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Best Life Insurance Companies in Salem

2024

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Providers

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Website
4741 Liberty Road South, Salem, OR 97302
  • Life Insurance
  • Health Insurance

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.

License Verified:

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.
4.7
Yelp
5.0 / 5 (5)
Google
4.0 / 5 (4)
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
1500 Valley River Drive Suite 210, Salem, OR 97401
  • Life Insurance

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.

License Verified:

License: 100154734

Oregon Division of Financial Regulation

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
6446 Fairway Avenue Southeast, Salem, OR 97306
  • Life Insurance
  • Health Insurance

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.

License Verified:

License: 774498

Oregon Division of Financial Regulation

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 (13)
Facebook
5.0 / 5 (4)
Yelp
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
3964 Center Street Northeast, Salem, OR 97301
  • Life Insurance
  • Health Insurance

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.

License Verified:

License: 34421

Oregon Division of Financial Regulation

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.
3.9
Google
4.0 / 5 (13)
Facebook
3.0 / 5 (2)

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
2735 Liberty Street Northeast, Salem, OR 97301
  • Life Insurance
  • Health Insurance

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.

License Verified:

License: 34238

Oregon Division of Financial Regulation

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.
3.4
Google
3.0 / 5 (21)
Facebook
5.0 / 5 (6)

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
110 Salem Heights Avenue South, Salem, OR 97302
  • Life Insurance
  • Health Insurance

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.

License Verified:

License: 17009864

Oregon Division of Financial Regulation

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
Google
4.8 / 5 (64)
Facebook
3.0 / 5 (2)
Yelp
1.0 / 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
2651 Commercial Street Southeast, Salem, OR 97302
  • Life Insurance

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.

License Verified:

License: 100157175

Oregon Division of Financial Regulation

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 (10)

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
343 East Virginia Street, Stayton, OR 97383
  • Life Insurance

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.

License Verified:

License: 100168296

Oregon Division of Financial Regulation

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
235 Front Street Southeast, Salem, OR 97301
  • Life Insurance
  • Health Insurance

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.

License Verified:

License: 100157567

Oregon Division of Financial Regulation

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.
3.9
Google
4.0 / 5 (33)
Facebook
4.0 / 5 (13)
Yelp
2.0 / 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
320 Southwest 3rd Street, Corvallis, OR 97333
  • Life Insurance

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.

License Verified:

License: 100159505

Oregon Division of Financial Regulation

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.
3.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
3111 Santiam Hwy SE Suite F, Albany, OR 97322
  • Policy Bundle Discount

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.

License Verified:

License: 16840688

Oregon Division of Financial Regulation

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 (8)
Google
5.0 / 5 (1)

Frequently Asked Questions

  • 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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