Michigan’s life insurance laws are governed by Act 218 of the Michigan Insurance Code.
- 10-day free look period (MI Comp. Laws Ann. 500.4000)
- One-month grace period on all payments made after the first year (MI 500.4012)
- Interest accrues beginning 60 days after proof of death (MI 500.2006)
- Guarantees up to $300,000 for lost death benefits and $100,000 for lost cash surrender value (source)
Keep in mind that life insurance laws are very similar from state to state (for example, Minnesota’s life insurance laws and Mississippi’s life insurance laws are nearly identical to those of Michigan).
How Much Is A $10,000 Whole Life Policy In Michigan?
The table below shows the rates by age of $10,000 of whole life insurance in Michigan.
| Age | Male | Male (Smoker) | Female | Female (Smoker) |
|---|---|---|---|---|
| 20 | $14.90 | $16.75 | $14.12 | $16.35 |
| 25 | $15.77 | $18.58 | $15.53 | $17.04 |
| 30 | $17.46 | $20.17 | $16.23 | $18.90 |
| 35 | $19.07 | $21.86 | $17.24 | $21.19 |
| 40 | $21.06 | $24.95 | $20.22 | $23.98 |
| 45 | $23.64 | $29.18 | $22.40 | $27.32 |
| 50 | $27.24 | $34.29 | $24.94 | $31.44 |
| 55 | $33.00 | $39.60 | $27.85 | $36.57 |
| 60 | $39.21 | $46.96 | $33.28 | $42.62 |
| 65 | $47.92 | $58.33 | $41.75 | $50.27 |
| 70 | $60.45 | $70.87 | $52.42 | $60.22 |
| 75 | $97.98 | $132.55 | $71.29 | $95.16 |
| 80 | $134.51 | $182.38 | $97.90 | $135.21 |
| 85 | $188.42 | $257.99 | $132.64 | $193.34 |
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Best Life Assurance In Detroit
Detroit, often referred to as the “Motor City,” stands as a symbol of American industrial prowess, particularly renowned for its contributions to the automotive industry. This Michigan city boasts a rich musical heritage, being the cradle of Motown records, where legends like Stevie Wonder and the Supremes embarked on their historic journeys. Beyond its musical and industrial legacy, Detroit is on a revitalization path, showcasing vibrant art scenes, bustling markets like Eastern Market, and scenic waterfronts along the Detroit River. Its array of museums, including the Detroit Institute of Arts, and sports enthusiasm, with passionate fans supporting major teams across all four major sports, underscores a city resilient and rich in culture and history.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Community Life Agency | 7344 Allen Rd Suite 100 | +13136376413 |
| Get Life Insurance | 6802 Mayburn St | +13135612486 |
| Life Health Invest with Jestine | 9011 Linwood St | +13132136909 |
| Hartford Life | 719 Griswold St # 500 | +13139610450 |
| American Insurance Community Group | 400 Renaissance Center Suite 2600 | +18883161315 |
| Northwestern Mutual Life Insurance Company – Matthew Megally | 4000 Town Center #1300 | +12482271016 |
| Detroit Insurance Brokerage | 4836 Fairway Ridge S | +12487887258 |
Best Coverage In Ann Arbor
Ann Arbor, nestled in the heart of Michigan, is a vibrant city that harmonizes academic excellence, cultural diversity, and outdoor beauty. Known as the home of the prestigious University of Michigan, the city boasts a rich tapestry of arts and culture, underscored by an array of museums, galleries, and theaters. Its picturesque landscapes and recreational parks make it a haven for outdoor enthusiasts, while its innovative spirit is reflected in the thriving local businesses and culinary scene. Ann Arbor’s welcoming atmosphere and diverse community make it not just a center for education and research, but a place where inspiration and creativity flourish.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Samuel Fisher, Bankers Life Agent | 2309 Shelby Ave | +17342135737 |
| Wissam Ambriss, Bankers Life Agent | 2309 Shelby Ave | +17342135737 |
| Hannigan Insurance | 650 Avis Dr | +18009664768 |
| Corina Hotchkin, Bankers Life Agent | 2309 Shelby Ave | +17342135737 |
| David Trippett, Bankers Life Agent | 2309 Shelby Ave | +17342135737 |
| GH2 Benefits, LLC | 416W W Huron St Suite 1 | +18554639688 |
| Acrisure Ann Arbor, MI (Kemner-Iott Agency) | 900 Victors Way Ste 115 | +17349711000 |
| Falcon Insurance Agency of Michigan | 202 E Washington St Suite 711 | +17348879110 |
| Ronald Clark, Bankers Life Agent | 2411 Oak Valley Dr Ste 500 | +17342135737 |
| Kelsey Markel, Bankers Life Agent | 2411 Oak Valley Dr Ste 500 | +17342135737 |
| Kaylie Shepard, Bankers Life Agent | 2411 Oak Valley Dr Ste 500 | +17342135737 |
You Won't Find A Lower Rate
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Best Policies In Sterling Heights
Sterling Heights, nestled in Macomb County, Michigan, stands as a dynamic and family-friendly suburb of Detroit. Renowned for its harmonious blend of cultural diversity, extensive parklands, and vibrant community life, Sterling Heights offers residents and visitors alike a rich tapestry of experiences. From exploring the Dodge Park’s sprawling green spaces to enjoying the city’s bustling shopping and dining scenes, Sterling Heights holds a unique charm. Its commitment to safety and education, coupled with a booming economy and a calendar packed with cultural festivals and events, makes Sterling Heights a coveted destination for families, young professionals, and businesses seeking a blend of suburban tranquility and urban accessibility.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Inspire Insurance Agency | 20666 Hall Rd | +15863291401 |
