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2024

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Best Life Insurance Companies in McKinney, TX

Our Recommended Top 14

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored McKinney 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.

5381Reviewed

3234Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1009 Oakwood Lane Unit 120803, Arlington, TX 76012
WebsiteLicense: 2083788

Why choose this provider?

Prosperitas Wealth Management LLC caters to individuals and families in McKinney and nearby areas. The agency offers life insurance policies, including permanent and term life coverage. Its founder, Thomas Payne, assists customers in choosing their right life insurance plan, advising them on where to use cash value and death benefits, and educating them about fixed, immediate, and deferred annuities. He has been in the industry for over 20 years and is an investment advisor registered with the Texas State Securities Board.

  • Investments
  • Financial Planning
  • Life Insurance

5050 Collin McKinney Parkway, McKinney, TX 75070
WebsiteLicense: 2179336

Expertise.com Rating

Review Sources

Google
5.0 (122)

Why choose this provider?

DW Insurance & Financial Services is an independent insurance agency that serves clients in McKinney and the surrounding areas. It works with more than 100 insurance carriers to provide life insurance products that come in various options, such as term and whole life. In addition, the company offers other insurance policies, including travel, auto, home, and health insurance along with supplement plans for Medicare. DW Insurance & Financial Services also conducts home risk assessments for Realtors.

  • Life Insurance
  • Health Insurance

201 South Preston Road, Celina, TX 75009
WebsiteLicense: 1416600

Expertise.com Rating

Review Sources

Google
5.0 (8)
Facebook
5.0 (2)

Why choose this provider?

Rasor Insurance has been providing comprehensive insurance to clients in the McKinney area for more than 15 years. In addition to individual term and permanent life insurance policies, the company also provides coverage for homes and rental properties. It also offers insurance products for vehicles such as auto, watercraft, motorcycle, and RV. Additionally, it provides insurance coverage for farms and ranches operations as well as commercial and business. Umbrella insurance policies are also available.

  • Life Insurance
  • Term Life Insurance

5900 South Lake Forest Drive, McKinney, TX 75070
WebsiteLicense: 771937

Expertise.com Rating

Review Sources

Google
5.0 (28)

Why choose this provider?

Damon Castillo Insurance is a life insurance company that provides financial security to individuals, families, and businesses within the McKinney area. For over 30 years, it has been offering term life and whole life insurance policies to its local community. Its owner, Damon Castillo, has over 34 years of experience in the industry and has focused on working closely with its clients. He and his team deliver their services in partnership with various carriers like Foremost, Safeco Insurance, The Hartford, and Encompass.

  • Life Insurance
  • Health Insurance

4009 West University Drive, McKinney, TX 75071
WebsiteLicense: 1925097

Expertise.com Rating

Review Sources

Google
3.0 (12)
Facebook
5.0 (5)
Yelp
3.5 (3)

Why choose this provider?

Jake Abbott is an insurance agent who serves residents and businesses in McKinney. He offers insurance solutions and coverage through Texas Farm Bureau Insurance. Established in 1952, Texas Farm Bureau Insurance provides extensive life insurance policies, including term and whole life insurance as well as 15-pay juvenile insurance, individual retirement account, long-term care, and annuities. It also provides coverage for farms, homes, automobiles, and businesses. In addition, coverage for homes, automobiles, farms, ranches, and businesses is available.

  • Life Insurance

7951 Collin McKinney Parkway, McKinney, TX 75070
WebsiteLicense: 2653120

Expertise.com Rating

Review Sources

Google
5.0 (71)
Yelp
4.0 (8)
Facebook
5.0 (7)

Why choose this provider?

Pierce Insurance Group offers term life and whole life insurance policies to residents of McKinney and the surrounding areas. It also offers other products such as health, home, and auto insurance. Individuals who need additional coverage beyond the traditional limits of existing personal insurance policies can take advantage of umbrella policies offered by the company. Additionally, Pierce Insurance Group offers business clients options like general liability, employment practices liability, and professional liability insurance.

