Best Life Insurance Companies in El Paso, TX

Fantastic financial ratings, competitive premiums, and superb customer satisfaction rates, all contribute to the fact that Nationwide are undoubtedly top of the list of best life insurance companies in El Paso.

As one of the most reputable providers on the market, Nationwide are made up of a solid team of career agents that have each received the best training, as well as a network of independent agents who have been hand selected as representatives for the company. Their marketing symbol is a blanket, which has been appropriately chosen as they offer an additional layer of security for their customers.

Nationwide offer both term and permanent life insurance products, including the option for whole life, universal life, and variable universal life insurance. They also offer a policy which requires no medical exam when applying.

It’s relatively easy to purchase a policy with Nationwide. There are several branches located around El Paso, for people who prefer to discuss their insurance needs in-person. A phone call with the team will also see that you are referred to a helpful and friendly career agent, who will be more than happy to support you.

Their man base may be Massachusetts; however, MassMutual have been providing the people of El Paso with life insurance for several years and have made our list as the best overall runner-up.

Their team is made up of highly skilled professionals who have undergone extensive training throughout the course of their career. MassMutual’s method for determining the most appropriate type and face amount of life insurance for their customers involves a detailed life insurance needs analysis.

MassMutual has many different policies available, including whole life, universal life, and term life insurance. They also offer a variable universal life policy, which Is a combination of mutual funs along with a death benefit to increase cash value.

The overheads for MassMutual are a little higher than their competitors’. This is down to their Class A offices dotted up and down the country, as well as the money spent on training their employees. Despite the high overheads, MassMutual still over reasonably competitive premiums on all their products.

Probably most notable for their San Francisco pyramid building, Transamerica have an equally strong presence in El Paso, with many independent life insurance agents selling their product. Transamerica is also recognized for having extremely affordable rates, including term life insurance, and a term life product for young adults.

In addition to making their rates affordable, Transamerica offer a brilliant experience for their online customers. They are primarily reaching out to young adults, who prefer dealing with their business online. Quotes are also available via their website.

Customer’s preferring an in-person discussion can take advantage of their ‘Locate an Agent’ feature, found on their website. This helps customers to find an agent nearby who represents the company.

USAA’s A+ (Superior) rating, which was awarded by A.M. Best, is proof enough that they are a financially solid company, with amazing claim payment ability. Their casualty and property products mainly cater to active military members, veterans, and their families. Don’t be deterred by this, though, as US citizens and permanent residents can also apply, regardless of whether or not they have any military connections.

They have a dedicated ‘Survival Relations’ team who will help to support family members of the deceased policy owner in settling any claims across all accounts and policies. USAA also offers a guaranteed issue life insurance product, issued by Mutual of Omaha. A medical examination is not a requirement for applicants looking to purchase this product, which is also available in El Paso.

If you’re based in El Paso and are looking for cheaper rates for your life insurance, then try MassMutual. MassMutual offer competitive rates for both men and women, beating other equally reputable insurers such as Nationwide, State Farm, Mutual od Omaha, and Prudential. They have a vast amount of knowledge of the profitability of the term life insurance marketplace for providers, thus price their products accordingly.

MassMutual are a great choice for people looking to buy term life insurance, with policies available lasting 1, 10, 15, 25, or 30 years – and coverage beginning at $100,000. Should a customer decide later on that they want to switch to permanent coverage, then many term life policies are able to be converted – this include universal life and whole life.

In addition to all of the above, MassMutual have managed to establish themselves as a company that provides fantastic customer support – after receiving few complaints that anticipated, according to the National Association of Insurance Commissioners. Not only that, but they also placed 9th out of 22 for customer satisfaction in JD Power’s 2022 U.S ranking of life insurance providers.

For five years, I worked as a licensed career agent for Mutual of Omaha. Within those five years, I witnessed first-hand their comprehensive understand of the senior market. Mutual of Omaha’s senior life product includes a guaranteed issue whole life product, which is issued regardless of your health history. This means that an applicant cannot be denied coverage, which, of course, come with financial risks. And the higher the financial risks, the higher the rates.

However, there is a way of avoiding paying these higher rates. Mutual of Omaha has a less in-depth issue product available for seniors. During the application process, an applicant will be required to answer a few medical questions – but that’s it. No medical examination is needed. This much simpler issue product does have lower rates, yet it’s important to remember that coverage is not always guaranteed. An applicant could be denied if they have a history of issues with their heart, and/or cancer.