Compare Life Insurance Quotes Instantly Online
Get affordable term insurance quotes without giving up your email or phone number to shop.
500,000 Families Quoted Since January 2017
Compare Life Insurance Quotes Instantly
Get affordable term insurance quotes without giving up your email or phone number to shop.
500,000 Families Quoted Since January 2017
What Is Life Insurance?
"in Plain English”
Term life insurance is life insurance that covers you for a specified term length. At the end of that term, you can either renew the coverage with a rate increase, let the coverage lapse, or get coverage elsewhere.
If you pass away while the policy is still in-force the money from your life insurance policy can be used to pay expenses like a mortgage, utility and grocery bills, children's college costs, final funeral arrangements, and more.
GET YOUR INSTANT QUOTES
No personal info needed!
What Is Life Insurance?
"in Plain English”
Term life insurance is life insurance that covers you for a specified term length. At the end of that term, you can either renew the coverage with a rate increase, let the coverage lapse, or get coverage elsewhere.
If you pass away while the policy is still in-force the money from your life insurance policy can be used to pay expenses like a mortgage, utility and grocery bills, children's college costs, final funeral arrangements, and more.
GET YOUR INSTANT QUOTES
No personal info needed!
How Does Life Insurance Work?
Pick Your Options
Your first step is to determine how long you want the policy to last (term length) and how much coverage or (death benefit) you will need. Term options are 5, 10, 15, 20, & 30 years.
Make Payments
Once the policy is in-force you will make monthly (level) payments for the life of the policy. You can also choose between the 1st through the 28th for your payment date.
File A Claim
If you pass away while your policy is still in-force. The death benefit will payout to your beneficiaries once they have filed a claim on your behalf.
Types Of Life Insurance
"in Plain English”
You may have only heard about term life & whole life insurance but there are several different types of life insurance. Below we review a few of them but you can also check out our detailed review to the right.
Learn about the types of life insurance
Term Life | Whole Life | Return Of Premium Term Life | Universal Life | |
|---|---|---|---|---|
Duration | 1 - 45 Years | Your Entire Life | 20 - 30 Years | Your Entire Life |
Guaranteed Death Benefit | Yes | Yes | Yes | Yes |
Guaranteed Cash Value | No | Yes | No | Cash value can be depleted |
Monthly Premiums | Premiums can go up or be guaranteed level. | Premiums are guaranteed level. | Premiums can go up or be guaranteed level. | Premiums are usually determined by the customers. |
Policy Notes | Policy cancels or has to be renewed at the end of the level term. | Policy pays out at the end of the term along with any additional cash value. | Policy returns all the premiums paid into the policy at the end of the term. | Policy growth is based on market index rates. |
How Does Life Insurance Work?
Pick Your Options
Your first step is to determine how long you want the policy to last (term length) and how much coverage or (death benefit) you will need. Term options are 5, 10, 15, 20, & 30 years.
Make Payments
Once the policy is in-force you will make monthly (level) payments for the life of the policy. You can also choose between the 1st through the 28th for your payment date.
File A Claim
If you pass away while your policy is still in-force. The death benefit will payout to your beneficiaries once they have filed a claim on your behalf.
Types Of Life Insurance
"in Plain English”
You may have only heard about term life & whole life insurance but there are several different types of life insurance. Below we review a few of them but you can also check out our detailed review to the right.
Learn about the types of life insurance
Term Life | Whole Life | Return Of Premium Term Life | Universal Life | |
|---|---|---|---|---|
Duration | 1 - 45 Years | Your Entire Life | 20 - 30 Years | Your Entire Life |
Guaranteed Death Benefit | Yes | Yes | Yes | Yes |
Guaranteed Cash Value | No | Yes | No | Cash value can be depleted |
Monthly Premiums | Premiums can go up or be guaranteed level. | Premiums are guaranteed level. | Premiums can go up or be guaranteed level. | Premiums are usually determined by the customers. |
Policy Notes | Policy cancels or has to be renewed at the end of the level term. | Policy pays out at the end of the term along with any additional cash value. | Policy returns all the premiums paid into the policy at the end of the term. | Policy growth is based on market index rates. |
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
How Much Does Life Insurance Cost?
