Are you overwhelmed by the thought of buying life insurance? You’re not alone. With so many options to pick from, it can be hard to choose.

Back in the day, purchasing life insurance meant meeting with a salesperson to get a quote and sometimes it required a complicated medical exam. Luckily, you have better options than your grandparents did.

Here are some providers of term life insurance that are making it easier than ever to get the coverage you need.

Quotacy

As one of the first online comparison tools for buying life insurance, Quotacy streamlines the process. Getting a quote is quick and easy, and you don’t even have to provide your contact information. If you’re shopping for life insurance online, spending about five minutes with Quotacy can get you multiple options to pick from.

In addition to term life insurance, they offer whole life and disability insurance, too. Sticking with a term policy is usually your best bet, and Quotacy has plans from 10 to 40 years available. Coverage starts at $50,000 and can go up to $25 million or more.

Like with most life insurance options, your age plays a factor in your rates and policy availability. The younger you are when you apply generally means you’ll pay less for coverage. But if you’re aged 16 to 80, shopping online with Quotacy could qualify you for a great rate.

Life Insurance FAQs

Buying life insurance is one of those things in life you might not think about until it’s too late. But life is fleeting. Knowing your loved ones are protected if the worst should happen can bring you peace of mind.

Who should apply for life insurance?

If anyone relies on you as a source of income, it’s likely you need life insurance. Surviving spouses can face higher poverty rates and higher debt after a primary income earner passes away. This means single moms and dads, couples, parents, stay-at-home moms, and retirees can often benefit from coverage under a term policy.

How much life insurance is enough?

One of the hardest parts about buying life insurance is knowing how much coverage to get. It’s nearly impossible to calculate the amount down to the penny. But to get a ballpark number, you can multiply your wages by 8-10. If you have a young child, adding $100,000 for college costs to 10x your wages is a good start, too.

How can I find the best rates?

When buying term life insurance, your rate is largely dependent upon your age. The younger you are, the less expensive it is to buy a policy. To find the best prices, you can skip the phone and go straight online. Instead of spending hours talking with an insurance agent, getting an instant quote for term life insurance is possible from each of the five companies listed above.

Final Thoughts on Term Life Insurance Providers

The process of getting a term life insurance quote is simple and straightforward. Answering a few health questions is enough to know if you qualify for coverage, often without a health exam. For instance, if Quotacy approves you for coverage, there’s no requirement to take a medical exam.

Buying life insurance was once a hassle. Now, it’s quickly done online from the convenience of your home. Policies are affordable and can start for just a few dollars per month. That means skipping the coffee counter only once a month could buy the peace of mind that comes from knowing your family is protected.

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Do you have Term Life Insurance? What do you think of these term life insurance providers we reviewed?

Please let us know in the comments below!

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