Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company for men and women in Tacoma, Washington. With a MoneyGeek score of 92 and an average monthly premium of $27, it ranks highest for both genders. The scores and premium cost are based on a 20-year term policy and $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 Tacoma, Washington.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceTacoma, WABest Life Insurance Companies in Tacoma
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.
For the best life insurance in Tacoma, Protective stands out for men and women. It has a MoneyGeek score of 92 and an average monthly premium of $27 for both genders.
Top providers for men:
Top providers for women:
Protective offers the best balance of affordability, customer satisfaction and financial stability. These features make it a reliable choice for the average individual looking to purchase life insurance in Tacoma.
In Tacoma, Protective is the best life insurance provider for men and women. For both genders, it has a MoneyGeek score of 92 and offers monthly premiums at around $27, ensuring value without compromising on quality. Customers can rely on Protective for their life insurance needs, knowing they are choosing a top-rated provider in 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:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For residents of Tacoma seeking the best term life insurance, Protective stands out with a MoneyGeek score of 92 for both men and women, at average monthly premiums of $13 and $14, respectively. This ranking reflects Protective's balance of affordability, customer satisfaction and financial stability, making it a preferred choice for term life insurance shoppers in the area.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy that provides coverage at a fixed rate of payments for a limited period, known as the term. For example, an individual may opt for term life insurance to ensure that their family can pay off a mortgage or fund education expenses in the event of their untimely death.
Protective is the best term life insurance provider for men and women in Tacoma, with a MoneyGeek score of 92. The average monthly premium is $13 for men and $14 for women, offering a balance between cost and quality coverage. Customers can trust in Protective's strong performance in key areas, reflected in its top ranking within Washington.
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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 best whole life insurance provider in Tacoma for men and women, with a MoneyGeek score of 92 for both. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable choice for the average individual seeking a comprehensive life insurance policy. The company's commitment to these areas ensures policyholders receive value and protection.
Top whole life companies for men in Tacoma:
Top whole life companies for women in Tacoma:
Whole life insurance offers lifelong coverage and a cash value component, making it an attractive option for those who want consistent premiums and the ability to accumulate savings. For example, someone might choose whole life insurance to ensure their family's financial stability while investing in a policy that can grow over time.
Protective is the premier choice for whole life insurance in Tacoma, serving both men and women. The company has a MoneyGeek score of 92 for both genders, reflecting its commitment to customer satisfaction and financial reliability.
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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.
For those seeking the best universal life insurance in Tacoma, Protective is the top choice for men and women, with a MoneyGeek score of 91 for both. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a solid option for the average individual looking for a reliable insurance policy.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance is a flexible policy that combines life coverage with an investment savings element. For instance, someone might choose universal life insurance over term life insurance because it has the potential to accumulate cash value over time, which can be used to pay premiums or taken as a loan against the policy.
In Tacoma, Protective is the premier choice for universal life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects a harmonious balance of customer satisfaction, cost-effectiveness and financial reliability. Consumers can trust in Protective's commitment to quality and affordability in its insurance offerings.
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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 provides the best no-medical-exam life insurance in Tacoma for men and women, with a MoneyGeek score of 91 for both. For individuals in Tacoma seeking life insurance without the hassle of a medical exam, Protective's top ranking suggests a balance of affordability and quality service that could effectively meet the average person's needs.
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 offers the convenience of securing coverage without needing a medical check-up. For example, someone with a busy schedule or concerns about medical exams might prefer this type of insurance.
In Tacoma, Protective is the premier choice for life insurance without a required medical exam. It caters to men and women, with a MoneyGeek score of 91 for both. This distinction is a testament to the company’s commitment to excellence across multiple dimensions of service and product offerings.
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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 Tacoma, with a MoneyGeek score of 92 for men and 91 for women. Its average monthly premiums are $60 and $64, respectively.
Age is a determining factor in life insurance premiums; as individuals age, the risk to insurers increases, leading to higher costs. Protective earns the highest MoneyGeek score due to its exceptional balance of affordability, customer satisfaction and financial stability. These scores are pivotal for those seeking dependable coverage, ensuring they invest in a company that values their financial and personal well-being.
| 1 | Protective | $60 | 92 |
| 2 | Mutual of Omaha | $67 | 91 |
| 3 | Nationwide | $61 | 90 |
| 4 | AAA | $80 | 88 |
| 5 | Prudential | $58 | 88 |
| 6 | Allstate | $73 | 87 |
| 7 | Transamerica | $74 | 87 |
| 8 | State Farm | $105 | 84 |
| 9 | Haven | $118 | 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.
