GET YOUR AFFORDABLE LIFE INSURANCE QUOTE TODAY!

  • Enter your information.
  • Compare your quotes.
  • That's it. Simple & Fast!
Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

Quotes Made Easy

Enter your information

Answer some questions, no obligations.  Secure.

Compare Providers

Find your best match with our top insurance providers!

Get Quote

Receive your free quote.

About Life Insurance

Do I really need life insurance? People ask themselves this question all the time. Unfortunately, many people decide that it is not a necessity. Rather, they dismiss it as a luxury expense. This is often for 2 reasons. First of all, people fail to recognize the importance. Second, they overestimate the cost of life insurance policies.

In the big picture, it is crucial to remember that your life is the most important thing you have. It is clearly worth the investment of a small monthly fee. Consider the impact that losing you might have on your loved ones. Will they be able to manage financially without you? Will they be able to cover the costs of your burial and funeral? You have the ability to provide for your family in the event that the worst should happen. You can make sure they are taken care of with a reasonable monthly fee. Think of it as an investment! When you look at life insurance quotes, there are several different types to consider. Read on for details.

Term Life Insurance
A lot of people select term life insurance, because it tends to be less expensive. This type provides coverage for a specified time period such as 5, 10, 15, 20 or 30 years. Of course, once this time period expires, you then have to secure a new policy. This can be difficult if you have developed medical conditions. And, of course, increasing age means that you are statistically more likely to pass away, so premiums are higher. Consider your health and life expectancy. If a person chooses the 30 year duration option they have the longest period of coverage but that would not be the best for a person in their 20's. This means your policy would expire when you are around 55, when it is more expensive to get a new policy.

With term insurance, if a person dies during the 30 year duration, then the beneficiaries would receive the payout tax-free. If your investments aside from life insurance have been passed to beneficiaries, in most cases, the investments will be taxed prior to your loved ones receiving them. Term insurance is considered temporary insurance and may be beneficial for young people who can renew their policy easily every 5 to 10 years.

Whole Life Insurance

The next type of policy is whole life insurance. As the policy says it is in effect for your whole life, usually until age 100. Of course, this means you are continuously paying the premiums as long as you are alive. This is beneficial, because you do not have to worry about the policy expiring. An added bonus is that, when the whole life policy accumulates over time, it builds cash value which may be borrowed from the owner. The whole life policy may have substantial cash value after a period of 15 to 20 years and many investors have taken notice of this. In times of extreme monetary need, you could take advantage of this option rather than borrowing from a third party.

Take a look at some quotes and assess your needs to figure out which option is best for you!

Most Read Reviews & Articles

The Benefit of Life Insurance

June 30, 2018

The Benefits of Life Insurance We rеаd thе nеwѕрареr еvеrу day аnd wе always see thеrе are people whо diеd withоut аnу vаluаblе mеаnѕ оf inhеritаnсе оr саѕh lеft tо…

Read More

Life Insurance for Smokers

June 30, 2018

Life Insurance for Smokers Why is life insurance for smokers more expensive? For starters, science has proven that ѕmоking increases thе rаtеѕ of heart diѕеаѕе, саnсеr, аnd breathing рrоblеmѕ. Naturally,…

Read More

Risky Business: Life Insurance Coverage for People in High-Risk Jobs

June 30, 2018

First of all, what is a high-risk plan? Well, a high-riѕk lifе inѕurаnсе plan iѕ a ѕресiаl type оf insurance dеѕignеd fоr реорlе in risky jоbѕ. For instance, jоbѕ ѕuсh…

Read More

Renewing Your Life Insurance Policy

June 30, 2018

Term Life Insurance 101 First of all, it is important to know that a lifе inѕurаnсе policy is аn аgrееmеnt bеtwееn an inѕurаnсе provider аnd аn individuаl, knоwn аѕ аn…

Read More

RECENT POSTS

Coronavirus Pandemic Reminds Us of Importance of Life Insurance

May 4, 2020

As of the beginning of May 2020, coronavirus is responsible for almost a quarter of a million deaths worldwide. The coronavirus pandemic has reminded us of all of what is…

Read More

Kobe Bryant’s Tragic Loss Reminds Us of the Fragility of Life

January 27, 2020

Kobe Bryant’s passing is a terrible tragedy. It’s easy to forget how fragile life is. Unfortunately, we can get caught up in the hustle and bustle. It is not uncommon…

Read More

Purchasing Life Insurance During a Health Crisis

July 8, 2020

There are several things to consider during a global health pandemic. Sometimes the increased messaging can create more fear and lack of understanding than we would like. Our world has…

Read More

Life Insurance Needs Assessment: Top 5 Reasons You Need Life Insurance

November 24, 2019

We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…

Read More

Insuravita Partner Links

TheLibertyQuill Logo 150x87