Compare Life Insurance Companies by State
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.
Compare Life Insurance Companies
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.