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Compare Life Insurance

Life insurance is ironically named – in most cases life insurance is actually designed to provide financial benefits after the policy holder has passed.  Life insurance also has many emotional elements involved that can cloud your judgment in choosing a policy.  Rational consideration of your needs – as well as checking out prospective companies with oversight agencies like A.M. Best,  Moody’s or Fitch can ensure that the company is competent and reputable and that the policy you choose is adequate for your needs – without overspending.

Types of Coverage

The type of insurance that’s best for you, as well as your coverage needs are likely to change. Aging and experiencing life events such as having children or purchasing a home are naturally related to differing life insurance needs. Ideally, the insurance company you choose will offer a variety of coverage types.  The five most common types of life insurance are term, whole, survivorship, universal and variable universal.

  • Term:  Less expensive premiums with payouts limited to the face value of the policies. Term life insurance policies expire after a specified number of years.  Specialized term life insurance policies can cover mortgages, higher education or other expenses. Many younger people opt for term life insurance policies. Some term life policies include the option to convert to whole life policies at the end of their term.
  • Whole, Universal and Variable Universal: More comprehensive coverage with higher premiums that include investments that build equity and do not expire. Often suitable for older individuals or individuals seeking coverage with investment possibilities.
  • Survivorship:  Policies that cover two people, with the surviving insured policy holder inheriting the payout for the policy. Many married couples and business partners choose survivorship life insurance policies.

Perks and Additional Services

Individuals under age 46, women, nonsmokers and individuals in good health routinely enjoy lower life insurance premiums than males, older people and smokers. In fact, if you fall in a lower risk group, you may be able to obtain significant savings on your premiums by shopping around. By contrast, severely overweight individuals, smokers and people in poor health may find it difficult to find life insurance policies with affordable premiums.  Online insurance matching services may reveal suitable life insurance policies for high risk individuals.

Regardless of your risk factors, you might find savings by bundling your life insurance policy with your home insurance or other policies.  Other features to consider include retirement benefits and estate planning.  Homeowners should consider policies to pay their mortgages while parents should seek policies to cover educational costs for their children and household expenses for surviving spouses or partners.  Business owners, especially those involved with partnerships, need policies to cover their financial interest in their companies.

Premiums and Discounts

The Internet has revolutionized shopping, making it possible to receive initial quotes on cars and other items and services – including life insurance.  Ideally, you should be able to obtain quotes online and by email as well as by phone or in person.  You should take the opportunity to shop around – premium prices vary widely by company as well as by demographic factors such as gender, age and general state of health.

Service and Support

Many life insurance companies provide policy holders with online support, enabling payments and claim submission 24/7.  Some companies also have dedicated mobile apps; others feature mobile-friendly websites. You should also be able to obtain support by email and telephone. Claim forms should be available for download from the website. If your agent is local, he or she should be available for appointments, especially if you’ve purchased whole life insurance as part of an investment or retirement strategy.

Compare Life Insurance

Life insurance is ironically named – in most cases life insurance is actually designed to provide financial benefits after the policy holder has passed.  Life insurance also has many emotional elements involved that can cloud your judgment in choosing a policy.  Rational consideration of your needs – as well as checking out prospective companies with oversight agencies like A.M. Best,  Moody’s or Fitch can ensure that the company is competent and reputable and that the policy you choose is adequate for your needs – without overspending.

Types of Coverage

The type of insurance that’s best for you, as well as your coverage needs are likely to change. Aging and experiencing life events such as having children or purchasing a home are naturally related to differing life insurance needs. Ideally, the insurance company you choose will offer a variety of coverage types.  The five most common types of life insurance are term, whole, survivorship, universal and variable universal.