  • Life Insurance
  • Health Insurance

1833 West Hunt Street, McKinney, TX 75069
WebsiteLicense: 1173676

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

McKinney-based Saxon Insurance Agency is a locally owned and operated independent firm serving the metro and nearby areas. It offers individual life insurance plans with whole life, term life, and annual renewable term coverage options. The agency also provides insurance policies for business owners from specific industries, including healthcare, legal, construction, and education. Employee insurance such as retiree health coverage and small business retirement plans are also available. Saxon Insurance Agency has access to products from multiple carriers such as Allstate, Progressive, and Safeco.

  • Life Insurance
  • Health Insurance

1220 Alma Drive, Allen, TX 75013
WebsiteLicense: 1627712

Expertise.com Rating

Review Sources

Google
4.0 (28)

Why choose this provider?

Texas Independent Insurance is a locally owned and operated agency serving residents in McKinney and the surrounding areas. It carries life insurance policies, such as term life, whole life, and universal life plans, designed to fit each client's particular needs. Texas Independent Insurance works on behalf of clients to find suitable coverage options from its multiple partner carriers and provides objective reviews on these insurance plans. Some of its partner companies include MetLife, National Life Group, Progressive, and Infinity.

  • Life Insurance
  • Whole Life Insurance
  • Term Life Insurance

955 Texas 121, Allen, TX 75013

Expertise.com Rating

Review Sources

Yelp
3.0 (6)
Facebook
5.0 (1)

Why choose this provider?

Home Team Insurance works with homeowners, families, and individuals in McKinney, Allen, and surrounding areas in obtaining convenient insurance options. The independent agency specializes in term life and income replacement life insurance. It also provides insurance solutions that cover homes auto, valuables, recreational vehicles, and flood damage. Clients may also obtain umbrella policies that extend the coverage of other existing policies. Home Team Insurance works closely with multiple carriers, including Mercury Insurance, Foremost, Encompass, American Strategic Insurance, and Travelers.

  • Life Insurance

3900 South Stonebridge Drive, McKinney, TX 75070
WebsiteLicense: 2279102

Expertise.com Rating

Review Sources

Google
5.0 (96)
Facebook
5.0 (15)

Why choose this provider?

Parker Preferred Insurance is a life insurance agency that serves clients in McKinney. The firm offers a variety of life insurance options including whole, group, and credit. There are also insurance plans for homes, condominiums, and recreational vehicles. The company has partnered with top insurance carriers, such as Foremost Insurance Group and Homeowners of America. The firm is currently by Scott Parker, an insurance professional who believes in the importance of having financial plans to control life's uncertainties.

  • Life Insurance
  • Group Plans
  • Whole Life Insurance

321 North Central Expressway, McKinney, TX 75070
WebsiteLicense: 906734

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Alford Insurance is an independent insurance company serving clients in McKinney and the surrounding areas. It offers a wide range of personal and commercial insurance products, including life insurance. Clients can choose between term life, whole life, and universal life insurance through the firm's life insurance policy. It also writes insurance policies for homes, autos, recreational vehicles, farms, and businesses. Alford Insurance also represents various insurance providers, aiming to provide the best value to its clients.

  • Life Insurance

111 West Princeton Drive, Princeton, TX 75407

Expertise.com Rating

Review Sources

Google
5.0 (26)
Facebook
5.0 (3)

Why choose this provider?

Benpapa Insurance is an independent insurance broker that serves clients in McKinney. It offers term, whole, and universal life insurance policies that provide financial security to beneficiaries in the event of an unexpected death. The agency also covers insurance products and services for automobiles, businesses, condominiums, and renters. Benpapa Insurance represents several insurance carriers, such as American Modern, CNA, and Bristol West, to provide coverage that suits the specific needs of clients. Its staff has a combined experience of more than 30 years.

  • Life Insurance

5205 Eastgate Lane, Allen, TX 75002
WebsiteLicense: 1445412

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Schuler Insurance Services is a life insurance agency serving McKinney, Plano, Frisco, Prosper, Fairview, and the greater Dallas area. The company assists clients with their insurance concerns, including health exams and questions about beneficiaries. The company was founded in 2004 by Corey Schuler, who has 20 years of industry experience. It offers a variety of insurance products such as term life insurance, permanent life insurance, business life insurance, and specialty insurance. Its providers include Protective, John Hancock, Principal, American National, Banner Life, and Lincoln Financial Group.

