The Best Life Insurance Companies In Wisconsin | No Medical Exam!

By Sa El Published: May 20, 2021

What life insurance company has the top life insurance policy in Wisconsin? Which one should you choose? Well, it's tough to say. All of them offer some kind of unique benefits and will serve your needs differently.

The tricky thing with life insurance is finding an affordable option to fit your needs and budget when many companies are on the market.

But don't worry, we've done the work for you and picked the top life insurance companies for you to review.

We also cover how life insurance premiums are calculated in WI.

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 Wisconsin 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?

Keeping it simple, life insurance is an agreement between you and a life insurance company. You make premium payments, and they pay out if you pass away. 

The main purpose of life insurance is to provide for your family and loved ones financially if you have an untimely death.

Life insurance can cover financial needs like funeral costs, outstanding debt or mortgage payments, and college tuition.

While no one likes to think about life insurance, it's a necessary protection for many people, especially those with families.

Life insurance is typically broken down into different types: term life insurance (the most common) and then 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 WI

The most common question customers ask is, "What type of life insurance should I get?" There are two main types of life insurance: term and whole life insurance; we discuss them each below:

Term Life Insurance 

Term life insurance is the most affordable life insurance option for almost everyone.

You will be covered for a set time (usually between 10 and 30 years), and then the policy will expire.

Usually, you can get a term life insurance policy with no medical exam required up to $1.5 Million in coverage, or up to $25 Million if you are OK with taking an exam.

Whole Life Insurance

Whole life insurance is a type of permanent life insurance policy that will last for your entire life.

These policies will cost more on a monthly basis compared to term life because as long as you make your monthly premium payments, the policy will eventually payout.

Whole life also builds cash value that you can borrow against (but we don't recommend this option.)

How Much Is Life Insurance In Wisconsin?

The average life insurance premium in Wisconsin is $607 per year or about $51 per month. This is less than the national average by $24 per year. The national average life insurance premium is $631 per year or about $53 per month.

Compare Life Insurance Quotes In Wisconsin

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 Wisconsin Life Insurance Rates Determined?

Life insurance rates in Wisconsin depend on factors like your 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 largest factors when determining your life insurance rates in Wisconsin. 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. Cancer is a leading cause of death in Wisconsin. 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 purchase, 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.

When you're trying to find the best life insurance companies in Wisconsin, it's a good idea to be aware of which factors will and won't affect your rates. 

Looking over this list before applying for coverage can give you a much better understanding of what to expect when reviewing life insurance quotes and coverage benefits. 

INSURANCE WHERE YOU LIVE

Life insurance by state.

How To Contact The Wisconsin Department Of Insurance?

The best way to contact the Wisconsin Department of insurance is by phone at (608) 266-3585 or toll free at (800) 236-8517

You can also reach them via email at: ocicomplaints@wisconsin.gov

You can reach the Wisconsin Department of Insurance at the below mailing address:

Office of the Commissioner of Insurance,
P.O. Box 7873,
Madison, WI 53707-7873

Physical Address:

Office of the Commissioner of Insurance,
125 South Webster Street,
Madison, WI 53703-3474

For more information about the Wisconsin Department of Insurance, you can visit their website at: https://oci.wi.gov/Pages/AboutOCI/OCIAddPhone.aspx

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 Wisconsin?

The fastest way to buy term life insurance in Wisconsin will be through an online life insurance company.

We actually recommend applying to more than one company so that the insurance companies have to fight for your business.

And guess what, you can go from quote to covered in under 5 minutes. 

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 fully underwritten options and or buy life insurance online with no medical exam
  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 found this article helpful and that you now have a clearer understanding of Wisconsin life insurance.

To get started, all you need to do is click here or on any of the above buttons to request quotes. 

You will receive an instant quote so that you can compare rates and get covered today.

Frequently Asked Questions


How much does life insurance cost per month in Wisconsin?

The average cost of life insurance in Wisconsin is $51 per month and the average monthly cost of a term policy will be between $28 and $51. Costs vary based on age, location, health status, or employment as well as the amount of coverage you are seeking.

What is the best life insurance company in Wisconsin?

Bestow is the best life insurance company in Wisconsin because they offer competitive rates, fast coverage and can cover you for up to $1.5 Million with affordable premiums 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. 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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