Updated: November 12, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Virginia Beach, Virginia, with a MoneyGeek score of 92 for men and women. The average monthly premium is $28 for men and $24 for women. The score and premium costs are for a 20-year term policy with $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 Virginia Beach, Virginia.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceVirginia Beach,Best Life Insurance Companies in Virginia Beach
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 Virginia Beach for men and women, with a MoneyGeek score of 92 for both. Its average monthly premium is $28 for men and $24 for women.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score and competitive premiums make it a reliable choice for life insurance in Virginia Beach. The company offers a balance of affordability, customer satisfaction and financial stability, making it an excellent option for the average individual seeking life insurance.
Protective is the best life insurance provider in Virginia Beach for men and women, with a MoneyGeek score of 92 for both. With average monthly premiums at $28 for men and $24 for women, Protective offers a balance of value and reliability.
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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 in Virginia Beach, Protective stands out for men and women, with a MoneyGeek score of 92 for both. Its average monthly premium is $14 for men and $13 for women. Protective's top scores indicate a strong combination of affordability, customer satisfaction and financial stability, making it a solid choice for term life insurance shoppers.
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 specific term, offering 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 young family might opt for term life insurance to ensure their financial obligations, such as a mortgage or education costs, are covered in the event of an untimely death.
Protective is the best term life insurance provider for men and women in Virginia Beach. With a MoneyGeek score of 92 for both genders, it offers an average monthly premium of $14 for men and $13 for women. This ranking reflects a balance of cost and quality that is tailored to the needs of Virginia Beach residents.
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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.
When looking for the best whole life insurance in Virginia Beach, Protective is the top choice for men and women, with a MoneyGeek score of 92 for both. This provider stands out due to its balance of affordability, comprehensive coverage and customer satisfaction, making it a solid option for those seeking reliable insurance solutions.
Top whole life companies for men in Virginia Beach:
Top whole life companies for women in Virginia Beach:
Whole life insurance offers a fixed premium and a death benefit guaranteed for the policyholder's lifetime. It can be an attractive option for someone who values consistent costs and the potential to accumulate cash value over time.
For men and women seeking reliable whole life insurance in Virginia Beach, Protective is the top-rated company. It has a MoneyGeek score of 92 for both genders, reflecting the company's commitment to excellence across several key metrics.
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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.
Finding the best universal life insurance in Virginia Beach is straightforward, with Protective leading the pack for men and women. It has a MoneyGeek score of 91 for both genders, making it a top choice for individuals seeking a reliable life insurance option. The average person looking for universal life insurance in Virginia Beach would benefit from Protective's high customer satisfaction and financial stability scores, ensuring a trustworthy and stable insurance experience.
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 choice. For example, someone seeking long-term financial planning tools might opt for universal life insurance over term life for its investment potential and lifelong coverage.
In Virginia Beach, Protective is the premier provider of universal life insurance for men and women, with a MoneyGeek score of 91 for both genders. The company's exceptional performance across multiple categories underscores its commitment to quality and value in the life insurance market.
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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 Virginia Beach, Protective offers the best no-medical-exam life insurance for men and women, with a MoneyGeek score of 91 for both. This score reflects the company's strong financial stability, customer satisfaction and product diversity, making it an optimal choice for individuals seeking a straightforward and reliable insurance option. The absence of a medical exam simplifies the buying process, offering quick coverage without needing health assessments.
Best no-medical-exam life insurance for men:
Best life insurance for women that does not require a medical exam:
Life insurance that doesn't require a medical exam allows individuals to obtain coverage swiftly and without the potential barriers of a health examination. For instance, a busy professional in Virginia Beach who lacks the time for medical appointments might opt for this policy to secure their family's financial future efficiently.
In Virginia Beach, Protective is the premier provider of life insurance without the hassle of a medical exam. With an impressive MoneyGeek Score of 91 for men and women, Protective ensures comprehensive coverage without needing a medical exam. This score reflects the company's commitment to satisfaction and value, making it a reliable choice for life insurance seekers in the region.
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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 seniors in Virginia Beach, Protective stands out with the highest MoneyGeek scores for men and women, marking it as the provider or the best term life insurance for seniors. Men receive a MoneyGeek score of 92 and an average monthly premium of $61, while women score 91 and pay around $56 per month.
