Best Life Insurance in Raleigh, NC (November 2024)

In Raleigh, North Carolina, the best life insurance provider for men is Mutual of Omaha, with a MoneyGeek score of 91 and an average monthly premium of $30. For women, the top provider is Protective with a MoneyGeek score of 92 and a monthly premium of $22. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Consider different factors when deciding on life insurance, including the coverage amount, term length, and your health. Your unique needs may mean a different company is best for you.

The top life insurance providers in Raleigh differ for men and women. Mutual of Omaha leads for men with a MoneyGeek score of 91 and a monthly premium of $30. Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $22.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $30 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $31 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $22 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $28 per month for women

Mutual of Omaha's high score for men reflects its balance of affordability, customer satisfaction and financial stability. Protective's top ranking for women shows its competitive pricing and strong customer satisfaction. Both companies offer reliable life insurance options in Raleigh.

For men seeking the best term life insurance in Raleigh, Mutual of Omaha stands out with a MoneyGeek score of 92 at a monthly premium of $13. Women, on the other hand, will find Protective to be the top choice, scoring 91 with an $11 monthly premium. These companies offer a solid combination of affordability, customer satisfaction, and financial stability, which are key factors in choosing a term life insurance provider.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $13 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $14 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 91 out of 100 at $11 per month for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $13 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 is the best whole life insurance provider in Raleigh for both men and women, boasting a MoneyGeek score of 92 for each. It offers competitive pricing, strong customer satisfaction and a stable financial outlook, making it an excellent choice for the average individual seeking life insurance coverage in Raleigh.

• 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 offers the best universal life insurance in Raleigh for both men and women, with a MoneyGeek score of 91. This score reflects a strong combination of affordability, customer satisfaction and financial stability, making Protective an excellent choice for individuals seeking a reliable universal life insurance policy.

• 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 Raleigh, 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.

For men seeking the best term life insurance for seniors in Raleigh, Mutual of Omaha leads with a MoneyGeek score of 92 and a monthly premium of $52. Women find their best option with Protective, which scores a 91 and offers a monthly premium of $47.

Age impacts life insurance premiums, as insurers assess the increasing risk of claims as clients age. The high MoneyGeek scores for these companies reflect their strong performance in affordability, customer satisfaction, financial stability and product diversity.

Mutual of Omaha offers the best term life insurance for smokers in Raleigh, with a MoneyGeek score of 91 for men and 89 for women, and monthly premiums of $29 and $28, respectively.

Smoking significantly influences life insurance costs due to the associated health risks, which insurers account for in their pricing models. Mutual of Omaha's high MoneyGeek scores reflect a blend of affordability, customer satisfaction and financial stability. It's important for individuals to consider these factors when searching for a policy that meets their needs and budget.

For the best term life insurance for young adults in Raleigh, Mutual of Omaha leads for men with a MoneyGeek score of 92 and a monthly premium of $8, while Protective tops the list for women with a MoneyGeek score of 92 and a monthly premium of $7.

Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower rates. Mutual of Omaha and Protective excel due to their strong affordability, customer satisfaction and financial stability scores.

Mutual of Omaha offers the best cheap term life insurance for men in Raleigh with a MoneyGeek Score of 92 and a monthly premium of $13. For women, Protective leads with a MoneyGeek Score of 91 and a monthly premium of $11.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain good health, avoid tobacco and choose a shorter term length.

Mutual of Omaha and Protective excel due to their high affordability, customer satisfaction and financial stability scores.

The average monthly premium for term life insurance in Raleigh is $27 for men and $22 for women.

Several factors influence the cost of life insurance premiums. These include age, health, lifestyle, occupation and the amount of coverage. For instance, younger individuals or those in good health typically pay lower premiums. Lifestyle choices such as smoking can increase costs, as can high-risk occupations.

Comparing Raleigh to the rest of North Carolina, various factors might cause differences in life insurance costs. Local health statistics, cost of living, crime rates and regional insurance regulations can all play a role. For example, if Raleigh has higher health care costs or a higher cost of living, this could lead to higher insurance premiums.

Understanding these factors can help consumers make informed decisions about their life insurance needs and budget accordingly.