Good company for life insurance for young healthy male?

Question

My wife is about to have our first child and I would like to get a good but affordable policy in case I were to die. What company/companies would you recommend.

Answer 1

I would recommended State Farm Insurance because consider that you are still young State Farm Insurance has the best rates available. Also, if you were to get whole life you'll be paying the single monthly payment for the rest of your life.

Answer 2

Go meet with a financial professional.  It is very difficult to know what TYPE of policy or what AMOUNT of coverage to suggest without a lot more information (income, savings, debts, health, family health history etc).

Stay away from Primerica.  They offer "one size fits all" financial advice.  That only works in picking hats.  Primerica's products are overpriced and they hire anyone with a pulse and a list of friends.

Answer 3

My wife and I have Primerica level term. She is the primary, I am a spouse rider and after our son is born we will add a child rider that will cover his older sister, him and any future child- one main policy fee with a couple extra rider fees. It is guaranteed renewable with no medical follow up. After ten years, out policy face amount will double, again without medical questions. This is due to a 10% incrase each year for first ten. We have terminal illness rider, automatically attached to every policy.

Thanks for the thumbs down Insurance Guy. Can you see the vituperation from the insurance industry about Primerica? Universal Life, EIUL< VUL and Variable life ALL came about after Primerica kicked Prudentials' butt from late 70's thru the 80's. These products came to challenge "Buy term and Invest the Difference." The FTC weighed their judgement about whole life and what the insurance industry did to American families.

Insurance Guy, I Challenge you to prove that our products are more expensive!! Show me one of you level term policies with ALL of what we offer- please read the above first paragraph. You may find cheaper insurance but not one that is equally priced for what a client gets. I was an agent with a "normal" insurance company but have switched to PFS because I AM a consultant. I take a look at the Whole picture of a family's finances BEFORE making recommendations.

Answer 4

There are lots of good ones. The A.M. Best company rates insurance companies based on a number of factors, including stability, so check out their ratings. It’s hard to say which is best for your. That depends on your age, your budget, and many other factors. Why not talk to an insurance broker? A broker works with many different companies and can find the best coverage and price for you. To find one, log onto a website like http://www.lifeinsurancewiz.com and request a free quote.

Answer 5

Ask an independent insurance broker to run a spreadsheet for you with the benefits you are looking for.  There will be a really good company somewhere in the top 3-5.