Best Life Insurance Companies In Pittsburgh, PA

I would recommend Northwestern Mutual as Pittsburg’s finest life insurance company.

min read
Updated: 23 December 2023
Written by
Bob Phillips
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Picking the right life insurance is vital to secure your loved ones’ future and maintain their lifestyle if you’re no longer around. So, my top choice in Pittsburg is definitely Northwestern Mutual.

Now, their rates might not be the lowest, but their products are very high quality and they are backed by the largest life insurance company in the US.

In this review, we’ll dive into different types of life insurance, such as; whole, term, and guaranteed issue. We’ll also check out the average costs for different categories in Pittsburg, helping you find the perfect policy for your needs. It’s crucial to pick the right company and policy to avoid long-term financial hardships for your loved ones.

I’ve been a career agent and know the ins and outs of these insurers. Though they cater to different groups, they all bring financial stability and excellent customer service to the table.

Best Life Insurance Companies In Pittsburg, PA 2024

Best Life Insurance, Pittsburg 2024

Compare The Best Life Insurance Companies In Pittsburg, Pennsylvania

Ready to dig into the top life insurance companies in Pittsburg? We've got you covered with this nifty table, showing our preferred picks based on some key criteria. Let's dive in!

A.M. Best Rating Best For Overall Rating J.D. Power Rating Online Experience Get A Quote
Penn Mutual

A+

Best Overall Runner-Up

4.8

Not Rated

9.6

Instant Quote
Northwestern Mutual

A++

Best Overall

4.9

794

9.5

Instant Quote
Transamerica

A+

Best For Young Adults

4.5

740

9.4

Instant Quote
MassMutual

A++

Best For Seniors

4.7

780

9.5

Instant Quote
Nationwide

A+

Best For Cheapest Life Insurance

4.8

791

9.6

Instant Quote
USAA

A++

Families

4.6

Not Rated

9.8

Instant Quote
Scroll to see comparisons

Our Methodology

In our approach, we take many things into account, like how customers rate their service, what products they offer, their prices, and how smooth their online experience is. Plus, my own background in selling life insurance and dealing with agents from other companies has influenced my views and given me some precious insights into what they offer and how they work.

52

Quotes Analyzed

15+

Years Of Industry Experience

19

Brands Reviewed

23+

Research Hours

Life Insurance Company Reviews


Best Overall

Overall Rating
4.9

Key Statistics

8/10 Affordability
10/10 Customer Reviews
10/10 Claims
10/10 Coverage Level

Why We Like Them

When it comes to life insurance in the US, Northwestern Mutual takes the crown as the biggest seller. They’ve got both term and permanent policies, and here’s the cool thing – their term insurance can switch to permanent without any medical exam hassles!

In Pittsburg, Northwestern Mutual is the top dog in the life insurance market, holding the largest slice among the big players. But hey, it’s not just about flashy ads; they’re all about educating folks on life insurance and helping them pick the right policy for their needs.

Their agents stick around for the long haul, which means a high policy retention rate and solid financial stability. Talk about security! And get this – in 2023, they’re projected to dish out a whopping $6.8 billion in dividends to their qualifying policyholders. Nice!

Northwestern Mutual earned the top spot for a good reason – they’ve got a wide range of products to choose from. Sure, their premiums might be a tad higher than other top-notch life insurance companies in the US, but here’s the kicker – you can trust them to keep your policy intact for your whole life. That’s peace of mind right there!

Benefits & Drawbacks

Benefits
  • State regulators receive only a low number of complaints
  • They offer a diverse range of products
  • Exceptional ability to pay claims promptly
Drawbacks
  • Rates are higher compared to most competitors
  • Products can only be purchased through company agents
  • No option to get quotes or apply online

Best Overall Runner-Up

Overall Rating
4.8

Key Statistics

9/10 Affordability
10/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

Located just outside Pittsburg in Horsham, Pennsylvania, Penn Mutual stands tall as one of the top ten most popular life insurance companies in the city, with a solid share of the market. They’ve got a rich history as an established life insurer, and boy, do they know how to pay dividends!