  • Term:  Less expensive premiums with payouts limited to the face value of the policies. Term life insurance policies expire after a specified number of years.  Specialized term life insurance policies can cover mortgages, higher education or other expenses. Many younger people opt for term life insurance policies. Some term life policies include the option to convert to whole life policies at the end of their term.
  • Whole, Universal and Variable Universal: More comprehensive coverage with higher premiums that include investments that build equity and do not expire. Often suitable for older individuals or individuals seeking coverage with investment possibilities.
  • Survivorship:  Policies that cover two people, with the surviving insured policy holder inheriting the payout for the policy. Many married couples and business partners choose survivorship life insurance policies.

Perks and Additional Services

Individuals under age 46, women, nonsmokers and individuals in good health routinely enjoy lower life insurance premiums than males, older people and smokers. In fact, if you fall in a lower risk group, you may be able to obtain significant savings on your premiums by shopping around. By contrast, severely overweight individuals, smokers and people in poor health may find it difficult to find life insurance policies with affordable premiums.  Online insurance matching services may reveal suitable life insurance policies for high risk individuals.

Regardless of your risk factors, you might find savings by bundling your life insurance policy with your home insurance or other policies.  Other features to consider include retirement benefits and estate planning.  Homeowners should consider policies to pay their mortgages while parents should seek policies to cover educational costs for their children and household expenses for surviving spouses or partners.  Business owners, especially those involved with partnerships, need policies to cover their financial interest in their companies.

Premiums and Discounts

The Internet has revolutionized shopping, making it possible to receive initial quotes on cars and other items and services – including life insurance.  Ideally, you should be able to obtain quotes online and by email as well as by phone or in person.  You should take the opportunity to shop around – premium prices vary widely by company as well as by demographic factors such as gender, age and general state of health.

Service and Support

Many life insurance companies provide policy holders with online support, enabling payments and claim submission 24/7.  Some companies also have dedicated mobile apps; others feature mobile-friendly websites. You should also be able to obtain support by email and telephone. Claim forms should be available for download from the website. If your agent is local, he or she should be available for appointments, especially if you’ve purchased whole life insurance as part of an investment or retirement strategy.

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Company

Reviews

Financial Strength Rating

Additional Details

Company Website

Haven Life

Haven Life

Be the first to rate

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Financial Strength Rating
A+
Superior
  • Term
  • Online Quote
Show Additional Details
  • Term
  • Online Quote
LadderLife

LadderLife

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Be the first to rate

Financial Strength Rating
A-
Excellent
  • Term
  • Online Quote
Show Additional Details
  • Term
  • Online Quote
Bestow

Bestow

Be the first to rate

Be the first to rate

Financial Strength Rating
A+
Superior
  • Term
  • Online Quote
Show Additional Details
  • Term
  • Online Quote
MetLife

MetLife

1
2
 
3 total votes
Financial Strength Rating
A+
Superior
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
Show More
Show Additional Details
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
Aflac

Aflac

4
2
3
9 total votes
Financial Strength Rating
A+
Superior
  • Term
  • Universal
  • Whole Life
  • Online Quote
Show Additional Details
  • Term
  • Universal
  • Whole Life
  • Online Quote
Assurant

Assurant

1
 
1
2 total votes
Financial Strength Rating
B
Fair
  • Term
Combined Insurance

Combined Insurance

1
 
 
1 total votes
Financial Strength Rating
A+
Superior
  • Whole Life
  • Online Quote
Show Additional Details
  • Whole Life
  • Online Quote
New York Life

New York Life

 
1
 
1 total votes
Financial Strength Rating
A+
Superior
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
Show More
Show Additional Details
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
State Farm

State Farm

1
1
3
5 total votes
Financial Strength Rating
A+
Superior
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
Show More
Show Additional Details
  • Survivorship
  • Term
  • Universal
  • Variable Universal
  • Whole Life
  • Online Quote
American Family

American Family

 
 
1
1 total votes
Financial Strength Rating
A
Excellent
  • Term
  • Whole Life
  • Online Quote
Show Additional Details
  • Term
  • Whole Life
  • Online Quote