Best Life Insurance in Massachusetts for 2025 (Check Out the Top 10 Companies)

With rates starting from $26 monthly, MassMutual, State Farm, and Guardian Life offer the best life insurance in Massachusetts. MassMutual stands out with an industry-leading cash value growth of 7.2%.

State Farm provides a 17% bundling discount that saves families an average of $312 annually, and Guardian Life features premium adjustments up to six times per year without fees.

Company	Rank	Bundling Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	6%	A++	Cash Value Growth	MassMutual
	#2	17%	A++	Personalized Service	State Farm
	#3	11%	A++	Flexible Payments	Guardian Life
	#4	10%	A+	Vitality Program	John Hancock
	#5	6%	A+	Term Policies	Transamerica
	#6	13%	A+	High-Value Policy	Prudential
	#7	5%	A+	Fast Approval	Pacific Life
	#8	10%	A+	Low Premiums	Lincoln
	#9	20%	A+	Claims Processing	Nationwide
	#10	4%	A+	Senior Options	Mutual of Omaha

Massachusetts life insurance rates vary based on age, health, and location. Term policies range from $26 to $34 monthly, and whole-life policies range from $62 to $80 monthly.

Find cheap Massachusetts life insurance quotes by entering your ZIP code into our free quote comparison tool.

What You Should Know

• MassMutual leads with a 7.2% cash value growth rate over the past decade
• State Farm processes 92% of claims within five business days through their 375 local agents in Massachusetts
• Guardian Life allows up to six premium adjustments annually without fees

#1 – MassMutual: Top Overall Pick

Pros

• Cash Value Growth: MassMutual life insurance policies that generate immediate cash value averaged 7.2% in growth over the past decade, outperforming the industry average by over 2%.
• Financial Strength: Outstanding A++ financial strength rating ensures reliable payouts, with $675 billion in assets backing Massachusetts policies.
• Local Accessibility: Local presence in 85% of Massachusetts counties to provide policyholders personalized support within 15 miles of their homes.

Cons

• Premium Costs: Monthly term life premiums start at $32, approximately 18% higher than the Massachusetts average of $27.
• Digital Limitations: The digital policy management platform lacks real-time claim tracking and online beneficiary changes, which are available from newer Massachusetts life insurance companies.

#2 – State Farm: Best for Personalized Service

Pros

• Agent Network: A dedicated network of 375 local agents across Massachusetts provides in-person support within 24 hours of claim filing.
• Claims Efficiency: The Boston claims processing center handles 92% of Massachusetts life insurance claims within five business days. Learn more in our State Farm insurance review.
• Multi-Policy Savings: Exceptional 17% multi-policy discount saves Massachusetts families an average of $312 annually when bundling life with home/auto.

Cons

• New Customers: State Farm is not writing new life insurance policies in Massachusetts, so you must be an existing policyholder to buy coverage.
• Medical Requirements: Medical exam requirements are more stringent than other life insurance companies in Massachusetts, requiring complete physicals for policies over $100,000.

#3 – Guardian Life: Best for Flexible Payments

Pros

• Payment Flexibility: Flexible payment options allow Massachusetts policyholders to adjust premium payments up to 6 times annually without fees.
• Dividend Performance: Whole life dividend rates have averaged 6.8% since 2019, providing Massachusetts policyholders consistent growth above market rates.
• Business Coverage: As one of the best life insurance companies that offer group insurance, Massachusetts entrepreneurs get coverage of up to $5 million without medical exams.

Cons

• Coverage Minimum: The minimum coverage requirement of $250,000 for term policies exceeds Massachusetts's average entry point of $100,000.
• Premium Requirements: Universal life policies require a $150 monthly minimum premium, higher than the $95 Massachusetts market average.

#4 – John Hancock: Best for Vitality Program

Pros

• Wellness Rewards: The Vitality wellness program rewards Massachusetts policyholders with up to 25% premium reduction, saving members an average of $420 annually.
• Digital Health: Fitness tracker integration tracks 15 wellness metrics, offering Massachusetts members up to $600 yearly in fitness reimbursements. Learn how fitness trackers save on insurance premiums.
• Medical Professional Benefits: Superior underwriting for medical professionals reduces premiums by 15% for Massachusetts healthcare workers in high-risk specialties.

