Best Life Insurance in Massachusetts for 2025 (Check Out the Top 10 Companies)

With rates starting from $26 monthly, MassMutual, State Farm, and Guardian Life offer the best life insurance in Massachusetts. MassMutual stands out with an industry-leading cash value growth of 7.2%.

State Farm provides a 17% bundling discount that saves families an average of $312 annually, and Guardian Life features premium adjustments up to 6 times per year without fees. Life insurance rates in Massachusetts vary significantly based on age, health, and location.

Company	Rank	Bundling Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	6%	A++	Comprehensive Options	MassMutual
	#2	17%	B	Personalized Service	State Farm
	#3	11%	A++	Flexible Policy	Guardian Life
	#4	10%	A+	Vitality Program	John Hancock
	#5	6%	A+	Reliable Term	Transamerica
	#6	13%	A+	Policy Options	Prudential
	#7	5%	A+	Reliable Coverage	Pacific Life
	#8	10%	A+	Financial Stability	Lincoln
	#9	20%	A+	Customer Satisfaction	Nationwide
	#10	4%	A+	Senior-Friendly Options	Mutual of Omaha

Term policies range from $26 to $34 monthly, and whole-life policies range from $62 to $80 monthly. Find cheap life insurance quotes by entering your ZIP code into our free quote comparison tool.

What You Should Know

• MassMutual leads with a 7.2% cash value growth rate over the past decade
• State Farm processes 92% of claims within five business days through their 375 local agents
• Guardian Life allows up to 6 premium adjustments annually without fees

#1 – MassMutual: Top Overall PIck

Pros

• Financial Strength: Outstanding A++ financial strength rating ensures reliable payouts, with $675 billion in assets backing Massachusetts policies.
• Local Accessibility: Local presence in 85% of Massachusetts counties provides policyholders personalized support within 15 miles of residence.
• Cash Value Growth: Cash value growth rates for Massachusetts whole-life policyholders averaged 7.2% over the past decade, outperforming the industry average by 2.1%.

Cons

• Premium Costs: Monthly term life premiums start at $32, approximately 18% higher than the Massachusetts average of $27.
• Digital Limitations: The digital policy management platform lacks real-time claim tracking and online beneficiary changes, which are available from newer Massachusetts insurers.

#2 – State Farm: Best for Personalized Service

Pros

• Multi-Policy Savings: Exceptional 17% multi-policy discount saves Massachusetts families an average of $312 annually when bundling life with home/auto.
• Agent Network: A dedicated network of 375 local agents across Massachusetts provides in-person support within 24 hours of claim filing.
• Claims Efficiency: The Boston claims processing center handles 92% of Massachusetts life insurance claims within 5 business days. Learn more in our State Farm insurance review.

Cons

• Financial Rating: A B rating from A.M. Best indicates lower financial stability than other top Massachusetts providers.
• Medical Requirements Medical exam requirements are more stringent than those of competitors, requiring complete physicals for policies over $100,000.

#3 – Guardian Life: Best for Flexible Policy

Pros

• Payment Flexibility: Flexible payment options allow Massachusetts policyholders to adjust premium payments up to 6 times annually without fees.
• Dividend Performance: Whole life dividend rates have averaged 6.8% since 2019, providing Massachusetts policyholders consistent growth above market rates.
• Business Coverage: As one of the best life insurance companies that offer group insurance, Massachusetts entrepreneurs coverage of up to $5 million without medical exams.

Cons

• Coverage Minimum: The minimum coverage requirement of $250,000 for term policies exceeds Massachusetts's average entry point of $100,000.
• Premium Requirements: Universal life policies require a $150 monthly minimum premium, higher than the $95 Massachusetts market average.

#4 – John Hancock: Best for Vitality Program

Pros

• Wellness Rewards: The Vitality wellness program rewards Massachusetts policyholders with up to 25% premium reduction, saving members an average of $420 annually.
• Digital Health: Fitness trackers integration that tracks 15 wellness metrics, offering Massachusetts members up to $600 yearly in fitness reimbursements.
• Medical Professional Benefits: Superior underwriting for medical professionals reduces premiums by 15% for Massachusetts healthcare workers in high-risk specialties.

Cons

• Age-Related Increases: Premium increases average 8.2% annually after age 50, compared to the Massachusetts industry standard of 5.5%.
• Platform Complexity: The platform requires 3-5 separate logins for Massachusetts policyholders accessing different coverage features and wellness benefits.

