The Best Life Insurance Companies In Alabama + Free Quotes! (2021)

By Sa El Published: June 2, 2021

There are many options when it comes to life insurance.

The decision may seem daunting but is necessary for your family's financial well-being in the event of a tragedy. 

I am here to help!

In this blog post, we will explore some of the best life insurance companaaaaies in Alabama so that you can make an informed decision about what company is best for you.

Best Overall


bestow logo

Bestow is backed by A+ rated North American, and is our #1 pick. Their competitive rates and fast approval process earned them the 1st spot.

More Of The Best Alabama Life Insurance Companies Below...

Best For No-Medical Exam


lemonade logo large

Lemonade Life is backed by A+ rated North American, and is our #2 Pick.

Click below to get an accurate quote.

Best For Traditional Term Life


haven life logo large

Haven Life is backed by A+ rated Mass Mutual, and is our #3 recommendation.
Click below to get an accurate quote.

Best For Young Families


fabric life new logo

Fabric is backed by A+ Rated Vantis Life, and is our #4 recommendation. .

Click below to get an accurate quote.

What Is Life Insurance?

Life insurance helps provide financial protection for yourself and your family after you pass away.

Generally, life insurance provides a lump sum of money to someone (the beneficiary) eligible to receive the benefits set up by the insured person or group policyholder.

When thinking about life insurance, it's essential to ask yourself some questions: 

  • What if something happens?
  • Who will take care of my kids?
  • Would it be possible to rebuild our lives from scratch again? 

These three simple questions can help you determine what choices are best suited for you.

But before we even start talking about companies, let's explore some more important topics like the difference between term life and whole life insurance.

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Term Life Vs. Whole Life Insurance In AL

The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

Term Life Insurance 

Term life insurance is usually set for a certain amount of time, between one year to thirty years.

For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

If you were still alive after 20yrs, they wouldn't be eligible for any benefits because your policy would have ended.

Whole Life Insurance

The death benefit from whole life insurance remains constant and does not depend on how old a person is.

It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time. 

How Much Is Life Insurance In Alabama?

The average life insurance premium in Alabama is $602, or about $50 per month. Rates in Alabama are lower than the national average by a little more than $29. Picking up coverage in Alabama depends on your gender, age, and health status, which can all alter how much life insurance costs.

Compare Life Insurance Quotes In Alabama

Seriously, we don't need any contact information to give you quotes, we make it super simple to get instant quotes and fast coverage with our below quoting tool. 

No Personal Info Needed - Get Quotes Instantly

The final insurance policy premium for any policy is determined by the underwriting insurance company following the application.

How Are Alabama Life Insurance Rates Determined?

Life insurance rates in Alabama are determined by a few factors: age, gender, health status, tobacco usage, etc. 

Below we cover the primary pricing factors in more detail:

  • Age - Age will be one of the most significant factors when determining your life insurance rates in Alabama. The younger you are when you purchase coverage, the more affordable it is going to be.
  • Gender - Your gender is going to be the second-largest factor when figuring out your life insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
  • Tobacco Usage - If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in Alabama, and since smoking increases your rates considerably if you smoke, it's probably time to quit. 
  • Coverage Amount - The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
  • Term Length - Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don't let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
  • Current Health - Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different. 
  • Driving Record - Life insurance companies want to know that you aren't a crazy driver. If you have a history of speeding, DUI's or DWI's you could be looking at higher rates or even get declined for coverage.

It's essential to understand what will and won't affect your insurance premiums when trying to find the best life insurance companies in Alabama.

The more of these factors that apply, the more expensive your rates will be. Make sure you understand all of these before committing to a policy and signing papers.

INSURANCE WHERE YOU LIVE

Life insurance by state.

How To Contact The Alabama Department Of Insurance?

The best way to contact the Alabama Department of insurance is by phone at (334) 241-4141.

This number is staffed by the Commissioner's Office and accepts calls from residents in Alabama at all times of day, Monday through Friday from 8 a.m. until 5 p.m., excluding holidays.

You can also reach them by mail at:

Alabama Department Of Insurance
P.O. Box 300022
Montgomery, AL 36130-0022

You can also contact them by fax at: (334) 242-4434 or emailing Commissioner@aldoi.gov.

For more information about the Alabama Department of Insurance, visit their website at: https://aldoi.gov/

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

How To Buy Term Life Insurance In Alabama?

Some sites state it will take between four to eight weeks from start to finish to get covered; however, I can assure you that is no longer the case in 2021.

There are products now that can get you from quote to covered in under 5 minutes and at most a few days.

It's best to compare quotes across multiple insurance companies to ensure you are getting the best rate and the most benefits. We even recommend applying to more than one company so that the insurance companies have to fight for your business.

The application process can be completed in just 4 steps. 

Here's how:

  1. 1
    Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both no medical exam options and fully underwritten options. 
  2. 2
    Choose your life insurance policy. It's time to decide how much coverage you can afford and pick your coverage amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
  3. 3
    Fill out your "real-time" application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application. 
  4. 4
    Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online... That's it; you're covered!

Taking Action

We hope these resources have been helpful and that you now have a clearer understanding of Alabama life insurance.

All you need to do is click here or on any of the above buttons to get started.

You will receive an instant quote so that you can compare rates from top-rated companies today.

Frequently Asked Questions


How much does life insurance cost per month in Alabama?

The average monthly cost of traditional life insurance in Alabama is $50, and the average cost of a term life policy in Alabama is between $25 and $30 for a 30-year term life policy. Costs vary based on your age, health status, occupation, location of residence, or employment, as well as the amount of coverage you are seeking.

What is the best life insurance company in Alabama?

The best life insurance company in Alabama is Bestow. This is because they have some of the best coverage options, affordable premiums and can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

How much is a 500k life insurance policy?

A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam, and a 35-year-old non-tobacco using male could get the same coverage for $33 per month. 

Which type of life insurance is best?

Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.


Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 13 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.


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