Best Life Insurance in Oregon for 2025 (Your Guide to the Top 10 Companies)

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#4
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4.09 ★★★★★
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4.04 ★★★★★
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Metlife, Inc.
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Nationwide
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Allianz
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Best Life Insurance in Oregon: Co-Card

State Farm, Prudential, and New York Life deliver the best life insurance in Oregon. The cheapest term life rates in Oregon start at $33 per month.

Best Life Insurance in Oregon: Featured Image

State Farm offers a 17% bundling discount and superior customer service. Prudential excels in flexibility, offering convertible term policies and optional riders like accelerated death benefits, while New York Life shines in wealth transfer and long-term planning.

Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
State Farm: Best Life Insurance in Oregon #1 17% B Customer Service State Farm
Prudential: Best Life Insurance in Oregon #2 8% A+ Senior Coverage Prudential
New York Life: Best Life Insurance in Oregon #3 12% A++ Long-Term Planning New York Life
NorthWestern Mutual: Best Life Insurance in Oregon #4 9% A++ Dividends, Whole Life Northwestern Mutual
Lincoln: Best Life Insurance in Oregon #5 6% A+ Retirement Planning Lincoln Financial
Banner Life: Best Life Insurance in Oregon #6 4% A+ Affordable Term Banner Life
MassMutual: Best Life Insurance in Oregon #7 7% A++ Permanent Life MassMutual
Pacific Life: Best Life Insurance in Oregon #8 11% A+ Comprehensive Coverage Pacific Life
Mutual of Omaha: Best Life Insurance in Oregon #9 3% A+ Senior Policies Mutual of Omaha
Nationwide: Best Life Insurance in Oregon #10 20% A+ Variety of Options Nationwide

Discover which of the best life insurance companies best suits your requirements. Compare these top providers to local insurance companies near you using our free comparison tool.

What You Should Know

  • The best life insurance companies in Oregon offer tailored options starting at just $33 monthly
  • State Farm leads with a 17% bundling discount and standout customer service
  • Prudential offers flexible term-to-whole conversions and accelerated benefit riders.

#1 – State Farm: Top Overall Pick

State Farm: Best Life Insurance in Oregon

Pros

  • Bundling Benefits: Provides a 17% discount on life insurance in Oregon. To find out more, explore our State Farm review.
  • Client-Focused: Known for dependable and timely life insurance help in Oregon.
  • Budget-Friendly Plans: Term policies start at $33 per month, making for cheap life insurance in Oregon.

Cons

  • Limited Variety of Coverage: Oregon has fewer State Farm life insurance plan alternatives than other states.
  • Modest Financial Rating: A.M. Best gives it a B rating, which is not as high as many life insurance competitors in Oregon.

#2 – Prudential: Best for Financial Strength

Prudential: Best Life Insurance in Oregon

Pros

  • Enhanced Policy Features: Offers optional riders, such as accelerated death benefits, to provide early access to funds for Oregon policyholders facing terminal illnesses.
  • Flexible Term Conversion: Allows term policies to be easily upgraded to whole life insurance in Oregon.
  • Workplace Discounts: Unique savings for business owners who offer Oregon life insurance to employees.

Cons

  • Higher Monthly Rates: Premiums are not as competitive as some life insurance providers in Oregon.
  • Restricted Add-Ons: Fewer policy enhancements are available for life insurance in Oregon. Learn more in our Prudential review.

#3 – New York Life: Best for Long-Term Planning

New York Life: Best Life Insurance in Oregon

Pros

  • Wealth Management Focus: Specializes in estate planning and life insurance in Oregon.
  • Financial Security: Holds an A++ rating, the highest for long-term reliability.
  • Tailored Coverage: Offers highly flexible policy options for varying needs in Oregon. Explore the steps to buy life insurance for someone else.

Cons

  • Expensive Premiums: Costs are higher than other life insurance providers in Oregon.
  • Complex Plans: Extensive policy features may overwhelm first-time buyers.

#4 – Northwestern Mutual: Best for Dividends and Whole Life

Northwestern Mutual: Best Life Insurance in Oregon

Pros

  • Dividend Payments: Regular payouts add value to Oregon whole life insurance policies.
  • Loyalty Benefits: Discounts for long-term policyholders in Oregon. Find out how insurance companies make money from premiums and policyholder behavior.
  • Top-Tier Strength: An A++ financial rating ensures unmatched stability for life insurance beneficiaries in Oregon.

Cons

  • Whole Life Premiums Expensive: Whole life insurance premiums in Oregon are some of the most costly.
  • Limited Term Life Offerings: There are few options for those seeking term life insurance in Oregon.

