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

The best life insurance in Maine are State Farm, Geico, and Allstate, offering top-notch coverage with rates starting as low as $40/month.

State Farm stands out for its flexible term policies, while Geico provides affordable universal options and Allstate excels in customizable coverage. With competitive premiums, diverse policy choices, and attractive discounts, you can save even more with discounts from life insurance companies for being healthy.

Company	Rank	Multi-Vehicle Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	17%	B	Term Options	State Farm
	#2	25%	A++	Universal Options	Geico
	#3	25%	A+	Custom Policies	Allstate
	#4	4%	A+	Affordable Coverage	Mutual of Omaha
	#5	11%	A++	Disability Integration	Guardian Life
	#6	20%	A+	Competitive Rates	Nationwide
	#7	6%	A++	Dividend Payouts	MassMutual
	#8	10%	A+	Bundling Discounts	Prudential
	#9	10%	A+	Flexible Terms	Progressive
	#10	10%	A+	Wellness Incentives	John Hancock

Compare quotes now to find the perfect plan that fits your budget and lifestyle. You can get free quotes for life insurance and secure financial protection for your loved ones by entering your ZIP code into our tool.

What You Should Know

• Find the best life insurance in Maine with rates starting at just $40/month
• State Farm offers flexible term policies, making it the top pick for affordability
• Get coverage tailored to your needs with top providers like Geico and Allstate

#1 – State Farm: Top Overall Pick

Pros

• Flexible Term Policies: State Farm offers simple and flexible term life insurance options for Maine residents.
• Affordable Rates: Term policies start at $50/month, making it a budget-friendly option for families in Maine.
• Bundling Discounts: Based on our State Farm review, you can save more in Maine by bundling life insurance with auto or home insurance.

Cons

• Lower Financial Rating: With a B rating, State Farm’s financial stability is slightly below some competitors in Maine.
• Limited Discounts: State Farm offers fewer discount programs in Maine compared to other companies.

#2 – Geico: Best for Universal Options

Pros

• Great Universal Options: Geico provides a variety of universal life insurance plans for Maine residents.
• Low Monthly Rates: Term policies in Maine start at just $40/month, making it one of the most affordable choices.
• Big Discounts: Geico offers up to 25% off through programs for healthy living and non-smokers in Maine (Read more: Best Life Insurance Companies).

Cons

• Few Local Offices: Geico doesn’t have as many physical locations in Maine as some other providers.
• Limited Whole Life Options: Geico’s whole life insurance choices might not suit everyone in Maine.

#3 – Allstate: Best for Custom Policies

Pros

• Customizable Policies: As mentioned in our Allstate review, it offers life insurance policies that can be tailored to meet specific needs in Maine.
• Affordable Rates: Term policies start at $48/month, making it an affordable option for Maine families.
• Bundling Savings: Maine residents can save up to 25% by bundling life insurance with home or auto insurance.

Cons

• Expensive Whole Life Policies: Whole life policies in Maine start at $250/month, which is higher than many competitors.
• Complicated Options: The wide range of choices may be confusing for some customers in Maine.

#4 – Mutual of Omaha: Best for Affordable Coverage

Pros

• Budget-Friendly Rates: Term life policies start at $47/month, offering an affordable option for Maine residents.
• Healthy Lifestyle Discounts: Non-smokers and healthy individuals in Maine can get extra savings.
• Easy Application Process: Simple options are available for those looking to get covered quickly in Maine. Find life insurance policies that generate immediate cash value.

Cons

• Small Bundling Discounts: Maine customers may find bundling only saves about 4%.
• Limited Online Features: Managing your policy online isn’t as convenient as with other companies in Maine.

#5 – Guardian Life: Best for Disability Integration

Pros

• Disability Coverage Options: Guardian Life makes it easy to combine life insurance with disability coverage in Maine. It also specializes in higher risk life insurance.
• Strong Financial Ratings: The company’s A++ rating ensures stability and reliability for Maine customers.
• Wellness Discounts: Maine residents can save through rewards programs for healthy lifestyles.

