Best Life Insurance Companies in Fort Worth, TX, for 2024

A life insurance policy provides financial support to your beneficiaries after your death. MoneyGeek compared quotes across several life insurance companies in Fort Worth, Texas, based on various factors.

In Fort Worth, the most affordable insurance provider for a standard policy limit of $250K is MassMutual. The company charges $10 per month for male buyers and $9 per month for female buyers.

While a policy with lower coverage costs less, it may be inadequate to financially support your beneficiaries. To ensure your dependents are fully covered, you may want to buy a policy with more coverage.

The state recommended coverage level of $719K provides significantly more coverage than a standard policy and is based on the average cost of living, income, age and personal debt specific to Texas. MassMutual offers the cheapest policies for men at $18 per month, while Nationwide provides the cheapest policies for women at $15 per month.

Life insurance policy rates also vary by gender. MoneyGeek’s research shows that men in Fort Worth pay 4% more than the average cost of insurance in Texas, while women pay 2% less.

MoneyGeek’s analysis of the average cost of life insurance for buyers in Fort Worth considered coverage level and policy duration, among other factors.

In Fort Worth, policies with a $250K coverage limit cost about $19 per month for men and $16 per month for women. If you purchase a higher-coverage policy, you’ll pay more for insurance. Policies that include the higher state-recommended coverage amount of $719K cost $41 for men and $33 for women.

Rates also vary based on the policy term. If you purchase coverage for a 10-year-term, you will pay $26 per month if you’re a male buyer versus $21 per month if you’re female.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Fort Worth 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.

Based on MoneyGeek’s analysis, the most popular insurers in Fort Worth are Northwestern Mutual, New York Life and Lincoln Financial, with market shares of 7%, 6% and 6%. respectively.

Overall, the top seven life insurance companies in Fort Worth feature a combined market share of 35%. To compare market segment share information for the top life insurance providers in Texas, you can use the table below.

Young buyers in Fort Worth can purchase life insurance policies for an average cost of $14 to $24 per month.

Based on MoneyGeek’s average data, the top life insurance companies in Fort Worth, Texas, for buyers age 25 and under include:

• Transamerica: $14 per month
• Mutual of Omaha: $16 per month

Young buyers can compare rates across the cheapest companies in the city using the following table.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Fort Worth who is 5 feet 10 inches tall and weighs 167 pounds with a 20-year term contract at the average coverage need of $270K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

In Fort Worth, insurers charge seniors between $40 and $83 per month for life insurance. Based on our research, the best insurers in the city for seniors, on average, are:

• MassMutual: $40 per month
• Mutual of Omaha: $45 per month

The table below provides information about the best life insurance companies in Fort Worth for senior buyers.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Fort Worth who is 5 feet 10 inches tall and weighs 197 pounds with a 10-year term contract at the average coverage need of $82K.

On average, smokers pay more for life insurance than non-smokers, with rates in Fort Worth ranging from $119 to $218 per month.

From MoneyGeek’s research, the following providers offer the best life insurance in Fort Worth for smokers:

• MassMutual: $119 per month
• State Farm: $119 per month

You can compare average rates for the best insurers in the city using the table below.

Rates were determined by analyzing quotes for a 28-year-old male smoker in Fort Worth who is 5 feet 10 inches tall and weighs 197 pounds with a 20-year term contract at the average coverage need of $719K.

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.