Updated: November 21, 2024
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In Wilmington, North Carolina, Mutual of Omaha stands out as the best life insurance provider for men with a MoneyGeek score of 91 and a monthly premium of $27. For women, Protective is the top choice, scoring 91 with a monthly premium of $18. These scores are based on a 20-year term policy with $500,000 coverage.
Different factors influence life insurance decisions. 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 Wilmington, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceWilmington, NCBest Life Insurance Companies in Wilmington
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 offers the best life insurance in Wilmington for men, with a MoneyGeek score of 91 and an average monthly premium of $27. For women, Protective leads with a MoneyGeek score of 91 and an average monthly premium of $18. .
Top providers for men:
Top providers for women:
Mutual of Omaha and Protective stand out for their affordable premiums, strong customer satisfaction and financial stability, making them the best providers of life insurance in Wilmington.
Mutual of Omaha offers the best life insurance in Wilmington for men, with a MoneyGeek score of 91 and an average monthly premium of $27. It provides reliable coverage options and has been recognized for its high customer satisfaction.
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Protective stands out as the top life insurance choice in Wilmington for women, with a MoneyGeek score of 92. It offers a monthly premium of $18 and is known for its reliable coverage options and high customer satisfaction.
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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.
In Wilmington, Mutual of Omaha is the best term life insurance for men, with a MoneyGeek score of 92 and an average monthly premium of $11. Women find the best value with Protective, achieving a MoneyGeek score of 91 at $9 per month.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a straightforward policy that covers individuals for a specified period, providing a death benefit to beneficiaries. It's suitable for those who need coverage to protect their family's financial future without a lifelong commitment. For example, a parent might buy term insurance to ensure their child's education expenses are covered in case of an untimely death.
Mutual of Omaha stands out as the top provider of term life insurance for men in Wilmington, boasting a MoneyGeek score of 92. With a monthly premium of $11, it offers a blend of value and reliability. Customers can trust in the company's high standards and competitive pricing for their insurance needs.
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For women in Wilmington seeking dependable term life insurance, Protective emerges as the superior choice. With a MoneyGeek score of 91, Protective combines excellence with affordability, offering a monthly premium of just $9.
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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 provides the best whole life insurance in Wilmington for both men and women, boasting a MoneyGeek score of 92. This score indicates a robust combination of affordability, customer satisfaction and financial stability, making Protective a wise choice for individuals seeking dependable life insurance coverage.
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 offers the best whole life insurance in Wilmington, serving both men and women with excellence. With a MoneyGeek Score of 92 for each group, Protective is known for its commitment to quality service and customer satisfaction.
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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 is the best universal life insurance provider in Wilmington, with a MoneyGeek score of 91 for both men and women.
Universal life insurance offers a flexible premium and death benefit, along with the potential to build cash value over time. For instance, someone who wants the ability to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies.
Protective stands out as the leading provider of universal life insurance in Wilmington for both men and women, with a MoneyGeek score of 91 for each group. This ranking reflects the company's commitment to customer satisfaction 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.
Protective is the best provider for individuals in Wilmington looking for life insurance without the hassle of mandatory medical exams, with a MoneyGeek score of 91.
Life insurance without a medical exam is a convenient choice for those who prefer to skip the traditional health assessment process. For example, a busy professional with a tight schedule might opt for this type of insurance to save time while still securing coverage.
For individuals seeking the best no-medical-exam life insurance in Wilmington, Protective stands out with a MoneyGeek score of 91 for both men and women. This score reflects a balance of key factors that contribute to a reliable and satisfying insurance experience.
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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 Wilmington, Mutual of Omaha leads with a MoneyGeek Score of 92 and an average monthly premium of $46. Women find their top choice in Protective, boasting a score of 91 and a premium of $39 monthly.
Age impacts life insurance premiums due to the increased risk associated with insuring older individuals. Mutual of Omaha and Protective offer a balance of affordability, customer satisfaction, financial stability and product diversity, making them ideal for seniors prioritizing stability and value in their life insurance selection.
| 1 | Mutual of Omaha | $46 | 92 |
| 2 | Protective | $53 | 91 |
| 3 | Nationwide | $46 | 91 |
| 4 | Allstate | $48 | 88 |
| 5 | Transamerica | $54 | 87 |
| 6 | Prudential | $57 | 86 |
| 7 | State Farm | $81 | 85 |
| 8 | AAA | $80 | 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.
