Expertise.com

2024

Last updated:

Best Life Insurance Companies in Waterford

Our Recommended Top 12

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 Waterford 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.

3246Reviewed

1952Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
4700 Dixie Highway, Waterford Township, MI 48329
  • Life Insurance
  • Health Insurance

Why choose this provider?

For over 40 years, Vollrath Insurance Services, Inc. is a full-service insurance company that has been catering to clients in Waterford. It works with 20 national insurance carriers, including Progressive and Safeco, to provide term life and whole life insurance plans. The company can educate first-time clients about the benefits of each, from death benefits to cash growth. Its agents can also process claims online and add new beneficiaries or addresses. The company is also an authorized independent agent for Blue Cross Blue Shield of Michigan.

License Verified:

License: 0008543

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4301 South Baldwin Road, Orion charter Township, MI 48359
  • Life Insurance

Why choose this provider?

Established in 1981, J. Jacobs and Associates is an independent, family-owned insurance company that serves residential and commercial clients in Waterford and its surrounding areas. It offers a broad range of insurance products, such as life, home, and auto insurance. The company has access to a network of reputable insurance providers, including Progressive, Hagerty, and Foremost Insurance. J. Jacobs and Associates is managed by a team of insurance specialists who offer a plethora of options for each client in selecting a suitable coverage plan that suits their needs.

License Verified:

License: 8472315

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (122)
Facebook
5.0 / 5 (53)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
8031 Ortonville Road, Village of Clarkston, MI 48348
  • Life Insurance

Why choose this provider?

Oakland Insurance is an independent insurance company that serves residential and commercial clients in Waterford and the surrounding areas. It offers a broad range of insurance products, including life, homeowners', condominiums, renters', and umbrella insurance. The company is managed by John G. Growney and Barry L. Hunt, both insurance professionals with extensive experience in administrative, customer service and sales management. Oakland Insurance also provides special-needs insurance coverage for industries such as auto dealerships, property management, and more. 

License Verified:

License: 3818428

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (41)
Facebook
4.5 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2986 West Walton Boulevard, Waterford Township, MI 48329
  • Life Insurance
  • Health Insurance

Why choose this provider?

Based in Waterford, Senior Enrollment Solutions is a full-service insurance consulting firm providing for the insurance needs of individuals in the area. It offers permanent life insurance, term life insurance, and final expense insurance. The agency's term life insurance provides coverage for a set time period, which is usually around 10 to 30 years. Its other insurance products include health, dental, and vision insurance. Senior Enrollment Solutions offers insurance services and products customized to suit the needs of its clients through all 50 states.

License Verified:

License: 16547059

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (10)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
7151 North Main Street, Clarkston, MI 48346
  • Life Insurance
  • Term Life Insurance

Why choose this provider?

Ryan Insurance Independent Agency serves the insurance needs of clients around Waterford. It offers life insurance products, including term life and universal life insurance. The company also helps clients with multiple insurance products, including home, auto, renters', condo, and commercial insurance. It also provides liability insurance to help mitigate unwanted risk for its clients. Founded in 2006, Ryan Insurance Independent Agency is a member of the Waterford Chamber of Commerce and counts Progressive, Liberty Mutual, and Universal Property among its insurance partners.

License Verified:

License: 0117174

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (43)
Facebook
5.0 / 5 (12)
Yelp
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4990 Sashabaw Road, Clarkston, MI 48346
  • Life Insurance

Why choose this provider?

Tony Volante is an insurance professional serving Waterford. He helps clients get financial protection and stability through State Farm life insurance products. Clients can enjoy the affordability of term life insurance while permanent life insurance provides clients cash value and lifelong protection. In addition, universal life insurance also offers lifelong protection as well as death benefits and flexible premium payments. Tony is designated by The American College of Financial Services as a Retirement Income Certified Professional.

License Verified:

License: 9623003

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Facebook
4.7 / 5 (124)
Google
4.0 / 5 (61)

Website
7300 Dixie Highway, Clarkston, MI 48346
  • Life Insurance

Why choose this provider?

Based in Clarkston, Rossell Agency assists Waterford clients in life insurance matters. In addition to his commitment to serve the local community, owner Rich Rossell is also committed to improving on his professional knowledge and is continually involved in continuing education. His agency helps clients choose the appropriate amount of coverage for whole or term life insurance policies from represented insurance carriers such as Berkshire Hathaway, Liberty Mutual, and Nationwide. It also insures automobiles and homes.

License Verified:

License: 0383771

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (39)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1007 West Huron Street, Waterford, MI 48328
  • Life Insurance
  • Health Insurance

Why choose this provider?

