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Best Life Insurance Companies in New Mexico

2023

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Website
2800 San Mateo Blvd NE Suite 111, New Mexico, NM 87110
  • Long Term Care
  • Life Insurance

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.

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.
4.4
Google
4.6 / 5 (9)
Facebook
4.2 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
901 Rio Grande Blvd NW #C172, New Mexico, NM 87104
  • Health Insurance
  • Life Insurance

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.

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 (199)
Facebook
0.0 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
3120 N Grimes St, New Mexico, NM 88240
  • Life Insurance

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.

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
Google
4.7 / 5 (37)
Facebook
4.5 / 5 (10)

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
706 Mechem Drive, New Mexico, NM 88345
  • Life Insurance

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.

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 (18)
Google
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
240 S Camino del Pueblo Suite C, New Mexico, NM 87004
  • Life Insurance

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.

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
4.3 / 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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
2400 Louisiana Blvd NE, New Mexico, NM 87110
  • Life Insurance

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.

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
Google
4.6 / 5 (953)
Facebook
4.9 / 5 (249)

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
315 N California St, New Mexico, NM 87801
  • Life Insurance

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.

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
500 Mitchell, New Mexico, NM 88101
  • Life Insurance

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.

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.
4.6
Google
4.6 / 5 (103)
Facebook
5.0 / 5 (10)
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
4333 Pan American Frwy Ne, Suite A, New Mexico, NM 87107
  • Health Insurance
  • Life Insurance

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.

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
Google
4.7 / 5 (19)

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
2400 N Main St. Ste G, New Mexico, NM 88101
  • Health Insurance
  • Life Insurance

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.

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.
4.9
Google
4.9 / 5 (140)
Facebook
5.0 / 5 (13)

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
5353 Wyoming Blvd NE Suite 7, Albuquerque, NM 87111
  • Term Life Insurance
  • Long Term Care
  • Whole Life Insurance
  • Individual Plans
  • Health Insurance
  • Life Insurance

Why choose this provider?

Loreen & Lane serves residents of New Mexico who are in the market for life insurance plans. These policies include term- and whole-life programs to answer for sudden disabilities or increase the assets left for family members at the end of one's life. Long-term care options are available, and the company also has healthcare coverage for treatment and prescription medication. Loreen & Lane’s brokers undergo 100 hours of annual training in the Medicare and life insurance fields.

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 (36)

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
631 N 4th St, New Mexico, NM 88119
  • Health Insurance
  • Life Insurance

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.

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
3.7 / 5 (6)
Facebook
5.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––
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Frequently Asked Questions

  • 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.

  • How does life insurance work?

    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.

  • How much is life insurance?

    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.

  • Is life insurance taxable?

    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.


  • Can I buy health insurance that is not Obamacare?

    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.

  • Can I buy health insurance anytime?

    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.

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