Life insurance continues to be one of the best purchases that you can ever make for your loved ones. One of the most important things that you should do before you purchase life insurance is to determine how much protection your family will need if something tragic were to happen to you.
A lot of families are surprised to see that they need a million dollars of coverage, and that can be a scary idea. In most cases, applicants are surprised to see how affordable a million-dollar life insurance plan can be. It’s important that you give your family the coverage that they need, and high premiums shouldn’t keep you from getting that life insurance.
When you’re looking to buy life insurance, it can be a confusing process. Where are you supposed to start? How can you find the best plan to meet your life insurance needs? Thanks to the internet, shopping for life insurance coverage has never been easier. There are plenty of places that you can get great life insurance.
Getting Life Insurance Quotes
Every insurance company is different, and all of them are going to have different rates based on their medical underwriting and rating system. If you want to ensure that you’re getting the best rates, you’ll need to compare dozens of plans. Once upon a time, you would have to call dozens and dozens of quotes before you decide which plan would work best for you.
Technology has completely changed how we shop for life insurance. Instead of having to call those agents, you can simply fill out a quote form, like the one featured on our site. With these quote forms, all you have to do is include the state that you live in, your age, how large of a plan you’re buying, the type of plan, and if you’re a tobacco user. All of those factors are going to play a major role in how much you pay for your insurance coverage. After you answer those fundamental questions on the form, you’ll be emailed all of the best life insurance plans that are tailored to your particular situation.
Another way that you can get excellent insurance rates from different companies is to work with an independent insurance broker, like the ones that we have here. Unlike a traditional insurance agent, independent agents work with more than one company. Instead, independent agents work with dozens and dozens of highly rated companies across the nation. Independent brokers can ask you questions about your life insurance needs, what you’re looking for, and your health, and after that they can help you compare all of the best life insurance policies from all of the companies that they work with. Working with one of these agents is going to help save you both time and money on your life insurance coverage.
Getting Lower Insurance Quotes
One reason that people don’t buy life insurance is because they assume that it’s going to be too expensive to fit in their budget, which couldn’t be further from the truth. It’s vital that your family has the insurance protection that they need, and can’t put a price on the peace of mind that having life insurance will bring you. There are several ways that you can trim down your life insurance premiums, which is going to mean more money in your pockets.
The first thing that you should do is cut out any tobacco that you currently use. If you’re a smoker seeking life insurance coverage, you should expect to get much higher premiums for your plan. Smokers are at a great risk for health complications, which makes you a higher risk to the insurance company. They are going to offset that risk by charging you higher premiums. In fact, smokers are going to pay at least twice as much for their coverage versus what a non-smoker would pay for the same plan. Kicking those cigarettes can save you thousands of dollars every year.
Another way that you can save money is by improving your health. Before the insurance company approves your application, they are going to require that you take a medical exam, and the results of those tests are going to play a significant role in how much you pay every month. If you want to get lower rates, it’s time to get in better shape.
There are two easy ways that you can do that. Cutting out the junk food for healthier options, and hitting the gym for some regular exercise. Both of these will help you lose weight, lower your cholesterol, lower your blood pressure, reduce stress, and reduce your risk of being diagnosed with other health complications. All of those benefits are going to translate into serious savings on your life insurance. If you want to get lower premiums, it’s time to lace up those running shoes and hit the treadmill.
Which Type of Plan is Right for You?
Another important decision that you’ll face is deciding which type of policy is going to meet your needs. Aside from deciding how much life insurance you’ll buy, the kind of plan is the next most important choice. There are several different types of plans, but they essentially break down into two main groups, term insurance, and whole life insurance. Each kind has its advantages and disadvantages that you’ll need to consider to ensure that you’re getting the best coverage for your loved ones.
The most attractive option for life insurance is a term policy. These plans are bought with a pre-determined expiration date attached to them, somewhere between 5 and 30 years in the future. After that point, the plan is no longer active, and you’ll have to reapply for coverage if you want to have life insurance protection. Because these plans are temporary, they are going to be the most affordable option for coverage.
The other primary option is a whole life insurance policy. These plans are a permanent form of coverage, which means that they will never expire. As long as you continue to pay the monthly premiums for the plan, you’ll have life insurance. If you don’t want to worry about having to reapply in the future, then whole life plans are a great option for you. Because they won’t expire, whole life policies are going to be drastically more expensive than a term insurance policy. They also have the unique advantage of building cash value inside of the plan. The longer that you have the plan, the more value that is inside of the policy. You can use that value to pay the premiums for your coverage to secure a loan if you need money in the future.
As you can see, these plans are both very distinct. Each of them has advantages, but they are both great options for getting the protection that your family will need if something were to happen to you.
Getting Insurance Quotes – What You Need to Know
Getting life insurance can be a scary and overwhelming process, but it doesn’t have to be. Finding the best insurance quotes for you can be as simple as filling out the quote form on the side. Answer those few questions, and then you can have all of the best available options sent directly to you. No hassle. No fuss.
You never know what life is going to throw at you tomorrow, which means that you shouldn’t wait any longer to get the life insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance, your loved ones would be responsible for all of your debts and final expenses, which is one of the worst things that could happen. Losing a loved one is never easy, but being stranded on a mountain of debt is going to make the situation a million times worse. Life insurance will ensure that your family has the money that they need to pay off those bills without struggle financially.
If you have any questions about getting affordable coverage or how to receive quotes, please contact one of our experienced independent brokers today. We would be happy to answer those questions and connect you with the best plan to meet your needs. It’s our mission to ensure that we’ve found you the best policy at the lowest rate.