Best Life Insurance in Amarillo, TX (October 2024)

Protective is the best life insurance provider for men and women in Amarillo, Texas, with a MoneyGeek score of 91 for men and 92 for women. It offers the highest-rated coverage at an average monthly premium of $43 for men and $28 for women. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Your unique needs may mean a different company is best for you. When deciding what type of life insurance to buy, consider factors such as coverage amount, term length, personal health and financial situation.

Protective offers the best life insurance in Amarillo, with a MoneyGeek score of 91 for men and 92 for women. Its average monthly premiums are $43 and $28, respectively.

Top providers for men:

• Protective: MoneyGeek score of 91 out of 100 at $43 per month for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $42 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $28 per month for women
• Mutual of Omaha: MoneyGeek score of 89 out of 100 at $36 per month for women

Protective's high scores reflect its strong financial stability, excellent customer satisfaction and diverse product offerings. These attributes make it a reliable choice for anyone looking to purchase life insurance in Amarillo.

For men looking for the best term life insurance in Amarillo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $21. Women will find Protective as the top choice, with a MoneyGeek score of 92 and an average monthly premium of $15. Their high scores reflect a strong balance of cost-effectiveness and reliable coverage, making them a smart choice for individuals seeking financial security for their loved ones.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $21 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $21 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $15 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $21 per month for women

Term life insurance is a form of life insurance that provides coverage at a fixed rate of payments for a limited period, known as the relevant term. For example, someone might choose term life insurance to ensure that their family can pay off a mortgage or fund a child's education in the event of their untimely death.

Protective provides the best whole life insurance in Amarillo for men and women, with a MoneyGeek score of 92 for both. It stands out for its affordability, customer satisfaction and financial stability.

Top whole life companies for men in Amarillo:

• 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 Amarillo:

• 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 provides lifetime coverage with the added benefit of accumulating cash value. This type of insurance is ideal for those who want consistent premiums and a guaranteed death benefit. For example, someone might choose whole life insurance to ensure their family's financial security, regardless of how long they live.

For those in Amarillo seeking the best universal life insurance, Protective stands out with a MoneyGeek score of 91 for men and women.

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 for women's universal life insurance:

• 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 offers flexibility in premiums and death benefits, which can appeal to individuals looking for long-term financial planning tools. For example, someone might prefer universal life insurance to ensure their coverage adapts to their changing financial situation.

Protective is the best no-medical-exam life insurance provider in Amarillo, with a MoneyGeek score of 91 for men and women. The company stands out for its competitive pricing and comprehensive coverage options, making it an ideal choice for the average individual seeking reliable life insurance without the hassle of a medical exam.

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

Life insurance with no mandatory medical exam allows individuals to obtain coverage quickly and without needing a medical assessment. For example, someone with a busy schedule or a fear of medical procedures may opt for this insurance over traditional policies to avoid delays or discomfort.

For men seeking the best term life insurance for seniors in Amarillo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $84. Protective is the best option for women, with a MoneyGeek score of 92 and an average monthly premium of $65.

Age is a determining factor in life insurance premiums; as age increases, so does the risk, leading to higher costs. Mutual of Omaha's and Protective's high MoneyGeek scores reflect their strong customer satisfaction, financial stability and product diversity. For seniors prioritizing reliability in their life insurance choice, these scores are a crucial indicator of quality.

For men seeking the best term life insurance for smokers in Amarillo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $46. Women will find Allstate as their top choice, with a MoneyGeek score of 89 and an average monthly premium of $29.

Smoking impacts life insurance premiums due to the associated health risks, leading to higher costs for smokers compared to nonsmokers. Mutual of Omaha and Allstate have achieved their leading scores by excelling in customer satisfaction, financial stability and product offerings. These scores are pivotal for smokers in Amarillo who prioritize dependable coverage and value in their life insurance policy choices.

For those seeking the best term life insurance for young adults in Amarillo, Protective tops the list with a MoneyGeek score of 92 for men and women. The average monthly premium is $9 for women and $13 for men. Protective's high MoneyGeek score is due to its strong affordability, customer satisfaction and financial stability scores.

Age plays a significant role in determining life insurance premiums. Younger individuals generally pay lower premiums as they are considered lower risk.

For men seeking the best cheap term life insurance in Amarillo, Nationwide tops the list with a MoneyGeek score of 93 and an average monthly premium of $19. For women, Protective leads with a MoneyGeek score of 92 and a monthly premium of around $15. These companies have high MoneyGeek scores due to their affordability, customer satisfaction and financial stability.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain good health, choose a shorter term length and opt for a lower coverage amount.

The average cost of term life insurance premiums in Amarillo is $28 per month for women and $38 per month for men.

Several factors affect the cost of life insurance premiums, including age, health, lifestyle, policy term and coverage amount. Each of these elements plays a role in determining the final premium.

Life insurance costs in Amarillo may differ from those in the rest of Texas due to local health statistics, economic factors and regional risk assessments. For example, if Amarillo has higher rates of certain health conditions, insurers might charge more. Economic factors such as income levels and employment rates can also influence premium costs. Additionally, regional risk assessments related to natural disasters or other local risks can impact insurance pricing.

Understanding these factors can help you make informed decisions when buying life insurance. Always compare policies and consider your personal circumstances to find the best coverage for your needs.