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Best Life Insurance Quotes in Lansing, MI

Nov. 6, 2019, 12:46 p.m.

A common phrase in the industry is that life insurance is for the living, not the dead. Life insurance provides aid and financial support to loved ones when the policyholder dies. A good life insurance company offers competitive rates and stability. Our partners at ConsumerAffairs researched the best life insurance in Lansing to protect your family.

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#1
RECOMMENDED
Policygenius

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#1 MOST POPULAR
Policygenius
Policygenius
Features
  • Free coverage assessment tool
  • Handles paperwork at no extra cost
  • Best rates all in one place
  • Available in Lansing
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Location
Serves residents in
Lansing, MI
(855) 695-2255
#2
EverQuote
EverQuote
Features
  • Largest online marketplace for insurance shopping
  • No-obligation quotes
  • Works directly with dozens of carriers
  • Available in Lansing
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Location
Serves residents in
Lansing, MI
(855) 522-3444
#3
Rathbun Insurance
Rathbun Insurance
Features
  • Lansing local for over 60 years
  • Broker representing 15 insurance providers
  • Bundling with other policies available
  • Offers quotes in person, over phone or online
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Location
529 W. Saginaw Hwy.
Lansing, MI 48933
(517) 482-1316
#4
Payne Insurance Agency
Payne Insurance Agency
Features
  • Offers term and whole life insurance policies
  • Online quote request option
  • Works with network of 18 insurance providers
  • Endorsed as a Trusted Choice® agency
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Location
3410 Belle Chase Way, Ste. 300
Lansing, MI 48911
(517) 321-6624
Great Lakes Independent Insurance Agency
Great Lakes Independent Insurance Agency
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • greatlakesindependent.com
Location
4800 S. Cedar St.
Lansing, MI 48910
(517) 394-4800
Hicks Agency
Hicks Agency
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • thehicksagency.com
Location
428 W. Lenawee St.
Lansing, MI 48933
(517) 977-1265
Lebuda Totte Bray Insurance Agency
Lebuda Totte Bray Insurance Agency
Features
  • M-Th: 8am - 4:30pm
  • F: 8am - 3pm
  • Sat and Sun: By appointment only
Location
1071 Trowbridge Rd.
East Lansing, MI 48823
(517) 336-8000
Al Bourdeau Insurance Agency
Al Bourdeau Insurance Agency
Features
  • M-F: 8:30am - 4:30pm
  • Closed Sat and Sun
  • albourdeau.com
Location
2660 E. Grand River Ave.
East Lansing, MI 48823
(517) 351-4188
TIAA Financial Services
TIAA Financial Services
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • tiaa.org
Location
4660 Hagadorn Rd., Ste. 130
East Lansing, MI 48823
(866) 842-2825
Securian Financial Advisors of the Great Lakes
Securian Financial Advisors of the Great Lakes
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • sfagreatlakes.com
Location
6910 S. Cedar St.
Lansing, MI 48911
(517) 220-6000

How to choose life insurance in Lansing

Lansing Skyline

Life insurance provides financial security to policyholders and their loved ones. The benefit of these policies can be used as:

  • Finances to cover funeral costs
  • Funds to replace the policyholder’s income
  • Savings to pay for children’s education, mortgages and other debts
  • A financial asset that some policies allow you to borrow against

Life insurance policies provide benefits to a person named by the policyholder. This person is typically a spouse or significant other, but benefits can also be awarded to children, siblings, extended family members or close friends.

Types of life insurance available in Lansing

The two most common types of policies in Lansing are term life insurance and whole life insurance. Generally, term life insurance is cheaper but does not have a guaranteed return on investment, and whole life insurance acts as an asset in a balanced financial portfolio. The key features of some of the most common types of life insurance are listed in the chart below.

Common life insurance policies in Lansing

Type of policy Duration Value growth Premiums Additional features
Whole life Life Policy earns interest at fixed rate Constant and set for life Acts a potential investment and may be borrowed against
Term life Usually between 1-30 years Does not grow in value Usually constant for insured term Value only applies during term, once term expires policy loses all value
Universal life Life Variable rate set by insurer Can vary depending on investment component Policy premiums and benefits may be adjusted without creating a new policy
Variable life Life Value determined by pooled investor funds Varies, determined by policyholder Risks involved with investment component
Burial insurance Life Does not grow in value Constant Small policy intended for funeral and burial expenses

The cost of life insurance in Lansing

The type of policy you choose and the amount of the death benefit will impact the price of your monthly premiums. Other factors that will influence the cost of life insurance are:

  • Age
  • Medical history
  • Family medical
  • Alcohol/tobacco use
  • Frequent world travel
  • Dangerous hobbies or profession
  • Driving record

Policies are typically cheapest for young and healthy people because they pose the least risk.

Choosing a life insurance provider in Lansing

Because of the value of life insurance policy, it’s crucial to work with a company you can trust when it’s time to pay benefits. Companies such as MetLife, Prudential Financial, State Farm and New York Life Insurance Group have a long history of stability and offer life insurance policies in Lansing. A few qualities to look for in your potential provider are:

  • A stable financial foundation, which you can verify through independent credit report agencies such as Moody’s and A.M. Best
  • Positive reviews, especially from those who have had to make claims to receive benefits
  • Policies that fit your needs
  • Helpful customer service that provides information without pressure

Don’t ignore your instinct when comparing life insurance providers. If you call to get information and the agent lacks the knowledge to answer your questions, tries to pressure you into buying a policy before you’re ready or provides poor customer service, steer clear. Chances are your beneficiaries will encounter the same when they submit a claim in the future.

Policygenius

Policygenius

Policygenius is an online broker service that lets you explore life insurance policies and compare rates. The company allows you to receive quotes from dozens of insurance companies within a few minutes. There are no aggressive sales tactics and no obligation. Lansing customers love the service’s value and the speedy responses from representatives.

EverQuote

EverQuote

EverQuote is an online insurance broker service that lets you quickly and conveniently receive quotes from multiple insurance providers. The company connects customers with Lansing agents to receive a formal quote. Lansing consumers appreciated the ease of access to the service, but some noted they received numerous calls and emails from insurance companies.

Rathbun Insurance

Rathbun Insurance

The Rathburn Agency has more than 60 years of experience providing life insurance to the Lansing area. The company offers a variety of life insurance policies, and it actively seeks to better the Lansing community by partnering with local businesses and nonprofits on community initiatives. Lansing residents love the company’s courteous agents.

Payne Insurance Agency

Payne Insurance Agency

Payne Insurance Agency strives to be a one-stop insurance agency for the Lansing area. The company lets you request a life insurance quote online, and its agents compare quotes from the providers it works with to find the best life insurance policy for your situation. Lansing customers love the company’s professional and helpful agents..

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