Best Life Insurance In Riverside, CA

MassMutual wins the award for the best life insurance company in Riverside. However, read on to see if another insurer has a policy better suited to your requirements.

min read
Updated: 12 January 2024
Written by
Bob Phillips
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As a resident of sunny Riverside, California, you’ve likely been bombarded with countless marketing materials, emails, and TV/streaming ads for life insurance. Sorting through the sea of options can be a daunting task, especially when every company claims to be the best. However, determining the top life insurance company for your specific needs is crucial and can depend on various factors such as age, health condition, and personal preferences.

In this article, we’ll dive deep into the top life insurance companies in Riverside, analyzing their niches, policy types, benefits, drawbacks, and customer feedback. Furthermore, we’ll provide insight into the average cost of life insurance in Riverside, giving you a well-rounded understanding of what to expect.

If you’re reading this article, it’s likely that you recognize the significance of securing your family’s financial stability, in case of an unforeseen event. Moreover, you might be keen on accumulating cash value to achieve your future financial goals, such as supplementing your retirement savings, funding your child or grandchild’s education, or leaving behind a lasting legacy.

With 15 years of experience selling life insurance and extensive research, we are confident that you’ll find the best life insurance options available in Riverside.

Best Life Insurance Companies In Riverside, CA 2024

Best For Buying Online - Haven Life
Best For Younger People - Transamerica
Best For Seniors - Mutual of Omaha
Best Runner-Up - Nationwide
Best Life Insurance, Riverside 2024

Comparison Of The Best Life Insurance Companies In Riverside, CA

When it comes to acquiring life insurance, engaging in comparison shopping is a must. However, one of the most prevalent errors people make is failing to compare the various companies they're considering against each other.

Based on my experience collaborating with various insurance providers, insights from individuals representing different companies, and extensive personal research, I have developed a comprehensive comparison chart to assist you in selecting an insurance company that is tailored to your unique requirements. Utilize this chart to initiate your search for the ideal life insurance provider in Riverside.

Online Experience Rating Customer Satisfaction Ratings A.M. Best Rating Best For Overall Rating Get A Quote
Haven Life




Online Experience

Instant Quote
Mutual of Omaha





Instant Quote





Instant Quote
State Farm




Customer Service

Instant Quote




Cheapest Term Insurance

Instant Quote




Best Overall

Instant Quote
Scroll to see comparisons

Our Methodology

To determine the ratings mentioned above, we analyzed several factors, including years of service, policy options, financial security, customer feedback, and website transparency. Additionally, we factored in my personal encounters with these providers, with the exception of Haven Life. By taking these diverse aspects into consideration, we've created an extensive list of the top life insurance companies in Riverside.


Quotes Analyzed


Years Of Industry Experience


Brands Reviewed


Research Hours

Reviews Of The Best Life Insurance Companies In Riverside

Best Overall

Overall Rating

Key Statistics

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

Why We Like Them

Riverside residents can benefit from MassMutual’s extensive range of life insurance products, as it’s a well-established life insurance company in the United States with a history dating back to 1851. MassMutual offers a range of life insurance products from temporary term life insurance to permanent variable life insurance, that includes investment-driven cash value accumulation.

As a mutual company, MassMutual is partially owned by policyholders, and it pays out dividends on some of its permanent life insurance policies, similar to other century-old life insurance companies. MassMutual has a solid reputation backed by the highest possible financial ratings, which demonstrates its superior ability to pay out claims. In the 2022 U.S. Individual Life Insurance Study by J.D. Power, MassMutual ranked 9th overall for customer satisfaction.

MassMutual’s life insurance policies are sold through a career agent sales force, with agents as company employees. This ensures that agents receive comprehensive product training, which benefits policyholders and prospective clients in Riverside. The company is known for offering high coverage limits with its life insurance policies, making it advantageous for high-net-worth individuals and business clients in Riverside. Term policies start at $100,000 and can go up to $10 million.

