Updated: November 21, 2024
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Protective offers the best life insurance for women in Toledo, Ohio, with a MoneyGeek score of 92 and an average monthly premium of $18. For men, Mutual of Omaha is the top provider, with a MoneyGeek score of 91 and an average monthly premium of $27. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when deciding on life insurance. 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 Toledo, Ohio.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceToledo, OHBest Life Insurance Companies in Toledo
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 is the best life insurance provider for men in Toledo, with a MoneyGeek score of 91 out of 100 and an average monthly premium of $27. For women, Protective ranks highest with a MoneyGeek score of 92 out of 100 and an average monthly premium of $18.
Top providers for men:
Top providers for women:
Mutual of Omaha is the best choice for men due to its high MoneyGeek score and affordable monthly premium. Protective stands out for women with the highest score and the lowest monthly premium. These features make these companies great options for those looking for value and reliability in their life insurance provider.
In Toledo, Mutual of Omaha is the best life insurance provider for men, with a MoneyGeek score of 91 and an average monthly premium of $27. Protective takes the lead for women, with a MoneyGeek score of 92 and an average monthly premium of $18. Both companies offer exceptional customer satisfaction and financial stability, making them reliable choices for life insurance coverage.
Mutual of Omaha
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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 those seeking the best term life insurance for men in Toledo, Mutual of Omaha leads with a MoneyGeek score of 92 out of 100 and an average monthly premium of $12. Protective is the top choice for women, with a MoneyGeek score of 92 and an average monthly premium of $9. These scores reflect the companies' strong performance across affordability, customer satisfaction and financial stability.
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 for a specified term. It is often chosen for its affordability and simplicity. For example, a young family might opt for term insurance to ensure financial security during their children's formative years without the higher costs associated with whole life insurance.
Mutual of Omaha is the premier provider of term life insurance for men in Toledo. It offers a blend of affordability and customer satisfaction. It leads the market with a MoneyGeek score of 92 and an average monthly premium of $12, ensuring financial protection is within reach.
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Protective is the premier term life insurance provider for women in Toledo, with a MoneyGeek score of 92. With an average monthly premium of $13, it stands out as an affordable option without compromising on quality.
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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.
In Toledo, Protective is the best whole life insurance provider for men and women, with a MoneyGeek score of 92 out of 100. This score reflects a combination of affordability, customer satisfaction and financial stability, making the company a strong choice for those seeking a reliable insurance policy.
Top whole life companies for men in Toledo:
Top whole life companies for women in Toledo:
Whole life insurance provides lifelong coverage and a cash value component, which can be an attractive feature for those looking for a combined investment and insurance product. For example, an individual might choose whole life insurance to ensure financial support for their family while building a cash reserve for future needs.
In Toledo, Protective is the premier choice for whole life insurance for men and women, with a MoneyGeek score of 92 for both. The company's commitment to excellence is reflected in its high scores across multiple categories, ensuring a comprehensive coverage experience for its clients.
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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.
In Toledo, Protective provides the best universal life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects the company's commitment to affordability, customer satisfaction and financial stability, making it a solid choice for individuals seeking dependable life insurance coverage.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance is a flexible type of permanent life insurance that offers the low-cost protection of term life insurance with a savings element that can be used to build cash value over time. For example, someone might choose universal life insurance over term life insurance if they desire the potential to accumulate savings while having insurance coverage, which can be beneficial for long-term financial planning.
For those seeking universal life insurance in Toledo, Protective is the premier choice for men and women. With a MoneyGeek score of 91 for both genders, the company assures excellence in customer satisfaction, affordability 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.
For those seeking the best no-medical-exam life insurance in Toledo, Protective stands out for men and women. Its MoneyGeek score of 91 for both genders suggests it offers reliable coverage and cuprioritizingction, making it a solid choice for individuals who prioritize ease and efficiency in their insurance purchasing experience.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance with no mandatory medical exam allows individuals to obtain coverage without undergoing a health examination. It can be particularly beneficial for those with health concerns or who need insurance quickly. For example, someone with a chronic condition may opt for no medical exam insurance to avoid potentially higher rates or denial of coverage resulting from a medical exam.
Protective is the premier choice for life insurance without a required medical exam in Toledo, with a MoneyGeek score of 91 for men and women. The company's commitment to customer satisfaction and financial stability makes it a reliable partner in securing your future without the hassle of a medical exam.
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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.
For those seeking the best term life insurance for seniors in Toledo, Mutual of Omaha stands out for men with a MoneyGeek score of 92 and an average monthly premium of $48. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of around $38.
