwide | $47 | 89 |
| 3 | AAA | $48 | 88 |
| 4 | Protective | $61 | 88 |
| 5 | Prudential | $34 | 88 |
| 6 | Transamerica | $43 | 87 |
| 7 | State Farm | $57 | 85 |
| 8 | Allstate | $56 | 85 |
| 9 | Haven | $72 | 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.
For the best term life insurance for young adults in Rockford, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $6 for men and women.
Age plays a significant role in determining life insurance premiums, with younger individuals typically benefiting from lower costs. Protective excels with its high affordability, customer satisfaction and financial stability scores. These scores make it a top choice for those seeking the best term life insurance for young adults in Rockford.
| 1 | Protective | $6 | 92 |
| 2 | Mutual of Omaha | $7 | 91 |
| 3 | Nationwide | $7 | 89 |
| 4 | AAA | $8 | 88 |
| 5 | Transamerica | $7 | 87 |
| 6 | Prudential | $8 | 86 |
| 7 | Haven | $8 | 85 |
| 8 | Allstate | $11 | 84 |
| 9 | State Farm | $13 | 84 |
| 10 | Bestow | $11 | 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.
Protective is the leading provider for men and women in Rockford seeking the best cheap term life insurance. It has a MoneyGeek score of 92 and an average monthly premium of $9 for men and women. Protective excels in customer satisfaction and financial stability.
Age, health and coverage all influence the cost of life insurance. To get the lowest premiums, you should strive to maintain good health, avoid tobacco use and compare quotes from different insurers.
| 1 | Protective | $9 | 92 |
| 2 | Nationwide | $11 | 91 |
| 3 | Mutual of Omaha | $11 | 90 |
| 4 | AAA | $12 | 89 |
| 5 | Transamerica | $12 | 88 |
| 6 | Prudential | $12 | 88 |
| 7 | Haven | $15 | 84 |
| 8 | Allstate | $16 | 84 |
| 9 | State Farm | $20 | 82 |
The average monthly premium for term life insurance in Rockford is $17 for women and $19 for men.
Many factors affect the cost of life insurance premiums, including age, health, lifestyle choices, occupation and the amount of coverage you choose. For example, a younger, healthier individual will likely pay less than someone older or with health issues.
The cost of life insurance in Rockford might differ from the rest of Illinois for several reasons. Local health statistics, such as the prevalence of certain diseases, can impact rates. Economic conditions in Rockford may also play a role, as can specific risk factors prevalent in the area. Understanding these factors can help you make a more informed decision when purchasing life insurance.
Protective has the best life insurance for men in Rockford, with a MoneyGeek score of 92 out of 100. This score reflects high affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for men in Rockford is $19. This cost is based on a policy with a coverage group of 250K to 500K and a term length of 20 years.
Protective has the best life insurance for women in Rockford, with a MoneyGeek score of 92 out of 100. This score is due to high ratings in affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for women in Rockford is $18. This cost is for a policy with a coverage group of 250K to 500K and a term length of 20 years.
Life insurance in Rockford may differ from the rest of Illinois in terms of premium costs and available coverage options. For example, Protective's average monthly premium in Rockford is $19 for men and $18 for women, which might vary in other cities. Additionally, the specific MoneyGeek scores and rankings may differ across the state.
If a life insurance company goes bankrupt in Rockford, the policyholders are usually protected by state guaranty associations. These associations provide coverage up to certain limits, ensuring that policyholders do not lose their benefits. It is important to check the specific coverage limits and protections offered by the Illinois Life and Health Insurance Guaranty Association.
Rockford residents might need life insurance to provide financial security for their families in case of an unexpected death. Life insurance can cover funeral expenses, pay off debts and ensure that dependents are financially supported. It can also be used to leave a legacy or be donated to charitable causes.
To find a lost life insurance policy in Rockford, you can start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Illinois Department of Insurance and use online tools like the National Association of Insurance Commissioners' Life Insurance Policy Locator.
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.
