Life Insurance Quotes

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Why insure life? Above all, to protect your family and those who depend on you for financial support. All types of life insurance provide a payout to your beneficiaries in the event of your death, but different types of policies may also provide other benefits. The best way to start learning about your options is to see how easy it is to get that protection.

How much does life insurance cost?

Our calculator gives you the monthly cost for a 20-year term life insurance policy. The policy you end up buying could cost more or less depending on the death benefit (or coverage amount) and type of policy chosen. A policy with a shorter 10-year term will cost less than a 20-year term; permanent life insurance coverage (such as whole or universal life) will cost more. Also, factors such as age, health status, gender, and lifestyle affect your life expectancy along with the cost of a policy – that's why most life insurance companies require a medical exam before you can get coverage.

What are the three types of life insurance?

Term life insurance

This coverage lasts for a limited time, typically 10, 15, 20, or 30 years. It's very easy to get a quote and buy term coverage, and it's also typically more affordable than permanent whole or universal life insurance. However, when your term ends, you're no longer protected – you either have to apply for a new policy at a higher cost (because you're older) or go without. However, many term policies (such as those from Guardian) may let you transition to a permanent policy in the future. You may also be able to get a policy through your employer at a lower group rate.

Whole life insurance

This is permanent life insurance coverage that can provide guaranteed protection for the rest of your life while earning additional cash value that can be used for things like policy loans8. Whole life policies don't expire as long as your regular premiums are paid. Policies from a mutual life insurance company (such as Guardian) may also provide dividends, helping you fund life's other financial opportunities.

Universal life insurance

Like whole life insurance, this type of policy provides permanent protection and can earn additional cash value. However, universal life insurance can give the added flexibility of adjusting your monthly payments within a specific range to help you better deal with changing work circumstances