Life Insurance Policies???

Question

What is the best life insurance company to go with so that my wife and children will have something in the event of my death?

Answer 1

You can use the quoting tool on my web site and you'll see some tips on what and how much to buy.  It'll also quote ~150 different insurance companies.  There is no "best" company.

An insurance broker can show you multiple policies and they cost nothing to use as they get paid by the insurance company....not by you.

Jeff

Answer 2

It’s hard to say what the best options would be without more information, such as your age and the number of dependents you have (if any). I recommend speaking with an independent insurance broker. A broker works with several companies and can find the best plan and rates for you. To find a broker in your area, log on to a website like http://www.lifeinsurancewiz.com and fill out a form requesting a quote. Your information will be sent to a broker in your area who will contact you. The consultation is free and there is no obligation.

Answer 3

And no one mentioned Western & Southern Life! I'm so disappointed. They have been in business since 1888, over $57 billion in assets. AA+ rating from Standard & Poor's. I could go on and on. And W&S is #1 in the entire nation for payouts. When a death claim needs to be paid, your beneficiaries receive the money in 7 business days or less. If you're in PA, contact me.

Answer 4

As someone else also stated, go through a local agent.  You should also get the policy through a reputable company. Northwestern, New York, Met... Financial stability is important wheny buying life.

I always recommend that people purchase insurance locally through an independent agent, as they will educate and help you on these type of questions.  The best way to do this is to get a quote online using a company like http://www.2insure4less.com/?s=233450  or  http://www.netquote.com.

You should get a number of calls from local agents who can not only help you save money, but can also answer these type of questions.  Local service is a great thing when you have questions..  Good luck calling an 800 number in who knows where.. :)

Best of luck!

Answer 5

It is not so much the company as it is the policy provisions.  Once an insurance policy is issued it can't be canceled unless the insurance company changes everyone's policy.  Just know that.  The type of policy you want is a permanent policy versus a term.  Term insurance while cheap, if over at the end of a term and generally insurance companies rates to extend the policy is not cost effective.  A permanent policy build cash value, later in life you can even take out policy loans and still have your death benefit in tact.  These types of policy's require medical underwriting, but are the best wealth transfer strategy out there today.  Death Benefits are income tax free to the beneficiary. . . doesn't mean you won't have to pay estate taxes.  Best to work with a qualified insurance agent who is aware of the taxation rules on life insurance.  

Can you tell I sell life insurance.  Hope that was helpful.  Standard Life of Indiana is a great company, reasonable rates and good moving parts within the policy.  I have this policy and have had to problems.

Answer 6

Go to a local agency...

preferrably where you insure your cars or house...or both...

You get better prices and service that way...and a reputable company with a good name & claims history (Allstate,  State Farm, Nationwide) with the Multi-line discounts

DO NOT BUY IT ONLINE! It could be a fly-by-night company that will be broke when you die & your family gets nothing

Answer 7

There's no one size fits all best company.  ANY A rated carrier that writes in your state, will be fine.  

Go talk to a couple local, independent agents in your area.