Expertise.com

2024

Last updated:

Best Life Insurance Companies in Santa Fe

Our Recommended Top 4

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 Santa Fe 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.

3728Reviewed

2238Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
1443 S Saint Francis Drive, Santa Fe, NM 87505
  • Life Insurance
  • Individual Plans

Why choose this provider?

Silas T. Garcia Agency & Associates LLC, provides life insurance policies to clients in Santa Fe. The agency helps clients with their retirement plans by selling annuities, providing IRA and pension opportunities, and assisting with simplified 401 (k) employee pensions. It also offers Medicare insurance, which covers prescription drug plans, health care programs, and Medicare Advantage plans. The agency is a member of Independent Insurance Agents of New Mexico has been in the insurance industry for over 61 years.

License Verified:

License: 1800006916

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.
4.8

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
3545 Zafarano Drive Suite A10-3, Santa Fe, NM 87507
  • Health Insurance
  • Individual Plans
  • Life Insurance

Why choose this provider?

Brynda Gonzalez, a State Farm agent, offers life insurance to the locals of Santa Fe. She helps her clients secure their futures with term life, whole life, or universal life policies. She also offers other insurance products such as auto, home, property, business, pet, and health. In addition, customers can ask about financing services such as banking and annuities. Gonzalez has over 10 years of industry experience. She is licensed to practice in Texas, Colorado, and Arizona.

License Verified:

License: 8897919

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 (69)
Facebook
5.0 / 5 (4)

Website
1040 Don Diego Avenue, Santa Fe, NM 87505
  • Life Insurance

Why choose this provider?

Blue Chip Insurance is an insurance service provider that serves clients throughout Santa Fe and its surrounding communities. The locally owned and operated business offers an array of life insurance products for individuals and businesses. With its extensive market knowledge, it assists clients in choosing the right type of life insurance according to their needs and goals. Blue Chip Insurance is an independent insurance agency owned by Jay and Jane Winter. They lead a team of personal lines and commercial lines agents.

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.
1.6
Yelp
2.0 / 5 (3)
Google
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.
5.0
Responsiveness
Friendliness
Helpfulness
––
Detail
––

Website
6640 Cerrillos Road Suite A, Santa Fe, NM 87507
  • Life Insurance

Why choose this provider?

Michelle Cole is a State Farm insurance agent in Santa Fe. She provides clients with homeowner insurance, annuities, and life insurance, including term life and permanent life insurance. She represents them during intermediaries to find a policy suited for the clients' needs. She also helps clients determine the appropriate coverage when purchasing their insurance through research. Michelle offers auto and property insurances that cover damages sustained from calamities, accidents, and illegal actions.

License Verified:

License: 18989414

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.
4.8
Google
4.8 / 5 (60)

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

FAQs

  • What is the average cost of life insurance for smokers in New Mexico?

    Due to the increased health risks associated with smoking, life insurance premiums for Santa Fe smokers range between $80 and $180 on average. Insurance companies in New Mexico consider smoking when determining rates. Nevertheless, competitive rates can be found by comparing various options. It is advisable for smokers to purchase a 20-year policy, as premiums tend to increase with age for this group.

  • How does the grace period work for life insurance policies in Santa Fe?

    After a missed payment, most Santa Fe life insurance companies allow policyholders a 31-day grace period. Even if the insured person dies during this time period and a legitimate claim is submitted, the insurer is still obligated to pay it. This grace period not only protects beneficiaries, but also allows policyholders to reinstate their policy without having to seek new coverage. There is no limit to how often a policy can enter this grace period.

  • In Santa Fe, who can residents select as their life insurance beneficiary?

    Santa Fe residents can name a variety of people as beneficiaries, including spouses, children, parents, and business partners. The key point is that the beneficiary should suffer a financial loss in the event of the policyholder's death, indicating that they have an insurable interest. Individuals typically choose their spouse to provide financial security for their family or a business partner to provide company-related support. They can also specify a primary and backup recipient for payouts.

  • 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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