#5 – Transamerica: Best for Reliable Term

Pros

• Competitive Rates: Term life rates start at $29 monthly for Massachusetts residents under 35, beating the market average by $3.50.
• Quick Approval: The quick-approval process delivers coverage decisions within 48 hours for 73% of Massachusetts applicants who need life insurance.
• Business Solutions: Specialized business term policies offer Massachusetts entrepreneurs coverage up to $2 million with streamlined underwriting.

Cons

• Office Accessibility: Only three physical offices across Massachusetts require an average travel time of 45 minutes for in-person service.
• Limited Riders: Limited to 12 rider options for Massachusetts policies, compared to the industry average of 18 customization choices.

#6 – Prudential: Best for Policy Options

Pros

• Educational Resources: The comprehensive online education platform features 85 Massachusetts-specific guides for financial planning.
• High-Value Rates: High-value policies over $1 million offer Massachusetts urban professionals rates 12% below market average.
• Benefit Access: As mentioned in our Prudential insurance review, its accelerated death benefit provides Massachusetts policyholders access to 95% of coverage value for terminal illness.

Cons

• Medical Screening: The medical screening process requires 15 additional health metrics compared to Massachusett's competitors.
• Processing Time: Policy modifications take 12-15 business days in Massachusetts versus an industry average of 7-10 days.

#7 – Pacific Life: Best for Reliable Coverage

Pros

• Simplified Approval: Simplified issue policies approve 82% of Massachusetts applicants with chronic conditions within 72 hours.
• Estate Planning: Estate planning tools reduce tax liability by up to 40% for Massachusetts residents with estates over $2 million.
• Guaranteed Rates: Universal life policies offer Massachusetts business owners a guaranteed 3.5% minimum interest rate, making it one of the best life insurance companies with rates that stay the same.

Cons

• Rider Limitations: Term life policies are limited to 8 rider options in Massachusetts, compared to the market average of 12 choices.
• Modification Fees: Policy modification fees average $75 in Massachusetts, exceeding competitor average of $45 per change.

#8 – Lincoln Financial: Best for Financial Stability

Pros

• Claims Approval: Financial stability was demonstrated by a 98.7% claims approval rate for Massachusetts policyholders.
• Professional Coverage: Specialized coverage for Massachusetts medical professionals includes built-in disability riders at no extra cost (Read More: Best Life Insurance Companies for Disabled Children).
• Senior Rates: Premium rates for ages 50+ average 15% lower than Massachusetts market rates for comparable coverage.

Cons

• Age Requirements: Age restrictions require Massachusetts applicants under 30 to provide 5 years of medical history versus standard 3 years.
• Business Plans: Business owner policies are limited to 3 plan structures in Massachusetts, while competitors offer 5-7 options.

#9 – Nationwide: Best for Customer Satisfaction

Pros

• Fast Claims: Claims processing time averages 4.8 days in Massachusetts, beating the industry standard of 7.2 days. Learn more about its fast claims in our Nationwide insurance review.
• Bundle Savings: The multi-policy program offers Massachusetts residents up to 20% savings, the highest bundling discount in the state.
• Digital Features: The digital platform enables Massachusetts policyholders to modify coverage limits and beneficiaries within 2 hours.

Cons

• Urban Rates: Premium rates in the Boston metropolitan area average 22% higher than suburban Massachusetts locations.
• Rider Options: Only seven rider options are available for Massachusetts term life policies, while top competitors offer 12-15 choices.

#10 – Mutual of Omaha: Best for Senior-Friendly Options

Pros

• Senior Approval: Senior-focused policies approve 91% of Massachusetts applicants ages 65-75 without medical exams.
• Dedicated Team: A dedicated Massachusetts claims team of 45 specialists handles senior claims within 72 hours.
• Age Acceptance: As one of the best life insurance companies that cover people denied by other life insurance companies, its guaranteed acceptance policies are available for Massachusetts residents up to age 85.

Cons

• Young Adult Rates: Under-50 policies in Massachusetts average 25% higher premiums compared to market rates.
• Limited Options: Limited policy options for Massachusetts residents under 40, offering only four-term lengths versus industry standard 6.

Average Life Insurance Rates in Massachusetts

When applying for life insurance in Massachusetts, you probably wonder about costs. We've gathered rates from top insurers to show you what you might pay. These rates are based on a healthy Massachusetts resident buying a $250,000 policy. Remember that your rates may differ based on age, health, and coverage needs.

