Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Plano, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $74 and $44, 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 Plano, Texas.
We updated life insurance providers' coverage costs and company information in October 2024.
BestLife InsurancePlano, TXBest Life Insurance Companies in Plano
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 Plano, with MoneyGeek scores of 91 for men and 92 for women at average monthly premiums of $74 and $44, respectively.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and competitive premiums make it an excellent choice for life insurance.
Protective is Plano's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $74 and $44, respectively.
Pros:
Cons:
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 Plano, with a MoneyGeek score of 91 and an average monthly premium of $36. For women, Protective leads with a score of 92 at $24 monthly. These companies offer exceptional value and customer satisfaction in their term life insurance products.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance is a straightforward protection plan where, in exchange for a monthly premium, the insurer promises a payout to beneficiaries if the insured passes away during the term. A parent may choose it to ensure funding for their child's education in case of their untimely death.
Mutual of Omaha is the top term life insurance provider for men in Plano, with a MoneyGeek score of 91 and a monthly premium of $36. It offers a balance of value and financial security.
Pros:
Cons:
Protective is the top choice for women seeking term life insurance in Plano, earning a MoneyGeek score of 92. With a monthly premium of around $24, the company provides an affordable and reliable insurance solution.
Pros:
Cons:
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 the best whole life insurance provider in Plano, with a MoneyGeek score of 92 for men and women. This score reflects the company's exceptional customer satisfaction, affordability and financial stability.
Whole life insurance is a permanent policy that provides coverage for the insured's lifetime, coupled with a savings component. It benefits those who want predictable premiums and a guaranteed death benefit, such as a parent looking to provide financial stability for their children regardless of when they pass away.
Protective is Plano's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to customer satisfaction and financial stability.
Pros:
Cons:
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 Plano's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability.
Universal life insurance offers flexibility in premiums and death benefits, making it suitable for long-term financial planning. Someone interested in adjusting their coverage as their life circumstances change might choose it over more rigid term life insurance.
Protective is Plano's leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects a strong balance between affordability and customer satisfaction, ensuring policyholders receive value and quality service.
Pros:
Cons:
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 Plano, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women indicates excellence in affordability, customer satisfaction, financial stability and product diversity.
Life insurance with no mandatory medical exam provides coverage without a health checkup. Someone with a busy schedule or a fear of medical procedures might opt for it to secure a policy promptly and with fewer hurdles.
Protective is the top choice for life insurance without the hassle of a medical examination in Plano. Its MoneyGeek score of 91 for men and women demonstrates its commitment to customer satisfaction and financial stability.
Pros:
Cons:
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 Plano, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $146. Protective is the top choice for women, scoring 92 and charging $102 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective balance cost, customer satisfaction and financial stability — key factors for seniors prioritizing security and value in life insurance.
| 1 | Mutual of Omaha | $146 | 91 |
| 2 | Nationwide | $121 | 91 |
| 3 | Protective | $157 | 90 |
| 4 | Prudential | $146 | 86 |
| 5 | Transamerica | $166 | 86 |
| 6 | Allstate | $197 | 86 |
| 7 | AAA | $230 | 85 |
| 8 | State Farm | $219 | 85 |
| 9 | Haven | $267 | 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 Plano, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $80. Women will find Allstate as the top option, scoring 89 with a monthly premium of $45.
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 | $80 | 91 |
| 2 | Nationwide | $75 | 90 |
| 3 | Allstate | $73 | 88 |
| 4 | Transamerica | $73 | 88 |
| 5 | Protective | $113 | 88 |
| 6 | Prudential | $68 | 88 |
| 7 | State Farm | $106 | 85 |
| 8 | AAA | $131 | 85 |
| 9 | Haven | $130 | 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 Plano, with a MoneyGeek score of 92 and average monthly premiums of $23 for men and $15 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 score.
| 1 | Protective | $23 | 92 |
| 2 | Mutual of Omaha | $22 | 91 |
| 3 | Nationwide | $22 | 91 |
| 4 | Transamerica | $25 | 87 |
| 5 | AAA | $35 | 85 |
| 6 | Prudential | $29 | 85 |
| 7 | State Farm | $37 | 85 |
| 8 | Allstate | $37 | 85 |
| 9 | Haven | $29 | 84 |
| 10 | Bestow | $39 | 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 Plano, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $33. Protective is the top option for women, with a MoneyGeek score of 92 at $24 monthly.
Factors affecting premiums include age, health, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, avoid tobacco and choose a term length and coverage amount that meets your needs.
| 1 | Nationwide | $33 | 93 |
| 2 | Mutual of Omaha | $36 | 91 |
| 3 | Protective | $37 | 91 |
| 4 | Transamerica | $40 | 88 |
| 5 | Prudential | $44 | 86 |
| 6 | AAA | $56 | 84 |
| 7 | Allstate | $56 | 84 |
| 8 | State Farm | $57 | 82 |
| 9 | Haven | $51 | 82 |
The average monthly premiums for term life insurance in Plano are $66 for men and $45 for women. Many factors affect costs, including age, health, lifestyle, occupation, policy term and coverage amount. Insurers assess them to determine the risk of insuring a person.
Life insurance costs in Plano may vary from the rest of Texas due to local health stats, cost of living, income levels and regional underwriting practices. Knowing these factors can help you find a policy that fits your needs and budget.
Protective is the best life insurance company for men in Plano, with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Plano is $74.
Protective is the best life insurance company for women in Plano, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Plano is $44.
Life insurance in Plano may differ from the rest of Texas due to the local cost of living and specific regional risks. For example, premiums in Plano might be higher or lower than in other Texas cities. Compare local options to find the best coverage for your needs.
If a life insurance company in Plano goes bankrupt, state guaranty associations usually step in to protect policyholders by covering claims up to certain limits.
Plano residents might need life insurance for various reasons, such as providing financial security for their families, covering debts and ensuring their loved ones can maintain their standard of living. It can also help with estate planning and covering final expenses.
To find a lost life insurance policy in Plano, check personal records and contact the deceased's financial advisors. You can also ask the Texas Department of Insurance for assistance. Online search tools and contacting the insurance company directly can also help.
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.
