Best Life Insurance Companies In Missouri For 2024

MassMutual was awarded the Best Overall title thanks to its broad selection of life insurance offerings. They provide term, whole, and universal life policies at competitive prices, plus a range of riders tailored to customer needs.

Their “career agents” are experts in MassMutual products, providing top-notch guidance.

Financially, the company is robust, with an A++ Superior rating from AM Best, proving its ability to handle claims.

While it may not have the same market dominance or recognition in Missouri, MassMutual’s diverse products and well-trained agents secured its Best Overall standing.

For years, Mutual of Omaha has earned the trust of seniors, thanks in part to its show “Mutual of Omaha’s Wild Kingdom” and the specialized training its agents receive.

The company offers a well-known senior life insurance portfolio, including two options for those with health challenges. The guaranteed-issue policy, requiring no medical exam or health questions, is a good fit for seniors with severe conditions like cancer or strokes.

Their simplified-issue policy, which only requires answering basic health questions, works well for seniors with manageable health issues like high blood pressure.

Life insurance can be more expensive for seniors, which is why many turn to Mutual of Omaha. The company has been a trusted provider of Medicare supplements and life insurance for Baby Boomers and their parents for generations.

A big part of Mutual of Omaha’s success in the senior market is its strong direct mail program and the expertise of its agents who are trained to meet seniors’ insurance needs.

Transamerica is known for its affordable life insurance options geared towards young adults. The company understands that younger customers tend to be budget-conscious, especially when it comes to purchasing life insurance, so they’ve ensured that their policies are reasonably priced to provide necessary coverage without financial strain.

With younger clients in mind, Transamerica has crafted an easy-to-navigate, informative website that simplifies the process of exploring life insurance options. They’re committed to offering life insurance that’s accessible and affordable for everyone, regardless of age or income.

Young people often don’t see the value in life insurance until they reach milestones like marriage or parenthood. However, Transamerica targets this group because their lower mortality rates make them a profitable demographic.

Unfortunately, Transamerica scored the lowest in customer service among the companies we reviewed, which could be attributed to their use of independent agents who may not always deliver top-notch service.

Nationwide is well-regarded for its local offices that provide both sales and service. Their slogan, “Nationwide is on your side,” especially applies to smokers in Missouri looking for life insurance. Despite slightly higher rates for smokers compared to other companies, Nationwide stands out as the best option thanks to its competitive pricing, availability of agents, and top-notch customer service.

J.D. Powers has consistently ranked State Farm among the top life insurance companies, noting its impressive customer satisfaction ratings. This is a testament to the company’s commitment to delivering excellent service to its policyholders. State Farm’s extensive network of agents nationwide further solidifies its standing in the insurance industry.

The company is highly regarded for its steadfast dedication to exceptional customer service, which is greatly appreciated by its policyholders. With a plethora of local offices, clients have the opportunity to meet their agents in person for any sales or policy-related help they may require.

Additionally, State Farm is recognized for its efficient claims processing—an essential aspect of life insurance, especially when families are relying on their provider for timely and compassionate assistance.

In Missouri, MassMutual is recognized as a leading life insurance provider, standing out for its competitive rates across the state. Despite a wide array of low-cost term insurance companies, MassMutual still holds the most favorable rates. While it’s important not to choose life insurance based solely on price, it remains a vital factor for buyers.

MassMutual offers some of the best rates for those looking for life insurance in Missouri, although it is more often associated with professionalism than low prices. Nevertheless, the company is focused on increasing its market presence in Missouri through aggressive pricing strategies. In today’s economy, cost is an important consideration when purchasing life insurance.

MassMutual offers excellent options with affordable premiums and substantial coverage amounts. Although their whole and universal life policies might not be the most economical, MassMutual generally offers generous coverage for term life insurance, especially since permanent life insurance tends to be more expensive.