Life Insurance Quotes

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Compare Life Insurance Quotes Online

Ensure your family’s financial security with an affordable life insurance policy. Our free quoting tool offers the best rates from over 20 top insurance companies, including Prudential, Pacific Life, Lincoln Financial, Securian Financial, Midland National, Nationwide, and Transamerica. We aim to help you find the best coverage at the lowest prices.

We’re A Life Insurance Agency

The Annuity Expert is an independent life insurance agency offering complimentary personalized solutions. We provide unbiased advice and various options tailored to your needs, ensuring you get the best possible coverage.

How to Buy Life Insurance

  1. Assess Needs: Evaluate your income, debts, dependents, and lifestyle to determine the coverage you need.
  2. Choose Policy Type: Decide between term life insurance (temporary coverage) and permanent life insurance (lifelong coverage).
  3. Compare Quotes: Use our tool to compare rates from multiple insurers.
  4. Apply: Complete the application, which may include health questions and a medical exam.
  5. Review and Approval: The insurer reviews your application and sets the final premiums.

Types of Life Insurance

Choosing the Right Policy

  1. Coverage Needs: Assess financial responsibilities and dependents’ needs.
  2. Policy Type: Select the policy that fits your needs and budget.
  3. Affordability: Consider your budget for premium payments.
  4. Company Reputation: Research insurers’ financial stability and customer service.
Life Insurance Policy

Cost of Life Insurance

The cost depends on factors such as age, gender, health, lifestyle, policy type, coverage amount, and term length. Below is an example of costs for a $500,000 20-year term insurance policy:

  • 30-year-old Male: $24 – $35 per month
  • 30-year-old Female: $20 – $30 per month
Life Insurance Quotes

Why You Need Life Insurance

  1. Dependents: If you have family members who rely on your income, such as a spouse, children, or aging parents, life insurance can help cover their living expenses, education costs, and other financial needs.
  2. Debt: If you have significant debts, such as a mortgage, car loans, or student loans, life insurance can ensure that these obligations are met without burdening your loved ones.
  3. Business Owners: Life insurance can protect your business by funding buy-sell agreements, covering outstanding business loans, and ensuring continuity for your business partners.
  4. Stay-at-Home Parents: The services provided by a stay-at-home parent, such as childcare and household management, would be costly to replace. Life insurance can cover these expenses.
  5. Final Expenses: Life insurance can help cover funeral and burial costs, which can be significant.

Insider Tips

  • Different companies have different underwriting guidelines for medical conditions.
  • Independent brokers can help find the best rates by comparing multiple insurers.
  • Schedule medical exams in the morning, fast before, and stay hydrated for best results.
  • If declined, consider alternative options like burial insurance or annuities with enhanced death benefits.

How We Can Help

At The Annuity Expert, we understand that navigating the world of life insurance can be overwhelming. Our mission is to simplify the process and ensure you get the best coverage at the lowest cost. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we are dedicated to finding personalized solutions for our clients.

We believe in providing clear, unbiased advice and helping you make informed decisions. Whether you’re looking to protect your family’s future, cover final expenses, or build a savings component into your life insurance, we have the expertise to guide you every step of the way.

What We Recommend

Step 1: Assess Your Needs

  • What Happens: Our life insurance agents start by understanding your unique financial situation and goals.
  • Main Benefit: This ensures we recommend the most suitable life insurance policy for your needs.

Step 2: Compare Quotes

  • What Happens: Using our advanced tools, we compare quotes from multiple top-rated insurers.
  • Main Benefit: You get cheap life insurance with the best companies.

Step 3: Apply and Secure Your Policy

  • What Happens: We assist you in filling out the application, scheduling any required medical exams, and submitting your documents.
  • Main Benefit: Streamlined process with expert guidance, leading to a hassle-free experience and timely approval.

Features and Benefits

  • Personalized Quotes: Tailored to your specific needs and budget.
  • Expert Advice: Benefit from our 15 years of experience and industry knowledge.
  • Wide Range of Policies: Access to various life insurance products to fit different needs.
  • Customer Support: Dedicated support throughout the process, from application to approval.

Common Objections and Responses

  • “Life insurance is too expensive.”: We offer competitive quotes and help you find affordable options.
  • “I’m healthy; I don’t need it now.”: Getting insured while you’re healthy ensures lower premiums.
  • “It’s too complicated.”: Our experts simplify the process, making it easy to understand and apply.

Without proper life insurance, your loved ones may face financial hardship in your absence. By working with us, you secure peace of mind, knowing your family’s future is protected. This assurance fosters a sense of security and fulfillment, knowing you’ve taken a crucial step to safeguard their well-being.

For free advice or a personalized quote, contact us today.

Need Help Buying Life Insurance?

Since 2009, The Annuity Expert has operated as an independent insurance agency. Our national producer number is 15524738. We specialize in helping people with health conditions find life insurance. Our experts offer free advice to enhance your chances of obtaining coverage and guide you through each step of the process.

However, be aware that applying for life insurance without a medical exam can be risky. If your application is declined, you may have to wait two years before reapplying.