While MassMutual’s premiums may not be the lowest, they are competitive compared to other companies with career agents such as New York Life and Northwestern Mutual Life. The high overhead associated with maintaining a career agent sales force may cause MassMutual’s premiums to be more expensive than those of other insurers that sell policies through independent life insurance agents.

The company has been in business for over 170 years and has a reputation for offering a wide variety of life insurance policies, from term life to permanent life insurance with cash value accumulation. Additionally, MassMutual provides fixed and variable annuities that can guarantee a lifetime income stream with a single deposit. With MassMutual, Riverside residents can rest assured that their loved ones will be financially protected in the event of their passing, while also having access to retirement income options.

Benefits & Drawbacks

  • Wide range of policy options, both term and permanent
  • Comprehensive policy details available online for easy comprehension
  • Hassle-free online claims filing process
  • Haven Life's online platform only offers term policies.
  • Inability to apply for permanent policies through their online platform

Runner-Up For Best Overall

Overall Rating

Key Statistics

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

Why We Like Them

Established in 1925, Nationwide is a renowned financial services company with a global presence, headquartered in Columbus, Ohio. The company offers an extensive range of insurance products, including life insurance and annuities, to cater to the diverse needs and budgets of customers in Riverside.

Nationwide is known for providing a variety of life insurance policies, including term life, whole life, and universal life insurance, ensuring that customers have plenty of options to choose from. The company’s life insurance policies are sold through its agent sales force and approved financial professionals, who undergo a rigorous vetting process.

For seniors in Riverside, Nationwide is a popular choice, thanks to its larger face amounts and annuities for businesses. The company’s website has a user-friendly interface, with detailed product descriptions, making it easy for customers to make informed decisions. Besides life insurance, Nationwide also offers other insurance products, such as long-term care and pet insurance.

One unique feature of Nationwide’s life insurance policies is the bundle discount, which customers can avail of by combining their life insurance policies with auto and homeowners insurance policies. This bundling simplifies premium payments and provides comprehensive protection for families and properties with one company, making Nationwide an attractive choice for customers in Riverside looking for convenience and value.

When it comes to estate planning in Riverside, Nationwide may not be the first company that comes to mind. While Nationwide does offer life insurance policies, their primary focus is on selling property and casualty insurance through their agent sales force. If you’re looking for a standalone life insurance policy with a high coverage limit, you may want to consider other providers in Riverside.

However, if you’re interested in bundling your life insurance with other policies, Nationwide could be a strong option. Unlike other insurers, Nationwide includes life insurance in their bundle discounts, making it an attractive choice for those seeking comprehensive coverage at a lower cost

Benefits & Drawbacks

  • Provides policyholders with the ability to customize their coverage with riders
  • Offers competitive premium rates
  • Offers a variety of life insurance options, such as term, whole, and universal life policies
  • Term insurance is only available to individuals who are 70 or younger
  • No online quote or application process is available for permanent policies.

Best For Seniors

Overall Rating

Key Statistics

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

Why We Like Them

Mutual of Omaha has been a trusted name in the insurance industry for decades, particularly among seniors in Riverside. The company is known for providing quality life insurance products tailored to the unique needs of Baby Boomers and their parents. Having worked as an agent, trainer, and manager at the company, I can vouch for their unwavering commitment to delivering exceptional service to policyholders.

While Mutual of Omaha’s subsidiary, United of Omaha, offers life insurance to people of all ages, their specialization in serving seniors is what truly sets them apart. In addition to their popular Medicare Supplement policies, they have established travel insurance kiosks at Riverside airports, making it easier for seniors to obtain coverage for their trips.

Mutual of Omaha offers a range of life insurance options, including term, whole, and universal life insurance. Although their permanent insurance rates may be higher than those of other insurers, they remain competitive. However, it’s their expertise in the senior life insurance market that makes them stand out in Riverside.

