Life Insurance Quotes: Compare and Save
Life insurance is a contract between you (the policyholder) and the insurance company. You pay monthly payments towards your policy and your beneficiaries receive a tax-free payment, known as a death benefit, if you die while your cover is active.
→ Read more about what life insurance is and how it works
What does life insurance cover?
Life insurance pays for most causes of death. Natural causes, suicides and accidents are covered.
Learn more about what life insurance covers
How much life insurance do I need?
Our experts recommend that you get coverage equivalent to 10 to 15 times your income in order for your family to have long-term financial support.
Find out how much life insurance you need
How do I buy a life insurance policy?
All it takes is a phone interview and a medical exam to get coverage. Some people can even get an insurance policy without a medical exam.
Check out our guide to buying life insurance
How much does life insurance cost?
the age
For example 33
sex
Choose
Postal code
For example 90210
policy length
Advice
20 years
Amount of coverage
Advice
$
500 thousand
Monthly estimates for
Advice
best health
$
-
good health
$
-
average health
$
-
Now compare quotes
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What are the different types of life insurance?
There are many types of life insurance policies, but the most common are term and whole term insurance policies. Most people find life insurance more practical - it's simple, affordable and only lasts as long as you need it. But the best policy for you will depend on your individual circumstances, including your financial obligations, income, health and lifestyle.
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Life insurance
Life insurance is the most affordable type of life insurance policy. In exchange for relatively low rates, your beneficiaries receive a tax-free lump sum upon your death. It lasts for a period of time – usually 10 to 40 years, depending on your policy – and is all most people need.
Read more about term life insurance
Mother and daughter holding hands while smiling at the breakfast table
Life insurance
Whole life insurance lasts you for life, and in addition to death benefit payments, it comes with a cash value that can be used to top up your savings. This type of policy is best for people who have maxed out other investments or have long-term financial obligations.
Read more about whole life insurance
Another type of life insurance you may come across is comprehensive life insurance. Like whole life insurance, comprehensive coverage lasts for life and has the advantage of providing cash value. But you can adjust the premiums or take advantage of a comprehensive life policy, depending on your cash value performance. Unless you are a high income earner and want to maximize your investment, term or whole life is usually a better option than a year.
→ Read more about the different types of life insurance
How much does life insurance cost?
The cost of life insurance depends on many factors, including your age, health and the specifics of your policy, but a 35-year-old can expect to pay between $25 and $30 a month for 20 years, $500,000. Policies. Rates are five to 15 times higher if you buy cash life insurance, such as comprehensive or comprehensive life.
In any case, it's always better to buy sooner than later: depending on your age, you can add 4.5% to 9.2% to your premium every year you wait to buy the insurance policy. We can help you compare life insurance quotes from top-rated companies to find the best policy for you - at the lowest price for you.
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Average life insurance rates by age, August 2022
age / gender
Coverage amount of 250 thousand dollars
Coverage amount of 500 thousand dollars
Covered amount of $1 million
25 years
$14.13
$21.04
$33.42
25 years old male
17.09 USD
26.91 USD
44.67 USD
35 years
16.40 USD
$25.50
42.64 USD
Male 35 years old
18.61 USD
30.26 USD
$51.75
45 years
28.40 USD
47.83 USD
86.70 USD
45 years
35.22 USD
60.71 USD
$112.82
55 years
$60.18
108.98 USD
$208.28
55 years
83.45 USD
$151.16
284.07 d