--- title: Life Insurance in Laredo, TX: Free Quotes and Local Facts url: https://coverfolk.com/states/texas/laredo updated: 2026-10-08 --- # Life insurance in Laredo, TX Get a free price from a Texas agent, and see what families in Laredo usually need. [Local facts](#local) Updated October 8, 2026[Fact checked](/editorial-standards) Laredo261,408 people The short answer Families in Laredo earn a median $61,519 a year, and the typical owned home is worth $210,100. 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. ## Laredo by the numbers Median household income : $61,519Lower than the Texas median of $79,721 Typical home value : $210,100Lower than the Texas median of $313,200 Homes owned : 65%51% of owned homes have a mortgage Households with kids : 44%80,968 households in all Age 65 and older : 10%Median age 30.3 Veterans : 3,2091.8% of adults ## Living in Laredo Laredo is one of 45 Texas cities with more than 100,000 people, with 261,408 residents and a median age of 30.3. 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 $61,519, below the US median of $81,604. The typical home costs about 3.4 times that income. Compared with nearby Edinburg (119 miles away), homes in Laredo are worth less ($210,100 vs $223,900), and more households have kids at home. The biggest hands on job group here is driving and moving goods, at 13.3% of workers. Drivers who switch carriers often lose their work coverage, so a policy they own matters. ## Who works in Laredo 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. **Driving and moving goods**13.3%[Truck drivers](/jobs/truck-drivers)[Rideshare and delivery](/jobs/rideshare-drivers)[Warehouse workers](/jobs/warehouse-workers) **Sales**9.8%[Real estate agents](/jobs/real-estate-agents)[Self employed](/jobs/self-employed) **Health care**8.8%[Nurses](/jobs/nurses)[EMTs and paramedics](/jobs/emts-paramedics)[Doctors](/jobs/doctors) **Teaching**8.2%[Teachers](/jobs/teachers) ## What fits families in Laredo **Mortgage protection** 51% of owned homes in Laredo 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** 44% 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** 10% of people in Laredo are 65 or older, lower than the Texas rate. A small policy keeps funeral costs off the family. [More on final expense](/coverage/final-expense) **Veterans** About 3,209 veterans live in Laredo. VGLI is not your only choice. [More on veterans](/jobs/veterans) ## Final expense and burial insurance in Laredo About 26,500 people in Laredo 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 Laredo How much life insurance do I need in Laredo? A quick rule of thumb: 10 years of income plus what you owe on your home. With Laredo's median household income of $61,519 and a typical home value of $210,100, 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 Laredo 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 Laredo? 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 Laredo 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 Laredo [Edinburg](/states/texas/edinburg) (119 mi), [McAllen](/states/texas/mcallen) (120 mi), [Corpus Christi](/states/texas/corpus-christi) (142 mi), [San Antonio](/states/texas/san-antonio) (144 mi), [Brownsville](/states/texas/brownsville) (166 mi), [New Braunfels](/states/texas/new-braunfels) (170 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 Laredo, TX. The coverage figure is a rule of thumb, not advice.