Life Insurance
There are many different types of life insurance. The different types range from whole life insurance to term life insurance to universal life insurance to variable life insurance to variable universal life insurance (VUL) to mortgage protection life insurance to other different varieties. With so many different types of life insurance plans to compare it can be tempting to put off doing the responsible thing.
Compare Life Insurance Quotes The Easy Way!
Now you can do your life insurance shopping the easy way! With our free online life insurance quote shopping tool we have made the actual quoting process something that is not going to be a long, drawn out and frustrating process for you.
You will be able to save time and money in shopping for life insurance because all you have to do is simply enter in your home zip code to get started.
There is no need to travel anywhere to view life insurance quotes or make an appointment – simply relax in front of your computer in your home or office and view offers from top life insurance companies like AIG, John Hancock, Prudential, Allianz, and many others.
The Internet And Life Insurance Rates
The rise of the Internet and its increasing price transparency has helped greatly to drive life insurance rates down to all time lows.
What was once a matter of days or even weeks to view a quote with an actual real number (and even then only on a dusty proposal that was often not contrasted against any other company’s quotes to see if the price was fair) is now a matter of just a few moments!
In less time than it takes to brush your teeth you can be on your way to viewing side by side comparison term life insurance quotes and permanent life insurance quotes from multiple life insurance companies!
How To Find Cheap Life Insurance
Affordable and cheap life insurance quotes are available to compare if only you know where to look! Take a few quick moments and use our free life insurance quoting tool at the top of the page to find the best life insurance value for you and your family!
Life insurance is a financial protection that no adult should be without. Even a small amount of life insurance will protect your family from having to cover funeral expenses and your outstanding bills from their own pocket should something happen to you.
Life insurance is basically just another form of financial protection, however it is one that will benefit the people you leave behind. If you have no life insurance or think you may be underinsured, you should compare life insurance quotes today.
When To Get Or Change Your Life Insurance Policy
With every change in your life events, life insurance should be reviewed and increased or decreased as necessary.
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Finishing school and getting that first job
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Getting married
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Buying a house
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Having children
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Having grandchildren
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Starting a business
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Retirement
What Life Insurance Is Really For
Why should you take out life insurance? What is the benefit of paying on something that someone else will profit from and hopefully not till a long time from now? Remember the saying that there will still be things left on your to-do list when you die, that’s why you need life insurance. It should be able to cover your obligations and intentions that exist when you pass away.
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Paying off a mortgage
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Paying your personal and professional debts
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Putting your children through school
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Helping your spouse to maintain his or her standard of living
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Cover your funeral expenses and other associated end of life costs
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Providing a nest-egg for other goals
2 Types Of Life Insurance
There are two different types of life insurance, each with their own advantages and disadvantages. It is important to understand the difference between them to be able to make an educated decision about which fits your life and needs best.
Term Life Insurance – This type of insurance allows people to buy life insurance for a specified number of years. During certain periods of your life, typically you need more insurance than at other times. This is one of the perks of term life insurance - it is adaptable.
Permanent Life Insurance – This insurance provides for lifelong insurance coverage. The premium is fixed but it is more expensive. Such policies allow you to build equity on your insurance and to take withdrawals and loans if you need to use the money.
How To Choose The Right Amount Of Life Insurance Coverage
It is important to wisely choose the right amount of life insurance coverage. There are guidelines to help you do so. If you ask yourself these questions, you should be able to determine how much you adequately need.
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Am I going to leave unpaid bills and how much would they total up to?
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How much would it cost for funeral expenses and estate taxes?
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How would my family support itself?
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If my children are not finished college, how much would they need to do so?
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Should I leave money for my spouse’s retirement fund and if so, how much?
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What costs would my family incur without me?
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Are there any long-term family goals I should help provide for?
Once you have chosen the type of insurance you want and the coverage you need, the next step is getting quotes. Shop around for prices before making a decision. You should get several quotes from different companies. Make sure you check the stability of the company you choose.By getting ratings on the company, from independent ratings companies like Standard and Poor’s, you should have the information you need to help you choose the right one. Ratings companies will tell you how financially stable a company is. If you take out a term or permanent life insurance policy, you will definitely want the company to be around to pay your family when the time comes.
How To Tailor Your Life Insurance Policy
A rider is an additional clause on an insurance policy that typically adds extra coverage, without having to go out and get a brand-new policy each time something changes in your life. Some of these include:
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Additional Insured Rider – these will give you the bonus of including your spouse or other family member on the same policy. This will give them life insurance coverage as long as your policy stays in effect.
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Children’s Level Term Rider – this type allows you to insure children who fall within the age guidelines set by the insurer for this type of rider. It can be changed to a higher coverage after the child reaches a certain age.
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Waiver of Charges – this protection will ensure that you can continue your policy with low or no premiums should you become disabled.
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Accelerated Death Benefits – This allows your family to have access to the money that would normally be paid after death, in case you have a terminal illness.
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Return of Premium – This makes you eligible for your money back if the policy is still in place after a pre-set period of time.
Compare Free Online Life Insurance Quotes Now!
Life insurance is definitely something to consider and use as protection for your family.
To obtain a variety of life insurance quotes from competing insurance companies to help make your choice easier, go to the top of our page and start your quote now.
Get started comparing life insurance quotes today!