Top Life Insurance Providers

Getting life insurance is one of the most magnificent ideas that you have thought of. But what are the top life insurance providers? Find out now!

✔ Last updated: 2020-09-14

There are lots of top life insurance providers out there, but it can be challenging to understand their policies at first glance. You could be lost at first, and don’t know exactly where to start.

But don’t worry. We have created a list of comparison chart for you to understand the great deals these life insurance providers offer.

Rank

Service Provider

Features

Visit Site

★★★★★
100+ Ratings

Better rates for health conscious people

✔Special rate for those in good shape
✔Policies from selection of top carriers
✔Get discounted rates by completing quiz

★★★★★
100+ Ratings

Get a free quote online in just minutes

✔Term life, whole life, burial plans
✔30-day money back guarantee
✔No medical exam needed

★★★★★
100+ Ratings

Apply now for up to $3M in term life insurance coverage

✔Apply online—anywhere, anytime
✔Immediate decision on eligibility
✔Issued by leading insurer, MassMutual

★★★★
100+ Ratings

Quick application for affordable plans personally catered to your needs

✔100% online, no need to meet with agent
✔10-30 year term life policies available
✔Coverage between $25K to $10M

★★★★
100+ Ratings

Personalized life insurance policies to suit your needs

✔Quick and simple application process
✔Health insurance policies available
✔Licensed in 50 states

★★★★
100+ Ratings

A network of over 70 insurance providers

✔Request a free quote in seconds
✔Useful dictionary of insurance terms
✔Competitive rates for all policies

★★★★
100+ Ratings

Compare quotes from over a dozen carriers

✔Thousands of policy options available
✔No hidden fees
✔Free paramedical exam

Why Do I Need Life Insurance?

The needs for life insurance can depend on your personal situation and how many dependents you have. If you have zero dependents, then you probably do not need to get life insurance.

But if you have a family and your salary plays a vital role in supporting them, paying the house mortgage, sending your children to universities, or even just recurring bills, then you should consider life insurance as a great way to ensure these financial obligations are covered in the event of your death.

How Much Coverage Do I Need?

There is no rule of thumb in how much coverage one should get because the amount of life insurance you need will depend on different factors like the number of dependents that you have, your current debts, your lifestyle and your other sources of income. However, we can provide you a guideline. You may want to get a policy that would be worth between five to ten times your annual salary in the event of your death. But we still recommend you consulting a financial advisor to determine how much coverage you should obtain.

Types of Life Insurance

There are several different types of life insurance policies out there like whole life, term life, universal life, and variable life.

Whole life policies offer both death benefit and cash value, but it is a lot more expensive than other types of life insurance. This policy is in effect until your death, even after you have paid all your premiums.

If you want permanent life insurance, then get variable life policies. It will build up a cash reserve that you can use to invest in any of the choices offered by the top life insurance company of your choice.

Universal life insurance is another form of permanent life insurance. You can vary the amount of this policy by using part of your accumulated earnings to cover part of the premium cost.

How Much Will It Cost?

The cost of life insurance varies. It depends on how much you want to buy, the type of policy you want, and how much commission the company pays your life insurance agent.

Life insurance policies often have hidden costs like fees and massive commissions that you may not notice until you have purchased the policy.

A healthy 30=year old could expect to pay at least $300 per year for $300,000 of term insurance. But if you want the same amount of coverage under a cash value policy, it would cost over $3,000 per annum.

 

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