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2024

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Best Life Insurance Companies in Springfield, IL

Our Recommended Top 17

We did the research for you!

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

5213Reviewed

3134Curated

17Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

601 North 3rd Street, Riverton, IL 62561
WebsiteLicense: 100302798

Expertise.com Rating

Review Sources

Facebook
5.0 (7)

Why choose this provider?

Buffalo Agency has been offering financial security in and around the Springfield metro for over a century. The company provides comprehensive insurance policies that offer protection for unforeseen events such as funerals and debts. Additionally, this firm has customized insurance policies for families and businesses such as health, Medicare supplements, and auto insurance. This business received a 50-Year Plaque for Outstanding Service and Dedication to Customers. Buffalo Agency has been in the industry since 1892.

  • Life Insurance

2921 Greenbriar Drive, Springfield, IL 62704
WebsiteLicense: 367584

Expertise.com Rating

Why choose this provider?

Dennis P. McCormick, CLU, is a financial advisor in Springfield. He graduated with a bachelor's degree in Marketing and currently works as a specialist in creating plans involving finance, retirement, estate, business valuation, and disability income. Dennis assists his clients in life insurance, whole life insurance, universal life insurance, variable universal life insurance, and term life insurance. He currently works with Jo Deen Roley at Northwestern Mutual Investment Services for more than 22 years.

  • Life Insurance

1037 South 4th Street, Springfield, IL 62703
WebsiteLicense: 2171070

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Google
5.0 (7)
Facebook
5.0 (1)

Why choose this provider?

R. Allan Hamilton is an insurance and financial service agent representing Farmers Insurance Agency in Springfield. He has been serving the Springfield community and nearby areas for over 30 years. His agency provides life insurance policies like term, whole, universal, and variable universal. It also offers auto, home, renter's, motorcycle, recreational, and condo coverage. Allan works with small businesses and provides commercial property, business liability, workers compensation, commercial umbrella, business life, and apartment owner coverage. He has been with Farmers Insurance Agency since 1985.

  • Life Insurance
  • Health Insurance

628 North Chicago Street, Lincoln, IL 62656
WebsiteLicense: 18911959

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Review Sources

Facebook
5.0 (3)

Why choose this provider?

Bryan Clark is a State Farm insurance agent that operates within Lincoln and its nearby communities, including Springfield. Bryan and his staff of insurance professionals can assist clients in finding and acquiring life, health, home, property, and business insurance policies. Moreover, they work to tailor each insurance plan to the client's needs and current circumstances. He holds a Master's Degree in Business Administration and is currently serving as the founder and president of the Hank O. Payne Scholarship Foundation.

  • Life Insurance
  • Health Insurance

2501 Chatham Road, Springfield, IL 62704
WebsiteLicense: 100302449

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Review Sources

Google
5.0 (2)

Why choose this provider?

Lee/O'Keefe Insurance Agency, Inc. is an independent insurance office in Springfield that provides risk management solutions for individuals, families, and businesses. Its insurance agents represent reputable insurance carriers to deliver custom-tailored insurance solutions that meet clients' financial objectives. They offer life insurance plans that safeguard clients' assets and income in the event of the unexpected. Its life insurance plans are final expense, individual life, and mortgage protection insurance. Auto, home, business, and group benefits plans are likewise available.

  • Life Insurance

122 West Prairie Avenue, Decatur, IL 62523
WebsiteLicense: 100304318

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Review Sources

Google
4.0 (18)

Why choose this provider?

Established in 1981, Sams/Hockaday & Associates, Inc., is a full-service agency offering various types of life insurance and investment opportunities to Decatur and its surrounding areas, such as Springfield. It assists seniors with Medicare insurance and retirement planning, ensuring clients make informed decisions about their healthcare coverage. In addition, its life insurance options consist of single pay, term insurance, flexible premiums, and 10-pay or 20-pay. Notable clients include John Hancock, Prudential Financial, Gerber Life, and the American International Group.

  • Life Insurance
  • Health Insurance
  • Long Term Care

707 Carroll Street, Pawnee, IL 62558
WebsiteLicense: 100304452

Expertise.com Rating

Why choose this provider?

Buckeye Insurance Agency, Inc. is an independent insurance agency near Springfield that provides insurance and employee benefits solutions. The firm has been operating for more than 20 years and is committed to crafting tailored insurance strategies for individual and commercial clients. It offers life insurance options, such as term life insurance, whole life insurance, disability insurance, health insurance, and critical illness insurance. In addition, it carries other personal lines like Medicare and retirement insurance plans.

