Since 1989, netQuote has connected visitors with the largest network of national and local life insurance agents from the nation’s top companies. Just let us know about your life insurance needs, and we’ll provide you with multiple quotes on the term, universal, or whole life policy that’s right for you.
Are you getting married, or do you have an addition to the family on the way? Make sure you take care of those who depend on you financially with life insurance – it takes just a few minutes to learn what you need. Check out our research and articles to help you understand life insurance. For those who already understand it, netQuote provides more information on how to save on life insurance and how to shop for policies.
Do you go with a term life insurance policy or a whole life, how much coverage do you need? Let netQuote help you choose your life insurance. When it comes to a life insurance policy, you could just start getting quotes, but if you don’t understand what they mean, there’s a very good chance you won’t get the coverage that you need and you’ll end up paying more than you need to. The best way to save money and get the appropriate coverage for you and your family is to understand everything about the different types of life insurance policies available.
The answer to that question depends largely on you and your personal situation. A term policy is probably the most straight-forward and the easiest to understand. This policy is usually for a specific amount and lasts for a specified period of time (up to 30 years), and you pay a monthly premium. While term policies are often less expensive, once the term is over, it can be quite expensive to get a new policy.
Whole policies vary quite a bit, but at their most basic, they are made to cover you for your entire life. A whole policy provides more flexibility in that you usually have more freedom to change the overall death benefit, and this type of life insurance policy can accumulate a cash value. Sometimes that cash value can be borrowed against or used to cover the cost of your premiums. There are also policies that allow you to invest the money you put into the policy in the stock market.
This also depends on you, your family situation, and how much you want to pay for a policy. Many factors figure into the total death benefit that you would like to have. You have to consider how many people depend on you financially: whether you have one child or three can affect how large you need that benefit to be. It also depends on the state of your finances. If you were no longer around, would your kids have enough money to get them through college? Would your family be able to make mortgage payments on your house? If you simply don’t know how much you need, it’s always a good idea to sit down with a professional to determine the right amount of life insurance.
There are a couple different ways you can save on a life insurance policy. First of all, with any type of insurance, it’s always a good idea to ask what discounts might be available. If you buy all of your insurance policies at one company, that company will often give you a deal. Another good rule of thumb is to buy a policy when you are young and healthy, because premiums only get higher the older you get or if you experience any health problems. If it fits your needs, a term policy is usually cheaper than a whole life insurance policy. Also, check with your employer. Many companies offer it as a benefit at more affordable rates. And, of course, remember to get multiple quotes. Comparing quotes is a great way to see how much coverage you can get for your money and gives you the means to negotiate your rates for your life insurance.
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