Life insurance companies in Arkansas play a vital role in providing financial protection and peace of mind to individuals and families. This sector encompasses a mix of established agencies and startups, each offering various policies like whole and term life insurance, disability coverage, and supplemental products. As the industry evolves with technology, insurers are increasingly adopting digital tools to simplify claims processes and enhance customer service. Additionally, public awareness of the importance of life insurance is growing, driving demand and competition. Overall, the landscape appears poised for innovation and responsiveness to client needs.


The list features 19 life insurance companies located in Arkansas, ranging from small agencies with under ten employees to larger firms employing up to 1,000 people. Most companies were founded in the mid to late 20th century, showcasing decades of operational experience in the insurance domain. Based in cities like Little Rock, Springdale, and Fort Smith, these agencies concentrate on life insurance, health coverage, and other related financial products. Each organization approaches customer service and risk management with unique strategies, drawing from local markets to meet specific community needs.


Continue reading to discover the top life insurance companies in Arkansas.


Top 19 Life Insurance Companies in Arkansas


1. Boone Ritter Insurance


Boone Ritter Insurance, established in 1968, is a private insurance agency based in Springdale, Arkansas. The company was formed through the merger of two agencies by friends Joe "Sandy" Boone and James Ritter. Initially focused on life insurance, the agency expanded its offerings over the years to include a wide range of insurance products such as auto, home, business, and health insurance. Boone Ritter Insurance serves both individual consumers and businesses, providing tailored insurance solutions to help manage risks and protect assets. The agency has grown through strategic acquisitions, including the purchase of Northwest Arkansas Insurance Agency and JMR Insurance, which allowed it to extend its reach into Central Arkansas. With a team of 16 employees, Boone Ritter Insurance operates primarily in Arkansas, Oklahoma, Texas, Missouri, and Louisiana, emphasizing personalized service and a commitment to client satisfaction.


2. USAble Life

  • Website: usablelife.com
  • Ownership type: Private
  • Headquarters: Little Rock, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2005
  • Headcount: 501-1000
  • LinkedIn: usable-life

USAble Life, founded in 2005 and based in Little Rock, Arkansas, is a private insurance company that provides a range of life and disability insurance products. The company offers Group Term Life, Short Term Disability, and various supplemental insurance options designed to help customers manage financial risks associated with health and life events. With a workforce of approximately 518 employees, USAble Life operates exclusively within the United States. The company emphasizes its commitment to customer service, boasting that over 95% of complete claims are processed within five days and with 97% accuracy. USAble Life also engages in community initiatives and has received recognition as one of the best places to work in Arkansas and Florida, reflecting its positive workplace culture and employee satisfaction. Their focus on partnerships with trusted medical carriers enhances their service offerings, making them a relevant player in the life insurance industry.


3. The Hatcher Agency

  • Website: hatcheragency.com
  • Ownership type: Private
  • Headquarters: Little Rock, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1990
  • Headcount: 51-200
  • LinkedIn: the-hatcher-agency

The Hatcher Agency, founded in 1990 by Greg Hatcher, is a private insurance agency based in Little Rock, Arkansas. With a workforce of approximately 88 employees, the agency provides a range of insurance services, including health, life, and property and casualty insurance. They cater to both individual consumers and businesses, helping clients secure necessary coverage to manage risks and ensure financial security. The agency has built a strong reputation in the Arkansas insurance market, consistently recognized for its excellence in service and performance. Notably, The Hatcher Agency has been awarded 'Best Life Insurance Provider' by Arkansas Business and has maintained a position as a top producer in health insurance sales in the state. Their commitment to community involvement and philanthropy further enhances their standing in the industry, showcasing a dedication to not just business, but also social responsibility.


4. Arkansas Farm Bureau Insurance


Arkansas Farm Bureau Insurance, based in Little Rock, Arkansas, has been serving the insurance needs of Arkansans since its establishment in 1958. The company offers a variety of insurance products, including auto, home, farm, and notably, life insurance. With a workforce of approximately 201-500 employees, they emphasize local service by connecting customers with agents who understand the unique needs of their communities. Their life insurance offerings include both whole and term policies, aimed at providing financial protection for families. The company is also actively involved in community service initiatives, supporting local organizations and causes, which reflects their commitment to the well-being of the communities they serve. This local focus, combined with their extensive experience in the industry, positions them as a relevant player in the life insurance market.