  • Life Insurance
  • Health Insurance

430 East Vine Street, Springfield, IL 62703
WebsiteLicense: 100303671

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Prairie State Insurance Agency, Inc., is a life insurance company that serves clients in Springfield and nearby areas. The firm provides a variety of life insurance options, including whole, term, and universal, to secure its clients and their family members in case of an unexpected event. Aside from life insurance, it also deals with plans for homeowners, farms, and vehicles. In addition, the company has been providing its services to the community since March 1982.

  • Life Insurance

5250 South 6th Street, Springfield, IL 62712

Expertise.com Rating

Review Sources

Google
4.0 (1)

Why choose this provider?

Universal Guaranty Life Insurance Company is a subsidiary of UTG, Inc., which serves clients in Springfield. Since its inception in 1966, Universal Guaranty Life Insurance has been selling individual life insurance plans to families across the Midwest. In 1992, UTG, Inc., acquired the company, authorizing Universal Guaranty Life Insurance to underwrite the insurance policies of UTG. UTG has a history of acquiring life insurance firms, some of which date back to the 1920s. Jimmy Rousey serves as president of both UTG and Universal Guaranty Life Insurance.

  • Life Insurance

430 East Vine Street, Springfield, IL 62703
WebsiteLicense: 100309053

Expertise.com Rating

Review Sources

Google
4.0 (10)

Why choose this provider?

Forsyth Insurance Group, Inc., is an independent insurance company in Springfield that offers customized insurance solutions to customers based on their needs. Its life insurance policies include term and permanent life insurance options. The business also offers health, auto, home, and business insurance programs. Founded in 1946 by Don Forsyth, the agency has 11 support staff and 13 agents available 24/7 to attend to the concerns and needs of its diverse customers.

  • Life Insurance
  • Health Insurance

110 West Walnut Street, Chatham, IL 62629
WebsiteLicense: 100304436

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Review Sources

Google
5.0 (61)
Facebook
5.0 (38)

Why choose this provider?

Waterman-Neely Insurance Professionals Inc is an independent insurance company that serves residential and commercial clients in Springfield and its nearby cities. The company offers a comprehensive range of insurance products and services, including life and health, commercial and supplemental insurance coverage. The company has access to a variety of insurance carriers and brands, granting each client a variety of options for obtaining suitable insurance coverage that meets their needs. Waterman-Neely Insurance Professionals also provide home, auto, and financial services.

  • Life Insurance

2121 West White Oaks Drive, Springfield, IL 62704
WebsiteLicense: 16869923

Expertise.com Rating

Review Sources

Google
4.0 (36)
Facebook
4.7 (18)

Why choose this provider?

Jake Pembrook has been a State Farm agent since 2013. He caters to clients in Springfield who want to apply for temporary or term life insurance services to cover the future expenses of their families. He also offers universal life insurance options for individuals needing coverage for special needs, business, and estate planning services. These options include survivorship and joint universal life programs covering two people for one policy. Additionally, Pembrook carries optional family coverage and flexible care benefits.

  • Life Insurance
  • Health Insurance

2605 North Main Street, Decatur, IL 62526
WebsiteLicense: 2160682

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

Carole Brooker is an insurance agent serving clients in Springfield and nearby communities. Life insurance is among the products Brooker offers for protecting individuals, families, and assets. She has more than 25 years of experience in the industry and continues to be a strategic resource for life insurance options. Carole Brooker works under State Farm, an insurance company that provides a wide variety of insurance products with customized coverage and protection based on its clients' needs.

  • Life Insurance
  • Health Insurance

3040 South Lincoln Avenue, Springfield, IL 62704
WebsiteLicense: 100630373

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Musso Insurance Agency LLC formerly Hannig Insurance Agency provides life insurance to individuals and families living in Springfield and the surrounding areas. This insurance agency also specializes in writing auto insurance plans, including poor driving history, SR-22, high-risk auto, DUI auto, and first-time insurance policies. The agency also provides same-day service. In addition, the professionals at Musso Insurance Agency LLC can provide assistance to clients who are in need of home, business, and farm insurance.

  • Life Insurance

512 South Church Street, Chatham, IL 62629
WebsiteLicense: 100284310

Expertise.com Rating

Review Sources

Google
4.0 (7)

Why choose this provider?

Formea Insurance Group, Inc., is an independent insurance agency that has been in the business since 2003. It caters to individuals, families, and businesses in Springfield. It offers term, universal, and whole life insurance policies, covering burial expenses, mortgage payments, outstanding debts, and uninsured medical bills. Additionally, it provides auto, condominium, flood, home, and renters' insurance products. Tracy Formea, the owner, stays involved in her community by being a member of the Chatham Area Chamber of Commerce and the Greater Springfield Chamber of Commerce.

  • Life Insurance
  • Individual Plans

265 North Broad Street, Carlinville, IL 62626
WebsiteLicense: 100302794

Expertise.com Rating

Review Sources

Facebook
5.0 (12)
Google
5.0 (4)

Why choose this provider?

