Life Insurance in Texas — Average Cost 2026
Average life insurance (term, $500k) in Texas: $588/year ($49/month). Texas ranks #37 out of 51 states — above the national average.
Average annual
$588
Average monthly
$49
National rank
#37
of 51 states
vs national avg
+2.1%
Texas vs national average
Get your personalized estimate
State averages are the starting point. Your actual rate depends on your individual profile. Use our calculator for a detailed estimate.
Term life insurance in Texas: community property rules
Term life insurance rates in Texas are 2% above the national average, driven mainly by individual health, age, and lifestyle rather than geography. One thing that is state-specific: Texas is a community property state, which affects how life insurance proceeds and beneficiary designations are treated for married couples — a policy purchased during marriage can be considered joint property unless your beneficiary designation says otherwise.
The figures shown represent a benchmark rate for a healthy 40-year-old male with $500,000 in 20-year term coverage. If you're married and live in Texas, it's worth confirming your beneficiary designation matches your intent, ideally with an estate planning attorney.