Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Torrance, California, for both men and women. The MoneyGeek score for men is 92 out of 100, with an average monthly premium of $39. For women, the MoneyGeek score is 91, with an average premium of $34 per month.
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.
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 Torrance, California.
Coverage costs and company information for life insurance providers were updated in September 2024.
BestLife InsuranceTorrance, CABest Life Insurance Companies in Torrance
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.
Protective offers the best life insurance in Torrance for both men and women, with a MoneyGeek score of 92 for men and 91 for women, and average monthly premiums of $39 and $34 respectively.
Top companies for men:
Top companies for women:
Protective stands out for its high MoneyGeek scores and affordable premiums, making it a strong choice for the average individual looking to purchase life insurance in Torrance.
In Torrance, Protective stands out as the premier life insurance provider for both men and women, boasting a MoneyGeek score of 91 for women and 92 for men. The company's monthly premiums are affordable at $34 for women and $39 for men, reflecting its commitment to value without compromising on service quality. Consumers seeking reliable life insurance options will find Protective's offerings both accessible and dependable.
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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.
Protective stands out as the provider of the best term life insurance in Torrance, with a MoneyGeek score of 92 and an average monthly premium of $20 for men and $19 for women. The consistency in high scores for both genders makes Protective a leading choice for individuals seeking reliable coverage.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy where the insurer pays a benefit if the insured person dies within a specified term. For instance, a parent might buy term insurance to ensure their child's education costs are covered in the event of their untimely death.
Protective stands out as the best term life insurance provider in Torrance, with a MoneyGeek score of 92. For an average monthly premium of $20 and $19, men and women, respectively, can secure their peace of mind with a policy from Protective.
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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 Torrance for both men and women, with a MoneyGeek score of 92 for each. This score reflects the company's strong performance across affordability, customer satisfaction, buying process and financial stability, making it an excellent choice for individuals seeking reliable and comprehensive coverage.
Top whole life companies for men in Torrance:
Top whole life companies for women in Torrance:
Whole life insurance provides 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 can be borrowed against in the future.
Protective emerges as the premier choice for whole life insurance in Torrance, catering to both men and women with a robust MoneyGeek score of 92. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a reliable option for those seeking long-term insurance solutions.
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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.
Protective emerges as the premier provider of the best universal life insurance in Torrance for both men and women, boasting a MoneyGeek score of 91. This score indicates a strong combination of affordability, customer satisfaction, buying process, financial stability and product diversity, making Protective an optimal choice for the average individual seeking a reliable life insurance policy.
Best universal life insurance for men:
Best for women's universal life insurance:
Universal life insurance offers flexible premiums and the potential for cash value growth, making it a versatile option for long-term financial planning. For instance, an individual interested in both life coverage and a savings element that can be used for future needs may find universal life insurance preferable to term life insurance.
When seeking the best universal life insurance in Torrance, Protective emerges as the top choice for both men and women, boasting MoneyGeek scores of 91. This company stands out for its commitment to customer satisfaction and financial strength, making it a reliable option for insurance seekers.
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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.
In the city of Torrance, Protective is the best life insurance without a medical exam provider for both men and women, with a MoneyGeek score of 91.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
This life insurance allows individuals to obtain coverage more quickly and with less effort than traditional policies that require a medical exam.
Protective emerges as the premier provider of life insurance, without needing a medical exam, in Torrance, catering to both men and women. The company has a MoneyGeek score of 91 for both genders, reflecting its strong market position.
This score is indicative of the company's commitment to providing reliable coverage without the need for a medical exam. Protective's high scores in customer satisfaction and financial stability underscore its reputation as a trustworthy insurer.
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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 people in Torrance seeking the best term life insurance for seniors, Protective stands out with a MoneyGeek score of 91 for men and 90 for women, and average monthly premiums of $94 and $88, respectively. Age is a determining factor in the cost of life insurance premiums; as one grows older, the risk to the insurer increases, leading to higher premiums.
Protective's top scores reflect its strong customer satisfaction, financial stability, and product diversity. These factors are vital for seniors who prioritize reliability and comprehensive coverage in their insurance choices. For more details on securing your future, consider reading about the.
| 1 | Protective | $94 | 91 |
| 2 | Mutual of Omaha | $105 | 91 |
| 3 | Nationwide | $89 | 90 |
| 4 | Allstate | $85 | 89 |
| 5 | Transamerica | $86 | 88 |
| 6 | AAA | $118 | 88 |
| 7 | Prudential | $91 | 87 |
| 8 | State Farm | $138 | 86 |
| 9 | Haven | $186 | 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.