Goodman Agency, Inc., is an insurance and real estate company headquartered in Carlinville. Serving Springfield and the counties of Greene, Montgomery, and Macoupin, the agency offers a complete range of insurance services. It provides term life insurance and permanent life insurance policies, guiding clients in finding the right coverage for their specific needs. As an independent insurance agency, the company represents numerous insurance companies to provide clients various options. Goodman Agency has been serving clients for over four decades.

  • Life Insurance

321 Pulaski Street, Lincoln, IL 62656
WebsiteLicense: 2155153

Expertise.com Rating

Review Sources

Facebook
4.0 (53)
Google
4.0 (17)

Why choose this provider?

Grieme-Arnold Insurance Agency, LLC. is a family-owned independent insurance agency delivering life insurance solutions to clients in Springfield. It partners with various insurance carriers to offer individuals and families a multitude of options that can fit their needs and budget. In addition to policy selection, the agency helps clients through the entire claims process. Grieme-Arnold Insurance Agency is a member of the IIAI. Its owner and primary agent, Matt Arnold, holds over 20 years of industry experience.

  • Life Insurance
  • Health Insurance
  • Individual Plans

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Buffalo Agency
601 North 3rd Street, Riverton, IL 62561
Dennis P McCormick, CLU
2921 Greenbriar Drive, Springfield, IL 62704
R Allan Hamilton
1037 South 4th Street, Springfield, IL 62703
Bryan Clark
628 North Chicago Street, Lincoln, IL 62656
Lee/O'Keefe Insurance Agency, Inc.
2501 Chatham Road, Springfield, IL 62704
Sams/Hockaday & Associates, Inc.
122 West Prairie Avenue, Decatur, IL 62523
Buckeye Insurance Agency, Inc.
707 Carroll Street, Pawnee, IL 62558
Prairie State Insurance Agency, Inc.
430 East Vine Street, Springfield, IL 62703
Universal Guaranty Life Insurance Company
5250 South 6th Street, Springfield, IL 62712
Forsyth Insurance Group, Inc.
430 East Vine Street, Springfield, IL 62703
Waterman-Neely Insurance Professionals Inc
110 West Walnut Street, Chatham, IL 62629
Jake Pembrook
2121 West White Oaks Drive, Springfield, IL 62704
Carole Brooker
2605 North Main Street, Decatur, IL 62526
Musso Insurance Agency LLC
3040 South Lincoln Avenue, Springfield, IL 62704
Formea Insurance Group, Inc.
512 South Church Street, Chatham, IL 62629
Goodman Agency Inc.
265 North Broad Street, Carlinville, IL 62626
Grieme-Arnold Insurance Agency, LLC
321 Pulaski Street, Lincoln, IL 62656

FAQs

  • What major life events might lead residents of Springfield to reconsider their life insurance coverage?

    Springfield residents might find themselves reevaluating their life insurance coverage in response to significant life events, such as marriage or divorce. Additionally, the acquisition of a new home, the process of refinancing an existing home, and assuming the financial obligations associated with an aging parent can all prompt policyholders to review and potentially adjust their policies.

  • What is the significance of life insurance for Springfield residents who have dependents requiring financial support?

    Springfield residents who have dependents in need of financial assistance should consider acquiring life insurance, as the death benefit it provides can serve various purposes. This benefit can be used to settle outstanding debts, cover the costs of their children's education, and manage funeral expenses. In many cases, life insurance payouts are not subject to federal income taxes.

  • Which type of life insurance policy is ideal for tax and estate planning purposes in Springfield?

    In Springfield, permanent life insurance serves as a valuable tool for both tax and estate planning purposes. This insurance category is also employed to establish trusts aimed at providing financial support for dependents with special needs. Many of these policies feature a savings element that grows on a tax-deferred basis. Furthermore, the premium for a permanent life policy generally remains consistent throughout the policyholder's lifetime, without any age-related increases.

  • What are the common provisions mandated by Illinois insurance law for every life insurance policy issued in Springfield?

    Every individual life insurance policy sold in Springfield is required to include an incontestability clause. This clause ensures that an insurance company cannot cancel an individual life insurance policy once it has been active for two years unless the policyholder fails to pay their premiums. Additionally, insurance carriers are obligated to grant policyholders a 30-day grace period for payment of premiums.

  • What happens if a life insurance applicant provides false information to carriers in Springfield?

    In Springfield, life insurance applicants who provide inaccurate information in their applications may encounter application denial, potentially leaving them without coverage. Insurance companies that detect discrepancies in applications at a later stage have the authority to cancel the life insurance policies of insured individuals.

  • 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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