Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective offers the best life insurance in Spokane, Washington, for men and women. It has a MoneyGeek score of 92 for both genders. The average monthly premium is $23 for men and $22 for women. The score and premium costs are based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when deciding what type of life insurance to buy. 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 Spokane, Washington.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceSpokane, WABest Life Insurance Companies in Spokane
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 Spokane for men and women, with a MoneyGeek score of 92 for both. The average monthly premium is $23 for men and $22 for women.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score and affordable monthly premiums make it the best option for those seeking reliable life insurance in Spokane.
In Spokane, Protective is the top choice for life insurance, with a MoneyGeek score of 92 for men and women. Men can expect an average monthly premium of $23, while women are offered a slightly lower rate of $22 per month. This company's outstanding performance in key areas makes it a reliable option for consumers seeking life insurance coverage.
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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.
Protective is the best term life insurance provider in Spokane, with a MoneyGeek score of 92 for men and women. Its average monthly premium is $11 for men and $12 for women. The company's high score reflects its exceptional performance across affordability, customer satisfaction, buying process, financial stability and product diversity. Protective's offerings are particularly compelling for the average individual in Spokane seeking reliable term life insurance without overpaying for their coverage.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a straightforward protection plan that pays out if the insured individual passes away within a set term, making it a practical choice for those with time-bound financial responsibilities. For instance, a parent might purchase a 20-year term policy to ensure their child's education expenses are covered in the event of their untimely death.
When it comes to securing term life insurance in Spokane, Protective stands out for men and women, with a MoneyGeek score of 92 for both. Men can expect a monthly premium of around $11; for women, it's $12 per month. These rates make Protective an affordable choice without compromising quality or stability.
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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.
Protective is the leading provider of the best whole life insurance in Spokane, with a MoneyGeek score of 92 for men and women. The average individual looking for reliable life insurance coverage can trust Protective's top-notch scores, which reflect a combination of affordability, customer satisfaction and financial stability. These features make Protective an optimal choice for those prioritizing a comprehensive insurance package and peace of mind.
Top whole life companies for men in Spokane:
Top whole life companies for women in Spokane:
Whole life insurance offers a fixed premium and a guaranteed death benefit, making it a dependable choice for long-term financial planning. For instance, someone might choose whole life insurance to ensure their family's financial security or to leave a legacy, regardless of market fluctuations or personal health changes.
Protective is the top choice for the best whole life insurance for men and women in Spokane, with a MoneyGeek score of 92 for both. Protective's commitment to customer satisfaction and affordability, along with its financial stability, makes it a top contender for Spokane residents seeking reliable whole life insurance.
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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 Spokane for men and women, with a MoneyGeek score of 91 for both. This high rating indicates that Protective excels in affordability, customer satisfaction, buying process, financial stability and product diversity, making it a solid choice for those in the market for universal life insurance.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance is a flexible policy that allows policyholders to adjust their premiums and death benefits to suit their needs. For example, someone who anticipates significant life changes, such as starting a business or having a family, might choose universal life insurance for its adaptability.
For those seeking reliable universal life insurance in Spokane, Protective is the top choice for men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong commitment to customer satisfaction 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.
Protective is the top provider of the best no-medical-exam life insurance in Spokane, with a MoneyGeek score of 91 for men and women. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a reliable choice for individuals seeking coverage without the hassle of a medical exam.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance without a mandatory medical exam allows individuals to obtain coverage quickly and wineedinged for a medical assessment. For example, someone with a busy schedule or a fear of medical procedures might opt for this type of insurance to ensure their loved ones are protected without delay or discomfort.
In Spokane, Protective is the leading provider of life insurance without a required medical exam for men and women. It has a MoneyGeek score of 91 for each. Its top-tier standing is a testament to its commitment to excellence across various aspects of its service. With Protective, Spokane residents can confidently secure their future, knowing they have chosen a provider that excels in the most critical areas.
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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.
Protective offers the best term life insurance for seniors in Spokane. Men benefit from a score of 92 and an average monthly premium of $51, while women enjoy a score of 91 with a premium around $53.
