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The Best Life Insurance Plans

Where Can You Find the Best Life Insurance?

It may not always be at the forefront of your mind, but the payment of a death benefit to your beneficiaries is an important decision we make for loved ones. A life insurance payout provides financial protection to dependents once we have passed on. These funds might be used for covering basic family expenses like mortgage payments, tuition, car loans, funeral costs, and much more. Essentially, life insurance policies help beneficiaries survive financially until they can get back on their feet without us.

It's estimated that about 40% of Americans don't have life insurance. In very few cases this accounts for individuals without beneficiaries or people with lots of assets that could easily be sold. However, most people without life insurance simply misunderstand the reasons for needing it and how affordable it actually is. Since people are living longer and healthier, life insurance is becoming less expensive than ever. Quite a bit of life insurance can be purchased without breaking the bank.

Wednesday, August 4th

2021 Life Insurance Plan Reviews

Health IQ Review Top Consumer Reviews Best-In-Class Blue Ribbon Award 5 Star Rating

Health IQ

5 Star Rating Top Consumer Reviews Best-In-Class Blue Ribbon Award

Health IQ is a broker that focuses on the way healthy lifestyles save you money on life insurance. Their website is informative as to why exercise and a high "health IQ" is associated with lower risks of heart disease, diabetes, and an early death. Health IQ rewards health-conscious individuals with good lifestyle habits by saving them up to 41% on life insurance policies from third-party providers. They have earned our highest rating among life insurance companies.

E Financial Review 4.5 Star Rating

E Financial

4.5 Star Rating

eFinancial is a simple, comprehensive company that matches individuals to life insurance policies. Their website lacks unnecessary fluff and gets customers what they need quickly without making them jump through hoops. We found one of the most helpful things about eFinancial to be their FAQ section that walks customers through what to look for when purchasing a new life insurance policy. If you're looking for a health insurance site that gets right to the point by providing you with life insurance coverage, eFinancial is a fantastic option.

Fabric Review 4.5 Star Rating

Fabric

4.5 Star Rating

Fabric aims to help families get on the right path to financial security by providing access to life insurance and wills. Their website is sleek and caters to individuals who may be overwhelmed by understanding where to begin on their journey to protecting their family's financial future. If you're interested in learning more about life insurance, pricing, or creating a will, Fabric is a great place to start.

Haven Life Review 4 Star Rating

Haven Life

4 Star Rating

Haven Life does not beat around the bush when it comes to life insurance policy quotes. From the second you land on their website, they are prepared to give you a quick quote and match you to the best life insurance policy for you. Their goal is to make the process fast and simple. But, prospective customers should be aware that Haven Life only offers quotes for life insurance policies of $100,000 or more.

Ladder Life Review 3.5 Star Rating

Ladder Life

3.5 Star Rating

Founded in 2017, Ladder Life offers medical exam-free policies of $100k - $8M to individuals anywhere in the United States besides New York. Coverage can be purchased for terms ranging from 10-30 years, so customers who want permanent life insurance need to look elsewhere. But, on the positive side, people who use Ladder Life will find that their online portal is convenient and allows adjustments to coverage according to your current financial needs at any time without the hassle of reapplication.

Insurance Quotes Review 2 Star Rating

Insurance Quotes

2 Star Rating

Insurance Quotes not only provides free quotes for life insurance, but also for auto, home, health, and business insurance. However, their website is busier and more complicated than other life insurance websites we visited. Their text-heavy presentation might overwhelm customers looking for a fast quote and straightforward information.

US Insurance Online Review 1.5 Star Rating

US Insurance Online

1.5 Star Rating

Whether you're looking for insurance coverage for life, auto, health, home, or annuity, US Insurance Online connects users to third-party sites to find quotes. Since US Insurance Online is not actually an insurance agency, the insurance you're looking for cannot be purchased here. With the third-party insurance referrals comes the potential for an overwhelming amount of marketing efforts from up to eight companies that users must agree to in order to use this site. That makes US Insurance Online the lowest-ranked resource for life insurance coverage in our review.

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It's suggested that individuals evaluate their life insurance policies yearly to make sure their coverage is sufficient for future needs. Premium costs are determined based on age, current health and health history, and occupational hazards. Depending on the policy, you'll typically be paying premiums either monthly or annually. Finding the best policy for you is quick and easy with online tools that connect you to the right company and terms for you and your loved ones.

Before signing up for a new life insurance policy, we suggest you keep the following criteria in mind when choosing a program:

  • Cost. There are lots of companies offering life insurance. Make sure you get a competitive price that allows you to put money toward your policy without interfering with your other expenses.
  • Insurer. Is the company you're buying from reputable? Are they going to be around for the duration of your policy? This is one of the most important things to look into before buying into a new life insurance policy.
  • Convenience. Find a company that helps you understand exactly what your policy entails. It's important that they cater to you in both signing up and maintaining your policy. Check if you can make electronic and/or automatic payments and easily contact customer service if needed.

To help you identify the best life insurance plans, TopConsumerReviews.com has reviewed and ranked the best life insurance companies available. We hope this information helps you find a life insurance policy that will give you and your loved ones peace of mind!

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Life Insurance Plan FAQ

Life insurance is a type of coverage that pays a benefit when you die. Some policies are offered as part of an employment package, while others are purchased separately by anyone who wants coverage.
The need for life insurance depends on your circumstances. Do you have a spouse, children or other dependents who would be significantly impacted financially if you passed away? Would you leave behind debts that they couldn't pay off? A life insurance policy can help lessen the blow of your death by providing the resources to replace your income, cover funeral expenses, and so on.
Generally speaking, insurance either covers you for a specific time period or for your lifetime. The first kind, known as term insurance, usually has lower premiums that make it more affordable. Permanent insurance, sometimes known as universal life or whole life coverage, builds in cash value that can be withdrawn if you cancel your policy while still living. You'll pay higher premiums because of the cash savings component inherent in the coverage.
It depends on the coverage you select, your age and gender, your overall health and lifestyle, and so forth. Term life insurance policies are almost always the most affordable but offer fewer benefits.
That's a personal question. Start by taking into consideration your income and how your loved ones would provide for themselves in your absence, your mortgage and other debts you might want to have paid off, any estimated costs for your final arrangements, and any children's educational expenses you would like to cover. A good rule of thumb is having life insurance benefits of five to eight times your current income.
For most life insurance policies, yes. There are companies that sell coverage with no physical exam, but they come with higher premiums - and you'll still have to answer some broad health-related questions during the application process. Some of the biggest factors that will affect your coverage, both in terms of being able to get a policy and the amount you'll pay, are tobacco use and body weight relative to height.
You can buy an insurance policy for anyone in whom you have an "insurable interest" . That usually includes the members of your immediate family.
Absolutely. The process is simple and straightforward, but make sure you choose an insurer with a strong reputation before making the commitment. A long history in the insurance industry and positive customer reviews are two good indicators that you've chosen a trustworthy provider for your life insurance policy.
The Best Reviews of Life Insurance Plans