| Beyond Insurance Group | 38219 Mound Rd Ste. 201 | +15863309727 |
| AIM Insurance Agency | 37063 Cooper Dr | +15869775881 |
| The Salvati Insurance Group, Inc. | 42370 Van Dyke Ave Ste 711 | +12487201130 |
| Millennium Insurance Agency | 34865 Mound Rd | +15867958608 |
| ISU-Great Northern Insurance Agency | 39850 Van Dyke Ave | +12488569000 |
| Najor Insurance Services | 13900 Lakeside Cir | +12483458200 |
| NavSav Insurance – Sterling Heights | 38221 Mound Rd | +12485094883 |
| Frolka Insurance Agency Goosehead Insurance | 44444 Mound Rd Suite 400C | +18102243938 |
| Reagan Insurance Agency | 14426 15 Mile Rd | +15868385656 |
| Tom Cook – Mutual of Omaha | 42125 Malbeck Dr | +12486144584 |
| Thomas Williamson – State Farm Insurance Agent | 43512 Mound Rd ste a | +15867317310 |
| Uniforce Insurance Agency USA Inc. | 13854 Lakeside Cir Suite 213 | +12486919171 |
| Cherokee Insurance Company | 34200 Mound Rd | +18002010450 |
Best Life Cover In Grand Rapids
Grand Rapids, Michigan’s second-largest city, embodies the perfect blend of bustling urban life and natural beauty. Known as the furniture city for its historical roots in fine craftsmanship, it’s also a hub for art, culture, and innovation. The city boasts the Gerald R. Ford Presidential Museum, enriching art scenes, and the Frederik Meijer Gardens & Sculpture Park, offering a serene escape with its lush landscapes and striking sculptures. Grand Rapids celebrates its rich brewery legacy, earning the title of “Beer City USA” with its plethora of craft breweries. From the vibrant streets of Downtown to the peaceful trails along the Grand River, Grand Rapids offers a unique Midwestern charm that welcomes all who visit.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Bye Insurance | 4829 E Beltline Ave NE Suite 300 | +16164569790 |
| Grand Rapids Insurance | 6757 Cascade Rd SE Suite 205 | +16167238025 |
| Bankers Life | 3350 Eagle Park Dr NE #104 | +16169408040 |
| David Kalman at Comparion Insurance Agency | 4362 Cascade Rd SE #110 | +16164325017 |
| Michelle Frey at Comparion Insurance Agency | 4362 Cascade Rd SE #110 | +16164325013 |
| Foster Frederick at Comparion Insurance Agency | 4362 Cascade Rd SE #110 | +16162653730 |
| New York Life Insurance | 333 Bridge St NW #600 | +16167524500 |
| Best Insurance Grand Rapids | 1361 Emerald Ave NE | +16166122482 |
| Nicholas Guillen, Bankers Life Agent | 3230 Eagle Park Dr NE # 204 | +16169408040 |
| Great Lakes Financial Insurance Agenecy | 771 Kenmoor Ave SE STE A | +12692341746 |
| Yusef Ali, Bankers Life Agent | 3230 Eagle Park Dr NE # 204 | +16169408040 |
Best Life Insurance In Warren
Warren is a dynamic city nestled in the heart of Michigan, known for its historical significance and vibrant community life. As the state’s third-largest city, Warren prides itself on its rich industrial heritage, boasting a robust manufacturing sector that includes a significant presence of automotive industries. Its strategic location in the Detroit metropolitan area adds to its appeal, providing residents and visitors with easy access to urban amenities while maintaining a distinct sense of community. Warren is dotted with numerous parks, libraries, and cultural centers, offering a diverse array of activities and entertainment options. With its blend of residential charm and economic vitality, Warren serves as a thriving nexus of cultural diversity, technological innovation, and educational opportunity, making it an attractive destination for families, professionals, and retirees alike.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Signature Insurance | 32888 Ryan Rd | +15862749600 |
| Mark Neumann – Aflac Insurance Agent | 30078 Schoenherr Rd STE 200 | +15863430934 |
| Insure All Agency | 4565 Sudbury Dr | +13139482255 |
You Won't Find A Lower Rate
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You never know what battles people may be fighting.
Top Life Insurance Companies In Michigan
For the residents of the great state of Michigan, we at GetSure recommend three carriers: Transamerica, Aetna, and Mutual of Omaha.
Transamerica
“Immediate Solution” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 0 – 85 |
| Coverage | $1,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Very low prices
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Underwriting has become stricter (e.g., no insulin)
- Coverage limited to $25,000 for older applicants
Mutual of Omaha
“Living Promise” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 45 – 85 |
| Coverage | $2,000 – $50,000 |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Excellent customer service
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Moderately strict underwriting
Aetna
“Protection Series” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except AK, CA, DC, HI, MA, ME, MN, NY, ND, SD, WA |
| Ages | 45 – 89 |
| Coverage | $2,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Lenient underwriting
- Shortest application, industry-wide
- Automated underwriting (approval potentially in minutes)
- No medical exam
- Flat, never-increasing premiums
- N/A
