Best companies to go for life insurance.
Most of us like to think we will always remain young and invincible. We never think of growing old and how things will be or look like if we grow old, Unfortunately, nobody can predict the future and if your family will struggle financially if you can’t be there for them it will be a severe regret.
Having one of the best term life insurance policies can give your family the peace of mind you’re seeking and also put all your plans into the right path for achievement.
For many adults, term life insurance is the only way they can afford life insurance in 2019. While these policies only last between 10 and 30 years and don’t earn cash value, the monthly premiums for whole life can easily be ten times higher which is also considerable.
For example, your monthly term life premium can be $15 and a similar whole life policy can be $300.
Top Term Life Insurance Companies
Is life insurance important? The real answer is yes. If it wasn’t, your bank wouldn’t send you a life insurance advertisement in the bank at least once a month. Instead of getting a policy from the first life insurance company you come across, perform your due diligence. You want to make sure you get the most coverage at the lowest possible cost.
And mind you getting your self and your family life covered by insurance is one of the biggest achievement you have made, think about it you can be represented financially when you are no more, your dream and plans for your family life doesn’t die as your money from the insurance company will be used to get all of the achieved or accomplished.
Some companies even offer life insurance without a medical exam. If you don’t want blood drawn or spending time going to the doctor, these companies can be an automatic shoe-in. Even if you don’t need a medical exam, you will still need to answer the multiple health-related questions during your underwriting interview and may need an exam if you have a special health condition. But that’s not a big deal, all the experiences you may had in the course of it is a minor one regarding to the benefit and high profit gained from the insurance company.
Notwithstanding let’s roll it to the insurance companies were you can involve your self for more comfortability and plans actualization.
10 best term life insurance companies.
Bestow is on a mission to make term life insurance simpler and more human.
They make it easy to apply for life insurance in minutes. All you have to do is apply online, enter some of your personal information, and you’ll get a response right away. This makes it easy to apply even if you have a busy schedule.
You don’t have to make a doctor’s appointment in order to apply. Instead, Bestow calculates risk using the data you enter when you apply for coverage.
They offer plans as short as 2 years, or they have longer term policies for 10 or 20 year terms. Policy amounts can go up to $1 million worth of coverage for the long term policies.
Policies through Bestow start at as low as $3 per month!
2. Haven Life
With Haven Life, some applicants up to age 59 won’t even need a medical exam. Haven Life is also backed by MassMutual, a 160-year-old insurer.
You can get an instant quote through Haven Life’s InstantTerm feature for an immediate decision once you answer a few personal health questions.
Coverage amounts vary between $100,000 and $3 million and this makes Haven Life a better option if you need a high coverage amount. Once your current term expires, you can automatically renew your policy without additional underwriting, but you’ll pay the current rates based on your age at the time of renewal.
A unique Haven Life feature is their accelerated death benefit. If you or another Haven Life policyholder are diagnosed with a terminal illness, you can qualify for early withdrawals to help cover expensive medical bills.
Another reason to consider Haven Life is that they have additional benefits. For instance, one of their additional benefits for customers is that they get a 15% discount on any single service from CVS Minute Clinic.
Ethos provides term life insurance in 49 states in 10 to 30-year terms up to $10 million in coverage. In fact, Ethos is one of the few companies that make the word “No” actually sound appealing because they cut through the red tape:
No medical exam required in most cases
No pushy salespeople or upselling
Applications only take 10 minutes to complete and claims are paid within two weeks.
Even though Ethos is a relatively young company, they are underwritten by several legendary insurance giants. For example, two of their insurance partners are Assurity and Munich RE which have been in business for 127 and 137 years, respectively.
Very few businesses can say they have been around for an entire century!
Although the entire application process takes 10 minutes, you can get a quote in a few seconds. Ethos offers term life insurance to the following applicants:
Between 18 and 75 years old
U.S. citizen or green card holder
Lived within the United States for at least 24 months
During the application process, Ethos considers your physical and financial health to help determine your monthly quote.
4. Health IQ
Health IQ is a new approach to life insurance. Their goal is to offer lower cost life insurance to those who are healthy.
Why not be rewarded for making healthy choices, right?
They claim you can save up to 33% if you qualify with your high health literacy and have a healthy lifestyle.
Trustpilot score: 9.7/10
AIG is one of the largest insurance companies you’ll come across. While most life insurance companies offer a maximum 30-year term, you can get a 35-year term with AIG.
Your premiums will be higher but you might be able to save money long term because you pay the same monthly amount when you’re 54 as when you were 20.
You will need to get a medical exam with AIG, but your policy is backed by a company that has been around for nearly a century and has a presence in over 80 countries.
Bonus: AIG has a “Select-a-Term” policy where you choose any term between 10 and 35 years. This means you can tailor your policy’s term to your exact needs.
Ladder Life Insurance makes it super easy to get life insurance: You can apply in just five minutes and get an instant decision.
And this company understands that insurance needs change over time. That’s why they make it easy to “ladder” up (or down) with your coverage if need be.
They’ve got several different policy options for life insurance. In addition, they’ve got a coverage calculator tool that uses your current situation to help you determine how much insurance you should have.
7. JRC Insurance Group
JRC Insurance makes comparing life insurance quotes easy. Their fee-free, online tool helps you compare 50 top-rate companies, plus their agents can help you narrow down choices even further based on your specific needs.
Plus, if you have health issues, the tool will anonymously compare your health profile to each company’s guidelines to see which ones you may still qualify for.
Policies can have a 10, 15, 20, 25, or 30-year term. There are also permanent policies available.
How many life insurance companies also offer will planning?
Fabric is one company providing both. You can write your will for free. As your family grows, you can make unlimited changes.
Your term life insurance terms can be 10, 15 or 20 years. Up to $1,000,000 in no-exam coverage is available. You can receive approval within one minute.
Life insurance isn’t available in Montana. New York and California residents must first purchase accidental death insurance through Fabric.
Fabric has an A+ Better Business Bureau rating and 9.5 out of 10 TrustPilot rating.
9. John Hancock
John Hancock is a prestigious name in the insurance and investment world. Their Vitality Plus Program can shave up to 15% off your annual premium when you pursue healthy behaviors. So it really does pay to workout.
Some of the perks include:
Up to $600 discount on healthy food
Earn an Apple Watch with an initial payment of $25 or a free FitBit device
Discounts at retail and travel partners
It’s possible to qualify for up to $1 million coverage without a medical exam! You can get an instant quote in one minute, so it’s worth checking out John Hancock if you’re active and want to earn healthy rewards.
Smokers and tobacco users are virtually guaranteed to have higher premiums than their non-smoker peers. If you use chewing tobacco, Prudential is one of the best life insurance companies for tobacco users.
You might also prefer using Prudential because they are a household name that might even provide your workplace benefits. In the past year, Prudential has earned the top position in the insurance category with Fortune and Forbes magazine for being one of the best companies in the world!
With these accolades, it comes as no surprise that Prudential is the second-largest life insurer in the United States.
Read also HOW TO MANAGE MONEY.
Tip: Even if you’re a current tobacco user, being tobacco-free for 12 months can help you qualify for a lower rate on life insurance. For additional health incentives, you might also consider using HealthyWage to lose weight and improve your vital readings. Having stellar medical exam results means you’ll qualify for the lowest monthly premiums and this won’t be too much for you as it will do a lot in making many changes in your life and also your family life.
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