Life Insurance

Best Life Insurance Companies in Texas for 2024

According to our research, the best life insurance company in Texas is Central Insurance, with Insurance Texas at No. 2, and a tie for No. 3 between Insurance San Antonio and Insurance Dallas.

Insurance Dallas Logo

[ Insurance Dallas ]

AM Best Rating: A+

Female Monthly Cost: N/A

Male Monthly Cost: N/A

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Central Insurance Quote Logo

[ Central Insurance Quote ]

Insurance Texas Rating: 4.7 |

AM Best Rating: A++

Female Monthly Cost: N/A

Male Monthly Cost: N/A

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Insurance Texas Logo

[ Insurance Texas ]

Insurance Texas Rating: 4.4 |

AM Best Rating: A++

Female Monthly Cost: N/A

Male Monthly Cost: N/A

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Insurance
San Antonio

[ Insurance San Antonio ]

AM Best Rating: A++

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Life Insurance Quotes in Texas by ZIP

Below, you can get personalized life insurance quotes for your specific location in Texas.

What are the top-rated Best Texas Life Insurance Companies?

Central Insurance Quote
BEST LIFE INSURANCE IN TEXAS #1

Central Insurance Quote

AM Best Rating
A++

Term Life

Whole Life

universal

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Insurance Texas
BEST INSURANCE IN TEXAS #2

Insurance Texas

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Insurance Dallas
BEST INSURANCE IN TEXAS #3

Insurance Dallas

AM Best Rating
A+

Term Life

Whole Life

Universal Life

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Insurance
San Antonio
BEST INSURANCE IN TEXAS #4

Insurance San Antonio

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Bestow logo
BEST INSURANCE IN TEXAS #5

Bestow

AM Best Rating
A+

Term Life

Whole Life

Universal Life

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State Farm Insurance and Financial Services
BEST INSURANCE IN TEXAS #6

State Farm

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Our top life insurance providers in Texas are Insurance Dallas and Central Insurance Quote, ranked No. 1 and No. 2, respectively. Both companies operate mainly online and specialize in term life insurance policies. They, along with several other companies in our rating, offer term lengths ranging from 10 to 30 years. Insurance Dallas provides a single term option: a no-exam term policy, with an application process that can be completed entirely online. Haven Life is a digital insurance agency selling policies issued by Bestowl or C.M. Life Insurance Company, a Bestow subsidiary. Ranked No. 3 are Insurance Texas and Insurance San Antonio, which offer both term and permanent life insurance policies, including whole and universal life options.

What Are the Best Term Life Insurance Companies in Texas?

Central Insurance Quote
BEST TERM LIFE INSURANCE IN TEXAS #1

Central Insurance Quote

AM Best Rating
A++

Term Life

Whole Life

universal

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Insurance Texas
BEST TERM INSURANCE IN TEXAS #2

Insurance Texas

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Insurance Dallas
BEST TERM INSURANCE IN TEXAS #3

Insurance Dallas

AM Best Rating
A+

Term Life

Whole Life

Universal Life

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Insurance
San Antonio
BEST TERM INSURANCE IN TEXAS #4

Insurance San Antonio

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Bestow logo
BEST TERM INSURANCE IN TEXAS #5

Bestow

AM Best Rating
A+

Term Life

Whole Life

Universal Life

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State Farm Insurance and Financial Services
BEST TERM INSURANCE IN TEXAS #6

State Farm

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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The top term life insurance company in Texas is Central Insurance Quote, with Insurance Texas at No. 2. State Farm and USAA are tied for No. 3, while Insurance Dallas and Insurance San Antonio share the No. 5 spot. A term life insurance policy covers a specific period called the term. All the companies in our top five offer terms ranging from 10 to 30 years, which are common lengths, but not the only options. For instance, Insurance Texas provides terms as short as five years, and Insurance San Antonio offers a one-year policy known as an annual renewable term (ART).

It's crucial to understand that a term policy is only valid for the term duration. If the insured person dies within the term, the death benefit is paid to the beneficiary. However, if the insured dies after the term expires, no death benefit is paid. Some companies offer the option to convert a term policy to a permanent one, such as a whole or universal life policy, at the end of the term.

Life Insurance Quotes in Texas by ZIP

Below, you can get personalized life insurance quotes for your specific location in Texas.

What Are the Best Whole Life Insurance Companies in Texas?

Central Insurance Quote
BEST WHOLE LIFE INSURANCE IN TEXAS #1

Central Insurance Quote

AM Best Rating
A++

Term Life

Whole Life

universal

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Insurance Texas
BEST WHOLE INSURANCE IN TEXAS #2

Insurance Texas

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Insurance
San Antonio
BEST WHOLE INSURANCE IN TEXAS #3

Insurance San Antonio

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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State Farm Insurance and Financial Services
BEST WHOLE INSURANCE IN TEXAS #4

State Farm

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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Central Insurance Quote and Insurance Texas are tied for the No. 1 spot in our rating of the best whole life insurance companies in Texas. They are followed by Insurance San Antonio and State Farm in a tie for No. 3.

Whole life insurance is a type of permanent life insurance that typically lasts for the insured's lifetime, accumulates cash value, and may pay dividends. The cash value acts like a savings account, allowing policyholders to take loans against it or use it to pay premiums. However, the death benefit is reduced if these funds are not repaid. The cash value grows through premium payments and a fixed interest rate set by the insurer. Due to the inclusion of cash value, whole life policies are generally more expensive than term policies.

What Are the Best Universal Life Insurance Companies in Texas?

