Best Life Insurance Companies in Washington State

MassMutual was recognized as Best Overall Runner-Up for its robust life insurance options. It features term, whole, and universal coverage at affordable prices, with a variety of riders for customization. The company’s agents, who are well-trained and focus solely on MassMutual policies, provide expert advice to clients. The company also boasts strong financial stability, reflected in its A++ Superior rating from AM Best. While it may not dominate in Washington, it remains a respected choice in the state.

With its main office in New York City and many offices across the state, New York Life has been a leader in life insurance since 1845. Employing thousands, it is a trusted name in New York. We named it the best overall for its reputation and product variety, including the Million Plus Level Term 10 plan, which features fixed rates for ten years and coverage starting at $1 million.

New York Life’s term insurance premiums increase after ten years, but conversion to permanent life policies is available for many. Whole life policies include customizable payment plans, great for those with income variations or who want to pay early. The Secure Wealth Plus plan is available for ages 0 to 60 and offers a 10-year payoff option. New York Life’s size and financial strength make it the Best Overall. It is the third largest U.S. life insurer and the largest mutual company.

Mutual of Omaha has built trust among seniors through its “Wild Kingdom” show and the expertise of its agents. The company’s life insurance options cater to seniors with health issues, offering a guaranteed-issue policy with no medical exam or health questions for severe illnesses and a simplified-issue policy, which skips the exam but includes health questions, for manageable conditions like hypertension or diabetes.

Life insurance becomes pricier with age, and seniors often turn to Mutual of Omaha for trusted coverage. Known for its dedication to senior needs, the company offers Medicare supplements and life insurance. Baby Boomers and older generations have trusted Mutual of Omaha for decades, thanks to its direct mail strategy and well-trained agents.

J.D. Power consistently ranks State Farm highly for its life insurance customer satisfaction, a reflection of its dedication to policyholders. The company’s large network of agents ensures accessible and convenient service, with local offices available for in-person meetings. State Farm’s quick claims handling and compassionate service make it a reliable choice for families in need.

For young adults mindful of their finances, Transamerica delivers competitively priced life insurance options that don’t strain budgets. The company’s website is designed to simplify the process for younger buyers, offering easy-to-understand and accessible resources. Transamerica is committed to making life insurance available to all, regardless of age or financial limitations.

Younger buyers often see life insurance as unnecessary until major life events like marriage or parenthood. Nevertheless, Transamerica actively pursues this demographic for its profitability, given their lower mortality rates. However, the company’s reliance on independent agents may explain why it ranked lowest in customer service in our review.

Leading the life insurance industry in Washington, MassMutual is known for offering some of the best rates statewide. Even with the availability of budget term policies, MassMutual remains highly competitive. For many buyers, price is a major consideration, and MassMutual delivers affordability with term life policies that offer large coverage limits. While their whole and universal policies come at a higher cost, their term options provide excellent value.

Nationwide is widely recognized with many local offices providing sales and service across the nation. Smokers in Washington looking for life insurance will appreciate their motto, “Nationwide is on your side.” Despite slightly higher rates for smokers compared to top competitors, Nationwide emerges as the best choice for smokers because of its competitive pricing, available agents, and excellent customer service.