Largest Life Insurance Companies in Texas 2023

Best life insurance companies, brokers, agents in Texas 2023

Largest Life Insurance Companies in Texas 2023

Below is a table of the largest life insurance companies in Texas 2023 by premiums market share.

1Northwestern Mutual Life Insurance Company$810,109,933
2Metropolitan Life Insurance Company$763,974,760
3New York Life Insurance Company$685,832,126
4Lincoln National Life Insurance Company$631,821,858
5Massachusetts Mutual Life Insurance Company$525,388,582
6State Farm Life Insurance Company$471,800,843
7Pacific Life Insurance Company$468,267,357
8Transamerica Life Insurance Company$382,157,191
9.Pruco Life Insurance Company$361,785,420
10Minnesota Life Insurance Company$354,288,534
11American General Life Insurance Company$324,538,053
12Prudential Insurance Company of America$289,743,903
13John Hancock Life Insurance Company (U.S.A.)$282,394,731
14United of Omaha Life Insurance Company$244,678,557
15Primerica Life Insurance Company$242,385,216
16.Life Insurance Company of The Southwest$217,439,107
17.Guardian Life Insurance Company of America$217,158,492
18Farmers New World Life Insurance Company$210,849,503
19American National Insurance Company$204,690,558
20.Southern Farm Bureau Life Insurance Company$191,333,569
21.Nationwide Life and Annuity Insurance Company$190,158,815
22.Unum Life Insurance Company of America$189,255,457
23.New York Life Insurance and Annuity Corporation$182,992,866
24.Midland National Life Insurance Company$174,320,533
25.Protective Life Insurance Company$173,503,775
26.Dearborn Life Insurance Company$160,476,045
27.USAA Life Insurance Company$148,624,642
28.Life Insurance Company of North America$146,439,314
29.Allianz Life Insurance Company of North America$144,721,668
30.Hartford Life and Accident Insurance Company$137,878,497
31.Brighthouse Life Insurance Company$135,177,475
32.American Memorial Life Insurance Company$123,671,518
33.Equitable Financial Life Insurance Company$117,077,647
34.Reliastar Life Insurance Company$108,746,205
35.CMFG Life Insurance Company$102,061,858
36.Securian Life Insurance Company$97,080,488
37.The Penn Mutual Life Insurance Company$96,862,318
38.Globe Life and Accident Insurance Company$96,409,180
39.Riversource Life Insurance Company$94,277,050
40.Lincoln Benefit Life Company$94,130,768
Largest life insurance companies in Texas

Source: Texas DOI Top life companies based on written premiums and market share 2021

Texas Life Insurance Fact Each day, life insurers pay out $97 million in life insurance and annuities to Texas families and businesses.

Source: ACLI Fact sheet 2022

What to Look for When Choosing A Life Insurance Company in Texas

  1. Price Life insurance is on of the few products can you purchase based on the lowest price. This is because life insurance is on of most regulated industries in America. As long as choose an insurer that is in the Excellent or Superior category from A.M. Best, then you can have the peace of mind the policy will be there to pay out any valid claims in the future.
  2. Financial Rating Always look at a life insurance companies A.M. Best rating and only choose one with that is in Excellent or Superior category.
  3. Underwriting Each life insurance has their own underwriting guidelines. age, height and weight, cholesterol readings, blood pressure readings (systolic and diastolic), family history, travel, hobbies (such as scuba diving) and many other factors. Make sure you are receiving the best rate for your health and lifestyle by comparing rates from multiple carriers.

Texas Life Insurance Company Ratings 2023

While it’s important to choose a life insurance company that is large and has sizable market share, it’s also important to look at the life insurers financial ratings. More specifically, to look at the ratings from the preeminent rating agency A.M. Best. A great rule of this is to choose an insurer with an ‘Excellent’ or ‘Superior’ rating. Complete list of the life insurance ratings 2023.

Texas Life Insurance Company Rates 2023

Which life insurance companies will have has the lowest rates for residents in Texas 2023? Use our instant quote engine to compare rates instantly from the largest carriers for any coverage amount and policy length. Prices are in order from least to most.

Need More Information?

Take a look at the Life Insurance Guide from the Texas Department of Insurance (TDI).

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