Updated: November 21, 2024
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The best life insurance company in Chesapeake, Virginia for men and women is Protective. For men, the MoneyGeek score is 92, with a monthly premium cost of $31. For women, the score is also 92, with a monthly premium cost of $24.
Different factors should be considered when deciding on what type of life insurance to buy. These scores and premium costs are based on a 20-year term policy and $500,000 coverage. 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 Chesapeake, Virginia.
Coverage costs and company information for life insurance providers were updated in August 2024.
BestLife InsuranceChesapeake, VABest Life Insurance Companies in Chesapeake
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 Chesapeake for both men and women, with a MoneyGeek score of 92 out of 100 and monthly premiums of $31 for men and $24 for women.
The top providers for men are:
The top providers for women are:
Protective stands out due to its high MoneyGeek scores and affordable premiums. This makes it an excellent choice for the average person in Chesapeake looking to purchase life insurance.
In Chesapeake, Protective stands out as the best life insurance provider for both men and women, boasting an impressive MoneyGeek score of 92. For women, the monthly premium is $24, while men have a premium of $31.
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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 stands out as the provider of the best term life insurance in Chesapeake for men and women, with a MoneyGeek score of 92 with a monthly premium of $15 for men and $12 for women. This high score reflects the company's strong performance across affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Term life insurance offers coverage for a specified period, providing a death benefit if the insured passes away during the term. For instance, a parent might choose term life insurance to ensure their child's education costs are covered in the event of their untimely death. It's a straightforward solution for those with specific financial responsibilities or time-bound obligations.
Protective emerges as the leading provider of term life insurance for women and men in Chesapeake. It has a MoneyGeek score of 92 for both and a monthly premium of $12 for women and $15 for men, ensuring their financial responsibilities are covered without strain on their wallets.
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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 provider of best whole life insurance in Chesapeake, boasting a MoneyGeek score of 92 for men and women. This score indicates that Protective excels in affordability, customer satisfaction and financial stability. The top providers for men are:
The top providers for women are:
Whole life insurance provides lifelong coverage and includes an investment component known as the policy's cash value. This type of insurance is a good choice for those who want a guaranteed death benefit and a potential cash value that grows over time. For example, an individual 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 emerges as the leading provider of whole life insurance in Chesapeake, with a MoneyGeek score of 92 for both men and women. This score reflects the company's commitment to customer satisfaction and financial stability.
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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.
In Chesapeake, Protective provides the best universal life insurance, boasting a MoneyGeek score of 91 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability.
The top providers for men are:
The top providers for women are:
Universal life insurance offers flexible premiums and the potential for cash value growth, making it a versatile option for long-term financial planning. For example, someone might choose universal life insurance to have the ability to adjust their coverage as their financial situation changes over time.
In Chesapeake, Protective stands out as the premier choice for universal life insurance for men and women, with an impressive MoneyGeek score of 91 for both genders. This score reflects a balanced blend of affordability, 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.
For those seeking the life insurance without a required medical exam in Chesapeake, Protective stands out for men and women, with a MoneyGeek score of 91. Protective's top rating is a testament to its customer satisfaction, affordability and financial stability.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance allows individuals to obtain coverage swiftly, bypassing the traditional medical underwriting process. This can be particularly beneficial for those who need immediate insurance or have pre-existing conditions that might make it challenging to secure a policy otherwise.
Protective emerges as the premier choice for no-medical-exam life insurance in Chesapeake, earning a MoneyGeek score of 91 for men and women. The company's commitment to customer satisfaction and financial stability, combined with competitive pricing, positions it as a leader in the 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 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.
In Chesapeake, Protective stands out with the best term life insurance for seniors, scoring 92 for men and 91 for women. The monthly premiums are $67 for men and $56 for women.
Age is a pivotal factor in life insurance premiums, as risk increases with age, leading to higher costs for older policyholders. Protective's top MoneyGeek scores reflect its commitment to customer satisfaction, affordability and financial stability.
| 1 | Protective | $67 | 92 |
| 2 | Mutual of Omaha | $76 | 91 |
| 3 | Nationwide | $69 | 90 |
| 4 | Allstate | $73 | 88 |
| 5 | AAA | $88 | 88 |
| 6 | Prudential | $66 | 88 |
| 7 | Transamerica | $83 | 87 |
| 8 | State Farm | $132 | 84 |
| 9 | Haven | $131 | 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 Chesapeake, the best term life insurance for smokers is provided by Mutual of Omaha stands out with a MoneyGeek score of 90 for men and 88 for women. Men have a monthly premium of $74, while women are quoted at $66.