5. Colburn Financial

  • Website: colburnfinancial.com
  • Ownership type: Private
  • Headquarters: Fayetteville, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2014
  • Headcount: 51-200
  • LinkedIn: colburn-financial

Colburn Financial is a private financial services firm based in Fayetteville, Arkansas, founded in 2014. With a team of 51-200 employees, the company specializes in comprehensive financial planning, investment advice, and insurance solutions. They cater to individuals and families, helping them navigate financial challenges and secure their financial futures through tailored strategies. Colburn Financial places a strong emphasis on asset and income protection, which includes a robust life insurance offering. Their services extend beyond insurance to encompass retirement planning, estate planning, and business planning, showcasing their holistic approach to financial health. The firm operates independently, allowing them to provide unbiased recommendations tailored to client needs. Their commitment to client education and personalized service further solidifies their role in the financial services industry.


6. McGhee Insurance Agency


McGhee Insurance Agency, established in 1999, is a private insurance agency based in Little Rock, Arkansas. With a team of approximately 26 employees, the agency has built a reputation for offering a wide array of insurance solutions tailored to the needs of both businesses and families. Their offerings include commercial insurance products such as general liability, workers' compensation, and cyber insurance, alongside personal insurance options like auto, homeowners, and life insurance. The agency prides itself on its commitment to customer service, emphasizing the importance of understanding client needs to create comprehensive insurance plans. Over the years, McGhee Insurance has developed partnerships with various insurance providers, allowing them to offer competitive quotes and coverage options. Their experience in the industry, spanning over two decades, positions them as a knowledgeable player in the insurance market, particularly within Arkansas.


7. Integrity Insurance

  • Website: integrityinsurancear.com
  • Ownership type: Private
  • Headquarters: Conway, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: integrityinsurance

Integrity Insurance Group, Inc., founded in 2011 and based in Conway, Arkansas, is a private insurance agency that offers a wide array of insurance products, including life insurance, auto, home, health, and business insurance. With a team of around 20 employees, the agency prides itself on delivering personalized service and claims advocacy to both individual consumers and businesses. Integrity Insurance actively shops the insurance marketplace to find optimal coverage options for its clients, ensuring that they receive the best combination of cost and coverage. The agency's commitment to community involvement is evident through its referral program, which supports local nonprofits, further enhancing its reputation in the community. The agency's independent status allows it to provide clients with a broad selection of insurance products from multiple carriers, ensuring that they can find the right fit for their unique needs.


8. Farris Agency Inc

  • Website: farrisagency.com
  • Ownership type: Private
  • Headquarters: Conway, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1903
  • Headcount: 11-50
  • LinkedIn: farris-agency-inc

Farris Agency Inc, established in 1903, is a privately owned insurance agency based in Conway, Arkansas. With a team of 11 to 50 employees, the agency has built a reputation for providing a wide array of insurance products, including personal, commercial, health, and life insurance. Farris Agency serves both individual consumers and businesses, helping them manage risks and protect their assets through customized insurance solutions. The agency prides itself on its local roots and community involvement, emphasizing the importance of building relationships with clients. Over the years, Farris Agency has represented some of the most competitive insurance companies in the nation, ensuring that they can offer a variety of options to meet the unique needs of their clients. Their commitment to service is reflected in the testimonials from satisfied customers, highlighting their dedication to support and guidance throughout the insurance process.


9. Farris Insurance Agency, Inc.

  • Website: farrisinsurance.com
  • Ownership type: Corporate
  • Headquarters: Springdale, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: June 2020
  • Founded year: 1973
  • Headcount: 11-50
  • LinkedIn: farris-insurance-agency-inc-

Farris Insurance Agency, Inc., established in 1973, is an independent insurance agency located in Springdale, Arkansas. The agency serves the Northwest Arkansas region, providing a comprehensive suite of insurance services that includes business, auto, homeowner's, health, and life insurance. With a team of approximately 31 employees, Farris Insurance has built a reputation for its commitment to risk management and customer service. The agency caters to both individual consumers and businesses, emphasizing tailored coverage solutions. Farris Insurance has received several awards for its performance in the insurance industry, reflecting its dedication to quality service. The agency's involvement in the life insurance sector, while present, is part of a broader portfolio that prioritizes commercial insurance, particularly for the local poultry industry and other businesses in the area.


10. Life & Specialty Ventures, LLC.

  • Website: lsvusa.com
  • Ownership type: Private
  • Headquarters: Little Rock, Arkansas, United States (USA)
  • Founded year: 2005
  • Headcount: 501-1000
  • LinkedIn: lsv-usa

Life & Specialty Ventures, LLC. (LSV) is an insurance provider based in Little Rock, Arkansas, established in 2005. The company specializes in ancillary insurance products, including supplemental, life, and disability insurance, as well as dental services. LSV partners with health plans and businesses to enhance the health and financial security of their members. Their offerings are designed to meet the specific needs of both individual consumers and organizations. LSV operates under the USAble Life brand, which is recognized for its financial strength, holding an 'A' (excellent) rating from A.M. Best. The company serves over 27,000 groups and insures more than 1.7 million individuals, showcasing its significant presence in the market. LSV is also noted for its innovative programs, such as Dental4Health, which integrates dental and medical coverage to improve overall health outcomes. Their leadership team brings extensive experience from large health insurance organizations, further solidifying their expertise in the industry.