#5 – Lincoln Financial: Best for Retirement Planning

Lincoln Financial: Best Life Insurance in Oregon

Pros

  • Retirement-Oriented Policies: Find out how modified life insurance adapts to changing financial goals.
  • Incentives for Wellness: Discounts for maintaining healthy habits in Oregon.
  • Financially Strong: Holds an A+ rating for secure life insurance in Oregon.

Cons

  • Narrow Focus: Heavily geared toward retirement, limiting broader policy appeal in Oregon.
  • Fewer Discounts: Limited bundling or loyalty programs compared to other Oregon life insurance companies.

#6 – Banner Life: Best for Affordable Term

Banner Life: Best Life Insurance in Oregon

Pros

  • Cost-Effective: With monthly premiums as low as $33, this term life insurance policy is among the cheapest in Oregon.
  • Rapid Approvals: In Oregon, quicker coverage is guaranteed by the simplified application procedure.
  • Conversion Benefits: Easily converts term insurance into permanent alternatives in Oregon. If you’ve asked yourself, do I need life insurance, find the answer here.

Cons

  • Limited Permanent Options: Mainly concentrated on term life, with limited options for permanent coverage.
  • Few Riders: Compared to other Oregon providers, there aren't many possibilities for improving the policy.

#7 – MassMutual: Best for Permanent Life

MassMutual: Best Life Insurance in Oregon

Pros

  • In-depth Legacy Planning: Provides substantial estate and wealth transfer options in Oregon.
  • Flexible Payment Plans: Oregon permanent life insurance with adjustable premiums.
  • Superb Stability: Trust in Oregon life insurance coverage is guaranteed by an A++ A.M. Best rating. Find out which type of life insurance policy generates immediate cash value for instant financial flexibility.

Cons

  • Strict Underwriting: More stringent approval process for life insurance in Oregon.
  • High Costs: MassMutual permanent life insurance in Oregon has above-average rates.

#8 – Pacific Life: Best for Comprehensive Coverage

Pacific Life: Best Life Insurance in Oregon

Pros

  • Broad Policy Range: Extensive options covering various life insurance in Oregon needs.
  • Estate Tools: Advanced planning options for asset management in Oregon.
  • Discounts by Age: Reduced premiums for younger applicants in Oregon. Find everything you need to know about applying for life insurance and choose the right plan confidently.

Cons

  • Limited Customer Interaction: Service channels are not as user-friendly as competitors in Oregon.
  • High Policy Costs: Premiums increase significantly for broader coverage options.

#9 – Mutual of Omaha: Best for Senior Policies

Mutual of Omaha: Best Life Insurance in Oregon

Pros

  • Simplified Approvals: Easy underwriting process for seniors seeking life insurance in Oregon.
  • No-Lapse Features: Policies guarantee coverage continuity for Oregon residents.
  • Age-Based Savings: Specialized discounts for senior applicants in Oregon. See how a limited-pay life insurance policy provides flexibility for coverage.

Cons

  • Few Options for Younger Buyers: Focused mainly on senior life insurance in Oregon.
  • Costlier Comprehensive Policies: Broader life insurance in Oregon coverage has higher rates.

#10 – Nationwide: Best for Variety of Options

Nationwide: Best Life Insurance in Oregon

Pros

  • Extensive Policy Choices: Offers diverse life insurance in Oregon plans for all ages.
  • Wellness Benefits: Rewards programs for healthy lifestyle habits in Oregon. To learn more, explore our Nationwide insurance review.
  • Multi-Product Discounts: Significant savings for bundling multiple policies in Oregon.

Cons

  • Expensive Premiums: Rates are higher than several competitors in Oregon.
  • Complicated Policy Terms: Policy details may require professional advice to understand.

Comparing Monthly Premiums for Term and Whole Policies in Oregon

For those wondering how much life insurance costs, companies such as State Farm, Prudential, and New York Life provide unique advantages suited to the requirements of policyholders. If affordable term policies are your goal, Banner Life leads with cheap term life insurance rates starting at $33 per month.

Insurance Company Term Policy Whole Policy
Banner Life TablePress Logo $33 $230
Lincoln TablePress Logo $38 $250
MassMutual TablePress Logo $45 $265
Mutual of Omaha TablePress Logo $39 $225
Nationwide TablePress Logo $42 $255
New York Life TablePress Logo $48 $275
NorthWestern Mutual TablePress Logo $53 $310
Pacific Life TablePress Logo $39 $240
Prudential TablePress Logo $43 $210
State Farm TablePress Logo $38 $225

For whole life insurance, Prudential offers a great balance of cost and reliability, with prices beginning at $210 per month and backed by an A+ financial strength rating.

