Find the best life insurance rates using eTotal Insurance
Life insurance is important to consider as life continues to progress. With Life insurance rates being at an all-time low, now is an excellent time to begin shopping for your term life insurance policy. As you begin your research you may have many questions regarding term life insurance carriers and different policy types. At eTotal Insurance, not only do we help you find the best term life insurance quotes from the highest rated companies, but we are here to guide you through your research and answer any questions you might have. eTotal Insurance has expert information about term life insurance policies that you can access free of charge in our article archives. Once you are ready to begin comparison shopping, eTotal Insurance is the fastest and easiest way to receive quotes from the best life insurance companies in your area. Simply enter your zip code and we will provide you with the best life insurance rates available to you in your area.
Life Insurance 101
There are several types of life insurance that are available to consumers. While comparison shopping prices is an important aspect of purchasing a life insurance plan, doing the research to make sure you are getting the best plan that is best for your financial situation is equally as important.
Term Life Insurance
Term life insurance is the most affordable life insurance policy available and offers a significant amount of coverage. There are five different types of term life insurance plans: renewable, level, decreasing, convertible, return of premium. Term life insurance is purchased for many reasons and can be purchased by anyone in the family. Term life insurance policies provide coverage for a specified amount of time, with fixed premiums which remain unchanged for the duration of the term. The term of a life insurance policy will vary, but the death benefit can stay the same for as long as 30 years. Choosing a term life insurance policy is a personal decision. When choosing a life insurance policy for yourself, your family’s needs are of the most important things to take into consideration. Purchasing the right term life insurance policy will provide you and your family peace of mind.
Whole Life Insurance
Whole life insurance is a permanent insurance that remains in place for the lifetime of the insured individual. It does not expire, never needs to be renewed, and cannot be revoked. Whole Life Insurance policies feature a level premium, which provides both cash value and a death benefit as long as the policy remains in force and is kept up to date. Each premium you pay to your whole/permanent life insurance policy adds cash value to your policy. Whole life insurance can be a solid foundation upon which to build a long-term financial strategy because it guarantees a lifetime of protection for your family or business.
Universal Life Insurance
Universal life insurance is a permanent life insurance based on cash value. Similar to a term life insurance plan, but there is an investment attached to a universal life insurance plan. Universal life insurance offers flexible plans that allow you to vary your premium payments and adjust the amount of your coverage. Universal life insurance plans are great for people who are looking for a permanent life insurance policy, but have fluctuating ability to pay. Often times Universal life insurance will have lower premiums than whole life, and allow you to keep many of the same benefits. However, the cash value build up is not guaranteed and will depend on the investment attached to the plan. Universal life can be a great base for an overall protection strategy, but may need to be supplemented with other policies.