Mutual of Omaha offers the best term life insurance for smokers in Wilmington, with MoneyGeek scores of 91 for men and 89 for women. Men can expect an average monthly premium of $25, while women will pay approximately $23.
Smoking significantly influences life insurance premiums, as it introduces higher health risks, which insurers account for in their pricing. Mutual of Omaha's top scores reflect its competitive pricing, customer satisfaction and financial stability, making it a strong choice for those who use tobacco.
| 1 | Mutual of Omaha | $25 | 91 |
| 2 | Nationwide | $31 | 89 |
| 3 | Protective | $37 | 88 |
| 4 | Transamerica | $22 | 88 |
| 5 | Prudential | $23 | 87 |
| 6 | State Farm | $35 | 86 |
| 7 | Allstate | $35 | 86 |
| 8 | AAA | $47 | 85 |
| 9 | Haven | $46 | 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 Wilmington, Mutual of Omaha offers the best term life insurance for young adults for men, with a MoneyGeek score of 92 and an average monthly premium of $7. For women, Protective takes the top spot with a MoneyGeek Score of 92 and an average monthly premium of $6.
Age influences life insurance premiums. Younger individuals are generally considered lower risk, leading to more affordable premiums. Mutual of Omaha and Protective earned their high MoneyGeek scores due to a strong balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $7 | 92 |
| 2 | Protective | $8 | 92 |
| 3 | Nationwide | $8 | 90 |
| 4 | Allstate | $8 | 88 |
| 5 | Transamerica | $8 | 88 |
| 6 | AAA | $12 | 87 |
| 7 | Haven | $10 | 86 |
| 8 | State Farm | $14 | 85 |
| 9 | Prudential | $11 | 85 |
| 10 | Bestow | $19 | 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 men, Mutual of Omaha offers the best cheap term life insurance in Wilmington with a MoneyGeek score of 92 and an average monthly premium of $11. For women, Protective is the top choice with a MoneyGeek score of 91 and a monthly premium of $9. These companies provide competitive rates, making them excellent options for life insurance in Wilmington.
Factors affecting life insurance premiums include age, health, coverage amount and term length. To secure the lowest premiums, maintain a healthy lifestyle, choose a shorter term length and opt for a lower coverage amount. Understanding these factors can help you find the best cheap term life insurance in Wilmington.
| 1 | Mutual of Omaha | $11 | 92 |
| 2 | Nationwide | $13 | 91 |
| 3 | Protective | $13 | 91 |
| 4 | Allstate | $12 | 90 |
| 5 | Transamerica | $13 | 89 |
| 6 | Prudential | $17 | 84 |
| 7 | Haven | $17 | 84 |
| 8 | AAA | $19 | 84 |
| 9 | State Farm | $22 | 82 |
The average monthly premium for term life insurance in Wilmington is $18 for women and $23 for men.
Various factors affect the cost of life insurance premiums, including age, health, lifestyle, coverage amount and policy term. Life insurance costs in Wilmington might be higher or lower compared to the rest of North Carolina due to local health statistics, cost of living and economic factors. Understanding these elements can help consumers make informed decisions when purchasing life insurance.
Mutual of Omaha has the best life insurance in Wilmington for men, with a MoneyGeek score of 91 out of 100.
The monthly premium cost for the best life insurance for men in Wilmington, provided by Mutual of Omaha, is $27.
Protective offers the best life insurance in Wilmington for women, with a MoneyGeek score of 92 out of 100.
The monthly premium cost for the best life insurance for women in Wilmington, provided by Protective, is $18.
Life insurance in Wilmington is comparable to the rest of North Carolina. Both men and women have access to competitive rates and top-rated companies like Protective and Mutual of Omaha. The key difference lies in the specific companies that offer the best rates and scores in Wilmington.
If a life insurance company goes bankrupt in Wilmington, policyholders are protected by state guaranty associations. These associations ensure that claims are paid up to certain limits, providing a safety net for consumers. It is essential to check the specific coverage limits in North Carolina.
Wilmington residents might need life insurance to provide financial security for their families. Life insurance can cover funeral costs, pay off debts, and ensure that loved ones are financially stable. It is especially important for those with dependents or significant financial obligations.
To find a lost life insurance policy in Wilmington, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the North Carolina Department of Insurance for assistance. They may have resources to help locate unclaimed 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.
