Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Wichita Falls, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $41 and $26, respectively. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider different factors such as your age, health and coverage needs. While Protective scores highly, 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 Wichita Falls, Texas.
We updated life insurance providers' coverage costs and company information in October 2024.
BestLife InsuranceWichita FallsBest Life Insurance Companies in Wichita Falls
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 Wichita Falls, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $41 for males and $26 for females.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and affordable premiums make it a reliable and cost-effective option.
Protective is Wichita Falls' top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $41 and $26, 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 Wichita Falls, with a MoneyGeek score of 91 and an average monthly premium of $20. For women, Protective leads with a score of 92 at $14 monthly. These providers 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 has a set term length, usually 10 to 30 years. It's a fit for those who seek coverage to protect their loved ones from financial strain in case of their untimely death. For instance, a parent might choose it to ensure funding for their child's education.
Mutual of Omaha is the top term life insurance provider for men in Wichita Falls, with a MoneyGeek score of 91 and a monthly premium of $20. It offers a balance of cost and quality coverage.
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Protective is the top choice for women seeking term life insurance in Wichita Falls, earning a MoneyGeek score of 92. With a monthly premium of around $14, it offers excellence and value.
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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 Wichita Falls' best whole life insurance provider, with a MoneyGeek score of 92 for men and women. This score indicates a strong combination of affordability, customer satisfaction and financial stability.
Whole life insurance offers lifelong coverage and a cash value component, making it a stable, long-term financial planning tool. For example, someone might choose it to ensure their family's financial security while investing in a policy accumulating cash value over time.
Protective is Wichita Falls' leading whole life insurance company, with a MoneyGeek score of 92 for men and women. Its high scores in multiple categories make it a reliable choice for consumers seeking comprehensive coverage and satisfaction in their insurance decisions.
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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 Wichita Falls' best universal life insurance, with a MoneyGeek score of 91 for men and women. Its high score reflects a strong balance of affordability, customer satisfaction and financial stability.
Universal life insurance provides flexible premiums and death benefits, making it appealing for those whose financial circumstances may change. Someone might choose it over term life insurance for the potential cash value growth, which can be used as a living benefit.
Protective is Wichita Falls' leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects the company's commitment to 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 Wichita Falls, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women indicates strong customer satisfaction, financial stability and product diversity.
Life insurance with no mandatory medical exam provides coverage without a health checkup, ideal for those with health concerns or needing quick coverage. Someone with a chronic condition might opt for this insurance to avoid the risk of higher rates or denial based on their health status.
Protective is the top choice for life insurance without the hassle of a medical examination in Wichita Falls. Its MoneyGeek score of 91 for men and women reflects the company's strong combination of customer satisfaction, affordability 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 Wichita Falls, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $80. Protective is the top choice for women, scoring 92 and charging $61 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective earn high MoneyGeek scores due to their strong performance across various factors, including affordability, customer satisfaction, financial stability and product diversity.
| 1 | Mutual of Omaha | $80 | 91 |
| 2 | Nationwide | $66 | 91 |
| 3 | Protective | $87 | 90 |
| 4 | Prudential | $80 | 86 |
| 5 | Transamerica | $91 | 86 |
| 6 | Allstate | $108 | 86 |
| 7 | AAA | $127 | 85 |
| 8 | State Farm | $120 | 85 |
| 9 | Haven | $147 | 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 Wichita Falls, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $44. Women will find Allstate as the top option, scoring 89 with a monthly premium of $27.
Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. Mutual of Omaha's and Allstate's high MoneyGeek scores suggest a balance of cost and quality service.
| 1 | Mutual of Omaha | $44 | 91 |
| 2 | Nationwide | $41 | 90 |
| 3 | Allstate | $40 | 88 |
| 4 | Transamerica | $40 | 88 |
| 5 | Protective | $62 | 88 |
| 6 | Prudential | $37 | 88 |
| 7 | State Farm | $58 | 85 |
| 8 | AAA | $72 | 85 |
| 9 | Haven | $72 | 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 Wichita Falls, with a MoneyGeek score of 92 and average monthly premiums of $12 for men and $9 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 | $12 | 92 |
| 2 | Mutual of Omaha | $12 | 91 |
| 3 | Nationwide | $12 | 91 |
| 4 | Transamerica | $14 | 87 |
| 5 | AAA | $19 | 85 |
| 6 | Prudential | $16 | 85 |
| 7 | State Farm | $20 | 85 |
| 8 | Allstate | $20 | 85 |
| 9 | Haven | $16 | 84 |
| 10 | Bestow | $22 | 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 Wichita Falls, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $18. Protective is the top option for women, with a MoneyGeek score of 92 at $14 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 | $18 | 93 |
| 2 | Mutual of Omaha | $20 | 91 |
| 3 | Protective | $20 | 91 |
| 4 | Transamerica | $22 | 88 |
| 5 | Prudential | $24 | 86 |
| 6 | AAA | $31 | 84 |
| 7 | Allstate | $31 | 84 |
| 8 | State Farm | $32 | 82 |
| 9 | Haven | $28 | 82 |
The average monthly premiums for term life insurance in Wichita Falls are $37 for men and $26 for women. Several factors affect costs, including age, health, lifestyle and coverage amount.
Life insurance costs in Wichita Falls may differ from those in other parts of Texas due to various factors, such as local health statistics, economic conditions and competition among insurers. Understanding these factors can help you make informed decisions when choosing a life insurance policy.
Protective has the best life insurance for men in Wichita Falls, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Wichita Falls is $41.
Protective offers the best life insurance for women in Wichita Falls, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Wichita Falls is $26.
Life insurance in Wichita Falls is similar to the rest of Texas. Protective ranks highly across the state, indicating consistent quality. However, local factors such as demographics and economic conditions may influence specific offerings and rates.
If a life insurance company in Wichita Falls goes bankrupt, state guaranty associations protect policyholders by ensuring that claims are paid and policies remain in force.
Wichita Falls residents might need life insurance to provide financial security for their families. It can cover funeral costs, debts and living expenses, ensuring financial support for loved ones after the policyholder's death.
Contact the insurance company directly to find a lost life insurance policy in Wichita Falls. Check bank statements for premium payments and use online search tools like the National Association of Insurance Commissioners' Life Insurance Policy Locator.
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.
