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Best Life Insurance Companies in Hawaii

Our Recommended Top 8

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Our goal is to connect people with the best local professionals. We scored Hawaii 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.

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8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Facebook
5.0 (8)
Google
5.0 (6)
Yelp
3.5 (3)

Why choose this provider?

ACW Insurance, Bonding & Employer Solutions strives to provide innovative solutions that fit the needs of individuals and businesses in Hawaii. It offers whole and term life insurance products and develops personalized plans for clients. Additionally, it has insurance products for automobiles, commercial properties, and homes. Health, earthquake, and flood insurance policies are available. The firm extends its services to California, Washington, Arizona, and Oregon residents. Its client base includes restaurant owners, property managers, artisan contractors, and attorneys.

  • Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Why choose this provider?

Analipo Insurance Services LLC is an independently owned and operated agency that serves clients throughout the state of Hawaii. It offers different types of life insurance plans, including universal, whole, and term life policies. These plans help cover clients' final expense costs, outstanding mortgage and credit card debt, and their children’s education costs. Other products offered include health and long-term care insurance and annuities. Owner Matt Casabar has been working in the insurance industry for over 17 years.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Facebook
5.0 (26)

Why choose this provider?

New York Life Hawaii caters to clients across the state. The agency assists individuals in supplementing their retirement income through life insurance products. It maintains a website that contains tools like financial calculators to guide clients with their decision-making. The agency also helps individuals prepare for retirement through immediate or tax-deferred fixed annuities. One of its senior partners, Sayaka Glaser, holds designations like Life Underwriter Training Council Fellow and Chartered Financial Consultant. She is fluent in Japanese.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Yelp
5.0 (2)
Google
5.0 (1)

Why choose this provider?

Hamada Financial Group, LLC, helps clients throughout Hawaii determine which insurance product meets their objectives. It offers term, whole, universal, survivorship, long-term care, and disability life insurance plans. Financial services, like annuities, estate planning, asset protection, income tax navigation, and 401k and IRA rollovers, are also available. In addition, the company addresses the financial needs of business owners by guiding them through succession planning, funding buy-sell agreements, and executive benefits. The team is licensed in different states, such as Arizona, California, and Florida.

  • Life Insurance
  • Term Life Insurance
  • Whole Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Google
4.1 (23)
Facebook
5.0 (11)
Yelp
2.6 (5)

Why choose this provider?

Aloha Insurance Services is an independent agency established in 2000. It offers term and whole life insurance policies, allowing Hawaii residents to leave an inheritance to their heirs, establish a source of savings, make significant charitable contributions, and finance their final expenses if they pass away. It also provides auto, health, watercraft, flood, business, and workers' compensation insurance to individuals and businesses. Since its inception, Aloha Insurance Services has worked with more than 6,500 clients.

  • Life Insurance
  • Individual Plans
  • Health Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Google
5.0 (6)

Why choose this provider?

Jamie Peacock is an independent agent working with Insurance Associates. Serving clients in Hawaii, he offers life insurance options for families, key employees, and business owners. He provides personal insurance coverage for homeowners, condo owners, automobiles, and motorcycles. He also assists commercial clients with general liability, workers' compensation, builder's risk, and employee dishonesty policies. Jamie has been in the insurance industry since 2006. He previously worked as the regional vice president for the Fringe Benefit Group from 2009 to 2012.

  • Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Review Sources

Google
5.0 (52)
Facebook
5.0 (5)
Yelp
5.0 (2)

Why choose this provider?

Cheryl Kim is a Hawaii-based State Farm insurance agent who has been serving the community since 2008. She offers life insurance plans and other types of policies for individuals, families, assets, and businesses. The products she crafts include health, pet, auto, business, and fire insurance plans. Kim leads a team that has more than a century of combined industry experience. In addition to insurance plans, they handle financial services involving mutual funds, banking, and annuities.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving Hawaii
Hawaii

Expertise.com Rating

Why choose this provider?

Advanced Life Insurance Strategies, Inc. is a multi-generational firm that provides specialized insurance and financial services to individuals, families, and companies in Hawaii. It offers life insurance plans under its wealth management services for a wide range of personal, business, and charitable situations. Its wealth management services also include business continuation and estate planning and wealth transfer. The firm handles investment management services including retirement planning, and employee benefits as well. Advanced Life Insurance Strategies, Inc. is a member of M Financial Group.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
ACW Insurance, Bonding & Employer Solutions
Hawaii, HI
Analipo Insurance Services LLC
PO Box 689, Hawaii, HI 96750
New York Life Hawaii
841 Bishop Street, Suite 1900, Hawaii, HI 96813
Hamada Financial Group, LLC
841 Bishop St., Suite 1900, Hawaii, HI 96813
Aloha Insurance Services
75-5931 Walua Rd, Hawaii, HI 96740
Jamie Peacock
2811 Ohina St, Hawaii, HI 96753
Cheryl Kim
65-1230 Mamalahoa Hwy Suite C13, Hawaii, HI 96743
Advanced Life Insurance Strategies, Inc
707 Richards St., Suite 711, Hawaii, HI 96813

Hawaii Life Insurance FAQs

  • Is there a minimum life insurance coverage requirement for the residents of Hawaii?

    There are no set rules for determining the exact amount of life insurance coverage required in Hawaii. However, some consumer groups suggest coverage equal to five times one's annual income, especially for those with familial duties. Following this guideline, someone earning $40,000 might consider a $200,000 policy. Conversely, certain insurance sectors propose coverage of ten times the annual salary. It's crucial to assess individual needs.

  • What happens to a Hawaiian's life insurance policy if they can't pay their premium due to unforeseen expenses?

    If life insurance premiums are not paid in Hawaii, the outcome depends on the form of policy. For term policies, coverage will lapse. Permanent policies offer multiple routes: cashing out to access savings but losing coverage, or utilizing reduced paid-up options to forgo premiums for diminished death benefits. Lapsed policies might be reinstated within five years, though conditions like a health check and back payment with interest typically apply.

  • What are the tax implications for Hawaiians regarding life insurance payouts and benefits?

    Life insurance interest and dividends are tax-deferred in Hawaii. Withdrawals are not taxed until they exceed the premiums paid. Meanwhile, loans made against the insurance are tax-free and borrowed amounts in excess of premiums become taxable when the policy expires. Death benefits are free from federal income tax, but certain conditions might make them liable for estate taxes. Consulting a tax professional for clarity is advisable.

  • Why might Hawaiians consider purchasing life insurance for their children, and what priorities should they have?

    For Hawaiians, the primary motivation behind life insurance is to offset income loss or cover death-related expenses. While children don't contribute income, their passing can lead to significant funeral costs. Additionally, securing a policy can ensure future insurability despite potential health issues. Some use it as a financial education tool, transferring whole life insurance ownership at 21. However, experts advise prioritizing insurance for parents, especially income earners, before insuring children.

  • How do Hawaii's regulations address timely claim payments and interest on life insurance policies?

    In Hawaii, insurance providers must disburse life insurance claims to beneficiaries within an undefined, reasonable timeframe. While the term isn't specifically defined, providers settle within a month after receiving death proof. Delays can lead to penalties against the insurer. Additionally, to promote timely settlements, interest starts accruing on unpaid benefits from the insured person's date of death.