Best Life Insurance in Salt Lake City, UT (August 2024)

Protective is the best life insurance company in Salt Lake City, Utah, for men and women. The MoneyGeek score for men is 92, with a monthly premium cost of $26. For women, the MoneyGeek score is also 92, with a monthly premium cost of $25.

When deciding on life insurance, consider various factors such as affordability, customer satisfaction, and financial stability. 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.

In Salt Lake City, Protective offers the best life insurance for men and women, with a MoneyGeek score of 92 out of 100 and a monthly premium of $26 for men and $25 for women.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $26 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $31 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $25 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $30 per month for women

Protective stands out due to its high MoneyGeek scores and affordable premiums. This combination makes it the best choice for the average person seeking life insurance in Salt Lake City.

In Salt Lake City, Protective provides the best term life insurance for men and women, with a MoneyGeek score of 92 with a monthly premium of $13 for men and $14 for women. Protective offers a compelling blend of affordability, customer satisfaction and financial stability.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 at $13 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $16 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $14 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $18 per month for women

Term life insurance is a policy where coverage is provided for a certain period, offering a death benefit to beneficiaries if the insured passes away during the term. For example, a parent might opt for term life insurance to ensure their child's education expenses are covered in the event of their untimely death.

Protective stands out with the best whole life insurance in Salt Lake City, with a MoneyGeek score of 92 for men and women. This score reflects strong customer satisfaction, financial stability and product diversity.

The top providers for men are:

• Protective: MoneyGeek score of 92 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

The top providers for women are:

• 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 provides coverage for the insured's lifetime, coupled with a savings component that builds cash value. This type of insurance is ideal for those who value consistent premiums and want to leave a legacy or financial security for their beneficiaries.

Protective provides the best universal life insurance in Salt Lake City, with a MoneyGeek score of 91 for men and women. This high score indicates that Protective stands out in affordability, customer satisfaction and financial stability.

The top providers for men are:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

The top providers for women are:

• 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 allows policyholders to adjust their premiums and death benefits. For example, someone might choose universal life insurance over term life insurance for the potential to accumulate cash value that can be used during their lifetime.

In Salt Lake City, Protective provides the life insurance without a required medical exam for men and women, with a MoneyGeek score of 91. This score reflects the company's excellence in affordability, customer satisfaction, the buying process, financial stability and product diversity.

The top providers for men are:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

The top providers for women are:

• 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 allows people to obtain coverage without undergoing a medical examination. This can be particularly advantageous for those who have health concerns or prefer a quicker and more convenient insurance buying process.

In Salt Lake City, Protective provides the best term life insurance for seniors, offering robust coverage for men and women. Men enjoy a score of 92 and a monthly premium of $57, while women benefit from a score of 91 and a monthly premium of $61.

As seniors age, their life insurance premiums typically increase due to higher associated risks. Protective's top score signifies a balanced blend of affordability, customer satisfaction, a streamlined buying process, financial stability and product diversity.

For those seeking the best term life insurance for smokers in Salt Lake City, Mutual of Omaha emerges as the top provider for both men and women, with a MoneyGeek score of 90 and 89, respectively, and monthly premiums of $64 for men and $73 for women.

Smoking is a factor insurers consider due to the associated health risks, which generally results in higher premiums for smokers compared to non-smokers. Mutual of Omaha's high scores reflect their balance of affordability, customer satisfaction and financial stability.

For the best term life insurance for young adults in Salt Lake City, Protective stands out for men and women with a MoneyGeek score of 92 and a monthly premium of $9.

Age significantly impacts 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. These factors make it an excellent choice for young adults seeking the best term life insurance in Salt Lake City.

In Salt Lake City, Protective offers the best cheap term life insurance for men and women, with a MoneyGeek score of 92 and monthly premiums of $13 and $14, respectively.

The cost of life insurance premiums is influenced by factors such as age, health, coverage amount and term length. To secure the lowest premiums, maintain excellent health, avoid tobacco and choose a shorter term length with adequate coverage. Protective's high MoneyGeek score is due to its affordability, customer satisfaction and financial stability.

The average monthly premium for term life insurance in Salt Lake City is $25 for women and $27 for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle choices, the type of policy, and the amount of coverage. Younger, healthier individuals typically pay lower premiums, while those with health issues or high-risk lifestyles may face higher costs.

The cost of life insurance in Salt Lake City might be different compared with the rest of Utah due to various local factors. These could include regional health statistics, the cost of living and specific risk factors associated with the area. For instance, higher healthcare costs or a higher prevalence of certain health conditions in Salt Lake City could lead to higher premiums. Conversely, a lower cost of living or fewer regional health risks might result in lower premiums.

Understanding these factors can help you make informed decisions when purchasing life insurance. Consider your unique circumstances and how they might impact your premiums.