  • Life Insurance

1807 West Street, McKinney, TX 75069
WebsiteLicense: 1008571

Expertise.com Rating

Review Sources

Google
4.0 (1)

Why choose this provider?

Gant Group Insurance is an insurance agency serving the McKinney area. Aiming to educate Texas residents about their coverage options, it tailors individual life insurance policies to the customer's objectives and needs. Products include term, traditional whole, universal, and variable universal life insurance. In addition, final expenses, life settlement insurance, and a variety of personal and business insurance types are offered. Its independent agents work with different life insurance carriers such as Nationwide, BlueCross BlueShield, and Bristol West.

  • Individual Plans
  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Prosperitas Wealth Management LLC
1009 Oakwood Lane Unit 120803, Arlington, TX 76012Schedule an Appointment
DW Insurance & Financial Services
5050 Collin McKinney Parkway, McKinney, TX 75070
Rasor Insurance
201 South Preston Road, Celina, TX 75009
Damon Castillo Insurance
5900 South Lake Forest Drive, McKinney, TX 75070
Jake Abbott
4009 West University Drive, McKinney, TX 75071
Pierce Insurance Group
7951 Collin McKinney Parkway, McKinney, TX 75070
Saxon Insurance Agency
1833 West Hunt Street, McKinney, TX 75069
Texas Independent Insurance
1220 Alma Drive, Allen, TX 75013
Home Team Insurance
955 Texas 121, Allen, TX 75013
Parker Preferred Insurance
3900 South Stonebridge Drive, McKinney, TX 75070
Alford Insurance
321 North Central Expressway, McKinney, TX 75070
Benpapa Insurance
111 West Princeton Drive, Princeton, TX 75407
Texas Term Life Quotes
5205 Eastgate Lane, Allen, TX 75002
Gant Group Insurance
1807 West Street, McKinney, TX 75069

FAQs

  • Can you change beneficiaries on your life insurance policy in McKinney?

    Yes. In McKinney, you can change the beneficiaries on your life insurance policy while the policy is in effect, but these designations become fixed after your passing. However, there are exceptions to this rule, such as if you live in a community property state like Texas or have named someone as an irrevocable beneficiary, which would require obtaining consent from another individual to modify the beneficiaries.

  • Does a divorce affect life insurance beneficiary designations in McKinney?

    A divorce can have implications for life insurance beneficiary designations in McKinney. Fortunately, most life insurance policies are considered revocable, allowing the policyholder to modify the beneficiary designation at their discretion. However, there are exceptions, such as policies with irrevocable beneficiaries, where the designated beneficiary cannot be modified once established. To adjust your beneficiary following a divorce, connect with your life insurance agent to verify whether the policy is revocable.

  • Can your life insurance claim be denied due to the cause of death in McKinney?

    Yes, the cause of death can potentially impact the approval of a life insurance claim in McKinney. If your demise is linked to engaging in a high-risk hobby or occupation, your insurance provider may deny the claim, depending on the specific terms outlined in your policy. Additionally, "Slayer rules" dictate that the death benefit will not be disbursed to your beneficiary if they are found to be responsible for your murder or closely associated with it.

  • Does life insurance go through probate in McKinney?

    Life insurance payouts bypass the probate process in McKinney. Thus, the proceeds from a life insurance policy are not subject to the probate court's procedures if there are named beneficiaries who are eligible to receive the payout. Therefore, as long as your policy has designated beneficiaries, the funds are paid directly to them outside the probate system.

  • Are life insurance benefits protected from creditors in McKinney?

    Life insurance benefits in McKinney are shielded from creditors, meaning no one or any organization can use them to settle a policyholder's debts. This protection applies to both the cash value and the death benefit of a life insurance policy. Although life insurance benefits are shielded from creditors, unique situations may affect this protection. Consulting a legal professional is advisable to understand how these laws apply to your situation.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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