Age is a key factor in life insurance premiums; the risk to insurers increases as individuals age, leading to higher costs. Mutual of Omaha and Protective earned the highest MoneyGeek scores by offering a balance of affordability, customer satisfaction and financial stability. These attributes make them attractive options for seniors who prioritize value and reliability in their life insurance choices.
| 1 | Mutual of Omaha | $48 | 92 |
| 2 | Protective | $55 | 91 |
| 3 | Nationwide | $47 | 91 |
| 4 | Transamerica | $56 | 87 |
| 5 | Prudential | $57 | 86 |
| 6 | Allstate | $72 | 85 |
| 7 | AAA | $80 | 85 |
| 8 | State Farm | $84 | 85 |
| 9 | Haven | $89 | 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 Toledo, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 91 for men and 89 for women. The average monthly premiums are $26 and $22, respectively.
Smoking influences life insurance premiums significantly, as insurers weigh the heightened risk that smokers present. This is reflected in the cost of premiums, which are typically higher for smokers than nonsmokers. Mutual of Omaha's top ranking is due to its strong performance across multiple metrics, including customer satisfaction and financial stability. These scores indicate the company's ability to provide quality service and support for individuals searching for reliable coverage.
| 1 | Mutual of Omaha | $26 | 91 |
| 2 | Allstate | $23 | 89 |
| 3 | Nationwide | $31 | 89 |
| 4 | Transamerica | $23 | 88 |
| 5 | Protective | $38 | 88 |
| 6 | Prudential | $26 | 87 |
| 7 | State Farm | $36 | 86 |
| 8 | AAA | $47 | 85 |
| 9 | Haven | $45 | 83 |
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.
In Toledo, Mutual of Omaha offers the best term life insurance for young adults, with a MoneyGeek score of 92 and an average monthly premium of $7 for men. For women, Protective leads with a MoneyGeek score of 92 and an average monthly premium of $6.
Age significantly impacts life insurance premiums, with younger individuals generally benefiting from lower rates. Mutual of Omaha's and Protective's top rankings are due to their high scores in affordability, customer satisfaction and financial stability. These companies are reliable choices for those seeking the best term life insurance for young adults.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $8 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | AAA | $12 | 88 |
| 5 | Transamerica | $8 | 88 |
| 6 | Allstate | $13 | 86 |
| 7 | State Farm | $14 | 86 |
| 8 | Haven | $10 | 86 |
| 9 | Prudential | $11 | 86 |
| 10 | Bestow | $23 | 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 Toledo, Protective stands out for women, with a MoneyGeek score of 92 and an average monthly premium of $9. For men, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of around $12.
Factors influencing life insurance premiums include age, health and coverage amount. To get the lowest premiums, maintain good health, avoid tobacco and choose a shorter term length. The winning companies excel in affordability, customer satisfaction and financial stability, making them ideal choices for those seeking the best cheap term life insurance in Toledo.
| 1 | Mutual of Omaha | $12 | 92 |
| 2 | Nationwide | $13 | 92 |
| 3 | Protective | $13 | 91 |
| 4 | Transamerica | $13 | 89 |
| 5 | Prudential | $17 | 85 |
| 6 | Allstate | $20 | 85 |
| 7 | Haven | $17 | 84 |
| 8 | AAA | $20 | 84 |
| 9 | State Farm | $22 | 82 |
The average monthly cost of term life insurance in Toledo is $29 for men and $24 for women.
Many factors influence life insurance premiums, including age, health, lifestyle, occupation, coverage amount and the length of the term. Insurers assess these factors to determine the risk associated with providing coverage.
Life insurance costs in Toledo may differ from those in the rest of Ohio due to various local factors. Health trends, economic conditions and specific risk factors unique to the area can impact premium costs. Additionally, competition among insurers in Toledo can affect pricing, leading to variations compared to other regions in Ohio.
Mutual of Omaha has the best life insurance for men in Toledo, with a MoneyGeek score of 91 out of 100. This score reflects high customer satisfaction and financial stability.
The average monthly premium for the best life insurance for men in Toledo, offered by Mutual of Omaha, is $27. This premium provides coverage for a 20-year term.
Protective has the best life insurance for women in Toledo, with a MoneyGeek score of 92 out of 100. This score indicates excellent customer satisfaction and product diversity.
The average monthly premium for the best life insurance for women in Toledo, provided by Protective, is $18. This premium covers a 20-year term.
Life insurance in Toledo may differ from the rest of Ohio in terms of premium costs and company offerings. For example, Mutual of Omaha and Protective offer competitive rates in Toledo, which might not be the case in other cities. Additionally, customer satisfaction and financial stability scores can vary by location.
If a life insurance company goes bankrupt in Toledo, the Ohio Life and Health Insurance Guaranty Association steps in. It provides coverage up to certain limits, ensuring policyholders are protected. It's crucial to check the specific limits and conditions.
Toledo residents might need life insurance to provide financial protection for their families in case of unexpected death. It can cover funeral costs, pay off debts and ensure the family's financial stability. Life insurance can also serve as a financial planning tool.
To find a lost life insurance policy in Toledo, start by checking with the deceased's financial advisors or employers. You can also contact the Ohio Department of Insurance for assistance. Searching through personal records and bank statements may help locate the policy.
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.
