Best Life Insurance in Springfield, MO (October 2024)

If you're looking for the best life insurance in Springfield, Missouri, the top providers differ for men and women. For women, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $17. For men, Mutual of Omaha leads with a MoneyGeek score of 91 and a monthly premium of $24.

When deciding on life insurance, consider various factors such as your age, health 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.

The best life insurance provider in Springfield for men is Mutual of Omaha with a MoneyGeek score of 91 and a monthly premium of $24. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $17.

The top providers for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $24 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $25 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $17 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $21 per month for women

Mutual of Omaha and Protective are top choices for life insurance in Springfield due to their high MoneyGeek scores, which indicate strong performance across affordability, customer satisfaction and financial stability.

In Springfield, Mutual of Omaha provides the best term life insurance for men with a MoneyGeek score of 92, at a monthly premium of $10. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $8. The top scores reflect a balance of affordability, customer satisfaction and financial stability.

The top providers for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $10 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $11 per month for men

The top providers for women are:

• Protective: MoneyGeek score of 92 out of 100 at $8 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

Term life insurance provides a death benefit to beneficiaries if the policyholder passes away within a set period. For example, a parent may purchase a 20-year term policy to ensure their child's education is funded in the event of their untimely death.

In Springfield, Protective provides the best whole life insurance for men and women, with a MoneyGeek score of 91. This company offers a policy that combines financial stability and high customer satisfaction.

The top providers for men are:

• Protective: MoneyGeek score of 91 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 91 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 entire lifetime, as long as premiums are paid. It can be an attractive option for those who want the security of a fixed premium and a guaranteed death benefit. For example, someone might choose whole life insurance to ensure their family is financially protected or to leave a legacy.

The best universal life insurance in Springfield, is from Protective, with a MoneyGeek score of 91 for men and women. This score indicates a strong performance across affordability, customer satisfaction, 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

Universal life insurance offers flexibility in premiums and death benefits, making it a versatile choice for long-term financial planning. For example, someone might choose universal life insurance for its potential cash value accumulation, which can serve as a financial resource during retirement.

In Springfield, Protective provides the best life insurance with no mandatory medical exam, with a MoneyGeek score of 91 for men and women. This score reflects the company's commitment to 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

No-medical-exam life insurance allows individuals to secure life insurance coverage without undergoing a physical examination. For instance, someone with a busy schedule or a fear of medical procedures might opt for this insurance to ensure they can quickly obtain coverage without the added stress of a doctor's visit.

For the best term life insurance for seniorsIn Springfield, Protective stands out with a MoneyGeek score of 92 for women, offering a monthly premium of $36. For men, Mutual of Omaha leads with a score of 91 and a monthly premium of $42.

Age plays a pivotal role in life insurance premiums; as people age, the risk to insurers increases, leading to higher costs. Protective and Mutual of Omaha's high scores reflect their balance of cost, customer satisfaction and financial stability.

For those seeking the best term life insurance for smokers in Springfield, 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 $71, while women are quoted at $70.

Smoking significantly influences life insurance premiums due to the associated health risks. Insurers often charge smokers higher rates to offset the potential cost of claims stemming from smoking-related illnesses. Mutual of Omaha's high MoneyGeek score reflects its strong customer satisfaction, financial stability and product diversity.

For men in Springfield, Mutual of Omaha offers the best term life insurance for young adults with a MoneyGeek score of 92 and a monthly premium of $6. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of $5.

Age plays a significant role in determining life insurance premiums, with younger individuals typically benefiting from lower rates. The winning companies offer a blend of affordability, customer satisfaction and financial stability.

For men, Mutual of Omaha offers the best cheap term life insurance in Springfield with a MoneyGeek score of 92 and a monthly premium of $10. For women, Protective is the top choice with a MoneyGeek score of 92 and a monthly premium of $8. Their high MoneyGeek scores indicate strong performance in affordability, customer satisfaction, and financial stability.

Several factors influence the cost of life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, individuals should maintain good health, choose a shorter term length and opt for lower coverage amounts.

The average monthly cost of term life insurance premiums in Springfield is $17 for women and $21 for men. Several factors influence the cost of life insurance premiums. Age, health, lifestyle, occupation and the term length of the policy all play a role. Younger people generally pay lower premiums, while those with health issues or high-risk occupations may see higher costs.

In Springfield, the cost of life insurance might be different from the rest of Missouri due to local health trends, economic factors, and demographic variations. For instance, if Springfield has a higher prevalence of certain health conditions, insurers might adjust premiums accordingly. Economic conditions, such as average income levels and employment rates, can also impact premium costs. Additionally, demographic factors like the average age and lifestyle choices of the population can influence pricing.