Updated: December 24, 2024
Advertising & Editorial Disclosure
Mutual of Omaha is the best life insurance provider in Syracuse, New York. The MoneyGeek score for men is 89, with an average monthly premium of $19. For women, the score is 91, with a monthly premium of $17. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider the coverage amount, term length and your health. 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 Syracuse, New York.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceSyracuse, NYBest Life Insurance Companies in Syracuse
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.
Mutual of Omaha offers the best life insurance in Syracuse, with MoneyGeek scores of 89 for men and 91 for women. The average monthly premiums are $19 for males and $17 for females.
Top providers for men:
Top providers for women:
Mutual of Omaha's high customer satisfaction and financial stability scores make it a reliable choice for life insurance.
Mutual of Omaha is Syracuse's best life insurance provider, earning MoneyGeek scores of 89 for men and 91 for women. With monthly premiums of $19 for males and $17 for females, it offers excellent value alongside high-quality service and financial stability.
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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.
Mutual of Omaha has the best term life insurance in Syracuse, with MoneyGeek scores of 90 for men and 91 for women. The average monthly premium is $8 for both genders. Its affordability, high customer satisfaction and financial stability make it a solid choice.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a set period and offers a death benefit to beneficiaries if the policyholder passes away during the term. For example, a parent might purchase a 20-year term policy to fund their child's education in case of their untimely death.
Mutual of Omaha is Syracuse's top choice for term life insurance, earning MoneyGeek scores of 90 for men and 91 for women. With a monthly premium of $8 for both genders, it balances cost and quality service.
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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.
Mutual of Omaha is the best whole life insurance provider in Syracuse, with a MoneyGeek score of 91 for men and women. This score reflects the company's excellence in affordability, customer satisfaction, buying process, financial stability and product diversity.
Whole life insurance is a type of permanent life insurance that offers a death benefit and a savings component, which can build cash value over time. Someone might choose it over term life insurance for the cash value potential that can be borrowed against in the future.
Mutual of Omaha is Syracuse's leading whole life insurance company, with a MoneyGeek score of 91 for men and women. This score reflects the company's excellence in customer satisfaction and financial stability.
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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.
Mutual of Omaha has Syracuse's best universal life insurance, with a MoneyGeek score of 90 for men and women. The company's high score reflects a strong balance of customer satisfaction, financial stability and product diversity.
Universal life insurance offers flexibility in premiums and death benefits, making it a versatile option for long-term financial planning. For example, someone interested in estate planning might select it to provide beneficiaries with a tax-free inheritance while building cash value that can be borrowed against during their lifetime.
Mutual of Omaha is Syracuse's leading universal life insurance provider. With a MoneyGeek score of 90 for men and women, it stands out for its 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.
Mutual of Omaha offers the best life insurance in Syracuse without a medical exam requirement. Its MoneyGeek score of 90 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam provides a faster, simpler way to get coverage for those with health concerns that complicate traditional options. For instance, someone with a chronic illness might choose this type of insurance to avoid higher rates or the risk of denial.
Mutual of Omaha is the top choice for life insurance without the hassle of a medical examination in Syracuse. Its MoneyGeek score of 90 for men and women reflects its good balance of customer satisfaction and affordability.
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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.
Mutual of Omaha offers the best term life insurance for seniors in Syracuse, with a MoneyGeek score of 90 and average monthly premiums of $36 for men and $34 for women.
Premiums generally rise as people reach their senior years because of increased health risks. Mutual of Omaha stands out with its streamlined buying process, high customer satisfaction and financial stability, making it a reliable option for seniors.
| 1 | Mutual of Omaha | $36 | 90 |
| 2 | Allstate | $29 | 88 |
| 3 | Prudential | $24 | 88 |
| 4 | Nationwide | $55 | 86 |
| 5 | Haven | $41 | 85 |
| 6 | State Farm | $66 | 84 |
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.
Mutual of Omaha provides the best term life insurance for smokers in Syracuse, with a MoneyGeek score of 90 and average monthly premiums of $35 for men and $33 for women.
Smoking increases premiums due to its health risks. Insurers charge smokers more to offset these risks. Mutual of Omaha’s high MoneyGeek score reflects a strong balance of affordability, customer satisfaction, easy buying process, financial stability and product diversity.
| 1 | Mutual of Omaha | $35 | 90 |
| 2 | Haven | $25 | 87 |
| 3 | Prudential | $32 | 86 |
| 4 | Nationwide | $61 | 86 |
| 5 | State Farm | $54 | 85 |
| 6 | Allstate | $54 | 85 |
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.
Mutual of Omaha offers the best term life insurance for young adults in Syracuse, with a MoneyGeek score of 90 and an average monthly premium of $5 for men and women.
Age significantly affects premiums because younger adults typically have lower health risks. Mutual of Omaha's high MoneyGeek score is due to its excellent customer satisfaction, financial stability and diverse product offerings.
| 1 | Mutual of Omaha | $5 | 90 |
| 2 | Haven | $3 | 87 |
| 3 | Allstate | $5 | 87 |
| 4 | Nationwide | $8 | 86 |
| 5 | Prudential | $5 | 86 |
| 6 | State Farm | $10 | 84 |
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.
In Syracuse, Mutual of Omaha offers the best cheap term life insurance, with a MoneyGeek score of 90 and an average monthly premium of $8 for men and women.
Factors affecting premiums include age, health, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, choose a shorter term length and opt for a lower coverage amount.
| 1 | Mutual of Omaha | $8 | 90 |
| 2 | Haven | $6 | 89 |
| 3 | Allstate | $8 | 89 |
| 4 | Prudential | $7 | 89 |
| 5 | Nationwide | $13 | 86 |
| 6 | State Farm | $16 | 82 |
The average monthly premiums for term life insurance in Syracuse are $33 for men and $29 for women. Knowing these rates can help you make informed decisions when purchasing life insurance.
Factors like age, health, lifestyle and occupation affect life insurance costs, which insurers assess to determine risk.
Premiums in Syracuse may differ from those in other areas of New York due to several factors. Local economic conditions, health statistics and lifestyle trends all influence premiums. For example, higher health care costs or a greater incidence of certain health conditions could increase premiums. Conversely, lower living costs or healthier lifestyles might result in lower rates.
Mutual of Omaha has the best life insurance in Syracuse for men, with a MoneyGeek score of 89 out of 100.
The average monthly premium for the best life insurance for men in Syracuse is $19.
Mutual of Omaha has the best life insurance in Syracuse for women, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in Syracuse is $17.
Life insurance in Syracuse may vary from other areas in New York in terms of costs and company ratings. For example, Mutual of Omaha provides competitive rates and high MoneyGeek scores in Syracuse. Compare local options and assess specific needs to find the best coverage.
If a life insurance company in Syracuse goes bankrupt, state guaranty associations protect policyholders by ensuring that claims are paid up to certain limits.
Syracuse residents might need life insurance to provide financial security for their families, cover debts or plan for future expenses like education. It can offer peace of mind and financial stability in case of unexpected circumstances.
To find a lost life insurance policy in Syracuse, check personal records and contact the deceased's financial advisors. You can also contact the New York State Department of Financial Services to locate unclaimed policies.
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.
