Best Life Insurance Companies in Vermont

With its strong offerings, MassMutual was named Best Overall Runner-Up. The company offers a wide range of life insurance options, including term, whole, and universal life, all at competitive prices. Customization is easy with a variety of riders. MassMutual’s agents are highly trained and focus exclusively on its products, ensuring clients get expert guidance. An A++ Superior rating from AM Best highlights the company’s financial strength. Though not as prominent in Vermont, it is still a trusted and respected provider.

Known for its headquarters in New York City and offices throughout the state, New York Life has been a major life insurance provider since 1845, employing thousands. We chose it as the best overall for its strong reputation and broad product offerings. Its term life policies stand out, especially the Million Plus Level Term 10, which offers $1 million or more in coverage with a fixed premium for the first ten years.

After the first ten years, New York Life’s term premiums rise, though many policies are convertible to permanent coverage. Their whole life plans include flexible payment options, ideal for people with variable incomes or those aiming for early payment completion. The Secure Wealth Plus plan covers ages 0 to 60 and can be paid off in 10 years. New York Life is the Best Overall winner, being the third largest U.S. life insurer and largest mutual insurer, as well as ranking #72 on the Fortune 500.

Renowned for its commitment to seniors, Mutual of Omaha has earned a trusted name through its “Wild Kingdom” show and knowledgeable agents. Seniors with health concerns can choose between two life insurance options: a guaranteed-issue policy requiring no health questions or medical exam, and a simplified-issue policy, which avoids a medical exam but includes health-related questions, ideal for minor conditions like high blood pressure or diabetes.

Seniors pay the highest premiums for life insurance, making trust in a provider essential. Mutual of Omaha has built its reputation as a senior insurance specialist, offering products like Medicare supplements and life insurance. Baby Boomers and their parents have relied on the company since their youth, drawn by its effective mail campaigns and agent expertise.

State Farm’s strong commitment to its policyholders has earned it high marks from J.D. Power for life insurance customer satisfaction. With the largest network of agents in the U.S., it provides personalized service through numerous neighborhood offices. Renowned for its efficient claims process and caring support, State Farm is a trusted name for families during difficult times.

Transamerica is well-known for offering affordable life insurance options that appeal to budget-conscious young adults. The company understands their financial concerns and provides policies that are both practical and cost-effective. Their website caters to younger buyers with a simple, informative layout. Transamerica is dedicated to serving people of all ages and financial statuses.

Many young adults don’t view life insurance as a priority and often wait until they marry or start a family to consider it. Companies like Transamerica still target this group for its profitability, thanks to lower mortality rates. Despite this focus, Transamerica scored poorly in customer service, likely due to its reliance on independent agents, whose performance can vary.

As the top life insurance provider in Vermont, MassMutual is celebrated for its competitive rates and strong financial standing. While numerous budget insurers operate in the state, MassMutual often delivers the best pricing for term life insurance. Buyers value affordability, and MassMutual stands out with its reasonably priced term policies offering high coverage amounts. Although their whole and universal life policies are more expensive, the company’s focus on term life insurance makes it a preferred choice.

Nationwide is well-respected with numerous local branches offering sales and service throughout the nation. Smokers in Vermont seeking life insurance will find their slogan, “Nationwide is on your side,” to be accurate. Despite slightly higher rates for smokers compared to leading competitors, Nationwide stands out as the preferred choice for smokers due to its competitive rates, accessible agents, and exceptional customer support.