Expertise.com Homepage

2024

Last updated:

Best Life Insurance Companies in Decatur, IL

Our Recommended Top 11

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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

3255Reviewed

1957Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2815 West White Oaks Drive, Springfield, IL 62704
WebsiteLicense: 9206667

Expertise.com Rating

Why choose this provider?

Daton Kaisner is a State Farm insurance agent serving clients in Decatur. He assists them in choosing suitable home insurance, auto insurance, renters insurance, and life insurance for their needs. In addition, he also helps small business owners with their business insurance needs. Daton has been a State Farm agent since 2008. He is also an IL Army National Guard veteran and an active supporter of the Springfield Art Association, Military Veterans, and the Mini O’Beirne Crisis Nursery.

  • Life Insurance
  • Health Insurance

3000 Happy Landing Drive, Decatur, IL 62711
WebsiteLicense: 3000491996

Expertise.com Rating

Review Sources

Facebook
5.0 (8)

Why choose this provider?

Blue Oak Insurance Agency is an independent insurance agency that provides insurance services to residents and businesses in Decatur and the surrounding communities. It represents multiple carriers that offer a variety of insurance packages. It carries life insurance plans like universal life, whole life, term life, and group life insurances. Additionally, it provides business insurance packages like general liability insurance, commercial property insurance, and workers’ compensation insurance. It specializes in life, auto, home, and business insurance.

  • Life Insurance
  • Health Insurance

500 West Main Street, Decatur, IL 62522
WebsiteLicense: 1490455

Expertise.com Rating

Review Sources

Google
4.0 (11)
Facebook
4.0 (4)

Why choose this provider?

Agency One Insurance & Real Estate is a locally owned and operated agency that delivers a broad range of insurance products and solutions in Decatur. It specializes in life, health, commercial, motorcycle, and renters' insurance. Its team of independent agents also handles annuities and provides policy coverage for automobiles, medical supplements, and boats. Agency One Insurance & Real Estate has over 30 years of experience in the industry. It has been catering to the community for more than 20 years.

  • Life Insurance
  • Health Insurance
  • Whole Life Insurance

2805 North Jasper Street, Decatur, IL 62526
WebsiteLicense: 100286037

Expertise.com Rating

Review Sources

Google
5.0 (8)

Why choose this provider?

The Floyd Insurance Agency is an insurance agency that serves clients in Decatur. It offers life insurance products such as individual life insurance, group life insurance, fixed annuities, final expense insurance, and mortgage protection insurance. As an independent agency, it represents multiple insurance carriers and covers other insurance products such as car, home, business, commercial, and health insurance. The Floyd Insurance Agency was established in 1970. It is a family-owned business and is currently operated by second-generation family members.

  • Life Insurance

122 West Prairie Avenue, Decatur, IL 62523
WebsiteLicense: 100304320

Expertise.com Rating

Review Sources

Google
4.0 (18)

Why choose this provider?

Located in Decatur, Sams/Hockaday & Associates, Inc., is a privately held insurance company that provides life insurance policies to senior clients. It helps seniors pay for outstanding debts, cover long-term care costs, replace income, cover funeral costs, and leave a legacy. Its life insurance plans are available for policyholders up to 85 of age, with the ability to accrue cash over time that can be accessed when needed. The company has been serving local seniors, focusing on Medicare insurance and retirement planning since 1981.

  • Life Insurance
  • Health Insurance

106 East North Street, Stonington, IL 62567
WebsiteLicense: 2160302

Expertise.com Rating

Why choose this provider?

Likes Insurance is a full-service insurance agency that services Decatur and its neighboring areas. This independent insurance agency partners with various insurance providers to help clients select plans that meet their specific needs. One of the products it offers is life insurance plans. Its agents advise clients regarding policies that can take care of their family's needs after death, such as debt repayment, funeral expenses, and daily living costs. Additionally, Likes Insurance offers personal, farm and crop, and Medicare insurance plans.

  • Life Insurance

North State Highway 121, Mount Zion, IL 62549
WebsiteLicense: 100287732

Expertise.com Rating

Review Sources

Google
4.0 (20)

Why choose this provider?

Gibson Insurance Agency, Inc., is an independent insurance agency that helps Decatur clients in covering expenses related to their families, residential properties, and businesses. Its agents are experienced in tailoring coverage solutions for life insurance, healthcare plans, and personal legal liabilities. The agency also works to insure hobby farms and protect commercial agriculture areas against the risk of crop loss caused by weather and pest problems. Gibson Insurance Agency is a family-owned company that has been operating since 1967.

  • Life Insurance

1625 South 6th Street, Springfield, IL 62703
WebsiteLicense: 100785994

Expertise.com Rating

Review Sources

Google
5.0 (269)
Facebook
5.0 (92)

Why choose this provider?

Bailey Family Insurance is a family-owned and veteran-owned independent insurance agency that serves the residents of Decatur. It offers life insurance as well as long-term care insurance, disability insurance, and annuities. Bailey Family Insurance is a member of the Strategic Insurance Agency Alliance, Valley Insurance Agency Alliance, Independent Insurance Agents of Illinois, and Greater Springfield Chamber of Commerce. Co-founder and president Mark Bailey has been working in the insurance industry for more than 10 years.

  • Life Insurance

636 West Imboden Drive, Decatur, IL 62521
WebsiteLicense: 100689345

Expertise.com Rating

Review Sources

Google
5.0 (36)
Facebook
5.0 (11)

Why choose this provider?

