Best Life Insurance in Odessa, TX (October 2024)


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In Odessa, Texas, Protective stands out as the best life insurance company for both men and women. With a MoneyGeek score of 92 for women and 91 for men, Protective offers competitive premium costs of $31 for women and $52 for men. These scores and costs are based on a 20-year term policy with $500,000 coverage, but your unique needs may mean a different company is best for you.

When deciding on life insurance, consider various factors such as coverage amount, term length, and your personal health. Protective's high scores make it a strong contender, but it's important to evaluate your specific situation to find the best fit.

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 Odessa, 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 InsuranceOdessa, TX
2024

Best Life Insurance Companies in Odessa

Overall Best Life Insurance in Odessa, TX

How was this MoneyGeek score calculated?

For the best life insurance in Odessa for both men and women, Protective stands out with a MoneyGeek score of 91 for men and 92 for women, at an average monthly premium of $52 and $31, respectively. Here are the top two companies with the highest MoneyGeek scores for both genders:

Top providers for men:

  • Protective: MoneyGeek score of 91 out of 100 at $52 per month for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $51 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $31 per month for women
  • Mutual of Omaha: MoneyGeek score of 89 out of 100 at $51 per month for women

Protective's high scores and competitive premiums make it an excellent choice for the average individual looking to purchase life insurance in Odessa. The combination of affordability and high ratings across multiple criteria ensures a balanced and reliable option for consumers.

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MoneyGeek Top Pick
Protective

Protective emerges as the leading provider of life insurance in Odessa for both men and women, boasting a MoneyGeek score of 92 for women and 91 for men. With monthly premiums at an affordable $31 for women and $52 for men, Protective offers a balance of cost-efficiency and reliability.

Pros:

  • High customer satisfaction
  • Excellent affordability for women
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Odessa, TX

How was this MoneyGeek score calculated?

In Odessa, Protective and Mutual of Omaha emerge as the leading providers of the best term life insurance for women and men, respectively. Protective boasts a MoneyGeek score of 92 for women with a monthly premium of $17, while Mutual of Omaha leads for men with a score of 91 and a monthly premium of $25. These companies stand out for their combination of high customer satisfaction and affordability, making them ideal for individuals seeking reliable term life insurance coverage without overextending their budgets. The top two companies for each gender are as follows:

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $25 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $26 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $17 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $23 per month for women

Term life insurance is a policy that provides coverage for a specific period and offers a death benefit if the insured passes away during the term. This type of insurance is often chosen for its simplicity and lower cost compared to permanent life insurance options. For example, a young parent might opt for term life insurance to ensure financial security for their children until they reach adulthood.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha stands out as the best term life insurance provider in Odessa for men, with a MoneyGeek score of 91. At a monthly premium of $25, it offers a balance of cost and quality coverage. Men seeking reliable term life insurance need look no further than this top-rated company. Here's what you should consider:

Pros:

  • High customer satisfaction
  • Affordable premium rates
  • Strong financial stability

Cons:

  • Buying process could be smoother
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MoneyGeek Top Pick
Protective

For women in Odessa seeking term life insurance, Protective emerges as the leading choice with a stellar MoneyGeek score of 92. With an average monthly premium of just $17. Protective offers a balance of cost and quality assurance.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Odessa, TX

How was this MoneyGeek score calculated?

Protective is the provider of the best whole life insurance in Odessa, with a MoneyGeek score of 92 for both men and women. This score suggests that Protective offers a blend of affordability, customer satisfaction, and financial stability that is well-suited for the average individual seeking a reliable insurance policy.

Top whole life companies for men in Odessa:

  • 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 Odessa:

  • 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 is a permanent policy that provides a death benefit and accumulates cash value over time. Someone might choose best whole life insurance over term life insurance for its lifelong coverage and potential to grow cash value, which can be a financial asset during their lifetime.

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MoneyGeek Top Pick
Protective

Protective stands out as the premier choice for whole life insurance in Odessa, offering top-tier services to both men and women. With a MoneyGeek score of 92 for both genders, Protective demonstrates a strong commitment to customer satisfaction and financial stability.

Pros:

  • High customer satisfaction
  • Excellent affordability for women
  • Strong financial stability

Cons:

  • Buying process could be smoother

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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Best Universal Life Insurance in Odessa, TX

How was this MoneyGeek score calculated?

Protective offers the best universal life insurance in Odessa, with a MoneyGeek score of 91 for both men and women. This company offers a dependable choice for individuals aiming for a balance between cost and coverage benefits. Protective's high score suggests strong customer satisfaction, financial stability, and product diversity, which are critical factors for anyone considering universal life insurance.

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 universal life insurance for women:

  • 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 is a flexible policy that combines life coverage with an investment savings element. For example, if you desire a policy that adapts to your changing financial needs while providing a death benefit, universal life insurance might be the right choice.

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MoneyGeek Top Pick
Protective

Protective emerges as the top choice for the best universal life insurance in Odessa, serving both men and women with exceptional service. With a MoneyGeek score of 91 for both genders, Protective stands out in the market.

