Updated: November 19, 2024
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Mutual of Omaha offers the best life insurance for men in Baton Rouge, Louisiana, with a MoneyGeek score of 91 and an average monthly premium of $44. For women, Protective is the top provider, with a MoneyGeek score of 92 and an average monthly premium of $30. These scores and premium costs 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 Baton Rouge, Louisiana.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceBaton Rouge, LABest Life Insurance Companies in Baton Rouge
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 Baton Rouge for both men and women, with a MoneyGeek score of 92 out of 100 and a monthly premium of $30. This makes it a strong choice for anyone seeking reliable coverage in the area.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score and competitive monthly premium make it a top choice for the average individual looking to purchase life insurance in Baton Rouge. The company's strong financial stability and excellent customer satisfaction ratings add to its appeal, ensuring that policyholders receive reliable and consistent service.
Mutual of Omaha is the leading insurance provider for men in Baton Rouge, with a MoneyGeek score of 91 and an average monthly premium of $44. It excels in customer satisfaction and financial stability, making it a reliable choice in the insurance market.
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Protective is the leading life insurance provider in Baton Rouge for women, boasting a MoneyGeek score of 92 with an average monthly premium of $30. Protective stands out due to its high customer satisfaction and financial stability, making it a reliable choice in the insurance market.
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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 offers the best term life insurance in Baton Rouge for both men and women, with a MoneyGeek score of 91 and 92, respectively. The average monthly premium for men is $21, and for women, it's $16. Protective's high score suggests reliability and customer satisfaction, making it a solid choice for individuals looking for term life insurance coverage that meets their needs without breaking the bank.
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.
Mutual of Omaha offers the best term life insurance in Baton Rouge for men, with a MoneyGeek score of 91. Men can secure coverage at an approximate monthly cost of $21, making it both accessible and affordable.
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Protective is the premier choice for women seeking term life insurance in Baton Rouge, with a MoneyGeek score of 92. With a monthly premium of just $16, it offers a blend of value and security.
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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 Baton Rouge, with a MoneyGeek score of 92 for both men and women. This high score suggests that Protective offers a combination of excellent customer satisfaction, financial stability and product diversity.
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 is the top choice for those seeking whole life insurance in Baton Rouge, with a MoneyGeek score of 92 for both men and women. This score reflects the company's commitment to providing excellent customer service and value.
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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 Baton Rouge, 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 premier choice for universal life insurance in Baton Rouge, securing a MoneyGeek score of 91 for both men and women. This reflects their commitment to providing reliable coverage and customer satisfaction.
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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 Baton Rouge, Protective offers the best life insurance without the hassle of a mandatory medical exam for both men and women, with a MoneyGeek score of 91.
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 provider of no-medical-exam life insurance for both men and women in Baton Rouge, with a MoneyGeek score of 91 for each. This high rating reflects the company's dedication to customer satisfaction and financial stability. Consumers can confidently choose Protective, knowing they are selecting a top-rated option for their insurance needs.
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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 Baton Rouge, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $86. Women find their top choice in Protective, which boasts a MoneyGeek score of 92 and an average monthly premium of $67.
Age is a determining factor in life insurance costs; premiums generally increase as individuals age due to the higher risk associated with insuring older policyholders. Mutual of Omaha and Protective offer a balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $86 | 91 |
| 2 | Nationwide | $71 | 91 |
| 3 | Protective | $92 | 90 |
| 4 | Prudential | $86 | 86 |
| 5 | Transamerica | $97 | 86 |
| 6 | AAA | $144 | 86 |
| 7 | Allstate | $114 | 86 |
| 8 | State Farm | $146 | 85 |
| 9 | Haven | $156 | 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 men seeking the best term life insurance for smokers in Baton Rouge, Mutual of Omaha stands out with a MoneyGeek score of 90 and an average monthly premium of $48. Women will find Allstate to be the top provider, scoring 89 with an average monthly premium of $28.
Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha and Allstate's top scores reflect their commitment to providing valuable coverage at competitive prices, making them strong contenders for reliable term life insurance.
| 1 | Mutual of Omaha | $48 | 90 |
| 2 | Nationwide | $46 | 90 |
| 3 | Allstate | $41 | 88 |
| 4 | Transamerica | $43 | 88 |
| 5 | Prudential | $39 | 88 |
| 6 | Protective | $69 | 87 |
| 7 | State Farm | $60 | 86 |
| 8 | AAA | $76 | 86 |
| 9 | Haven | $80 | 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 Baton Rouge, Protective stands out with a MoneyGeek score of 91 for men and 92 for women, with average monthly premiums of $14 and $10, respectively.
Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance for young adults is essential for securing financial protection at a reasonable cost.
| 1 | Protective | $14 | 91 |
| 2 | Mutual of Omaha | $14 | 91 |
| 3 | Nationwide | $13 | 91 |
| 4 | Transamerica | $15 | 87 |
| 5 | AAA | $22 | 86 |
| 6 | Prudential | $17 | 86 |
| 7 | Allstate | $21 | 85 |
| 8 | Haven | $17 | 85 |
| 9 | State Farm | $25 | 85 |
| 10 | Bestow | $28 | 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 Baton Rouge, Nationwide tops the list for men with a MoneyGeek score of 93 and an average monthly premium of $19, while Protective leads for women with a score of 92 and a premium of about $16 per month. Nationwide scores highest for men due to its robust buying process and financial stability. Protective excels for women with high affordability and customer satisfaction scores.
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 | Nationwide | $19 | 93 |
| 2 | Mutual of Omaha | $21 | 91 |
| 3 | Protective | $22 | 91 |
| 4 | Transamerica | $24 | 88 |
| 5 | Prudential | $26 | 87 |
| 6 | AAA | $35 | 85 |
| 7 | Allstate | $32 | 84 |
| 8 | Haven | $30 | 84 |
| 9 | State Farm | $39 | 82 |
The average monthly cost of term life insurance in Baton Rouge is $29 for men and $24 for women.
Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.
Life insurance costs in Baton Rouge may differ from the rest of Louisiana due to various local factors. Health trends, economic conditions and specific risk factors unique to the area can impact premium costs. Additionally, competition among insurers in Baton Rouge can affect pricing, leading to variations compared to other regions in the state.
Mutual of Omaha offers the best life insurance in Baton Rouge for men, with a MoneyGeek score of 91 out of 100.
The monthly premium cost for the best life insurance for men in Baton Rouge, offered by Mutual of Omaha, is $44. This cost is based on a 20-year term with coverage between $250,000 and $500,000.
Protective offers the best life insurance in Baton Rouge for women, with a MoneyGeek score of 92 out of 100.
The monthly premium cost for the best life insurance for women in Baton Rouge, provided by Protective, is $30. This rate applies to a 20-year term with coverage ranging from $250,000 to $500,000.
Life insurance in Baton Rouge may differ in terms of premium costs and available coverage options compared to other parts of Louisiana. For instance, the leading companies in Baton Rouge, such as Protective and Mutual of Omaha, offer competitive rates and high customer satisfaction scores. This may not be the case in other cities within the state.
If a life insurance company goes bankrupt in Baton Rouge, the Louisiana Life and Health Insurance Guaranty Association steps in. This organization ensures that policyholders are protected up to certain limits. It is important to review these limits and understand the coverage provided by the guaranty association.
Residents of Baton Rouge may need life insurance to provide financial security for their families. Life insurance can cover expenses such as mortgage payments, education costs, and daily living expenses in the event of the policyholder's death. It also helps in estate planning and ensuring a legacy for loved ones.
To find a lost life insurance policy in Baton Rouge, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the Louisiana Department of Insurance for assistance. Additionally, the National Association of Insurance Commissioners offers a policy locator service to help find lost 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.