Their “Final Expense Insurance” policy, marketed to individuals between the ages of 45 and 80, is particularly noteworthy as it doesn’t require a medical exam but asks for information about medical history. While this policy isn’t guaranteed to be issued, it’s a valuable option for seniors seeking affordable coverage.

If you’re a senior in Riverside seeking a life insurance policy with a simple application process and smaller face amounts, Mutual of Omaha Senior Life has got you covered. With face amounts that range from $5,000 to $25,000 and flexible underwriting requirements, the company’s “Final Expense Insurance” policy is an excellent option for those seeking coverage.

Mutual of Omaha Senior Life prides itself on providing excellent customer service, and it ranked third in J.D. Power’s 2022 Life Insurance Survey, which further demonstrates the company’s commitment to meeting the needs of its customers.

Benefits & Drawbacks

  • Strong financial position and dependable
  • Specializes in serving the needs of seniors
  • Known for delivering excellent customer service
  • Does not offer a guaranteed issue policy.
  • Term life insurance rates are relatively high compared to other providers

Best Cheap Life Insurance

Overall Rating

Key Statistics

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

Why We Like Them

This company is renowned for its competitive premiums, which make life insurance policies accessible to individuals of all ages, including young adults who might not have considered life insurance before. Unlike other providers, Transamerica solely relies on independent life insurance agents or brokers to sell its policies, ensuring that the company provides high-quality service while keeping premiums low.

One of Transamerica’s most popular offerings is the Trendsetter Super Policy, which provides up to $10 million in term life protection. What’s more, if your policy’s face amount is $2 million or less and you are in excellent health, you may not need to undergo a medical exam to purchase this policy. This feature can save you time and hassle while still ensuring you get the coverage you need.

The Trendsetter Super Policy is also a convertible term life insurance policy, which means that you have the flexibility to convert your coverage to a permanent life insurance policy during the conversion period specified in the policy. This feature can help you start with a large face amount and low premium and then convert it to a whole or universal life insurance policy with a higher premium when your income increases.

If you’re a foreign national working in the United States, Transamerica also offers life insurance coverage tailored to your needs. To be eligible for this coverage, you must have a global net worth of at least $1 million and citizenship from one of the 47 qualifying countries. With this specialized coverage, you can ensure that your loved ones are taken care of no matter what life throws your way.

If you’re seeking cost-effective life insurance solutions in Riverside, look no further than Transamerica. With its outstanding track record of offering competitive premiums and customer-centric policies, Transamerica makes acquiring life insurance a smooth and stress-free experience. Having served as a former Transamerica agent, I can confidently vouch for the company’s unwavering dedication to delivering a seamless and trouble-free experience to its clientele.

Benefits & Drawbacks

  • Offers the most affordable rates for term life insurance.
  • Accessible through independent agents.
  • Has a strong claims-paying ability.
  • Independent agents may lack sufficient knowledge about the company's products.
  • Has a slightly higher number of NAIC (National Association of Insurance Commissioners) complaints than the industry average.

Best For Customer Service

Overall Rating

Key Statistics

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

Why We Like Them

Riverside residents, don’t overlook State Farm as your go-to insurance provider. With a presence throughout the city and a history dating back to 1922, State Farm has built a solid reputation in the industry. While primarily known for auto insurance, the company has expanded its offerings to include homeowners and renters insurance, as well as permanent life insurance policies like whole life.

Though not widely regarded for their life insurance products, State Farm’s permanent life policies are of exceptional quality and deserve consideration. While their term life insurance rates may not be the most competitive, working with a local agent can provide added benefits.

With a staggering 18,000 agents across the nation, including Riverside, State Farm is dedicated to providing top-notch customer service. The company boasts 343 claim offices and 30 operations centers, proving its unwavering commitment to customer satisfaction. It’s no surprise that State Farm consistently ranks among the top life insurers in JD Power’s annual customer satisfaction survey.

If you’re a Riverside resident who values exceptional customer service and convenience, State Farm should be at the top of your list for life insurance providers. I recently purchased a policy from a local State Farm agent and was blown away by their exceptional service and streamlined buying process.

