Life Insurance Tools
Our goal is to create savvy life insurance consumers that are able to get the policy they want while staying within their budget. To do this we've pulled together several life insurance tools that will help save big money on your term life insurance policy.
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| Types of Life Insurance |
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There are different types of life insurance policies available to choose from. The two basic classes are term life insurance or permanent cash value life insurance. Term life insurance, much like car insurance, is the bread and butter of life insurance. As long as you pay the premium, you are covered for the term or length of the policy. Prices have been steadily decreasing on these types of policies and the choices often come down to price. Interestingly, the most well-known and prestigious life insurance companies often give some of the most competitive rates on term life insurance. These policies can last anywhere from 5-to 20-years. Some of the nation’s top-rated insurance companies now offer twenty-five and thirty year level guaranteed premium policies. The advantage of these longer term policies is that you get longer protection without paying the higher premiums of permanent policies-- such as whole life or universal life. The premium payments are applied 100% to the cost of the insurance. Permanent cash value life insurance is more expensive because it lasts a lifetime-- even up to age 100-- and accumulates cash. Because of this financial windfall, cash value life insurance is also more expensive. You should examine your financial situation and your family needs and decide which of the different types of life insurance policies out there are right for you. |
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All life insurance rates are subjected to change and are valid one week from free quote. |
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