Richland Insurance Services, Inc., is a locally owned insurance company that helps clients in Decatur find the best policy for their life insurance needs. The independent insurance company represents several carriers that offer a variety of life insurance options for private individuals and group clients. These include term life, universal life, and whole life insurance policies. Its insurance agents also handle health, disability, and long-term care insurance packages. The company was established in 2014 by a husband-and-wife tandem Toby Koonce and Shane Major.

  • Life Insurance
  • Individual Plans
  • Long Term Care

3350 North Water Street, Decatur, IL 62526
WebsiteLicense: 100665542

Expertise.com Rating

Review Sources

Google
5.0 (1161)
Facebook
5.0 (7)
Yelp
4.5 (3)

Why choose this provider?

Melanie Schelling has been a StateFarm insurance agent for more than 20 years, serving the residents of Decatur and the surrounding areas. She offers life insurance options such as term life, whole life, and universal life policies. Melanie can also assist clients looking for auto, home, and health coverage. Under her commercial line, she carries coverage against liabilities, damages, and workers' compensation. Melanie is a mother to three daughters and a former foster mom to 10 more kids.

  • Life Insurance
  • Health Insurance

3270 North Woodford Street, Decatur, IL 62526

Expertise.com Rating

Review Sources

Google
4.0 (1)
Facebook
5.0 (1)

Why choose this provider?

Senior Insurance Quote is an advisor and resource company for seniors in Decatur. It has been specializing in Medicare services for over 45 years and has been providing services for Medicare Supplement, Medicare Advantage Plans, and Medicare Part D drug plans. As an independent insurance agency, it represents 35 different insurance carriers and offers other products such as life insurance, long-term care, final expense plans, and annuities. Furthermore, it has dental, hearing, and vision insurance as well as cancer care options.

  • Life Insurance
  • Whole Life Insurance
  • Term Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Daton Kaisner
2815 West White Oaks Drive, Springfield, IL 62704
Blue Oak Insurance Agency
3000 Happy Landing Drive, Decatur, IL 62711
Agency One Insurance & Real Estate
500 West Main Street, Decatur, IL 62522
The Floyd Insurance Agency
2805 North Jasper Street, Decatur, IL 62526
Sams/Hockaday & Associates, Inc.
122 West Prairie Avenue, Decatur, IL 62523
Likes Insurance
106 East North Street, Stonington, IL 62567
Gibson Insurance Agency, Inc.
North State Highway 121, Mount Zion, IL 62549
Bailey Family Insurance
1625 South 6th Street, Springfield, IL 62703
Richland Insurance Services
636 West Imboden Drive, Decatur, IL 62521
Melanie Schelling
3350 North Water Street, Decatur, IL 62526
Senior Insurance Quote
3270 North Woodford Street, Decatur, IL 62526

FAQs

  • How does smoking tobacco or cigarettes impact life insurance in Decatur?

    It will affect your life insurance rates; your premium will be higher than that of non-smokers. If you only smoke occasionally, you may get a better rate than if you smoke everyday. Some Decatur insurers would offer to lower your premium if you quit smoking for a certain period. The best way to get preferred rates is to stop smoking and stay healthy.

  • What happens if the insured dies during the two-year contestable period of the life insurance policy in Decatur?

    The policy application will be reviewed for accuracy and any intentional discrepancies. If everything goes well, the claim should be paid out. On the other hand, if there is a material misrepresentation in the application, it may be grounds for the Decatur insurer to reduce the death benefit payout or void the policy altogether. The premiums will be reimbursed if the policy is canceled, but the death benefit will not be paid.

  • Does your dead husband’s ex-spouse have a claim to his life insurance benefits in Decatur?

    An ex-spouse is automatically removed as a beneficiary of life insurance policies after divorce in Decatur. However, an ex-spouse may be reinstated as a beneficiary in three instances and be able to claim benefits:

    • The divorce decree designated the ex-spouse as a beneficiary
    • The insured redesignated the ex-spouse as beneficiary after the divorce.
    • The ex-spouse was designated a beneficiary in trust to receive insurance proceeds for the insured’s child.

    These are stipulated under Illinois Statutes Chapter 750 Section 5/503 (b-5)(2).

  • What exclusions are common in life insurance policies in Decatur?

    Most life insurance companies in Decatur would not pay death benefits if the insured died by suicide within two years of the policy issuance. Another typical exclusion is death due to war, including war-related deaths during military or naval service. Aviation-related deaths are also excluded from life insurance policies, except if the insured was a fare-paying passenger riding a scheduled flight with a commercial airline.

  • How soon can you expect a life insurance claim to be paid by the insurer in Decatur?

    According to Illinois Statutes Chapter 215 Section 5/224(j), the insurance company in Decatur should pay the death benefit within two months of receiving the proof of death. If the insurance proceeds payment is not settled within 30 days, the insurer must pay any interest that the proceeds earn until the time payment is made.

  • 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.

Related Articles

FeaturedKeyboard with Node Graphic

Young Americans Rushed to Buy Life Insurance During the Pandemic & Now Over 20% Regret It

An Expertise.com survey revealed how many young Americans rushed to buy life insurance during the pandemic & are now regretti...

Featured6 Best Life Insurance Companies of 2023 Hero Image

6 Best Life Insurance Companies of 2023

Our top pick for the best life insurance company of 2023 is MassMutual, which features a wide variety of policies and riders ...