Financially, they’re rock-solid, and their ratings speak volumes. Offering high coverage no-exam life insurance and affordable term life policies, Penn Mutual knows how to cater to its customers.

What’s really impressive is their low number of complaints – they’re in the top 15% of all life insurance companies! In 2022, they had just two customer complaints, and in 2021, only ten. Not too shabby, right?

But wait, there’s more! Some of Penn Mutual’s policies can be issued without a medical exam, and they go big – up to $7.5 million in face amounts! Plus, if you qualify, they can get you covered on the same day. Now that’s what I call a great deal for no medical exam life insurance!

Penn Mutual snags the runner-up spot for Best Overall, and it’s no surprise why. This top-notch company hails from The Keystone State, and boy, do they know how to pay dividends! They’ve been doing it for a whopping 174 years, talk about staying power!

Now, just a smidge behind is New York Life, coming in at a close second with an impressive 169 years of life insurance dividend payments. These two are serious contenders in the dividend-paying game!

Benefits & Drawbacks

Benefits
  • They've got both term and permanent policy options.
  • Customer complaints are very few – that's a good sign!
  • They've got a strong history of paying dividends.
Drawbacks
  • The website's info is a bit limited, could use more details.
  • No online quotes available – you'll have to reach out to an agent.
  • Buying the policy requires going through an agent

Best For Seniors

Overall Rating
4.7

Key Statistics

9/10 Affordability
9/10 Customer Reviews
10/10 Claims
9/10 Coverage Level

Why We Like Them

Established way back in 1851, MassMutual has got you covered with a bunch of life insurance options – term, whole, and universal life. But here’s the kicker – their variable universal life insurance lets you play it flexi with premiums and investments!

When it comes to trust, MassMutual is a big name in the game, especially among seniors. Their consistent advertising and rock-solid reputation for financial stability make them a top choice. And speaking of seniors, they often worry about smaller or lesser-known insurance companies not being able to cough up death benefits. But with MassMutual, no need to fret!

Now, let’s talk money. MassMutual’s premiums for policyholders are super competitive, and this is especially true for seniors in the Pittsburg market. They’ve been going all out with great pricing, making them a sweet deal for seniors on the hunt for life insurance.

Hands down, MassMutual takes the crown as the best life insurance company for seniors. Why, you ask? Well, it’s a perfect combo of low rates and top-notch security – just what older adults are after.

Seniors want a life insurer that’s got their back and holds top-notch third-party ratings – and MassMutual ticks all the boxes. They’ve scored an A++ (Superior) rating from AM Best, the highest financial strength rating possible. Plus, in J.D. Power’s 2022 U.S. Individual Life Insurance Study, they shine bright with customer satisfaction scores well above average.

Now, here’s the kicker – life insurance costs for seniors go up as they get older. That’s why MassMutual’s low rates are a real winner for retirees living on fixed incomes. They know how to keep things affordable for the golden years!

Benefits & Drawbacks

Benefits
  • For seniors in Pittsburgh, they offer the lowest rates.
  • Financially, the company is rock-solid – great stability.
  • They're dedicated to serving the senior market, which is a big plus!
Drawbacks
  • You can only buy their policies through MassMutual agents.
  • No guaranteed issue policy for seniors – might be a drawback
  • Unfortunately, there's no option to purchase online.

Best Life Insurance Companies For Seniors In Pittsburg, PA

(Average age 60, average weight of 194, average coverage need of $93,000)

Company Rates for $93,000 Coverage
MassMutual $37
Mutual of Omaha $42
Nationwide $43
State Farm $49
Progressive Life $66

Best For Young Adults

Overall Rating
4.5

Key Statistics

9/10 Affordability
7/10 Customer Reviews
10/10 Claims
8/10 Coverage Level

Why We Like Them

Transamerica stands tall as a major player in Pittsburg’s life insurance scene. They’ve got a whole bunch of independent agents offering their policies – now that’s coverage!

