Life Insurance Review

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Contemplating your funeral expenses can be disheartening, but finding the right kind of life insurance doesn’t have to be. Life insurance is one good way to prepare and plan for future expenses should you or a family member pass away unexpectedly. The best life insurance companies like MetLife, State Farm Insurance and ING all have many different types of policies, nearby agents or offices, and affordable premiums. When you compare insurance quotes, keep in mind that this type of investment is a safe, sure way to ensure the financial security of your family. If you want to learn more about life insurance and preparing for retirement, check out some of our latest life-planning articles.

Life Insurance Service: What to Look For

When you compare life insurance policies, look for some of these telltale indicators of a good policy from a good company. Premiums should be affordable, insurance agents should be local and retirement planning resources and accounts should be available as well.

Policy Benefits
There are five common types of life insurance: term, whole, universal, variable universal and survivorship. Among life insurance policies, term life insurance is the most affordable option. Term life covers you until you reach retirement so your family will be protected with a replacement income. Whole life and universal life insurance are permanent life policies which will cover you for the entire length of your life.

Unlike term life, the life insurance rates for whole and universal are much higher because these policies accrue cash value. The main difference between whole and universal life insurance is that the premiums and death benefit premiums do not change in price. Universal policies allow for a flexible premium payment schedule as long as you have enough cash value to cover the cost of the insurance. Variable universal policies are much the same, but the interest you earn on your account fluctuates with the market. One last type of insurance is survivorship, which is a policy for two people instead of one. When either of the policy members passes away, the surviving policy member receives the insurance funds.

Pricing & Premiums
Life insurance quotes can help you budget for life insurance premiums. The best companies and services will provide quotes from their website, through email, by phone and in person. Your rates can change depending on your age, state of health, family history, where you live and your occupation. Generally, a 40 year old male in good health can expect to pay between $18 and $40 per month on a 20-year, $250,000 policy.

Additional Services
Along with your life insurance comparison, don't forget to look at additional services provided by your life insurance company. It's much easier to bundle your retirement planning, homeowners and life insurance all together. Retirement planning, estate planning and annuities all go hand-in-hand, and when you prepare for your future, it's best to have all of the options in front of you. Many insurance companies also provide small business and group insurance as well if you need to ensure the livelihoods for you and your employees.

Help & Support
The top 10 life insurance companies all provide excellent customer support. Your agent or local office should be able to help now with setting up your policy and in the future when your family needs to revisit your policy after your death. Many of the best companies have local offices in both large and small cities. There are also helpful planning tools to look for such as learning center articles, videos and insurance calculators to help you prepare for your family's finances.

Cheap life insurance isn't necessarily the best life insurance. Affordable rates are a good priority, but make sure your family will be properly covered financially above all else. Term life insurance rates should be low enough for you to afford right now but should also provide adequate funds for your family's future expenses.

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Rank #1#2#3#4#5#6#7#8#9#10
10-9  Excellent
8-6    Good
5-4    Average
3-2    Poor
1-0    Bad
MetLife State Farm Insurance ING Prudential American General SBLI New York Life Liberty Mutual Fidelity Investments Genworth Financial
MetLife State Farm Insurance ING Prudential American General SBLI New York Life Liberty Mutual Fidelity Investments Genworth Financial
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Ratings
10.00
9.63
9.57
9.00
8.88
8.82
8.63
8.32
8.20
7.45
10
9
8
7
6
5
4
3
2
1
10.00
10.00
10.00
10.00
9.38
9.38
10.00
10.00
9.38
10.00
9.38
9.38
8.75
8.75
8.75
10.00
9.38
8.13
8.75
9.38
8.13
10.00
7.50
9.38
8.13
8.13
8.75
10.00
7.50
8.13
8.75
9.38
6.25
9.38
7.50
10.00
7.50
8.13
5.00
8.75
 
Policy Benefits
Term Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
 
   
Whole Life Insurance
 
 
Survivorship Life Insurance
     
Online Policy Management
Min. Coverage Amount $10,000 $50,000 $50,000 $100,000 $100,000 $100,000 $50,000 $100,000 $250,000 $50,000
Max. Coverage Amount $5,000,000 $3,000,000 $5,000,000 $3,000,000 $1,000,000 $20,000,000 $2,500,000 $3,000,000 $10,000,000 $800,000
Pricing & Premiums
Quote: 40yr Male (Price/Month)* $30.99 $33.28 $25.37 $33.76 $18.00 $24.53 $31.00 $41.40 $26.78 $18.37
Phone Rate Quote
Email Rate Quote
Online Rate Quote
 
 
Additional Services
Retirement Planning
 
Estate Planning
 
 
Annuities
Managed Accounts
    
 
Long Term Care
 
  
Small Business Insurance
  
  
Group Insurance
 
   
Homeowners Insurance
     
  
Help & Support
Phone Support
Email Support
Learning Center
 
FAQs
Insurance Calculators
 
Local Office or Agent
 
  
 
*March 2014. Prices subject to change. See definition for more information.