Laurels

Best Life Insurance Companies
2022

The Best Life Insurance Companies
Here Are The Top Life Insurance Companies
Thumann Agency, Inc.

Thumann Agency, Inc.

Thumann Agency, Inc. is a family-owned independent insurance company that has been serving the Dallas metro since 1996. The company offers a life insurance plan that comes with three options: term, permanent, and universal. It also offers auto, pet, flood, watercraft, and business insurance plans. The company deals with leading insurance carriers like Kemper Personal Insurance and Prudential Financial. Before establishing Thumann Agency, Steve Thumann worked as a principal insurance agent and as a computer systems engineer for insurance companies.

Dallas, TX 75251

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The Hanks Group

The Hanks Group

The Hanks Group is an insurance agency serving individuals, families, and businesses in Dallas and the surrounding areas. It offers term, whole, and universal life insurance policies that provide financial security to beneficiaries in the event of an unexpected death. The agency provides insurance products for automobiles, homes, and businesses. Owner Rod Hanks established the agency in 1999. Under his leadership, the agency has grown into a major player in the property and casualty insurance market. Rod has worked with over 300 real estate transactions.

Dallas, TX 75225

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Bibby Brilling & Associates, L.L.P.

Bibby Brilling & Associates, L.L.P.

Bibby Brilling & Associates, L.L.P., is an independent insurance agency serving clients in Dallas. It specializes in life insurance coverage, designing each policy according to the client's personal and financial needs. Its agents help clients weigh their options and determine the coverage that fits them best. The company also offers home, auto, and business insurance, in addition to specialty options, such as restaurant and contractors' coverage. It works with various carriers, including Nationwide, Progressive, Foremost, Safeco, and Infinity.

Dallas, TX 75206

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Holloway Benefit Concepts

Holloway Benefit Concepts

Holloway Benefit Concepts is a veteran-owned Dallas-based insurance company that caters to individuals who need assistance in obtaining life insurance policies. It works with various carriers in creating personalized plans that suit the clients' needs and preferences. In addition, Holloway Benefit Concepts offers other insurance services, such as health, dental, disability, vision, and emergency evacuation benefit insurance. Owner Ryan Holloway established the company in 2011. He served in the US Marine for more than eight years.

Dallas, TX 75201

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CoVerica

CoVerica

CoVerica is an insurance company that serves clients residing in Dallas and the nearby areas. The company offers term life, whole life, and universal indexed life insurance plans. It has access to life insurance providers such as AIG, Assurity, MetLife, Mutual of Omaha, and Pacific Life. CoVerica also offers other personal insurance policies, such as homeowners insurance, auto insurance, umbrella insurance, and high net worth insurance. Clients can file insurance claims through the company's website.

Dallas, TX 75252

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Brent Cooper

Brent Cooper

Brent Cooper is a State Farm agent who provides insurance coverage to various clients in Dallas. He has been a State Farm agent in the area since 1987. Cooper also owns a small business in the Preston Hollow and Park Cities communities of University Park and Highland Park. He has received awards and recognition, including the Million Dollar Round Table. His company supports numerous local charities and private and public schools, such as the Park Cities YMCA and the Rotary Club of Park Cities.

Dallas, TX 75225

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Texas Plan Insurance

Texas Plan Insurance

Texas Plan Insurance is a brokerage firm that serves Dallas. Operating since 1990, it offers life insurance that covers term life, universal life, and whole life options. Home, personal, business, health, auto, and Mexico travel insurance are also available. Other services include SR-22 notary public, surety bonds, and group benefits. It works on liability insurance that may come limited when doing home-sharing business like Airbnb listing. Its owner, John Hauk, has been in the industry since the 1980s and has since also founded Lone Star Credit.

Dallas, TX 75208

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Smart Insured Solutions LLC

Smart Insured Solutions LLC

Smart Insured Solutions, LLC is an insurance agency staffed with a select team of experienced Financial Advisors and Insurance Professionals specializing in and serving the Senior & Underage Community in the DFW metroplex. The agency has multiple locations and represent several top-rated Insurance companies to help Consumers find the right Solutions at affordable cost unique to each family’s situations. Their areas of expertise included Life, Health, Medicare, Home, Auto and Business Insurance.

Dallas, TX 75234

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Bluecrest Financial Alliances

Bluecrest Financial Alliances

Bluecrest Financial Alliances is a financial services firm that serves individuals in Dallas. The company starts by taking a thorough assessment of its clients' current financial situation, prior to creating a financial strategy custom-designed for them. In addition to life insurance, individuals may also acquire 529 college savings, annuities, disability income insurance, individual retirement account, mutual funds, and trust services from the company. It also deals with insurance strategies, financial planning, and retirement planning.

Dallas, TX 75254

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Ray Scott

Ray Scott

Ray Scott is an insurance agent who works with State Farm and serves clients in the Dallas area. He provides a range of life insurance policies to help customers prepare for unexpected events in the future. He also offers risk protection coverage for health, commercial properties, automobile, and homes. Scott has been serving the area since 2016. His firm accommodates Spanish- and Vietnamese-speaking individuals. He has served the US Army, where he learned about the importance of value and dedication to service.

Dallas, TX 75204

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Expert Answers To Common Questions:

  1. Which is better, term or whole life insurance?
  2. How much life insurance do I need?
  3. How does life insurance work?
  4. How much is life insurance?
  5. Is life insurance taxable?
  6. Can I buy health insurance that is not Obamacare?
  7. Can I buy health insurance anytime?
  8. Who should buy supplemental health insurance?
Q: Which is better, term or whole life insurance?
A:
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.
Q: How much life insurance do I need?
A:
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.
Q: How does life insurance work?
A:

The details of how life insurance works depend on your individual plan, but the basics are as follows: 

  • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
  • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
  • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
Q: How much is life insurance?
A:
The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.
Q: Is life insurance taxable?
A:

Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


Q: Can I buy health insurance that is not Obamacare?
A:
When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.
Q: Can I buy health insurance anytime?
A:
To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.
Q: Who should buy supplemental health insurance?
A:
Supplemental health insurance is a product that helps cover the cost of services that your primary health insurance policy doesn't. One popular option is secondary insurance that helps cover some of the costs associated with high deductibles. Medicare supplemental insurance is also popular. Medicare doesn't cover everything, and older adults on a limited income can face large prescription or medical bills after Medicare pays. Supplemental insurance helps reduce those patient costs.