The Huttenlocher Group is an insurance brokerage that has been serving families, individuals, and businesses in Waterford since 1918. The independent agency offers risk management strategies, including individual life and health insurance, as well as coverage for high-net-worth clients, homes, automobiles, and watercraft. Additionally, it deals with commercial insurance, employee benefits, and workers' compensation. Its CEO, David Huttenlocher, has been with the company since 1987. He specializes in areas such as personal liability and property and casual insurance.

License Verified:

License: 10529329

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4944 Highland Road, Waterford Township, MI 48328
  • Life Insurance
  • Group Plans

Why choose this provider?

Willow Insurance Group is a life insurance company helping customers in Waterford secure their future since 2016. Its life insurance plans include term and whole-life insurance policies. It also offers home, auto, and commercial life insurance programs. Founded by Rebecca Barens, the business has access to over 70 carriers and is in the process of getting the Women’s Business Enterprise certification. Some of the companies it represents include American Modern, Bristol West, and Acuity Insurance.

License Verified:

License: 17949625

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
5649 Highland Road, Waterford, MI 48327
  • Life Insurance
  • Health Insurance

Why choose this provider?

Turnbull Insurance Agency has been providing a selection of insurance solutions from varied companies, including Safeco Insurance, Mercury Insurance Group, and Bristol West Insurance Group, since 1973. It delivers term and universal life policies to individuals and families in and around the Waterford metro. It also offers health, home, auto, and boat insurance plans. Likewise, the agency offers additional protection to entrepreneurs through its business insurance plans, such as workers' compensation, employee benefits, liability, and commercial property and auto.

License Verified:

License: 16127523

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (9)
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
34 South Telegraph Road, Waterford, MI 48328
  • Life Insurance
  • Health Insurance

Why choose this provider?

Mike Tolbert is a State Farm insurance agent who services residents and businesses in the Waterford area. He leads the Michael W. Tolbert Insurance Agency Inc. His experience includes providing banking insurance, auto insurance, house insurance, life insurance, and small business insurance. His more than 32 years of insurance expertise has assisted clients in determining appropriate coverages for their requirements, whether it is a term or permanent insurance, fidelity bonds, or setting up assets such as IRAs, mutual funds, or annuities.

License Verified:

License: 0092038

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.0 / 5 (38)
Facebook
5.0 / 5 (3)
Yelp
4.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
3756 Sashabaw Road, Waterford Township, MI 48329
  • Life Insurance

Why choose this provider?

The Milner Agency is an insurance company that provides life insurance services to individuals, families, and businesses in Waterford and the surrounding communities. Its advisors assist clients in determining the type of life insurance policies according to need, such as term life and whole life. As an agency from Farm Bureau Insurance, which was founded over 70 years ago, it offers other insurance products including auto, business, home, and farm insurance, as well as assists with filing claims.

License Verified:

License: 17877115

Michigan Department of Insurance and Financial Services

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
5.0 / 5 (29)
Google
4.0 / 5 (21)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.7
Responsiveness
Friendliness
Helpfulness
Detail
––

FAQs

  • What amount of life insurance is advisable to have in Waterford?

    As a rule of thumb, it is advised that your life insurance coverage in Waterford be six to eight times your yearly earnings. However, when establishing suitable coverage for you and your family, several variables should be considered, such as:

    • Marital status and spouse's earnings.
    • Other sources and amounts of income.
    • Death benefits from Social Security and employer-sponsored plans.
    • Specific life insurance needs, like funding education, addressing estate planning requirements, or paying off a mortgage.
    • Number of individuals depending on you financially.
  • What advantages does the death benefit offer in Waterford?

    One advantage of the life insurance death benefit in Waterford is its ability to secure a business by allowing surviving partners to purchase the shares of a deceased partner, thus preventing compelled liquidation. Another benefit is that it offers tax-free funds to your designated beneficiaries to help them with various expenses, including debt repayment, education costs, funeral costs, and any other debts or financial commitments you may have left behind.

  • What happens when the life insurance term period concludes in Waterford?

    Following the term period, your Waterford life insurance policy will expire. However, you might be able to choose to renew the coverage each year without needing to demonstrate insurability. The annual renewal cost is likely to be notably higher than the original guaranteed premium rates, but it might be a viable option for individuals facing difficulty obtaining insurance because of an illness or injury.

  • How do you determine the duration of your life insurance coverage in Waterford?

    Your specific situation will determine the length of your coverage in Waterford. You should take into account your age, the age of your spouse and children, the number of years before retirement, and the duration of your financial commitments. It's important to choose a term period that aligns with these factors. For instance, if your goal is to fund your five-year-old child's education through college and graduate school, opt for a policy term of at least 20 years.

  • 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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