Best Life Insurance in Oregon: Whole Life Insurance Definition Card

State Farm and Mutual of Omaha provide solid value, offering whole policies at $225 per month with flexible features and excellent customer service. With plans starting at $275 per month, New York Life is a leader in asset transfer and estate solutions if you're interested in long-term planning.

Maximizing Savings on Oregon Life Insurance

In Oregon, some of the benefits of buying life insurance are complete protection and the chance for substantial savings via different discounts. Non-smokers can enjoy up to 15% savings across providers like Banner Life, MassMutual, and Pacific Life, while those prioritizing a healthy lifestyle can receive a 12% discount.

Insurance Company Available Discounts
Banner Life: Best Life Insurance in Oregon Healthy Lifestyle, Family Coverage, Accelerated Underwriting, Term Conversion, Preferred Plus Rates
Lincoln: Best Life Insurance in Oregon Multi-Policy, No-Smoker, Employer-Based Discounts, Good Health, Wellness Incentives
MassMutual: Best Life Insurance in Oregon Annual Payment, Loyalty, High-Coverage Amounts, Disability Waiver, Legacy Planning
Mutual of Omaha: Best Life Insurance in Oregon Preferred Health, Age-Based Discounts, No-Lapse Options, Simplified Underwriting, Flexible Premiums
Nationwide: Best Life Insurance in Oregon Wellness, Multi-Product, Early Sign-Up, Family Add-Ons, Healthy Habits
New York Life: Best Life Insurance in Oregon Long-Term, Group Discounts, Bundled Financial Products, Wealth Transfer, Flexible Coverage
NorthWestern Mutual: Best Life Insurance in Oregon Loyalty, Preferred Risk, Large-Policy Discounts, Family Continuity, Annual Payment
Pacific Life: Best Life Insurance in Oregon Preferred Risk, Age-Based Discounts, Healthy Habits, Loyalty Rewards, Estate Planning Options
Prudential: Best Life Insurance in Oregon Workplace Benefits, Financial Planning Packages, Healthy Lifestyle, Multi-Policy, Term Conversion
State Farm: Best Life Insurance in Oregon Good Neighbor, Multi-Line, Safe Policyholder, Loyalty, Accident-Free History

To lower the cost of life insurance in Oregon, keeping good health is essential — discounts are given to those who do not smoke and live healthy lifestyles. Extra savings can be achieved by combining several policies like life and auto insurance from one provider.

Top Providers Offering Flexible and Accessible Coverage

When it comes to life insurance in Oregon, all the top providers have you covered with term and whole-life policies, giving you the essentials for long-term protection and affordability. But the options don't stop there—many companies also offer extra coverage types like universal, variable, or guaranteed issue policies to fit different needs.

For example, MassMutual and New York Life stand out with their wide range of choices, including guaranteed issue and variable life insurance, making them some of the best life insurance for parents who want to secure their family's future while building investment opportunities. If you need something straightforward and accessible, State Farm has excellent, guaranteed issue policies for people who might not qualify for traditional plans.

Insurance Company Universal Indexed Universal Guaranteed Issue Variable AD&D
Banner Life TablePress Logo
Lincoln TablePress Logo
MassMutual TablePress Logo
Mutual of Omaha TablePress Logo
Nationwide TablePress Logo
New York Life TablePress Logo
NorthWestern Mutual TablePress Logo
Pacific Life TablePress Logo
Prudential TablePress Logo
State Farm TablePress Logo

Nationwide and Lincoln excel with variable and indexed universal insurance options for those looking to expand their investments while staying covered. Whether you're looking for basic coverage, investment opportunities, or a mix of both, these companies make it easy to find the right fit—especially if you're a parent seeking the best protection for your family.

Key Factors in Oregon Life Insurance Claims

In Oregon, the quantity and kind of claims impact life insurance classifications. Natural causes account for 40% of all claims, costing an average of $50,000. Accidental deaths are following at 30%, costing roughly $75,000 a piece.

Claim Type Portion of Claims Cost per Claim
Natural Causes 40% $50,000
Accidental Death 30% $75,000
Suicide 15% $100,000
Homicide 10% $60,000
Other 5% $45,000

Suicide claims make up 15% of life insurance payouts in Oregon, averaging $100,000—the highest among all claim types. Homicides account for 10% of claims, with an average compensation of $60,000. This demonstrates the financial effect of violent fatalities. The remaining 5% comes from other reasons, such as undetermined fatalities or unusual medical disorders, with an average claim value of $45,000.

State Farm: Best Life Insurance in Oregon

With around 15,000 life insurance claims filed yearly, these data show why adequate coverage is critical. Knowing how claims are handled will help you select a policy that best secures your family's future.

