Penn Mutual offered the cheapest average life insurance rate of $20.71 per month for healthy 35- to 45-year-olds seeking a 20-year term policy with $250,000 in coverage, based on the MarketWatch Guides team’s review. Cost was the most important factor overall to 1,000 life insurance policyholders we surveyed nationwide in February 2024. Getting affordable life insurance is possible, especially if you apply for a term life insurance policy at the earliest age you need coverage.
Affordable life insurance can still provide benefits for your family. Compare the cheapest life insurance companies and policies to get covered now.
COMPANY, J.D. POWER SCORE, AM BEST RATING ; Ladder Life, Not rated, Depends on partner insurer ; Corebridge Financial, 575/1,000, A (Excellent) ; Mutual of Omaha, 659/1,000, A+ (Superior) ; State Farm, 699/1,000, A++ (Superior) ; Protective, 653/1,000, A+ (Superior)
Don't spend a fortune on life insurance. Our experts evaluate the most affordable life insurance policies in our unbiased rating of the Cheapest Life Insurance Companies for 2024.
Discover the best cheap life insurance companies, based on policies offered, renewable coverage, flexible term lengths and more.
The cheapest term life insurance companies are Symetra, Corebridge Financial, Pacific Life, Penn Mutual and Protective, based on our analysis of top companies.
Pacific Life ; Protective ; Transamerica ; Pros : Excellent overall score across six different permanent-life categories, including financial strength, cost competitiveness, reliable policy illustrations, access to cash value, historical performance and complaint rate · Among the highest Veralytic scores for reliable policy illustrations (show the predicted growth of your policy over time) · Above-average cost competitiveness, Cons : Term rates were slightly higher than the group average
The best cheap life insurance companies offer term life policies at reasonable rates with flexible terms and robust riders.
Permanent life insurance policies, like whole life and universal life, come with a cash value... Term life insurance is generally the cheapest form of life insurance. You lock in the policy...
We researched the top life insurance companies. Read our guide to find out more about the types of life insurance policies available and the best companies.