Best Life Insurance in California of 2025

Amanda HesterFebruary 1, 2024

If you’re planning for your family’s finances, one of the best ways to provide financial security for your family is through life insurance, which will help take care of them if you can’t anymore. To help you with the process of choosing a life insurance plan, we reviewed and compared the top life insurance companies based on policy pricing, available options, customer support, financial strength, and overall quality.

Affordable term life Insurance coverage

4.8

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$8,000,000

Coverage Up To

No (up to $3M)

Medical Exam

Ages 20 - 60

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Overview

With Ladder, you can customize your insurance coverage depending on your unique needs throughout your term. You can remove coverage when necessary and apply to add more. Rates start from $4.95/month based on a 20-year-old female for a 10-year term, preferred plus health class.

What we like

• Flexibility to adjust coverage throughout the term
• Coverage you can manage online
• No medical exam required for coverage up to $3M

What we don't

• No riders are availabe
• Coverage ends at 70 years of age

Complete your application online

4.5

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$3,000,000

Coverage Up To

May Need

Medical Exam

Ages 20 - 64

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Overview

Haven Life simplifies the insurance application process to learn about your coverage options. There are two products: Haven Simple and Haven Term. Haven Simple requires no medical exam and has a lower coverage amount, and Haven Term may require a medical exam and has more options for coverage.

What we like

• Healthy individuals will get cheaper premiums
• 100% online application - no need to talk to an agent
• Wide range of coverage options
• Haven Term has various riders
• No medical exam for Haven Simple

What we don't

• Only offers term life insurance
• Only selected regions are eligible for riders

What is the cost of life insurance in California?

A life insurance policy in California may cost you around $56 a month. Your life insurance needs will differ depending on your age and financial commitments. The proportion of insurance you purchase must be determined by the standard of living you want to provide for your beneficiaries. When you leave this world, you must take into account the value of your assets and the sources of ongoing available income to your dependents.

Simply put, you should select a life insurance cover that is determined to be able to meet your needs. In this procedure, a balance must be achieved. Being over-insured, like being under-insured, can have a detrimental impact on your budget and jeopardize your long-term financial goals.

Whereas each person’s obligations, needs, and financial circumstances must be assessed on an individualized level, it is critical to use an amount of life insurance that takes into account your particular situations without inadequately or over-insuring.

If you have a family that depends on you, it is always a good idea to have life insurance. It will give them the peace of mind that they will be taken care of if something happens to you.

How are life insurance rates determined in California?

When you’re shopping for life insurance, one of the most important factors to consider is the cost. How are life insurance rates determined in California? The price of a policy will vary depending on your age, health, and the type of coverage you choose.

• Age: Your age is a determining factor in how much you’ll pay for life insurance. Generally, the older you are, the more expensive your premiums will be because statistically speaking, older people have a higher risk of dying. In California, your insurer can’t charge you more than 2 ½ times as much as someone who’s 20 years.
• Health: Your health is also taken into account when insurers set rates. If you have a history of health problems, you can expect to pay more for coverage than someone in good health.
• Type of coverage: The type of life insurance policy you choose will also impact the cost. Term life policies are less expensive than permanent policies.

Difference between term and whole life insurance In California

There are many differences between the two types of life insurance. The main difference is that whole life insurance gives you a payout at the end of your policy, which can be used for any purpose you choose.

Term life insurance only pays out if you die within the term period chosen, whereas whole life insurance will pay out regardless of whether you die within the policy or not.

Another difference between the two is that term life insurance is cheaper, but it doesn’t have any cash value. On the other hand, whole life insurance is more expensive, but you can borrow money from the policy if needed.

Which one’s right for you depends on your situation. If you are looking for something cheaper, then consider term life insurance. But if you are planning to leave something behind for your family or want an investment that will give back after a certain period, then whole life insurance might be a promising choice.

What does life insurance cover in California?

The type of life insurance policy you choose will determine what exactly is covered. When choosing a life insurance policy, it’s important to understand the different types of coverage available. The three main types of coverage are death, terminal illness, and permanent disability.

Death coverage pays out a certain amount of money to your beneficiary if you die. Terminal illness coverage pays out a certain amount of money to your beneficiary if you are diagnosed with a terminal illness and have a limited amount of time to live. Permanent disability coverage pays out a certain amount of money to your beneficiary if you become permanently disabled and are unable to perform the functions of your job.

Some policies will pay out money if you become critically ill. Most critical illnesses covered by life insurance policies include heart attack, stroke, and certain forms of cancer.

How to choose the best life insurance plan in California

Here are a few factors that you may consider while selecting the best life insurance policy in California:

• Your willingness to risk: When you are looking at life insurance plans in California, you can tell your insurance agent which of the two types of life insurance you would prefer.
• Your age: The older you are, the more likely it is that you will need whole life insurance. This type of insurance lasts for your entire life, as long as you make your premium payments. It also builds cash value that you can access if you need it.
• Your occupation: If you are in a high-risk occupation, such as a police officer or firefighter, you should consider life insurance more deeply. This type of insurance is also a good option for people who want to make sure their loved ones are taken care of if something happens to them.
• Your budget: Term life insurance is more affordable than whole life insurance. If you are on a tight budget, consider lowering your coverage amount.
• Policy type: The premium and payout of a term life insurance policy are fixed, meaning it won’t change over the period you choose. However, premiums will increase if you choose to renew or purchase a new policy before your original term ends. Your beneficiary will receive the same amount regardless of how much your policy costs when you are alive. However, if you choose to decrease your death benefit, your premiums will go down.
• The coverage amount you want: When deciding which type of life insurance policy to choose, it is important to consider what you value most. If you are looking for coverage that will last for a specific period and you want a pay out if you die during that time, then a term life insurance policy may be the right choice for you. However, if you want coverage that will last your entire life and have the potential to build cash value over time, then a whole life insurance policy is a better option.