Life Insurance

Why Compare Life Insurance Quotes?

Did you know that taking a few minutes to compare life insurance policies can help you save hundreds of dollars in premium costs each year? The very same life insurance policy can differ in price by as much as 50% depending on the company you buy from. Our free online rate comparison tool can help you discover the best policies at the most affordable prices.

What Are the Different Types of Life Insurance?

Generally, people looking to take out a life insurance policy will choose between one of two different types of coverage. The first type of policy, called whole life insurance or permanent life insurance, lasts as long as you are making monthly premium payments. It is designed to provide coverage for your entire lifetime, and it has an added wealth-building feature which you can tap to borrow against or use for investments. The second type of policy, called term life insurance, is designed to cover you for only a specific time frame, usually between 5 to 30 years.

What Will Affect the Cost of Your Life Insurance Policy?

Life insurance companies will look at several factors when determining the cost of your coverage, including:

  • What type of policy do you need? The type of policy you choose as well as the term length and the amount of coverage you need, will all affect the cost of your monthly premiums.
  • How healthy are you? The healthier you and your family are, the less expensive your policy will be.
  • How old are you? The cost of taking out a life insurance policy starts to increase at about 10% each year once you reach the age of 40.
  • What is your gender? In general, men can expect to pay more than women for their life insurance policies.

How Much Life Insurance Do You Need?

The amount of life insurance you need depends on a few factors:

  • What are your family’s financial needs? How easy will it be for your family to replace or go without your income to meet everyday living expenses?
  • What are your debts and long-term financial obligations? What kind of debt load will the surviving members of your family have to shoulder?
  • How close are you to retirement? How long will it be until your retirement benefits start to kick in?
  • Does your employer provide life insurance? Even if your employer’s policy doesn’t offer adequate coverage, how much do you need to fill in the gaps?

At we work with the most reliable life insurance providers to help you find the best policies to suit your specific circumstances. Our free insurance comparison tool is easy to use and takes just a few minutes to complete. So what are you waiting for? Compare Life Insurance rates and start saving now!

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