Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Worcester, Massachusetts, overall. The MoneyGeek score is 91, with an average monthly premium of $37 for men and 92, with a premium of $29 for women.
Different factors influence life insurance decisions, and 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 Worcester, Massachusetts.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceWorcester, MABest Life Insurance Companies in Worcester
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 Worcester for both men and women, with a MoneyGeek score of 91 and average monthly premiums of $28 for men and $22 for women.
Top providers for men:
Top providers for women:
Protective is the top choice for life insurance in Worcester due to a combination of high MoneyGeek score and affordable premiums.
When looking for the best life insurance in Worcester, Protective is the top choice. With a MoneyGeek score of 91, Protective balances affordability and customer satisfaction.
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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 Worcester, Protective is the leading provider of the best term life insurance for both men and women, boasting a MoneyGeek score of 91 and average monthly premiums of $12 and $10, respectively.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides a death benefit if the insured passes away during a specified term. Young parents might choose term life insurance to ensure their child's financial security.
Men and women seeking the best term life insurance in Worcester can rely on Protective. It received a MoneyGeek score of 91, with average monthly premiums of $12 for men and $10 for women. It offers a balance of cost and quality that is hard to beat.
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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 has the best whole life insurance in Worcester. It garnered a MoneyGeek score of 66 for affordability, customer satisfaction, financial stability and product diversity.
Top two whole life companies in Worcester:
Whole life insurance is a permanent life insurance offering a death benefit with a cash value component that grows over time. Someone might choose it over term life insurance because of lifelong coverage and a financial asset for estate planning or retirement.
Protective is the best whole life insurance provider in Worcester for both men and women, with a MoneyGeek score of 66. It is recognized for its strong 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.
When searching for the best universal life insurance in Worcester, Protective should be the top choice. Its MoneyGeek score of 91 for both men and women reflects high affordability, customer satisfaction and financial stability.
Best universal life insurance for men and women:
Universal life insurance offers flexible premiums and death benefits, making it suitable for those who want adaptability — for example, those who want to build cash value that they can borrow against in the future.
In Worcester, Protective is the premier choice for universal life insurance, achieving a high 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 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 Worcester is Protective, with a MoneyGeek score of 63.
Best life insurance companies that don't require a medical exam:
Life insurance without mandatory medical exams allows individuals to obtain coverage quickly and hassle-free. It is particularly beneficial for those needing immediate coverage or health conditions that make traditional insurance policies costly or difficult to obtain.
Protective is the best no-medical-exam life insurer in Worcester. With a MoneyGeek score of 63, the company is committed to 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 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.
Protective provides the best term life insurance for seniors in Worcester. It received a MoneyGeek score of 91 for men and 90 for women, with average monthly premiums of $56 and $48, respectively.
Age is a determining factor in life insurance premiums, as the risk to the insurer increases with the policyholder's age.
| 1 | Protective | $56 | 91 |
| 2 | Mutual of Omaha | $66 | 90 |
| 3 | Nationwide | $58 | 89 |
| 4 | Allstate | $44 | 89 |
| 5 | Transamerica | $47 | 88 |
| 6 | AAA | $68 | 88 |
| 7 | Prudential | $51 | 87 |
| 8 | Haven | $109 | 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.
The best term life insurance for smokers in Worcester is Mutual of Omaha. Its MoneyGeek score is 90 for men and 89 for women, and its average monthly premiums are $39 and $35, respectively.
Smoking significantly impacts life insurance costs due to the heightened health risks it poses. Insurers typically charge smokers higher premiums to offset these risks.
| 1 | Mutual of Omaha | $39 | 90 |
| 2 | Nationwide | $40 | 89 |
| 3 | Allstate | $29 | 89 |
| 4 | Protective | $52 | 88 |
| 5 | Transamerica | $29 | 88 |
| 6 | AAA | $41 | 88 |
| 7 | Prudential | $34 | 87 |
| 8 | Haven | $65 | 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 adults in Worcester is Protective. With a MoneyGeek Score of 92 and average monthly premiums of $7 for men and $6 for women, Protective offers excellent value.
Age is crucial in determining life insurance premiums, with costs generally increasing as one gets older.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $9 | 91 |
| 3 | Nationwide | $9 | 90 |
| 4 | AAA | $9 | 89 |
| 5 | Allstate | $7 | 89 |
| 6 | Transamerica | $7 | 88 |
| 7 | Prudential | $10 | 86 |
| 8 | Haven | $11 | 86 |
| 9 | Bestow | $27 | 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 Worcester is Protective, with a MoneyGeek score of 91 and average monthly premiums of $10 for women and $12 for men.
Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term and opt for a lower coverage amount.
| 1 | Protective | $12 | 91 |
| 2 | Allstate | $11 | 91 |
| 3 | Transamerica | $11 | 90 |
| 4 | Nationwide | $15 | 88 |
| 5 | Mutual of Omaha | $15 | 87 |
| 6 | AAA | $15 | 87 |
| 7 | Prudential | $15 | 85 |
| 8 | Haven | $20 | 81 |
The average monthly premium for term life insurance in Worcester is $18 for women and $22 for men.
Several factors affect the cost of life insurance premiums, such as age, health, lifestyle, occupation and the term of the policy.
Life insurance costs in Worcester might be higher or lower compared to the rest of Massachusetts due to local health statistics, economic conditions and regional risk factors. For example, if Worcester has higher average health risks or economic challenges, premiums may be higher to account for the increased risk.
Knowing the average costs and the reasons behind them can help you choose a policy that best suits your needs and budget.
Protective has the best life insurance for men in Worcester, with a MoneyGeek score of 91 out of 100.
Protective offers the best life insurance for men in Worcester at a monthly premium of $28.
Protective also offers the best life insurance for women in Worcester, with a MoneyGeek score of 91 out of 100.
Protective provides the best life insurance for women in Worcester at a monthly premium of $22.
Life insurance in Worcester may differ from other parts of Massachusetts in terms of premium costs and company ratings. For example, Protective's average premiums in Worcester are $28 for men and $22 for women. These rates may vary in other cities due to regional factors and company presence.
If a life insurance company goes bankrupt in Worcester, policyholders are typically protected by state guaranty associations. These organizations ensure that policyholders receive coverage up to certain limits, maintaining financial security even if the insurer faces insolvency.
Worcester residents may need life insurance to provide financial security for their families, cover outstanding debts or ensure funding for future expenses like education. Life insurance can be a crucial tool for managing financial risks and planning for the future.
To find a lost life insurance policy in Worcester, residents can check personal records, contact the insurance company directly or use online search tools provided by state insurance departments. These steps can help locate missing policies and ensure beneficiaries receive their due benefits.
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.
