Best Life Insurance for Missionaries in 2025 (Top 10 Companies Ranked)
The best life insurance for missionaries are provided by New York Life, USAA, and Prudential, offering discounts of up to 30% on comprehensive coverage, specifically designed to meet the unique needs of missionaries ensuring financial security during missions on global reach and peace of mind.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Feb 8, 2025
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Feb 8, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for Missionaries
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Full Coverage for Missionaries
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6,589 reviews
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Full Coverage for Missionaries
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With rates featuring discounts of up to 30%, these companies excel in addressing the unique needs and challenges faced by missionaries, allowing them to focus wholeheartedly on their vital work. Their commitment to offering flexible policies and exceptional customer service further solidifies their position as leaders in the industry, providing peace of mind to missionaries and their families worldwide.
Our Top 10 Company Picks: Best Life Insurance for Missionaries
| Company | Rank | Monthly Rates | Multi-Policy Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $55 | 15% | Global Coverage | New York Life |
 | #2 | $50 | 10% | Military Savings | USAA |
 | #3 | $58 | 20% | Customizable Policies | Prudential |
 | #4 | $53 | 20% | Community Focus | State Farm |
 | #5 | $57 | 15% | Financial Strength | Northwestern Mutual |
 | #6 | $56 | 25% | Tailored Coverage | Allstate |
 | #7 | $59 | 15% | Long-Term Care | MassMutual |
 | #8 | $54 | 25% | Multi-Policy Discounts | Nationwide |
 | #9 | $52 | 15% | Customized Coverage | Farmers |
 | #10 | $60 | 25% | Technology Integration | Liberty Mutual |
As missionaries navigate the complexities of their missions, they can trust these companies to safeguard their futures. You can get free quotes for life insurance and secure financial protection for your loved ones by entering your ZIP code into our tool above.
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#1 – New York Life Insurance: Top Overall Pick
Pros
- Global Coverage: New York Life insurance review & ratings showcase its comprehensive worldwide coverage, making it a top pick for missionaries who frequently journey abroad.
- Up to 15% Multi-Policy Discount: Customers can benefit from significant cost savings with New York Life Insurance by bundling multiple insurance policies.
- Up to 10% Low-Mileage Discount: Missionaries who drive fewer miles can enjoy additional savings on their life insurance premiums.
Cons
- Limited Military-Specific Benefits: Unlike some competitors, New York Life Insurance may not offer specific discounts or benefits tailored to military personnel.
- Potential Cost for Customization: While customization is available, it may come at an additional cost, potentially impacting the overall affordability.
#2 – USAA: Best for Military Excellence
Pros
- Military Savings: USAA insurance review & ratings highlight tailored ability to meet the unique requirements of military members, providing them with exclusive discounts and advantages.
- Up to 10% Multi-Policy Discount: Customers can save on premiums by combining multiple insurance policies with USAA.
- Up to 5% Low-Mileage Discount: Low-mileage drivers among missionaries can further reduce their insurance costs with this discount.
Cons
- Limited Global Coverage: USAA may have limitations in terms of global coverage, which might be a consideration for missionaries working internationally.
- Membership Eligibility Criteria: USAA is only available to military members and their families, potentially excluding non-military missionaries.
#3 – Prudential: Best for Tailored Flexibility
Pros
- Customizable Policies: Prudential insurance review & ratings showcase the company’s exceptional feature of offering highly customizable insurance policies. This enables individuals, such as missionaries, to personalize their coverage according to their specific requirements.
- Up to 20% Multi-Policy Discount: Policyholders can save significantly by bundling multiple insurance products with Prudential.
- Up to 5% Low-Mileage Discount: Missionaries with low annual mileage can enjoy additional savings on their premiums.
Cons
- Possibly Higher Premiums: The flexibility of customizable policies may come with slightly higher premiums compared to more standardized options.
- May Lack Specialized Military Benefits: Prudential may not offer specific benefits or discounts tailored to military members, unlike some competitors.
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#4 – State Farm: Best for Community Focus
Pros
- Community Focus: State Farm insurance review & ratings underscore the company’s commitment to community involvement, making it an ideal option for missionaries engaged in local outreach and community service efforts.
- Up to 20% Multi-Policy Discount: Customers can save on insurance costs by bundling multiple policies with State Farm.
- Up to 10% Low-Mileage Discount: Missionaries with low annual mileage can benefit from additional premium savings.
Cons
- Limited Global Coverage: State Farm’s coverage may not be as expansive for missionaries working on a global scale.
