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

By Sa El Published: May 17, 2021

There are many different life insurance companies in California.

With all of the options for free life insurance quotes, it can be hard to know which one is right for you and your family.

I am here to help! 

In this blog post, we will explore the best life insurance companies in California 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 California Life Insurance Companies Below...

Best For No-Medical Exam


lemonade logo large

Lemonade is rated A (Exceptional), and is our #2 recommendation.

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 is the protection against financial loss after death. Life insurance provides a lump sum of cash to someone (the beneficiary) who meets the criteria set by the insured person or group policyholder.

Generally, that is anyone you want so long as they are not considered too risky for coverage.

When I think about life insurance, I always ask myself these 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 and your family decide what choices are best suited for them.

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 CA

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 for a specified period, usually between one year to thirty years, depending on the policy's level.

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

Whole Life Insurance

Whole life insurance pays out a sum certain amount no matter when it happens so long as there has been continuous payment under the contract without lapse or termination during the entire period. This type of policy will pay out a death benefit no matter when they die. It pays dividends over time, unlike term life insurance which only pays during the specified duration.

How Much Is Life Insurance In California?

The average annual life insurance premium in California is $668, or about $55 every month. Rates are higher than the national average by about $37 per year. The cost of life insurance varies depending on your gender, age, and health status.

Compare Life Insurance Quotes In California

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 California Life Insurance Rates Determined?

In California, life insurance rates are determined by a few factors, which include age, gender, health status, tobacco usage, and others.

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 California. 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 California, 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 California's best life insurance companies.

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 California Department Of Insurance?

The best way to contact the California Department of insurance is by phone. You can call them at 1-800-927-4357.

You could also reach them via email at: DOI.ConsumerAffairs@insurance.ca.gov

It's also possible to contact them by mail at:

California Department of Insurance

Consumer Information Division

320 West Fourth Street, Suite 210

Los Angeles, CA 90013-3214

You could also contact them via fax at: (213) 229-0995.

For more information about the California Department of Insurance, you can visit their website at: https://www.insurance.ca.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 California?

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 options for both life insurance with no medical-exam 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 you've found this information helpful and now have a better understanding of the process for getting life insurance in California.

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 California?

The average monthly cost of traditional life insurance in California is $55. The average cost of a term life policy in California is between $12 to $25 per month (depending on the company you choose and the coverage amount.

What is the best life insurance company in California?

The best life insurance company in California is Bestow 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. Bestow offers life insurance in California for as little as $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?

The best type of life insurance is term life insurance. Term life insurance doesn't have any cash value, but it is the cheapest and simplest type of life insurance. Term life insurance can be bought for a specified amount of time or until you reach a specific age, like 65 years old. The cost depends on factors such as your health habits (i.e., smoking) and coverage level.


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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