Life Insurance Quotes

Shawn Plummer

CEO, The Annuity Expert

Are you looking for a quick life insurance quote? Then, you’ve come to the right place. In this buying guide, we will compare rates from some of the top providers in the industry using our life insurance calculator. We will also show you how to instantly shop for life insurance quotes and buy a policy online. So whether you are just starting your search or ready to buy a new policy, we have everything you need right here!

Compare Life Insurance Quotes

Use our online life insurance calculator to determine how much coverage you can afford. Compare life insurance rates from the best life insurance companies for both term and permanent life insurance coverage. Compare quotes from term, whole, and universal life insurance.

Skip The Exam, Get Coverage Today

If you are healthy and want to reduce the underwriting process time, consider skipping the exam with No Medical Exam Life Insurance and getting a policy today. Term and permanent policies are available. Get a quote instantly.

What Is a Life Insurance Quote?

A life insurance quote is simply an estimate of what a life insurance policy might cost. Life insurance quotes are based on factors like your age, health, and the amount of coverage you’re looking for.

While life insurance quotes can give you a good idea of what you might expect to pay for a policy, it’s important to remember that they’re just estimates. The only way to know how much you’ll pay for a life insurance policy is to get quotes from multiple companies and compare them. Comparing different kinds of life insurance quotes is the best way to ensure you get the best deal on a life insurance policy.

Where can I buy life insurance?

It is advisable to have some insurance. Immediately from insurers. When doing your own research, you may purchase directly from the insurance company. Explore The Annuity Expert’s top life insurance companies to find the right insurance provider to meet your needs.

We’re A Life Insurance Agency And Licensed Agents

Here’s how we can help. An agent or brokerage will assist you with choosing an insurance policy and determining what is right for you. You will also need to provide the required documentation for the application. The best part is our services are free of charge.

How Much Life Insurance Do I Need?

Multiply your annual income by 10 percent to determine your coverage.

Insurers Look at These Factors When Putting Together Your Quote

When shopping for life insurance, it’s important to understand how insurers calculate your premium.

Life insurance premiums are based on a variety of factors, including your age, health, lifestyle, and occupation. Insurers will also examine your medical and family health history to assess your risk of developing an illness or condition that could shorten your life expectancy. In addition, they’ll review your prescription medication records and health exam results to better understand your current health status. Your driving record and any hazardous hobbies you participate in may also affect your premium.

By understanding the factors that insurers consider when calculating your life insurance quote, you can shop around for the best policy for your needs.

Term Life Insurance Quotes

A term life insurance policy is one of the most straightforward and commonly-purchased types. As the name suggests, it covers you for a set period of time, after which the policy expires. If you die during the policy term, the insurer will issue a death benefit to your beneficiaries.

Term life is often the most affordable coverage, making it a good option for families on a tight budget.

In addition, due to its simplicity, you can get quotes online and even buy a term life policy on the same day.

While it may not be as comprehensive as some other types of coverage, a term-life policy can give your loved one peace of mind in knowing they will be taken care of financially if something happens to you.

Whole Life Insurance Quotes

Most people are familiar with term life insurance, which provides coverage for a set period of time, such as 10 or 20 years.

However, another type of life insurance, known as whole life insurance, offers permanent coverage. This means that as long as you continue to pay the premium, the policy will remain in force and pay out a death benefit regardless of when you die.

Whole-life policies also often include a cash value component, which allows you to withdraw money or take out loans against the policy while you’re still alive. The cash value grows tax-deferred and can be used for any purpose.

While you can get whole-life quotes online, due to the complexity of these policies, it’s typically best to work with an insurance agent to find the right policy for your needs.

Universal Life Insurance Quotes

Universal life insurance policies offer flexibility regarding the death benefit and the premiums, but they also typically include a cash value component. This cash value grows tax-deferred and can be accessed through loans or withdrawals while you’re still alive.

While you can get universal life insurance quotes online, due to the complexity of these policies, it’s typically best to work with an insurance agent to find the right policy for your needs.

Final Expense Insurance Quotes

Final expense insurance is a type of whole life insurance specifically designed to cover these costs. The guaranteed death benefit can be used to pay for everything from the funeral and burial to outstanding medical bills and credit card debts.

Comparing quotes from multiple carriers is important when shopping for final expense insurance. The cost of coverage will vary depending on factors such as your age, health, and the amount of coverage you need.

What Is Needed For A Quick Life Insurance Quote?

  • Financial obligations such as debt owed on things like your mortgage or loans
  • Specific medical records regarding pre-existing medical conditions
  • Current income level and field of work
  • The general medical information you may be asked on the application about includes height, weight, blood pressure, and cholesterol levels.