While State Farm’s rates may be slightly higher than other providers, their commitment to customer satisfaction is reflected in their vast network of agents and claim offices. The company’s permanent life insurance policies are of exceptional quality, making them a top contender in the industry.

Don’t underestimate the importance of convenience and outstanding customer service when it comes to selecting a life insurance provider. With its unwavering dedication to serving its clients, State Farm is an excellent option for Riverside residents looking for a hassle-free experience.

Benefits & Drawbacks

  • Boasts high customer satisfaction ratings, indicating quality service.
  • Highly convenient due to multiple offices located within easy reach.
  • Allows conversion of term policies into permanent policies.
  • Policies can only be obtained directly from the company, not through independent agents.
  • Age limitations apply to some policies, with no coverage available for individuals above the age of 65.

Best For Buying Life Insurance Online

Overall Rating

Key Statistics

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

Why We Like Them

For Riverside residents seeking a fully digital life insurance buying experience, Haven Life, owned by MassMutual, is a standout option. As a relatively new player in the industry, Haven Life exclusively offers term life insurance policies and has gained popularity for its streamlined, hassle-free process.

Haven Term is the company’s primary product, offering a maximum death benefit of $3 million and competitive premiums. The application process can be completed entirely online, requiring only basic personal information and answers to some medical questions, taking less than 15 minutes to complete. From getting a quote to filing a death claim, everything can be done online with clear instructions provided on their user-friendly website.

What sets Haven Life apart is its no medical exam requirement or need to meet with a paramedical professional. Approval is based solely on your responses to medical questions, and the underwriting process is known for being fair. If you’re tech-savvy and looking for a hassle-free way to purchase term life insurance in Riverside, Haven Life is a solid option worth considering.

For Riverside residents who prefer a seamless, tech-driven experience when it comes to purchasing term life insurance, Haven Life is a top choice. Backed by the reputable MassMutual, Haven Life guarantees that your claims will be paid, and they have received high ratings for their customer service. With a user-friendly online application process that can be completed in just minutes, Haven Life makes buying term life insurance a breeze.

Benefits & Drawbacks

  • Offers a wide range of coverage options, from $25,000 to $3 million.
  • No medical examination is required to obtain coverage.
  • Policyholders can choose between policy terms of 5 to 30 years.
  • Does not offer permanent life insurance policies.
  • Does not have a mobile application for easy access to policy information.

How To Find The Best Life Insurance Company For You

When shopping for life insurance in Riverside, it’s essential to find a company that meets your specific needs. Mutual of Omaha may not be the best choice for a 35-year-old seeking $1 million of term life insurance, but companies like Transamerica or Haven Life might be a better fit. If you prefer working with a dedicated agent, State Farm or MassMutual may be the right choice for you, as opposed to companies that use independent agents.

It’s important to consider your priorities and preferences when choosing a life insurance company. As you research your options, keep in mind these five key factors to help you make an informed decision:

  1. Are the company’s rates competitive for my age group?
  2. Does it offer the type of policy that matches my needs?
  3. What are the company’s financial ratings?
  4. Are the majority of the company’s online reviews positive?
  5. Do I need help from a local agent to select the right policy for me?

To ensure the financial security of your loved ones in the event of an unexpected tragedy, it’s important to carefully select the right life insurance company that meets your specific requirements in Riverside. With several options available, conducting thorough research and asking pertinent questions is essential before making a decision. Taking the time to compare policies, coverage amounts, premiums, and underwriting practices can help you find the ideal life insurance company for your needs.

