Updated: November 21, 2024
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In Waterbury, Connecticut, Protective is the best life insurance option for men and women. With a MoneyGeek score of 92, Protective offers a monthly premium of $15 for women and $18 for men. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider different factors such as coverage needs, health status, and financial goals. While Protective scores highly, 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 Waterbury, Connecticut.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceWaterbury, CTBest Life Insurance Companies in Waterbury
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 Waterbury for men and women, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premium is $37 for men and $29 for women.
The top providers for men are:
The top providers for women are:
Protective stands out due to its high customer satisfaction scores and affordable premiums. This makes it a great choice for individuals seeking reliable life insurance in Waterbury.
Protective stands out as the best life insurance provider in Waterbury for men and women, offering a blend of value and customer satisfaction. With an overall MoneyGeek score of 92, Protective provides policies at a monthly cost of $18 for men and $15 for women. Its high ratings reflect a commitment to serving their clients effectively and reliably.
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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 emerges as the best term life insurance provider in Waterbury for men and women, securing a MoneyGeek score of 67 and a monthly premium of $9 for men, and a score of 68 with an $8 premium for women. This top ranking indicates that Protective offers a balance of affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Term life insurance is a policy where coverage is provided for a predetermined term, offering a death benefit to beneficiaries if the insured passes away during that term. For instance, a parent might choose term insurance to ensure their child's education costs are covered in the event of their untimely death.
Protective stands out as the premier choice for term life insurance for women in Waterbury, Connecticut. With a MoneyGeek score of 92 for women and men, Protective offers a balance of quality and affordability, evidenced by a monthly premium of $8 for women and $9 for men.
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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.
For those seeking the best whole life insurance in Waterbury, Protective stands out for men and women, with a MoneyGeek score of 92. This score reflects Protective's strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity.
The top providers for men are:
The top providers for women are:
Whole life insurance provides a fixed premium and a guaranteed death benefit, making it a suitable option for those who value long-term stability. For example, someone might choose whole life insurance to ensure their family's financial security, regardless of market fluctuations or personal health changes.
In Waterbury, Protective emerges as the premier provider for whole life insurance for men and women, boasting MoneyGeek scores of 92 for each.
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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 provides of the best universal life insurance in Waterbury for men and women, with a MoneyGeek score of 91. Protective's high scores reflect its strong customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Universal life insurance is a flexible policy that allows policyholders to adjust their premiums and death benefits. For example, someone might choose for the potential to build cash value over time, which can serve as a financial resource during their lifetime.
Protective stands out as the best universal life insurance provider in Waterbury for men and women, with a MoneyGeek score of 91. This high score reflects a commitment to customer satisfaction and value, making it a reliable choice for life 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.
Protective provides the best life insurance with no mandatory medical exam in Waterbury, with a MoneyGeek score of 63 for men and women. Its high scores in affordability, customer satisfaction and financial stability make it an attractive option for the average person in Waterbury looking to secure their financial future with life insurance coverage.
Protective: MoneyGeek score of 91 out of 100 for men
Mutual of Omaha: MoneyGeek score of 90 out of 100 for men
Protective: MoneyGeek score of 91 out of 100 for women
Mutual of Omaha: MoneyGeek score of 90 out of 100 for women
No medical exam life insurance allows individuals to obtain coverage quickly and without the need for a medical check-up. For example, someone with a busy lifestyle or a pre-existing medical condition may choose this type of insurance for its convenience and accessibility.
In Waterbury, Protective is the premier choice for no-medical-exam life insurance for men and women, with MoneyGeek scores of 91 for each group. This top ranking reflects the company's commitment to customer satisfaction and financial stability, making it a reliable option for life insurance seekers.
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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 men seeking the best term life insurance for seniors in Waterbury, Mutual of Omaha stands out with a MoneyGeek score of 66 and a monthly premium of $41. For women, Protective leads with a MoneyGeek score of 65 and a monthly premium of $38.
Age plays a pivotal role in the cost of premiums because insurers assess the increasing risk of health issues with advancing years. Mutual of Omaha and Protective score highly due to their balance of affordability, customer satisfaction, financial stability and product diversity. These factors are vital for seniors in Waterbury looking for dependable coverage that aligns with their financial goals.
| 1 | Mutual of Omaha | $41 | 91 |
| 2 | Protective | $43 | 91 |
| 3 | Nationwide | $45 | 90 |
| 4 | Allstate | $39 | 89 |
| 5 | AAA | $51 | 88 |
| 6 | Transamerica | $46 | 87 |
| 7 | Prudential | $45 | 87 |
| 8 | State Farm | $84 | 84 |
| 9 | Haven | $74 | 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 Waterbury, Mutual of Omaha stands out as the provider of the best term life insurance for smokers for men and women, with a MoneyGeek score of 92 for men and 90 for women. Men can expect a monthly premium of $41, while women are quoted at $36.
