Updated: November 21, 2024
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For women in Shreveport, Louisiana, Protective offers the best life insurance with a MoneyGeek score of 92 and a monthly premium of $26. For men, Mutual of Omaha is the top provider, with a MoneyGeek score of 91 and a monthly premium of $40.
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 with $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 Shreveport, Louisiana.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceShreveport, LABest Life Insurance Companies in Shreveport
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.
In Shreveport, Mutual of Omaha offers the best life insurance for men with a MoneyGeek score of 91 and a monthly premium of $40. For women, Protective tops the list with a MoneyGeek score of 92 and a monthly premium of $26.
The top providers for men are:
The top providers for women are:
Mutual of Omaha and Protective are the top choices due to their high MoneyGeek scores, indicating strong affordability, customer satisfaction and financial stability.
In Shreveport, Mutual of Omaha is the best life insurance provider for men with a score of 91 and a $40 monthly premium. It offers reliable coverage options, ensuring peace of mind for policyholders.
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In Shreveport, Protective stands out as the best life insurance provider for women, with a MoneyGeek score of 92 and a monthly premium of $26. It offers reliable, tailored coverage options.
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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 in Shreveport as the provider of the best term life insurance for men and women, with a MoneyGeek score of 91 for men and 92 for women, with a monthly premium of $20 and $14 respectively. This score indicates a strong combination of affordability, customer satisfaction, and financial stability.
The top providers for men are:
The top providers for women are:
Term life insurance is a policy where coverage is provided for a specific period, such as 10, 20 or 30 years, making it a straightforward and often affordable option. For instance, a parent may opt for term life insurance to ensure their child's education expenses are covered in the event of their untimely passing.
Protective stands out as the leading term life insurance provider for men and women in Shreveport, with a MoneyGeek score of 92 for both. With a monthly premium of $15 for men and $14 for women, it offers a balance of cost and quality service.
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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.
For those seeking the best whole life insurance in Shreveport, Protective stands out with a MoneyGeek score of 92 for men and women. This score indicates a strong performance across various metrics, making Protective a solid choice for consumers prioritizing financial stability, customer satisfaction and product diversity in their insurance provider.
The top providers for men are:
The top providers for women are:
Whole life insurance is a permanent policy designed to provide coverage for the policyholder's entire lifetime. Unlike term life insurance, which only covers a specific period, whole life insurance includes an investment component that can accumulate cash value. For example, someone might choose whole life insurance to ensure they leave a legacy for their heirs or to supplement retirement income.
In Shreveport, Protective stands out as the premier choice for whole life insurance for men and women, boasting a MoneyGeek score of 92. Customers can trust in their commitment to 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 Shreveport, Protective provides the best universal life insurance for men and women, with a MoneyGeek score of 91 for both. 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 a flexible premium and death benefit, along with the potential to accumulate cash value over time. For instance, someone who wants the ability to adjust their coverage as their financial situation changes may find universal life insurance to be the most suitable option.
In Shreveport, Protective stands out as the premier provider of universal life insurance for men and women, with a MoneyGeek score of 91 for each. The company's commitment to customer satisfaction and affordability makes it a reliable choice for those seeking financial security.
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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 best no medical exam life insurance in Shreveport, Protective stands out with a MoneyGeek score of 91 for men and women. This score indicates a strong performance across affordability, customer satisfaction, buying process, financial stability and product diversity.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance allows individuals to obtain coverage without undergoing a physical examination. This can be particularly beneficial for those with health concerns or who need quick coverage without the delays of a traditional medical assessment. For example, someone with a chronic illness might choose no medical exam insurance for immediate protection without the potential for denial based on their health condition.
Protective emerges as the leading provider of no-medical-exam life insurance in Shreveport for men and women, with a MoneyGeek score of 91. This score reflects the company's commitment to customer satisfaction and value.
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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 Shreveport, Mutual of Omaha stands out with the best term life insurance for seniors among men, boasting a MoneyGeek score of 63 and a monthly premium of $79. For women, Protective leads with a score of 92 and a premium of $58.
Age is a determining factor in life insurance premiums; as the risk increases with age, so does the cost. Mutual of Omaha and Protective's high MoneyGeek scores reflect their strong customer satisfaction, financial stability and diverse product offerings.
| 1 | Mutual of Omaha | $79 | 91 |
| 2 | Nationwide | $64 | 91 |
| 3 | Protective | $84 | 90 |
| 4 | Prudential | $78 | 86 |
| 5 | Transamerica | $89 | 86 |
| 6 | AAA | $131 | 86 |
| 7 | Allstate | $104 | 86 |
| 8 | State Farm | $133 | 85 |
| 9 | Haven | $143 | 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 those seeking the best term life insurance for smokers in Shreveport, Mutual of Omaha stands out with the highest MoneyGeek score of 90 for men and 89 for women. Men can expect a monthly premium of $71, while women are quoted at $70.
