Best Life Insurance in McAllen, TX (November 2024)

In McAllen, Texas, the best life insurance provider for both men and women is Protective. The MoneyGeek score for women is 92, with an average monthly premium cost of $24. For men, the MoneyGeek score is 91, with a monthly premium cost of $38. These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Different factors can influence the best life insurance choice for you. Your unique needs may mean a different company is best for you.

In McAllen, Protective offers the best life insurance for both men and women, with a MoneyGeek score of 91 out of 100 for men and 92 out of 100 for women. The monthly premium is $38 for men and $24 for women.

Top providers for men:

• Protective: MoneyGeek score of 91 out of 100 at $38 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $38 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $24 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $31 per month for women

Protective stands out for its high MoneyGeek scores, making it a reliable choice for the average individual looking to purchase life insurance in McAllen. The company offers competitive premiums and excellent customer satisfaction, ensuring peace of mind for policyholders.

In McAllen, Mutual of Omaha and Protective stand out as the leading providers of the best term life insurance for men and women respectively. Mutual of Omaha scores a MoneyGeek score of 91 with a monthly premium of $18 for men, while Protective leads for women with a score of 92 and a monthly premium of $13. These scores reflect the companies' commitment to affordability and customer satisfaction, making them prime choices for individuals seeking reliable term life insurance coverage.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $18 per month for men
• Protective: 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 $13 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $17 per month for women

Term life insurance is a straightforward insurance product that provides coverage for a specific period. For example, a parent might choose term insurance to ensure their child's education costs are covered in the event of their untimely passing.

Protective offers the best whole life insurance, with a MoneyGeek score of 92 for both men and women. This score suggests that Protective offers a blend of affordability, customer satisfaction and financial stability that is well-suited for the average individual.

Top whole life companies for men in McAllen:

• 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 McAllen:

• 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 a death benefit and accumulates cash value over time. Someone might choose best whole life insurance over term life insurance for its lifelong coverage and potential to grow cash value.

In McAllen, Protective offers the best universal life insurance, with a MoneyGeek score of 91 for both men and women. This company offers a dependable choice for individuals aiming for a balance between cost and coverage benefits. Protective's high score suggests strong customer satisfaction, financial stability, and product diversity, which are critical factors for anyone considering universal life insurance.

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 universal life insurance for women:

• 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 flexible policy that combines life coverage with an investment savings element. For example, if you desire a policy that adapts to your changing financial needs while providing a death benefit, universal life insurance might be the right choice.

Protective provides the best life insurance without a medical exam for both men and women in McAllen, with a MoneyGeek score of 91. This score indicates a robust offering that combines affordability, customer satisfaction and financial stability, making it an excellent choice for the average individual in the market for this type of insurance policy. The top MoneyGeek scores for this insurance are:

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

This type of life insurance does not require a medical examination for approval, offering a quicker and more convenient option for coverage. For instance, someone with a busy schedule or a dislike of medical appointments might choose this insurance to ensure they are covered without worrying about a traditional health assessment.

In McAllen, Protective stands out with the best term life insurance for seniors for women, boasting a MoneyGeek score of 91 and a monthly premium of $55. For men, Mutual of Omaha leads with a score of 91 and a premium of $76.

Age affects life insurance premiums, with costs typically rising as the insured person's age increases due to higher associated risks. Protective and Mutual of Omaha's top scores reflect a strong balance of affordability, customer satisfaction, and financial stability, which are key for seniors seeking reliable coverage.

For those seeking the best term life insurance for smokers in McAllen, Mutual of Omaha stands out with the highest MoneyGeek score of 91 for men. Men can expect an average monthly premium of $42. Allstate is the best choice for women with a score of 89 and a premium of $24. Smoking significantly influences life insurance premiums due to the associated health risks.

Insurers often charge smokers higher rates to offset the potential cost of claims stemming from smoking-related illnesses. Mutual of Omaha's high MoneyGeek score reflects its strong customer satisfaction, financial stability, and product diversity, making it a noteworthy choice for smokers in McAllen who prioritize these factors in their insurance provider.

The best term life insurance for young adults in McAllen is offered by Protective, with a MoneyGeek score of 92 and a monthly premium of $12 for men and $8 for women. Age plays a critical role in determining life insurance premiums. Younger adults often benefit from lower rates as they are generally healthier and less risky to insure.

Protective's high MoneyGeek score is due to its excellent affordability, customer satisfaction and financial stability. For young adults in McAllen, finding the best term life insurance involves considering both cost and reliability. Protective excels in these areas, making it a top choice for those seeking comprehensive coverage at a reasonable price.

For men, Nationwide offers the best cheap term life insurance in McAllen with a MoneyGeek score of 93 and an average monthly premium of $17. For women, Protective stands out with a MoneyGeek score of 92 and a monthly premium of $13.

Factors such as age, health and coverage amount significantly affect life insurance premiums. To get the lowest premiums, maintain a healthy lifestyle, avoid tobacco, and choose a shorter term length.

Nationwide and Protective have high MoneyGeek scores due to their affordability and strong customer satisfaction. These companies offer the best cheap term life insurance options in McAllen, ensuring value and reliability for policyholders.

The average monthly cost of term life insurance in McAllen is $29 for men and $24 for women. Many factors influence life insurance premiums. These include 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 McAllen may differ from 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 McAllen can affect pricing, leading to variations compared to other regions in the state.