Central Insurance Quote
BEST UNIVERSAL LIFE INSURANCE IN TEXAS #1

Central Insurance Quote

AM Best Rating
A++

Term Life

Whole Life

universal

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Insurance Texas
BEST UNIVERSAL INSURANCE IN TEXAS #2

Insurance Texas

AM Best Rating
A++

Term Life

Whole Life

Universal Life

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According to our research, Central Insurance Quote holds the top position among the best universal life insurance companies in Texas, sharing the No. 1 spot. Insurance Texas follows closely, tied for the No. 2 position.

Similar to whole life insurance, universal life insurance generally lasts for the insured's lifetime and has a cash value. However, universal policies typically do not earn dividends, and the cash value accrues differently. Universal life policies offer more flexibility, allowing adjustments to the death benefit and premiums.

While the cash value in a whole life policy grows at a fixed interest rate set by the company, the cash value in a universal policy is based on money market rates and can fluctuate.

There are subtypes of universal life insurance, such as indexed universal life (IUL) and variable universal life (VUL). The primary difference lies in how the cash value is invested. The interest rate for an IUL's cash value is tied to a stock market index, while a VUL policy's funds are invested in subaccounts linked to financial markets.

What Are the Best No Medical Exam Life Insurance Companies in Texas?

Central Insurance Quote
BEST LIFE INSURANCE IN TEXAS #1

Central Insurance Quote

AM Best Rating
A++

Term Life

Whole Life

universal

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

Insurance Texas
BEST INSURANCE IN TEXAS #2

Insurance Texas

AM Best Rating
A++

Term Life

Whole Life

Universal Life

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

Insurance Dallas
BEST INSURANCE IN TEXAS #3

Insurance Dallas

AM Best Rating
A+

Term Life

Whole Life

Universal Life

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

Insurance
San Antonio
BEST INSURANCE IN TEXAS #4

Insurance San Antonio

AM Best Rating
A++

Term Life

Whole Life

Universal Life

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

Bestow logo
BEST INSURANCE IN TEXAS #5

Bestow

AM Best Rating
A+

Term Life

Whole Life

Universal Life

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

State Farm Insurance and Financial Services
BEST INSURANCE IN TEXAS #6

State Farm

AM Best Rating
A++

Term Life

Whole Life

Universal Life

Get Started Today!

Compare quotes now and enjoy maximum savings hassle-free.

Central Insurance Quote is the top no-exam life insurance company in Texas, followed by Insurance Texas at No. 2. Insurance San Antonio and Insurance Dallas are tied for the No. 3 spot.

Many life insurance applications require a medical exam as part of the underwriting process, which helps insurance companies assess the risk of insuring an individual. Higher risk levels typically result in higher premiums. However, there are policies available for those who prefer to avoid the medical exam. One downside of a no-exam policy is that premiums might be higher compared to similar policies requiring an exam.

Two common types of no-exam policies are simplified issue and guaranteed issue. With a simplified issue policy, you will need to answer questions about your health and medical history, and may need to provide access to your medical records. A guaranteed issue policy does not require health questions, but coverage amounts are often limited.

Life Insurance Quotes in Texas by ZIP

Below, you can get personalized life insurance quotes for your specific location in Texas.

How to Choose the Best Life Insurance Company in Texas

Our top picks for the best life insurance companies in Texas are a great starting point, but these tips can help you find the best life insurance company for your needs:

  1. Determine the type of policy you want:

    As you shop, decide between the various types of life insurance:

    • Term life insurance: Covers a specific period.
    • Whole life insurance: Permanent, has a cash value, and may pay dividends.
    • Universal life insurance: Permanent, with a cash value tied to market performance.

    Knowing the type of policy you need can help you focus on companies that offer that type.

  2. Look for a financially sound company:

    Since life insurers might not pay claims for decades, choosing a financially stable company is crucial. You can check insurance companies' financial ratings on A.M. Best's website, which indicates their ability to pay claims on time.

  3. Evaluate customer satisfaction:

    Read online reviews for insights into customer experiences. Websites like the Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) are also useful resources.

  4. Compare quotes:

    Obtain life insurance quotes from at least three companies to narrow your options. Consider not only the premiums but also the policy type, coverage amount, and whether a medical exam is required.

Life Insurance Regulations in Texas

Life insurance regulations differ by state. In Texas, here are some key regulations:

  1. Review Period: Texas requires a minimum 10-day free look period for new policies. This allows you to review the policy and decide whether to cancel it. If you cancel within this time, you are entitled to a full refund of any premiums paid.
  2. Contestability Period: Texas has a two-year contestability period. If the insured dies during this time, the insurer can review the application and, if any inaccuracies or misstatements are found, may deny the death benefit.
  3. Grace Period: Texas mandates a minimum 31-day grace period for late premium payments. During this period, the policy remains active, though the insurer may charge interest on overdue payments.

Frequently asked questions

The value of life insurance depends on your current and future financial situation. It can provide financial security for your beneficiaries, ensuring they are cared for if your other assets are insufficient. Many people find that life insurance offers peace of mind, knowing that their loved ones will be supported financially after their death.

Yes, Arizona residents can obtain life insurance without undergoing a medical exam. Options such as simplified issue, guaranteed issue, and accelerated issue life insurance do not require a physical exam but may involve answering health-related questions or providing access to medical records.

Life insurance is a contract between an insurance company and a policyholder. The insurer agrees to pay a specified amount to a beneficiary upon the insured's death in exchange for regular premium payments. There are two main types: term life insurance, which covers a set period, and permanent life insurance, which provides lifelong coverage and includes a cash value component. Both types of payouts are tax-free and are regulated by the Arizona Department of Insurance and Financial Institutions.

Life insurance costs are influenced by factors such as age, gender, overall health, and lifestyle choices like tobacco use. Driving records may also affect premiums. Additionally, the type of policy, coverage amount, and term length play a role in determining the cost. Typically, younger, healthier individuals who do not smoke will have the lowest premiums.

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