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Best Life Insurance Quotes in Milwaukee, WI

Aug. 26, 2019, 5:03 p.m.

No one likes to think about what will happen when they die, but it’s essential to protect your loved ones when the time comes. Life insurance can cover funeral costs, unpaid debts and other expenses that come after you die. Our partners at ConsumerAffairs researched the best life insurance in Milwaukee to help you keep your family financially secure.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. TMJ4 News may receive compensation from our partners. Learn more.

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#1
RECOMMENDED
Policygenius

Apply in 5 minutes!

#1 MOST POPULAR
Policygenius
Policygenius
Features
  • Apply in 5 minutes
  • Free coverage assessment tool
  • Best rates all in one place
  • Available in Milwaukee
Read More
Location
Serves residents in
Milwaukee, WI
(855) 695-2255
#2
EverQuote
EverQuote
Features
  • Works directly with dozens of carriers
  • Fast, free comparision of quotes
  • Largest online marketplace for insurance shopping
  • Available in Milwaukee
Read More
Location
Serves residents in
Milwaukee, WI
(855) 522-3444
#3
Northwestern Mutual
Northwestern Mutual
Features
  • Life insurance calculator
  • More than 6,500 agents nationwide
  • A++ credit rating
  • Affordable coverage
Read More
Location
720 E. Wisconsin Ave.
Milwaukee, WI 53202
(414) 271-1444
#4
Catholic Financial
Catholic Financial
Features
  • Multiple Milwaukee offices
  • Personalized experience
  • Member-owned organization
  • Top rated
Read More
Location
1100 W. Wells St.
Milwaukee, WI 53233
(414) 273-6266
Milenio Insurance Agency
Milenio Insurance Agency
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • milenio-insurance-agency.business.site
Location
2727 W. Cleveland Ave., Ste. A100
Milwaukee, WI 53215
(414) 614-1552
American Family Insurance: Derold Barker
American Family Insurance: Derold Barker
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • agent.amfam.com/derold-barker
Location
2215 E. North Ave., Ste. 1
Milwaukee, WI 53202
(414) 332-8350
Allstate Insurance: Cydny Johnson
Allstate Insurance: Cydny Johnson
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • agents.allstate.com/cyndy-johnson-milwaukee-wi.html
Location
3801 W. Fond Du Lac Ave.
Milwaukee, WI 53216
(414) 445-2558
Allstate Insurance: Andrew McCabe
Allstate Insurance: Andrew McCabe
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • agents.allstate.com/andrew-j-mccabe-milwaukee-wi.html
Location
4010 N. Oakland Ave.
Milwaukee, WI 53211
(414) 961-1166
Schwade Insurance Agency
Schwade Insurance Agency
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • schwadeinsurance.com
Location
8131 W. Capitol Dr.
Milwaukee, WI 53222
(414) 462-5000
American Family Insurance: Marchan Agency
American Family Insurance: Marchan Agency
Features
  • M-F: 9am - 5pm
  • Sat: 9am - 12pm
  • Closed Sun
  • agent.amfam.com/evaristo-marchan/wi/milwaukee
Location
3647 S. Chase Ave.
Milwaukee, WI 53207
(414) 744-2192

How to choose life insurance in Milwaukee

Milwaukee Skyline

Death is often unexpected, and life insurance policies help create financial stability for your family if you pass away. Death benefits from life insurance policies are used to pay for funeral expenses and outstanding debts. The benefits also serve to replace your income for your family and cover living expenses and education costs.

While many people may have a life insurance policy through their employer, that policy may not have a large enough benefit to provide for your family after your death. These policies also usually terminate when your employment ends, which could leave you without life insurance at a time when you’re financially vulnerable.

Types of life insurance in Milwaukee

There are two major types of life insurance available in Milwaukee:

  • Term life insurance is the simplest type of life insurance and pays a benefit if the policyholder dies during the policy term, which is usually between one to 30 years. Most term life policies have a level benefit, which means the benefit remains the same throughout the term, though some have a benefit that decreases each year.
  • Whole life insurance does not expire and pays a benefit whenever the policyholder dies. Most people find these policies ideal as they cover you no matter how long you live. These policies tend to be more expensive than term life insurance, though the premiums are cheaper if you purchase them at a younger age.

There are also variations of life insurance in Milwaukee that may fit your situation. Your insurance agent can help you decide if these policies are right for you.

Type of insurance Characteristics
Universal life insurance A more flexible type of whole life insurance that contains death benefit and cash value components
Accidental life insurance Only provides a benefit if the policyholder’s death is caused by accident
Mortgage and credit life insurance Benefits are used to pay off remaining debts for home or personal loans
Variable life insurance Combines a death benefit and an investment account
Burial insurance A small policy that is used to cover funeral and burial costs and usually requires no medical examination

The cost of life insurance in Milwaukee

Many factors determine if you qualify for a policy and the cost of your premiums. The type of insurance and amount of death benefit will affect the premium. Your insurance provider will also look at your age and medical history. Nicotine use will increase your health risks and reduce your chances of qualifying or raise your premium.

People who have high-risk careers, such as policemen or firefighters, or dangerous hobbies may also pay higher premiums. Insurance companies may also look at your driving record to see if you have a history of speeding or accidents.

Choosing a life insurance provider in Milwaukee

When choosing a life insurance carrier, make sure that the company is financially stable and can pay the policy benefit when your family needs it. Companies like MetLife, Prudential Financial and State Farm have been in the industry for decades and have experienced agents to answer any questions. It’s important to have a carrier that will be there when you need them most.

Policygenius

Policygenius

Policygenius is an online life insurance broker that provides multiple policy options and unbiased advice from noncommissioned agents. The company handles all the paperwork for your life insurance policy at no extra cost. Milwaukee customers appreciate how easy the company makes purchasing life insurance.

EverQuote

EverQuote

EverQuote is an online insurance platform that provides quick and straightforward quotes. The company’s online tool allows customers to find and compare quotes without any obligation. Reviews of EverQuote from Milwaukee customers appreciate how easy the company makes comparing policies, but some people report receiving many phone calls after using the service.

Northwestern Mutual

Northwestern Mutual

Northwestern Mutual is a national company that was founded in Milwaukee. The company has been consistently ranked highly for the quality of its products and services. Northwestern Mutual’s agents tailor each plan to fit your needs. Customers from Milwaukee report the provider’s agents are professional and easy to work with.

Catholic Financial

Catholic Financial

Catholic Financial Life is a not-for-profit financial service provider in Milwaukee with 150 years of experience. The organization prides itself on taking a “Main Street, not Wall Street” approach to services. Milwaukee clients report the organization provides an exceptional level of care and customer service.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.