Cons

• Higher Monthly Rates: Term policies start at $60/month, which is higher than some competitors in Maine.
• Fewer Discount Programs: Guardian Life offers fewer discounts compared to other Maine providers.

#6 – Nationwide: Best for Competitive Rates

Pros

• Affordable Rates: Term life policies start at $53/month, offering great value for Maine residents.
• Multiple Discounts: Maine customers can save with bundling, healthy lifestyle, and early application discounts.
• Wide Coverage Options: As per Nationwide review, it offers a variety of policies to suit different needs in Maine.

Cons

• Limited Local Agents: Some Maine customers may prefer more in-person support.
• Higher Whole Policy Costs: Whole life insurance rates start at $265/month, which is higher than some competitors.

#7 – MassMutual: Best for Dividend Payouts

Pros

• Dividend Payments: MassMutual policyholders in Maine can benefit from regular dividend payouts.
• Competitive Term Rates: Term policies start at $65/month, offering a balance of value and coverage.
• Bundling Discounts: Maine customers can save by combining life insurance with other policies. Learn about modified life insurance.

Cons

• High Premiums: Whole life policies in Maine start at $300/month, which may not suit budget-conscious buyers.
• Complex Policies: Some Maine customers might find the dividend structure confusing.

#8 – Prudential: Best for Bundling Discounts

Pros

• Bundling Savings: Based on our Prudential review, it offers discounts for Maine residents who combine life insurance with other policies.
• Affordable Term Policies: Term life insurance starts at $55/month, making it a mid-range option in Maine.
• Health-Focused Discounts: Maine customers can save with wellness and non-smoker rewards programs.

Cons

• Longer Application Process: Some Maine customers report delays in policy approval.
• Limited Whole Life Options: Whole policies may not offer as many flexible features for Maine buyers.

#9 – Progressive: Best for Flexible Terms

Pros

• Customizable Policies: In Our Progressive review, it offers flexible term life insurance options for Maine residents.
• Affordable Rates: Term policies in Maine start at $46/month, making it a budget-friendly choice.
• Healthy Living Discounts: Maine customers can save with programs that reward healthy habits.

Cons

• Limited Coverage Choices: Whole life policy options are not as extensive in Maine.
• Few Local Agents: Progressive’s physical presence in Maine is smaller compared to competitors.

#10 – John Hancock: Best for Wellness Incentives

Pros

• Wellness Rewards: Maine customers can save through the Vitality Program, which offers incentives for healthy living.
• Affordable Term Rates: Term policies start at $54/month, providing good value for Maine residents.
• Non-Smoker Discounts: Additional savings are available for non-smokers in Maine making it's one of the best life insurance companies that offer discounts for being healthy.

Cons

• Higher Whole Policy Costs: Whole life policies in Maine start at $270/month, which might be expensive for some.
• Complex Discounts: Some Maine customers may find the wellness rewards system difficult to navigate.

The Best Life Insurance Rates in Maine

Maine residents can find competitive life insurance rates. The table below compares the monthly premiums for term and whole life insurance policies from the top providers in Maine.

Insurance Company	Term Policy	Whole Policy
	$48	$250
	$40	$220
	$60	$280
	$54	$270
	$65	$300
	$47	$240
	$53	$265
	$46	$230
	$55	$275
	$50	$260

Term life policies generally offer lower rates, starting at $40 per month with Geico, while whole life insurance premiums are higher, ranging from $220 to $300 per month. Reviewing these rates can help Maine residents find the best coverage based on their budget and financial goals.

By comparing these rates, you can determine which provider offers the best balance of affordability and coverage in Maine.

Comparing Comprehensive Life Insurance Coverage in Maine

Choosing the right life insurance policy in Maine requires evaluating coverage options, premium costs, and the availability of different policy types.

Term life insurance offers temporary coverage at lower premiums, making it a cost-effective choice for many Maine residents. The table below compares monthly rates for different term life coverage amounts.

