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2024

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Best Life Insurance Companies in Salem, OR

Our Recommended Top 11

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Salem 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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11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

4741 Liberty Road South, Salem, OR 97302

Expertise.com Rating

Review Sources

Yelp
5.0 (5)
Google
4.0 (4)
Facebook
5.0 (3)

Why choose this provider?

Premier NorthWest Insurance is a full-service independent insurance agency that operates in multiple locations across Oregon, including Salem. It offers a wide range of insurance products, including life insurance, to keep clients and their beneficiaries financially bolstered during distressing events. In addition to life insurance, the company also provides health and disability insurance. Premier NorthWest Insurance was founded in 1972 by Karl Moll to provide insurance plans designed to fit the individual needs and preferences of clients.

  • Life Insurance
  • Health Insurance

1500 Valley River Drive Suite 210, Salem, OR 97401
WebsiteLicense: 100154734

Expertise.com Rating

Why choose this provider?

Advantage Insurance is a locally owned, full-service agency located in Salem. The independent agency has offered insurance policy assistance for over 30 years. Its expertise in the insurance industry includes life insurance and health insurance. Its programs include Medicare coverage and disability insurance. In addition, clients seeking commercial insurance that involves business insurance and farm insurance are also assisted. Moreover, the company also represents personal insurance such as auto insurance, boat insurance, and motorcycle insurance. The company is also licensed to operate in Washington.

  • Life Insurance

6446 Fairway Avenue Southeast, Salem, OR 97306
WebsiteLicense: 774498

Expertise.com Rating

Review Sources

Google
4.0 (13)
Facebook
5.0 (4)
Yelp
5.0 (1)

Why choose this provider?

The Summit Group of Oregon is a full-service independent agency providing insurance services to clients in Salem. It offers personal insurance products such as life insurance, disability insurance, and health insurance. The company also has a range of business insurance solutions like vineyard insurance, contracting and bonding insurance, agribusiness insurance, and workers’ compensation insurance. Other product options include retirement services. The Summit Group of Oregon represents more than 100 insurance companies in every area of insurance.

  • Life Insurance
  • Health Insurance

110 Salem Heights Avenue South, Salem, OR 97302
WebsiteLicense: 17009864

Expertise.com Rating

Review Sources

Google
4.8 (64)
Facebook
3.0 (2)
Yelp
1.0 (1)

Why choose this provider?

Ben Search is a State Farm insurance agent who provides insurance services to residents in Salem. With 24/7 availability, he provides insurance services like term life insurance, whole life insurance, and universal life insurance. Search also takes care of coverage for homes, motorcycles, and rental properties. Additionally, he provides other insurance services like business owner's policies, surety and fidelity bonds, workers' compensation, contractors' policy, commercial auto insurance, and liability umbrella. His team has more than 20 years of experience with State Farm.

  • Life Insurance
  • Health Insurance

3964 Center Street Northeast, Salem, OR 97301
WebsiteLicense: 34421

Expertise.com Rating

Review Sources

Google
4.0 (13)
Facebook
3.0 (2)

Why choose this provider?

A professional insurance agent with State Farm Insurance, Judy Baszniak serves residential and commercial clients in Salem and its surrounding areas. She offers a variety of insurance products and services, including life, health, home, and commercial insurance coverage. Judy is a proud recipient of State Farm's Golden Triangle award for her performance in providing a variety of insurance products and services to a wide range of clients. She has over 40 years of experience in the insurance industry.

  • Life Insurance
  • Health Insurance

235 Front Street Southeast, Salem, OR 97301
WebsiteLicense: 100157567

Expertise.com Rating

Review Sources

Google
4.0 (33)
Facebook
4.0 (13)
Yelp
2.0 (3)

Why choose this provider?

Huggins Insurance is an independent insurance agency located in Salem that provides insurance services in the metro and surrounding areas. Established in 1919, the agency assists with different insurance products including life, health, auto, home, commercial, and contractors insurance. It provides term and universal life insurance, with periods ranging from less than five years to more than 20 years. It partners with businesses and nonprofits in community projects. Huggins Insurance received the Best of the Willamette Valley Award in 2021.

  • Life Insurance
  • Health Insurance

2651 Commercial Street Southeast, Salem, OR 97302
WebsiteLicense: 100157175

Expertise.com Rating

Review Sources

Google
4.0 (10)

Why choose this provider?

Allen Financial Wealth Management provides life insurance services to clients in Salem. Its founder, Timothy M. Weiner, is a chartered financial consultant with over 20 years of experience in the investment industry. One of the insurance products he offers is term insurance covering financial protection for a specific period of time, such as ten and thirty years. He also assists clients who need permanent and convertible insurance. Additionally, he offers estate planning to help clients transfer their wealth to protect their assets after their death.

  • Life Insurance

343 East Virginia Street, Stayton, OR 97383
WebsiteLicense: 100168296

Expertise.com Rating

Why choose this provider?

