Cheap life insurance is the best way to find life insurance that fits your needs and budget. Finding affordable term life insurance should be easy if you’re in good health. You can compare cheap life insurance policies from the comfort of your home thanks to the internet.
Some policies don’t even need a medical exam. Even though there are a lot of cheap term insurance policies available online, it can be hard to know which company to trust with your insurance needs and the future of your family.
Your best bet is to find reputable and honest companies and then compare prices for the amount of coverage you want from each. Since all term policies work the same way in the end, giving your family a lump sum of cash if you die before your policy’s term ends, price is the most important thing to look at.
Cheap Life Insurance Companies Reviews
Any companies on our list would be a good choice for your term insurance needs, but you should still compare them to find out what they do best. You should also look around and compare prices to ensure you get the best deal. These reviews of life insurance companies can help you narrow down your choices.
Bestow
Bestow offers cheap term life insurance for as little as $10 per month. Once you complete a full application, you can get approved online in just a few minutes. One of the finest things about this company is that it doesn’t need medical exams.
Instead, they use technology and complex algorithms to determine how risky you are as a customer and how much you should pay each month. Buying term life insurance from Bestow is also a safe bet since insurers give this company an A+ rating for their financial stability. Bestow lets you borrow money for up to 30 years, and the application process can be done online.
Ladder
A ladder is another online life insurance company where you can fill out a full request and get coverage in a few minutes. This company says their technology to figure out rates and coverage options will lower prices. Since they do everything online, they can also extend policies without hiring many life insurance agents.
One interesting thing about Ladder coverage is that they tell you to “ladder” your protection over time. This entails ensuring that you have greater life insurance coverage when needed and less coverage as your needs vary over time. This means that you pay for the life insurance you need when you need it.
Haven Life
Haven Life is another term life insurance corporation that has become more popular recently. This company makes it easy to apply for life insurance online and get approved in just a few minutes. You can obtain a policy without a medical exam if you meet certain requirements, and you can choose the length of your policy based on your needs.
Haven Life even lets you estimate your rate online without filling out a full application, which makes it much easier to compare prices. Also, remember that Haven Life laws are backed by MassMutual, one of the country’s most reliable and well-known insurance companies. The company may also have some of the cheapest term insurance plans you can buy right now. For example, they advertise that a 20-year policy for $250,000 costs as little as $14.99 per month.
AIG Straight
AIG Direct is another insurance company on our list because its prices are reasonable and its policies are good. This company says that a 20-year, $250,000 term policy costs as little as $14 per month. You can also get a free life insurance term quote online with no obligation, which makes it easy to compare the price for the amount of coverage you need.
Life insurance, as well as other types of coverage, have been offered by AIG Companies for more than 100 years. This means that they have a long history of being financially stable. If you buy a policy from AIG Direct, you will always have coverage if you need it. Also, remember that if you want to talk to an agent, you can call AIG Direct and speak to an agent through the phone about your coverage needs.
Health IQ
Health IQ provides term life insurance specially made for people who care more than most about their health. This company says they can offer term life insurance for up to 41% less than their competitors because they focus on customers in good health.
You can qualify if you live a healthy lifestyle in many ways, but Health IQ focuses on people who can run a mile in eight minutes, bike 50 miles or more per week, or deadlift their body weight. They also pay attention to customers who have been going to the gym for at least a year.
But you should know that Health IQ is an aggregator. You can use their platform to compare prices from more than 30 insurance companies. This is a big benefit because Health IQ lets you “shop around” with different insurance companies all in one place. However, it’s important to know that your real policy will come from a separate company, not Health IQ.
Prudential
Prudential is another well-known company that lets you buy term life insurance online. You can talk to a licensed insurance agent at their customer service centre or start your life insurance policy online from the support of your home.
A.M. Best gives Prudential an A+ rating, which means that if you buy a policy from them, you can be sure it will be there when you need it. This company also has cheap policies for people who aren’t always “young.” For example, a ten-year term policy for $100,000 for a 50-year-old man starts at just $22 per month.
Filling out some simple information on Prudential’s website is the most efficient way to determine how much you’ll have to pay for term life insurance. You’ll be able to make your coverage fit your needs, including the amount of coverage you desire and how long you desire it to last.
