Life Insurance for Teachers
Life insurance for teachers can be easily attainable. If you are not in a group life insurance program with your coworkers, you can seek an individual policy that is tailored for teachers. MetLife and Prudential are just two of the life insurance companies that tailor policies to teachers. No matter which company you choose, inquire about discount availability.
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Written by
Chris Tepedino
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Reviewed by
Laura Walker
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UPDATED: Apr 6, 2022
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- Term life insurance is usually the better option for teachers
- MetLife and Prudential are two companies that tailor policies to teachers
- You may be able to contact the National Education Association for coverage
Since you’re here with us today you must be looking for life insurance for teachers in your family.
We will compare life insurance quotes for teachers as well as go over discount availability and company ratings.
Before we dive into life insurance for teachers, type your ZIP code into our free and helpful tool above. You will find all of the most affordable life insurance rates in your area.
Table of Contents
Life Insurance Rates for Teachers
What type of life insurance is best for teachers? Just like for anyone else, teachers need life insurance so their families will not be burdened financially upon their passing.
Comparing the different types of term life insurance tends to be a good place to start when it comes to finding an affordable life insurance company for teachers.
This is because term life insurance generally has a much lower life insurance quote than the other main form: whole life insurance.
Term life is generally preferred by younger individuals because it is only temporary. Usually, this is for a duration of 10, 20, or 30 years.
As we said, whole life is more expensive, and that is not an easy expenditure on a teacher’s salary. Furthermore, whole life insurance can be a big decision because the policy lasts until the policyholder’s death.
In short, discuss with your insurance agent what you think you can afford and what you think you need.
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Discounts for Teachers
No matter what your profession is, you should always inquire as to the availability of insurance discounts.
Because teachers live on a limited salary, this is all the more important when searching for affordable life insurance for teachers.
Furthermore, if you do not have group life insurance available to school staff you will have little recourse save for getting an individual policy.
One option you have is to contact the National Education Association (NEA) and inquire as to coverage availability.
There are also companies that tailor policies to teachers. These include MetLife, Horace Mann Educator Corporation, Prudential, and The Hartford.
Let’s wrap up with company ratings and see if you can find your preferred company.
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Life Insurance Company Ratings
When you choose a company, you want to make sure they will be in business for the foreseeable future.
This is where A.M. Best, the Better Business Bureau, and J.D. Power come in. The table below shows these organizations’ ratings for various major life insurance companies.
| Companies | Better Business Bureau (BBB) | A.M. Best | J.D. Power |
|---|---|---|---|
| AIG | A+ | A | 718 |
| AXA Equitable | A+ | A+ | 752 |
| Banner Life | A+ | A+ | N/A |
| Brighthouse | A+ | A+ | N/A |
| Guardian Life | A+ | A++ | 760 |
| John Hancock | A+ | A+ | 739 |
| Lincoln Financial | A+ | A+ | 744 |
| Mass Mutual | A+ | A++ | 780 |
| Metlife | B- | A+ | 780 |
| Mutual of Omaha | A+ | A+ | 766 |
| Nationwide | A+ | A+ | 806 |
| Pacific Life | A+ | A+ | N/A |
| Principal Financial | A+ | A+ | 774 |
| Protective | A+ | A+ | 742 |
| Prudential | A | A+ | 770 |
| SBLI | A+ | A+ | N/A |
| Transamerica | A+ | A+ | 720 |
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Note how two of the companies (MetLife and Prudential) that offer tailored coverage to teachers are on the list. Both companies have a rating of “A+,” which is A.M. Best’s second-highest rating.
In short, you have options when it comes time to buy life insurance for teachers. Type your ZIP code into our free and helpful tool below to find life insurance plans in your area.