Frequently Asked Questions
What is life insurance?
Life insurance, like insurance for your car or for your house is there to protect against the unexpected. The major difference between life insurance and other types of insurance, however, is that you are guaranteed to collect on it someday, while some people pay for auto insurance their whole lives and never use it. Life insurance provides a lump-sum payment to whomever you designate as a beneficiary in the event of your death as long as your death does not violate the terms of the insurance contract (such as dying by suicide or through another explicitly prohibited activity).
Who needs life insurance?
An easier question might be who doesn’t need life insurance? If you are extremely wealthy, you don’t need life insurance. If you are completely alone in the world with no family or friends to leave behind, you probably don’t need life insurance. Otherwise, if people depend on you to bring home money, or to watch the kids, or just to be there for them, and your loss would strike a hardship, then life insurance can help soften the blow and allow your loved ones to continue without you with a minimum of disruption.
How much does it cost to get a quote?
It costs nothing to get quotes that you can compare side-by-side on this site. In a few minutes, you will be able to see the plans, the costs and choose which you would like to contact for more information or to sign up for a policy right away.
Do you offer life insurance?
No. Neither this site nor its operator is a direct provider of life insurance. Instead, we offer quotes through our network of local and national life insurance providers.
How do I know how much coverage I need?
Typically, if your family relies on your income in any way, you should have a minimum of 10x your annual salary in insurance coverage. So if you make $50,000 per year, a $500,000 policy should be sufficient.
Should I get a rider policy on my child?
That depends on your child, whom you know best. Statistically, children aren’t likely to die. However, if you have a particularly adventurous child or sickly one, then you might want to give serious consideration to an additional rider on your own policy for a small, extra premium amount.
What is an accelerated death benefit?
Accelerated death benefits exist to allow you to draw from your death benefit if you are diagnosed with a terminal illness. For example, if you have a $500,000 policy and are diagnosed with a form of cancer and only given 3 months to live, you will be allowed to draw money from your death benefit. Verification will be required and the amount you draw out in an accelerated benefit will naturally reduce the amount that is payable upon your death. Not all life insurance programs offer this feature, so you will want to check with your agent before signing if this is of interest to you.