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Best Life Insurance Companies in New Mexico

Our Recommended Top 11

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Our goal is to connect people with the best local professionals. We scored New Mexico life insurance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

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11Top Picks

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Providers

featured provider = Featured Provider

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
4.7 (19)

Why choose this provider?

Berger Briggs Insurance & Risk Solutions, Inc. serves individuals and families within New Mexico. For more than 80 years, its agents have been helping clients obtain financial security in the wake of a family member's passing with their life insurance plans. Term, whole, and universal life products are available based on the exact scope and length chosen by families for their long-term goals and means. Each option is supported by several known carriers like New Mexico Mutual and Nationwide.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Facebook
5.0 (19)

Why choose this provider?

KWS Insurance is a Clovis-based agency that works for clients in New Mexico and nearby areas. It helps individuals support their beneficiaries through life insurance policies. The agency sets up term or permanent life insurance products and provides policies that cover client assets, including condos, boats, motorcycles, or houses. Its owner, JoAnne Skach, has been in the industry for more than 18 years. She is a member of the National Association of Insurance and Financial Advisors.

  • Life Insurance
  • Health Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
3.7 (6)
Facebook
5.0 (5)

Why choose this provider?

Insurance Services of New Mexico is an independent agency helping clients manage risks. It offers term, whole, and universal life insurance policies that provide death benefits to beneficiaries when policyholders pass away unexpectedly. Its insurance agents, who have over 200 years of industry experience combined, provide health, home, and agribusiness plans based on clients' needs and financial resources. Insurance Services operates three offices to serve clients throughout the state. It has been in operation for over four decades.

  • Life Insurance
  • Health Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
5.0 (1509)
Yelp
3.0 (3)

Why choose this provider?

TrueCoverage is a private company that serves as a health insurance marketplace for the New Mexico community. It assists individuals and businesses who want to purchase various life insurance products, from term life to accidental death and dismemberment. It also has an online application that can give clients access to their policies, whether they have a medical, accidental expense, or critical illness insurance. TrueCoverage is currently led by CEO Ravi Renduchintala and has partnerships with over 600 insurance companies.

  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
5.0 (6)

Why choose this provider?

High Country Agency is a locally operated business that has been serving the residents of New Mexico since 1972. It offers term, whole, and universal life insurance policies that include benefits and investment opportunities. Its team also handles health, business, property, and vehicle insurance plans. As an independently owned agency, it represents various insurance carriers such as Allstate, Fidelity, Progressive, and Zurich. High Country Agency prioritizes client transparency, providing multiple insurance products and face-to-face consultations.

  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
4.7 (37)
Facebook
4.5 (10)

Why choose this provider?

RoMa Insurance Services helps individuals in New Mexico find the right life insurance plan. The team educates clients about universal, whole, and term life insurance options to assist in their decision-making process. Its team assesses if using life insurance policies as payouts during retirement will be beneficial for the client. RoMa Insurance Services partners with various carriers, like Safeco Insurance, Gainsco, American Modern, and Safeway Insurance. It also specializes in flatbed truck insurance.

  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Facebook
4.0 (7)

Why choose this provider?

Knights of Columbus Insurance works to protect the future of individuals and their families in New Mexico. It helps clients secure permanent life insurance, which provides their families with money when they die. Long-term care and disability income insurance plans are available. It also assists clients in obtaining annuities and term plans. The organization was started by Father Michael J. McGivney in 1882 to create a solution for the financial ruin Catholic families experience. It continues to uphold Catholic values and support Catholic causes.

  • Long Term Care
  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Michael Olguin Insurance Associates, LLC, is an independent agency that serves clients in New Mexico. Its agents offer a wide range of insurance plans, such as life, auto, home, and businesses. The company sources quotes and provides policies from a variety of carriers, including Nationwide, Safeco, and Progressive. In addition to life insurance, it gives coverages for businesses like commercial liability, worker's compensation, and bonds. Its founder, Michael Olguin, Sr., has been in the insurance industry since 1988.

  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
4.3 (3)

Why choose this provider?

