Updated: November 22, 2024
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Protective is the best life insurance company in Richardson, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $57 and $40, respectively. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider factors like policy length, coverage amount and financial needs. While Protective has high scores and competitive premiums, your circumstances may lead you to a different provider.
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 Richardson, Texas.
We updated life insurance providers' coverage costs and company information in October 2024.
BestLife InsuranceRichardson, TXBest Life Insurance Companies in Richardson
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 Richardson, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $57 for males and $40 for females.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores indicate strong performance across affordability, customer satisfaction and financial stability.
Protective is Richardson's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $57 and $40, 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 Richardson, with a MoneyGeek score of 91 and an average monthly premium of $27. For women, Protective leads with a score of 92 at $22 monthly. These companies provide a balance of affordability, product diversity and customer service excellence.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a specific term and offers a death benefit if the insured passes away during that term. This straightforward protection plan has lower premiums than permanent life insurance. A parent might opt for a 20-year term policy to fund their child's education in case of their untimely death.
Mutual of Omaha is the top term life insurance provider for men in Richardson, with a MoneyGeek score of 91 and a monthly premium of $27. It's committed to providing quality service and value.
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Protective is the top choice for women seeking term life insurance in Richardson, earning a MoneyGeek score of 92. With a monthly premium of around $22, the company provides an affordable and reliable insurance solution.
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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 Richardson's best whole life insurance provider, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong performance across various metrics, including affordability, customer satisfaction and financial stability.
Whole life insurance is a type of permanent policy that offers a death benefit alongside a cash value component, which grows over time. Some might choose whole life insurance to ensure lifelong coverage and the potential to accumulate cash value that can be borrowed against in the future.
Protective is Richardson's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. It demonstrates a strong balance of customer satisfaction and affordability.
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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 Richardson's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects a balance of customer satisfaction and financial stability.
Universal life insurance is a permanent policy with an investment savings feature and flexible premiums. Some may prefer it over term life insurance for its potential to build cash value, which can be used later for retirement or as part of a financial plan.
Protective is Richardson's leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects a 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 Richardson, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women indicates a balance of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam provides coverage without a health checkup, appealing to those who need quick insurance or have health issues that make traditional policies costly or complex to get. For example, a busy professional or someone with a chronic condition might choose this option for its convenience and accessibility.
Protective is the top choice for life insurance without the hassle of a medical examination in Richardson. Its MoneyGeek score of 91 for men and women demonstrates its commitment to customer satisfaction and dependability.
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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 Richardson, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $112. Protective is the top choice for women, scoring 92 and charging $93 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective balance customer satisfaction and financial stability — key factors for seniors prioritizing security and value in life insurance.
| 1 | Mutual of Omaha | $112 | 91 |
| 2 | Nationwide | $93 | 91 |
| 3 | Protective | $121 | 90 |
| 4 | Prudential | $112 | 86 |
| 5 | Transamerica | $127 | 86 |
| 6 | Allstate | $151 | 86 |
| 7 | AAA | $176 | 85 |
| 8 | State Farm | $168 | 85 |
| 9 | Haven | $205 | 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 Richardson, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $62. Women will find Allstate as the top option, scoring 89 with a monthly premium of $41.
Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. Mutual of Omaha and Allstate earn high scores due to their balance of cost, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $62 | 91 |
| 2 | Nationwide | $57 | 90 |
| 3 | Allstate | $56 | 88 |
| 4 | Transamerica | $56 | 88 |
| 5 | Protective | $86 | 88 |
| 6 | Prudential | $52 | 88 |
| 7 | State Farm | $81 | 85 |
| 8 | AAA | $100 | 85 |
| 9 | Haven | $100 | 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 Richardson, with a MoneyGeek score of 92 and average monthly premiums of $17 for men and $13 for women.
Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high score is due to its affordability, excellent customer service and strong financial stability.
| 1 | Protective | $17 | 92 |
| 2 | Mutual of Omaha | $17 | 91 |
| 3 | Nationwide | $17 | 91 |
| 4 | Transamerica | $19 | 87 |
| 5 | AAA | $27 | 85 |
| 6 | Prudential | $22 | 85 |
| 7 | State Farm | $28 | 85 |
| 8 | Allstate | $28 | 85 |
| 9 | Haven | $22 | 84 |
| 10 | Bestow | $30 | 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 Richardson, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $25. Protective is the top option for women, with a MoneyGeek score of 92 at $22 monthly.
Factors affecting premiums include age, health, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, choose a shorter term and select a lower coverage amount.
| 1 | Nationwide | $25 | 93 |
| 2 | Mutual of Omaha | $27 | 91 |
| 3 | Protective | $28 | 91 |
| 4 | Transamerica | $30 | 88 |
| 5 | Prudential | $33 | 86 |
| 6 | AAA | $43 | 84 |
| 7 | Allstate | $43 | 84 |
| 8 | State Farm | $44 | 82 |
| 9 | Haven | $39 | 82 |
The average monthly premiums for term life insurance in Richardson are $51 for men and $40 for women. Several factors affect costs, including age, health, lifestyle, occupation, policy type and coverage amount. Insurers assess them to determine the risk of insuring a person.
Life insurance costs in Richardson may differ from those in the rest of Texas due to factors like local economic conditions, health statistics and insurer risk assessments. Higher health risks or a costly healthcare system could raise premiums, while a lower cost of living might reduce them.
Understanding these factors can help you find a policy that fits your needs and budget.
Protective has the best life insurance for men in Richardson, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Richardson is $57.
Protective has the best life insurance for women in Richardson, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Richardson is $40.
Life insurance in Richardson is similar to that of the rest of Texas. Companies like Protective offer competitive rates and strong customer service. However, residents may benefit from localized customer service and specific policy options tailored to the community's needs.
If a life insurance company in Richardson goes bankrupt, state guaranty associations ensure that policyholders continue to receive coverage and benefits, providing a safety net.
Richardson residents need life insurance for financial security and peace of mind. If the policyholder dies, it helps cover expenses like mortgages, education and daily living costs. It also supports dependents and can be part of a comprehensive financial plan.
Contact the insurance company directly to find and recover a lost life insurance policy in Richardson. You can also check with the Texas Department of Insurance or consult a financial advisor.
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.