- Potentially Higher Premiums for Customization: While customization is available, it may lead to slightly higher premiums, impacting overall affordability.
#5 – Northwestern Mutual: Best for Financial Assurance
Pros
- Financial Strength: When it comes to Northwestern Mutual insurance review & ratings, the company is renowned for its strong financial stability, offering missionaries peace of mind regarding the dependability of their life insurance protection.
- Up to 15% Multi-Policy Discount: Policyholders can enjoy significant savings by bundling various insurance policies with Northwestern Mutual.
- Up to 5% Low-Mileage Discount: Missionaries with low annual mileage can benefit from additional premium discounts.
Cons
- Possibly Higher Premiums: The focus on financial strength may result in slightly higher premiums compared to some competitors.
- Limited Military-Specific Benefits: Northwestern Mutual may not offer specialized benefits or discounts for military personnel, which could be a drawback for certain missionaries.
#6 – Allstate: Best for Tailored Security
Pros
- Tailored Coverage: Allstate insurance review & ratings encompass personalized coverage options, empowering missionaries to tailor their policies to match their individual requirements more effectively.
- Up to 25% Multi-Policy Discount: Significant savings are available for customers who choose to bundle multiple insurance policies with Allstate.
- Up to 10% Low-Mileage Discount: Missionaries with low annual mileage can enjoy additional savings on their premiums.
Cons
- Possibly Higher Premiums for Customization: While customization is a strength, it may lead to slightly higher premiums compared to more standardized offerings.
- Limited Military-Specific Benefits: Allstate may not provide specific benefits or discounts for military personnel, potentially affecting the appeal for some missionaries.
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#7 – MassMutual: Best for Long-Term Assurance
Pros
- Long-Term Care: MassMutual insurance review & ratings include coverage options for long-term care, offering missionaries added peace of mind as they grow older.
- Up to 15% Multi-Policy Discount: Customers can save on insurance costs by bundling multiple policies with MassMutual.
- Up to 5% Low-Mileage Discount: Missionaries with low annual mileage can benefit from additional premium savings.
Cons
- Possibly Higher Premiums for Long-Term Care: While long-term care coverage is a pro, it may lead to slightly higher premiums for comprehensive protection.
- Limited Military-Specific Benefits: MassMutual may not provide specific benefits or discounts for military personnel, which could be a drawback for certain missionaries.
#8 – Nationwide: Best for Modern Convenience
Pros
- Multi-Policy Discounts: Nationwide offers up to 25% in multi-policy discounts, providing significant savings for missionaries bundling various insurance products.
- Up to 10% Low-Mileage Discount: Missionaries with low annual mileage can enjoy additional savings on their Nationwide life insurance premiums.
- Technology Integration: Nationwide insurance review & ratings accentuate focus on integrating technology, potentially enhancing the policyholder’s experience with a modern and convenient touch.
Cons
- Limited Global Coverage: Nationwide’s coverage may not be as extensive for missionaries working on a global scale.
- Possibly Higher Premiums for Technology Integration: While technology integration is a pro, it may contribute to slightly higher premiums for the added convenience.
#9 – Farmers: Best for Tailored Protection
Pros
- Customized Coverage: Farmers Insurance review & ratings highlight allowing missionaries to customize their coverage, tailoring policies to suit their specific needs.
- Up to 15% Multi-Policy Discount: Customers can save significantly by bundling multiple insurance policies with Farmers Insurance.
- Up to 5% Low-Mileage Discount: Missionaries with low annual mileage can benefit from additional premium savings.
Cons
- Possibly Higher Premiums for Customization: While customization is available, it may come at an additional cost, potentially impacting the overall affordability.
- Limited Military-Specific Benefits: Farmers Insurance may not offer specialized benefits or discounts for military personnel, which could be a drawback for certain missionaries.
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#10 – Liberty Mutual: Best for Tech-Driven Efficiency
Pros
- Technology Integration: Liberty Mutual review & ratings boast integration of technology for a modern and convenient insurance experience for missionaries.
- Up to 25% Multi-Policy Discount: Significant savings are available for customers who bundle multiple insurance policies with Liberty Mutual.
- Up to 10% Low-Mileage Discount: Missionaries with low annual mileage can enjoy additional savings on their Liberty Mutual premiums.
Cons
- Possibly Higher Premiums for Technology Integration: While technology integration is a pro, it may contribute to slightly higher premiums for the added convenience.
- Limited Military-Specific Benefits: Liberty Mutual may not provide specific benefits or discounts for military personnel, potentially affecting the appeal for some missionaries.