Smoking significantly influences life insurance premiums due to the associated health risks. Insurers often charge smokers higher rates to offset the potential cost of claims stemming from smoking-related illnesses. Mutual of Omaha's high MoneyGeek score reflects its strong customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $44 | 90 |
| 2 | Nationwide | $42 | 90 |
| 3 | Allstate | $38 | 88 |
| 4 | Transamerica | $39 | 88 |
| 5 | Prudential | $36 | 88 |
| 6 | Protective | $63 | 87 |
| 7 | State Farm | $55 | 86 |
| 8 | AAA | $70 | 86 |
| 9 | Haven | $73 | 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.
The best term life insurance for young adultsin Shreveport is provided by Protective. It has a MoneyGeek score of 92 for women and 91 for men, and monthly premiums of $9 and $12, respectively.
Age plays a significant role in determining life insurance premiums. Younger adults typically enjoy lower premiums due to their lower risk of health issues. Protective's high scores in affordability, customer satisfaction and financial stability ensure that you get the best value for your money.
| 1 | Protective | $12 | 91 |
| 2 | Mutual of Omaha | $12 | 91 |
| 3 | Nationwide | $11 | 91 |
| 4 | Transamerica | $13 | 87 |
| 5 | AAA | $20 | 86 |
| 6 | Prudential | $16 | 86 |
| 7 | Allstate | $19 | 85 |
| 8 | Haven | $16 | 85 |
| 9 | State Farm | $23 | 85 |
| 10 | Bestow | $25 | 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 men, Nationwide offers the best cheap term life insurance in Shreveport with a MoneyGeek score of 93 and a monthly premium of $18. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of $14.
Several factors influence the cost of premiums for life insurance, including age, health, coverage amount and term length. To get the lowest premiums possible, individuals should maintain good health, choose a shorter term length, and opt for a lower coverage amount.
| 1 | Nationwide | $18 | 93 |
| 2 | Mutual of Omaha | $20 | 91 |
| 3 | Protective | $20 | 91 |
| 4 | Transamerica | $21 | 88 |
| 5 | Prudential | $24 | 87 |
| 6 | AAA | $32 | 85 |
| 7 | Allstate | $29 | 84 |
| 8 | Haven | $27 | 84 |
| 9 | State Farm | $36 | 82 |
The average cost of term life insurance premiums in Shreveport is $26 for women and $37 for men. Various factors can affect the cost of life insurance premiums. Age, health, and lifestyle are some of the primary considerations. For example, younger and healthier individuals often pay lower premiums. Lifestyle choices such as smoking or engaging in high-risk activities can increase costs.
The cost of life insurance in Shreveport may differ from the rest of Louisiana due to several reasons. Local economic conditions can impact premiums. Health statistics specific to Shreveport, such as higher rates of certain illnesses, could also play a role. Additionally, risk factors unique to the area, such as higher crime rates or natural disaster risks, might influence insurance costs.
Mutual of Omaha offers the best life insurance for men in Shreveport. With a MoneyGeek score of 91, it stands out as the top choice. The company provides a comprehensive package that meets the needs of male policyholders in the area.
The monthly premium cost for the best life insurance for men in Shreveport, offered by Mutual of Omaha, is $40.
Protective offers the best life insurance for women in Shreveport. With a MoneyGeek score of 92, it is the top choice for female policyholders in the area.
The monthly premium cost for the best life insurance for women in Shreveport, provided by Protective, is $26.
Life insurance in Shreveport may differ from the rest of Louisiana in terms of available providers and premium costs. For example, Protective and Mutual of Omaha have standout offerings in Shreveport. Additionally, local economic factors and demographics can influence the types of policies and coverage options available.
If a life insurance company goes bankrupt in Shreveport, state guaranty associations may step in to protect policyholders. These associations provide coverage up to certain limits, ensuring that policyholders do not lose their benefits. It is important to review your policy and understand the protections in place.
Shreveport residents might need life insurance for several reasons, including providing financial security for their families, covering outstanding debts, and ensuring that funeral expenses are managed. Life insurance can also serve as an inheritance or a way to support dependents.
To find a lost life insurance policy in Shreveport, start by checking through personal records and contacting the deceased's financial advisors or attorneys. You can also reach out to the insurance companies directly or use online tools and databases that help locate unclaimed 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.