Here’s the deal – Transamerica’s term life insurance is a real winner, especially for young adults. It’s super affordable, making it a smart choice for the younger crowd.

And let’s talk tech – they’ve got a seamless online experience for those who want to buy insurance right from their screens. They know young folks like the convenience of going digital, so they’ve made it a breeze to get a quick quote on their website.

But wait, there’s more! For those who want a bit of personal touch, Transamerica has you covered too. Just hit that “Locate an Agent” button on their site, and voilà – you’ll find a local agent ready to help you pick the perfect policy for your needs.

All in all, Transamerica’s got your back with their focus on affordability and user-friendliness. If you’re on the hunt for life insurance in Pittsburg, they’re a top-notch choice!

Transamerica knows exactly what young folks in Pittsburg and the Northeast are after – affordable life insurance! They’ve got just the thing to protect those young families – low-priced, high face amount term life insurance.

Here’s the cool part – younger people can snag lower rates ’cause they’re seen as less risky by life insurance companies when it comes to paying out death claims. That’s a win for everyone!

Benefits & Drawbacks

Benefits
  • You've got the option to buy term life insurance right online – easy peasy!
  • Need a big policy? No worries – they offer face amounts up to $10 million.
  • If you qualify, you can get up to $2 million coverage without a medical exam.
Drawbacks
  • The minimum term life insurance face amount available is $25,000.
  • Their Final Expense Policy isn't guaranteed issue – keep that in mind.
  • Unfortunately, their J.D. Power customer satisfaction score is a bit low.

Best Life Insurance Companies For Young People In Pittsburg, PA

(Male, average age of 25, average weight of 165, average coverage need of $310,000)

Company Rates for $310,000 Coverage
Transamerica $14
Mutual of Omaha $16
MassMutual $16
AAA $17
Prudential $19

Best For Families

Overall Rating
4.6

Key Statistics

9/10 Affordability
10/10 Customer Reviews
10/10 Claims
8/10 Coverage Level

Why We Like Them

USAA’s known for serving military families, but guess what? They’re making a cool exception with life insurance! Now, any U.S. citizen or permanent resident can get in on the action. No military connection required! All you need is to meet some criteria like age, health, lifestyle, and in some cases, a medical exam.

And when it comes to financial strength, they’re top-notch, with an impressive A+ rating from A.M. Best. So, you can count on them to pay claims without a hitch.

Now, here’s the deal – while USAA’s life insurance is open to all, their other products are exclusive to military families. That might be a bummer for non-military folks who want to keep everything under one roof.

But hey, they’ve got a team called “Survivor Relations” that’s all about helping beneficiaries sort out claims across all their USAA accounts and policies. That’s some solid support right there!

And if you’re in Pittsburg, here’s a bonus – they’ve got a no-medical-exam policy, courtesy of Mutual of Omaha. How convenient is that?

USAA takes the prize for Best for Families, and here’s why – it’s now open to all U.S. families, and they’ve got some sweet affordable rates. Their dedication to helping families cope with loss is something that’s sorely needed in the world of life insurance.

Benefits & Drawbacks

Benefits
  • Non-military citizens and permanent residents can get life insurance – no exclusions!
  • They've got a wide array of life insurance products, from term to whole and universal life.
  • For some term life policies, no exam required – easy peasy!
Drawbacks
  • They might not have as many term life plans compared to competitors.
  • Unfortunately, non-military families can't access their auto and home insurance.
  • Essential Term is only available to folks between 21 to 35 years old – keep that in mind!

Best For Cheapest Life Insurance

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
10/10 Claims
9/10 Coverage Level

Why We Like Them

Got your eyes on affordable life insurance in Pittsburg? Look no further than Nationwide – they’ve got you covered! Known for their rock-bottom rates, they offer some of the best deals in the area.

Here’s what they’ve got on the menu – term and permanent policies galore! Whole life, universal life, and even variable universal life insurance. Plus, if you want it hassle-free, they’ve got a no-exam life insurance plan that’s right up your alley.

