Unlike home, health, or auto insurance policies that protect policyholders against injury or accidents, life insurance protects dependents after losing a loved one. Most people seek insurance policies to mitigate certain risks and provide protection from undue financial burdens. Similarly, a life insurance policy can provide policyholders with the peace of mind that their family and loved ones will be financially taken care of should the unexpected happen.
If the policyholder passes away, a life insurance policy pays out a lump sum or death benefit to designated beneficiaries. Death benefits are often used to pay off debts, cover final expenses, provide supplemental income, or take care of other financial obligations. Most families seek a life insurance policy to provide for dependent children and pay off mortgages or other large debts. How much life insurance is needed and what type of policy is required will vary with each family and situation. Finding the right policy to accomplish your goals is the most important aspect of purchasing life insurance.
Like making any other large purchase, you will want to shop around for life insurance companies and policies to get the best coverages and premium rates. However, with so many life insurance options available today, gathering quotes and comparison shopping can be difficult and time-consuming. With SelectQuote life insurance, you can speak with an agent and get an unbiased policy and rate comparison in a few minutes. Using SelectQuote will allow you to compare different types of life insurance quotes from multiple companies. Let’s take a look at some of the advantages of finding life insurance quotes through SelectQuote.
1. Shop from highly rated insurance companies.
Speaking with a SelectQuote agent will allow you to comparison shop for life insurance from several companies. SelectQuote works with highly rated insurance companies to help you save time and money. Within a few minutes of providing some basic information, you can compare free quotes from companies like Pacific Life, Prudential, Mutual of Omaha, Globe Life, and more. Working with several respected insurance companies allows SelectQuote to deliver plan options and rate comparisons from some of the best policies on the market.
2. Compare policy options.
One of the most important decisions that you will need to make when shopping for life insurance is the type of policy you require. A term life insurance policy will usually provide coverage for a period of 10, 20, or 30 years as long as the premium payments are made. Whole life insurance is a permanent policy option that is generally more expensive but is valid as long you make premium payments. Both policies come with pros and cons, and determining the right one for you will depend on your specific situation. With SelectQuote, you can compare policy options from multiple companies to determine which type of plan is best for you. The right type of life insurance policy will fit your needs and can be incorporated into your larger family financial plan.
3. Compare premium rates.
When insurance companies extend coverage for a life insurance policy, they look at several factors to evaluate risks and set premium rates. Everything from your age and medical history to your gender and occupation will influence your rate. Different insurers place various levels of importance on these factors. When choosing the right insurance company, you will want to consider your specific situation and how that might impact your rates from different insurers. With SelectQuote, you are presented with insurance quotes from several insurers offering varying premium rates. You can compare rates and see how your situation might impact your choices from several companies.
From finding the cheapest rates to comparing policy types and options, there are several benefits to shopping for life insurance with SelectQuote. Speaking with a SelectQuote agent will allow you to browse coverage options from highly rated insurance companies offering some of the best policy options.