Life Insurance Inquiry
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Life Insurance Frequently Asked Questions

What is life insurance?

Life insurance is a policy that provides financial protection to the insured’s beneficiaries upon their death. Depending on the type of policy, it pays out a lump sum or regular payments. Life insurance can help cover funeral expenses and outstanding debt and provide for loved ones’ future financial needs.

How does life insurance work?

Life insurance provides a financial payout to the beneficiary upon the policyholder’s death. The policyholder pays regular premiums to the insurance company, who then guarantees the payout in the event of death. There are various types of life insurance, such as term and whole life, each with different benefits and coverage options.

How does life insurance work when you die?

After the insured passes away, the beneficiaries file a claim with the insurance company, providing necessary documentation such as a death certificate and policy details. The company then assesses the claim and pays out the death benefit accordingly.

What are the benefits of life insurance?

Life insurance provides financial protection to the insured’s loved ones in the event of their death. It offers several benefits, including providing a source of income replacement, paying off debts, covering funeral expenses, and leaving a legacy for beneficiaries. Additionally, some policies can accumulate cash value over time, which can be borrowed against or used for other financial needs.

Do I need life insurance?

If you have people depending on you financially, it’s smart to buy life insurance. This will safeguard your loved ones’ financial future.

How much life insurance do I need?

Determining how much life insurance one needs depends on various factors such as income, family size, debts, and future obligations. Experts suggest coverage worth 10-15 times an individual’s annual income.

How long do I need life insurance?

Most financial experts recommend having life insurance coverage for as long as you have financial dependents or outstanding debts. The duration of needing life insurance varies depending on individual circumstances.

At what age should you get life insurance?

It’s a good idea to buy life insurance when you’re young. This way, you can get lower premiums and plan for the future.

What do I need to consider before buying life insurance?

Before you decide, think about what your dependents need and your budget.

Why should I buy my own life insurance policy?

When you buy your own policy, you have control over your financial security. You can customize the coverage to match your needs and circumstances.

Are there any medical exams required to purchase a life insurance policy?

Certain policies may require a medical exam to check your health and set your premium. Other policies don’t need an exam but might have higher premiums.

What’s the maximum age limit for life insurance?

The maximum age limit for obtaining life insurance is often around 85 years old.

I’m 40, married, and have no kids. We live in a two-income household. My husband and I want a policy to cover us if something happens to one of us. Is term life recommended, or should we opt for whole life? 

This is an ideal situation for the whole life. You can use the funds to purchase a policy, accumulating cash value and growth over time. By the time you reach retirement, you should have sufficient funds to help pay for things you may want to do while in retirement, such as travel or leisure activities. You can also use the cash value that is built up for medical expenses (such as Long-Term Care) if necessary.

How much is life insurance for a 20-year-old?

The cost of life insurance for a 20-year-old depends on the type of policy, coverage amount, and health status. For a healthy 20-year-old, a 20-year term life policy with $500,000 in coverage may cost between $15 and $25 per month. Whole life insurance premiums will be higher, potentially ranging from $150 to $250 per month for the same coverage.

How much does $1 million life insurance cost?

The cost of a $1 million life insurance policy depends on factors such as policy type, age, health, and lifestyle. For a healthy individual in their 30s, a 20-year term life policy with $1 million in coverage may cost between $40 and $60 per month. Whole life insurance premiums will be higher, potentially ranging from $500 to $800 per month for the same coverage.

How much does $500,000 worth of life insurance cost?

The cost of a $500,000 life insurance policy depends on factors like policy type, age, health, and lifestyle. For a healthy individual in their 30s, a 20-year term life policy with $500,000 in coverage may cost between $20 and $30 per month. Whole life insurance premiums will be higher, potentially ranging from $250 to $400 per month for the same coverage.

What is the age limit for life insurance?

Insurance companies usually offer coverage to applicants over age 85, but certain companies may limit coverage to 80 or 90. In addition, term life insurance policies are available in different lengths, with most companies offering a maximum of 30 years, while others may offer policies for up to 35 or 40 years.

What does life insurance not cover?

Life insurance typically does not cover deaths due to suicide within the first two years of the policy, fraud, criminal activity, or war. Some policies exclude death from high-risk activities such as skydiving or car racing. It’s important to read the specific exclusions in your policy, as coverage can vary significantly between different insurers and policy types.

Where can I buy life insurance?

There are two ways to buy life insurance. An insurance agency sells life insurance from a specific company, and an insurance broker can sell policies from multiple companies.

What is the free look period for life insurance?

The free look period for life insurance is typically 10 to 30 days, depending on the insurer and state regulations. During this time, policyholders can review their policy and cancel it for a full refund if they are unsatisfied.

What motivates people to buy life insurance?

People buy life insurance for many reasons, including debt repayment, income replacement, estate planning, and business protection. The most common reason people buy life insurance is to provide financial security for their loved ones after passing.

Can I buy a $10 million life insurance policy?

Acquiring a $10 million life insurance policy requires substantial financial justification, including net worth, income, and debts, alongside a clear explanation of the need for such substantial coverage. It’s a tailored process designed for individuals with significant financial responsibilities or assets.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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