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We Answer Your Questions

Here are the answers to the most commonly asked questions about purchasing a policy online.

Why is term life cheaper than permanent alternatives?

Whole life accumulates cash value over time. With permanent policies, a portion of the policyholder's premiums goes toward investment purposes. Even when coverage ceases, the plan still retains cash value that the policyholder may use as he/she pleases. Term, on the other hand, does not have cash value. The premiums go solely toward the cost of coverage, not investments, which is why they tend to be cheaper.

Who should buy coverage?

If you have anyone who depends on you, you should look into affordable life insurance online. You might have a spouse, child, aging parent, or even a sibling who depends on you for economic support and/or care. If you died, a policy would provide for your dependents' needs.

Should I buy whole or term life?

If you are between the ages of 20 and 50, a temporary plan is usually preferable to the permanent ones. Permanent coverage typically only makes sense for affluent people over the age of 60. Most financial experts advise consumers to purchase a term plan and invest what they save on premiums in doing so.

What's the difference between an agent and a broker?

An insurance agent works for only one company and is permitted only to sell that company's products. A broker, on the other hand, is an independent professional who represents multiple insurers. The objective of the broker is to find the option that best fits the client's needs rather than to push the policies of a particular insurer.

How can I find affordable premiums online?

The best way to find an inexpensive term policy online is to use a site that provides quotes from several providers, not just one. Our site, for example, provides visitors with up to five free quotes on quality plans. The more companies that provide quotes, the more competitive their premiums will be. To receive quotes on our site, you must first fill out our sign-up form. We will then instantly show you at least four different quotes.

Lady standing with arm around older man from behindHow long should the term of my policy be?

Your policy's term should be long enough to support your dependents until they die or no longer require financial assistance. For instance, if you have very young children, you may opt for a 30-year plan to see them through college. Likewise, if you take out a policy to provide for your spouse, your agreement should be long enough to carry him/her through until retirement age.

Whatever you do, do not let life insurance lies, myths, or rumors affect your decision before you confirm they are true.

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