Life insurance quotes should not be confusing!
Basically, you need life insurance if you want to protect your survivors from
you might leave behind, or from a drastic change in lifestyle, which could occur with the
loss of your income.
Term life insurance is by far the most insurance that you can buy, dollar for dollar.
Other kinds of insurance cost more because some of your money is going to an investment
account. For simplicity and minimum cost, it is best to keep
life insurance rates
and investments separate.
Consider your survivors' financial position without your income. If they will be
self-sufficient, you do not need life insurance. If not, how
much is needed to replace your income?
Find out here.
In our case study, Sergei finds a $400,000 policy for $304 annually.
Use this cost calculator to estimate what yours would cost.
An independent agent represents many
life insurance companies, and is not bound to sell
you just one product. Give yourself some flexibility! If you don't have an
independent agent, we can help.