Life Insurance Quotes | Compare Premiums
LIFE INSURANCE CALCULATOR
We are not a lead generation website and serve our potential clients ourselves. We do not sell your information to third parties.
Please note that by the regulatory laws, agents and brokers offering life insurance products cannot charge a fee for service from a client. Therefore, your premium is exactly what an insurance company asks and not a penny more.
In a nutshell, you can’t find a better price for the same insurer’s product anywhere else. Your life insurance rates are always the same no matter where you buy your life insurance policy.
How much coverage do I need?
What type of life insurance is best for me?
How much does life insurance cost?
This revolves around determining the appropriate amount of life insurance coverage to adequately protect your loved ones.
Factors considered may include income replacement, debt coverage, funeral expenses, education costs, and ongoing financial support.
To determine this an understanding the different types of life insurance policies available, such as term life, whole life, universal life, and variable life, is necessary.
Each type has its own features, benefits, and suitability based on individual needs, financial goals, and budget.
This is where we come in make sure you fully understand things before making a decision.
The cost of life insurance is usually the biggest concern for most buyers.
The rule of thumb is the longer you wait to buy life insurance, the higher you pay.
Unlike, for example auto insurance, or home insurance, life insurance doesn’t come with a discount. You pay exactly what the insurance company asks.
What affects life insurance rates?
Age: Generally, younger people have lower rates as they are less likely to die soon.
Gender: Women tend to live longer than men, and hence their life insurance premiums are often lower.
Health status: Life insurance companies typically require applicants to undergo a medical exam to assess their health status. People with medical conditions will be charged higher rates.
If your health is severe, you may not even qualify for life insurance coverage.
Lifestyle: Factors such as smoking, excessive drinking, drug use, and other dangerous hobbies will pay higher premiums.
Family history: If there is a history of health problems or premature deaths in the family, it can impact the offer from the insurance company.
Occupation: Certain professions, such as firefighters or pilots, may be considered riskier and may be asked to pay more a similar life insurance coverage.
Amount of coverage:
Your premium will also depend upon how much coverage you want.
Term of coverage: The longer the term of the policy, the higher the premiums you will pay.
Type of life insurance policy: There are different types of life insurance policies, such as term life insurance, whole life insurance, and universal life insurance. Each type of policy has its own pricing structure and can impact the premiums you will pay.
- State Limitations: This mainly affects people in a state, like New York for example, with extra strict regulatory environment. Due to that certain highly competitive carriers may not want to do business in that state. That finally affects the consumer’s pocket.
Life insurance Premium Calculator
Our life insurance calculator compares best life insurance rates from highly respected companies you trust to protect the financial future of your loved ones. Please remember that the online quotes only offer the estimated life insurance premium. The final insurance premium will be based of the underwriting by the insurance company.
Compare Life Insurance Rates
Besides single premium life insurance quotes, also compare the best quotes on term life insurance, the return of premium term, and guaranteed universal life plans (for lifelong coverage). Whole life insurance is a little complicated to quote online. Please call us for a properly designed whole life policy.
Check out various options under Length of Coverage.
We are committed to bringing you the most competitive life insurance rates in the market. If you are considering a second-to-die universal life, or a single premium term insurance plan, please contact us at 1-866-526-7264 to custom-design these for you.
If you are looking for final expense or burial insurance, visit InsureInMinutes.com for real-time comparison and quotes.
Please remember only a handful of insurance companies offer single premium or limited pay premium options when it comes to final expenses or burial expenses insurance.
Basic Life Insurance Risk Classes
Preferred Plus: You are in excellent health; take no medications; normal height and weight besides a few other factors.
Preferred: Excellent health; blood pressure or cholesterol under control with medication. No history of smoking in the last two years besides other factors.
Standard Plus and Standard: Now you are getting into serious health conditions and other factors. From here on, it is a downward journey.
Our life insurance calculator offers you real-time quotes. Choose your tentative health risk class and see what’s available to you from some of the top-rated insurance companies.
Term Life Insurance Quotes
Whole Life Insurance Quotes
Universal Life Insurance
Our quoting tool offers term life insurance rates from over 20 top-rated life insurance companies.
If you don’t see a quote you are looking for, it mainly because of your age, the amount you selected, or the state restrictions on that insurance product.
All you have to do in that case is to give us a call at 1.866.526.7264.
Remember, the online quoting tool can do a lot. But we can do a lot more.
Any life insurance that offers cash values is much more sophisticated than a traditional term life that works as a lease agreement between you and the insurance company, and offers pure temporary protection without cash values.
Because of the needs and desires of clients looking for whole life insurance, a wholesome approach is needed to properly custom-design a policy that delivers results.
In this case, online quoting does not work.
Depending on what type of universal life insurance you are looking for, it may or may not have cash values.
Most people when they are concerned with leaving behind a financial legacy, and are not worried about cash values, choose Guaranteed Universal Life Insurance.
This is what our quoting tool quotes and compares premiums from various highly rated insurance companies.
If you are considering index universal life (IUL) or variable universal life (VUL), please give us a call.
FREQUENTLY ASKED QUESTIONS (FAQ)
By law, they cannot do that.
Insurance agents and brokers typically do not charge a fee to find the best life insurance rates. They are compensated through commissions by the insurance companies they work with. When you purchase a life insurance policy through an agent or broker, the insurance company pays them a commission based on the premium you pay for the policy.