Metroeast Insurance serves New Mexico with life plans that help pay for estate taxes and final expenses, replace the deceased’s lost income, contribute to charities, or serve as an inheritance. The company’s term policies last up to 30 years. Its permanent policies build cash value and include traditional whole, variable universal, and universal life options. The independent insurance agency's goal is to service and educate the community about the benefits of insurance. Its owner, Mike Stroup, used to work as an Allstate Captive agent.

  • Life Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
5.0 (288)

Why choose this provider?

Strategic Insurance Group is a locally owned and operated firm that has been serving consumers and business owners in New Mexico and the surrounding areas since 2019. It offers a wide variety of personal insurance products, including life, home, auto, renters', RV, and motorcycle insurance. It also provides business insurance lines such as liability, property coverage, and workers' compensation insurance. Owner Benito Ortiz has been working in the insurance industry for more than five years.

  • Life Insurance
  • Health Insurance

Best Life Insurance Companies Serving New Mexico
New Mexico

Expertise.com Rating

Review Sources

Google
4.6 (103)
Facebook
5.0 (10)
Yelp
5.0 (1)

Why choose this provider?

General Insurance Agency caters to clients throughout New Mexico and the neighboring cities. It offers various types of insurance products, assisting individuals in finding the plan that suits their budget and needs. It provides life insurance products such as term, universal, and whole life insurance policies. As an independent agency, it offers clients access to multiple carriers in the market for a broader selection of coverage. This agency also serves clients across Texas and Oklahoma and renders its services in Spanish.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Berger Briggs Insurance & Risk Solutions, Inc.
4333 Pan American Frwy Ne, Suite A, New Mexico, NM 87107
KWS Insurance
2400 N Main St. Ste G, New Mexico, NM 88101
Insurance Services of New Mexico
631 N 4th St, New Mexico, NM 88119
TrueCoverage
2400 Louisiana Blvd NE, New Mexico, NM 87110
High Country Agency
706 Mechem Drive, New Mexico, NM 88345
RoMa Insurance Services
3120 N Grimes St, New Mexico, NM 88240
Knights of Columbus Insurance
2800 San Mateo Blvd NE Suite 111, New Mexico, NM 87110
Michael Olguin Insurance Associates, LLC
315 N California St, New Mexico, NM 87801
Metroeast Insurance Group
240 S Camino del Pueblo Suite C, New Mexico, NM 87004
Strategic Insurance Group
901 Rio Grande Blvd NW #C172, New Mexico, NM 87104
General Insurance Agency
500 Mitchell, New Mexico, NM 88101

New Mexico Life Insurance FAQs

  • Does New Mexico have a free look period during which policyholders can review their newly purchased life insurance policies?

    The state of New Mexico does not require a free-look period. However, most life insurance companies do offer policyholders an opportunity to thoroughly review and comprehend the terms and conditions of their life insurance policy following its purchase. During this period, policyholders can cancel their policy and receive a complete refund of any premiums they have paid.

  • How long is the settlement process for life insurance claims in New Mexico?

    Life insurance companies operating in New Mexico must complete the payment settlement process within a 60-day timeframe after receiving all necessary documentation. These include the death certificate, policy information, and any other required paperwork. Carriers that fail to pay death benefits to beneficiaries risk may face penalties and fines.

  • At what point does the New Mexico Life Insurance Guaranty Association offer assistance to policyholders when their insurance providers undergo liquidation?

    Life insurance policyholders in New Mexico may face extended waiting periods before the New Mexico Life Insurance Guaranty Association is activated to disburse benefits. This delay stems from the courts' suspension or reduction of ongoing benefit disbursements as they work to resolve the financial challenges of the troubled insurer.

  • Which provisions of the State Insurance Code of New Mexico protect life insurance customers?

    New Mexico regulations state that life insurance policies become uncontestable once they have been active for a minimum of two years. An exemption to this rule applies when policyholders have failed to make their premium payments. Furthermore, life insurance companies must provide policyholders who have missed premium payments with a grace period of at least 30 days to pay their overdue accounts before considering policy cancellation.

  • What are the key factors to consider when selecting a life insurance policy in New Mexico?

    When selecting life insurance policies, New Mexico residents must take into account various factors, including their budgets, coverage amounts, and age. Additionally, they must explore policy riders that offer extra protection if they experience critical illnesses or disabilities. Equally significant is assessing the insurer's financial stability and reputation.