Top Picks for Life Insurance in Oregon

This ultimate life insurance guide for Oregon highlights the best coverage options to match your needs and budget. State Farm, Prudential, and New York Life provide the best life insurance in Oregon.

Best Life Insurance in Oregon: Block Quote

State Farm is a cost-effective option with a 17% bundling discount. New York Life is a leader in asset transfer with estate planning tools. Prudential stands out with flexible policy options like term-to-whole conversions and accelerated benefit riders, ensuring tailored coverage.

Getting the proper coverage is essential for financial stability because 13% of Oregonians are uninsured, and 15,000 life insurance claims are filed yearly. Residents can obtain the most economical, customized policy by comparing provider quotes and looking into discounts such as 25% for non-smokers.

Enter your ZIP code to find affordable life insurance no matter where you live.

Frequently Asked Questions

What happens if you outlast your Oregon term life insurance?

Coverage ends if you outlive your term policy, but some policies offer renewal or conversion to whole life insurance for continued protection.

Which Oregon life insurance is best, term or permanent?

Term life insurance is best for affordability and short-term needs, while permanent life insurance is ideal for lifelong coverage and cash-value benefits.

What type of life insurance in Oregon is the best to get?

When considering term vs. whole life insurance, it is more economical for short-term needs because it protects for a set period. Protect yourself for the rest of your life with whole life insurance, which pays a benefit and grows in value as you age.

At what age should you stop purchasing term life insurance in Oregon?

Most experts suggest stopping term life insurance purchases around age 65 to 70, as premiums increase significantly and alternative coverage options may be more cost-effective.

What is the highest amount of life insurance in Oregon without a medical exam?

In Oregon, some providers offer policies up to $1 million without a medical exam, depending on age and health qualifications.

Can I have more than one life insurance policy in Oregon?

Indeed, you can have more than one life insurance policy in Oregon, including whole life and term plans, to satisfy different coverage requirements. Many policies also include a non-forfeiture option, allowing you to retain some benefits if you discontinue premium payments.

How expensive is life insurance in Oregon?

Life insurance in Oregon varies in cost, with term policies starting at $33 per month and whole life policies averaging $210 to $310 per month, depending on the provider and coverage.

What not to say when applying for life insurance in Oregon?

Avoid omitting or submitting incorrect information regarding your health, lifestyle, or medical history since this might result in refused claims or policy cancellations.

What life insurance company in Oregon pays the most claims?

State Farm is a top choice for life insurance in Oregon, recognized for its reliable claim payouts and customer service. Learn when your insurance company will pay your claim.

What is the minimum life insurance required in Oregon?

No minimum life insurance is required in Oregon, as life insurance is not mandated by law. However, policies with features like a non-forfeiture option can provide valuable financial security for your beneficiaries.

What is the cash value of a $250,000 life insurance policy in Oregon?

Depending on the provider, policy type, and premium payments, a $250,000 life insurance policy's cash value could fluctuate for years before it grows appreciably.

Do you get your money back if you cancel your life insurance in Oregon?

That depends on your policy and provider. Most term life insurance policies do not refund policyholders unless they buy a return of premium rider. Find out how to cancel insurance with your insurer to save the most money.

How long does it take for whole life insurance in Oregon to build cash value?

Whole life insurance in Oregon typically starts building cash value within 2 to 3 years, depending on the policy and provider. Enter your ZIP code to find the best Oregon life insurance company near you.

Which is better, term or whole life insurance?

Term life insurance is better for short-term, affordable coverage, while whole life insurance is ideal for lifelong protection and cash value growth.

What is the downside of life insurance in Oregon?

The main downside is cost, as whole-life policies are significantly more expensive, and term policies may leave you without coverage after expiration. However, if you want to manage your budget, you can find affordable health insurance alongside life insurance to balance your overall financial needs.

Which life insurance company has the most complaints?

The company with the most complaints varies, but researching customer reviews and complaint indexes for Oregon-specific providers can help guide your choice.

What are the three main types of life insurance in Oregon?

Each of the three most common forms of life insurance — term, whole, and universal — offers a unique combination of protections and payment terms.

Which Oregon life insurance can you borrow from?

You can borrow from whole-life or universal insurance policies with accrued cash value. Policies with an automatic premium loan provision can also use the accumulated cash value to pay missed premiums, ensuring the policy remains active without lapses.

Use our free comparison tool to see how much whole life insurance will save you.

What is the life insurance in Oregon that pays you back?

Return-of-premium life insurance reimburses your paid premiums if you outlive the policy term.

Is life insurance cheaper in Oregon?

Due to state regulations and provider competition, Oregon generally offers lower insurance rates than the national average.

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