Understanding Life Insurance Costs for Missionaries
When it comes to securing the financial well-being of missionaries, life insurance plays a crucial role in providing a safety net for their loved ones. To help prospective policyholders make informed decisions as to which type of policy is best or who has lowest insurance rates, we explore the average monthly life insurance rates offered by prominent insurance companies, focusing on both minimum and full coverage amounts.
These rates can significantly vary across insurers, reflecting diverse coverage options and pricing structures. Understanding these specifics is essential for missionaries seeking reliable protection tailored to their unique needs.
Missionaries Life Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
 | $24 | $115 |
 | $26 | $125 |
| $27 | $130 |
| $23 | $112 |
| $19 | $98 |
 | $20 | $100 |
 | $21 | $105 |
 | $22 | $110 |
 | $18 | $95 |
 | $25 | $120 |
Examining the minimum and full coverage rates across various insurance providers reveals a spectrum of options for missionaries. What is the most recommended life insurance? New York Life Insurance offers a minimal coverage plan starting at $20 per month, while their comprehensive coverage extends to $100. Similarly, USAA provides a minimum coverage option at $25, with a full coverage plan reaching $120 monthly.
Prudential sets a minimum of $22 for coverage, escalating to $110 for a more extensive policy. State Farm, on the other hand, caters to missionaries with a minimum coverage rate of $18, while the premium for full coverage stands at $95. Northwestern Mutual’s rates start at $21 for minimum coverage and peak at $105 for comprehensive protection.
Allstate offers a minimum coverage plan of $24 and a full coverage option at $115, demonstrating the variability in pricing strategies among insurers. MassMutual presents a minimum coverage rate of $23, with a corresponding full coverage plan at $112. Nationwide’s rates start at $19 for minimum coverage and increase to $98 for a comprehensive policy.
Farmers Insurance has a minimum coverage option priced at $26, while the full coverage rate is $125. Finally, Liberty Mutual rounds off the list with a minimum coverage rate of $27, reaching $130 for those seeking maximum protection. The diverse range of rates offered by these insurers underscores the importance of assessing individual needs to choose a plan that aligns with the financial security goals of missionaries.
Life Protection for Missionaries Explained
As a missionary, you travel a lot and often spend long stretches of time overseas. This creates a greater level of risk for an insurance company. This extra risk means traditional insurance providers may require a higher rate for coverage. This is why life insurance for ex-pats is often higher. Some insurance companies may not offer a policy at all.
If you are on a mission that takes you out of the country for an extended period — as mission work often does — a domestic life insurance policy may not even cover you if something were to happen to you while you are away. For this reason, it’s important to find the right insurance policy to cover you as a missionary.
Tracey L. Wells Licensed Insurance Agent & Agency Owner
A standard life insurance policy simply won’t offer you and your loved ones the peace of mind you need. This doesn’t mean you shouldn’t also have domestic life insurance, but you should also consider adding additional coverage for your missionary work.
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Navigating Life Insurance Policies Catering to Missionaries
If you’ll be traveling internationally for extended stretches of mission work, you’ll want to look for an international life insurance policy. This will ensure you’re covered if something were to happen to you while in another country. That way, your family will receive a payout from insurance if you happen to lose your life on your mission.
Because mission work is typically done through a church, there’s a possibility that your church or other organization you are affiliated with will provide missionary life insurance. If this isn’t the case, then you’ll have to find an insurance provider for yourself that will cover you even while outside of the country.
To find an insurer that has policies specifically catered to missionaries, shop around for the best rates by getting insurance quotes online. This type of life insurance policy is likely to be more expensive than the average policy, so it’s especially important to find the best rate possible.
You may also be able to find group life insurance plans for all the members of your mission. If the church or organization doesn’t provide a life insurance policy, it may be worth looking into a group plan. There are many types of group life insurance policies available. This may be something you can bring to the attention of your church or sponsoring organization.
Case Studies: Importance of Missionary Life Insurance
Explore real-life scenarios highlighting the significance of missionary life insurance. These case studies demonstrate how adequate coverage can provide financial security and peace of mind for missionaries and their families in various situations.
- Case Study #1 – Protecting Against Unexpected Illness: A missionary required emergency medical evacuation due to critical illness. Her comprehensive international life insurance policy covered the expenses, ensuring timely treatment without financial burden to her family back home.
- Case Study #2 – Providing for Loved Ones in the Event of Tragedy: After a tragic accident claimed the life of a missionary, his family faced financial uncertainty. However, his tailored life insurance policy for missionaries provided them with financial support and stability during their time of grief.