Insurance Company	$100K	$250K	$500K	$1M
	$22	$50	$90	$160
	$25	$55	$100	$175
	$30	$65	$120	$210
	$27	$60	$110	$200
	$26	$58	$105	$180
	$23	$52	$95	$170
	$28	$60	$110	$190
	$30	$68	$120	$210
	$32	$70	$125	$220
	$20	$45	$85	$150

Whole life insurance provides lifelong coverage with a guaranteed payout and cash value accumulation. These policies have higher premiums but offer permanent financial protection.

Insurance Company	$50K	$100K	$250K	$500K
	$130	$240	$570	$1,050
	$140	$250	$580	$1,100
	$135	$250	$600	$1,150
	$145	$270	$630	$1,180
	$140	$260	$620	$1,150
	$125	$220	$540	$1,020
	$145	$265	$630	$1,200
	$160	$290	$680	$1,300
	$150	$275	$650	$1,250
	$120	$210	$490	$880

Not all life insurance companies offer the same types of coverage. The table below shows which insurers provide term, whole, universal, final expense, and guaranteed issue life insurance policies.

Insurance Company	Term Life	Whole Life	Universal Life	Final Expense	Guaranteed Issue
	✅	✅	✅	✅	❌
	✅	❌	❌	❌	❌
	✅	✅	✅	❌	❌
	✅	✅	✅	❌	❌
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	❌
	✅	❌	❌	❌	❌
	✅	✅	✅	❌	❌
	✅	✅	✅	✅	❌

By comparing term and whole life rates along with coverage availability, Maine residents can make informed decisions about their life insurance policies. Whether you're looking for affordable term coverage or permanent whole life protection, these top providers offer a variety of options to meet your financial goals.

Read more: How much does life insurance cost?

How to Maximize Savings With Maine Life Insurance Discounts

Saving on life insurance in Maine is possible by taking advantage of discounts offered by top providers. Many insurers provide bundling discounts when combining life insurance with auto or home coverage, which can lead to savings of up to 25%. Healthy lifestyle discounts are also available for non-smokers and individuals who maintain good health through wellness programs.

Claim Type	Portion of Claims	Cost per Claim
Death Benefits	40%	$50000
Disability Benefits	25%	$30000
Critical Illness Claims	15%	$20000
Accidental Death Claims	12%	$45000
Terminal Illness Claims	8%	$25000

Some companies, such as John Hancock and Mutual of Omaha, offer additional savings for employer-sponsored group plans and auto-pay enrollment.

By exploring these discount opportunities, policyholders can significantly reduce their monthly premiums while securing the coverage they need.

City	Accidents per Year	Claims per Year
Augusta	200	150
Bangor	300	220
Lewiston	250	180
Portland	500	350
South Portland	150	100

The table below highlights the various discounts available from leading life insurance providers in Maine. Bundling offers the highest potential savings, with Allstate and Geico providing up to 25% off. Healthy lifestyle and employer-based discounts can also contribute to lower costs.

Insurance Company	Bundling	Healthy Lifestyle	Group/Employer	Auto-Pay
	25%	6%	5%	3%
	25%	4%	5%	3%
	15%	10%	5%	4%
	20%	12%	7%	5%
	18%	8%	6%	4%
	22%	9%	6%	5%
	20%	7%	6%	4%
	10%	3%	4%	2%
	10%	6%	5%	3%
	17%	7%	5%	4%

Understanding these discount structures can help Maine residents maximize their insurance savings and the benefits of buying life insurance, while ensuring comprehensive financial protection .

By leveraging these discounts, Maine policyholders can enjoy significant cost savings while maintaining the life insurance protection they need for their families.

Getting a Personalized Life Insurance Quotes in Maine

Finding the best life insurance in Maine starts with comparing life insurance quotes from online marketplaces for insurance ensures you get the most affordable and comprehensive coverage. Whether you need budget-friendly term life insurance or a whole life policy with long-term financial benefits, exploring your options can help you maximize savings and secure the best protection for your family.

With discounts available for bundling, healthy lifestyles, and employer-based plans, there are multiple ways to lower your premiums while maintaining quality coverage.

Get started today by requesting personalized Maine life insurance quotes and find the perfect plan that fits your budget and financial goals. If you want to explore your life insurance options, enter your ZIP code in our free tool to get started.