Cons

• Age-Related Increases: Premium increases average 8.2% annually after age 50, compared to the Massachusetts industry standard of 5.5%.
• Platform Complexity: The platform requires 3-5 separate logins for Massachusetts policyholders accessing different coverage features and wellness benefits.

#5 – Transamerica: Best for Term Policies

Pros

• Competitive Rates: Term life rates start at $29 monthly for Massachusetts residents under 35, beating the market average.
• Quick Approval: The quick-approval process delivers coverage decisions within 48 hours for 73% of Massachusetts applicants who need life insurance (Read More: Do you need life insurance?).
• Business Solutions: Specialized business term policies offer Massachusetts entrepreneurs up to $2 million group life insurance coverage with streamlined underwriting.

Cons

• Office Accessibility: Only three physical offices across Massachusetts require an average travel time of 45 minutes for in-person service.
• Limited Riders: Limited to 12 rider options for Massachusetts policies, compared to the industry average of 18 customization choices.

#6 – Prudential: Best for High-Value Policies

Pros

• High-Value Rates: High-value policies over $1 million offer Massachusetts urban professionals rates 12% below market average.
• Educational Resources: The comprehensive online education platform features 85 Massachusetts-specific guides for financial planning.
• Benefit Access: As mentioned in our Prudential insurance review, its accelerated death benefit provides Massachusetts policyholders access to 95% of coverage value for terminal illness.

Cons

• Medical Screening: The medical screening process requires 15 additional health metrics compared to Massachusett's competitors.
• Processing Time: Policy modifications take 12-15 business days in Massachusetts versus an industry average of 7-10 days.

#7 – Pacific Life: Best for Fast Approvals

Pros

• Simplified Approval: Simplified issue policies approve 82% of Massachusetts applicants with chronic conditions within 72 hours.
• Estate Planning: Estate planning tools reduce tax liability by up to 40% for Massachusetts residents with estates over $2 million.
• Guaranteed Rates: Universal life policies offer Massachusetts policyholders a guaranteed 3.5% minimum interest rate.

Cons

• Rider Limitations: Term life policies are limited to eight rider options in Massachusetts, compared to the market average of 12 choices.
• Modification Fees: Policy modification fees average $75 in Massachusetts, exceeding competitor average of $45 per change (Read More: Best Life Insurance Companies With Rates That Stay The Same).

#8 – Lincoln Financial: Best for Low Rates

Pros

• Cheap Rates: Lincoln Financial is the cheapest life insurance company in Massachusetts. Term policies start at $26 a month, and whole policies are $62 monthly.
• Claims Approval: Financial stability was demonstrated by a 98.7% claims approval rate for Massachusetts policyholders.
• Professional Coverage: Specialized coverage for Massachusetts medical professionals includes built-in disability riders at no extra cost (Read More: Best Life Insurance Companies for Disabled Children).

Cons

• Age Requirements: Age restrictions require Massachusetts applicants over 30 to provide five years of medical history versus standard three years.
• Business Plans: Business owner policies are limited to three plan structures in Massachusetts, while competitors offer 5-7 options.

#9 – Nationwide: Best for Claims Processing

Pros

• Fast Claims: Claims processing time averages 4.8 days in Massachusetts, beating the industry standard of 7.2 days. Learn more about its fast claims in our Nationwide insurance review.
• Bundle Savings: The multi-policy program offers Massachusetts residents up to 20% savings, the highest bundling discount in the state.
• Digital Features: The digital platform enables Massachusetts policyholders to modify coverage limits and beneficiaries within 2 hours.

Cons

• Urban Rates: Premium life insurance rates in the Boston metropolitan area average 22% higher than suburban Massachusetts locations.
• Rider Options: Only seven rider options are available for Massachusetts term life policies, while top competitors offer 12-15 choices.

#10 – Mutual of Omaha: Best for Senior-Friendly Options

Pros

• Senior Approval: Senior-focused policies approve 91% of Massachusetts applicants ages 65-75 without medical exams.
• Dedicated Team: A dedicated Massachusetts claims team of 45 specialists handles senior life insurance claims within 72 hours.
• Age Acceptance: As one of the best life insurance companies that cover people denied by other life insurance companies, its guaranteed acceptance policies are available for Massachusetts residents up to age 85.

Cons

• Young Adult Rates: Under-50 policies in Massachusetts average 25% higher premiums compared to market rates.
• Limited Options: Limited policy options for Massachusetts residents under 40, offering only four-term lengths versus industry standard 6.