11. BHC Insurance

  • Website: bhca.com
  • Ownership type: Private
  • Headquarters: Fort Smith, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1915
  • Headcount: 51-200
  • LinkedIn: bhcinsurance

BHC Insurance, founded in 1915 and based in Fort Smith, Arkansas, is a private insurance agency that provides a wide array of insurance products. With a workforce of approximately 65 employees, the company serves individuals, businesses, and municipalities, helping them manage risks and protect their assets through customized insurance solutions. BHC Insurance specializes in various types of coverage, including life insurance, health insurance, and long-term care insurance, alongside its offerings in business and personal insurance. The agency operates in Arkansas, Oklahoma, and 25 additional states, showcasing its regional influence and operational reach. BHC Insurance prides itself on its consultative approach, working closely with clients to understand their unique needs and risk exposures, thereby delivering effective insurance solutions tailored to their specific circumstances.


12. The ASA Group, Inc.

  • Website: theasagroup.com
  • Ownership type: Corporate
  • Headquarters: Little Rock, Arkansas, United States (USA)
  • Latest funding: July 2023
  • Founded year: 1977
  • Headcount: 11-50
  • LinkedIn: the-asa-group---bramco

The ASA Group, Inc., founded in 1977 and based in Little Rock, Arkansas, operates as a brokerage general agency. The company specializes in supporting financial advisors by offering a range of insurance products, including life insurance, long-term care, annuities, and disability insurance. Their services are designed to help advisors streamline their operations and provide competitive solutions to their clients. The ASA Group emphasizes the importance of efficient processes, enabling advisors to focus on growing their business while ensuring that clients receive the best possible options. They provide various tools and resources, such as quoting tools and underwriting guidelines, to assist advisors in navigating the complexities of insurance products. The ASA Group's commitment to the financial services sector and their active role in facilitating life insurance sales positions them as a relevant player in the industry.


13. Pro Benefits Group, Inc.


Pro Benefits Group, Inc. is a private corporation based in Hot Springs, Arkansas, founded in 1989. The company specializes in retirement planning services, particularly for educators, and offers a range of financial solutions including life insurance and annuities. With a dedicated focus on helping educators secure their financial futures, Pro Benefits Group provides tailored retirement training and counseling. They are recognized as the first to introduce 457(b) plans to public schools in Arkansas and are the largest provider of these plans in the state. Their partnership with the Arkansas School Boards Association and the Arkansas Association of Educational Administrators underscores their commitment to the educational community. Pro Benefits Group represents reputable companies such as American National - Life of the Southwest/National Life Group, which is noted for its trustworthiness. The firm operates with a small team, emphasizing personalized service and a client-centric approach.


14. Alex Baldwin - State Farm Insurance Agent


Alex Baldwin - State Farm Insurance Agent is a private insurance agency located in Fayetteville, Arkansas, established in 2010. The agency operates as an independent contractor for State Farm, providing a wide array of insurance products to its clients. These offerings include auto, home, life, and recreational vehicle insurance, catering to individuals and families looking to protect their assets and manage risks. With a team of 16 employees, the agency emphasizes personalized service and customer relationships, acting as a liaison between clients and the extensive services provided by State Farm. The agency's commitment to customer service is evident in their proactive approach to marketing relevant products and addressing client needs. They are licensed to operate in multiple states, enhancing their reach and service capabilities.


15. Eldercare Insurance Services, Inc.


Eldercare Insurance Services, Inc., founded in 1982 and based in Hot Springs, Arkansas, is an insurance agency that specializes in products aimed at the eldercare and senior market. The company offers a range of insurance solutions, including Medicare Supplement Insurance, Final Expense Insurance, and other related products. With a workforce of approximately 55 employees, Eldercare operates primarily through a network of independent agents, providing them with training and support to effectively serve their clients. In 2018, Eldercare placed over $60 million in annualized premiums, assisting more than 40,000 Americans in planning for their life and health insurance needs. Their recent acquisition by Integrity Marketing Group has positioned them as one of the largest senior market insurance marketing organizations in the United States, further enhancing their capabilities and reach in the industry.