Smoking significantly influences life insurance premiums due to the associated health risks, which can lead to higher costs for smokers. Mutual of Omaha's top MoneyGeek score reflects its excellence in customer satisfaction, affordability, financial stability and product diversity. These factors are crucial for individuals seeking dependable life insurance because they assure policyholders of the company's ability to support them through life's uncertainties.
| 1 | Mutual of Omaha | $41 | 92 |
| 2 | AAA | $46 | 89 |
| 3 | Protective | $67 | 88 |
| 4 | Transamerica | $42 | 88 |
| 5 | Nationwide | $56 | 88 |
| 6 | Prudential | $41 | 87 |
| 7 | State Farm | $61 | 85 |
| 8 | Allstate | $65 | 84 |
| 9 | Haven | $72 | 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 Waterbury, Protective stands out with a MoneyGeek Score of 92 and a monthly premium of $5 for both men and women.
Age plays a significant role 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, customer satisfaction, and financial stability.
| 1 | Protective | $5 | 92 |
| 2 | Mutual of Omaha | $6 | 92 |
| 3 | Nationwide | $7 | 90 |
| 4 | AAA | $7 | 90 |
| 5 | Allstate | $5 | 89 |
| 6 | Transamerica | $6 | 88 |
| 7 | State Farm | $13 | 87 |
| 8 | Prudential | $9 | 87 |
| 9 | Haven | $7 | 87 |
| 10 | Bestow | $33 | 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 Waterbury, Protective stands out for both men and women. With a MoneyGeek score of 92 and monthly premiums of $9 for men and $8 for women, Protective offers excellent value.
Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, avoid tobacco and choose the appropriate coverage and term length for your needs. Protective's high MoneyGeek score is due to its strong affordability, customer satisfaction and financial stability.
| 1 | Protective | $9 | 92 |
| 2 | Mutual of Omaha | $9 | 92 |
| 3 | Allstate | $9 | 91 |
| 4 | Nationwide | $11 | 91 |
| 5 | AAA | $11 | 89 |
| 6 | Transamerica | $10 | 89 |
| 7 | Prudential | $13 | 86 |
| 8 | Haven | $13 | 86 |
| 9 | State Farm | $20 | 82 |
The average monthly premium for term life insurance in Waterbury is $15 for women and $18 for men. Many factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation, policy term, and coverage amount. Each of these factors can influence the risk assessment made by insurance companies, leading to variations in premium costs.
In Waterbury, the cost of life insurance might be different from the rest of Connecticut due to several reasons. Local health statistics can play a role; regions with higher health risks may see higher premiums. Average income levels and crime rates can also impact costs, as they affect the overall risk profile of the area. Additionally, lifestyle factors and the level of competition among insurance providers in the region can lead to differences in premium costs.
Protective offers the best life insurance for men in Waterbury, with the highest MoneyGeek score of 92. This company stands out for its overall performance and reliability.
The monthly premium cost for the best life insurance for men in Waterbury, offered by Protective, is $18. This cost reflects the comprehensive coverage and high satisfaction ratings.
Protective has the best life insurance for women in Waterbury, with the highest MoneyGeek score of 92. This company provides excellent coverage and customer satisfaction.
The monthly premium cost for the best life insurance for women in Waterbury, provided by Protective, is $15. This cost ensures robust coverage and high customer satisfaction.
Life insurance in Waterbury is similar to the rest of Connecticut in terms of available providers and coverage options. However, Waterbury residents might find slightly different premium rates and company ratings based on local market conditions. For example, Protective offers competitive rates and high satisfaction scores in Waterbury.
If a life insurance company goes bankrupt in Waterbury, your policy is typically protected by state guaranty associations. These associations ensure that policyholders receive their benefits up to certain limits, providing a safety net in case of company insolvency.
Waterbury residents might need life insurance to provide financial security for their families, cover debts, or ensure funds for future expenses like education. Life insurance can help manage financial risks and provide peace of mind.
To find a lost life insurance policy in Waterbury, start by checking through personal records and contacting the deceased's financial advisors. You can also reach out to the Connecticut Department of Insurance for assistance in locating 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.
