Your life insurance policy options can be grouped into three main types. We offer instant quotes for these policy types through our Instant Life Insurance Quotes Portal.
Term Life Insurance
The most popular type of policy is, surpisingly, Term Life Insurance. Rates are usually guaranteed for a certain period of years (I.e., for a term). People usually purchase term insurance as a way of obtaining cheap life insurance coverage for their families in case they pass away unexpectedly.
Whole Life Insurance
Whole Life Insurance provides coverage for your entire life. This form of life insurance generally has a guaranteed premium for life that does not increase as you age. Whole life insurance is desirable for those who wish to carry life insurance to the end of a long life - usually for estate planning or tax purposes. Whole life insurance is more expensive than term life insurance, but, unlike term life insurance, it builds cash value through dividends and interest.
Universal Life Insurance
A third option, Universal Life Insurance, is a hybrid of term life insurance and whole life insurance. Typically, premiums stay level and dividends or interest is earned on the cash value in the policy. This type of life insurance policy is usually suited for someone who wants a level premium for life but is willing to give up certain guarantees to achieve a lower insurance cost.
