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2024

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Best Life Insurance Companies in Peoria, IL

Our Recommended Top 13

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Peoria Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

5066Reviewed

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13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1200 East Glen Avenue, Peoria Heights, IL 61616
WebsiteLicense: 100302125

Expertise.com Rating

Review Sources

Facebook
3.0 (29)
Google
4.0 (24)
Yelp
1.0 (1)

Why choose this provider?

Pearl Insurance offers life insurance solutions to its clients in Peoria and the surrounding communities. With over 65 years of industry experience, the business navigates the market and shops for life insurance programs on behalf of customers. Its agents create plan features and quotes from multiple carriers that align with clients' financial goals. Pearl Insurance offers voluntary and group life plans that safeguard beneficiaries from future financial distress. Gary Pearl was appointed as CEO in 1998 after the passing of company founder Jack Pearl.

  • Life Insurance
  • Health Insurance

1715 West Woodside Drive, Dunlap, IL 61525
WebsiteLicense: 100302258

Expertise.com Rating

Review Sources

Google
5.0 (4)
Facebook
5.0 (1)

Why choose this provider?

Hecht Stout Insurance is an independent agency providing services in Peoria and the surrounding areas. It offers personal solutions such as life, health, home, and earthquake insurances. It also handles general and specialty business insurances such as business owner's policy, life and accidental death and dismemberment insurance, and commercial umbrella insurance. The agency has a 24/7 client center to assists clients in cases of emergencies. Hecht Stout Insurance has been in operation for about 65 years.

  • Life Insurance
  • Individual Plans

2405 North Main Street, East Peoria, IL 61611
WebsiteLicense: 819100

Why choose this provider?

Hahn Financial Services is a financial services agency that serves clients in the Peoria area. It offers life insurance policies, as well as automobile, disability income, and long-term care. It also provides customized financial planning, money management, and college funding strategies through Voya Financial Advisors. The company aims to educate clients about financial matters and help them make decisions regarding their future financial plans. The agency's financial planner, Kenneth A. Hahn, has been in the industry since 1989.

  • Life Insurance
  • Health Insurance

212 North Main Street, Morton, IL 61550
WebsiteLicense: 100304371

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

The Schaffnit Group offers life insurance solutions to clients in Peoria. The company has been in the industry for over three decades, providing group benefit services, which include life, health, and dental insurance, in addition to disability and employee-assistance programs. It also offers home, auto, long-term care, and Medicare Supplements. Its president, Doug Schaffnit, is a Professional Planning Consultant. Schaffnit also holds licenses for both Series 7 and 63 and is a member of the Morton Chamber of Commerce.

  • Life Insurance

604 East War Memorial Drive, Peoria, IL 61614
WebsiteLicense: 2142273

Expertise.com Rating

Review Sources

Google
4.6 (114)
Facebook
4.0 (78)
Yelp
2.0 (3)

Why choose this provider?

Jeff Burtis is a State Farm insurance agent serving the Peoria community. Since 1998, he has been providing term, whole, and universal life insurance coverage options to individuals who want to secure their future. The policies are also available for small businesses for different purposes such as business continuation, key employees, employee benefits, and key employee incentives. Clients can file a life insurance claim by phone or online. Burtis and his team also offer auto, health, and pet insurance.

  • Life Insurance

100 South Main Street, Mackinaw, IL 61755
WebsiteLicense: 100299855

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Henderson Weir Agency, Inc. is an independent insurance agency in Mackinaw that offers insurance and financial services to clients of the Peoria metro. The company is composed of three insurance professionals: Bill Embry, Tim Weir, and Chad Hovey who have over 50 years of combined industry experience. It offers life insurance products such as term and permanent life insurance plans that help policyholders claim financial compensation upon death. The death benefits can also be used as liquid assets for debt payments, mortgage payments, and educational payments.

  • Life Insurance

632 West Jefferson Street, Morton, IL 61550
WebsiteLicense: 100294559

Expertise.com Rating

Review Sources

Google
4.0 (13)
Facebook
5.0 (2)

Why choose this provider?

Kuhl Insurance offers a range of personal insurance solutions to Peoria residents. The independent insurance agency carries life, automobile, home, and long-term care insurance plans. Its professionals help business owners assess their existing premiums and coverage limits and recommend ways to increase their coverage packages and reduce financial risks. Kuhl Insurance also provides commercial insurance products, including inland marine, crime, and general liability insurance. Phil Kuhl established the company in 1979 and helped start the Morton Community Foundation.

  • Life Insurance

926 Southwest Adams Street, Peoria, IL 61602
WebsiteLicense: 100303471

Expertise.com Rating

Why choose this provider?

Integrated Insurance & Risk Management, Inc. is an insurance agency is located in Peoria and is owned by Robert Scott and John Murphy. The company offers a wide array of products to multiple industries like rent-to-own organizations, hospitality businesses, as well as general health and personal life insurance. The services IIRM offers include commercial insurance, surety bonds and financial guarantees, employee benefits, financial and estate conservation, and personal insurance. The agency is also offering some specialized products like RTO, which is managed by Scott, and customized accident and health plans.

  • Life Insurance
  • Health Insurance

100 Hillcrest Drive, Washington, IL 61571
WebsiteLicense: 100302944

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

Trovillion & Co. Insurance is a veteran-owned independent insurance agency catering to Illinois locals in the Peoria and Washington areas. It offers highly anticipative and exhaustive life insurance packages—with options for term, whole, and universal life insurance—that are adaptable to changing lifestyles. It was founded in 1981 by Charles Trovillion, an accomplished underwriter and sales specialist who aims to exercise his expertise at an elevated platform. Additionally, Charles runs a non-profit adult day care program to provide an alternative to nursing facilities.

