--- title: Life Insurance in Abilene, TX: Free Quotes and Local Facts url: https://coverfolk.com/states/texas/abilene updated: 2026-10-08 --- # Life insurance in Abilene, TX Get a free price from a Texas agent, and see what families in Abilene usually need. [Local facts](#local) Updated October 8, 2026[Fact checked](/editorial-standards) Abilene130,033 people The short answer Families in Abilene earn a median $60,605 a year, and the typical owned home is worth $185,900. A simple rule puts the need for a typical family here at about **$750,000**. Term life is usually the lowest cost way to get there. ## Abilene by the numbers Median household income : $60,605Lower than the Texas median of $79,721 Typical home value : $185,900Lower than the Texas median of $313,200 Homes owned : 58%54% of owned homes have a mortgage Households with kids : 27%47,920 households in all Age 65 and older : 14%Median age 32.8 Veterans : 7,4137.6% of adults ## Living in Abilene Abilene is one of 45 Texas cities with more than 100,000 people, with 130,033 residents and a median age of 32.8. That is younger than the state as a whole, so more families here are in the years when term life matters most. The median household here earns $60,605, below the US median of $81,604. The typical home costs about 3.1 times that income. Compared with nearby Wichita Falls (122 miles away), homes in Abilene are worth about the same ($185,900 vs $183,500), and fewer households have kids at home. The biggest hands on job group here is sales, at 10.7% of workers. Work coverage usually ends when you leave the job, so a policy you own stays put. ## Who works in Abilene The biggest groups of hands on and front line jobs here, as a share of all workers. Some of these jobs can change your price, and some companies treat them better than others. **Sales**10.7%[Real estate agents](/jobs/real-estate-agents)[Self employed](/jobs/self-employed) **Health care**10.1%[Nurses](/jobs/nurses)[EMTs and paramedics](/jobs/emts-paramedics)[Doctors](/jobs/doctors) **Driving and moving goods**8.1%[Truck drivers](/jobs/truck-drivers)[Rideshare and delivery](/jobs/rideshare-drivers)[Warehouse workers](/jobs/warehouse-workers) **Construction**6.4%[Construction](/jobs/construction-workers)[Roofers](/jobs/roofers)[Electricians](/jobs/electricians) ## What fits families in Abilene **Mortgage protection** 54% of owned homes in Abilene still have a mortgage. If your family would struggle to make that payment without you, size a policy to the loan. [More on mortgage protection](/coverage/mortgage-protection) **Term life for parents** 27% of households here have kids under 18. Term life covers the years they depend on you for the lowest price. [More on term life](/coverage/term-life) **Final expense** 14% of people in Abilene are 65 or older, close to the Texas rate. A small policy keeps funeral costs off the family. [More on final expense](/coverage/final-expense) **Veterans** About 7,413 veterans live in Abilene. VGLI is not your only choice. [More on veterans](/jobs/veterans) ## Final expense and burial insurance in Abilene About 18,800 people in Abilene are 65 or older. A small final expense policy, also called burial insurance, pays for the funeral so the family does not have to. | Age | Women, $10,000 | Men, $10,000 | | --- | --- | --- | | **60** | $33 | $43 | | **70** | $53 | $70 | | **80** | $98 | $134 | National sample rates, Choice Mutual, Rates valid as of March 9, 2026. Not a quote. [Funeral costs and help in Texas](/funeral-costs/texas) ## Texas rules that protect you * Free look: set by policy * Grace period: one month if you miss a payment * Guaranty protection: up to $300,000 in death benefits * Help line: Texas Department of Insurance, 800-252-3439 [All Texas rules](/states/texas) ## Common questions in Abilene How much life insurance do I need in Abilene? A quick rule of thumb: 10 years of income plus what you owe on your home. With Abilene's median household income of $60,605 and a typical home value of $185,900, that lands near $750,000 for a typical family. Your number depends on your debts, kids and savings. Our calculator does the math. Can I get life insurance in Abilene without a medical exam? Often, yes. Many companies approve healthy people with health questions and records instead of an exam. Older buyers can also look at simplified issue or guaranteed issue final expense plans. Do I need an agent licensed in Texas? Yes. An agent must hold a Texas license to sell you a policy. You can check a license with the Texas Department of Insurance at 800-252-3439. Source: [Texas Department of Insurance](https://www.tdi.texas.gov) What does a funeral cost near Abilene? Local prices vary by funeral home. Nationally, the median funeral with viewing and burial was $8,300 in 2023, and $6,280 with cremation (NFDA). Under the FTC Funeral Rule, any funeral home in Abilene must give you an itemized price list. Source: [FTC Funeral Rule](https://consumer.ftc.gov/articles/ftc-funeral-rule) · [NFDA price study](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral) What happens if my insurance company fails in Texas? The Texas Life & Health Insurance Guaranty Association protects Texas policyholders up to $300,000 in death benefits, per insured person. Source: [Texas Life & Health Insurance Guaranty Association](http://www.txlifega.org) · [NOLHGA: how you are protected](https://nolhga.com/policyholders/how-youre-protected/) ## Near Abilene [Wichita Falls](/states/texas/wichita-falls) (122 mi), [Fort Worth](/states/texas/fort-worth) (141 mi), [Midland](/states/texas/midland) (142 mi), [Lubbock](/states/texas/lubbock) (146 mi), [Killeen](/states/texas/killeen) (151 mi), [Arlington](/states/texas/arlington) (153 mi) ## Sources 1. [Census ACS 2024 1 year estimates, table based summary file](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/) 2. [Census 2024 Gazetteer place file](https://www.census.gov/geographies/reference-files/time-series/geo/gazetteer-files.html) 3. [2023 NFDA General Price List Study Shows Inflation Increasing Faster than the Cost of a Funeral (NFDA)](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral) 4. [Texas Department of Insurance](https://www.tdi.texas.gov) 5. [Texas Life & Health Insurance Guaranty Association](http://www.txlifega.org) Local numbers are Census American Community Survey 2024 one year estimates for Abilene, TX. The coverage figure is a rule of thumb, not advice.