Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Anchorage, Alaska, for both men and women, with a MoneyGeek score of 92 for each. The monthly premium cost is $25 for women and $29 for men. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.
Different factors affect 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 Anchorage, Texas.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceAnchorage, AKBest Life Insurance Companies in Anchorage
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 Anchorage for both men and women with a MoneyGeek score of 92 out of 100 and an average monthly premium of $29 for men and $25 for women.
Top providers for men:
Top providers for women:
Protective stands out due to its affordable premiums, comprehensive coverage and financial stability.
Protective stands out as the top choice for life insurance in Anchorage for both men and women. With a MoneyGeek score of 92, Protective offers monthly premiums at an affordable $25 for women and $29 for men. Customers can expect 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 Anchorage, Protective stands out for both men and women. It boasts a MoneyGeek score of 92 and monthly premiums of $15 and $14, respectively. Protective excels in affordability, customer satisfaction and financial stability, making it an optimal choice for individuals prioritizing these factors in their insurance provider.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. It is often chosen over permanent life insurance for its affordability and simplicity. For instance, a parent might opt for term life insurance to ensure their child's educational expenses are covered until graduation.
Protective is the best provider of term life insurance in Anchorage for men and women, boasting a MoneyGeek score of 92. Those seeking coverage can expect a monthly premium of about $15 and $14, respectively. Protective is committed to providing value and satisfaction.
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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 Anchorage for both men and women, with a MoneyGeek score of 92.
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 stands out as the premier choice for whole life insurance for both men and women in Anchorage, with a MoneyGeek score of 92 for each. This high score reflects a blend of affordability, customer satisfaction and financial stability that meets the needs of diverse 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.
Protective has the best universal life insurance in Anchorage, with a MoneyGeek score of 91 for both men and women. Protective offers a balance of affordability, customer satisfaction and financial stability.
Universal life insurance is a versatile policy that offers both a death benefit and a savings element, which can accumulate cash value over time. For example, someone might choose universal life insurance over term life for the potential to use the cash value to help pay premiums later in life or even to supplement retirement income.
Protective is the best universal life insurance provider in Anchorage for both men and women, boasting MoneyGeek scores of 91 for each. This solidifies their position as a leading choice for those seeking reliable life insurance coverage. Customers can expect a high level of satisfaction and value for their investment.
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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 stands out as the best no-medical-exam life insurance provider for those looking to secure life insurance without the hassle of a medical checkup. Boasting a MoneyGeek score of 91 for both men and women, it offers a reliable balance of affordability, customer satisfaction and financial stability.
Life insurance without a medical exam allows individuals to obtain coverage quickly and without the need for a medical checkup. This can be particularly beneficial for those with health concerns or who require immediate coverage. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid the possibility of being denied coverage or facing higher premiums.
Protective is the premier choice for no-medical-exam life insurance in Anchorage, offering unparalleled services for both men and women. Boasting a MoneyGeek score of 91 for each group, Protective ensures a harmonious balance of quality and value in its insurance offerings.
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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.
Protective provides the best term life insurance for seniors in Anchorage. With a MoneyGeek score of 92 for men and 91 for women, it offers average monthly premiums of $66 and $62, respectively.
Age impacts life insurance premiums, as insurers weigh the increased health risks that come with age. Protective stand sout due to its affordability for seniors, customer satisfaction, financial stability and product diversity.
| 1 | Protective | $66 | 92 |
| 2 | Mutual of Omaha | $74 | 91 |
| 3 | Nationwide | $69 | 90 |
| 4 | AAA | $86 | 88 |
| 5 | Allstate | $73 | 88 |
| 6 | Prudential | $63 | 88 |
| 7 | Transamerica | $81 | 87 |
| 8 | State Farm | $129 | 84 |
| 9 | Haven | $127 | 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 Anchorage, Mutual of Omaha offers the best term life insurance for smokers, boasting a MoneyGeek Score of 90 and an average monthly premium of $71 for men, and a score of 88 with a $72 premium for women.
