Will you or your loved ones be protected in the event of an accident that causes you serious or fatal injury? While this is something that many of us don't even want to think about, the costs associated with hospital bills, funeral expenses and all of the other aspects of the aftermath of an accident can run into the hundreds of thousands of dollars.
Don't Be a Statistic
Of the over 100 million households in the United States, one-third, or 35 million are not covered by any type of plan. And over 58 million households don't have adequate coverage.
Ironically, life insurance is the top source of the financial assets or income that Americans expect to be there for them in the event that the primary wage earner in the family dies.
But yet, there are many excuses given to explain why people don't purchase a policy. One of these is the assumption that life insurance is expensive. But the truth is that increased competition, increased life span and new types of policies have all contributed to making the cost of life insurance more affordable than ever.
Having adequate coverage not only means that your entire family is financially protected in the event that you become injured or perish as the result of an accident, but it can also give you great relief and peace of mind knowing that they won't be left with unmanageable expenses once you're gone.
Unfortunately, there is more than enough information available to make finding the right one both frustrating and overwhelming. However, we are here to help. You can find the policy that best fits your coverage and budget needs by using this site to compare life insurance companies for your state that have already been rated for your review.
We're Here to Assist You
Clarity about all of the information surrounding the industry is available here. Our easy-to-understand details will help you discover just how affordable a life insurance policy that protects your entire family can be.
What To Know Before You Choose
Before you choose a company, it's important to understand some of the things that can prevent you from finding the perfect provider and plan.
Not knowing the company before you sign up
Did you know that over one thousand companies in the United States offer life insurance policies? A lot of these are subsidiaries of parent companies, whose mandate is to help their parent company to more efficiently meet customer needs. Subsidiaries also help their parent companies offer policies which are in line with the legislation for each state.
Before choosing a parent company, ensure that it has a subsidiary for your state. Not doing so will render you unable to resolve any disputes you have with that company.
Not reading the fine print
Conducting due diligence by reading the fine print of a policy while you compare life insurance can help you ensure that the company you're signing up with is delivering on all of the promises it has made to you. Not doing so can result in you paying more than you expect for less than you need, not to mention possible future disputes which can incur prohibitive legal costs.
Ignoring the financials
The financial stability of the company you choose will be directly related to its ability to deliver on the promises in your policy. Choosing a provider means making a long-term investment. The stronger a life insurance company's financial foundations, the better.
This insurance provider is definitely a household name in the industry, and with good reason. MetLife's straightforward approach to life insurance, coupled with a variety of plans that can be tailored to your individual needs, make it an easy choice for many people. They also offer retirement planning, annuity offerings, estate management, and comprehensive packages for any sized business.
Fifty years of history and a long track record for old-fashioned customer service are just two of many factors making Colonial Penn a quality company. Guaranteed acceptance for those 50 and over is this company's specialty, with many benefit levels available for its other life insurance products. Policies are presented by age group, making them easy for would-be customers to locate.
Over one hundred years in business and the initial ownership by a banker have served to make the Transamerica life insurance company unique. This company offers a range of financial products and services in addition to its life insurance options. Transamerica enjoys very strong financial ratings, as well as impressive capital and surplus funds of nearly $7 billion.
A 150-year track record and over $150 billion in assets, along with a focus on survivorship are what makes the New York Life Insurance Company an industry leader. NYLife aims to reduce policy expenses and cost of insurance while providing the maximum possible amount of coverage. This company offers two ways for customers to protect and preserve their wealth, while providing three choices for whole life insurance coverage.
13 million customers benefit from the choices they have at American General. Not only does this company offer over 160 years of industry experience, but it has had accreditation with the BBB since 1961. Customers have five options for insurance coverage, including select-a-term and index interest universal life. A personalized quote is available by getting in touch with this company via phone or email.
Comprehensive information located at web site allows all customers to educate themselves about available options
Corporate support available via phone or email
Over 160 years of experience goes into every customer call
Taking the Confusion Out Of Life Insurance Terminology
There are many terms associated with life insurance. But here are a few that you may encounter on your search for the right provider.
Term Life Insurance
This type of policy covers you for a specific period of time, or particular term.
Convertible Term Life Insurance
This type of policy frees you from having to medically qualify before you can convert to a different policy type, such as whole life.
A provision in a life insurance policy, accelerated benefits allow for someone who permanently resides in a nursing home or terminally-ill individual to receive part of their death benefit early.
Having all of the information you need to compare life insurance companies means that you never have to travel far to get the details about prices or providers. And, it can mean that you get peace of mind more quickly than you thought possible.
You may be left wondering if your loved ones will be protected in the event of a fatal accident. High costs are normally associated with funerals expenses, hospital bills and the other results which may come about because of accidents.
When you compare life insurance, you will find that all the major players in the industry offer their own list of unique benefits. Quite honestly, you really can’t go wrong obtaining a policy with American General, Colonial Penn, Metropolitan Life, New York Life or Transamerica, but that does not mean that all five offer the perfect match for you.
Having an abundance of life insurance companies in your state can be a double-edged sword. On one side, you are grateful to have such a variety of coverage and features to choose from, but on the other side, it does make the decision more difficult.
Most people are only concerned with buying one life insurance policy that will cover their family financially once they're gone. But did you know that you can actually buy more than one policy from life insurance companies in Arkansas at a time?
To be more accurate, there is currently no limit to the number of policies you can have, which may sound strange.