Updated: November 22, 2024
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The best life insurance for women in Durham, North Carolina, is Protective, with a MoneyGeek score of 92 and an average monthly premium of $22. For men, the top provider is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $27.
These scores and premium costs are based on a 20-year term policy with $500,000 coverage. However, your circumstances may lead you to a different company that better suits your needs.
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 Durham, North Carolina.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceDurham, NCBest Life Insurance Companies in Durham
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.
For men in Durham, Mutual of Omaha offers the best life insurance, with a MoneyGeek score of 91 at $27 on average per month. For women, Protective leads, with a MoneyGeek score of 92 at $22.
Top providers for men:
Top providers for women:
Mutual of Omaha and Protective offer affordable premiums and reliable customer satisfaction.
In Durham, Mutual of Omaha is the premier life insurance provider for men, scoring 91, while Protective earns the top spot for women, with a MoneyGeek score of 92. Mutual of Omaha's average premium for men is $27, while Protective offers $22 for women.
Best life insurance for men: Mutual of Omaha
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Best life insurance for women: Protective
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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 Durham, Mutual of Omaha and Protective are the leading providers of the best term life insurance. Mutual of Omaha got a MoneyGeek score of 92 and an average monthly premium of $12 for men, while Protective leads for women with a score of 91 and a premium of $11.
The top two term life insurance companies for men:
The top two term life insurance companies for women:
Term life insurance provides coverage for a specified term, offering a death benefit if the insured passes away during the term. For example, parents might buy term insurance to ensure their child's education should anything happen to them.
Mutual of Omaha is the premier provider of term life insurance for men in Durham, with a MoneyGeek score of 92. Men can secure their policy at an approximate monthly premium of $12.
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Protective is the standout choice for women in Durham seeking reliable term life insurance. It received a MoneyGeek score of 91 and an average monthly premium of $11.
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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 company that provides the best whole life insurance in Durham. Its MoneyGeek score of 92 reflects its commitment to affordability, customer satisfaction, financial stability and product diversity.
Top whole life providers in Durham:
Whole life insurance is a lifelong coverage with a cash value component that grows over time. Someone might choose it over term life insurance for the guaranteed premiums and the accumulated cash value they can borrow against in the future.
Protective is the top pick for whole life insurance in Durham. Its stellar MoneyGeek score of 92 is due to high customer satisfaction 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.
The best universal life insurance in Durham is Protective, boasting a MoneyGeek score of 91.
Best universal life providers:
Universal life insurance is a flexible policy that allows policyholders to adjust their premiums and death benefits. For instance, someone might choose it over term life insurance for the potential cash value and coverage, which can be a fit for long-term financial planning.
Protective is the top choice for universal life insurance for both men and women. Its MoneyGeek score of 91 reflects the company's proven track record in Durham.
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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.
The best no-medical-exam life insurance in Durham is Protective, with a MoneyGeek score of 91.
Top two providers of life insurance without mandatory medical exam:
Life insurance that doesn't require a medical exam allows individuals to obtain coverage hassle-free. For example, someone with a busy lifestyle or minor health issues might opt for it to avoid the lengthy underwriting process and potentially higher premiums based on medical history.
For those seeking no-medical-exam life insurance in Durham, Protective is the top choice for both men and women, with a MoneyGeek score of 91.
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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.
The best term life insurance for seniors in Durham is Mutual of Omaha for men, with a MoneyGeek score of 92 and an average monthly premium of $47, and Protective for women, scoring 91 with a premium of $46.
Age is a key factor in life insurance; as individuals age, the risk to insurers increases, which typically results in higher premiums. Mutual of Omaha and Protective offer a balance of value and reliability essential for seniors.
| 1 | Mutual of Omaha | $47 | 92 |
| 2 | Protective | $54 | 91 |
| 3 | Nationwide | $47 | 91 |
| 4 | Allstate | $49 | 88 |
| 5 | Transamerica | $56 | 87 |
| 6 | Prudential | $58 | 86 |
| 7 | State Farm | $82 | 85 |
| 8 | AAA | $82 | 85 |
| 9 | Haven | $91 | 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 and women seeking the best term life insurance for smokers in Durham, Mutual of Omaha is the standout choice. Its MoneyGeek scores are 91 for men and 89 for women, and average monthly premiums of $26 and $27, respectively.
Smoking is a key factor in determining life insurance premiums due to the associated health risks. Insurers often charge higher premiums to smokers to offset the increased likelihood of health-related claims.
| 1 | Mutual of Omaha | $26 | 91 |
| 2 | Nationwide | $31 | 89 |
| 3 | Protective | $38 | 88 |
| 4 | Transamerica | $23 | 88 |
| 5 | Prudential | $23 | 87 |
| 6 | State Farm | $36 | 86 |
| 7 | Allstate | $35 | 86 |
| 8 | AAA | $48 | 85 |
| 9 | Haven | $47 | 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.
The best term life insurance for young adults in Durham is Protective. It has a MoneyGeek score of 92 and an average monthly premium of $7.
Age plays a crucial role in determining life insurance premiums, as younger individuals are typically healthier and pose a lower risk to insurers.
| 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 | $12 | 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.
The best cheap term life insurance in Durham is Mutual of Omaha for men, which gets a MoneyGeek score of 92, and Protective for women, which has a MoneyGeek score of 91. An average monthly premium for men is $12, while it's $11 for women.
Various factors influence life insurance premiums, including age, health, coverage amount and term length. To get the lowest premiums possible, maintain a healthy lifestyle, choose a shorter term length and consider a higher deductible.
| 1 | Mutual of Omaha | $12 | 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 | $20 | 84 |
| 9 | State Farm | $22 | 82 |
The average monthly premium for term life insurance in Durham, North Carolina, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.
Several factors, including age, health, lifestyle and occupation, can affect the cost of life insurance premiums. These factors determine the risk associated with insuring an individual.
The cost of life insurance in Durham might be higher or lower than in other parts of North Carolina due to local economic conditions, health statistics, lifestyle trends and other reasons. For instance, premiums might be higher if Durham has higher health care costs or a higher incidence of certain health conditions. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.
Mutual of Omaha has the best life insurance in Durham for men. The company has a MoneyGeek score of 91.
The monthly premium cost for the best life insurance for men in Durham is $27.
Protective has the best life insurance in Durham for women. The company has a MoneyGeek score of 92.
The monthly premium cost for the best life insurance for women in Durham is $22.
Life insurance in Durham may differ in terms of premium costs and company ratings compared to the rest of North Carolina. Residents should compare options to find the best coverage suited to their needs.
If a life insurance company goes bankrupt in Durham, policies are generally protected by state guaranty associations. These associations ensure that policyholders continue to receive benefits up to certain limits, providing financial security even in case of company insolvency.
Durham residents might need life insurance for various reasons, such as providing financial security for their families, covering outstanding debts and ensuring that their loved ones are taken care of in case of an untimely death. Life insurance can also help with estate planning and final expenses.
To find a lost life insurance policy in Durham, start by checking personal records and contacting the insurance company directly. You can also use online tools and databases provided by state insurance departments to locate unclaimed policies. It's important to keep thorough records to avoid losing track of 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.
