Best Life Insurance in McKinney, TX (October 2024)

Based on our analysis, Protective is the best life insurance provider in McKinney, Texas, for both men and women. The company has a MoneyGeek score of 92 for women with a monthly premium of $42, and a score of 91 for men with a monthly premium of $79. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors should be considered when deciding on the type of life insurance to buy, as individual needs may vary. Protective’s high scores indicate strong performance across various metrics, but your unique needs may mean a different company is best for you.

In McKinney, Protective offers the best life insurance for both men and women with a MoneyGeek score of 91 and 92 out of 100 and average monthly premiums of $79 and $42, respectively.

Top providers for men:

• Protective: MoneyGeek score of 91 out of 100 at $79 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at 78 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $42 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $56 per month for women

Protective stands out for its high MoneyGeek scores and affordable premiums, making it a solid choice for individuals looking to purchase life insurance in McKinney. The company's strong customer satisfaction and financial stability ratings further enhance its appeal.

The Mutual of Omaha is the best term life insurance provider for men in McKinney with a MoneyGeek score of 91 and an average monthly premium of $38, while Protective leads for women with a score of 92 and a monthly premium of $23. These companies offer reliable coverage and competitive rates, making them a strong choice for individuals seeking term life insurance. The average individual can benefit from their financial stability and customer satisfaction ratings.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $38 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $39 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $23 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $31 per month for women

Term life insurance is a policy where you pay premiums for a specified term, and if you pass away during this term, a death benefit is paid out to your beneficiaries. It's often chosen over permanent life insurance for its affordability and simplicity. For example, a parent might buy term insurance to ensure their child's education expenses are covered in the event of their untimely death.

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

Top whole life companies for men in McKinney:

• 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 McKinney:

• 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, which can be a financial asset during their lifetime.

In McKinney, Protective stands out as the provider with the best universal life insurance for both men and women, boasting a MoneyGeek score of 91. This high score indicates that Protective is likely to offer the quality and reliability individuals seek when purchasing life insurance. The company's strong performance across various metrics suggests that customers can expect a satisfactory buying process and financial stability, two important factors in choosing a life insurance provider.

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 insurance with an investment savings element. For example, someone might choose universal life insurance over term life insurance for the potential to accumulate cash value that can be used in retirement or to help manage financial needs at different life stages.

Protective offers the best life insurance without a medical exam for both men and women in McKinney, 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.

In McKinney, Mutual of Omaha stands out with a MoneyGeek score of 91 and a monthly premium of $156 for men, while Protective leads for women with a score of 92 and a $99 premium. Age notably affects life insurance costs, with premiums typically increasing as one gets older.

The high MoneyGeek scores for these companies reflect their strong customer satisfaction, financial stability, and product diversity, vital for seniors seeking the best term life insurance for seniors. These factors ensure that seniors in McKinney can find reliable coverage that fits their needs.

For men seeking the best term life insurance for smokers, Mutual of Omaha leads with a MoneyGeek score of 91 and a monthly premium of $86. Women find their top option in Allstate, scoring 89 with an average $44 monthly premium.

Smoking is a significant factor in determining life insurance premiums due to the associated health risks. Insurers like Mutual of Omaha and Allstate evaluate these risks and offer tailored premiums. A high MoneyGeek score indicates a balance of affordability, customer satisfaction, and financial stability, crucial for individuals who want assurance in their insurance provider's reliability and service quality.

For the best term life insurance for young adults in McKinney, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $24 for men and $14 for women.

Age plays a significant role in determining life insurance premiums. Younger adults generally benefit from lower rates due to their lower risk of health issues. Protective's high MoneyGeek score is a result of its strong affordability, excellent customer satisfaction and solid financial stability.

Nationwide offers the best cheap term life insurance for men in McKinney, with a MoneyGeek score of 93 and a monthly premium of $35. For women, Protective is the top choice, scoring 92 with a monthly premium of $23.

Several factors influence life insurance premiums, including age, health, coverage amount, and term length. To get the lowest premiums, maintain good health, avoid tobacco, and choose a shorter term length.

Nationwide's high MoneyGeek score for men reflects its strong affordability and buying process scores. Protective's score for women highlights its affordability and customer satisfaction. Choosing the best cheap term life insurance in McKinney ensures you get the best value without overspending.

The average monthly premium for term life insurance in McKinney is $71 for men and $43 for women. These costs are influenced by various factors such as age, health, lifestyle, coverage amount, and policy term. Understanding these factors can help you make informed decisions when purchasing life insurance.

Several reasons might explain why the cost of life insurance in McKinney differs from the rest of Texas. Local health statistics can impact premiums, as areas with higher health risks might see higher costs. Regional economic conditions also play a role; areas with higher living costs might have higher insurance premiums.

The level of competition among insurance providers in McKinney can affect pricing, as more competition often leads to lower premiums. Additionally, crime rates in the area can influence life insurance costs, with higher crime rates potentially leading to higher premiums.