Best Life Insurance in Maine for 2025 (Check Out the Top 10 Companies)
| Company | Rank | Multi-Vehicle Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | 17% | B | Term Options | State Farm |
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#2 | 25% | A++ | Universal Options | Geico |
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#3 | 25% | A+ | Custom Policies | Allstate |
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#4 | 4% | A+ | Affordable Coverage | Mutual of Omaha |
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#5 | 11% | A++ | Disability Integration | Guardian Life |
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#6 | 20% | A+ | Competitive Rates | Nationwide |
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#7 | 6% | A++ | Dividend Payouts | MassMutual |
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#8 | 10% | A+ | Bundling Discounts | Prudential |
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#9 | 10% | A+ | Flexible Terms | Progressive |
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#10 | 10% | A+ | Wellness Incentives | John Hancock |
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
|
$48 | $250 |
|
$40 | $220 |
|
$60 | $280 |
|
$54 | $270 |
|
$65 | $300 |
|
$47 | $240 |
|
$53 | $265 |
|
$46 | $230 |
|
$55 | $275 |
|
$50 | $260 |
| Insurance Company | Available Discounts |
|---|---|
|
Preferred Health, Healthy Lifestyle, Bundling, Annual Payment, Wellness Program |
|
Simplified Issue Savings, Smoker-Free Discount, Health-Conscious Program Bonus, Family Protection Incentive |
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Smoker-Free, Family Bundle Savings, Wellness Program Incentive, Healthy Living Reward |
|
Vitality Program Savings, Healthy Living Rewards, Non-Tobacco User, Family Protection Savings |
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Healthy Lifestyle, Bundling, Preferred Risk, Loyalty, Annual Payment |
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Bundling, Non-Smoker, Healthy Lifestyle, Loyalty, Annual Payment |
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Bundling, Family, Paid-in-Full, Healthy Lifestyle, Early Application, Auto-Pay, Student, Military |
|
Simplified Issue Savings, Smoker-Free, Health-Conscious Program Bonus, Family Protection Incentive |
|
Wellness Program, Smoker-Free Savings, Family Protection Bonus, Health Monitoring Reward |
|
Bundling, Safe Driver (if bundled), Preferred Health, Non-Smoker, Loyalty |
| Insurance Company | Bundling | Good Health | Non-Smoker | Good Student | Long-Term Policy |
|---|---|---|---|---|---|
 |
25% | 20% | 15% | 10% | 10% |
 |
20% | 15% | 10% | 8% | 10% |
 |
22% | 18% | 15% | 10% | 12% |
 |
25% | 20% | 15% | 12% | 10% |
 |
20% | 18% | 12% | 10% | 12% |
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22% | 20% | 15% | 10% | 12% |
 |
25% | 18% | 15% | 10% | 10% |
 |
20% | 15% | 10% | 8% | 10% |
 |
25% | 20% | 15% | 10% | 12% |
 |
25% | 18% | 12% | 10% | 10% |
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Death Benefits | 40% | $50000 |
| Disability Benefits | 25% | $30000 |
| Critical Illness Claims | 15% | $20000 |
| Accidental Death Claims | 12% | $45000 |
| Terminal Illness Claims | 8% | $25000 |
| City | Accidents per Year | Claims per Year |
|---|---|---|
| Augusta | 200 | 150 |
| Bangor | 300 | 220 |
| Lewiston | 250 | 180 |
| Portland | 500 | 350 |
| South Portland | 150 | 100 |
| Category | Grade | Explanation |
|---|---|---|
| Affordability | A | Premiums average below the national median. |
| Availability | A | Wide range of providers and policy options. |
| Discounts | B+ | Common discounts include bundling and health. |
| Customer Satisfaction | B | Mixed reviews depending on the provider. |
| Claims Processing | B | Claims are processed within 2-4 weeks. |