Quotes Texas

            Life insurance is used to help your chosen beneficiaries to be financially supported when you die and to help uphold the standard of living that they had before your death.  Life insurance is not an investment, and it is against Texas law to market it as an investment or as a source of retirement income. 

If you have young children or are planning to start a family, purchasing life insurance should really be considered as your children are more than likely dependent upon your income.  Working couples do not necessarily need life insurance unless one spouse is not working and is dependent upon the other’s income.  If you have children who are financially independent, you do not necessarily need to purchase life insurance. And remember, when purchasing a life insurance policy, you are more likely to receive lower premiums if you are younger, in good health, and do not smoke.  

Based on market share, Metropolitan Life Insurance Company has the highest share among insurers in Texas at about 6.28 percent.  The Northwestern Mutual Life Insurance Company follows with 4.75 percent, and The Lincoln National Life Insurance Company has the third largest market share at 3.20 percent.  These top three insurers thereby represent only 14.23 percent of the market, meaning there are many more life insurance providers to choose from.  Therefore, when choosing a provider, you may look to opinions from your friends or family as well as rating agencies.  More importantly, however, you should make certain that the insurance company is licensed by the Texas Department of Insurance to legally sell life insurance.