Best Life Insurance in Laredo, TX (November 2024)


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Protective is the best life insurance company in Laredo, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $37 and $21, respectively. These figures are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider your age, health and financial situation. While Protective has the highest scores in our analysis, your unique needs may mean a different company is best for you.

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 Laredo, Texas.

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We updated life insurance providers' coverage costs and company information in October 2024.

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

Best Life Insurance Companies in Laredo

Overall Best Life Insurance in Laredo, TX

How was this MoneyGeek score calculated?

Protective offers the best life insurance in Laredo, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $37 and $21, respectively.

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 $37 per month

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $21 per month
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $28 per month

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

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MoneyGeek Top Pick
Protective

Protective is Laredo's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $37 and $21, respectively.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Solid financial health

Cons:

  • Buying process could improve

Best Term Life Insurance in Laredo, TX

How was this MoneyGeek score calculated?

Mutual of Omaha is the best term life insurance provider for men in Laredo, with a MoneyGeek score of 91 and an average monthly premium of $18. For women, Protective leads with a score of 92 at $12 monthly. These companies offer a balance of affordability, customer satisfaction and financial stability.

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 $12 per month
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $16 per month

Term life insurance provides coverage for a specific period, offering financial protection to beneficiaries if the policyholder dies during that term. For example, a parent may choose it to cover their children's education and living expenses until they reach adulthood, avoiding the higher premiums of permanent life insurance.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha is the top term life insurance provider for men in Laredo, with a MoneyGeek score of 91 and a monthly premium of $18. The company's high customer satisfaction and financial stability ratings reflect its commitment to excellence.

Pros:

  • High customer satisfaction
  • Affordable pricing
  • Strong financial stability

Cons:

  • Limited product diversity
  • Buying process could improve
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MoneyGeek Top Pick
Protective

Protective is the top choice for women seeking term life insurance in Laredo, with a MoneyGeek score of 92. It offers a low monthly premium of $12 for excellent coverage.

Pros:

  • High customer satisfaction
  • Affordable premiums
  • Solid financial stability

Cons:

  • Buying process could be better

Best Whole Life Insurance in Laredo, TX

How was this MoneyGeek score calculated?

Protective is the best whole life insurance provider in Laredo, with a MoneyGeek score of 92 for men and women. This score reflects strong performance across various metrics, making it an excellent choice for reliable and comprehensive coverage.

  • 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 for long-term stability and potential cash accumulation. Some might choose it to ensure their family's financial security while also building a cash reserve for future needs.

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MoneyGeek Top Pick
Protective

Protective is Laredo's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to excellence and value.

Pros:

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

Cons:

  • Buying process may need improvement

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 Laredo, TX

How was this MoneyGeek score calculated?

Protective has Laredo's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects excellence 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

Universal life insurance is a permanent policy offering a death benefit and a cash value component, which can grow over time. Someone who wants the potential to access cash value in the future or adjust their premium payments might choose universal life over term life insurance, which provides coverage only for a specified period.

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MoneyGeek Top Pick
Protective

Protective is Laredo's leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects a strong balance of affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Complex buying process

Best No-Medical-Exam Life Insurance in Laredo, TX

How was this MoneyGeek score calculated?

In Laredo, Protective offers the best life insurance without a medical exam requirement. With a MoneyGeek score of 91 for men and women, it balances cost with quality service and reliable coverage.

  • 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 provides coverage without a health checkup, benefiting those who need insurance quickly or have health issues that might make traditional policies harder to get. Someone with a chronic illness may choose this option to avoid the risk of denial or high premiums.

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MoneyGeek Top Pick
Protective

Protective is the top choice for life insurance without the hassle of a medical examination in Laredo. Its MoneyGeek score of 91 for men and women demonstrates a strong balance of affordability, customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Affordable coverage for women
  • Reliable financial stability

Cons:

  • Buying process could improve
  • Lower affordability score for men

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Laredo, TX

How was this MoneyGeek score calculated?

For older men seeking the best term life insurance for seniors in Laredo, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $73. Protective is the top choice for women, scoring 92 and charging $49 monthly.

Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective's high MoneyGeek scores reflect a balance of affordability, customer satisfaction and financial stability — key factors for seniors seeking reliable coverage.

Best Term Life Insurance for Seniors in Laredo
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$7391
2Nationwide$6191
3Protective$7990
4Prudential$7386
5Transamerica$8486
6Allstate$9986
7AAA$11685
8State Farm$11085
9Haven$13482

Best Term Life Insurance for Smokers in Laredo, TX

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for smokers in Laredo, 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 $22.

Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. Mutual of Omaha and Allstate's high scores reflect their balance of affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Smokers in Laredo
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4091
2Nationwide$3790
3Allstate$3688
4Transamerica$3788
5Protective$5788
6Prudential$3488
7State Farm$5385
8AAA$6685
9Haven$6582

Best Term Life Insurance for Young Adults in Laredo, TX

How was this MoneyGeek score calculated?

Protective offers the best term life insurance for young adults in Laredo, with a MoneyGeek score of 92 and average monthly premiums of $11 for men and $7 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.

Best Term Life Insurance for Young Adults in Laredo
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1192
2Mutual of Omaha$1191
3Nationwide$1191
4Transamerica$1287
5AAA$1885
6Prudential$1585
7State Farm$1985
8Allstate$1885
9Haven$1584
10Bestow$2083

Best Cheap Term Life Insurance in Laredo, TX

How was this MoneyGeek score calculated?

For the best cheap term life insurance in Laredo, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $17. Protective is the top option for women, with a MoneyGeek score of 92 at $12 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.

Best Cheap Term Life Insurance in Laredo
Data filtered by:Results filtered by:
Sex:
Sex:M
1Nationwide$1793
2Mutual of Omaha$1891
3Protective$1891
4Transamerica$2088
5Prudential$2286
6AAA$2884
7Allstate$2884
8State Farm$2982
9Haven$2582

Average Cost of Term Life Insurance in Laredo, TX

The average monthly costs of term life insurance in Laredo are $29 for men and $24 for women.

Many factors influence costs, including age, health, lifestyle, occupation, coverage amount and term length. Insurers assess them to determine the risk of providing coverage.

Life insurance costs in Laredo may differ from the rest of Texas due to various local factors, such as health trends, economic conditions and city-specific risk factors. Competition among insurers in Laredo can also impact pricing, causing variations compared to other areas in the state.

FAQ: Life Insurance in Laredo, TX

What company has the best life insurance in Laredo for men?

What is the monthly premium for the best life insurance for men in Laredo?

What company has the best life insurance in Laredo for women?

What is the monthly premium for the best life insurance for women in Laredo?

Is there anything different about life insurance in Laredo compared to the rest of Texas?

What happens to your life insurance if a company goes bankrupt in Laredo?

Why might Laredo residents need life insurance?

How do you find a lost life insurance policy in Laredo?

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.