Best Life Insurance in Birmingham, AL (November 2024)

Protective is the best life insurance provider for women in Birmingham, Alabama, with a MoneyGeek score of 92 and an average monthly premium of $18. For men, the top provider is Mutual of Omaha with a MoneyGeek score of 91 and an average monthly premium of $22. 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, term length and premium costs. Your unique needs may mean a different company is best for you.

For men in Birmingham, Mutual of Omaha offers the best life insurance with a MoneyGeek score of 91 out of 100 at an average of $22 per month. For women, Protective is the top provider with a MoneyGeek score of 92 out of 100 at roughly $18 per month.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $22 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $23 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $18 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $22 per month for women

Mutual of Omaha and Protective stand out for their affordability and high MoneyGeek scores. These companies offer reliable options for life insurance in Birmingham, making them ideal choices for the average individual looking to secure their future.

In Birmingham, Mutual of Omaha and Protective lead as the best term life insurance providers for men and women, respectively. Mutual of Omaha boasts a MoneyGeek score of 92 at $9 per month for men, while Protective scores 92 at $9 per month for women. These companies stand out for their balance of cost, customer satisfaction and financial stability, making them ideal for individuals seeking reliable term life insurance coverage.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $9 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $10 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $9 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $10 per month for women

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 offer the best whole life insurance in Birmingham, boasting a MoneyGeek score of 92 for both men and women. This score represents a blend of affordability, customer satisfaction and financial stability.

• Protective: MoneyGeek score of 92 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

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 provides the best universal life insurance in Birmingham, with a MoneyGeek score of 91 for both men and women.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for 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.

In Birmingham, 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.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

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.

Mutual of Omaha offers the best term life insurance for seniors in Birmingham, with a MoneyGeek score of 92 for men and 91 for women. Men can expect an average monthly premium of $35, while women are quoted approximately $38.

Age influences life insurance premiums as older individuals pose a higher risk to insurers, often resulting in increased rates. Mutual of Omaha's top scores reflect its commitment to customer satisfaction, a seamless buying process and financial stability.

For those seeking the best term life insurance for smokers in Birmingham, Mutual of Omaha stands out with the highest MoneyGeek score of 91 for men and 89 for women. Men can expect a monthly premium of $20, while women are quoted at $22.

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.

For the best term life insurance for young adults in Birmingham, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $5 for women and $6 for men. Protective's high MoneyGeek score reflects its strong customer satisfaction, affordability and financial stability.

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.

For those seeking the best cheap term life insurance in Birmingham, Protective and Mutual of Omaha stand out. Protective scores a MoneyGeek score of 92 with an average monthly premium of $9 for women, while Mutual of Omaha also scores 92 with an average monthly premium of $9 for men. Protective and Mutual of Omaha achieve high MoneyGeek scores due to their affordability, customer satisfaction, and financial stability.

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.

The average monthly premium for term life insurance in Birmingham is $19 for women and $21 for men.

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.

Birmingham's life insurance cost might be higher or lower than the rest of Alabama due to various reasons. Local health statistics, economic conditions and lifestyle factors can all play a role in determining insurance premiums. For example, if Birmingham has higher health care costs or a higher prevalence of certain health conditions, this could lead to higher life insurance premiums.

Understanding these factors can help you make more informed decisions about your life insurance needs. By considering your personal circumstances and the local context, you can find a policy that offers the best value for your situation.