Hint: 80% Less Than You Think
The biggest myth about life insurance cost is that it's too expensive. A recent study from LIMRA found that 63% of people said they wouldn't get life insurance coverage because of its cost. However, the same study found that life insurance policy quotes are 80% LESS than what people thought they were.
So, what factors determine the cost of your life insurance policy?
Tobacco Use
Tabacco use is probably the one item on the list that will give you the largest increase in your premiums. Upwards to 60% or more per month..
Age
Your age will also determine what your premiums will be. The younger you are when you purchase life insurance the more affordable it will be.
Gender
All things being the same, if you are male, your premiums will be higher than women. This is because women typically live longer than men.
Lifestyle
Insurance companies need to be sure that you don't take too many risks and that if you do, you probably will pay more per month. Things like race car driving or skydiving.
Term Length
The term length of your insurance policy will also play a role in how much you pay per month. The lower the term length, the lower your premiums.
Health
Your health is the one factor that makes everyone's premiums different. If you have several health conditions you can expect a higher premium than usual.
Sample Term Life Insurance Rates
Sample Rates For Men | ||||
|---|---|---|---|---|
Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
20 Years Old | $10.00 | $15.00 | $25.00 | $47.00 |
30 Years Old | $10.00 | $16.00 | $26.00 | $49.00 |
40 Years Old | $14.00 | $24.00 | $43.00 | $82.00 |
44 Years Old | $17.00 | $32.00 | $60.00 | $118.00 |
Sample Rates For Women | ||||
|---|---|---|---|---|
Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
20 Years Old | $8.00 | $11.00 | $18.00 | $32.00 |
30 Years Old | $9.00 | $13.00 | $20.00 | $38.00 |
40 Years Old | $12.00 | $20.00 | $34.00 | $64.00 |
44 Years Old | $15.00 | $26.00 | $47.00 | $90.00 |
How Much Does Life Insurance Cost?
Hint: 80% Less Than You Think
The biggest myth about life insurance cost is that it's too expensive. A recent study from LIMRA found that 63% of people said they wouldn't get life insurance coverage because of its cost. However, the same study found that life insurance policy quotes are 80% LESS than what people thought they were.
So, what factors determine the cost of your life insurance policy?
Tobacco Use
Tabacco use is probably the one item on the list that will give you the largest increase in your premiums. Upwards to 60% or more per month..
Age
Your age will also determine what your premiums will be. The younger you are when you purchase life insurance the more affordable it will be.
Gender
All things being the same, if you are male, your premiums will be higher than women. This is because women typically live longer than men.
Lifestyle
Insurance companies need to be sure that you don't take too many risks and that if you do, you probably will pay more per month. Things like race car driving or skydiving.
Term Length
The term length of your insurance policy will also play a role in how much you pay per month. The lower the term length, the lower your premiums.
Health
Your health is the one factor that makes everyone's premiums different. If you have several health conditions you can expect a higher premium than usual.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
How Much Life Insurance Do I Need?
At Least 10X Your Income
You want to have at least ten times your annual income to make sure you leave enough coverage for your family.
Go For The Max
When you are looking at any quotes for term life, you can always start off with the lowest term length for the maximum amount of coverage.
Use Our Calculator
We created a nifty life insurance calculator that you can use to better understand exactly how much you need.
Quick Breakdown
"in Plain English”
So if you make $50,000 / year, a policy for $500,000 would be our suggestion. Just remember to buy life insurance that you can afford.
How Much Life Insurance Do I Need?
At Least 10X Your Income
You want to have at least ten times your annual income to make sure you leave enough coverage for your family.