Different Types Of Life Insurance

Before running quotes, understand there are different life insurance products and services. The three types are term and permanent (whole life and universal life insurance policies). Each policy type meets different needs, but all provide financial security.

Term Life Insurance:

  • Affordable life insurance for a specific coverage length (10 to 40-year term)
  • Could help replace income for family members within a specific period of time
  • May cover outstanding loans and debt
  • Applicants in excellent health may be eligible for a No-Med Exam policy

Permanent Life Insurance:

  • Choose between whole and universal life insurance.
  • Coverage for your entire life, as long as policy terms are met
  • Help with income replacement
  • May cover outstanding debt
  • Cash values provide supplemental income in retirement through policy loans
  • Assisting with estate planning
  • It may offer a savings component that allows the cash value to grow over time.
  • Help to pay a child’s college tuition

Finding The Best Policy At The Cheapest Cost

Our goal is to help you find the best life insurance policy at the cheapest cost. Shop rates without sitting down with an insurance agent or receiving phone calls.

If you need assistance, feel free to contact us for help, free of charge.

Our life insurance rate comparison tool allows you to:

How To Shop And Apply For A Policy Online

When shopping rates, understand that life insurance policies aren’t only for leaving an inheritance for your loved ones. You can supplement a retirement income with cash value in the future, pay for long-term care (accelerated death benefit rider), protect a mortgage, and pay for funeral expenses.

Below is a step-by-step guide on comparing plans and applying for a life insurance policy on your own.

Steps To Applying

  1. Calculate how much life insurance you need.
  2. Enter your personal information.
  3. Select what you’d like to accomplish, such as helping provide financial security, providing death benefit protection, supplementing a retirement income with cash value, paying for long-term care, planning for final expenses, etc. You can select a term life insurance policy and permanent life insurance (universal and whole life insurance).
  4. Compare life insurance costs and select from the best insurance companies with the highest financial strength, such as AIG, Gerber Life, Prudential, Colonial Penn, Transamerica, Banner Life, Ethos, etc.
  5. Decide on your coverage length. Then, choose a set period that you want to be covered.
  6. Once a life insurance policy is selected, the application process will begin via DocuSign.
  7. After the application is completed and submitted, the life insurance company will order a medical exam (if applicable), and a technician will coordinate with your schedule and location of choice.
  8. Once the underwriting approval comes back from the exam (if applicable), a policy will be mailed to you, and you will start funding the policy.
  9. That’s it! Now you have a life insurance policy!

Next Steps

Now that you know more about the process, it’s time to start using our life insurance calculator. To request quotes from some of the top providers in the industry, use our quoting tool above or contact us below. We will compare rates and help you find the best policy for your needs. Thanks for reading, and we hope you find the perfect policy!

Find The Best Life Insurance Quotes With Our Life Insurance Calculator.

Need Help Shopping Quotes?

If you have a pre-existing medical condition and want to buy life insurance, you will need help from an expert. This person can help ensure you get coverage so you don’t get declined.

Warning: Applying for life insurance without an exam can be risky. If you get declined coverage, it could be at least two years before you can get any life insurance policy.

Impaired Risk Life Insurance
Have You Been Declined Life Insurance Coverage Before?

Frequently Asked Questions

How quickly can you get life insurance?

The life insurance application process usually takes a long time. The longest part of the process is waiting for the medical examination. If everything goes smoothly, you should receive the medical examination within 3-5 days. After that, it could take 2-3-4 weeks for the entire process to be completed.

The time to receive a policy can be reduced dramatically and achieved as early as the same day if you apply for a policy with no examination required.

Understand that life insurance without a medical exam may be more expensive than an examination, and it isn’t intended for unhealthy applicants but rather a convenience for healthy applicants.

Unhealthy applicants can apply for a simplified issue policy with minimal underwriting requirements, such as a phone interview and a health questionnaire.

How much does life insurance cost?

Because there are different types of life insurance, the cost can vary greatly depending on your specific situation. Factors include your age, medical history, height, weight, term length, hobbies, zip code, and how much life insurance is needed.

The monthly cost is determined by life expectancy, health status, and sometimes your zip code. Term life insurance cost is the cheapest coverage with level premiums because the coverage length is temporary. Universal life insurance policies are more expensive but build cash value growth that can be used as an annual income in the future.

A final expense policy is a cheap permanent life insurance policy designed to help provide financial assistance for your loved ones to pay funeral costs.

Compare quotes online, and select the policy with the lowest premiums and highest life insurance payout.

Where is the best place to get a life insurance quote?

