Best Life Insurance in Mississippi for 2025 (Your Guide to the Top 10 Companies)
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | 17% | B | Bundling Savings | State Farm |
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#2 | 7% | A | Pricing Options | AIG |
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#3 | 12% | A+ | Comprehensive Life | Prudential |
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#4 | 9% | A++ | Financial Planning | Northwestern Mutual |
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#5 | 6% | A++ | Premium Coverage | New York Life |
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#6 | 8% | A+ | Life & Annuities | Lincoln Financial |
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#7 | 5% | A+ | Health Bundles | Mutual of Omaha |
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#8 | 11% | A++ | Disability Coverage | Guardian Life |
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#9 | 5% | A+ | Auto/Home Bundles | The Hartford |
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#10 | 9% | A | Financial Products | Transamerica |
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
|
$35 | $250 |
|
$30 | $240 |
|
$32 | $245 |
|
$40 | $265 |
|
$38 | $260 |
|
$33 | $255 |
|
$28 | $235 |
|
$36 | $250 |
|
$34 | $248 |
|
$29 | $240 |
| Insurance Company | Available Discounts |
|---|---|
|
Family Savings, Healthy Lifestyle, Preferred Rates, Loyalty Rewards, Early Signup Incentives |
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Multi-Policy Savings, Wellness Program, Senior Support, Long-Term Care Benefits, Family Protection Plan |
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Safe Driver Incentives, Non-Smoker Rates, Flexible Premiums, Employer Partnerships, Accelerated Benefits |
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Multi-Policy Savings, Loyalty Rewards, Healthy Habits Plan, Retirement Support, Critical Illness Coverage |
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Non-Smoker Rates, Financial Planning Bundle, Guaranteed Insurability, Legacy Benefits, Early Signup Rewards |
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Long-Term Savings, Non-Smoker Incentives, Career Benefits, Flexible Term Options, Health Assessment Perks |
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Healthy Living Rewards, Family Bundles, Lifestyle Savings, Financial Wellness Tools, Early Commitment Perks |
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Multiple Policies, Health Screen Savings, Young Family Perks, Career Benefits, Active Lifestyle Incentives |
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Healthy Habits Plan, Employee Partnerships, Lifetime Coverage Perks, Retirement Support, Flexible Plans |
|
Wellness Program, Multi-Policy Bundles, Chronic Illness Coverage, Preferred Rates, Active Lifestyle Perks |
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Multi-Policy Discount | A | 15% | State Farm, Nationwide, Allstate |
| Healthy Lifestyle Reward | B+ | 10% | Prudential, John Hancock |
| Military Service Discount | B | 5% | USAA, Armed Forces Benefit Association |
| Loyalty Discount | B- | 5% | New York Life, Northwestern Mutual |
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Natural Causes | 65% | $150000 |
| Accidental Death | 20% | $200000 |
| Suicide | 5% | $100000 |
| Homicide | 5% | $120000 |
| Unknown/Other Causes | 5% | $110000 |
| City | Accidents per Year | Claims per Year |
|---|---|---|
| Biloxi | 2,400 | 2,200 |
| Gulfport | 3,200 | 3,000 |
| Hattiesburg | 2,800 | 2,600 |
| Jackson | 5,500 | 5,100 |
| Meridian | 2,100 | 1,900 |
| Category | Grade | Explanation |
|---|---|---|
| Availability | A | Multiple insurers operate in Mississippi, offering a variety of life insurance products. |
| Financial Stability | A- | Most major insurers in Mississippi have strong financial ratings, ensuring reliability. |
| Affordability | B+ | Average annual premium for a $500,000 policy is approximately $307 for women and $373 for men. |
| Customer Satisfaction | B | Varies by provider; it's important to research individual company ratings and reviews. |