Go For The Max
When you are looking at any quotes for term life, you can always start off with the lowest term length for the maximum amount of coverage.
Use Our Calculator
We created a nifty life insurance calculator that you can use to better understand exactly how much you need.
Quick Breakdown
"in Plain English”
So if you make $50,000 / year, a policy for $500,000 would be our suggestion. Just remember to buy life insurance that you can afford.
Who Needs Life Insurance?
Anyone Depending On Your Income
Someone has an insurable interest when they depend on your income for survival. Anyone who depends on you should be covered by your life policy.
Homeowners
If you own a home then you absolutely need life insurance. It's one of the best ways to protect your family if you were to pass away.
Business Owners
As a business owner, protecting your company is important especially if it requires key people to keep it functioning and getting life insurance for that purpose is crucial.
The Breadwinner
Being the breadwinner means that your income is essential for your family to maintain their current lifestyle. If your income goes away it could leave your family financially ruined. You need life insurance now.
Divorced Parents
During a divorce, the judge can decree that life insurance be taken out on the parent that is required to pay child support, in the amount of how much it would take to pay your support until the child is 18.
At Home Spouse
Being an at-home spouse doesn't mean you should go without life insurance. You need to have at lest 50% of what your working spouse has in life insurance coverage.
Anyone With Debt
This is especially true if you are a co-borrower with someone. They could be in a position where they have to pay the loan off on their own and if they can't do that, they will be responsible.
Students
It sounds a bit morbid, but if you take out a student loan with or for your child and they pass away, you will still be required to pay that loan back. Life insurance is some protection against that.
Who Needs Life Insurance?
Anyone Depending On Your Income
Someone has an insurable interest when they depend on your income for survival. Anyone who depends on you should be covered by your life policy.
Homeowners
If you own a home then you absolutely need life insurance. It's one of the best ways to protect your family if you were to pass away.
Business Owners
As a business owner, protecting your company is important especially if it requires key people to keep it functioning and getting life insurance for that purpose is crucial.
The Breadwinner
Being the breadwinner means that your income is essential for your family to maintain their current lifestyle. If your income goes away it could leave your family financially ruined. You need life insurance now.
Divorced Parents
During a divorce, the judge can decree that life insurance be taken out on the parent that is required to pay child support, in the amount of how much it would take to pay your support until the child is 18.
At Home Spouse
Being an at-home spouse doesn't mean you should go without life insurance. You need to have at lest 50% of what your working spouse has in life insurance coverage.
Anyone With Debt
This is especially true if you are a co-borrower with someone. They could be in a position where they have to pay the loan off on their own and if they can't do that, they will be responsible.
Students
It sounds a bit morbid, but if you take out a student loan with or for your child and they pass away, you will still be required to pay that loan back. Life insurance is some protection against that.
The Makeup Of A Life Insurance Policy
Monthly Premiums
The premiums are essentially how much you will pay per month to keep your life insurance policy in-force.
The Insured
The insured is the person the life insurance policy has been taken out on. Usually the person that is looking for the coverage.
Death Benefit
The death benefit is the dollar amount your policy will pay out to your beneficiary if you were to pass away.
Beneficiary
The beneficiary is the person who the funds will go to upon your passing away. There is both a primary beneficiary and a secondary beneficiary.
The Payor
The Payor is the person who is responsible for making the monthly premium payments. You don't have to be an owner, a beneficiary, or the insured to make payments.
The Owner
The owners is the person who actually owns the policy and is the only one who can cancel the policy or make any changes to it like a beneficiary change.
Insurance Riders
"in Plain English”
Every insurance policy comes with optional riders that give the policy additional benefits such as the child term rider or the living benefits riders.
Learn about the different life insurance Riders
Even though they are the most affordable type of insurance product on the market, they will eventually end. That's why with these products you either have to end them or have to renew them when the term is up. So, it's probably best to purchase a term policy early on, for maximum savings.
