Life insurance can help support your loved ones by leaving them with funds in the event of your passing. MoneyGeek’s guide can help you find the ideal life insurance provider for your specific buyer profile by letting you compare life insurance quotes in Garland for young adults, elderly residents and smokers.
Best Life Insurance Companies in Garland, TX, for 2023


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Best Cheap Life Insurance in Garland
The cheapest life insurance you can get for both men and women in Garland for $250K coverage is provided by MassMutual, priced at around $9 and $8 monthly, respectively.
While it’s less expensive, insurance with a $250K limit may not be sufficient. The state's average recommended coverage amount, which is determined by state-specific factors, is $966K.
On average, the least expensive life insurance for males and females for $966K in coverage is offered by MassMutual ($17) and Nationwide ($14), respectively.
Cheapest Life Insurance Companies for Males and Females in Garland
Cheapest For | $250K Coverage | $966K Coverage (Recommended) |
---|---|---|
Male | MassMutual | MassMutual |
Female | MassMutual | Nationwide |
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Life Insurance Costs in Garland for Men and Women
Based on the amount of coverage and length of the policy, MoneyGeek analyzed the average cost of life insurance in the city for men and women. Garland life insurance rates for males are 7% less expensive than the state's average, according to our data. Similarly, women in Garland pay 10% less for life insurance than the state average.
The average monthly cost for $250K in coverage in the city is $14 for women and $17 for men.
The monthly rates for Garland’s state-recommended $719K level, which is based on personal wealth, average age, personal and mortgage debt and per capita income as reported by the U.S. Bureau of Economics, is around $36 for men and approximately $30 for women.
Males in Garland pay around $23 a month for 10-year term coverage. Women spend approximately $19 a month for the same term. This is regardless of the coverage limit.
Average Monthly Life Insurance Rates in Garland: Men
Average Monthly Life Insurance Rates in Garland: Women
Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Garland 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.
Life insurance costs are influenced by gender. Since women often live longer than men, they also tend to have to pay less for life insurance. Statistics show that men are more likely than women to work in hazardous environments, engage in risky activities and suffer heart disease, which consequently makes insurance firms charge males more money.
Men are more likely to purchase life insurance than women. That said, women are essential contributors to their families' finances, whether they are the primary wage earners or stay-at-home mothers. This makes them excellent candidates for life insurance.
Most Popular Life Insurance Companies in Texas
In Texas, the largest average market share in the state is held by Northwestern Mutual with 7%, followed by New York Life and Lincoln Financial at 6% and 6%, respectively.
The top seven companies in Texas account for approximately 35% of the state's life insurance market when you add together their market shares. See the seven most well-known life insurance providers in the state listed below.
Most Popular Life Insurance Companies in Texas
Market share is the portion of a company's business that represents the entire revenue or sales in a market. As a company's market share rises, so does its market dominance.
Market share data is gathered for our analysis according to each company's total premiums disclosed in the 2020 state reports from S&P Global.
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Cheapest Life Insurance for Young People in Garland
Young adults in Garland may expect to pay between $14 and $21 a month in premiums for life insurance. According to our data, the following companies offer life insurance at the lowest average rates for young adults in Garland:
- Transamerica: $13 per month
- Mutual of Omaha: $14 per month
The list of Garland's most cost-effective life insurance providers is shown in the table below.
Best Life Insurance Companies for Young People in Garland, TX
Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Garland 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.
Younger people who are 25 years or younger typically pay less for life insurance. Then, as they get older, the price increases. The best time to purchase a life insurance policy in Garland is when you are young because the rates are typically lower. This method can help save you money in the long run.
Cheapest Life Insurance for Seniors in Garland
The average monthly premium for senior life insurance in Garland is between $36 and $74. According to MoneyGeek's study, these businesses in the city offer the best average value for senior citizens:
- MassMutual: $36 per month
- Mutual of Omaha: $41 per month
More life insurance providers in Garland with the most affordable rates for seniors may be seen in the table below.
Best Life Insurance Companies for Seniors in Garland, TX
Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Garland 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 they are closer to their life expectancy, older folks frequently pay higher life insurance rates. Getting less coverage is one approach to reducing the cost of life insurance. Seniors who have grown kids who can support themselves are typically okay with purchasing less life insurance.
Most older citizens just require life insurance to pay for last expenses and clear any outstanding debts. For this reason, we chose $82K as the sample policy coverage amount for seniors in Garland.
Cheapest Life Insurance for Smokers in Garland
The average price of life insurance in Garland for smokers may range from $107 per month to $196 per month. MoneyGeek found the following life insurance companies offer the best average prices for smokers in the city:
- MassMutual: $107 per month
- State Farm: $107 per month
The list of providers in the city that give smokers low pricing can be seen in the table below.
Best Life Insurance Companies for Smokers in Garland, TX
Rates were determined by analyzing quotes for a 28-year-old male smoker in Garland 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.
Smokers are charged higher rates because they are considered to be at a greater risk of contracting a condition linked to smoking. The good thing is that smokers can still access reasonably priced life insurance policies. MoneyGeek suggests getting a policy with a minimum 20-year term because smoking exacerbates the risks associated with aging.
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Methodology
MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, 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

sources
- Bureau of Economic Analysis. "Personal Income and Outlays, April 2022." Accessed July 7, 2022.
- Harvard Health Publishing. "Why Men Often Die Earlier Than Women." Accessed July 7, 2022.
- Life Insurance Marketing and Research Association (LIMRA). "Facts About Life Insurance 2021." Accessed July 7, 2022.
- National Center for Health Statistics. "Provisional Life Expectancy Estimates for January through June, 2020." Accessed July 7, 2022.
- S&P Global. "2020 Annual Report." Accessed July 7, 2022.