Best Life Insurance in Arkansas for 2025 (Find the Top 10 Companies Here)
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | 17% | B | Agent Support | State Farm |
 |
#2 | 12% | A+ | No-Exam Policies | Mutual of Omaha |
 |
#3 | 10% | A+ | Coverage Variety | Prudential |
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#4 | 15% | A++ | Investment Plans | Northwestern Mutual |
 |
#5 | 20% | A+ | Policy Flexibility | Nationwide |
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#6 | 10% | A+ | Digital Convenience | New York Life |
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#7 | 8% | A+ | Affordable Rates | Banner Life |
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#8 | 5% | A | Simplified Coverage | Globe Life |
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#9 | 14% | A++ | Disability Options | Guardian Life |
 |
#10 | 9% | A | Living Benefits | Transamerica |
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
|
$60 | $230 |
|
$55 | $240 |
|
$80 | $350 |
|
$65 | $280 |
 |
$50 | $100 |
|
$85 | $360 |
|
$80 | $350 |
|
$75 | $320 |
|
$70 | $300 |
|
$70 | $300 |
| Insurance Company | Available Discounts |
|---|---|
|
Bundling, Healthy Living, Non-Smoker, Long-Term Policy, Auto-Pay Discount |
|
Vitality Program, Healthy Lifestyle, Non-Smoker, Bundling, Paperless Discount, Long-Term Policy |
|
Non-Smoker, Healthy Living, Long-Term Policy, Bundling, Family Policy Discount |
|
Healthy Living, Bundling, Non-Smoker, Long-Term Policy, Military Discount, Auto-Pay |
|
Bundling, Healthy Living, Non-Smoker, Paperless, Auto-Pay Discount |
|
Long-Term Policy, Healthy Living, Non-Smoker, Multi-Policy, Family Policy Discount, Auto-Pay |
|
Long-Term Policy, Healthy Living, Bundling, Multiple Insurance Types, Auto-Pay Discount, Non-Smoker |
|
Non-Smoker, Term Policies, Healthy Living, Long-Term Policy, Multi-Policy, Auto-Pay Discount |
|
Bundling, Healthy Living, Non-Smoker, Paperless Discount, Auto-Pay |
|
Healthy Living, Long-Term Policy, Non-Smoker, Multi-Policy, Auto-Pay Discount, Family Policy Discount |
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Non-Smoker Discount | A | 20% | State Farm, Northwestern Mutual |
| Healthy Lifestyle Discount | A | 15% | Prudential, Mutual of Omaha |
| Bundling Discount | A- | 10% | Nationwide, Guardian Life |
| Loyalty Discount | B+ | 8% | New York Life, MassMutual |
| Military Discount | B | 12% | USAA, AIG |
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Heart Disease | 35% | $150000 |
| Cancer | 30% | $140000 |
| Accidental Death | 15% | $100000 |
| Respiratory Disease | 10% | $90000 |
| Stroke | 10% | $95000 |
| City | Accidents per Year | Claims per Year |
|---|---|---|
| Fayetteville | 2,200 | 1,900 |
| Fort Smith | 1,800 | 1,500 |
| Hot Springs | 1,200 | 950 |
| Jonesboro | 1,500 | 1,200 |
| Little Rock | 3,500 | 2,800 |
| Category | Grade | Explanation |
|---|---|---|
| Natural Disaster Risk | A | Minimal impact on premiums due to fewer disaster-related deaths. |
| Crime Rate Impact | A | Low violent crime rates improve life insurance affordability. |
| Average Claim Cost | A- | Claims are slightly below national averages due to lower costs. |
| Traffic Accident Rate | B+ | Moderate levels of accidental death coverage claims. |
| Unhealthy Lifestyle Rate | B | High prevalence of smoking and obesity increases premiums. |
Frequently Asked Questions
Who is the #1 most trusted life insurance company?
The most trusted life insurance company is often a matter of personal preference, but many people turn to State Farm for its reliable customer service, financial stability, and strong reputation.
How much is life insurance in Arkansas per month?
Life insurance in Arkansas typically costs between $30 and $70 per month, depending on factors like age, health, coverage amount, and classification. Stop wasting money on life insurance. Compare rates from the best insurers in your area using our tool.
What is the best insurance company in Arkansas?
The best life insurance companies in Arkansas are State Farm, Mutual of Omaha, and Prudential. Knowing what are life insurance classifications can help you choose the right provider. State Farm offers great service, Mutual of Omaha has competitive rates, and Prudential is known for stability and quick claims.
Is Arkansas Blue Cross Blue Shield good insurance?
Yes, Arkansas Blue Cross Blue Shield is considered good insurance, offering comprehensive coverage options and a strong reputation for customer service
Which private life insurance is best in Arkansas?
The best private life insurance in Arkansas depends on your needs. Companies like State Farm, Northwestern Mutual, and New York Life often rank highly for customer satisfaction and policy options.
Do you have to pay taxes on life insurance in Arkansas?
Generally, Arkansas beneficiaries do not pay federal income tax on life insurance proceeds. However, there could potentially be taxes if certain situations arise, such as with large estates or interest built up on delayed payments, which emphasizes the need to be aware of how much life does life insurance cost.
What life insurance has the highest payout in Arkansas?
Life insurance policies with the highest payout are typically whole life or universal life policies, as they can build cash value over time. However, term life insurance can also offer high payouts with lower premiums.
Who is the best beneficiary for life insurance in Arkansas?
The best beneficiary is someone who depends on you financially, such as a spouse, children, or other dependents. In Arkansas, it’s important to name a beneficiary to avoid complications in estate planning.
What is the average life insurance payout?
The average payout for life insurance is about $168,000 a month, though this depends on the policy amount and terms, and often includes features like what is a non-forfeiture option to protect policyholders.
Which life insurance is best, term or permanent in Arkansas?
Term life insurance is best if you need coverage for a specific period and want lower premiums. Permanent life insurance, such as whole or universal, is better if you want lifelong coverage and the ability to build cash value.
Should you pay life insurance annually or monthly in Arkansas?
In general, policies are less expensive when you pay annually, and many of Arkansas' best insurance companies will offer annual payment discounts. But monthly payments are easier to fit into a budget.
Where is the best place to put life insurance money in Arkansas?
In Arkansas, deciding where to direct life insurance proceeds depends on your financial goals, such as paying off debts, investing in retirement funds, or creating an emergency savings account—prompting the question, do I need life insurance?
What happens if a life insurance company goes bankrupt in Arkansas?
If a life insurance company in Arkansas fails, policyholders are protected by the Arkansas Life and Health Insurance Guaranty Association. It covers death benefits up to $300,000 and cash value up to $100,000. This provides security in case of company insolvency.
How to find a lost life insurance policy in Arkansas?
To search for a lost policy, review financial records, reach out to the Arkansas Department of Insurance, or use the NAIC’s Policy Locator Service. To search for low life insurance premiums, use our comparison tool for the least expensive policy to meet your needs.
What is the cash value of a $10,000 life insurance policy?
The cash value amount for a $10,000 life insurance policy depends on the policy type and how long you keep it. Whole life policies, for instance, build cash value over time, often from hundreds to thousands of dollars. Term vs. whole life insurance plays a key role in determining whether cash value accumulates.