Age is a key factor in the cost of life insurance premiums, with rates typically increasing as individuals get older. Protective's high score reflects a balance between affordability, customer satisfaction, product diversity and financial stability. This combination is vital for seniors who prioritize cost and the assurance of a reputable provider.
| 1 | Protective | $51 | 92 |
| 2 | Mutual of Omaha | $57 | 91 |
| 3 | Nationwide | $52 | 90 |
| 4 | AAA | $68 | 88 |
| 5 | Prudential | $50 | 88 |
| 6 | Allstate | $62 | 87 |
| 7 | Transamerica | $63 | 87 |
| 8 | State Farm | $89 | 84 |
| 9 | Haven | $100 | 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.
For those searching for the best term life insurance for smokers in Spokane, Mutual of Omaha stands out for both men and women. This provider offers a competitive edge with a MoneyGeek score of 90 and an average monthly premium of $55 for men and a score of 89 with a monthly premium of $62 for women.
Smoking influences life insurance premiums significantly due to the associated health risks, often resulting in higher costs for smokers. Mutual of Omaha's top scores reflect a balance of affordability, customer satisfaction and financial stability, which are critical factors for individuals seeking reliable coverage.
| 1 | Mutual of Omaha | $55 | 90 |
| 2 | Nationwide | $58 | 89 |
| 3 | Protective | $76 | 88 |
| 4 | AAA | $61 | 88 |
| 5 | Allstate | $52 | 88 |
| 6 | Prudential | $44 | 88 |
| 7 | Transamerica | $54 | 87 |
| 8 | State Farm | $73 | 85 |
| 9 | Haven | $92 | 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 Spokane, Protective stands out for men and women. For both, it has a MoneyGeek score of 92 and an average monthly premium of $7.
Age plays a significant role in determining life insurance premiums. Younger adults typically enjoy lower premiums because they are generally healthier and pose less risk to insurers. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability. For young adults in Spokane, choosing a provider with a high MoneyGeek score, like Protective, ensures they get the best value and coverage.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $8 | 91 |
| 3 | Nationwide | $8 | 89 |
| 4 | AAA | $9 | 88 |
| 5 | Transamerica | $9 | 86 |
| 6 | Prudential | $10 | 85 |
| 7 | Allstate | $13 | 85 |
| 8 | State Farm | $14 | 84 |
| 9 | Haven | $10 | 84 |
| 10 | Bestow | $14 | 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 the best cheap term life insurance in Spokane, Protective tops the list for men and women, with a MoneyGeek score of 92 for both. Its average monthly premium is $11 for men and $12 for women. Protective's scores are high due to its affordability, 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 | $11 | 92 |
| 2 | Nationwide | $13 | 91 |
| 3 | Mutual of Omaha | $13 | 90 |
| 4 | AAA | $15 | 88 |
| 5 | Transamerica | $15 | 87 |
| 6 | Prudential | $15 | 87 |
| 7 | Allstate | $20 | 83 |
| 8 | Haven | $18 | 83 |
| 9 | State Farm | $22 | 82 |
The average monthly premium for term life insurance in Spokane is $22 for women and $23 for men.
Several factors influence the cost of life insurance premiums. Age, health, lifestyle, occupation, policy term and coverage amount all play a role in determining rates.
In Spokane, the cost of life insurance might be higher or lower than in the rest of Washington due to local health statistics, cost of living, regional risk factors and competition among insurers. Understanding these factors can help consumers make informed decisions about their life insurance needs.
Protective has the best life insurance for men in Spokane. Its highest MoneyGeek score of 92 out of 100 reflects strong affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for men in Spokane is $23. This cost is derived from Protective's plan for a non-smoking male aged 31 to 40 in excellent health.
Protective offers the best life insurance for women in Spokane. The company's MoneyGeek score of 92 out of 100 highlights its affordability, customer satisfaction and financial stability.
The average monthly premium for the best life insurance for women in Spokane is $22. This rate is for a policy from Protective for a non-smoking female in excellent health aged 31 to 40.
Life insurance in Spokane is similar to the rest of Washington. Protective offers competitive rates and high MoneyGeek scores statewide. Spokane residents benefit from the same affordability and customer satisfaction as other regions.
If a life insurance company goes bankrupt in Spokane, policies are usually transferred to another insurer. State guaranty associations may step in to protect policyholders, ensuring coverage continues without interruption.
Spokane residents need life insurance for financial security. It provides peace of mind, ensuring loved ones are financially protected in the event of the policyholder's death. Life insurance can cover debts, funeral costs and living expenses.
To find a lost life insurance policy in Spokane, contact the insurer directly or use state resources like the Washington State Office of the Insurance Commissioner. It can assist in locating and verifying policy details.
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.
