For men, the top life insurance provider is Nationwide with a MoneyGeek score of 97 and a monthly premium cost of $16. For women, Nationwide also leads with a MoneyGeek score of 95 and a monthly premium of $16. When considering a life insurance purchase, factors such as coverage, affordability, and company stability should be evaluated to determine the best fit for your specific needs.
Best Life Insurance in South Carolina (November 2024)
Nationwide excels in customer satisfaction and is the best life insurance in South Carolina for both men and women, with scores of 97 and 95, respectively.
Updated: November 21, 2024
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Best Life Insurance Companies in South Carolina
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 South Carolina.
Coverage costs and company information for life insurance providers were updated in May 2024.
Best Life Insurance in South Carolina: Summary
- Best Whole Life Insurance
- Best Universal Life Insurance
- Best Cheap Life Insurance
- Best Life Insurance Overall
- Best Term Life Insurance
- Best Term Life Insurance for Smokers
- Best Term Life Insurance for Young Adults
- Best Term Life Insurance for Seniors
- Best No Medical Exam Life Insurance
- F
- M
Nationwide | 1 | 97 |
GEICO | 2 | 96 |
Haven | 3 | 95 |
Mutual of Omaha | 4 | 95 |
Protective | 5 | 93 |
State Farm | 6 | 93 |
Transamerica | 7 | 91 |
Prudential | 8 | 91 |
AAA | 9 | 90 |
Allstate | 10 | 89 |
Overall Best Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies South Carolina:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Nationwide is the top-ranking life insurance company in South Carolina, according to MoneyGeek, with a score of 97 for men and 95 for women. The monthly premium is approximately $16 for both genders. Here are the top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 97 out of 100 ($16 per month for me; $16 per month for women)
- GEICO: MoneyGeek score of 96 out of 100 ($13 per month for men; $13 per month for women)
- Haven: MoneyGeek score of 95 out of 100 ($13 per month for men; $11 per month for women)
Nationwide provides top-tier financial security and affordable premiums for both men and women, making it a leading choice for life insurance coverage.
Best for Men: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the best life insurance provider in South Carolina for men, having a MoneyGeek score of 97. The company is affordable, with a monthly premium of approximately $16.
Pros:
- High customer satisfaction
- Favorable affordability score
- Wide product diversity
Best for Women: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the premier choice for the best life insurance in South Carolina for women. With an overall MoneyGeek score of 95 and an average monthly premium of $16, Nationwide merges affordability with excellence.
Pros:
- Exceptional customer satisfaction
- Offers a diverse range of products
- Streamlined and efficient buying process
Cons:
- Affordability may be better with other companies
- Other insurers might have more robust financial stability
Best Term Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in South Carolina:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
Nationwide is the top provider of the best term life insurance in South Carolina for both men and women. Its MoneyGeek score is 97 for men and 96 for women, and its monthly premium is approximately $13 for men and $12 for women.
The top three highest MoneyGeek scores are:
- Nationwide: MoneyGeek score of 97 out of 100 ($13 per month for men; $12 per month for women)
- GEICO: MoneyGeek score of 96 out of 100 ($10 per month for men; $10 per month for women)
- Mutual of Omaha: MoneyGeek score of 96 out of 100 ($12 per month for men; $11 per month for women)
Best Term Life: Nationwide
COMPANY HIGHLIGHTS
Introduction:
Choosing the right term life insurance in South Carolina for both men and women has never been easier. With a comprehensive MoneyGeek score of 97, Nationwide stands out as the best option, offering affordability and peace of mind at a monthly premium of approximately $13.
Pros:
- High customer satisfaction
- Excellent affordability
- Diverse product offerings
Best Whole Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in South Carolina:
- Financial Stability: 35%
- Customer Satisfaction: 30%
- Buying Process: 15%
- Product Diversity: 20%
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.
State Farm is the top provider of the best whole life insurance in South Carolina, with a MoneyGeek score of 99 for both men and women. State Farm has a balance of affordability, customer satisfaction and a stable process.
Top performers with the highest MoneyGeek scores:
- State Farm: MoneyGeek score of 99 out of 100
- Nationwide: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 96 out of 100
State Farm offers outstanding value and consistent performance across the board.
Best Whole Life: State Farm
COMPANY HIGHLIGHTS
State Farm, with an outstanding MoneyGeek score of 99, stands exemplary as the best whole life insurance provider in South Carolina for both men and women. This recognition comes from the company's stellar combination of strong financial stability, diverse product offerings, and an excellent buying process.
Pros:
- Exceptional customer satisfaction
- A diverse range of insurance products
- Streamlined process of purchasing insurance
Cons:
- Affordability could be more competitive
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.
Best Universal Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in South Carolina:
- Financial Stability: 25%
- Customer Satisfaction: 25%
- Buying Process: 25%
- Product Diversity: 25%
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.
Nationwide is the company with the best universal life insurance in South Carolina for both men and women. It leads with a MoneyGeek score of 99. The top three highest MoneyGeek scores for the best universal life insurance are:
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
By opting for leading insurers, policyholders in South Carolina can be assured of financial security.
Best Universal Life: Nationwide
COMPANY HIGHLIGHTS
Nationwide offers the best universal life insurance in South Carolina for both men and women. Its unmatched MoneyGeek score of 99 is due to its commitment to customer service, affordability, product diversity and financial stability.
