My research has shown that MassMutual is the best life insurance company in Virginia.
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If you’re living in Virginia and thinking about buying life insurance, you’re probably hoping that it won’t be a hassle finding and securing coverage. My goal is to help you accomplish this process by doing the research that will be a time and money saver for you.
During my research into life insurance companies in Virginia, I formed the opinion that the best life insurance within the state is MassMutual. This conclusion wasn’t made on either cost or market share alone, but was also affected by MassMutual’s other strong points.
Factors such as excellent coverage, superb customer service, and low rates combined to earn MassMutual the title of Best Overall. I believe that all of those attributes make the company a smart choice for anyone who wants the best life insurance at a budget friendly price.
Other companies that ranked at the top in my ratings were: Nationwide as the top choice for smokers, Mutual Of Omaha as the best option for seniors, State Farm excel for their level of customer service and finally, Transamerica as the premier option for young adults.
Best Life Insurance, Virginia 2024
To help you review the leading life insurance carriers in Virginia, this table shows my preferred companies across several areas.
Scroll to see comparisons ⇄My approach was to do thorough examinations of top insurers within the state, and then compare them to each other. Multiple factors were taken into consideration, including: cost, product offerings, online user experience, and customer service ratings. With my years of experience as an insurance sales agent, I went into this endeavor with an advantage over the average consumer, because life insurance is familiar to me. My life experience in life insurance products gave me an edge that served me well in the execution of this project. That experience, combined with the years I spent in interaction with agents from different insurance companies, came in handy while compiling these reviews. It gave me invaluable insights into different insurance products and services that are major facets of the insurance industry.
Quotes Analyzed Years Of Experience Brands Reviewed Research HoursMy research led me to form the opinion that MassMutual was the best qualified to carry the title “Best Overall” due to its many strengths. The company has a variety of high quality insurance products, including term life, universal life, and whole life…all at very competitive rates. MassMutual also has a sizable array of available riders that you can add to your policy. MassMutual’s sales agents are thoroughly trained in all aspects of life insurance, and their agents only represent MassMutual’s insurance products, no one else’s. So, they’re specialists in MassMutual insurance, something that is beneficial to policyholders and anyone looking to purchase life insurance. These agents are often referred to as “career agents” due to their expansive knowledge of the insurer’s life insurance products. MassMutual’s financial strength and stability were among other factors that influenced my ratings. The company has consistently received the highest rating from AM Best (A++ Superior) based on its financial strength, along with its ability to pay claims. My ranking of Best Overall is a reflection of MassMutual’s commitment to offering a wide selection of insurance products, in addition to training and maintaining a competent sales and service team. This decision wasn’t just based on price, although its rates are quite competitive. MassMutual might not have the brand recognition or market share that some of its competition does, but it’s a well respected, established insurance provider in Virginia.
Since back in 1909, Mutual of Omaha has been addressing the life insurance needs of seniors. America’s older group of consumers place their trust in Mutual of Omaha, not because of its television show “Mutual of Omaha’s Wild Kingdom,” but because of its numerous strengths. Chief among these strengths is the expert training its agents receive on how to best serve the life insurance needs of the senior niche market in the United States. Mutual of Omaha is known for its wide variety of senior life insurance products, especially two that were designed specifically for older people with health issues. The first of these is a guaranteed-issue policy, meaning no medical examination or providing your medical records. This makes it a popular choice for seniors with serious conditions such as heart disease, stroke or cancer. The second product is a simplified-issue policy. Although you will be required to furnish your medical history, you won’t have to undergo a medical exam. This policy is ideal for seniors with minor health problems like Type 2 Diabetes or hypertension (high blood pressure).
| Company | Monthly Cost |
| GEICO | $63 |
| Mutual of Omaha | $76 |
| Nationwide | $68 |
| Prudential | $65 |
| Protective | $66 |
*Based on $75,000 of coverage for a 60-year-old male non-smoker buying a 10-year term life contract.
Bob PhillipsJ.D. Powers is a long established marketing research firm in the United States. This prestigious firm has consistently recognized State Farm as a life insurance company with a superior level of customer satisfaction. I feel sure that this high rating is a result of State Farm’s dedication to superior customer service. It’s hardly surprising, because State Farm has more agents in the field for sales and service than any insurance company in the nation. State Farm is frequently acclaimed for its superlative customer service, an area that most consumers appreciate. The company is also a stand out in the insurance industry due to having numerous local offices where consumers can meet agents face-to-face for the help they need, in a timely manner. State Farm gets a lot of recognition for its outstanding customer service as well as its fast claims process. Claim processing is a key element in a life insurance company, especially when loved ones are mourning and depending on an insurance company for timely and compassionate assistance.
Transamerica recognizes its own strong points, and one of those is providing low priced life insurance for young adults. This insurance provider is aware, too, that a lot of younger people are cautious with their financial outlays, especially when the purchase is an intangible product like life insurance. So, Transamerica makes an effort to keep rates within the budget guidelines of an age group that wants a lot of bang for their buck. Transamerica also understands that this younger age group is accustomed to doing business online and it’s what they’re most comfortable with. The company’s website has been designed to meet the expectations of younger adults. It’s quick and easy to navigate, transitioning from one section to another smoothly. Transamerica believes that everyone, no matter their age or finances, is entitled to the security and protection of life insurance. Life insurance companies may find that marketing to this younger age group is far from easy, which might be because according to studies, a lot of younger people these days don’t feel any urgency to secure life insurance. This group is postponing getting married and starting a family until later in life, so they often delay buying life insurance until they do. Insurers like Transamerica are focused on marketing life insurance to this younger demographic because it’s a wise business move. Younger policyholders have lower mortality rates, which translates into increased profits for the life insurance company. Of the insurance carriers I included in my reviews, Transamerica had the lowest rating in customer service. This might be attributed to Transamerica’s practice of only using independent agents for sales and service. Some indie agents, working without supervision, might well have room for considerable improvement in those areas. This would account for the low ratings in customer service.
| Company | Monthly Cost |
| GEICO | $10 |
| Mutual of Omaha | $12 |
| Nationwide | $13 |
| AAA | $14 |
| Protective | $10 |
*Rates are for a 25-year-old male nonsmoker that purchases a $250,000 20-year term life policy.