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Best Life Insurance Companies in Albuquerque

2024

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Providers

Last updated:

Website
1905 San Mateo Boulevard Northeast, Albuquerque, NM 87110
  • Life Insurance

Why choose this provider?

Sunset Insurance is an independent agency that has been serving the residents of Albuquerque for more than a decade. It offers life insurance policies. It also provides other types of insurance products, such as home, auto, business, and workers' compensation insurance plans. Sunset Insurance works with insurance carriers, such as The Hartford, Liberty Mutual, and American Modern. CEO and co-founder Barry Herrero has been working in the financial services and insurance industry for more than 20 years.

License Verified:

License: 1800007171

New Mexico Regulation and Licensing Department

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (73)
Facebook
4.0 / 5 (14)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2316 Southern Boulevard Southeast, Rio Rancho, NM 87124
  • Life Insurance
  • Whole Life Insurance
  • Term Life Insurance

Why choose this provider?

Joanna Boothe is an insurance agent at State Farm whose services are available in Albuquerque. A second-generation insurance agent, Boothe focuses on providing clients with life insurance options that coverages such as whole life insurance, term life insurance, and universal life insurance. She also offers insurance products that protect clients' cars, boats, homes, properties, small businesses, and health. With 38 years of experience in the industry, she has been acknowledged by the Rio Rancho Observer for her work.

License Verified:

License: 7255473

New Mexico Regulation & Licensing Department

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.0 / 5 (168)
Facebook
5.0 / 5 (46)
Yelp
3.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
5208 4th Street Northwest, Albuquerque, NM 87107

Why choose this provider?

Freeway Insurance is a privately-held insurance distribution company that provides auto, motorcycle, home, life and health, and small commercial insurance. Founded in 1987, the business has expanded and now has offices located across the country, including one in Albuquerque. Its team of English and Spanish-speaking members do the research to present the best options within a wide range of basic to premium plans. For five years now, the agency has been Insurance Journal's number 1 contender in its annual Top 50 Personal Lines Leaders report.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.5 / 5 (84)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
2.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
4801 Lang Ave NE Ste 110, Albuquerque, NM 87109

Why choose this provider?

Sandia Insurance Group is a local independent life insurance company in Albuquerque that represents a wide range of insurance plans and types, catering to each client's individual needs. Its professional coverage specialists help customers find the right policy to fit their needs, assist with claims, and follow up to ensure life changes come with policy changes to ensure proper coverage. Sandia Insurance Group is licensed in New Mexico and Texas and works with the Foremost Insurance Group, AIG, Safeco Insurance, Progressive, MetLife, and Bristol West. Other products include auto, homeowner, pet, commercial liability, business, contractor, RV, flood, and umbrella insurance policies.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)

Website
9200 Montgomery Northeast, Albuquerque, NM 87111
  • Life Insurance

Why choose this provider?

Anchor Insurance NM Underwood Insurance Agency provides life insurance services to clients in the Albuquerque area. It aims to protect clients from unexpected occurrences in the future by giving them the right insurance policies that will keep them free from financial worries. Its life protection policies include whole life, child life, and term life. The company also offers risk protection plans for homes, commercial properties, and automobiles. One of its agents, Kathy Underwood, has over 40 years of experience in the industry.

License Verified:

License: 1800010235

New Mexico Regulation and Licensing Department

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (6)
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
6700 Cantana St. NW Ste. 205, Albuquerque, NM 87114
  • Life Insurance

Why choose this provider?

MTG Life Insurance helps individuals and families in Albuquerque protect themselves from unforeseen events. This life insurance agency specializes in mortgage protection and index universal, final expense, and whole life policies. Its team focuses on each client to understand their specific insurance needs and financial goals. These professionals are also well-versed in retirement planning and annuities. MTG works with over 20 industry-leading insurance carriers to bring value and coverage options to clients.

License Verified:

License: 42109

New Mexico Regulation and Licensing Department

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
6101 Moon Street NE Suite 1000, Albuquerque, NM 87111
  • Life Insurance
  • Health Insurance

Why choose this provider?