The amount of life insurance you need depends on several factors, including your current income, debts, expenses, and the financial needs of your dependents in case of your untimely death. Here are some steps to help you determine how much life insurance you may need:
Calculate your financial obligations: Add up your debts, including your mortgage, car loans, and credit card debt. Also, consider your living expenses and the education expenses of your dependents.
Determine your income replacement needs: Calculate how much your family would need to maintain their standard of living if you were to pass away. A common rule of thumb is to have coverage that is 10-12 times your annual income.
Consider your dependents’ needs: If you have dependents, consider how much money they would need to pay for expenses like childcare, education, and medical bills.
Assess your assets: Calculate your current savings and investments, and consider how much your family would need to maintain their lifestyle without your income.
The ideal time to buy life insurance depends on your individual circumstances and needs. Here are a few factors to consider when determining when to purchase life insurance:
Personal factors: Life insurance needs vary based on factors such as your age, health, marital status, dependents, and financial obligations. Generally, the earlier you buy life insurance, the more affordable it tends to be. As you age, the cost of premiums may increase due to higher risks associated with health conditions. If you have dependents or financial responsibilities, it’s generally advisable to purchase life insurance sooner rather than later.
Changing life events: Life insurance needs often change as you go through various life events such as getting married, having children, buying a home, or starting a business. These milestones typically come with increased financial responsibilities, making it important to secure life insurance coverage to protect your loved ones and financial obligations.
Health considerations: Generally, the healthier you are, the easier it is to obtain life insurance coverage at more affordable rates. If you have pre-existing health conditions or anticipate changes in your health, it may be beneficial to purchase life insurance earlier while you are still in good health.
Financial stability: Assess your financial situation and stability. Life insurance can provide a financial safety net for your loved ones in the event of your death. If you have dependents or significant financial obligations, it’s wise to secure life insurance coverage sooner to protect their financial well-being.
While there isn’t a specific age or time frame that applies to everyone, it’s generally recommended to consider life insurance as early as possible, especially if you have dependents or financial responsibilities.
Yes, we do.
We are a full-fledged life and health insurance agency. Although, SinglePremiumPlans.com is dedicated to single pay plans, we offer all other life insurance plans like, term, universal and final expense from top-notch insurance companies.
A few of our partner carriers include, Prudential, Penn Mutual, AIG, Pacific Life, Cincinnati Life, Lincoln Financial, Mutual of Omaha, TransAmerica, North American, and many more.
If a life insurance company goes bankrupt, there are several protections in place to ensure that policyholders’ interests are protected. These protections vary depending on the state and country where the insurance company is located, but generally include the following:
State Guaranty Associations: In the United States, each state has a guaranty association that provides protection to policyholders of insolvent insurance companies. The guaranty association is funded by insurance companies and may provide coverage up to a certain dollar limit per policyholder.
Policy Transfers: In some cases, a financially sound insurance company may assume the policies of the bankrupt insurance company. This means that policyholders will continue to receive coverage and benefits from the new company.
Liquidation: If a life insurance company is unable to continue operating, it may be placed into liquidation. This means that its assets are sold to pay off its debts, including the claims of policyholders. In this scenario, policyholders may receive a portion of their benefits from the liquidation process.
It’s important to note that the protections offered to policyholders in the event of a life insurance company’s bankruptcy may not cover all of their claims or provide the same level of benefits as the original policy.
It important to note that a life insurance company rarely goes bankrupt.
- We are not a lead generation website, and do not sell your information to third parties.
- We serve our potential clients ourselves.
- We are independent, licensed agents and brokers.
- Your information is sacrosanct, and is fervently guarded, using all means available, from those who should not be be looking at it.
Here are a few reasons why you might still need additional life insurance:
Insufficient coverage: Employer-provided life insurance typically offers a death benefit that is a multiple of your salary, such as one or two times your annual income. However, this may not be enough to adequately cover your family’s financial needs in the long term. It’s important to assess your specific circumstances, such as outstanding debts, mortgage, education expenses, and future financial goals, to determine if the coverage provided by your employer is adequate.
Job changes: If you change jobs or leave your current employment, you may lose the life insurance coverage provided by your employer. Having an individual life insurance policy ensures that you maintain coverage regardless of your employment situation.
Customization and portability: Group life insurance provided by employers typically offers a standard policy with limited customization options. With an individual life insurance policy, you have the flexibility to tailor the coverage to your specific needs and adjust it as your circumstances change. Additionally, individual policies are portable, meaning you can keep them even if you switch jobs or retire.
Supplemental benefits: Individual life insurance policies often come with additional benefits and riders that can enhance the coverage, such as critical illness riders, disability riders, and accelerated death benefit riders. These riders provide extra financial protection in case of serious illness or disability, allowing you to access a portion of the death benefit while you’re still alive if certain conditions are met.
Legacy planning: Life insurance can also serve as a means to leave a financial legacy for your loved ones or support charitable causes that are important to you. Individual life insurance policies can be structured to provide a larger death benefit specifically for this purpose.
Here are some of the top life insurance companies in New York based on their financial strength, customer satisfaction, and reputation in the industry:
New York Life Insurance Company: This is the largest mutual life insurance company in the United States, and it has a strong financial rating and reputation for customer service.
MassMutual Life Insurance Company: This company has been in business for over 160 years and has a strong financial rating and reputation for customer service.
Northwestern Mutual Life Insurance Company: This is a highly-rated mutual insurance company that has been in business for over 160 years.
Prudential Financial: This is a large insurance and financial services company with a strong financial rating and reputation for customer service.
AIG Life Insurance: This is a large insurance and financial services company with a strong presence in New York and a reputation for financial strength and stability.