Updated: May 22, 2024
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Everyone has different reasons for purchasing life insurance. It gives financial security and assists in the repayment of debts, living expenses and any medical or final expenses. Searching around and comparing rates will allow you to identify the best life insurance company in Corpus Christi.
With MoneyGeek's analysis of their average rates based on your age, gender and smoking history, you can find the finest life insurance companies in Corpus Christi.
BestLife InsuranceCorpus ChristiBest Life Insurance Companies in Corpus Christi, TX, for 2023
The cost of life insurance is determined by the quantity of coverage and your gender. MassMutual is the cheapest for both men and women in Corpus Christi for $250K coverage, costing an average of $10 and $8 per month, respectively.
Although a policy with a coverage limit of $250K is less expensive, it may not be sufficient for your beneficiaries. The state's average recommended value, which in Texas is $719K, is a suitable benchmark for life insurance. The cost of living, average income, average personal debt, average age and other state-specific characteristics were used to estimate the recommended coverage amount.
With the recommended coverage amount of $719K in Texas, the cheapest life insurance for men is from MassMutual (roughly $35 monthly), while for women is from Nationwide (around $14 monthly).
Cheapest For | $250K Coverage | $719K Coverage (Recommended) |
|---|---|---|
Male | MassMutual | MassMutual |
Female | MassMutual | Nationwide |
Life insurance premiums vary depending on your gender. In Corpus Christi, for example, women pay 11% less than the state average, while men pay just slightly more than the state average. Compare life insurance quotes in Corpus Christi for men and women with a $250K policy using the MoneyGeek infographic below.
In Corpus Christi, men pay $18 monthly on average for $250K in coverage, while women pay $14. If you use Texas' suggested coverage level based on per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age, these rates dramatically change.
The average monthly cost of a policy in Texas is $30 for women and $39 for men, based on the suggested coverage amount of $719K. Meanwhile, regardless of the coverage limit, 10-year term coverage costs an average of $19 monthly for women and $25 monthly for men.
| MassMutual | Rates for $250K Coverage$10 | Rates for $926K Coverage (Recommended) $18 |
| Nationwide | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $18 |
| Mutual of Omaha | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $19 |
| Transamerica | Rates for $250K Coverage$14 | Rates for $926K Coverage (Recommended) $29 |
| State Farm | Rates for $250K Coverage$18 | Rates for $926K Coverage (Recommended) $36 |
| Nationwide | Rates for $250K Coverage$9 | Rates for $926K Coverage (Recommended) $14 |
| Mutual of Omaha | Rates for $250K Coverage$9 | Rates for $926K Coverage (Recommended) $14 |
| MassMutual | Rates for $250K Coverage$8 | Rates for $926K Coverage (Recommended) $14 |
| Transamerica | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $22 |
| State Farm | Rates for $250K Coverage$17 | Rates for $926K Coverage (Recommended) $29 |
Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Corpus Christi using average buyer profile statistics, including the average age of 28, the average weight of 197 pounds for males and 156 pounds for females, and an average coverage need of $719,000.
The cost of life insurance is heavily influenced by gender. To illustrate it, women often live longer than men, so they pay less. Men statistically participate more in risky activities and work in hazardous settings. That’s why insurers charge them higher premiums.
Research suggests that men are more likely than women to purchase life insurance. But still, even if you are not the breadwinner of the family, any working woman should consider getting life insurance to safeguard her income in the event of death or disability.
Northwestern Mutual (7%), New York Life (6%) and Lincoln Financial (6%) are the three most popular life insurance companies in Texas based on their market shares. In total, the top seven companies in Texas account for 35% of the market.
The most popular life insurance companies in Texas, as well as their market shares, are included in the MoneyGeek table below.
| Northwestern Mutual | Market Share7% |
| New York Life | Market Share6% |
| Lincoln Financial | Market Share6% |
| State Farm | Market Share4% |
| Pacific Life | Market Share4% |
Market share is the percentage of sales in comparison to others in its industry and is often used to determine how powerful a company is in the market. A large market share in life insurance suggests a company has sold more policies than its competitors.
MoneyGeek's market share statistics are collected from each company's total premiums written in the S&P Global 2020 state reports.
Life insurance premiums for younger adults in Corpus Christi can range from around $13 to $23 per month.
On average, the two cheapest life insurance companies in Corpus Christi for young people are:
In the MoneyGeek table below, you can compare other life insurance quotes for young individuals in Corpus Christi.
| Transamerica | Monthly Cost$13 |
| Mutual of Omaha | Monthly Cost$15 |
| MassMutual | Monthly Cost$16 |
| AAA | Monthly Cost$17 |
| Prudential | Monthly Cost$18 |
Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Texas who is 5 feet 10 inches and 167 pounds that purchases a 20-year term contract at the average coverage need of $270,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.
Adults under the age of 25 pay less for life insurance. As you get older and more susceptible to certain illnesses, your insurance prices will go up. Buying life insurance when you're young can help you offer financial security for your family and cover the needs of multiple dependents, such as grandparents with serious diseases, parents ready to retire or younger siblings heading off to college.
Life insurance premiums for seniors in Corpus Christi generally range from $38 to $79 per month.
On average, the following are the top two most inexpensive life insurance companies in Corpus Christi for seniors:
More information about the top and cheapest insurers for seniors in Corpus Christi can be found in the MoneyGeek table below.
| MassMutual | Monthly Cost$38 |
| Mutual of Omaha | Monthly Cost$43 |
| Nationwide | Monthly Cost$44 |
| State Farm | Monthly Cost$52 |
| Progressive Life | Monthly Cost$69 |
Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Texas who is 5 feet 10 inches and 197 pounds that purchases a 10-year term contract at the average coverage need of $82,000.
Because your policy is more likely to outlast you as you become older, senior life insurance rates are higher. However, since their beneficiaries are more likely to be financially independent adults, seniors frequently do not require as much coverage.
Life insurance policies for seniors must only cover expenses such as burial costs, estate taxes and more. Therefore, MoneyGeek's sample senior policy coverage is less than the amount used for other profiles.
Smokers in Corpus Christi can expect to pay between $114 and $210 per month on average for life insurance.
According to MoneyGeek, the cheapest life insurance companies in Corpus Christi for smokers are, on average:
Check out the table below for more information on the city's most affordable insurers for smokers.
| MassMutual | Monthly Cost$114 |
| State Farm | Monthly Cost$114 |
| Nationwide | Monthly Cost$115 |
| Transamerica | Monthly Cost$127 |
| Mutual of Omaha | Monthly Cost$128 |
Rates were determined by analyzing quotes for a 28-year-old male smoker in Texas who is 5 feet 10 inches and 197 pounds that purchases a 20-year term contract at the average coverage need of $719,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.
Insurers consider smokers to be high risk and charge them higher premiums because smoking has long-term health implications. The average monthly cost of life insurance for a smoker is roughly four times higher than those for a non-smoker. Despite this, life insurance for smokers can still be affordable.
MoneyGeek suggests purchasing coverage for a longer period of time (at least 20 years), as smoking increases your rates as you get older.
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.