Like with any type of insurance, the younger you are when you purchase it the lower the monthly premiums will be. And you might even want to consider a no medical exam term life insurance policy because you can get approved much faster.
The Makeup Of A Life Insurance Policy
Monthly Premiums
The premiums are essentially how much you will pay per month to keep your life insurance policy in-force.
The Insured
The insured is the person the life insurance policy has been taken out on. Usually the person that is looking for the coverage.
Death Benefit
The death benefit is the dollar amount your policy will pay out to your beneficiary if you were to pass away.
Beneficiary
The beneficiary is the person who the funds will go to upon your passing away. There is both a primary beneficiary and a secondary beneficiary.
The Payor
The Payor is the person who is responsible for making the monthly premium payments. You don't have to be an owner, a beneficiary, or the insured to make payments.
The Owner
The owners is the person who actually owns the policy and is the only one who can cancel the policy or make any changes to it like a beneficiary change.
Insurance Riders
"in Plain English”
Every insurance policy comes with optional riders that give the policy additional benefits such as the child term rider or the living benefits riders.
Learn about the different life insurance Riders
Even though they are the most affordable type of insurance product on the market, they will eventually end.
That's why with these products you either have to end them or have to renew them when the term is up. So, it's probably best to purchase a term policy early on, for maximum savings.
Like with any type of insurance, the younger you are when you purchase it the lower the monthly premiums will be.
And you might even want to consider a no medical exam term life insurance policy because you can get approved much faster.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. However, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
How To Buy Life Insurance Online
Get A Few Quotes
Don't be shy, use our quote engine today to get instant quotes for life insurance without having to speak with an agent or give any personal information.
Apply For A Policy
Once you have viewed the quotes you can apply online for coverage. The application process is fast and can usually be completed in real time and in one sitting.
You're Covered
By the end of your application you will usually have an approval, at that point all you need to do is pay for your policy and a copy of it will be emailed to you.
Approved In Minutes
"in Plain English”
We are seeing customers get approved with no exam coverage in up to 5 minutes or up to 2 weeks if you need an exam.
Get A No Exam Life Insurance Quote
How To Buy Life Insurance Online
Get A Few Quotes
Don't be shy, use our quote engine today to get instant quotes for life insurance without having to speak with an agent or give any personal information.
Apply For A Policy
Once you have viewed the quotes you can apply online for coverage. The application process is fast and can usually be completed in real time and in one sitting.
You're Covered
By the end of your application you will usually have an approval, at that point all you need to do is pay for your policy and a copy of it will be emailed to you.
Approved In Minutes
"in Plain English”
We are seeing customers get approved with no exam coverage in up to 5 minutes or up to 2 weeks if you need an exam.
Get A No Exam Life Insurance Quote
Life Insurance Company Reviews
5.0
Read Our Bestow Life Insurance Review
4.8
Read Our Haven Life Insurance Review
4.7
Read Our Fabric Life Insurance Review
4.3
Read Our Ladder Life Insurance Review
4.7
Read Our AIG Life Insurance Review
4.5
Read Our SBLI Life Insurance Review
Top 10 Companies
"in Plain English”
We put together a post that goes over the top 10 life insurance companies in much more detail.
Check out the top 10 life insurance companies
Life Insurance Company Reviews
8.5
Read Our Bestow Life Insurance Review
8.5
Read Our Haven Life Insurance Review
8.5
Read Our Fabric Life Insurance Review
8.5
Read Our Ladder Life Insurance Review
8.5
Read Our AIG Life Insurance Review
8.5
Read Our SBLI Life Insurance Review
Top 10 Companies
"in Plain English”
We put together a post that goes over the top 10 life insurance companies in much more detail.
The top 10 life insurance companies
WE'RE KIND OF A BIG DEAL
We Have Been Seen On
WE'RE KIND OF A BIG DEAL
We Have Been Seen On