Central Insurance Group, LLC is a life insurance company that serves clients in Salem and neighboring areas. The company provides whole, universal, and term life insurance to ensure security for the clients' loved ones. Other insurance policies for businesses, homeowners, and vehicles are also available. Its team of insurance agents ensures that it provides a tailored approach to each client depending on their needs. The firm has partnered with top insurance carriers such as The Hartford and Foremost Insurance Group.

  • Life Insurance

2735 Liberty Street Northeast, Salem, OR 97301
WebsiteLicense: 34238

Expertise.com Rating

Review Sources

Google
3.0 (21)
Facebook
5.0 (6)

Why choose this provider?

R. Bauer Insurance Inc., formerly known as Ralph Bauer Insurance then Ralph Bauer & Sons Insurance, serves policyholders in Salem and surrounding communities. Ralph Bauer started the venture as a home-based Farmers Insurance Group agency in 1957. Today, his children own and operate the firm, offering life insurance coverages such as term life, whole life, and universal life insurance. They also handle policies for healthcare, vehicles, properties, and businesses. The independent company works with many insurance providers.

  • Life Insurance
  • Health Insurance

320 Southwest 3rd Street, Corvallis, OR 97333
WebsiteLicense: 100159505

Expertise.com Rating

Why choose this provider?

Unified Insurance Group is an independent company that works with a wide range of carriers to provide the insurance needs of clients in the Salem area. It offers term and whole insurance plans, including traditional whole, universal, and variable universal. It also works on other types of personal insurance products, such as auto, motorcycle, boat, and collector car insurance. Moreover, it handles policies for condos, homes, and rental properties. The company also deals with commercial properties and general business liabilities.

  • Life Insurance

3111 Santiam Hwy SE Suite F, Albany, OR 97322
WebsiteLicense: 16840688

Expertise.com Rating

Review Sources

Facebook
5.0 (8)
Google
5.0 (1)

Why choose this provider?

TrueLife Financial Solutions, LLC, is a veteran-owned insurance agency serving Salem. It offers a wide variety of insurance products, including supplemental policies like pet insurance. Its agents help connect customers with reputable providers to stay financially buffered when their pets require medical attention and further treatments are necessary. Other supplemental policies available are dental, accident, vision, and legal insurance. The company was founded by Alex Johnson II, who served in the navy, where he spent more than a decade before opening his own insurance agency.

  • Policy Bundle Discount

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Premier NorthWest Insurance
4741 Liberty Road South, Salem, OR 97302
Advantage Insurance Corp.
1500 Valley River Drive Suite 210, Salem, OR 97401
The Summit Group of Oregon
6446 Fairway Avenue Southeast, Salem, OR 97306
Ben Search
110 Salem Heights Avenue South, Salem, OR 97302
Judy Baszniak
3964 Center Street Northeast, Salem, OR 97301
Huggins Insurance
235 Front Street Southeast, Salem, OR 97301
Allen Financial Wealth Management
2651 Commercial Street Southeast, Salem, OR 97302
Central Insurance Group, LLC
343 East Virginia Street, Stayton, OR 97383
R. Bauer Insurance Inc.
2735 Liberty Street Northeast, Salem, OR 97301
Unified Insurance Group
320 Southwest 3rd Street, Corvallis, OR 97333
TrueLife Financial Solutions
3111 Santiam Hwy SE Suite F, Albany, OR 97322

FAQs

  • How can residents of Salem leverage the benefits of life insurance for financial needs?

    Salem residents can use the accumulated cash value in their permanent life insurance policies to pay for costly expenses like college tuition or down payments on a home. Additionally, life insurance can also be a way to cover funeral costs and estate taxes. Note that the growth of this cash value is tax-deferred, which means you won't owe taxes until you take money out of the policy.

  • How long is the "free look" period for life insurance policies in Salem?

    In Salem, residents have a standard 10-day "free look" period in their life insurance policies, ensuring a complete reimbursement upon policy return. Oregon state legislation extends this interval to 30 days for individuals replacing their existing coverage. Policyholders must carefully examine their policy before its expiration and consult with tax specialists, financial advisors, or legal experts for proper guidance.

  • Under what circumstances should one think about obtaining life insurance in Salem?

    Life insurance becomes essential for Salem residents when they have a partner, offspring relying on them, an elderly kin, or a relative with special needs. It's also imperative for those with insufficient retirement funds facing escalating expenses, or those holding significant assets or running businesses. This coverage safeguards the fiscal well-being of the policyholder's family.

  • What age groups in Salem may not require life insurance?

    Single individuals and older people in Salem may not require life insurance. Typically, single individuals, unless they support dependents like elderly parents, and older individuals with grown, self-sufficient children may find that a well-structured savings plan can reduce their need for life insurance. However, each person's financial situation is unique, and assessing individual circumstances is advisable when considering life insurance.

  • Is indexed universal life insurance a good choice for Salem residents seeking tax-free retirement income?

    Indexed universal life insurance may not fit Salem residents planning for tax-free retirement income. Unlike a Roth IRA, which allows most of the contributions to be invested, indexed universal life insurance has higher expenses, including premiums and administrative costs. While it offers potential tax-free distributions, it involves complex features and may not be ideal for most investors.

  • 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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