For smokers in Torrance seeking the best term life insurance for smokers, Mutual of Omaha stands out with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $101 and $105 respectively.
Smokers face higher premiums due to the increased health risks associated with tobacco use. Mutual of Omaha's top scores reflect its strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity, making it a leading choice for those looking for reliable coverage.
| 1 | Mutual of Omaha | $101 | 90 |
| 2 | Nationwide | $97 | 89 |
| 3 | AAA | $105 | 88 |
| 4 | Prudential | $80 | 88 |
| 5 | Transamerica | $94 | 87 |
| 6 | Protective | $165 | 87 |
| 7 | Haven | $101 | 86 |
| 8 | State Farm | $143 | 84 |
| 9 | Allstate | $140 | 84 |
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.
Protective offers the best term life insurance for young adults in Torrance, with a MoneyGeek Score of 92. The monthly premium is $11 for women and $12 for men.
Age significantly impacts the cost of life insurance premiums. Younger individuals generally pay lower premiums due to lower health risks associated with age. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction, and financial stability. This makes it a great choice for young adults seeking the best term life insurance for young adults in Torrance.
| 1 | Protective | $12 | 92 |
| 2 | Mutual of Omaha | $15 | 91 |
| 3 | Nationwide | $14 | 90 |
| 4 | Allstate | $12 | 89 |
| 5 | Transamerica | $12 | 88 |
| 6 | AAA | $16 | 88 |
| 7 | Prudential | $18 | 85 |
| 8 | State Farm | $22 | 85 |
| 9 | Haven | $19 | 84 |
| 10 | Bestow | $26 | 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 those seeking the best cheap term life insurance in Torrance, Protective stands out with a MoneyGeek Score of 92 for both men and women. The average monthly premium is $20 for men and $19 for women.
Various factors influence life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, avoid tobacco, and choose a term length and coverage amount that meets your needs without excess.
| 1 | Protective | $20 | 92 |
| 2 | Allstate | $20 | 91 |
| 3 | Nationwide | $23 | 91 |
| 4 | Transamerica | $20 | 91 |
| 5 | Mutual of Omaha | $24 | 89 |
| 6 | AAA | $27 | 87 |
| 7 | Prudential | $27 | 85 |
| 8 | State Farm | $34 | 82 |
| 9 | Haven | $34 | 82 |
The average monthly premium for term life insurance in Torrance is $32 for women and $37 for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation, the amount of coverage and the type of policy. Understanding these factors can help consumers make informed decisions about their life insurance needs.
In Torrance, the cost of life insurance might be higher or lower compared to other parts of California due to various reasons. Local health statistics, the cost of living, and regional insurance regulations can all influence insurance rates. Additionally, the level of competition among insurers in the area can also play a role in determining premium costs.
By considering these factors, consumers can better navigate the complexities of life insurance and find a policy that suits their needs and budget.
Protective offers the best life insurance for men in Torrance. The company has a high MoneyGeek score of 92, making it the top choice for male policyholders.
The monthly premium cost for the best life insurance for men in Torrance is $39. Protective offers this rate for men aged 31 to 40 with excellent health.
Protective is the best life insurance company for women in Torrance. With a MoneyGeek score of 91, it stands out as the top option for female policyholders.
The monthly premium cost for the best life insurance for women in Torrance is $34. Protective offers this rate for women aged 31-40 with excellent health.
Life insurance in Torrance is similar to the rest of California in terms of coverage and options. However, local factors like the cost of living may influence premiums. For example, higher living costs in Torrance might lead to slightly higher premiums compared to other areas in the state.
If a life insurance company goes bankrupt in Torrance, policyholders are protected by state guaranty associations. These associations ensure that policyholders still receive their benefits, up to certain limits, even if the insurer fails.
Torrance residents might need life insurance to provide financial security for their families. Life insurance can cover expenses like mortgage payments, education costs, and everyday living expenses, ensuring that loved ones are financially protected in the event of the policyholder's death.
To find a lost life insurance policy in Torrance, start by contacting the insurance company directly. If that doesn't work, check with the California Department of Insurance, which can assist in locating policies through their records and databases.
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.
