Largest Life Insurance Companies in Texas 2021

Best life insurance companies, brokers, agents in Texas 2021

Largest Life Insurance Companies in Texas 2021

Below is a table of the largest life insurance companies in Texas 2021 by market share and premiums.

RankLife Insurance CompanyPremium
1Metropolitan Life Insurance Company$697,430,273
2Northwestern Mutual Life Insurance Company, The$693,474,568
3New York Life Insurance Company$614,056,430
4State Farm Life Insurance Company$428,245,376
5Pacific Life Insurance Company$423,691,346
6Massachusetts Mutual Life Insurance Company$422,195,491
7Lincoln National Life Insurance Company, The$418,396,975
8Minnesota Life Insurance Company$379,296,382
9American General Life Insurance Company$326,165,490
10Pruco Life Insurance Company$302,120,250
11Prudential Insurance Company of America, The$282,311,138
12John Hancock Life Insurance Company (U.S.A.)$250,634,304
13Transamerica Life Insurance Company$207,429,788
14Primerica Life Insurance Company$205,160,529
15United of Omaha Life Insurance Company$205,077,161
16Guardian Life Insurance Company of America, The$202,421,159
17Unum Life Insurance Company of America$201,820,579
18Farmers New World Life Insurance Company$197,560,633
19American National Insurance Company$183,911,886
20Southern Farm Bureau Life Insurance Company$174,044,126
21Life Insurance Company of The Southwest$161,439,177
22New York Life Insurance and Annuity Corporation$153,719,288
23Transamerica Premier Life Insurance Company$146,742,933
24USAA Life Insurance Company$142,034,054
25Dearborn Life Insurance Company$135,852,330
26Brighthouse Life Insurance Company$134,301,245
27Protective Life Insurance Company$128,270,440
28Life Insurance Company of North America$127,882,186
29Nationwide Life and Annuity Insurance Company$117,822,461
30Equitable Financial Life Insurance Company$116,499,179
31Reliastar Life Insurance Company$109,377,723
32American Memorial Life Insurance Company$108,255,732
33Lincoln Benefit Life Company$104,553,965
34Allianz Life Insurance Company of North America$99,568,721
35Midland National Life Insurance Company$99,310,395
36Hartford Life and Accident Insurance Company$95,394,589
37Principal Life Insurance Company$95,133,153
38Riversource Life Insurance Company$89,339,388
39Sun Life Assurance Company of Canada$88,353,613
40Securian Life Insurance Company$88,120,894
Source: Texas DOI for 2018 based on written premiums and market share

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/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 2021

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 2021.

Texas Life Insurance Company Rates 2021

Which life insurance companies will have has the lowest rates for residents in Texas 2021? 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.

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