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Life Insurance Quotes

Sometimes life can expire at a moment's notice. If the worst should happen, make sure your loved ones are provided for after you die. Here at our site you can shop for quotes from the best life insurance organizations on the market. Our quote selection process allows you to compare rates side-by-side at no cost or obligation to you.

Let InsuranceRate.com help you select a life insurance rate that will leave your family well provided for in a time of tragedy.

Why You Need Life Insurance

Did you know the average cost of a funeral in the United States is now $6500? This number is actually probably on the low side because it does not include things like floral arrangements, the cost of a burial plot, etc. Some experts estimate that the average funeral actually costs closer to $10,000. In 2006, it cost over 95% more to bury someone than it did just eight years before. Clearly, a life insurance policy is necessary if you don’t want to burden your family with these substantial final expenses. Further, if you earn an income, your family would likely be financially devastated in the event of your death if your life is not insured. A life insurance policy can help replace your lost income and provide for your family after you’re gone. Even if you do not contribute an income to your family, you may provide services to them that would be expensive to replace, such as child care, in the event of your death.

The Two Basic Types of Life Insurance

Life insurance policies can be broken down into two categories: permanent and term life. These policies have important differences that you should be aware of before you apply for life insurance quotes. An explanation of each type of policy is included below.

  • Term Life -Term life insurance offers protection for a finite period of time, usually 10, 15, 20, or 30 years. If you die while the policy is in force, your beneficiaries will receive a death benefit. If you are still alive when the policy expires, your coverage ceases unless you renew. Term life is a good option for people who would like to supplement existing coverage because they have recently taken on additional financial obligations. Although term life is a simple way to get a lot of life insurance protection on a small budget, it does come with the trade-off of rising premiums. In other words, your premiums will rise as you age, which could make a term life policy unaffordable in your later years. This type of policy does not have any value once the term expires and cannot offer tax-deferred growth on your premiums.
  • Permanent Life - Permanent life gives you a lifetime of insurance protection. Your premiums never rise, and your policy also usually has the ability to accrue cash value over time. Some permanent life policies allow you to make investments with your policy, which means your policy will have value beyond just the death benefit. In the long run, permanent life is usually the cheaper of the two types of policies because your premiums remain constant. Many people choose permanent life because they use it as an investment vehicle as well as an insurance policy.

Life Insurance Blog Posts:

Getting the right life insurance policy is vital to the comfort and safety of the people you leave behind, which is why it's important to know exactly what your life insurance agent can deliver before you commit to any life insurance quote. We've prepared the following guides to help you select the right life insurance for your unique situation - read the posts below or search to find the information you need!


What You Should Get From a Life Insurance Policy

Posted on May 22nd, 2009 in Life Insurance

If you are wondering why you should buy life insurance, then you probably don’t think you really need it. Find out some of the great reasons to get a policy so you can make an informed decision.

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Who Needs Life Insurance?

Posted on May 6th, 2009 in Life Insurance

Everyone should consider obtaining a life insurance policy sooner rather than later. Whether you are a parent, a single person or a business owner, it is important to take out a life insurance policy in order to help you’re loved ones in the time of transition after you are gone. Get more information here and learn why you need to get today.

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Term Versus Whole Life Insurance

Posted on April 29th, 2009 in Life Insurance

Life insurance is an important coverage option for everyone, especially those of us who have families that depend on us financially. Find out the differences between term and whole life insurance coverage so you can make the best decision and get the coverage that is right for you.

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What You Don’t Know About Life Insurance

Posted on March 16th, 2009 in Life Insurance

For the vast majority of consumers, term life coverage is the best choice. However, 70% of life insurance policies sold in the U.S. are cash-value or whole life policies. We’ll tell you what you need to know about the waste inherent in cash-value life insurance coverage here.

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Refinancing Your Life Insurance Policy

Posted on February 6th, 2009 in Life Insurance

There are many opportunities for you to refinance parts of your life to get a better deal. One of the refinancing opportunities lies with your life insurance policy. Do you know how or when to refinance your life insurance policy in the most effective way possible? It is important that you always pay attention to [...]

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