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

State Farm, Northwestern Mutual, and New York Life have the best life insurance in Washington. State Farm tops the list for its extensive network of local agents across Washington.

Northwestern Mutual's industry-leading dividend returns and New York Life's specialized coverage for the state's outdoor enthusiasts help them stand out against the top Washington life insurance companies.

Company	Rank	Bundling Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	17%	B	Local Agent	State Farm
	#2	12%	A++	Dividend-Paying Policies	Northwestern Mutual
	#3	11%	A++	Flexible Coverage	New York Life
	#4	13%	A+	Outdoor Benefits	Prudential
	#5	7%	A+	Affordable Term	Banner Life
	#6	4%	A+	Long-Term Care	Mutual of Omaha
	#7	5%	A+	Retirement Planning	Pacific Life
	#8	7%	A-	No-Medical-Exam Policies	Globe Life
	#9	11%	A++	Dividend-Paying Policies	Guardian Life
	#10	20%	A+	Online Tools	Nationwide

If you're choosing between term and whole life insurance, this guide explains how your insurance classification and Washington's unique regional factors — from Seattle's high living costs to Eastern Washington's agricultural risks — significantly impacting costs. Try our comparison tool to find the cheapest coverage that fits your needs.

What You Should Know

• State Farm ranks as Washington's top life insurance provider with a 17% bundling discount
• Northwestern Mutual is known for consistently paying the highest dividends in the industry
• New York Life rounds out Washington's top life insurance providers with the most flexible coverage options

#1 – State Farm: Top Overall Pick

Pros

• Extensive Local Network: Offers the most extensive network of local agents, making it easier for residents to get personalized life insurance quotes in Washington and surrounding areas.
• Premium Bundling Benefits: Provides exceptional bundling discounts of 17% for Washington residents who combine life insurance with other policies, leading to significant savings.
• Agent Development Program: As mentioned in our review of State Farm insurance, its local presence makes obtaining a life insurance license in Washington state more straightforward through their agent mentorship program.

Cons

• Fewer Riders: State Farm does not offer as many riders or customization options as other life insurance companies in Washington.
• Premium Costs: It whole life insurance policies start at $88, which is higher than some competitors offering coverage in Washington.

#2 – Northwestern Mutual: Best for Dividend Payments

Pros

• Industry-Leading Dividends: Consistently pays some of the highest dividends among life insurance companies in Washington.
• Financial Strength: Its A++ rating demonstrates superior financial strength for Washington policyholders seeking long-term security.
• Education Resources: Offers comprehensive study materials for those shopping for life insurance in Washington. Looking for coverage with no medical exam? These are the best no medical exam life insurance options.

Cons

• Coverage Minimums: Its minimum policy coverage amounts are higher than other best life insurance in Washington providers.
• Licensing Costs: The life insurance license Washington state cost through their program can be more expensive than alternatives.

#3 – New York Life: Best for Flexible Coverage

Pros

• Coverage Flexibility: Provides the most flexible coverage options among life insurance companies in Washington.
• Financial Security: Its A++ rating ensures excellent financial stability for Washington life insurance beneficiaries. Find out how to buy life insurance for someone else.
• Professional Development: Offers specialized training programs for those pursuing a life insurance license in Washington state.

Cons

• Premium Rates: Its whole life insurance premiums, starting at $95 a month, are among the highest in Washington.
• Bundling Options: The 5% bundling discount is lower than other top providers of best life insurance in Washington.

#4 – Prudential: Best for Outdoor Benefits

Pros

• Lifestyle Benefits: Unique outdoor lifestyle benefits specifically designed for Washington's active population.
• Health Incentives: High non-smoker discount makes it attractive for health-conscious Washington residents.
• Exam Preparation: Comprehensive online resources for those who want to be life insurance agents in Washington.

Cons

• Term Rates: Its term life insurance rates start at $30, higher than many competitors in Washington.
• Rural Coverage: Local agent availability is limited in some rural areas of Washington State.

#5 – Banner Life: Best for Affordable Term Rates

Pros

• Competitive Pricing: It offers the lowest term life insurance rates starting at $25 in Washington state.
• Health Discounts: High non-smoker discount among all life insurance companies in Washington state. It's also one of the best life insurance companies that cover open-heart surgery.
• Easy Application: Streamlined application process makes obtaining life insurance quotes in Washington quick and efficient.

Cons

• Limited Bundling: Limited bundling options with only 5% discount for Washington residents.
• Local Presence: Fewer local offices compared to other providers of best life insurance in Washington.

#6 – Mutual of Omaha: Best for Long-Term Care

Pros

• Specialized Coverage: Specialized long-term care riders unique to Washington's aging population.
• Affordable Terms: Competitive monthly term life rates at $26 make it affordable for Washington residents, and it's also one of the best life insurance companies that let you pay by money order.
• Licensing Support: Comprehensive study materials to help mediate the cost of the life insurance license exam in Washington State.

Cons

• Bundling Benefits: Low bundling discount of only 5% compared to other Washington providers.
• Digital Tools: Limited online tools for policy management in Washington.

#7 – Pacific Life: Best for Retirement Planning

Pros

• Retirement Integration: Industry-leading retirement planning integration with life insurance in Washington state.
• Payment Flexibility: Flexible premium payment options for Washington residents facing financial changes (Read More: Life Insurance Companies With Rates That Stay the Same).
• Professional Support: Dedicated support for those pursuing a life insurance license in Washington state.