  • Life Insurance
  • Health Insurance

1 North 7th Street, Pekin, IL 61554
WebsiteLicense: 2157019

Expertise.com Rating

Review Sources

Google
4.0 (10)

Why choose this provider?

Monge, Crouch & Mahoney is a team of insurance and financial advisors that offers insurance products and services to clients in Peoria. The company was formed in 1952 and has since provided personal and business insurance products through its roster of A-rated insurance partners. It offers life insurance products such as individual life insurance, disability insurance, mortgage protection insurance, key person insurance, and long-term care insurance policies. It also offers specialty personal lines such as identity theft protection and data backup insurance.

  • Life Insurance
  • Health Insurance
  • Long Term Care

4930 North Executive Drive, Peoria, IL 61614
WebsiteLicense: 100303252

Expertise.com Rating

Review Sources

Google
4.0 (2)

Why choose this provider?

The I.S.I. Companies have been serving families, individuals, and businesses throughout the community of Peoria since 1984. The business provides insurance services that include health, annuities, and individual & group life insurance. It also offers consulting and financial services in retirement planning, employee benefits, business insurance, charitable giving, and estate planning. Its president and CEO, Frank Mooney, has been active in the industry for more than 45 years and is an Agency Management Training Council graduate.

  • Life Insurance

1333 El Camino Drive, Pekin, IL 61554
WebsiteLicense: 241085

Expertise.com Rating

Why choose this provider?

For more than 40 years, Annuity National Brokerage Co. has served the insurance needs of individuals, families, and businesses in Peoria and the surrounding communities. It offers a variety of insurance packages from well-known insurance companies that clients can choose from. It carries life insurance plans like single premium life, whole life, flexible life, indexed universal life, and level premium life. Additionally, it provides commercial and group insurance packages for business clients. It was founded by Paul Cross in 1978.

  • Life Insurance

4701 North University Street, Peoria, IL 61614
WebsiteLicense: 100302750

Expertise.com Rating

Review Sources

Google
4.0 (10)
Facebook
5.0 (8)

Why choose this provider?

Nixon Insurance Agency offers insurance solutions to individuals, families, and businesses in Peoria. It assists clients in shopping for life insurance policies, including options for whole life and term life coverages. It provides clients with tools that guide them in building life, health, and disability insurance coverages. It offers policies that secure clients' homes, properties, cars, and businesses. Its health insurance options include individual, family, short-term, and small group health coverages. The agency operates with over 50 years of experience.

  • Life Insurance
  • Health Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Pearl Insurance
1200 East Glen Avenue, Peoria Heights, IL 61616
Hecht Stout Insurance
1715 West Woodside Drive, Dunlap, IL 61525
KENNETH HAHN, CFP, CLU, ChFC, LUTCF
2405 North Main Street, East Peoria, IL 61611
The Schaffnit Group
212 North Main Street, Morton, IL 61550
Jeff Burtis
604 East War Memorial Drive, Peoria, IL 61614
Henderson Weir Agency, Inc.
100 South Main Street, Mackinaw, IL 61755
Kuhl Insurance
632 West Jefferson Street, Morton, IL 61550
Integrated Insurance & Risk Management, Inc.
926 Southwest Adams Street, Peoria, IL 61602
Trovillion & Co. Insurance
100 Hillcrest Drive, Washington, IL 61571
Monge, Crouch & Mahoney
1 North 7th Street, Pekin, IL 61554
The I.S.I. Companies
4930 North Executive Drive, Peoria, IL 61614
Annuity National Brokerage Co.
1333 El Camino Drive, Pekin, IL 61554
Nixon Insurance Agency
4701 North University Street, Peoria, IL 61614

FAQs

  • In Peoria, how are life insurance policies issued?

    Life insurance policies in Peoria can be issued as either simplified issues or fully underwritten policies. Life insurance service providers only ask applicants about their health status for simplified issue policies. Because carriers have no proof of their health condition, this type of policy is more expensive. Applicants for fully underwritten policies, on the other hand, must submit to laboratory and medical examinations.

  • What factors affect the cost of life insurance in Peoria?

    The cost of life insurance in Peoria is determined by the policyholder's lifestyle and family medical history. They are more likely to pay higher insurance rates if they are adventurous and participate in risky hobbies such as skydiving, or if they have bad habits such as binge drinking and smoking. Their marital status and medical examination results may also have an impact on their premiums.

  • Do you still need to have life insurance even if you have lots of assets in Peoria?

    Yes, even if you have a lot of assets in Peoria, you may still need life insurance because the value of your assets may not be enough to support your family over the years. Furthermore, your assets cannot be easily converted into cash in the event of your untimely death.

  • Can you add funeral and burial expense coverage to your life insurance in Peoria?

    Yes, you can add funeral and burial expense coverage to your Peoria life insurance policy to protect your loved ones from out-of-pocket expenses in the event of your death. This type of whole life insurance covers memorial and burial services. It also covers the costs of urns, cremations, and caskets.

  • What are the reasons why life insurance carriers in Peoria deny claims?

    Life insurance companies in Peoria deny claims if policyholders or claimants do not provide the necessary death benefit requirements or do not file the claim within the contestable timeframe. They will also deny life insurance claims if policyholders lie about their income or provide incorrect information about their job or medical history.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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