Age influences life insurance costs, as premiums typically increase with the policyholder's age. Protective's leading scores reflect its strong performance across affordability, customer satisfaction, the buying process, financial stability and product diversity. These factors are vital for seniors seeking dependable life insurance that balances cost with quality.
| 1 | Protective | $61 | 92 |
| 2 | Mutual of Omaha | $69 | 91 |
| 3 | Nationwide | $63 | 90 |
| 4 | Allstate | $67 | 88 |
| 5 | AAA | $81 | 88 |
| 6 | Prudential | $60 | 88 |
| 7 | Transamerica | $76 | 87 |
| 8 | State Farm | $121 | 84 |
| 9 | Haven | $120 | 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 Virginia Beach, Mutual of Omaha provides the best term life insurance for smokers, with a MoneyGeek score of 90 for men and 88 for women. Men can expect an average monthly premium of $68, while women are quoted $66.
Smoking is a significant factor in life insurance premiums due to the associated health risks, which often result in higher costs for smokers. Mutual of Omaha's high score reflects its strong performance across various metrics, including affordability, customer satisfaction and financial stability. For smokers in Virginia Beach, these scores indicate a reliable option for securing term life insurance coverage.
| 1 | Mutual of Omaha | $68 | 90 |
| 2 | Nationwide | $71 | 89 |
| 3 | AAA | $74 | 88 |
| 4 | Protective | $93 | 88 |
| 5 | Prudential | $53 | 88 |
| 6 | Transamerica | $66 | 87 |
| 7 | State Farm | $88 | 85 |
| 8 | Allstate | $109 | 84 |
| 9 | Haven | $111 | 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 the best term life insurance for young adults in Virginia Beach, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $8 for men and women.
Age is a key factor in determining life insurance premiums. Younger adults often benefit from lower rates because they generally pose a lower risk to insurers. Protective's top ranking is due to its strong affordability, customer satisfaction and financial stability. Choosing a high-scoring company like Protective can provide financial security.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $11 | 89 |
| 4 | AAA | $12 | 88 |
| 5 | Allstate | $10 | 88 |
| 6 | Transamerica | $11 | 87 |
| 7 | Prudential | $12 | 86 |
| 8 | Haven | $13 | 85 |
| 9 | State Farm | $20 | 84 |
| 10 | Bestow | $17 | 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.
For those seeking the best cheap term life insurance in Virginia Beach, Protective stands out for men and women. Protective offers excellent value, with a MoneyGeek score of 92 for both genders and average monthly premiums of $14 for men and $13 for women. Protective's high MoneyGeek score is due to its affordability, customer satisfaction and financial stability.
Several factors influence life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and opt for a lower coverage amount.
| 1 | Protective | $14 | 92 |
| 2 | Nationwide | $17 | 91 |
| 3 | Mutual of Omaha | $16 | 90 |
| 4 | Allstate | $17 | 89 |
| 5 | AAA | $19 | 88 |
| 6 | Transamerica | $18 | 88 |
| 7 | Prudential | $18 | 87 |
| 8 | Haven | $22 | 84 |
| 9 | State Farm | $31 | 82 |
The average cost of term life insurance premiums in Virginia Beach is $28 per month for men and $22 per month for women.
Several factors affect the cost of life insurance premiums. These include age, health, lifestyle choices and the amount of coverage desired. Insurers assess these factors to determine the risk level and set premiums accordingly.
Due to local health statistics, lifestyle trends and economic conditions, the cost of life insurance in Virginia Beach might be higher or lower than in the rest of Virginia. For instance, areas with higher average incomes or lower health risks might see lower premiums. Conversely, regions with higher health risks or higher cost of living might face higher premiums. Understanding these factors can help residents make informed decisions about their life insurance needs.
Protective has the best life insurance for men in Virginia Beach, with a MoneyGeek score of 92 out of 100. This score reflects high customer satisfaction, affordability and financial stability.
The average monthly premium for Protective's best life insurance for men in Virginia Beach is $28. This cost is based on the affordability score and other factors.
Protective also offers the best life insurance for women in Virginia Beach, with a MoneyGeek score of 92 out of 100. This score indicates strong customer satisfaction and financial stability.
The average monthly premium for the best life insurance for women in Virginia Beach, provided by Protective, is $24. This cost is determined by the affordability score and other criteria.
Life insurance in Virginia Beach may have different premium costs and company rankings than the rest of Virginia. For instance, Protective ranks highest in Virginia Beach, but other cities might have different top providers based on local factors and demographics.
If a life insurance company goes bankrupt in Virginia Beach, state guaranty associations typically protect policyholders. These associations cover claims up to certain limits, ensuring that policyholders do not lose their coverage entirely.
Virginia Beach residents might need life insurance to provide financial security for their families, cover debts and ensure that their loved ones are taken care of in the event of their death. Life insurance can help cover expenses like mortgages, education and daily living costs.
To find a lost life insurance policy in Virginia Beach, residents can check with the Virginia State Corporation Commission, search through personal records, contact previous employers and use online tools that track unclaimed life insurance policies. These steps can help locate a missing 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.
