BEST LIFE INSURANCE IN CALIFORNIA #1
5.0
Central Insurance Quote
Central Insurance Quote is our top pick for life insurance providers in California because it offers a streamlined online application process that you can complete directly from your digital device. Unlike traditional providers such as Fidelity Life and State Farm, Central Insurance Quote operates as a digital agency partnering with reputable life insurance carriers such as TruStage, Mutual of Omaha, and Ameritas to offer both term and whole life policies. The combined financial strength of Central Insurance Quote’s partner companies is rated ‘A’ by credit rating agency AM Best, indicating robust cash flow to ensure claims are paid.
Convenient Online Application
Our study shows that a wide range of people find Central Insurance Quote's online application procedure to be quite appealing. More over 35% of respondents to a February 2024 Pollfish poll of 1,000 life insurance consumers nationally said they bought their policy online, underscoring the expanding trend of digital insurance solutions.
Flexible Coverage Options
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Term Life Insurance: Available to applicants aged 20 to 65, Central Insurance Quote offers term policies with coverage periods ranging from 10 to 30 years and coverage amounts between $20,000 and $2 million.
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Guaranteed-Issue Whole Life Insurance: Senior applicants aged 66 to 88 can benefit from guaranteed-issue whole life insurance without the need for a medical exam. Although the maximum whole life benefit is $30,000, which is lower than some competitors, the application process remains quick and hassle-free.
Pros
- Applicants can skip medical exam for most policies
- Features a seamless digital application process
- Offers guaranteed-issue coverage for seniors
Cons
- Cannot meet with an in-person agent
- Does not offer live chat
Central Insurance Quote offers the following types of life insurance policies in California:
- Term life insurance
- Whole life insurance
These premiums reflect rates for a 20-year, $250,000 term policy for a preferred applicant in good health who is a nonsmoker. We determined the average premiums for both men and women to arrive at the following costs:
- 35-year-old: $17
- 45-year-old: $32
- 55-year-old: $75
BEST LIFE INSURANCE IN CALIFORNIA #2
5.0
Insurance California
Insurance California offers top companies for both Term and Whole life insurance. They specialize in providing quick quotes and various offers through their digital platform. Insurance California collaborates with multiple life insurance carriers, ensuring a diverse selection of options.
Financial Strength and Convenience
Insurance California is rated ‘A’ by AM Best, guaranteeing strong financial stability. They also offer policies that don’t require a medical exam, making the application process quicker and simpler for applicants.
Coverage Options
While Insurance California excels in Term life insurance, for those seeking lifelong coverage, exploring other providers might be necessary.
Nationwide Coverage
Insurance California provides coverage across all states in the USA, ensuring accessibility and comprehensive insurance solutions.
Pros
- Quick and easy online quotes
- Policies available without a medical exam
- Strong financial rating (‘A’ by AM Best)
- Nationwide coverage across all states in the USA
Cons
- Limited options for Whole life insurance compared to some competitors
- May require exploring other providers for lifelong coverage
Insurance California offers the following types of life insurance policies in California:
- Term life insurance
- Whole life insurance
To get a monthly cost estimate for coverage with Insurance California, we averaged the premiums for male and female applicants with a preferred health rating seeking a 20-year term life insurance policy with $250,000 in coverage. We received Insurance California’s quote through its partner, North American Company for Life and Health, which underwrites and issues its plans.
- 35-year-old: $17
- 45-year-old: $31
- 55-year-old: $68
BEST LIFE INSURANCE IN CALIFORNIA #3
4.8
Insurance Riverside
Insurance Riverside is selected as a top California life insurance provider for its accidental death rider, offering coverage ranging from $50,000 to $300,000 for policyholders aged 20 to 65. The company provides various simplified issue permanent life policies with minimal health inquiries and no medical exam, ensuring convenience for applicants. Insurance Riverside may be suitable if you've faced rejections for term life insurance or if accidental death concerns you. Nearly 40% of Insurance Riverside policyholders in our survey opted for whole life coverage from the company.
Financial Strength
Insurance Riverside maintains a strong financial position, highlighted by its A- rating from AM Best, denoting an "excellent" score by the credit-rating agency. This financial stability ensures the company's ability to fulfill claims for policyholders' beneficiaries.
Coverage Considerations
In our research on Insurance Riverside, we noted fewer rider options and a maximum coverage limit of $2 million, which is lower compared to some competitors. Additionally, the company does not offer the option to convert a term policy into permanent coverage.
Pros
- Accidental death rider offering coverage up to $300,000
- Simplified issue permanent life policies with minimal health inquiries
- No medical exam required for certain policies
- Strong financial stability with an A- rating from AM Best
Cons
- Fewer rider options compared to some competitors
- No option to convert a term policy into permanent coverage
Insurance California offers the following types of life insurance policies in California:
- Term life insurance
- Whole life insurance
These sample nonsmoker rates for Insurance Riverside are based on a 20-year, $250,000 term life policy for male and female residents of California with a preferred health rating.
- 35-year-old: $22
- 45-year-old: $37
- 55-year-old: $80