Life Insurance Reviews

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E FINANCIAL

E Financial offers a free, quick and easy way to save up to 75% off traditional life insurance rates by comparing multiple quotes side by side. Simply enter in your personal information, answer three simple medical questions, and E Financial delivers quotes from at least four highly reputable life insurance companies.

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HAVEN LIFE

Backed by Mass Mutual, an insurance company with a history spanning more than 150 years, Haven Life offers direct coverage to consumers - no referrals to other insurance agents or companies unless you choose them. Although there are some limitations, such as only being able to purchase term policies of at least $100,000 and not being available to California residents, Haven Life makes it simple and affordable to get life insurance coverage.

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US INSURANCE ONLINE

US Insurance Online is not an insurance company but essentially sends your information and basic life insurance details to a list of eight insurance companies. We wanted the process to be more discerning and to have more control over who was going to call, text, or email us.

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INSURE ME

Insure Me is an easy site to navigate and offers the chance to get life insurance quotes from multiple companies. Rather than giving you the chance to review the quote information online, however, you are instead contacted personally by the agents representing these companies.

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INSURE LANE

Insure Lane is really a "lead" site for insurance agents. While a bit misleading, the site is easy to navigate and delivers on its promise to get you in contact to receive competitive quotes.

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NET QUOTE

Net Quote is a quote referral site for insurance agents. The quotes you will receive are free and they are available in all 50 states, however you will not be able to view any quotes online. Net Quote does give you some helpful information in order to be prepared when an agent calls you.

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QUOTE WHIZ

Quote Whiz advertises their service as an easy way to compare life insurance rates in one convenient location. After entering a host of personal information we felt duped. They didn't provide any insurance quotes but did offer to call us to talk with a pushy salesman. Quote Whiz was a waste of our time.

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Life Insurance

Granted, life insurance is not one of the most exciting products you can buy. That may be why millions of Americans are uninsured or underinsured, and don't even know it.

Which is unfortunate, because life insurance premiums have dropped by 50% over the last 10 years. In fact, life insurance is more affordable now than at any other time in history. If you're somewhat healthy, you can buy a lot of life insurance without spending a lot of money. That's partly because people are living longer; those savings are passed back to you in the form of lower life insurance payments.

The most inexpensive form of life insurance, and the kind that generally gives you the most value for your dollar, is term life insurance. With this type of policy, you pay a premium each month for a certain number of years (usually 15, 20, or 30). If you live beyond that term, your coverage is ended (although you may extend under certain circumstances).

If you don't live past that term, your beneficiaries receive the face amount of the life insurance policy.

How much life insurance do you need As a rule of thumb, experts say you should have between 7 to 10 times the amount of your annual salary. And you shouldn't rely on your employer's life insurance benefits only; typically their value is much less than what you need, and is not portable should you change jobs.

There are a variety of factors to consider when looking for a life insurance policy. Some of these include:

  • Cost. Life insurance rates are very competitive. You don't want to overpay for the coverage you need.
  • Insurer. You want to be sure that you're buying life insurance from a quality company that will be around for the next 30 years.
  • Convenience. How complicated is the process to apply for a life insurance policy Do they offer a variety of payment options Do they give you multiple ways to contact them

TopConsumerReviews.com has reviewed and ranked the best Life Insurance programs available today. We hope this information helps you find the right life insurance policy that meets your needs!



Life Insurance In The News

Life Insurance Planning After Tax Reform

The Tax Cuts and Jobs Act (P.L. 115-97) was signed into law by President Trump on December 22, 2017. The Act brings direct changes to the tax treatment of insurance and significant indirect changes to planning with life insurance. These changes present new ...

Published:  Thu, 18 Jan 2018 11:33:00 GMT



Life Insurance to Gen Xers' Rescue

Overall, most parents in or near retirement want their children to have it better than they did, but times have changed. We have transitioned from a society of savers to one of debtors. This means that many members of my age group, Generation X (ages 39 to ...

Published:  Thu, 18 Jan 2018 08:46:00 GMT



High-End Wealth Managers Are Embracing Private Placement Life Insurance (PPLI)

Wealth management is the optimal business model for most financial advisors. Not only do the advisors meaningfully economically benefit, but also affluent clients come put significantly ahead. It is a win-win for all involved. "The complication is that ...

Published:  Thu, 18 Jan 2018 07:23:00 GMT



Taking An Ancestry Test Could Make It Harder To Buy Life Insurance

DNA testing kits promise insights into your ancestry, but regulators and consumer advocates warn it may make buying life insurance harder. Julie Watts reports. (1/17/18)

Published:  Wed, 17 Jan 2018 23:39:49 GMT



Legacy Partner in Pasadena and Northridge Is the Best Place to Avail Affordable Term Life Insurance

The premium payments of a whole life insurance policy can be quite expensive for a person. With the help of Legacy Partners, one can avail an affordable term life insurance policy, which provides efficient financial protection to a person and their family ...

Published:  Thu, 18 Jan 2018 10:02:00 GMT



Budget 2018: Life Insurers Seek Higher Tax Deduction

The Life Insurance Council, the public forum that mediates between the government, the insurance regulator and policyholders, has recommended an additional tax deduction of Rs 50,000 for life insurance premium. The present limit of Rs 1.50 lakh under ...

Published:  Thu, 18 Jan 2018 03:42:00 GMT



U.S. Life Insurance Activity Shows Steady Recovery from Q1 2017 Shortfall Reports the MIB Life Index

BRAINTREE, Mass., Jan. 16, 2018 /PRNewswire/ -- Slowing life insurance application activity in mid-2016, turned sharper in Q1 2017, off -4.5%; the composite MIB Life Index saw quarterly improvement in subsequent quarters finishing 2017 at -1.8% YTD.

Published:  Tue, 16 Jan 2018 11:46:00 GMT




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