Buying life insurance gives you the peace of mind of knowing that your family will receive financial support in the event of your death. But finding the best life insurance in Texas can be a bit overwhelming, especially if you’re just starting to explore life insurance policies.
We’ve outlined the must-know information that you need to get started shopping for life insurance in Texas, including details on average policy costs and what to look for in a policy.
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The average cost of life insurance in Texas is $633 per year, which comes out to $53 per month. Many factors impact your life insurance costs, including your age, health status, risk factors, occupation and the amount and type of coverage you want to purchase.
The Texas Department of Insurance regulates the Texas insurance industry, and insurance providers must adhere to the department’s regulations. Most Texas life insurance policies have a 31-day grace period, meaning if you miss a payment, your coverage won’t be canceled for 31 days, giving you extra time to make that payment. Providers of life insurance in Texas cannot deny your life insurance claim if you die more than two years after purchasing your policy.
Since the cost of life insurance in Texas can vary significantly depending on your personal details, getting life insurance quotes in Texas will give you the most accurate idea of what you may need to pay for coverage. You can get a free, personalized life insurance quote today from ConsumerCoverage.
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To find cheap life insurance in Texas, consider taking advantage of any employer-sponsored life insurance programs. These group programs often cost less than buying your own individual insurance. You may also be able to save money by making lifestyle changes like quitting smoking or getting regular exercise.
Some life insurance providers may offer discounts to save you money. Some providers will discount a certain amount of insurance, like a policy for $350,000. With a discount, your $350,000 might cost less than a $300,000 policy.
Shopping around and comparing Texas life insurance quotes is another great way to save money while finding the right coverage for you. To get started, get a free, personalized quote from ConsumerCoverage today.
Paige Cerulli Paige Cerulli is a freelance content writer and journalist who specializes in personal finance topics. She graduated from Westfield State University and brings more than a decade of professional writing experience to the ConsumerCoverage team. Paige’s work has appeared in outlets including USA Today, Business Insider, and more.