When it comes to service, they’re the real deal. Nationwide’s got a squad of skilled agents, both career and independent, ready to give you top-notch pricing and excellent support. And hey, finding a local agent is a breeze – they’ve got neighborhood offices all over Pittsburg!

You know what’s even better? They’ve scored superior financial ratings and super happy customers, making them one of the top dogs in the life insurance game. No wonder Nationwide is a household name all across America!

Nationwide snags the title for Best for Cheap Life Insurance, and boy, do they deserve it! Their premiums are the lowest in Pittsburg, and that’s no small feat.

Now, let’s get one thing straight – cheapest doesn’t always mean best. But guess what? With Nationwide, you’re in for a treat. You won’t be compromising on quality just to save a buck. Oh no! They’ve got the best of both worlds – top-notch service without breaking the bank.

Benefits & Drawbacks

Benefits
  • Nationwide's got a massive team of trained agents, so you'll have plenty of help getting their policies.
  • They offer a whole bunch of life insurance products – you won't be short on options.
  • And here's the cherry on top – they've got the best rates in Pittsburgh!
Drawbacks
  • Keep in mind, for term life, you've gotta be 70 or younger to apply.
  • Unfortunately, there's no option to get online quotes or apply for their permanent products.

Best Cheap Life Insurance Companies In Pittsburg For Females

Company Rates for $250,000 Coverage Rates for $926,000 Coverage (Recommended)
Nationwide $11 $16
Mutual of Omaha $12 $17
MassMutual $10 $17
Transamerica $10 $19
AAA $14 $28

Best Cheap Life Insurance Companies In Pittsburg For Males

Company Rates for $250,000 Coverage Rates for $926,000 Coverage (Recommended)
Nationwide $10 $16
MassMutual $9 $16
Mutual of Omaha $10 $17
Transamerica $13 $27
State Farm $18 $34

How To Find The Best Life Insurance Company For You

When you’re on the hunt for insurance companies, keep in mind that each one’s got something special to offer, tailored to your needs. So, it’s essential to find the best fit for you, based on your circumstances.

Here’s the deal – if you’re 25 and looking for $250,000 of whole life insurance, Transamerica might be just what you need. But hold on, if you’re 65, MassMutual could be the more suitable choice.

Now, let’s talk convenience – if you’re all about buying life insurance online, companies like Haven Life might be right up your alley. No agents needed!

To find the perfect insurance company, ask yourself these five questions:

  1. How’s the company’s financial rating?
  2. Do they offer the type of policy you need?
  3. Do you prefer an agent’s help or going online?
  4. Are their rates competitive for your age group?
  5. Are most online reviews positive?

Remember, your needs are unique, so what works for your friends or neighbors might not be the best fit for you. Find that perfect match, and you’ll be good to go!

Largest Life Insurance Companies In Pittsburg, PA

Pittsburg’s buzzing with life insurance companies – you’ve got loads to choose from! Let’s check out the top five giants in the game, ranked by market share:

Company Market Share
Northwestern Mutual 7.49%
Prudential 6.61%
Metropolitan 6.32%
New York Life 6.31
MassMutual 6.29%

Average Cost Of Life Insurance In Pittsburg, PA

Best Cheap Life Insurance Companies In Pittsburg For Females

Company Rates for $250,000 Coverage Rates for $926,000 Coverage (Recommended)
Nationwide $11 $16
Mutual of Omaha $12 $17
MassMutual $10 $17
Transamerica $10 $19
AAA $14 $28

Best Cheap Life Insurance Companies In Pittsburg For Males

Company Rates for $250,000 Coverage Rates for $926,000 Coverage (Recommended)
Nationwide $10 $16
MassMutual $9 $16
Mutual of Omaha $10 $17
Transamerica $13 $27
State Farm $18 $34

Best Life Insurance Companies For Young People In Pittsburg, PA

(Male, average age of 25, average weight of 158, average coverage need of $280,00,000)

Company Rates for $280,000 Coverage
Mutual of Omaha $17
MassMutual $18
AAA $21
Prudential $21
State Farm $21

Best Life Insurance Companies For Seniors In Pittsburg, PA

(Average age 60, average weight of 186, average coverage need of $85,000)

Company Rates for $85,000 Coverage
MassMutual $42
Mutual of Omaha $48
Nationwide $49
AAA $50
State Farm $51

Factors That Impact The Cost Of Life Insurance In Pittsburg

Ah, life insurance costs in Pittsburg – they’re affected by various factors. Check these out:

The insurance company: Different companies, different rates, simple as that.

