Best Life Insurance in El Paso, TX (October 2024)


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Protective is the best life insurance company in El Paso, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $37 and $25, respectively. These figures are based on a 20-year term policy with $500,000 coverage.

When choosing life insurance, consider various factors like your health, age and financial goals. Compare different options to find the best fit for your situation.

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 El Paso, Texas.

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Coverage costs and company information for life insurance providers were updated in October 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsuranceEl Paso, TX
2024

Best Life Insurance Companies in El Paso

Overall Best Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

Protective offers the best life insurance in El Paso, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $37 for males and $25 for females.

Top providers for men:

  • Protective: MoneyGeek score of 91 out of 100 at $37 per month
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $36 per month

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $25 per month
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $32 per month

Protective's high scores and competitive premiums make it an excellent choice for life insurance.

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MoneyGeek Top Pick
Protective

Protective is El Paso's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $37 and $25, respectively.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

For men seeking the best term life insurance in El Paso, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $18. Women find their top choice with Protective, scoring 92 at $13 monthly. These companies offer robust financial stability and high customer satisfaction.

Top term life insurance companies for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $18 per month
  • Protective: MoneyGeek score of 91 out of 100 at $18 per month

Top term life insurance companies for women:

  • Protective: MoneyGeek score of 92 out of 100 at $13 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $18 per month

Term life insurance provides a death benefit to beneficiaries if the insured passes away during the policy term. For example, a parent might purchase a 20-year term policy to fund their child's education in case of an untimely death.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top term life insurance provider for men in El Paso, with a MoneyGeek score of 91. Offering a monthly premium of $18, it ensures value without compromising quality.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Robust financial stability

Cons: Nothing significant

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MoneyGeek Top Pick
Protective

Protective is the top choice for women seeking term life insurance in El Paso. With a MoneyGeek score of 92 and a monthly premium of $13, it's an exceptional choice for value and security.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Solid financial stability

Cons: Nothing significant

Best Whole Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in El Paso, with a MoneyGeek score of 92 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability.

  • Protective: MoneyGeek score of 92 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

Whole life insurance provides lifelong coverage and a cash value component, ideal for those seeking a stable, long-term financial planning tool. Some might opt for it to ensure their family's financial security while investing in a policy that can build cash value over time.

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MoneyGeek Top Pick
Protective

Protective is El Paso's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong performance in customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable premiums for women
  • Strong financial stability

Cons:

  • Buying process could improve

Compare Life Insurance Rates

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.

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Insurance Rates

Best Universal Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

Protective has El Paso's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects a strong balance of affordability, customer satisfaction and financial stability.

  • Protective: MoneyGeek score of 91 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Universal life insurance is a flexible policy that combines life coverage with an investment component. Someone interested in long-term financial planning might choose it for its potential cash value growth, which can be borrowed against if needed.

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MoneyGeek Top Pick
Protective

Protective is the leading universal life insurance provider in El Paso, with a MoneyGeek score of 91 for men and women. This score reflects excellence in customer satisfaction and financial stability.

Pros:

  • High customer approval
  • Strong financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

In El Paso, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects strong performance in affordability, customer satisfaction and financial stability.

  • Protective: MoneyGeek score of 91 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Life insurance with no mandatory medical exam offers coverage without a health checkup. This can benefit those with pre-existing conditions or who prefer a quicker and more convenient application process.

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MoneyGeek Top Pick
Protective

Protective is the top choice for life insurance without the hassle of a medical examination in El Paso. Its MoneyGeek score of 91 for men and women demonstrates a strong balance of customer satisfaction and value.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in El Paso, TX

How was this MoneyGeek score calculated?

For older men seeking the best term life insurance for seniors in El Paso, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $72. Protective is the top choice for women, scoring 92 and charging $57 monthly.

Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, indicating a balance of affordability, customer satisfaction and financial stability — critical factors for seniors seeking reliable coverage.

Best Term Life Insurance for Seniors in El Paso
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$7291
2Nationwide$5991
3Protective$7890
4Prudential$7286
5Transamerica$8286
6Allstate$9786
7AAA$11385
8State Farm$10885
9Haven$13282

Best Term Life Insurance for Smokers in El Paso, TX

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for smokers in El Paso, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $40. Women will find Allstate as the top option, scoring 89 with a monthly premium of $25.

Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. A high MoneyGeek score highlights affordability, customer satisfaction and financial stability, making Mutual of Omaha and Allstate solid choices for those wanting coverage and value.

Best Term Life Insurance for Smokers in El Paso
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4091
2Nationwide$3790
3Allstate$3688
4Transamerica$3688
5Protective$5688
6Prudential$3488
7State Farm$5285
8AAA$6485
9Haven$6482

Best Term Life Insurance for Young Adults in El Paso, TX

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for young adults in El Paso, with a MoneyGeek score of 92 and average monthly premiums of $11 for men and $8 for women.

Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high MoneyGeek score reflects its strong performance in key areas such as affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Young Adults in El Paso
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1192
2Mutual of Omaha$1191
3Nationwide$1191
4Transamerica$1287
5AAA$1785
6Prudential$1485
7State Farm$1885
8Allstate$1885
9Haven$1484
10Bestow$1983

Best Cheap Term Life Insurance in El Paso, TX

How was this MoneyGeek score calculated?

For the best cheap term life insurance in El Paso, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $16. Protective is the top option for women, with a MoneyGeek score of 92 at $13 monthly.

Several factors influence premiums, including age, health, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, compare quotes from multiple providers and choose a term length that suits your needs.

Best Cheap Term Life Insurance in El Paso
Data filtered by:Results filtered by:
Sex:
Sex:M
1Nationwide$1693
2Mutual of Omaha$1891
3Protective$1891
4Transamerica$2088
5Prudential$2286
6AAA$2884
7Allstate$2784
8State Farm$2882
9Haven$2582

Average Cost of Term Life Insurance in El Paso, TX

The average monthly costs of term life insurance in El Paso are $33 for men and $25 for women.

Factors that affect premiums include age, health, lifestyle, occupation and coverage amount. Insurers assess them to determine the risk of insuring someone.

Life insurance costs in El Paso may differ from those in the rest of Texas due to local factors such as health statistics, economic conditions and crime rates. Regional underwriting practices can also impact premiums.

Knowing these factors helps you make informed decisions when buying life insurance.

FAQ: Life Insurance in El Paso, TX

What company has the best life insurance in El Paso for men?
What is the monthly premium for the best life insurance for men in El Paso?
What company has the best life insurance in El Paso for women?
What is the monthly premium for the best life insurance for women in El Paso?
Is there anything different about life insurance in El Paso compared to the rest of Texas?
What happens to your life insurance if a company goes bankrupt in El Paso?
Why might El Paso residents need life insurance?
How do you find a lost life insurance policy in El Paso?

About Mark Fitzpatrick


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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.