16. Buffalo Agency

  • Website: buffaloagency.com
  • Ownership type: Family Owned
  • Headquarters: Cabot, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1961
  • Headcount: 11-50
  • LinkedIn: buffalo-agency

Buffalo Agency, based in Cabot, Arkansas, is a family-owned insurance agency that has been serving clients since 1961. With a team of 15 employees, they specialize in various insurance services, including life insurance, health insurance, auto insurance, home insurance, and business insurance. The agency prides itself on providing personalized service and comprehensive coverage options tailored to the unique needs of both individual consumers and businesses. Their independent status allows them to work with multiple insurance providers, enabling them to offer competitive pricing and a range of options to their clients. Buffalo Agency's commitment to customer satisfaction is reflected in numerous positive testimonials from clients who appreciate their responsiveness and expertise. They operate with a focus on protecting clients' financial interests and ensuring peace of mind through effective insurance solutions.


17. National Insurance Benefit Coordinators


National Insurance Benefit Coordinators, Inc. (NIBC) is an insurance agency based in North Little Rock, Arkansas, established in 1987. The company specializes in a range of insurance products, including health, life, and Medicare plans. NIBC primarily serves individuals, families, and businesses, helping them navigate the complexities of insurance to find suitable coverage. The agency has a notable history of working with federal employees, particularly those in the U.S. Postal Service, and has enrolled a significant number of clients in various insurance plans over the years. NIBC operates as an independent agency, representing multiple insurance carriers across North America. Their focus on personalized service and integrity has been a cornerstone of their operations since inception. The company has not reported any funding, indicating it operates as a privately held entity without external financial backing.


18. The Cashion Company

  • Website: cashionco.com
  • Ownership type: Private
  • Headquarters: Little Rock, Arkansas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1975
  • Headcount: 11-50
  • LinkedIn: thecashioncompany

The Cashion Company, based in Little Rock, Arkansas, is an insurance agency that has been serving clients since 1975. Founded by Knight Cashion, the agency prides itself on delivering tailored insurance solutions that meet the unique needs of both businesses and individuals. With a team of 24 professionals, they focus on building long-lasting relationships with their clients, emphasizing personalized service and integrity. The company offers a variety of insurance products, including business, personal, life, and surety insurance. Their commitment to customer support is evident in their mission to provide effective risk management and asset protection. The Cashion Company is also involved in the local community and industry, supporting initiatives and contributing to trade publications. They have not reported any funding, indicating a stable, self-sustaining business model.


19. Cook Insurance Agency Inc.


Cook Insurance Agency Inc., based in Paragould, Arkansas, has been serving the community since 1972. This privately owned agency specializes in a wide array of insurance products, including vehicle, property, health, and notably, life insurance. As an independent agency, Cook Insurance Agency prides itself on offering personalized service, allowing clients to access various insurance carriers to find the best coverage options tailored to their specific needs. The agency's commitment to customer satisfaction and community involvement positions it as a trusted resource for individuals and businesses alike. With a small team of dedicated professionals, Cook Insurance Agency focuses on building relationships and providing comprehensive insurance solutions that adapt to the changing needs of its clients.



Life Insurance Insights: Key Companies in Arkansas


CompanyHeadquarterSizeFoundedOwnership
Boone Ritter InsuranceSpringdale, Arkansas, United States (USA)11-501968Private
USAble LifeLittle Rock, Arkansas, United States (USA)501-10002005Private
The Hatcher AgencyLittle Rock, Arkansas, United States (USA)51-2001990Private
Arkansas Farm Bureau InsuranceLittle Rock, Arkansas, United States (USA)201-5001958Private
Colburn FinancialFayetteville, Arkansas, United States (USA)51-2002014Private
McGhee Insurance AgencyLittle Rock, Arkansas, United States (USA)11-501999Private
Integrity InsuranceConway, Arkansas, United States (USA)11-502011Private
Farris Agency IncConway, Arkansas, United States (USA)11-501903Private
Farris Insurance Agency, Inc.Springdale, Arkansas, United States (USA)11-501973Corporate
Life & Specialty Ventures, LLC.Little Rock, Arkansas, United States (USA)501-10002005Private
BHC InsuranceFort Smith, Arkansas, United States (USA)51-2001915Private
The ASA Group, Inc.Little Rock, Arkansas, United States (USA)11-501977Corporate
Pro Benefits Group, Inc.Hot Springs, Arkansas, United States (USA)1-101989Private
Alex Baldwin - State Farm Insurance AgentFayetteville, Arkansas, United States (USA)11-502010Private
Eldercare Insurance Services, Inc.Hot Springs, Arkansas, United States (USA)51-2001982Private
Buffalo AgencyCabot, Arkansas, United States (USA)11-501961Family Owned
National Insurance Benefit CoordinatorsNorth Little Rock, Arkansas, United States (USA)1-101987Private
The Cashion CompanyLittle Rock, Arkansas, United States (USA)11-501975Private
Cook Insurance Agency Inc.Paragould, Arkansas, United States (USA)1-101972Private


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