Average Life Insurance Rates in Massachusetts

When applying for life insurance in Massachusetts, you probably wonder about costs. We've gathered rates from top insurers to show you what you might pay. These rates are based on a healthy Massachusetts resident buying a $250,000 policy. Remember that your rates may differ based on age, health, and coverage needs.

Insurance Company	Term Policy	Whole Policy
	$28	$69
	$27	$65
	$26	$62
	$32	$74
	$28	$68
	$34	$80
	$31	$73
	$33	$77
	$30	$72
	$29	$71

The rates above show that term life insurance in Massachusetts typically costs between $26 and $34 per month, while whole life runs from $62 to $80 monthly. Lincoln offers the most affordable term policies, starting at $26, while Nationwide's comprehensive coverage comes with higher rates at $34 monthly. Lincoln again leads with $62 monthly premiums for the whole life, while Nationwide's robust policy features set their rates at $80.

Do you want to know what you will pay exactly? The rates serve as a starting point, but ask for custom quotes from several companies to find your lowest price. Age, health, job, or Massachusetts zip code may change your total cost.

Types of Life Insurance Coverage Available in Massachusetts

Here's a breakdown of each company's coverage types when shopping for life insurance in Massachusetts. Understanding these options will help you choose the right policy for your needs.

Insurance Company	Term Life	Whole Life	Universal Life	Final Expense	No-Medical-Exam
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅
	✅	✅	✅	❌	✅

MassMutual, Nationwide, and Pacific Life offer all five types of coverage, making them good choices if you want the most options under one provider.

Most Massachusetts life insurance companies offer a range of basic coverage types, but there are some key differences to note among these common policies:

• Term and Whole Policies: All ten companies offer term, whole, and universal life insurance, giving you flexibility in choosing coverage length and premium structures.
• Final Expense Coverage: MassMutual, Nationwide, and Pacific Life are life insurance companies that cover funeral expenses. These policies help cover funeral and end-of-life costs. These policies typically offer smaller coverage amounts but are easier to qualify for.
• No-Medical-Exam Options: Each company offers policies without a medical exam, which lets you secure coverage fast. Limits and costs can differ from those of fully underwritten policies.

Keep in mind that the best choice depends on your needs, health, and budget. Obtaining quotes from several providers can help you match coverage to cost.

How to Save on Your Massachusetts Life Insurance

Massachusetts residents can save significantly on their life insurance premiums through various discounts. Here's a detailed breakdown of savings opportunities from the best Massachusetts life insurance companies.

Insurance Company	Non-Smoker	Healthy Lifestyle	Bundling	Loyalty	AutoPay
	15%	10%	5%	3%	2%
	10%	7%	7%	5%	3%
	15%	7%	6%	3%	2%
	15%	7%	10%	6%	4%
	10%	10%	5%	4%	3%
	12%	7%	8%	3%	2%
	10%	8%	6%	5%	3%
	20%	7%	7%	5%	2%
	8%	10%	17%	4%	3%
	11%	11%	8%	5%	2%

The most significant savings opportunities come from non-smokers and healthy lifestyle discounts. John Hancock leads with substantial healthy lifestyle discounts through their Vitality program and a 10% non-smoker discount. Other big savings come from Nationwide and Prudential.

All providers offer consistent savings through bundling, loyalty rewards, and automatic payment setups. Massachusetts residents can combine multiple discounts for maximum savings, though availability varies by life insurance classifications and individual health assessments.

Choosing Your Massachusetts Life Insurance

MassMutual, State Farm, and Guardian Life have the best life insurance in Massachusetts. MassMutual offers a 7.2% cash value growth rate and excellent financial forecast ratings.

Determining the right benefits for you and your family can often be confusing, even with material from your employer. Take a look at these five tips to help make sense of the available options for you, https://t.co/YQafyR6Gb5. pic.twitter.com/v7ujVGaq8u

— MassMutual (@massmutual) November 15, 2022

State Farm provides a market-leading 17% bundling discount, and Guardian Life delivers flexible payment options at no extra cost. Lincoln Financial has the best cheap Massachusetts life insurance starting at $26 monthly.

Looking for lower life insurance rates? Enter your ZIP code into our free quote comparison tool today and find the cheapest providers near you.