Expertise.com
2024

Last updated:

Best Life Insurance Companies in Waco

Our Recommended Top 8

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 Waco 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.

5869

Reviewed

3524

Curated

8

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
7215 Bosque Blvd, Suite 104, Waco, TX 76710
  • Life Insurance

Why choose this provider?

Joel Fuessel is the founder and principal agent of Secured First Financial of Texas, which operates in Waco. He is an independent insurance broker who leads a team that provides medical and non-medical life insurance policies. Joel has a thorough understanding of different types of life insurance plans, as well as mortgage protection insurance and retirement products. He offers virtual appointments and conducts annual policy reviews with his clients. His agency works with multiple regional and national carriers, such as AIG, Aetna, and American National.

License Verified:

License: 2012203

Texas Department of 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.
5.0
Google
5.0 / 5 (78)

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
2012 Lake Air Drive, Waco, TX 76710
  • Health Insurance
  • Life Insurance

Why choose this provider?

Established in 1985, Lillard Financial & Insurance Services is an insurance agency that serves customers in Waco. Its product line includes life, Medicare, health, commercial, and auto insurance plans. In addition, it offers general liability, long-term care, pet, umbrella, and workers' compensation insurance policies. Gil Lillard II, the owner, has been in the insurance industry for over 30 years. He is a Registered Representative who also holds a LUTCF designation. He stays involved in his community by being a member of the Woodway City Council.

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 (9)
Facebook
5.0 / 5 (6)

Website
3708 West Waco Drive, Waco, TX 76710
  • Individual Plans
  • Life Insurance

Why choose this provider?

Darlene Vise Insurance Agency aims to simplify the process of purchasing insurance products. Independent agent and founder Darlene has been providing a wide range of insurance options for families, businesses, and individuals in Waco and nearby areas for more than a decade. Darlene Vise Insurance Agency offers life insurance plans to protect clients financially in the event of a tragedy. The different types of life insurance offered are whole life, term life, and universal life insurance policies.

License Verified:

License: 1368812

Texas Department of 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.
5.0
Google
5.0 / 5 (5)
Facebook
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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
704 Sun Valley Boulevard, Hewitt, TX 76643
  • Life Insurance
  • Health Insurance

Why choose this provider?

Clint Allen is a State Farm Insurance agent who has been serving the Waco community and the surrounding areas for the last 16 years. As a life insurance product provider, he offers clients protection within their policies. Clint also offers health, auto, home, and business insurance. His services also include banking, annuities, property and casualty, and financial services. Aside from providing insurance products and services, Clint does volunteer work to help support the community.

License Verified:

License: 2392936

Texas Department of 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.
4.2
Google
4.0 / 5 (120)
Facebook
5.0 / 5 (35)
Yelp
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
425 Austin Avenue, Waco, TX 76701
  • Life Insurance

Why choose this provider?

American-Amicable Life Insurance has 100 years of experience serving the Waco metro. It specializes in life insurance, helping clients access policies and premiums spanning whole life, term life, and universal life insurance plans. It has a roster of life insurance products and annuities that cover the needs of each client, protect their assets, and maximize their wealth creation and estate preservation. The company is a collective of reputable insurance companies, including Occidental Life Insurance, Pioneer American Insurance, and IA American Life Insurance 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.
3.0
Google
3.0 / 5 (5)

Website
125 Topeka Drive, Woodway, TX 76712
  • Life Insurance

Why choose this provider?

Spross Insurance Agency is an insurance agency that offers life insurance products to residents of Waco and the surrounding areas. It offers clients comprehensive packages that can bequeath enough resources to family members or to charity organizations, in the event of their passing. In addition to life insurance, the company also offers a number of different products such as auto, home, and renters' insurance. Umbrella insurance products are also available for clients looking to have additional protection if their insurance plans cap out.

License Verified:

License: 1067060

Texas Department of 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.
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
329 West Highway 6, Waco, TX 76710
  • Life Insurance

Why choose this provider?

The Nitsche Group is an independent insurance agency that provides insurance services to individuals, families, and businesses of Waco and those across the Lone Star State. It represents multiple carriers that offer a variety of insurance packages. The company carries life insurance plans like whole life insurance, term life insurance, and universal life insurance. Additionally, it provides commercial insurance packages like business owner’s policy, general liability insurance, workers’ compensation insurance, and Texas commercial insurance. The Nitsche Group started as a two-employee company in 1949.

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail

Website
2625 West Waco Drive, Waco, TX 76707
  • Life Insurance

Why choose this provider?

Budget Insurance USA is a life insurance company that has been catering to the Waco metro. The company aims to provide a smart way for individuals, families, and small enterprises to choose the appropriate insurance policies for their needs and lifestyles. Budget Insurance USA handles life insurance, accident coverage, and domestic or international drivers' license. The company also offers motorcycle, commercial, homeowners', renters', surety bonds, and income and accident protection insurance policies for its wide range of clientele.

License Verified:

License: 2197455

Texas Department of 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.
4.0
Google
4.0 / 5 (160)

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
––

Frequently Asked Questions

  • What does whole life insurance provide for policyholders in Waco?

    Whole life insurance ensures lifelong coverage for individuals in Waco. Once a person acquires a whole life insurance policy, it remains valid through life changes or job switches. Owners of this coverage have the benefit of a steady rate even as they retire. This protection is valuable for addressing all financial responsibilities.

  • How do insurance companies in Waco determine if someone is eligible for a life insurance policy?

    Insurance companies in Waco utilize the underwriting process to assess potential policyholders. This often involves undergoing a medical examination and responding to questions about one's health, profession, and personal habits. Companies might opt not to insure high-risk people because of health or other considerations. Some entities, such as churches and unions, also offer group life insurance to their members.

  • How does life insurance in Waco assist beneficiaries regarding taxes and probate issues?

    Life insurance policies in Waco offer beneficiaries the convenience of receiving policy proceeds generally free from income taxes. This financial tool helps families avoid the hassle of dealing with a protracted probate procedure. Beneficiaries also have the opportunity to settle estate taxes through insurance payouts. This allows them to eliminate the need to sell other inherited assets.

  • If a policyholder in Waco misses their life insurance premiums, can the policy be reinstated?

    In case a policyholder has let their life insurance policies lapse by missing premiums, they can usually reactivate them. This often requires the person to settle overdue amounts plus interest. They might need to address unpaid interest and possibly reinstate the loan if they had borrowed against the policy's cash value before it lapsed. Most insurers in Waco give a five-year window for reinstatement, but policyholders may be requested to undergo a health review or another medical assessment.

  • Do Waco residents seeking life insurance always need a medical exam?

    Not every life insurance policy in Waco mandates a medical examination. The need for such an exam often hinges on the policy type and the applicant's age. An evaluation might encompass laboratory tests, a paramedical exam, and an appraisal of the person's health background. The coverage amount desired frequently determines the necessity for this examination.

  • 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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