Best Life Insurance in Ohio for 2024 (Top 10 Companies Ranked)
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | 10% | A++ | Affordable Rates | AARP |
 |
#2 | 15% | A++ | Wide Coverage | New York Life |
 |
#3 | 10% | A+ | Customizable Plans | Prudential |
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#4 | 12% | A++ | Excellent Service | Guardian Life |
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#5 | 10% | A+ | Flexible Options | Lincoln Financial |
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#6 | 12% | A++ | Policy Variety | MassMutual |
 |
#7 | 9% | A | Competitive Pricing | Transamerica |
 |
#8 | 14% | A+ | Wellness Benefits | John Hancock |
 |
#9 | 12% | A | Comprehensive Plans | AIG |
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#10 | 10% | A++ | High Ratings | Northwestern Mutual |
#1 – AARP: Best for Affordable Rates
Pros
- Cost-Effective Coverage: Life insurance rates in Ohio with AARP start at $19 monthly for term policies, the lowest among competitors.
- Multiple Savings Options: Ohio residents can combine multi-policy and healthy lifestyle discounts for 10% savings.
- Accessible Protection: AARP's life insurance in Ohio offers a straightforward enrollment process for seniors.
Cons
- Age Restrictions: Ohio life insurance coverage through AARP is exclusively available for older adults.
- Limited Flexibility: Life insurance policyholders in Ohio have fewer customization options compared to other insurers' offerings.
#2 – New York Life: Best for Wide Coverage
Pros
- Extensive Protection: Ohio residents receive comprehensive life insurance coverage with $150 monthly whole policies.
- Substantial Discounts: The company offers Ohio customers a 15% bundling discount, the highest among all life insurance providers.
- Policy Longevity: Long-term life insurance policies in Ohio include special loyalty rewards.
Cons
- Premium Costs: With New York Life, Ohio life insurance rates start higher at $30 for term policies.
- Complex Structure: Ohio residents face more intricate life insurance policy terms than other insurance options.
#3 – Prudential: Best for Customizable Plans
Pros
- Tailored Solutions: With Prudential, Ohio life insurance plans offer personalized coverage based on individual needs.
- Competitive Rates: Term life insurance in Ohio starts at $22, among the lowest rates.
- Value Options: Ohio policyholders receive premium life insurance discounts for larger coverage amounts chosen.
Cons
- Limited Bundling: Ohio life insurance bundling discount caps at 10%, lower than competitors.
- Qualification Criteria: Ohio residents face strict health requirements for the best life insurance rates.
#4 – Guardian Life: Best for Excellent Service
Pros
- Superior Support: Ohio life insurance clients receive dedicated customer service representatives 24/7.
- Strong Benefits: Guardian life offers Ohio residents comprehensive life insurance coverage with A++ rated security.
- Discount Variety: Multiple life insurance discount options are available for Ohio policyholders, including long-term.
Cons
- Higher Premiums: Ohio life insurance whole policies cost $130 monthly, highest among competitors.
- Entry Requirements: The company has a strict qualification process for Ohio life insurance policy approval.
#5 – Lincoln Financial: Best for Flexible Options
Pros
- Adaptable Plans: Lincoln Financial life insurance policies offer adjustable terms throughout the coverage period for Ohio residents.
- Moderate Pricing: Whole life insurance in Ohio costs $160 monthly, mid-range among options.
- Combined Savings: Ohio residents can stack multiple life insurance discounts for maximum benefits.
Cons
- Coverage Limits: Some life insurance policy options in Ohio have stricter maximum coverage caps.
- Documentation Needs: More paperwork is required for Ohio life insurance policy modifications than others.
#6 – MassMutual: Best for Policy Variety
Pros
- Varied Selection: Ohio residents choose from diverse life insurance options starting at $29 for term.
- Premium Benefits: Life insurance in Ohio includes large coverage discounts with 12% bundling savings.
- Quality Assurance: Massmutual provides Ohio customers A++ rated life insurance coverage with policy guarantees.
Cons
- Cost Factor: Life insurance whole policies in Ohio are priced at $148, among higher-end options.
- Approval Time: Ohio residents experience longer life insurance application processing than competitors.
#7 – Transamerica: Best for Competitive Pricing
Pros
- Affordable Options: With Transamerica, life insurance in Ohio offers term policies starting at just $20 monthly.
- Cost Efficiency: Whole life insurance rates in Ohio are set at $120, which is the second-lowest available.
- Long-term Value: Ohio policyholders receive special discounts for extended life insurance commitments.
Cons
- Limited Bundling: Ohio life insurance bundling savings are capped at 9%, the lowest among providers.
- Basic Features: Fewer premium life insurance features are available to Ohio customers than competitors.
#8 – John Hancock: Best for Wellness Benefits
Pros
- Health Rewards: John Hancock's life insurance policies in Ohio offer unique wellness program benefits.
- Savings Potential: The company provides Ohio residents a 14% bundling discount on life insurance policies.
- Coverage Value: Life insurance in Ohio includes premium discounts for larger coverage amounts.
Cons
- Premium Rates: Ohio term life insurance starts at $28, higher than the market average.
- Program Requirements: Ohio policyholders must maintain wellness standards for the best life insurance rates.
#9 – AIG: Best for Comprehensive Plans
Pros
- Complete Protection: Ohio residents receive extensive life insurance coverage options with flexibility.
- Reasonable Rates: Life insurance in Ohio whole policies are priced competitively at $110 monthly.
- Multiple Discounts: Customers in Ohio can combine different discounts on life insurance to save more money.
Cons
- Rating Factor: A-rated life insurance coverage in Ohio is lower than that of top-rated competitors.
- Service Access: With AIG, Ohio policyholders have fewer local life insurance service centers than others.
#10 – Northwestern Mutual: Best for High Ratings
Pros
- Superior Rating: The company provides Ohio residents A++ rated life insurance coverage and backed by robust guarantees.
- Balanced Pricing: Life insurance in Ohio provides competitive rates at $158 for whole policies.
- Coverage Options: Ohio policyholders receive premium discounts for larger life insurance amounts.
Cons
- Strict Requirements: Ohio life insurance policies have more stringent qualification standards.
- Limited Flexibility: Less customization is available for Ohio life insurance policies than competitors.
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
|
$19 | $100 |
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$16 | $110 |
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$25 | $130 |
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$28 | $140 |
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$35 | $160 |
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$29 | $148 |
|
$30 | $150 |
|
$32 | $158 |
|
$22 | $120 |
|
$20 | $120 |
Discounts
| Insurance Company | Available Discounts |
|---|---|
|
Multi-Policy, Annual Payment, Healthy Lifestyle, Non-Smoker |
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Multi-Policy, Non-Smoker, Healthy Lifestyle, Annual Payment |
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Non-Smoker, Healthy Lifestyle, Multi-Policy, Long-Term Policy |
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Healthy Lifestyle, Non-Smoker, Premium Discounts For Large Coverage, Multi-Policy |
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Multi-Policy, Non-Smoker, Annual Payment, Healthy Lifestyle |
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Multi-Policy, Non-Smoker, Healthy Lifestyle, Premium Discounts For Large Coverage |
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Multi-Policy, Non-Smoker, Healthy Lifestyle, Long-Term Policy |
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Non-Smoker, Healthy Lifestyle, Multi-Policy, Premium Discounts For Large Coverage |
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Multi-Policy, Non-Smoker, Healthy Lifestyle, Premium Discounts For Larger Coverage |
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Multi-Policy, Non-Smoker, Healthy Lifestyle, Long-Term Policy |