Pros:

  • High customer satisfaction
  • Strong financial stability
  • Excellent affordability for women

Cons:

  • Buying process could improve

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

How was this MoneyGeek score calculated?

Protective offers the best life insurance without a medical exam for both men and women, with a MoneyGeek score of 91. This score indicates a robust offering that combines affordability, customer satisfaction and financial stability, making it an excellent choice for the average individual in the market for this type of insurance policy. The top MoneyGeek scores for this insurance are:

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

This type of life insurance does not require a medical examination for approval, offering a quicker and more convenient option for coverage. For instance, someone with a busy schedule or a dislike of medical appointments might choose this insurance to ensure they are covered without worrying about a traditional health assessment.

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MoneyGeek Top Pick
Protective

Protective emerges as the best no-medical-exam life insurance provider in Odessa, catering to both men and women. With a MoneyGeek score of 91 for both genders, Protective demonstrates a strong balance of affordability, customer satisfaction, and financial stability.

Pros:

  • High customer satisfaction
  • Excellent affordability for women
  • Strong financial stability

Cons:

  • Buying process could be smoother

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Best Term Life Insurance for Seniors in Odessa, TX

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for seniors in Odessa, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $102. Women find Protective as their top choice, boasting a score of 92 with a $72 monthly premium.

Age is a determining factor in the cost of premiums; as the risk of insuring an individual increases with age, so does the premium. Mutual of Omaha and Protective lead due to their high scores in affordability, customer satisfaction, and financial stability, which are pivotal for seniors prioritizing value and reliability in their life insurance.

Best Term Life Insurance for Seniors in Odessa
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$10291
2Nationwide$8491
3Protective$11090
4Prudential$10286
5Transamerica$11686
6Allstate$13886
7AAA$16185
8State Farm$15385
9Haven$18782

Best Term Life Insurance for Smokers in Odessa, TX

How was this MoneyGeek score calculated?

For men, Mutual of Omaha offers the best term life insurance for smokers in Odessa, with a MoneyGeek score of 91 and an average monthly premium of $56. Women find their top choice in Allstate, scoring 89 with a $32 monthly premium. Smoking is a key factor in determining life insurance premiums due to the increased health risks it poses.

Insurers assess these risks and adjust costs accordingly. The high MoneyGeek scores for these companies suggest they provide a balance of affordability, customer satisfaction and financial stability, making them attractive options for smokers in Odessa.

Best Term Life Insurance for Smokers in Odessa
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$5691
2Nationwide$5290
3Allstate$5188
4Transamerica$5188
5Protective$7988
6Prudential$4888
7State Farm$7485
8AAA$9185
9Haven$9182

Best Term Life Insurance for Young Adults in Odessa, TX

How was this MoneyGeek score calculated?

For the best term life insurance for young adults in Odessa, Protective stands out with a MoneyGeek score of 92 and an average monthly premium of $10 for women and $16 for men. The best term life insurance for young adults is influenced by age, as younger adults typically enjoy lower premiums. Protective's high MoneyGeek score is due to its affordability and customer satisfaction, making it a strong choice for those seeking reliable coverage. Understanding how age affects premiums can help young adults make informed decisions about their life insurance needs.

Best Term Life Insurance for Young Adults in Odessa
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1692
2Mutual of Omaha$1691
3Nationwide$1591
4Transamerica$1787
5AAA$2485
6Prudential$2085
7State Farm$2685
8Allstate$2685
9Haven$2084
10Bestow$2883

Best Cheap Term Life Insurance in Odessa, TX

How was this MoneyGeek score calculated?

For those seeking the best cheap term life insurance in Odessa, Nationwide offers the top choice for men with a MoneyGeek score of 93 and an average monthly premium of $23. For women, Protective leads with a MoneyGeek Score of 92 and a monthly premium of $17.

Various factors affect life insurance premiums, including age, health, coverage amount, and term length. To get the lowest premiums, maintain a healthy lifestyle, choose a shorter term length, and opt for a lower coverage amount.

Nationwide and Protective have the highest MoneyGeek scores due to their balance of affordability, customer satisfaction, and financial stability. Selecting a company with a high MoneyGeek score ensures you get the best value for your money, making it an important consideration when looking for the best cheap term life insurance in Odessa.

Best Cheap Term Life Insurance in Odessa
Data filtered by:Results filtered by:
Sex:
Sex:M
1Nationwide$2393
2Mutual of Omaha$2591
3Protective$2691
4Transamerica$2888
5Prudential$3186
6AAA$3984
7Allstate$3984
8State Farm$4082
9Haven$3682

Average Cost of Term Life Insurance in Odessa, TX

The average cost of term life insurance in Odessa is $31 per month for women and $46 per month for men. These figures highlight the difference in premiums between genders in this region. Several factors influence the cost of life insurance premiums, including age, health, lifestyle, policy term, coverage amount and occupation.

These variables can cause significant variations in premium costs from one individual to another. In Odessa, the cost of life insurance might be higher or lower compared to the rest of Texas due to local health statistics, economic conditions, risk factors, and regional insurance market dynamics. Understanding these factors can help consumers make informed decisions when purchasing life insurance policies.

FAQ About Life Insurance in Odessa, TX

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

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.


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