Take a look at which life insurance policy is right for you and your needs.
Get everything you need to know about life insuranceHere are some pointers to help you decide which policy is right for youFind out the answers to common questions

A life insurance policy is essential to the financial security of your loved ones. Find out how to apply for free quotes on policies here.

No matter what needs you may have a life insurance policy can protect you.

Which Policy is Right for You

You will have your choice of many different policies when you apply for price estimates. Here are some pointers to guide your decision.

Term

The first major type of life insurance policy for which we offer price estimates is term life. This is for those who have a temporary need for protection. It provides protection for a limited amount of time, usually 10, 20, or 30 years. If you die while your policy is in effect, then your beneficiaries will be paid a death benefit. If, on the other hand, you are still alive when your policy expires, your coverage will cease unless you choose to renew the policy. Usually, these policies offer the cheapest premiums available. However, this type of plan can quickly become unaffordable as you age because premiums will increase over time. Here are some things to consider before applying:

  • This is the most affordable type of plan in the short-term
  • You can get considerable coverage on a tight budget
  • This type of plan is ideal for supplementing existing coverage
  • It has no further value once the period expires
  • Premiums will increase as you age and may become unaffordable

Permanent

The second type of product on which we offer price estimates is permanent coverage. It offers a lifetime of protection with premiums that never increase. Additionally, these policies have the ability to build cash value over time on a tax-deferred basis. You can even withdraw from or borrow against this to cover major expenses. If you die, your beneficiaries will not only receive the death benefit, but also the accumulated cash value of the plan. In the short-term, you will see that these premiums are more expensive than term offerings. Here are some things to consider before applying for permanent coverage:

  • Enjoy a lifetime of protection
  • Premiums never increase
  • Initially more expensive than temporary options
  • Builds cash value over time on a tax-deferred basis
  • Withdraw from or borrow against the policy at any time

If you have any questions, please visit our FAQ page.

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