Best Life Insurance Companies In Tennessee 2025

MassMutual earned its place as Best Overall Runner-Up due to its extensive insurance offerings. It provides term, whole, and universal life policies at competitive rates, complemented by numerous rider options. Its agents, exclusively selling MassMutual products, are well-trained to deliver expert advice. The insurer’s A++ Superior rating from AM Best underscores its financial stability and ability to pay claims. Despite less visibility in Tennessee, it remains a respected name in the state.

New York Life, with its iconic headquarters in New York City and offices across the state, is one of New York’s most trusted life insurance providers. Established in 1845, it employs thousands of residents and is a leader in the industry. We selected it as the best overall for its extensive product range, including top-tier term life policies like the Million Plus Level Term 10, which provides fixed premiums for the first ten years and coverage starting at $1 million.

New York Life’s term insurance premiums increase after ten years, but many policies allow conversion to permanent life insurance. Whole life options include plans with customizable payments, useful for people with fluctuating incomes or those who want to finish payments early. The Secure Wealth Plus plan, available for individuals aged 0 to 60, can be paid off in a decade. New York Life is our Best Overall pick due to its size and financial stability, ranking as the third largest life insurer in the U.S. and the largest mutual company.

Mutual of Omaha has a trusted reputation among seniors, thanks in part to its “Wild Kingdom” show and its highly trained agents. The insurer offers life insurance options tailored for seniors with health concerns. The guaranteed-issue policy eliminates medical exams and health history questions, making it suitable for serious illnesses. The simplified-issue policy, which avoids a medical exam but requires health questions, is ideal for less severe conditions like type 2 diabetes or high blood pressure.

Life insurance is more expensive for seniors, but many trust Mutual of Omaha for their coverage needs. The company has a long-standing history of providing senior-friendly products, including Medicare supplements and life insurance. Baby Boomers and their parents have relied on the brand for years, supported by its direct mail campaigns and highly trained agents.

Recognized for its high customer satisfaction by J.D. Power, State Farm is a leader in the life insurance industry. The company’s vast network of agents provides policyholders with easy access to local, in-person assistance. Known for its exceptional service and prompt claims handling, State Farm offers dependable support to families in their time of need.

Catering to young adults who value affordability, Transamerica designs its life insurance policies to suit their budgets. The website is intuitive and filled with accessible information, created to assist younger buyers in finding the right coverage. Transamerica’s mission is to make life insurance available to everyone, regardless of age or income level.

Life insurance providers face difficulties in reaching younger clients, as many delay buying policies until later in life. Transamerica remains focused on this group due to the profitability of their lower risk profiles. However, it ranked last in customer service in our evaluation, possibly because some independent agents fail to meet expectations.

MassMutual dominates Tennessee’s life insurance market with its competitive rates and financial strength. While other companies offer budget-friendly term life policies, MassMutual continues to provide the best value. Price is a critical factor for buyers, and MassMutual capitalizes on this by offering affordable premiums with generous coverage limits for term policies. However, their whole and universal life policies are priced higher, consistent with the costs of permanent insurance options

Nationwide has built a strong reputation with many local offices that provide sales and service nationwide. Smokers in Tennessee seeking life insurance will find their motto, “Nationwide is on your side,” to hold true. Despite slightly higher rates for smokers compared to the top competitors, Nationwide is considered the best option for smokers due to its competitive pricing, available agents, and excellent customer service.