Contact an insurance agent to shop or compare quotes online to apply for life insurance protection. The Annuity Expert is one of the best places to get life insurance policy quotes. Why? Because the rates are the cheapest in the United States.

To save on these financial products, compare the quotes from different companies. You might think you’re getting the best deal, but there may be an even better one. Talk to an expert if you’re unsure what to look for in a plan.

We offer only “A” rated or better life insurance companies with the strongest financial strength. The claims-paying ability of the issuing insurance company backs life policies. (NAIC)

Also, comparing quotes does not affect credit scores. Applying for coverage should not affect credit scores.

Who provides quotes for life insurance online for applicants over age 50?

Applicants over 50 can compare quotes on permanent life and up to a 25-year term from AIG, Banner, ProtectivePacific LifeLincoln Financial, Transamerica, John HancockNationwide, and Prudential.

Can I get a life insurance quote online without personal information?

Unlike other insurance agencies like Geico, you get an affordable quote without a single phone call from an insurance agent. However, you can always contact us to determine how much coverage you need. In addition, you can get a quote without a User ID, email, zip code, and other info.

What is the number 1 life insurance company?

The 20 most prominent life insurance companies are Northwestern Mutual, New York Life, MassMutual, Prudential, Lincoln Financial, State Farm, John Hancock, Guardian, Transamerica, Metlife, Pacific Life, American General (AIG), Equitable, Primerica, Sammons (Midland National and North American), Nationwide, Protective Life, Penn Mutual, Brighthouse Financial, and Globe Life.

These companies have strong ratings with various rating companies, providing several types of life insurance.

Which type provides the greatest amount?

Regular premiums on whole life insurance policies stay the same for your entire life. However, term life insurance costs start cheaper than other policies offering the same amount of financial protection. So the insurance provides you more immediate coverage per dollar than a permanent policy.

What is the best age?

Now is an excellent time to lock in rates. Your age is one of the main factors that insurance companies use to decide how much your premium will be.

Term life and permanent life insurance policies (whole life and universal life policies) have different rates, but generally, the older you are, the more you will have to pay.

Even if you don’t need it now, your twenties are the best time to get low-cost life insurance. When you’re younger and healthier, you pose less risk to an insurer and receive the best rates.
Also, if you choose permanent instead of term life insurance in your twenties, the cash value will have plenty of time to grow, leaving a savings account in the future.

Who needs it the most?

Life insurance should be the first priority for Breadwinners, who are solely responsible for the household’s income and parents with a new baby.

New homeowners could also use a plan to protect their mortgage if one dies prematurely.

Death is inevitable. Seniors should have a burial insurance policy to pre-pay the costs of final expenses.

Can you have multiple policies?

There is no rule from life insurance companies that says you cannot own multiple life policies. However, it may make sense to have more than one policy in some cases.

For example, a person may want a 20-year term combined with whole life insurance or universal life insurance to offer cheap coverage for their family while building tax-free income for retirement in a permanent policy.

What reasons will a policy not pay?

The life insurance company may not payout if you die while participating in a crime or doing something illegal. In addition, committing suicide within the first two years of owning the policy may prevent the provider from paying out.

Not paying your premiums on time will also explain why a policy will not pay the death benefit.

Any hint of insurance fraud will trigger the provider not to pay beneficiaries.

Are payouts taxed?

Generally, the life insurance death benefit you get when somebody dies is not counted as income. That means you don’t have to report the tax-free proceeds. But if you get any interest on the money, that is counted as part of your annual income, and you should report it.

If an insured withdraws money from the cash value in a modified endowment contract (MEC) while alive, interest earned will be taxed.

If the insured utilizes their accelerated death benefit (face amount) while alive to pay for specific long-term care costs, payouts can be reimbursed tax-free.

How fast do you get a payout?

When someone dies, their life insurance company will pay the policy’s beneficiary. First, the beneficiary will need to file a life insurance claim. Next, they will need to submit completed claim forms and supporting documents. Then, they should expect to receive the payout within 30 to 60 days.

However, some plans have a waiting period (Guarantee Issue) if specific requirements are not met or there are signs of fraud.

Do you get your money back at the end?

You do not get money back when your term life insurance policy expires unless you purchased a return of premium life insurance policy.

Since permanent life insurance (whole life and universal life) provides lifelong coverage, one would not get their money back when the term ends but can withdraw their cash value.

Is the death benefit paid out in a lump sum?

The most common type of life insurance payout is a lump-sum payment. A lump sum is a large sum of money paid out all at once instead of being paid out in smaller installments over time. A lump-sum payment gives loved ones immediate access to the money, providing them with tax-free financial security.

Some policies may distribute the benefits over a period of time, but this is rare.

Related Reading

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

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

Scroll to Top