Cons

• Auto-Pay Benefits: Minimal automatic payment discount of 2% for Washington policyholders.
• Location Access: Limited physical presence across Washington state locations.

#8 – Globe Life: Best for No Medical Exam

Pros

• No-Exam Options: No medical exam policies specifically designed for Washington state residents.
• Digital Experience: Simple online application process for getting life insurance quotes in Washington.
• Competitive Rates: Competitive term life rates starting at $28 per month for Washington policyholders.

Cons

• Financial Rating: Lower A.M. Best rating (A-) compared to other best life insurance in Washington providers.
• Coverage Options: Limited rider options for Washington state residents, however Globe Life is one of the best life insurance companies for people who have been in an accident.

#9 – Guardian Life: Best for Dividend History

Pros

• Dividend Performance: Strong dividend payment history for Washington state policyholders.
• Educational Resources: Comprehensive educational resources for life insurance exam Washington preparation.
• Policy Customization: Excellent range of rider options for Washington residents and its one of the best life insurance companies that offer group insurance.

Cons

• Term Costs: Higher term life insurance rates at $30 a month for Washington, NC residents.
• Online Services: Limited online policy management tools for Washington state customers.

#10 – Nationwide: Best for Digital Tools

Pros

• Digital Platform: Best-in-class online tools for Washington life insurance policy management.
• Bundling Value: As mentioned in our Nationwide review, it has one of the highest healthy lifestyle discounts on Washington life insurance.
• Competitive Pricing: Affordable term rates starting at $27 a month, with competitive features for Washington residents.

Cons

• Agent Network: Fewer local agents compared to other providers of best life insurance in Washington.
• Specialty Coverage: The company has limited specialty options for life insurance coverage in Washington.

Compare Life Insurance Rates in Washington State

How much does life insurance cost? Washington residents have several options to choose from with competitive rates.

Insurance Company	Term Policy	Whole Policy
	$25	$75
	$28	$78
	$30	$85
	$26	$80
	$27	$82
	$32	$95
	$31	$93
	$29	$90
	$30	$92
	$28	$88

Most providers require a life insurance exam in Washington as part of the underwriting process. This medical exam will help determine your premium rates. Some companies offer no exam policies, but these usually come with higher premiums.

Life Insurance Coverage Options Available in Washington

When looking for the best life insurance in Washington, you should consider both term and whole life policies. Term life insurance provides coverage for a specific period (usually 10-30 years) at lower premiums. Whole life insurance is more expensive but builds cash value over time and lifetime coverage.

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

Universal life provides flexibility to adjust premiums and death benefits as needed, final expense insurance covers end-of-life costs, and no-medical-exam policies offer convenience for those who prefer to skip physical examinations.

Washington residents benefit from strong consumer protections, including a "free look" period and tax-free benefits for beneficiaries.

Required coverage amounts depend on income, debt and family size. Financial advisors recommend 10-15 times your annual income. Consider adding riders like disability or long term care coverage to your policy.

How to Maximize Savings on Washington Life Insurance

When looking for the cheapest life insurance in Washington, you need to know what discounts are available. Life insurance companies in Washington state offer various savings opportunities, with discounts typically ranging from 4-20%.

Insurance Company	Non-Smoker	Healthy Lifestyle	Bundling	Loyalty	Automatic Payment
	12%	7%	10%	9%	6%
	12%	7%	8%	7%	5%
	10%	7%	12%	9%	6%
	10%	7%	12%	8%	6%
	12%	7%	12%	8%	5%
	10%	7%	15%	10%	6%
	10%	7%	12%	9%	5%
	10%	8%	10%	7%	4%
	20%	7%	15%	10%	6%
	8%	10%	15%	10%	6%

Top companies like Prudential lead in non-smoker discounts at 20%, while New York Life and State Farm offer the best bundling discounts at 15%. Bundling is also an easy way to save money on Washington life insurance if you buy multiple policies with one company.

Beyond traditional life insurance discounts, Washington life insurance companies reward customer loyalty and automatic payments. Looking at the combined potential savings, insurers like Prudential and New York Life offer total possible discounts of up to 41% when you combine all available discounts.

For the best life insurance in Washington, look for companies that offer stackable discounts - combining fitness trackers for healthy lifestyle, bundling and auto pay can get you total savings of 25%-41%. Some companies also offer a rate reduction for taking an approved financial planning course or setting up an estate plan.

Top-Rated Life Insurance Companies in Washington State

State Farm, Northwestern Mutual, and New York Life lead with the best life insurance in Washington, with State Farm offering a huge local agent network, Northwestern Mutual's industry-leading dividend payments, and New York Life featuring highly customizable coverage options.

For residents seeking affordable life insurance in Washington state, you should know everything when applying for life insurance, and comparing multiple quotes online makes it easy to find providers with competitive rates starting at $25 per month.

It’s no joke how much money you can save when you bundle with the Personal Price Plan®. It is pretty funny though. 😁 pic.twitter.com/COhT4EGKg0

— State Farm (@StateFarm) December 10, 2024

Protecting your family financially doesn’t have to be expensive. Enter your ZIP code in our free comparison tool to find affordable life insurance in Washington.