Smoking significantly influences life insurance premiums due to the associated health risks. Insurers like Mutual of Omaha evaluate these risks when calculating costs. Its top MoneyGeek scores suggest a strong combination of affordability, customer satisfaction and financial stability, which are crucial for individuals seeking reliable coverage.
| 1 | Mutual of Omaha | $71 | 90 |
| 2 | Nationwide | $72 | 89 |
| 3 | Protective | $95 | 88 |
| 4 | AAA | $77 | 88 |
| 5 | Prudential | $57 | 88 |
| 6 | Transamerica | $68 | 87 |
| 7 | State Farm | $88 | 86 |
| 8 | Allstate | $117 | 84 |
| 9 | Haven | $111 | 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.
For the best term life insurance for young adults in Anchorage, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $8 for women and $9 for men.
Age plays a significant role in determining life insurance premiums. Younger adults often enjoy lower premiums due to generally better health and lower risk factors. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability, making it an excellent choice for young adults seeking term life insurance in Anchorage.
| 1 | Protective | $9 | 92 |
| 2 | Mutual of Omaha | $11 | 91 |
| 3 | Nationwide | $12 | 89 |
| 4 | AAA | $12 | 88 |
| 5 | Allstate | $11 | 87 |
| 6 | Transamerica | $12 | 87 |
| 7 | Prudential | $12 | 86 |
| 8 | Haven | $13 | 85 |
| 9 | State Farm | $21 | 84 |
| 10 | Bestow | $18 | 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 Anchorage, Protective tops the list for both men and women, with a MoneyGeek score of 92. It offers a monthly premium of roughly $15 for men and $14 for women. Protective scores high due to its financial stability, excellent customer service and competitive rates.
Age, health and coverage all influence the cost of life insurance. To get the lowest premiums, you should strive to maintain good health, avoid tobacco use and compare quotes from different insurers.
| 1 | Protective | $15 | 92 |
| 2 | Nationwide | $18 | 91 |
| 3 | Mutual of Omaha | $17 | 90 |
| 4 | Allstate | $18 | 89 |
| 5 | AAA | $20 | 88 |
| 6 | Transamerica | $19 | 88 |
| 7 | Prudential | $19 | 88 |
| 8 | Haven | $23 | 84 |
| 9 | State Farm | $33 | 82 |
The average cost of term life insurance premiums in Anchorage is $24 per month for women and $29 per month for men. These figures highlight a gender difference in premium costs, which can be attributed to various factors.
Life insurance premiums are influenced by age, health, lifestyle, and the specific terms of the policy. For instance, younger and healthier individuals typically pay lower premiums. Lifestyle choices like smoking can increase costs. The economic conditions and demographics of Anchorage also play a role. Anchorage's cost of living and health care accessibility may differ from other parts of Alaska, affecting insurance premiums.
Understanding these factors can help consumers make informed decisions about their life insurance needs. By considering local conditions and personal factors, individuals can better navigate their options and find suitable coverage.
Protective has the best life insurance for men in Anchorage with a MoneyGeek score of 92. This score reflects the company's strong performance in various categories, making it a reliable choice for male residents.
The monthly premium cost for the best life insurance for men in Anchorage, offered by Protective, is $29.
Protective also offers the best life insurance for women in Anchorage with a MoneyGeek score of 92. This high score indicates the company's excellent performance in customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for women in Anchorage, provided by Protective, is $25.
Life insurance in Anchorage may differ from the rest of Alaska in terms of premium costs and coverage options. Anchorage, being a larger city, might have more competitive rates and a wider range of policies. For example, Protective's high MoneyGeek scores indicate robust options in Anchorage. Rural areas might have fewer choices and higher premiums.
If a life insurance company goes bankrupt in Anchorage, your policy is generally protected by state guaranty associations. These associations ensure that policyholders receive coverage up to certain limits. It's important to check the specific limits and protections provided by the Alaska Life and Health Insurance Guaranty Association.
Anchorage residents might need life insurance to provide financial security for their families in case of unexpected death. Life insurance can cover expenses such as mortgage payments, education costs, and daily living expenses. It also offers peace of mind knowing that loved ones are protected financially.
To find a lost life insurance policy in Anchorage, start by checking personal records and contacting the deceased's financial advisor. You can also reach out to the Alaska Division of Insurance for assistance. Additionally, the National Association of Insurance Commissioners offers a Life Insurance Policy Locator Service.
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.
