The best Texas life insurance depends on the type of life insurance you choose. Below, we've broken down the top options for each type:
Best Life Insurance Companies in Texas (2025)
MoneyGeek scored the best life insurance companies in Texas based on thousands of quotes and reviews to help you find your ideal policy.
Discover affordable life insurance in Texas below.
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Updated: December 26, 2025
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Key Takeaways
The best life insurance in Texas depends on plan type. North American is the best for whole and universal policies, Ethos is best for indexed universal policies, Mutual of Omaha is best for guaranteed acceptance policies, Legal & General offers the best term policies, and Pacific Life has the best no-exam policies.
To get the best life insurance in Texas, we recommend determining your coverage needs and policy type preferences beforehand, then compare quotes from multiple providers.
Compare the Best Texas Life Insurance Companies
North American | $38 (M), $31 (F) | Term, Whole, Universal, IUL | 5 | |
Ethos | $72 (M), $54 (F) | Term, IUL, No-Exam, Guaranteed Whole | 5 | |
Legal & General | $44 (M), $35 (F) | Term, IUL | 4.7 | |
Mutual of Omaha | $60 (M), $49 (F) | Term, Whole, Universal, IUL, Guaranteed Whole | 4.7 | |
Pacific Life | $47 (M), $39 (F) | Term, Universal, IUL, No-Exam | 4.5 |
Rates are estimates from MoneyGeek's analysis and won't match your actual premium. Your rate depends on your health, lifestyle and other factors insurers evaluate. Get personalized quotes directly from companies.
Best Whole and Universal: North American
North American
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Customer Experience
5/5Coverage
Avg. Monthly Cost (Whole
$691 (M), $602 (F)Avg. Monthly Cost (Universal)
$295 (M), $251 (F)
Best Indexed Universal: Ethos
Ethos
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Customer Experience
5/5Coverage
Avg. Monthly Cost (IUL)
$328 (M), $275 (F)
Best Term Life Insurance: Legal & General
Legal & General
MoneyGeek Rating
4.7/ 5
4.7/5Affordability
4.7/5Customer Experience
4.7/5Coverage
Avg. Monthly Cost (Term)
$44 (M), $35 (F)
Best Guaranteed Acceptance: Mutual of Omaha
Mutual of Omaha
MoneyGeek Rating
4.7/ 5
4.9/5Affordability
4.5/5Customer Experience
4.8/5Coverage
Avg. Monthly Cost (Guaranteed Acceptance)
$40 (M), $30 (F)
Best No-Exam Life Insurance: Pacific Life
Pacific Life
MoneyGeek Rating
4.5/ 5
4.4/5Affordability
4.5/5Customer Experience
4.7/5Coverage Points
Avg. Monthly Cost (No-Exam)
$47 (M), $39 (F)
How to Find The Best Life Insurance in Texas
We have some key tips to help you find the best life insurance in Texas:
- 1Decide Coverage Beforehand
Finding out how much life insurance you need before buying is essential to compare company pricing.
- 2Research Costs For Your Profile
Checking average costs based on your age, health and coverage level helps set realistic expectations before comparing policies.
- 3Compare Company Reputations
Pricing may look similar across states, but service quality and claims handling can vary locally.
- 4Compare Quotes Through Multiple Avenues
Comparing offers from different insurers helps you find better pricing and terms.
Texas Life Insurance Laws
Texas provides extensive consumer protections for life insurance policyholders under regulations that the Texas Department of Insurance (TDI) and the Office of Public Insurance Counsel (OPIC) enforce. These laws ensure fair treatment, prompt claim handling and financial safeguards for residents.
Free-Look Period
Texas law doesn’t set a specific statewide free-look period for life insurance. Most companies voluntarily provide a 10- to 20-day window to review your policy and cancel for a full refund if it doesn’t meet your needs.
Contestability Period
In Texas, life insurance policies include a two-year contestability period. During this time, the insurer may investigate and deny claims based on material misstatements in the application. After two years, the policy becomes incontestable. The insurance provider must pay the death benefit regardless of cause of death, except in cases of fraud or nonpayment.
Grace Period
Most life insurance companies offer a 31-day grace period after a missed premium payment for Texas policyholders. Your coverage will remain active during this time, allowing you to make late payment without losing financial protection. If death occurs during the grace period, the insurer pays the death benefit minus the overdue premium.
Claim Processing
Under Texas law, insurers must promptly process life insurance claims once they receive proof of death and verify the beneficiary. Life insurance companies are required to pay valid death benefit claims within two months of receiving this documentation. If payment is delayed beyond that period, insurers must pay interest on the overdue amount until the claim is settled.
Best Life Insurance in Texas: Bottom Line
We found that the top life insurance companies in Texas are North American, Ethos, Mutual of Omaha, Legal & General and Pacific Life. While these are our recommendations, we urge you to do your own research, decide on a coverage level, and compare quotes to get the best deal possible.
Texas Life Insurance: FAQ
Below are our expert answers to frequently asked questions about Texas life insurance:
Are life insurance proceeds taxable in Texas?
No, life insurance death benefits are generally not taxable income for beneficiaries in Texas. Any interest earned on proceeds that remain with the insurer is taxable.
How long does an insurance company have to pay a claim in Texas?
Texas law requires life insurance companies to pay beneficiaries within two months of receiving proof of death and verifying the beneficiary. If the insurer delays payment beyond that period, it must pay interest from the date it received the proof of loss until it accepts the claim and offers payment.
Can I cancel my life insurance policy in Texas?
Yes, most Texas insurers provide a free-look period of 10 to 20 days after policy delivery. You can cancel during this time and receive a full premium refund if the policy doesn't meet your needs.
What happens if my life insurance company goes out of business in Texas?
The Texas Life and Health Insurance Guaranty Association protects Texas residents if their insurer becomes insolvent. The fund covers death benefits up to $300,000 and cash surrender values up to $100,000 per life.
Our Review Methodology
Choosing life insurance in Texas means comparing dozens of companies with different rates and coverage options. We designed our research specifically for Texas residents who need clear, actionable information to protect their families' financial future. Here's how we cut through the noise to identify the best life insurance companies in Texas.
Our Scoring Framework
We use a scoring system designed to reflect what matters most when choosing life insurance. Each company can earn up to five points across three categories, weighted as follows:
- Affordability (55%)
- Customer Experience (30%)
- Coverage Options (15%)
Sample Customer Profile
We collected quotes using a standard Texas profile meant to reflect a broad range of residents:
- 40-year-old nonsmoker
- Men: 5'9" and 160 lbs
- Women: 5'4" and 120 lbs
- Average health rating
Using this baseline, we gathered rates across different ages, health conditions, and smoking statuses to show what Texans may pay in real situations. For guaranteed acceptance policies, we analyzed quotes for 50-year-olds seeking $10,000 in coverage, which reflects a common choice among older applicants who want coverage without medical exams.
What We Measured
Each company's score incorporates:
- Cost data from online quotes specific to Texas residents
- Financial strength ratings from AM Best and years in business
- Customer satisfaction from NAIC complaint data, J.D. Power ratings and verified customer reviews
- User experience, including online tools, payment options and buying process simplicity
- Product diversity across term, whole and specialty life insurance types
When we identified clear cost patterns in our Texas data, we used those trends to project rates for additional customer profiles, giving you comprehensive coverage of what different Texans can expect to pay for financial protection.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Office of Public Insurance Counsel. "Life Insurance: Know Your Rights." Accessed October 10, 2025.