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Best Life Insurance Quotes in Cleveland, OH

Aug. 26, 2019, 5:03 p.m.

Purchasing life insurance is an essential part of long-term financial planning, especially for those financially responsible for others. Life insurance provides for your family and prevents financial hardship if you die unexpectedly. Our partners at ConsumerAffairs researched the best life insurance in Cleveland to help guide you with this critical decision.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. News 5 may receive compensation from our partners. Learn more.

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#1
RECOMMENDED
Policygenius

Apply in 5 minutes!

#1 MOST POPULAR
Policygenius
Policygenius
Features
  • Apply in 5 minutes
  • Best rates all in one place
  • Handles your paperwork at no extra cost
  • Available in Cleveland
Read More
Location
Serves residents in
Cleveland, OH
(855) 695-2255
#2
EverQuote
EverQuote
Features
  • Largest online marketplace for insurance shopping
  • Find insurers that fit your needs & budget
  • Get quotes 24/7 within minutes
  • Available in Cleveland
Read More
Location
Serves residents in
Cleveland, OH
(855) 522-3444
#3
Neverman Insurance Agency
Neverman Insurance Agency
Features
  • Licensed advisors to give you advice
  • Easy-to-use online quote form
  • Clear communication to explain policies
  • Offers insurance from a host of carriers
Read More
Location
27594 Detroit Rd.
Westlake, OH 44145
(440) 871-5620
#4
Brooks & Stafford
Brooks & Stafford
Features
  • Independent agency with a strong reputation
  • Customized policies at competitive prices
  • Educates clients on policy decisions
  • One-stop shop for insurance needs
Read More
Location
55 Public Square #1650
Cleveland, OH 44113
(216) 696-3000
Consumers Life Insurance
Consumers Life Insurance
Features
  • M-Th: 7:30am-7:30pm
  • Fri: 7:30am - 6pm
  • Closed Sat and Sun
  • consumerslife.com
Location
2060 E. 9th St.
Cleveland, OH 44115
(216) 687-7000
Allstate Insurance: Tanya D. Howard-Grace
Allstate Insurance: Tanya D. Howard-Grace
Features
  • M-Th: 9am - 6pm
  • Fri: 9am - 5:30pm
  • Closed Sat and Sun
  • agents.allstate.com/tanya-d-howard-grace-cleveland-heights-oh.html
Location
2490 Lee Blvd., Ste. 101
Cleveland Heights, OH 44118
(216) 371-2204
Keller National
Keller National
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • kellernational.com
Location
3109 Mayfield Rd.
Cleveland Heights, OH 44118
(216) 965-0646
State Farm: Dick McClement
State Farm: Dick McClement
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • dickmcclement.com
Location
2700 W. 25th St.
Cleveland, OH 44113
(216) 621-3723
J. L. Thomas & Company
J. L. Thomas & Company
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • jlthomasco.com
Location
1500 Chester Ave.
Cleveland, OH 44114
(216) 241-2300
Skylight Financial Group
Skylight Financial Group
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • skylightfinancialgroup.com/contact-us-cleveland-office
Location
2012 W. 25th St., Ste. 900
Cleveland, OH 44113
(216) 621-5680

How to choose life insurance in Cleveland

Cleveland Skyline

While no one likes to think about death, preparing for unexpected tragedy is an essential part of your overall financial and estate plan. Life insurance eases the financial burden on those who depend on you for support and prevents economic hardship, covering costs including mortgage payments, education for your children and funeral expenses.

While many employers in Cleveland offer life insurance to all employees as a standard benefit, the coverage amount is likely insufficient for those with a family. The majority of these policies also terminate if you no longer work for the company.

The two main types of life insurance in Cleveland are:

  • Term life insurance provides life insurance coverage for a specific time period, usually between one and 30 years. These policies are affordable but give no return on investment if you live beyond the term of the policy.
  • Whole life insurance provides life insurance coverage for the span of your entire life and earns interest at a predetermined rate. These policies generally have higher premiums but a guaranteed return on investment.

Universal life insurance is a variation of whole life. For these policies, a portion of your premium is placed in a cash value account that earns interest at market rates. These policies tend to be more flexible and have lower premiums than standard whole life insurance policies.

You should use an experienced insurance agency or broker when shopping for a life insurance policy. These companies will assist you with key considerations and help you choose the amount of coverage you’ll need to keep your family financially secure.

Because of the importance and high value of life insurance policies, choosing a reputable life insurance provider is vital. The company needs to be financially stable to ensure it will be there when you need the policy honored. The National Association of Insurance Commissioners’ 2017 Market Share Report shows Ohio’s leading life insurance providers.

Largest life insurance companies in Ohio Market share
Metropolitan Group 7.70%
Northwestern Mutual Group 6.22%
New York Life Group 5.59%
Prudential of America Group 5.35%
Lincoln National Group 4.45%

Life insurance companies in Cleveland consider multiple variables when calculating premiums. Your life expectancy is a significant factor, and your premium is likely to increase based on your age and current health. Those who are overweight, smoke or have a family history of cancer or heart disease are likely to pay higher premiums.

Men usually have higher premiums because they have a shorter life expectancy. Other factors may include your driving record and whether you work in a hazardous occupation.

The Ohio Department of Insurance (ODI) oversees the life insurance market in the state and provides a database of licensed insurance agents.

Policygenius

Policygenius

Policygenius allows insurance shoppers to receive side-by-side quotes on plans from multiple life insurance providers. The company has assisted more than 4 million people to purchase life insurance policies to protect their family’s financial security. Customers from Cleveland say Policygenius’s process is quick and seamless.

EverQuote

EverQuote

EverQuote assists consumers to obtain life insurance quotes online with no obligation. The company provides a quote request form that allows you to receive rates from a variety of companies. Cleveland customers said the quote request was straightforward, but some people found they received an excessive number of sales calls after receiving quotes.

Neverman Insurance Agency

Neverman Insurance Agency

Neverman Insurance Agency is a local company founded in 1979. The independent agency puts a strong focus on building relationships with its customers and works with multiple insurance providers to find a policy that fits your needs. Customers from Cleveland give the agency high marks and say the policies are competitively priced.

Brooks & Stafford

Brooks & Stafford

Brooks & Stafford has been offering insurance to Cleveland residents since 1849. The agency believes in educating its customers and guiding them in the right direction. Reviews from Cleveland customers praise the company’s agents for taking the time to explain the different types and levels of insurance available to them.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.