Gender: Sorry, guys, but men usually pay more ’cause they tend to have shorter life expectancies. And hey, if you’ve got pre-existing medical conditions, your rates might climb too.

Smoker or Nonsmoker: If you light up, expect to pay more ’cause smokers tend to have shorter lifespans.

Credit Score: Yep, they use your credit score to calculate your rate – something to keep in mind.

Riders: Adding extra stuff like a disability waiver of premium or a child rider can up the cost of your policy.

Pennsylvania Life Insurance Laws To Know

Life insurance in Pennsylvania comes with some nifty regulations to protect you – here’s the lowdown:

Contestable Period: For the first two years after your policy starts, if the insurance company finds any fishy business like wrong or false info on your application, they can reject any claims.

Free Look Period: When you get your policy, you’ve got ten days to take a peek and decide if it’s what you want. If not, return it, and you’ll get a full refund on any premiums paid.

Surrender Penalties: If you’re buying an insurance product, the seller’s gotta be crystal clear about any charges or fees you’ll face if you wanna cash out early.

In The News

As reported by WHTM News in Pennsylvania on September 29, 2022, state officials are really driving home the importance of life insurance.

You know, when a family member passes away, it can be tough – both mentally and emotionally. But guess what? Life insurance steps in to save the day. It brings some much-needed financial stability during those challenging times.

And Johnathan Greer, the President and CEO of the Insurance Federation of Pennsylvania, speaks from personal experience, highlighting how life insurance can be a true lifeline when you need it most.

Information About Pittsburg

Pittsburgh – the Steel City! This vibrant metropolis in the northeastern United States boasts a rich industrial history, once known for its massive steel production. It played a crucial role in shaping the nation’s development during the Industrial Revolution.

Today, Pittsburgh is renowned for its unique landmarks and attractions. From the iconic yellow bridges spanning the rivers to the historic inclines offering stunning views of the city, there’s no shortage of sights to see. The famous “Steelers Nation” shows off their pride for the Pittsburgh Steelers football team, and the Pittsburgh Pirates baseball team is another local favorite.

The city’s cultural scene is flourishing, with world-class museums like the Carnegie Museum of Art and the Andy Warhol Museum, celebrating the city’s artistic heritage. As an educational hub, Pittsburgh is home to prestigious institutions like the University of Pittsburgh and Carnegie Mellon University.

Pittsburgh’s neighborhoods each have their own distinct personality. The lively Strip District is a foodie’s paradise, while Shadyside offers a mix of chic boutiques and cozy cafes. The historic area of the South Side features a vibrant nightlife scene, and the serene beauty of Highland Park is a haven for nature lovers.

All in all, Pittsburgh offers a dynamic blend of history, culture, sports passion, and modern charm, making it a city worth exploring.

FAQs

Is life insurance more expensive in Pittsburg?

When it comes to life insurance in Pittsburg, the costs are pretty much in line with other places. So, what sets the price? Well, it all boils down to some key factors like your age, health history, height, weight, and whether you smoke or not.

How much per month is a million dollar life insurance policy in Pittsburg?

In Pittsburg, getting a million dollar life insurance policy can cost you around $18 a month. Now, keep in mind, the price might vary depending on whether you’re a guy or a gal.

What is the average monthly cost of life insurance in Pittsburg?

On average, in Pittsburg, you’re looking at about $16 a month for a 10-year term life policy. That’s a pretty good deal to secure your loved ones’ future!

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