Cress Insurance Group is a locally owned and operated agency that serves individuals, families, and businesses from Albuquerque and the surrounding areas. It provides both term life and permanent life insurance products. It also offers health, disability, and long-term care insurance policies. Other personal insurance products it provides include homeowners', renters', and auto insurance. Cress Insurance Group has been in operation for more than three decades. The company represents insurance companies such as Acuity, Allied, and CNA.

License Verified:

License: 1800002831

New Mexico Regulation and Licensing Department

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Facebook
4.7 / 5 (7)
Google
4.8 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
3904 Carlisle Boulevard Northeast, Albuquerque, NM 87107

Why choose this provider?

State Farm Insurance Agent - Michele Romero is an Albuquerque-based insurance specialist. Romero offers insurance coverage for renters, businesses, and pets. Also included in her insurance products is coverage for personal valuables such as jewelry, collectibles, and sports equipment. Furthermore, Romero offers health insurance coverage plans such as Medicare supplement plans, supplemental health plans, and individual medical coverage plans. Her business insurance products include individual health policies, business owner policies, commercial auto policies, and workers' compensation insurance.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (21)
Facebook
5.0 / 5 (1)

Website
2116 Vista Oeste NW 5, Albuquerque, NM 87120

Why choose this provider?

Menicucci Insurance is a private, family-owned insurance agency that sells policies throughout the Albuquerque metro area. The firm primarily provides casualty insurance products that protect companies from potential liabilities caused by employees. Menicucci Insurance sells commercial surety bonds, including public official, court, and license and permit bonds. The firm offers a wide range of business owners' insurance policies to small businesses. Menicucci Insurance also provides risk management services to businesses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.5 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
1.5
Responsiveness
Friendliness
Helpfulness
––
Detail
––

Website
9577 Osuna Rd NE Ste E, Albuquerque, NM 87111

Why choose this provider?

Olivas Financial Services is a local independent life and health insurance company in Albuquerque. Its licensed health insurance agent, Susan Donahoe, helps clients find affordable health care plans for individuals, families, and businesses throughout the area. The firm works with a variety of health insurance providers in the state, including Truehealth New Mexico, New Mexico Health Connections, Molina Healthcare, Presbyterian, Blue Cross & Blue Shield, and NMMIP. Additionally, it assists clients with affordable quality dental and vision insurance plans through well-qualified providers. Olivas Financial Services also offers CPA services for personal and business clients, including tax preparation, CFO support, and bookkeeping.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
12836 Lomas Blvd NE, Albuquerque, NM 87112-6200

Why choose this provider?

Aimee Abeyta, a State Farm insurance agent, serves clients in Albuquerque and its surrounding locations. She offers auto insurance with options that include rideshare, collision, and rental insurance policies. The insurance also covers business travelers, collectors, and new drivers. Aimee also has an insurance policy for homeowners that allows home repair and valuable item protection. Additionally, she provides a variety of health insurance options that include medicare supplements and supplemental health plans.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.4 / 5 (12)
Yelp
3.5 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
2828 Carlisle Boulevard Northeast, Albuquerque, NM 87110

Why choose this provider?

Albuquerque Insurance World is an insurance agency based in Albuquerque that offers auto, home, and commercial vehicle insurance. The company has been in the industry for more than two decades and works with over 12 different insurance companies in order to provide the best rates for the client's specific needs and financial goals. The financial brands the company works for include ACCC Insurance Company, Dairyland Insurance, and Safeco which is a Liberty Mutual Company.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.3 / 5 (78)
Yelp
1.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.8
Responsiveness
Friendliness
Helpfulness
Detail

Website
5101 Coors Boulevard Northwest, Albuquerque, NM 87120

Why choose this provider?

Cohn Agency Co Inc. is an independent insurance agency that has been providing its services in Albuquerque since 1986. It represents various insurance companies to offer its clients policies in vehicle, property, business, and life insurance. The policies provide financial security to clients in case of natural disasters, personal injury and disability, and other unexpected events. Business owners are offered general liability insurance to cover employment-related liabilities, professional errors and negligence, and corporate reimbursement. It also a provider of surety bonds to businesses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.4 / 5 (8)
Facebook
5.0 / 5 (1)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
300 Broadway Boulevard Northeast, Albuquerque, NM 87102

Why choose this provider?

