Best Life Insurance in Sterling Heights, MI (November 2024)

For those seeking the best life insurance in Sterling Heights, Michigan, the top providers are Protective for women and Mutual of Omaha for men. Protective got a MoneyGeek score of 92 and has an average monthly premium of $19. Mutual of Omaha scored 91 and has an average monthly premium of $34.

Different factors influence life insurance decisions, and 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.

Mutual of Omaha offers men the best life insurance in Sterling Heights, receiving a MoneyGeek score of 91 with an average monthly premium of $34. Meanwhile, women can go for Protective, with a MoneyGeek score of 92 and an average monthly premium of $19. Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $34 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $35 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $19 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $24 per month for women

Both companies excel in meeting customer needs with high-quality products and services.

The best term life insurance in Sterling Heights is Mutual of Omaha for men, with a MoneyGeek score of 92 at an average of $14 per month and Protective for women, with a score of 91 at $10 per month. These companies offer reliable coverage at competitive rates, making them ideal for residents who prioritize cost and quality.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $14 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $16 per month for men

For women, the top two are:

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

Term life insurance is a policy that covers a specified term and offers a death benefit if the insured passes away during the term. It's often chosen for its simplicity and lower cost than permanent life insurance. For example, a parent might opt for term life insurance to fund their child's education should anything happen to them.

For those seeking the best whole life insurance in Sterling Heights, Protective stands out with a MoneyGeek score of 92 for both men and women. It offers a combination of affordability, customer satisfaction and financial stability.

Top whole life companies in Sterling Heights:

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

Whole life insurance offers lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that they can borrow against in the future.

When it comes to the best universal life insurance in Sterling Heights, Protective stands out, with a MoneyGeek score of 91 for both men and women. This high score suggests that Protective offers coverage that can adapt to their clients' changing needs.

Best universal life insurance companies:

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

Universal life insurance offers flexible premiums, a death benefit and the potential to build cash value over time. For instance, someone who wants to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies, providing security and flexibility.

In Sterling Heights, Protective is the provider of the best no-medical-exam life insurance for both men and women, boasting a MoneyGeek score of 91.

Best life insurance companies that do not require a medical exam:

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

Life insurance without a required medical exam allows individuals to obtain coverage quickly. This can be particularly beneficial for those who need immediate coverage or have health issues that could complicate a traditional application process. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid being denied or facing higher premiums.

For men seeking the best term life insurance for seniors in Sterling Heights, Mutual of Omaha leads with a MoneyGeek score of 66 and an average monthly premium of $59. Women find their top choice with Protective, boasting a score of 64 and a premium of $42.

Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Both providers stand out for their balance of affordability and customer satisfaction.

In Sterling Heights, Mutual of Omaha offers the best term life insurance for smokers, with a MoneyGeek score of 91 for men and 89 for women. The average monthly premiums are $32 for men and $24 for women, respectively.

Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha provides valuable coverage at competitive prices. This information is crucial for smokers who need a reliable policy that can accommodate their circumstances without compromising quality or cost.

For the best term life insurance for young adults in Sterling Heights, Mutual of Omaha leads for men with a MoneyGeek score of 92 and an average monthly premium of $9, while Protective tops the list for women with a MoneyGeek score of 92 and an average monthly premium of $6.

Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower rates. Choosing a reliable term life insurance is essential for securing financial protection at a reasonable cost.

In Sterling Heights, Nationwide offers the best cheap term life insurance for men with a MoneyGeek score of 92 and an average monthly premium of $16. For women, Protective leads with a MoneyGeek score of 91 and an average monthly premium of $10.

Factors such as age, health, coverage amount and term length affect life insurance costs. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount.

The average cost of term life insurance premiums in Sterling Heights is $19 for women and $32 for men.

Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage you choose. Insurers assess these factors to determine the risk for them by insuring you.

The cost of life insurance in Sterling Heights might differ from the rest of Michigan due to local health statistics, economic conditions, demographic trends and other reasons. Always consider your circumstances and the specific conditions of your area when evaluating your options.