The following life insurance companies are currently included in our price
comparison tool: Zurich Kemper Life Insurance Company, First Penn Pacific life insurance
company, Great American life insurance company, North American life insurance company,
Conseco Life Insurance Company, Southland Life Insurance Company, First Penn-Pacific Life
Insurance Company, Lincoln National Life Insurance Company, US National Life insurance
company, Fidelity Life Insurance Company, Federal Kemper Life Insurance Company. We employ
Internet Pipeline to manage a database of over 175 life insurance companies to provide
quotes in terms of lowest term life insurance rates of those companies represented in our
specific profile..
Term life insurance rates have been decreasing for the last several years.
Electronically provided term life insurance information from various Web sites allow life
insurance to be sold more economically. Life insurance, and specifically, term insurance,
provide great value to consumers.
About Life Insurance
Paying for life insurance is painful, but
few can do without it. The key is to buy life insurance only for losses, such as your
income, that you or your family can not replace. Avoid narrowly defined life insurance
policies that only cover specific loss of life, such as accidents, plane crashes or
cancer. You're better off with insurance for any loss of life for a small increase in
premium.
Don't skimp on life insurance. But remember
that people with no dependents may not need life insurance at all. To estimate the amount
of a life insurance policy, estimate your dependent's living expenses if your income is no
longer available. Most life insurance consultants estimate five to ten times your annual
income. Use our
calculator for a quick estimate, or consult with your financial advisor.
Term Versus Whole Life Insurance
Term insurance or temporary
insurance covers the insured against death for a limited time or "term". The
term might be until children are grown, college is paid, retirement, etc. You pay for the
coverage period and at the end of the term the or policy, expires. If no claims are made
during the term, you do not receive benefits after the policy expires, just like auto or
homeowners insurance.
Whole Life insurance or permanent
insurance does not expire if you continue to pay the premiums. It provides coverage
similar to term insurance, but it also provides works as an investment. A portion of the
premium goes toward insuring your life while the other is placed in an investment account.
This investment account can be either an interest bearing account or a stocks and bonds
investment account.
Young families with large financial
obligations are usually wise to buy term life insurance. The lower premiums enable them to
purchase sufficient coverage to protect against loss of income. Additional investment
funds can be placed in other vehicles (mutual funds, money market accounts, etc.) that are
likely to generate returns similar to or better than life insurance contracts. Cash value
insurance is sometimes purchased by people for tax and estate planning purposes. You
should consult with your financial advisor.