Smoking is a significant factor in determining life insurance premiums due to the health risks it poses, often leading to higher costs for smokers. Mutual of Omaha's high MoneyGeek score reflects its strong customer satisfaction, financial stability, and product diversity, making it an optimal choice.
| 1 | Mutual of Omaha | $74 | 90 |
| 2 | Nationwide | $78 | 89 |
| 3 | AAA | $81 | 88 |
| 4 | Protective | $102 | 88 |
| 5 | Prudential | $58 | 88 |
| 6 | Transamerica | $72 | 87 |
| 7 | State Farm | $96 | 85 |
| 8 | Allstate | $119 | 84 |
| 9 | Haven | $121 | 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 Chesapeake, Protective stands out with a MoneyGeek score of 92 and monthly premiums of $9 for men and $8 for women.
Age plays a significant role in determining life insurance premiums, with younger adults generally paying lower rates due to their lower risk of health issues. Protective's high MoneyGeek score reflects its affordability, customer satisfaction and financial stability.
| 1 | Protective | $9 | 92 |
| 2 | Mutual of Omaha | $11 | 91 |
| 3 | Nationwide | $12 | 89 |
| 4 | AAA | $13 | 88 |
| 5 | Allstate | $11 | 88 |
| 6 | Transamerica | $12 | 87 |
| 7 | Prudential | $13 | 86 |
| 8 | Haven | $14 | 85 |
| 9 | State Farm | $21 | 84 |
| 10 | Bestow | $19 | 84 |
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 Chesapeake, look no further than Protective. With a MoneyGeek score of 92 and monthly premiums of $12 for women and $15 for men, Protective stands out as the top provider for both. Protective's high MoneyGeek score reflects its strong affordability, customer satisfaction and financial stability.
Various factors influence the cost of life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term length and select a lower coverage amount.
| 1 | Protective | $15 | 92 |
| 2 | Nationwide | $18 | 91 |
| 3 | Mutual of Omaha | $18 | 90 |
| 4 | Allstate | $18 | 89 |
| 5 | AAA | $21 | 88 |
| 6 | Transamerica | $20 | 88 |
| 7 | Prudential | $20 | 87 |
| 8 | Haven | $24 | 84 |
| 9 | State Farm | $34 | 82 |
The average cost of term life insurance in Chesapeake is $22 per month for women and $30 per month for men. Several factors affect the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage chosen. Insurers assess these factors to determine the risk of insuring an individual.
In Chesapeake, the cost of life insurance might be different from the rest of Virginia due to various local factors. Local health statistics, economic conditions and risk assessments by insurers can all influence premium costs.
Protective offers the best life insurance for men in Chesapeake. With a MoneyGeek score of 91, it stands out for its affordability and customer satisfaction.
The monthly premium cost for the best life insurance for men in Chesapeake is $31. This cost is based on a non-tobacco user aged 31 to 40 with excellent health.
Protective offers the best life insurance for women in Chesapeake. With a MoneyGeek score of 92, it excels in affordability and customer satisfaction.
The monthly premium cost for the best life insurance for women in Chesapeake is $24. This rate applies to a non-tobacco user aged 31 to 40 with excellent health.
Life insurance in Chesapeake is similar to the rest of Virginia in terms of company offerings and premiums. However, local factors such as demographics and health statistics can slightly influence rates and availability.
If a life insurance company goes bankrupt in Chesapeake, your policy is typically protected by state guaranty associations. These associations cover claims up to certain limits, ensuring policyholders are not left without coverage.
Chesapeake residents might need life insurance to provide financial security for their families. It can cover funeral expenses, pay off debts and ensure a steady income for dependents in the event of the policyholder's death.
To find a lost life insurance policy in Chesapeake, check through financial records, contact the insurance company directly, or use state resources such as the Virginia Life Insurance Database. This can help locate the policy and ensure coverage.
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.