Monica Valdez - State Farm Insurance Agent is an insurance specialist based in Albuquerque. Valdez offers a broad range of insurance options such as property insurance, home insurance, auto insurance, health insurance, and life insurance. The agent is committed to helping individuals recover from unexpected life events. She also assists clients in managing daily life risks through insurance products. Valdez provides customer support 24 hours a day. Aside from English, she also speaks Spanish.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (130)
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
11024 Montgomery Boulevard Northeast, Albuquerque, NM 87111
  • Life Insurance
  • Health Insurance

Why choose this provider?

M & M Insurance Agency is an independent firm providing a variety of services to clients in Albuquerque. It offers life insurance options including term life, whole life, universal life, and final expense. The business also offers different types of individual health insurance products such as long-term care, short-term medical, travel medical, and dental. M & M Insurance Agency has a strong focus on helping clients understand and choose the right choices for their policy needs.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)

Website
5318 Menaul Boulevard Northeast, Albuquerque, NM 87110

Why choose this provider?

GEICO is an insurance agency providing financial security to clients all over the country. Individuals can search the website for insurance agents depending on their exact location or the state they are in. In Albuquerque, insurance agent Jay Lapierre is available to discuss coverage for land and water vehicles, homes, and other properties. Lapierre is fluent in both English and Spanish languages. The agency offers a range of insurance coverages including vehicle insurance, property insurance, and business insurance.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
4.0 / 5 (200)
Facebook
1.3 / 5 (15)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
901 Rio Grande Blvd NW Ste F244, Albuquerque, NM 87104

Why choose this provider?

The Edward Group is a life insurance company in Albuquerque that's been providing life and health insurance services for individuals, families, businesses, and professional associations throughout the state since 1996. It brokers insurance coverage for over 35 different companies and works with an additional 100 providers. For life insurance policies, the well-qualified agents evaluate each client's needs following a spouse's or loved one's death, such as immediate cash access, housing costs, child care, and debt liquidation, including school, credit card, outstanding bills, and unpaid notes, when helping them determine policy totals. The Edward Group also offers vision, dental, disability, and long-term care insurance.

Frequently Asked Questions

  • Is there an organization in New Mexico that will continue coverage for out-of-state policies from bankrupt companies in Albuquerque?

    If you're an Albuquerque resident, the New Mexico Life Insurance Guaranty Association ensures your coverage if your insurance firm fails. Your residing state's association shields you when the insolvency order is issued, no matter where you bought the policy. Typically, if the bankrupt company wasn't licensed in your state, the association where the company primarily operated steps in to cover you.

  • Why do insurance agents in Albuquerque label term insurance as "temporary"?

    In Albuquerque, insurance agents often describe term insurance as "temporary" because it covers a set duration. However, just like auto or homeowner policies, it's not truly short-lived. These policies are designed for certain time frames and require renewal once that period concludes. It's the duration-specific nature, not the brevity, that leads to the "temporary" designation.

  • How does cash value withdrawal affect insurance premiums and death benefits in Albuquerque?

    If you extract the cash value from your insurance in Albuquerque, there's a risk it won't sufficiently cover future premiums. Consequently, the insurer might mandate that you start making premium payments again or might decrease your death benefit to a value that the residual cash can support. It's essential to consider this before tapping into the cash value.

  • In Albuquerque, under what circumstances will a life insurance policy provide a payout?

    In Albuquerque, life insurance policies predominantly disburse benefits if the insured individual passes away while the policy remains active. No benefits are extended if the policy gets terminated prematurely or if the insured person outlives the policy term, excluding instances involving universal policies that possess cash values.

  • What are the tax advantages for Albuquerque residents who hold life insurance policies?

    For Albuquerque residents, life insurance presents notable tax perks. Death benefits given to beneficiaries are typically free from local, state, and federal taxes. Permanent life insurance policies see their cash values grow tax-deferred, meaning taxes apply only upon payout receipt. Plus, any loans or funds withdrawn from a permanent life policy aren't subject to taxation, enhancing the policy's fiscal appeal.

  • 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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