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2024

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Best Life Insurance Companies in Alameda, CA

Our Recommended Top 7

We did the research for you!

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  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Alameda 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.

3489Reviewed

2096Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

490 Grand Avenue, Oakland, CA 94610
WebsiteLicense: 0E11660

Expertise.com Rating

Review Sources

Google
4.0 (28)
Yelp
4.0 (8)

Why choose this provider?

Jessica Hebert is a State Farm insurance agent who serves the Alameda community. She offers term, whole, and universal life insurance coverage options to help individuals secure the future of their families. The policies are also available for small businesses which can be utilized for different purposes such as business continuation, key employees, employee benefits, and key employee incentives. Herbert and her team also offer auto, health, and property insurance. In addition, they assist their clients' banking needs. Services in Spanish are also available.

  • Life Insurance
  • Health Insurance

1767 16th Street, Oakland, CA 94607
WebsiteLicense: 0132958

Expertise.com Rating

Review Sources

Yelp
4.0 (10)
Google
4.0 (6)
Facebook
5.0 (1)

Why choose this provider?

Founded in 1955, David E. Quan Agency, Insurance Brokers, Inc., is an independent insurance firm that provides life, property, and casualty policies to clients in Alameda and the surrounding communities. The company helps individuals choose among an array of life insurance policies such as term life, whole life, and universal life. In addition, it specializes in other insurance coverage, including cyber liability, restaurant, lessors' risk, and business owners. David E. Quan Agency partners with regional and national insurance carriers to customize policies according to clients' needs.

  • Life Insurance

1100 Peach Street, Alameda, CA 94501
WebsiteLicense: 0701575

Expertise.com Rating

Review Sources

Google
5.0 (1)
Facebook
5.0 (1)

Why choose this provider?

Hartman Insurance is an insurance brokerage that has been serving clients in Alameda since 1986. It offers a range of risk management solutions, including health and life insurance as well as dental, vision, and long-term care policies. Additionally, it provides disability coverage, Medicare Supplement plans, and annuities. The brokerage is led by Harry Hartman, who is a member of the National Association of Insurance and Financial Advisors. He has also served as a volunteer for the American Red Cross for more than 25 years.

  • Life Insurance
  • Health Insurance

3560 Grand Avenue, Oakland, CA 94610
WebsiteLicense: 0M13985

Expertise.com Rating

Review Sources

Google
4.8 (129)
Yelp
3.5 (87)
Facebook
4.5 (52)

Why choose this provider?

Ruth Stroup Insurance Agency provides life insurance products to clients in Alameda. Its owner, Ruth Stroup, helps clients choose from different life insurance policies, including term, whole life, indexed universal, and variable universal. She also assists clients who need other types of personal insurance, such as homes, automobiles, umbrellas, and renters. With over 15 years of experience in the industry, she also caters to clients looking for commercial insurance services. These include worker's compensation, fidelity bonds, general liability, and event insurance.

  • Life Insurance

2413 Webb Avenue, Alameda, CA 94501
WebsiteLicense: 0G80281

Expertise.com Rating

Review Sources

Yelp
5.0 (72)
Google
5.0 (2)
Facebook
4.0 (2)

Why choose this provider?

Caffrey Insurance Solutions is a family-founded employee benefits brokerage firm that provides life insurance services and other insurance coverage to individuals, small groups and businesses, and seniors in and around the Alameda metro. It also specializes in health insurance and offers other products such as Medicare, travel insurance, small business insurance, as well as ancillary coverages, including dental, vision, and disability. Lynn Caffrey, the founder of Caffrey Insurance Solutions, is an industry veteran with 42 years of experience.

  • Health Insurance

2115 MacArthur Boulevard, Oakland, CA 94602
WebsiteLicense: 0D15372

Expertise.com Rating

Review Sources

Google
4.0 (14)

Why choose this provider?

Grantland Bailey is a State Farm agent that has been serving clients in Alameda and its surrounding areas for more than 19 years. He provides various insurance products that include life, home, auto, health, and property. He also works with small business owners for their business insurance. Bailey's goal is to protect the client's assets and family through insurance and financial planning. In addition, the agency's team of professionals also gives back to the community by volunteering in local schools and chambers of commerce.

  • Life Insurance
  • Health Insurance

212 9th Street, Oakland, CA 94607
WebsiteLicense: 0729204

Expertise.com Rating

Why choose this provider?

KHL Financial & Insurance Services is an independent insurance agency serving the Alameda community. Since its founding by Thomas Lim in 1987, the agency has served the insurance needs of the Chinese-speaking community in the Bay Area. The agency has access to a network of over 40 insurance carriers, which is utilized by its agents in order to find a suitable insurance plan for clients. Reviews of existing policies are also provided to determine if it still fits the client's needs.

  • Life Insurance
  • Health Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Jessica Hebert
490 Grand Avenue, Oakland, CA 94610
David E. Quan Agency, Insurance Brokers, Inc.
1767 16th Street, Oakland, CA 94607
Hartman Insurance
1100 Peach Street, Alameda, CA 94501
Ruth Stroup Insurance Agency
3560 Grand Avenue, Oakland, CA 94610
Caffrey Insurance Solutions
2413 Webb Avenue, Alameda, CA 94501
Grantland Bailey
2115 MacArthur Boulevard, Oakland, CA 94602
KHL Financial & Insurance Services
212 9th Street, Oakland, CA 94607

FAQs

  • What is the contestability period of your life insurance in Alameda?

    The contestability period of your life insurance in Alameda is two years from the first payment of your policy. During this time, if the policyholder passes away, your insurance company has the right to deny any death benefit claim if they find any misrepresentation or incorrect data in your policy.

  • Is there a difference between fixed and variable annuities in Alameda?

    Yes. In Alameda, if you choose a fixed annuity, you will be guaranteed to earn a specific minimum interest rate. For a variable annuity, you will have control over where to invest your money, such as stocks, bonds, and mortgages. On the other hand, a variable annuity carries a greater degree of uncertainty because the value account can rise or fall depending on market conditions.

  • What factors can affect your decision in determining how much life insurance you need in Alameda?

    Factors that will affect your decision on how much life insurance you need in Alameda are your marital status, number of children, education needs, personal financial forecast, current credit rating, and how much you can afford to pay. All these factors will play a role in determining the amount of life insurance you may need. You have to ensure that you select a life insurance coverage amount that represents your unique situation without under or over-insuring.

  • Will you have to pay taxes for your life insurance payout in Alameda?

    Life insurance payouts in Alameda and in California are not subject to state income tax. However, you may have to pay federal income tax on the amount that exceeds the policy premium if your beneficiary receives the life insurance payout. Additionally, the IRS will have to determine how much your life insurance tax is based on your insurance type and the total amount of your payout.

  • Can you have multiple life insurance policies in Alameda?

    You can have multiple life insurance policies in Alameda. However, as it will rely on your present age and annual income, you might only be able to obtain a certain amount of total coverage. You could receive life insurance that is between 10 and 30 times your yearly income in total. Furthermore, other kinds of life insurance plans cater to various needs.

  • 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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