In Tacoma, Mutual of Omaha provides best term life insurance for smokers, with a MoneyGeek score of 90 for men and 89 for women and respective average monthly premiums of $65 and $75.
Smoking is a significant factor in determining life insurance premiums, as it increases health risks and potential claims costs for insurers. Mutual of Omaha's top MoneyGeek scores indicate a balance of affordability, customer satisfaction and financial stability, making it a strong choice for smokers in search of dependable term life insurance. When looking for insurance, it's essential to consider these scores, as they reflect the overall value and reliability of the policy.
| 1 | Mutual of Omaha | $65 | 90 |
| 2 | Nationwide | $69 | 89 |
| 3 | Protective | $90 | 88 |
| 4 | AAA | $71 | 88 |
| 5 | Allstate | $61 | 88 |
| 6 | Prudential | $51 | 88 |
| 7 | Transamerica | $64 | 87 |
| 8 | State Farm | $86 | 85 |
| 9 | Haven | $108 | 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 those seeking the best term life insurance for young adults in Tacoma, Protective is the top choice for men and women, with a MoneyGeek score of 92 and an average monthly premium of $8 for both genders.
Age is a significant factor in determining life insurance premiums. Younger adults generally benefit from lower rates due to their lower risk profiles. Protective's high MoneyGeek score is attributed to its affordability, strong customer satisfaction and financial stability. Choosing a provider with a high MoneyGeek score ensures a balance of cost and reliability, making Protective a smart choice for young adults in Tacoma.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $10 | 89 |
| 4 | AAA | $11 | 88 |
| 5 | Transamerica | $11 | 86 |
| 6 | Prudential | $12 | 85 |
| 7 | Allstate | $16 | 85 |
| 8 | State Farm | $17 | 84 |
| 9 | Haven | $12 | 84 |
| 10 | Bestow | $17 | 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.
Protective offers the best cheap term life insurance in Tacoma, with a MoneyGeek score of 92 for men and women. The average monthly premium is $13 and $14, respectively. Protective scores are high due to its affordability, customer satisfaction and financial stability.
Various factors influence life insurance premiums, including age, health rating, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term length and opt for a lower coverage amount.
| 1 | Protective | $13 | 92 |
| 2 | Nationwide | $16 | 91 |
| 3 | Mutual of Omaha | $16 | 90 |
| 4 | AAA | $18 | 88 |
| 5 | Transamerica | $17 | 87 |
| 6 | Prudential | $17 | 87 |
| 7 | Allstate | $23 | 83 |
| 8 | Haven | $21 | 83 |
| 9 | State Farm | $26 | 82 |
The average cost of term life insurance premiums in Tacoma is $26 per month for women and $27 per month for men.
Many factors influence the cost of life insurance premiums. These include age, health, lifestyle and occupation. Insurers assess these factors to determine the risk of insuring an individual.
Local conditions in Tacoma may also impact the cost of life insurance. The cost of living, regional health statistics and local risk factors can all play a role. For example, higher health care costs or a higher incidence of certain health conditions in Tacoma could lead to increased premiums. Conversely, lower risk factors might result in lower premiums than in other parts of Washington.
Understanding these factors can help consumers make informed decisions about their life insurance needs. It's important to consider the premium costs and the coverage and benefits provided.
Protective offers the best life insurance for men in Tacoma, with a MoneyGeek score of 92 out of 100. The company's strong customer satisfaction and affordability make it a top choice.
The average monthly premium for the best life insurance for men in Tacoma is $27. This cost is based on a policy for a 31 to 40-year-old non-tobacco user in excellent health.
Protective offers the best life insurance for women in Tacoma, with a MoneyGeek score of 92 out of 100. The company's high customer satisfaction and affordability scores contribute to its top ranking.
The average monthly premium for the best life insurance for women in Tacoma is $27. This cost applies to a policy for a 31 to 40-year-old non-tobacco user in excellent health.
Life insurance in Tacoma is generally similar to that in the rest of Washington. Protective's high scores in Tacoma reflect its strong performance statewide. However, local economic factors and demographics may influence specific offerings and rates.
If a life insurance company goes bankrupt in Tacoma, policies are typically protected by state guaranty associations. These associations ensure that policyholders receive coverage up to certain limits, providing financial security even in the event of company failure.
Tacoma residents need life insurance for financial security, such as covering debts, mortgage payments and providing for dependents. Life insurance can also help with final expenses and estate planning, ensuring loved ones are financially protected.
To find a lost life insurance policy in Tacoma, start by checking personal records and contacting the insurance company. You can also use online databases, state insurance department resources and professional services to locate lost 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.