Insurance Company	Term Policy	Whole Policy
	$28	$69
	$27	$65
	$26	$62
	$32	$74
	$28	$68
	$34	$80
	$31	$73
	$33	$77
	$30	$72
	$29	$71

The rates above show that term life insurance in Massachusetts typically costs between $26 and $34 per month, while whole life runs from $62 to $80 monthly. Lincoln offers the most affordable term policies, starting at $26, while Nationwide's comprehensive coverage comes with higher rates at $34 monthly. Lincoln again leads with $62 monthly premiums for the whole life, while Nationwide's robust policy features set their rates at $80.

Do you want to know what you will pay exactly? The rates serve as a starting point, but ask for custom quotes from several companies to find your lowest price. Age, health, job, or Massachusetts zip code may change your total cost.

Types of Life Insurance Coverage Available in Massachusetts

Here's a breakdown of each company's coverage types when shopping for life insurance in Massachusetts. Understanding these options will help you choose the right policy for your needs.

Insurance Company	Term Life	Whole Life	Universal Life	Final Expense	No-Medical-Exam
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅

MassMutual, Nationwide, and Pacific Life offer all five types of coverage, making them good choices if you want the most options under one provider. Most Massachusetts insurers offer a range of basic coverage types, but there are some key differences to note:

• Term and Core Policies: All ten companies offer term, whole, and universal life insurance, giving you flexibility in choosing coverage length and premium structures.
• Final Expense Coverage: MassMutual, Nationwide, and Pacific Life are life insurance companies that cover funeral expenses. These policies help cover funeral and end-of-life costs. These policies typically offer smaller coverage amounts but are easier to qualify for.
• No-Medical-Exam Options: Each company offers policies without a medical exam, which lets you secure coverage fast. Limits and costs can differ from those of fully underwritten policies.

Keep in mind that the best choice depends on your needs, health, and budget. Obtaining quotes from several providers can help you match coverage to cost.

How to Save on Your Massachusetts Life Insurance

Massachusetts residents can save significantly on their life insurance premiums through various discounts. Here's a detailed breakdown of savings opportunities from leading providers.

Insurance Company	Non-Smoker	Healthy Lifestyle	Bundling	Loyalty	Automatic Payment
	15%	10%	5%	5%	3%
	20%	25%	5%	5%	3%
	12%	10%	5%	5%	3%
	15%	10%	5%	5%	3%
	18%	10%	5%	5%	3%
	17%	10%	5%	5%	3%
	14%	10%	5%	5%	3%
	16%	10%	5%	5%	3%
	15%	10%	5%	5%	3%
	13%	10%	5%	5%	3%

The most significant savings opportunities come from non-smokers and healthy lifestyle discounts. John Hancock leads with a substantial 25% healthy lifestyle discount through their Vitality program and a 20% non-smoker discount, potentially saving policyholders hundreds annually. Other significant savings come from Mutual of Omaha and Nationwide, offering 18% and 17% non-smoker discounts, respectively.

All providers offer consistent savings through bundling (5%), loyalty rewards (5%), and automatic payment setups (3%). Massachusetts residents can combine multiple discounts for maximum savings, though availability varies by life insurance classifications and individual qualifications.

For example, a non-smoking John Hancock customer who maintains a healthy lifestyle and sets up automatic payments could save up to 28% on their premiums.

Choosing Your Massachusetts Life Insurance

MassMutual, State Farm, and Guardian Life rank as the best life insurance in Massachusetts. MassMutual offers a 7.2% cash value growth rate, State Farm provides a market-leading 17% bundling discount, and Guardian Life delivers flexible payment options with six annual adjustments at no cost.

Determining the right benefits for you and your family can often be confusing, even with material from your employer. Take a look at these five tips to help make sense of the available options for you, https://t.co/YQafyR6Gb5. pic.twitter.com/v7ujVGaq8u

— MassMutual (@massmutual) November 15, 2022

Start your search by comparing personalized quotes from multiple providers online. This will give you a clear picture of available rates in your area, from term life coverage starting at $26 monthly with Lincoln to whole life coverage offering strong investment components at $62 monthly.

Looking for lower life insurance rates? Enter your ZIP code into our free quote comparison tool today and find the cheapest providers near you.