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2024

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Best Life Insurance Companies in Maine

Our Recommended Top 12

We did the research for you!

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

59997Reviewed

36003Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Maine

Expertise.com Rating

Review Sources

Facebook
5.0 (15)
Google
5.0 (6)

Why choose this provider?

BroGue Insurance & Financial Services is a Bangor-based agency that caters to people across Maine. It partners with a variety of carriers—ranging from Liberty Mutual and Progressive to Allstate and Bristol West—to offer life insurance products to individuals. It also assists businesses seeking to obtain life policies for their employees. For clients aiming to cover valuable items like guns, jewelry, and computers, the agency provides insurance services. It is a family-owned enterprise that has been in the industry for more than 30 years.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.5 (19)
Facebook
5.0 (10)

Why choose this provider?

Kimball Insurance, LLC, caters to individuals, families, and businesses in Maine. It provides insurance products such as life, flood, and personal umbrella policies. The family-oriented firm also offers coverages for homes, condominium units, mobile houses, rental properties, automobiles, and recreational vehicles. Its team of insurance professionals additionally handles group health, long-term care, and disability plans. Kimball Insurance is affiliated with companies like Allstate, Bristol West, Foremost, MetLife, and Travelers. Some of its agents have over three decades of industry experience.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Facebook
5.0 (15)
Google
4.5 (11)

Why choose this provider?

For more than 100 years, Howard Insurance Agency has been serving Maine-based business owners, employees, and individuals. The office provides personal lines of insurance products, such as life, long-and short-term care, umbrella liability, dental, special events, and boats and yachts. As an independent company, Howard Insurance Agency works with several carriers, like Union Mutual, Patriot Insurance Company, The Hartford, and National General, to source personalized insurance packages. It also handles commercial policies, including employment practices liability, surety bonds, and business auto and fleet coverage.

  • Health Insurance
  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.4 (14)

Why choose this provider?

Since its establishment in 1969, The Foster Agency has provided Maine families, business owners, and farmers with life, agricultural, commercial, and personal insurance products through The American National Insurance Company. It tailors term, whole life, and universal life insurance policies based on an individual's current and projected expenses. In addition, the company develops financial plans for the post-secondary education of a client's children and creates a policy that secures the dependent's future source of income.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Facebook
5.0 (19)
Google
4.6 (17)

Why choose this provider?

All Points Insurance is an independently owned and operated agency delivering risk management solutions to individuals and families in Maine. The agency partners with multiple life insurance carriers to assist clients in choosing from various plans such as term or whole life plans and annuities. Its agents design policies based on individual needs and goals and help with renewing policies and reviewing coverages. All Points Insurance is a multi-generational business that supports the local community through its All Points Community Hockey Scholarship Fund.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Facebook
4.7 (35)
Google
5.0 (10)

Why choose this provider?

Quirk Insurance serves customers in Maine who require life plans. These insurance options cover the loss or disability suffered by clients and provide safety nets for families and beneficiaries. Commercial non-life choices are available, such as liability, employee benefit, and special events policies. Quirk Insurance is an independent agency led by Bob Quirk, who is himself an agent. He opened the agency in 1973 and also owns the Quirk Auto Group with his four brothers.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Facebook
5.0 (65)
Google
4.8 (18)

Why choose this provider?

F.A. Peabody Insurance has been providing risk management solutions in Maine for over 90 years. It offers various personal insurance products, including term or whole life insurance, to help individuals and families prepare for life's unforeseen events and maintain financial stability. Individual and group healthcare policies are also available. F.A. Peabody Insurance has offices in 10 different towns in Maine. Max Lynds, the vice president of the life and benefits division, is a registered health underwriter and a life and annuity certified professional.

  • Life Insurance
  • Health Insurance

Maine

Expertise.com Rating

Why choose this provider?

Allen Insurance Financial is an employee-owned company that serves individuals and businesses in Maine. It delivers a variety of risk management solutions for life and health needs. It also provides multiple personal policies for automobiles, homes, and valuable items. In addition, the firm covers commercial insurance products that protect assets and employees. The independent agency demonstrates its support to its community by conducting workshops in areas of its expertise. One of its agents, Meesha Luce, has been offering life insurance plans since 2016.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.9 (21)
Facebook
5.0 (13)

Why choose this provider?

Pinkham Insurance is a Farmingdale-based firm that offers its products and services within Maine. It helps clients with creating life insurance plans that provide financial stability and coverage for educational, domestic, and business endeavors in the wake of a family member's untimely passing. It partners with a wide range of carriers, from MetLife, Hartford, Progressive, and The Andover Companies. The firm also works alongside the Rogers, Peoples, and Champoux Insurance Agencies in providing comprehensive products for individuals and families in the local region.

  • Whole Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.5 (11)

Why choose this provider?

Skowhegan Insurance Agency Inc. is a life insurance company serving the citizens of Maine. The company provides life and health insurance, including annuities, long-term care, Medicare Advantage, and annuities. Additionally, it offers flood, home, vehicle, and umbrella insurance through its team. The professionals also provide business insurance, including property coverage, workers' compensation, business owner's policy and commercial auto plans. Other services include tax preparation and notary public. The insurance agency has been serving its customers since 1981.

  • Long Term Care
  • Health Insurance
  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.4 (14)

Why choose this provider?

Trask Insurance is an independent family-owned agency that provides its services to the residents of Maine. It crafts life insurance plans and other products for the protection of clients and their assets. These include policies for homeowners, renters, and different types of vehicles, including mobile homes and snowmobiles. Trask Insurance was founded in 1938 and is a third-generation company. It works with over 22 regional and national carriers, including Allstate, American Modern, and Eastern Alliance.

  • Life Insurance

Maine

Expertise.com Rating

Review Sources

Google
4.3 (9)
Facebook
5.0 (9)

Why choose this provider?

HB Insurance is an independent agency and a family-owned business that serves customers in the Maine area. The life insurance company provides individuals, families, and employees with health care options such as short and long-term disability, dental, and individual life policies. Its advisors also assist clients in identifying the right coverage that will meet their needs from the various personal and commercial line products they offer. HB Insurance has been in the industry since 1928.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
BroGue Insurance & Financial Services
328 Harlow Street, Maine, ME 04401
Kimball Insurance, LLC
91 Main Street, Maine, ME 04479
Howard Insurance Agency
P.O. Box 228, Maine, ME 04930
The Foster Agency
20 Bangor St, Maine, ME 04330
All Points Insurance
309 South Main Street, Maine, ME 04412
Quirk Insurance
377 Hogan Road, Maine, ME 04401
F.A. Peabody Insurance
29 North Street, Maine, ME 04730
Allen Insurance Financial
34 Elm Street, Maine, ME 04843
Pinkham Insurance
8 Almar St, Maine, ME 04344
Skowhegan Insurance Agency Inc.
108 Madison Avenue, Maine, ME 04976
Trask Insurance
3 Main Street, Maine, ME 04463
HB Insurance
56 Main Street, Maine, ME 04963

FAQs

  • 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.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

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