- Case Study #3 – Navigating Legal Challenges Abroad: When a missionary teacher encountered legal challenges in a foreign country, her insurance provider offered legal assistance and support, enabling her to continue her vital mission work without interruption.
These case studies underscore the importance of missionary life insurance in safeguarding against unforeseen circumstances and ensuring the continuation of essential mission work. By choosing the right insurance and comprehensive coverage, missionaries can embark on their journeys with confidence, knowing their loved ones and missions are protected, no matter what challenges arise.
Key Takeaways: Life Insurance for Missionaries
In conclusion, securing adequate or best insurance for missionaries is crucial, given the unique risks they face during their global missions. Companies like New York Life, USAA, and Prudential offer tailored solutions with discounts of up to 30%, ensuring financial security for missionaries and their families. Who is number 1 in life insurance for missionaries? New York Life is the overall top pick.
These companies not only provide competitive rates but also prioritize flexibility and exceptional customer service, further enhancing peace of mind for missionaries around the world. As missionaries navigate the complexities of their missions, having reliable and best life insurance coverage allows them to focus wholeheartedly on their vital work.
Jimmy McMillan Licensed Insurance Agent
By carefully assessing individual needs and preferences and exploring specialized insurance options, missionaries can safeguard their futures and ensure their loved ones’ financial well-being, no matter where their missions take them. With a diverse range of rates and coverage options available, missionaries can find the best-suited policy and embark on their missions with confidence.
Safeguard your family’s future while saving on coverage — enter your ZIP code below to compare life insurance quotes with our free tool today.
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Frequently Asked Questions
What is life insurance for missionaries?
Life insurance for missionaries is crucial, considering the unique risks involved in their work. Traditional policies may not cover international missions, making it necessary to explore specialized insurance that provides coverage during extended periods abroad.
How much is life insurance for missionaries?
Life insurance rates for missionaries can vary significantly. For example, New York Life Insurance offers a minimal coverage plan starting at $20 per month, while their comprehensive coverage extends to $100. USAA provides a minimum coverage option at $25, with a full coverage plan reaching $120 monthly.
Discover more on our “How does the insurance company determine my premium?“.
What type of life insurance policy covers missionaries?
Missionaries should consider international life insurance policies that cover them during extended periods of mission work abroad. Some organizations may offer missionary-specific coverage, and shopping around for the best rates is essential.
Stop overspending on life insurance. Use our tool below to compare rates from top providers near you.
How do I find the best rates for missionary life insurance?
Traditional insurance companies may offer higher rates for missionaries, so it’s advisable to explore smaller or niche insurance providers. Case studies highlight companies like GraceLife, FaithShield, SpiritLife, HopeGuard, and ServantShield that offer tailored coverage for missionaries.
Can missionaries get group life insurance plans?
Yes, missionaries may explore group life insurance policies offered by their church or sponsoring organization. Group plans can provide coverage for all members of the mission, offering a collective approach to securing financial protection.
What type of life insurance has the highest premium?
Whole life insurance typically carries the highest premiums among policy options due to its guaranteed death benefit and fixed cash value growth.
How do I know if my life insurance has cash value?
In your life insurance statements, you’ll usually see it itemized separately. During the initial years of coverage, the net cash value tends to be lower than the total accumulated cash value due to deductions for fees and surrender charges.
How do you calculate cash value of life insurance?
Thankfully, determining your cash value is straightforward. Begin by tallying the sum of all payments you’ve contributed to your life insurance policy. Next, deduct the surrender fees imposed by your insurance provider. The resulting amount represents the potential payout upon termination or surrender of your life insurance.
Is life insurance paid forever?
Whole life insurance provides coverage for the insured individual until their passing. Upon the insured’s death, it will disburse the coverage amount specified by the policy, as long as the policy remains in force.
What are the 3 main types of life insurance?
Term life insurance, whole life insurance (which is a permanent policy), and universal life insurance (also a permanent policy) are three distinct types of life insurance options available to individuals seeking financial protection for their loved ones or estate planning purposes.
If you’re looking for affordable life insurance premiums, try our comparison tool below and find the cheapest coverage that fits your needs.
How to use life insurance while alive?
You might consider leveraging your policy for a loan, accessing the accumulated cash value, exploring living benefit riders, or even selling your policy. A financial advisor can assist you in incorporating a life insurance policy into your overall financial strategy. Connect with an advisor today to explore your options.
Explore further insights on our “Borrowing Against Life Insurance – What You Need to Know“.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