Largest Life Insurance Companies In Riverside

When it comes to life insurance, the size of a company is not always an indicator of quality. However, if you’re interested in learning about the top life insurance providers in California, here is a breakdown of some of the leading companies in the area:

Rank Company Name California Market Share
1 New York Life 8.64%
2 Transamerica 7.00%
3 Northwestern Mutual 6.28%
4 MassMutual 5.00%
5 Prudential 4.77%
6 Lincoln National 4.16%
7 Met Life 4.02%
8 Pacific Life 3.61%
9 National Life 3.25%
10 John Hancock 2.91%

It’s crucial to conduct thorough research when searching for a life insurance company in Riverside. Size should not be the only factor to consider. While some may think that the biggest companies are always the best, there are other factors to take into account, such as policy options, customer service, and financial ratings. Ultimately, it’s crucial to find a company that meets your specific requirements and provides you with the peace of mind that comes with knowing your loved ones will be taken care of in case of unexpected events.

Average Cost Of Life Insurance In Riverside

Average Monthly Life Insurance Rates For Men In Riverside

Company Rates for $250,000 Death Benefit Rates for $1 Million Death Benefit
Transamerica $10 $18
Nationwide $12 $23
MassMutual $11 $22
Mutual of Omaha $12 $28
AAA $14 $30
State Farm $17 $31

Average Monthly Life Insurance Rates For Women In Riverside

Company Rates for $250,000 Death Benefit Rates for $1 Million Death Benefit
Nationwide $10 $16
Mutual of Omaha $11 $18
MassMutual $9 $19
Progressive Life $12 $43
State Farm $18 $50
Prudential $17 $62

To determine the average cost of a 10-year term life insurance policy in Riverside, we conducted a study based on quotes from major insurance companies operating in the area. We took into account various factors like age, gender, and health status of a hypothetical profile of an average buyer – a 30-year-old male weighing around 179 pounds and a 30-year-old female weighing around 142 pounds. By comparing the quotes we received, we were able to calculate the average cost of a 10-year term life insurance policy in Riverside. It’s important to keep in mind that individual factors may affect the cost of your policy, so it’s always a good idea to get personalized quotes from different companies.

Factors That Impact The Cost Of Your Life Insurance Policy In Riverside

Life insurance companies use a variety of factors to determine policyholders’ costs, but there are some common elements that most companies consider. These may include:

• Age

• Gender

• Medical history

• Height

• Weight

• Smoker or non-smoker status

• Occupation

• Hobbies

• Policy face amount

It’s important to keep in mind that your location, whether it be in Riverside or another city, will not affect the cost of your life insurance policy. The factors mentioned above are typically the primary considerations when determining the cost of your policy.

California Life Insurance Laws To Know

When it comes to purchasing a life insurance policy in Riverside or any other city in California, it’s important to keep in mind the state’s unique regulations that can affect your coverage. Some of these regulations include:

Free look period: This allows policyholders to cancel a new policy without any penalties within the first 10 days of enrollment.

Time period for claim settlement: Life insurance companies in California must settle claims within 30 days of receiving satisfactory proof of death documents. If they fail to do so, interest will be added to the unpaid amount.

Contestable period: This refers to the time an insurer has to contest potentially fraudulent or misrepresented claims on the coverage application. In California, the contestable period lasts a maximum of two years, after which the policy is typically considered incontestable, except for cases of nonpayment of premiums.

Grace period: California law requires insurers to provide a minimum grace period of 60 days for policyholders to pay a missing premium before any penalties can be imposed.


Is life insurance more expensive in California?

The cost of life insurance is determined by individual factors rather than the state of residence. While insurance companies must comply with state regulations, they cannot charge different rates based on location. Therefore, the cost of life insurance should be the same in all states, including California.

Which company has the lowest life insurance rates in Riverside?

Based on our research, Transamerica offers the most affordable life insurance rates for both men and women in Riverside, compared to other major insurance companies.

How much per month is a $1 million life insurance policy in Riverside?

The cost of life insurance is dependent on several factors, including age, gender, health, and lifestyle. After examining quotes from various insurance companies operating in Riverside, we found that a 30-year-old man can obtain a 10-year term life insurance policy worth $1 million for approximately $19 per month in Riverside, while a woman of the same age can get the same coverage for around $16 per month.

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