Best Life Insurance in Abilene, TX (October 2024)

In Abilene, Texas, Protective is the best life insurance provider for men and women. With a MoneyGeek score of 92 for women and 91 for men, the company offers a balance of affordability and reliability. The average monthly premium is $26 for women and $40 for men. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors should be considered when deciding what type of life insurance to buy. Your unique needs may mean a different company is best for you.

Protective is the best life insurance provider for men and women in Abilene. It has a MoneyGeek score of 91 out of 100 for men and an average monthly premium of $40. For women, it has a MoneyGeek score of 92 out of 100 and a monthly premium of around $26.

Top providers for men:

• Protective: MoneyGeek score of 91 out of 100 at $40 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $40 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $26 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $35 per month for women

Protective's high MoneyGeek scores reflect its affordability, customer satisfaction and financial stability. These factors make it a reliable option for the average individual seeking life insurance in Abilene.

In Abilene, Protective provides the best term life insurance, with a MoneyGeek score of 91 for men and 92 for women. Its average monthly premiums are $20 and $14, respectively. These scores reflect a strong combination of affordability, customer satisfaction and financial stability.

The top two term life insurance companies for men are:

• Protective: MoneyGeek score of 91 out of 100 at $20 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $19 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $14 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $20 per month for women

Term life insurance is a policy that provides coverage for a specified term, offering a death benefit to beneficiaries if the policyholder passes away during the term. For example, a parent might choose term life insurance to ensure their child's educational expenses are covered until graduation.

In Abilene, Protective provides the best whole life insurance for men and women, with a MoneyGeek score of 92 for both. This score reflects a strong combination of affordability, customer satisfaction and financial stability, making Protective an excellent choice for individuals seeking a reliable insurance policy.

Top whole life companies for men in Abilene:

• Protective: MoneyGeek score of 92 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Abilene:

• Protective: MoneyGeek score of 92 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance is a permanent policy that provides coverage for the insured's entire lifetime. It often includes a savings component that can accumulate cash value. For example, someone might choose whole life insurance over term policies for the added benefit of cash value growth, which can serve as a financial resource later in life.

For those seeking the best universal life insurance in Abilene, Protective stands out with a MoneyGeek score of 91 for men and women. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a reliable choice for the average individual looking for a life insurance policy that offers flexibility and long-term financial security.

Best universal life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best for women's universal life insurance:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance is a type of permanent life insurance that offers a death benefit and a savings component that can grow on a tax-deferred basis. This flexibility can be particularly appealing for those who want the potential to adjust premiums and benefits as their financial circumstances change. For example, an individual might choose universal life insurance over term life to build cash value that they can borrow against in the future.

For the best no-medical-exam life insurance in Abilene, Protective stands out with a MoneyGeek score of 91 out of 100 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability, making Protective a solid choice for the average individual seeking coverage without the hassle of a medical exam.

Best no-medical-exam life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Life insurance without a required medical exam allows individuals to obtain coverage more quickly and with less effort than traditional policies. For example, someone with a busy lifestyle or minor health issues might choose this insurance to avoid the time-consuming health assessments and potentially higher premiums associated with full underwriting.

For men seeking the best term life insurance for seniors in Abilene, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $79. Protective is the top choice for women, with a MoneyGeek score of 92 and an average monthly premium of $62.

As individuals age, the cost of life insurance premiums typically increases. This is due to insurers' risk assessment, which correlates higher risk with advancing age. Mutual of Omaha's and Protective's MoneyGeek scores represent affordability, strong customer satisfaction and financial stability. These factors are pivotal for seniors prioritizing security and value in their life insurance selection.

For men seeking the best term life insurance for smokers in Abilene, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $44. Women will find Allstate the top choice, with a MoneyGeek score of 89 and an average monthly premium of $27.

Smoking is a key factor in determining life insurance premiums, as it is associated with a variety of health risks, leading to higher costs for smokers compared to nonsmokers. Mutual of Omaha's and Allstate's high MoneyGeek scores are due to their balance of affordability, customer satisfaction, seamless buying process, financial stability and product diversity. These scores are critical for smokers in Abilene who are looking for dependable coverage that meets their unique needs.

For the best term life insurance for young adults in Abilene, Protective stands out with a MoneyGeek score of 92 for men and women. Its average monthly premiums are $9 for women and $12 for men. Its high MoneyGeek score reflects its strong performance in customer satisfaction, financial stability and affordability.

Age is a key factor in determining the cost of life insurance premiums. Younger adults generally benefit from lower premiums due to their lower risk profile. Protective offers a reliable and cost-effective option for young adults in Abilene seeking the best term life insurance.

For the best cheap term life insurance for men in Abilene, Nationwide leads with a MoneyGeek score of 93 and an average monthly premium of $18. For women, Protective tops the list with a MoneyGeek score of 92 and a monthly premium of around $14. Nationwide and Protective excel in affordability, customer satisfaction and financial stability.

Factors influencing life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain good health, choose a shorter term length and select a lower coverage amount.

The average monthly cost of term life insurance in Abilene is $29 for men and $24 for women.

Many factors influence life insurance premiums, including age, health, lifestyle, occupation, the amount of coverage and the length of the term. Insurers assess these factors to determine the risk associated with providing coverage.

Life insurance costs in Abilene may differ from those in the rest of Texas due to various local factors. Health trends, economic conditions and specific risk factors unique to the area can impact premium costs. Additionally, competition among insurers in Abilene can affect pricing, leading to variations compared to other regions in Texas.