Pros:
- Exceptional customer satisfaction
- Praiseworthy affordability
- Notable product diversity
Best No-Medical-Exam Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in South Carolina:
- Financial Stability: 20%
- Customer Satisfaction: 25%
- Buying Process: 20%
- Product Diversity: 35%
We did not weigh affordability as we did not collect quotes for no-medical-exam-life-insurance. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide is the top-ranked provider of the best no-medical-exam life insurance in South Carolina for both men and women, with a MoneyGeek score of 99.
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 99 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
MoneyGeek's scores reflect a balanced evaluation of affordability, process, stability and diversified offerings.
Best No-Medical-Exam: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the standout choice for the best no-medical-exam life insurance in South Carolina for men and women. With a MoneyGeek score of 99, it offers comprehensive, affordable and customer-focused life insurance services.
Pros:
- Exceptional customer satisfaction
- Competitive premiums
- Diversity in insurance products
Recommended Life Insurance Coverage Amount:
Best Term Life Insurance for Seniors in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in South Carolina:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect an age of 70 for a more accurate estimate.
Nationwide is the best term life insurance provider for seniors in South Carolina, with a MoneyGeek score of 97 for men and 97 for women, costing approximately $48 and $45 monthly, respectively. Nationwide is the top choice for best term life insurance for seniors, offering quality service and affordability.
- M
- F
Nationwide | 1 | $48 | 97 |
GEICO | 2 | $40 | 97 |
Mutual of Omaha | 3 | $46 | 96 |
Haven | 4 | $45 | 94 |
Prudential | 5 | $51 | 94 |
State Farm | 6 | $90 | 93 |
Transamerica | 7 | $51 | 93 |
Protective | 8 | $65 | 92 |
AAA | 9 | $82 | 90 |
Allstate | 10 | $73 | 89 |
Best Term Life Insurance for Smokers in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in South Carolina for people who smoke:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect an active smoker for a more accurate estimate.
GEICO offers the best term life insurance for smokers in South Carolina, with the highest MoneyGeek score for men at 95. For women, Allstate takes the lead with a MoneyGeek score of 94. Men can secure a policy with GEICO at an approximate monthly premium of $24, while women have access to Allstate policies at roughly $15 per month.
- F
- M
GEICO | 1 | $24 | 95 |
Nationwide | 2 | $33 | 95 |
Mutual of Omaha | 3 | $27 | 95 |
Haven | 4 | $20 | 95 |
State Farm | 5 | $36 | 95 |
Prudential | 6 | $27 | 94 |
Allstate | 7 | $24 | 93 |
Transamerica | 8 | $25 | 93 |
Protective | 9 | $41 | 90 |
AAA | 10 | $50 | 89 |
Best Term Life Insurance for Young Adults in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in South Carolina for young adults:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide offers the best term life insurance for young adults in South Carolina, with MoneyGeek scores of 97 for women and men, and monthly premiums of $8 and $9, respectively. Nationwide performs in affordability, customer satisfaction and stability.
- F
- M
Nationwide | 1 | $9 | 97 |
GEICO | 2 | $6 | 96 |
Mutual of Omaha | 3 | $8 | 96 |
Haven | 4 | $5 | 95 |
Protective | 5 | $8 | 94 |
State Farm | 6 | $17 | 93 |
Transamerica | 7 | $9 | 92 |
Prudential | 8 | $13 | 92 |
AAA | 9 | $12 | 92 |
Allstate | 10 | $14 | 90 |
Bestow | 11 | $21 | 89 |
Best Cheap Term Life Insurance in South Carolina
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in South Carolina:
- Affordability: 50%
- Financial Stability: 15%
- Buying Process: 20%
- Customer Satisfaction: 5%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Nationwide is the top provider for men with a MoneyGeek score of 96 and a monthly premium of $13, while Haven leads for women with a score of 95 and a premium of $8. Nationwide and Haven offer the best cheap term life insurance in South Carolina due to their high MoneyGeek scores, which reflect a strong balance of affordability, product offerings and customer satisfaction.
- M
- F
Nationwide | $13 | 96 |
GEICO | $10 | 96 |
Mutual of Omaha | $12 | 95 |
Haven | $9 | 95 |
Protective | $14 | 93 |
Transamerica | $14 | 93 |
Prudential | $18 | 89 |
State Farm | $26 | 89 |
AAA | $20 | 88 |
Allstate | $21 | 88 |
Average Cost of Term Life Insurance in South Carolina
The average cost of monthly premiums for life insurance in South Carolina stands at roughly $29 for women and $39 for men. These figures reveal how gender can influence the average cost of life insurance, along with other factors such as age, health status, coverage amount and term length.
FAQ: Life Insurance in South Carolina
The best life insurance in South Carolina for men is offered by Nationwide.
The cost of life insurance in South Carolina for men varies based on age, health and coverage amount. The cost in South Carolina for men is, on average, a monthly premium of $16.
The best life insurance in South Carolina for women is offered by Nationwide.
Life insurance rates in South Carolina can vary due to age, health and coverage amount. Nationwide presents an affordable option with an average monthly premium of $16.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
sources
- South Carolina Department of Insurance. "Compliance with S.C. Code 38-63-220d Rescission of a Life Insurance Policy." Accessed May 11, 2024.