Updated: November 21, 2024
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Protective is the best life insurance company in Laredo, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $37 and $21, respectively. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider your age, health and financial situation. While Protective has the highest scores in our analysis, your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Laredo, Texas.
We updated life insurance providers' coverage costs and company information in October 2024.
BestLife InsuranceLaredo, TXBest Life Insurance Companies in Laredo
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Laredo, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $37 and $21, respectively.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and affordable premiums make it an excellent choice for life insurance.
Protective is Laredo's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $37 and $21, respectively.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Mutual of Omaha is the best term life insurance provider for men in Laredo, with a MoneyGeek score of 91 and an average monthly premium of $18. For women, Protective leads with a score of 92 at $12 monthly. These companies offer a balance of affordability, customer satisfaction and financial stability.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a specific period, offering financial protection to beneficiaries if the policyholder dies during that term. For example, a parent may choose it to cover their children's education and living expenses until they reach adulthood, avoiding the higher premiums of permanent life insurance.
Mutual of Omaha is the top term life insurance provider for men in Laredo, with a MoneyGeek score of 91 and a monthly premium of $18. The company's high customer satisfaction and financial stability ratings reflect its commitment to excellence.
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Protective is the top choice for women seeking term life insurance in Laredo, with a MoneyGeek score of 92. It offers a low monthly premium of $12 for excellent coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Laredo, with a MoneyGeek score of 92 for men and women. This score reflects strong performance across various metrics, making it an excellent choice for reliable and comprehensive coverage.
Whole life insurance provides lifelong coverage and a cash value component for long-term stability and potential cash accumulation. Some might choose it to ensure their family's financial security while also building a cash reserve for future needs.
Protective is Laredo's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to excellence and value.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective has Laredo's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects excellence in affordability, customer satisfaction and financial stability.
Universal life insurance is a permanent policy offering a death benefit and a cash value component, which can grow over time. Someone who wants the potential to access cash value in the future or adjust their premium payments might choose universal life over term life insurance, which provides coverage only for a specified period.
Protective is Laredo's leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects a strong balance of affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
In Laredo, Protective offers the best life insurance without a medical exam requirement. With a MoneyGeek score of 91 for men and women, it balances cost with quality service and reliable coverage.
Life insurance with no mandatory medical exam provides coverage without a health checkup, benefiting those who need insurance quickly or have health issues that might make traditional policies harder to get. Someone with a chronic illness may choose this option to avoid the risk of denial or high premiums.
Protective is the top choice for life insurance without the hassle of a medical examination in Laredo. Its MoneyGeek score of 91 for men and women demonstrates a strong balance of affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For older men seeking the best term life insurance for seniors in Laredo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $73. Protective is the top choice for women, scoring 92 and charging $49 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.
| 1 | Mutual of Omaha | $73 | 91 |
| 2 | Nationwide | $61 | 91 |
| 3 | Protective | $79 | 90 |
| 4 | Prudential | $73 | 86 |
| 5 | Transamerica | $84 | 86 |
| 6 | Allstate | $99 | 86 |
| 7 | AAA | $116 | 85 |
| 8 | State Farm | $110 | 85 |
| 9 | Haven | $134 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
For men seeking the best term life insurance for smokers in Laredo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $40. Women will find Allstate as the top option, scoring 89 with a monthly premium of $22.
Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. Mutual of Omaha and Allstate's high scores reflect their balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $40 | 91 |
| 2 | Nationwide | $37 | 90 |
| 3 | Allstate | $36 | 88 |
| 4 | Transamerica | $37 | 88 |
| 5 | Protective | $57 | 88 |
| 6 | Prudential | $34 | 88 |
| 7 | State Farm | $53 | 85 |
| 8 | AAA | $66 | 85 |
| 9 | Haven | $65 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in Laredo, with a MoneyGeek score of 92 and average monthly premiums of $11 for men and $7 for women.
Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high affordability, customer satisfaction and financial stability scores contribute to its top ranking.
| 1 | Protective | $11 | 92 |
| 2 | Mutual of Omaha | $11 | 91 |
| 3 | Nationwide | $11 | 91 |
| 4 | Transamerica | $12 | 87 |
| 5 | AAA | $18 | 85 |
| 6 | Prudential | $15 | 85 |
| 7 | State Farm | $19 | 85 |
| 8 | Allstate | $18 | 85 |
| 9 | Haven | $15 | 84 |
| 10 | Bestow | $20 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
For the best cheap term life insurance in Laredo, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $17. Protective is the top option for women, with a MoneyGeek score of 92 at $12 monthly.
Factors affecting premiums include age, health and coverage amount. To get the lowest rates, maintain a healthy lifestyle, choose a suitable coverage amount and compare different providers.
| 1 | Nationwide | $17 | 93 |
| 2 | Mutual of Omaha | $18 | 91 |
| 3 | Protective | $18 | 91 |
| 4 | Transamerica | $20 | 88 |
| 5 | Prudential | $22 | 86 |
| 6 | AAA | $28 | 84 |
| 7 | Allstate | $28 | 84 |
| 8 | State Farm | $29 | 82 |
| 9 | Haven | $25 | 82 |
The average monthly costs of term life insurance in Laredo are $29 for men and $24 for women.
Many factors influence costs, including age, health, lifestyle, occupation, coverage amount and term length. Insurers assess them to determine the risk of providing coverage.
Life insurance costs in Laredo may differ from the rest of Texas due to various local factors, such as health trends, economic conditions and city-specific risk factors. Competition among insurers in Laredo can also impact pricing, causing variations compared to other areas in the state.
Protective offers the best life insurance for men in Laredo, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Laredo, offered by Protective, is $37.
Protective offers the best life insurance for women in Laredo, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Laredo, offered by Protective, is $21.
Life insurance in Laredo is generally similar to that in the rest of Texas. However, specific benefits and costs may vary based on local demographics and economic factors. For example, Protective offers competitive rates and high customer satisfaction scores in Laredo. Comparing policies from different companies can help you find the best deal.
If a life insurance company in Laredo goes bankrupt, state guaranty associations. ensure that policyholders receive coverage up to certain limits.
Laredo residents might need life insurance for financial security and peace of mind. It can cover funeral expenses, pay off debts and provide for family members in case of the policyholder's death.
Contact the insurance company directly to find a lost life insurance policy in Laredo. If that doesn't work, use state resources like the Texas Department of Insurance. They can help locate lost policies and provide guidance on the next steps.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
