If you have dependents such as a spouse, partner, or children, life insurance is a must. The sooner you can get life insurance after you have depends, the cheaper and better. But how do you compare life insurance quotes when there are so many options?
Let's review the main questions you should ask before getting life insurance in the first place. And then take a look at how to compare life insurance quotes.
- Do I have people depending on my income to survive? A non-working spouse, children, and retired parents who need financial support are the most common dependents.
- Will my debt be a burden on those I leave behind? The most common type of debt is mortgage debt. Other important debt to consider is high interest consumer debt. The larger your debt and the smaller your equity, the wiser it is to get life insurance.
- Will I die early or before my dependents have a chance to become independent? Males die earlier than females. Meanwhile, if you have a history of health problems, you will likely die earlier than those dependent who are healthier. You know your body the best, even more than the health tests administered to those who get $1M policies or greater.
Once your mortgage is paid off, or you're retired, or your kids have graduated college, you really don't need life insurance anymore.
Policygenius is a free online marketplace that acts as your one stop shop for all sorts of insurance policies. This includes life insurance, disability insurance, health insurance, homeowners insurance, renters insurance, and so much more.
Compare Life Insurance Quotes
Term life insurance is the most popular type of life insurance today that meets most people's needs. If you want to look beyond term life insurance, however, you can explore all the different types of life insurance here.
Policygenius is a website that allows you to compare life insurance quotes from the best carriers all in one place. They walk you through the insurance purchasing process step by step from start to finish.
I've personally met with the co-founders, Jennifer Fitzgerald and Francois de Lame, several times since the company's founding in 2014. And I believe they've got a great culture, a fantastic product, and are the best life insurance comparison marketplace today.
Since Policygenius is not an actual insurance company, they are unbiased and will never sell your information. Their licensed experts advocate for you to help you find the best policy for your needs regardless of which carrier you choose.
You can start by filling out your ZIP Code on Policygenius’s home page. This lets them ensure that you’re in a state where they’re a licensed broker. Then you can input your information for different types of life insurance. Once PolicyGenius has your basic information, you can compare different life insurance quotes side by side. That way you can choose the policy that’s most cost-effective for your needs.
Here's a sample screenshot of how you can compare life insurance plans and review the best options recommended by Policygenius. It's easy to modify the coverage amount and term length to compare additional quotes for free.
Check out our extensive Policygenius review to learn even more.
Compare Policies With The Best Life Insurance Carriers
One thing to note is that Policygenius doesn’t work with any just any insurance company. They vet companies for financial stability, to insure you get the best insurance carriers possible. After all, if your insurance company goes bust, you'll be hard-pressed to collect any life insurance.
The companies that quote on Policygenius have solid financial ratings and are likely to be in business for years to come.
Once you've compared life insurance policies and find one you like best, you can then apply directly and securely through Policygenius. Policygenius’s licensed advisors handle the rest of the process and will contact you if they need any more information.
Policygenius only gets paid if you choose to purchase an insurance policy through them. And don't worry about paying more for their services. There's no extra cost for using Policygenius. They can actually help ensure you get the best rates possible because they advocate on your behalf.
How Do I Choose A Life Insurance Policy?
The easiest way to compare life insurance policies and choose one is to utilize their Insurance Checkup tool. You simply input your basic information to start. Then it assesses things like your general level of worry, your ability to handle financial risks, and your family and financial situation.
The tool is pretty comprehensive and even asks for balances on your debts and information on your current insurance coverage.
The Insurance Checkup tool can also be a good place to begin if you’re looking for potential gaps in your insurance coverage.
Compare Other Types Of Insurance With Policygenius
Policygenius is most well known for their life insurance marketplace that makes it super easy to compare life insurance policies. But, they've grown tremendously over the last few years and now have quotes for many other types of insurance.
- Life insurance
- Homeowners insurance
- Renters insurance
- Disability insurance
- Auto insurance
- Health insurance
If you haven’t shopped around for these other insurance options recently, check out Policygenius to see if you can get a better deal than your current coverage.
If you want to learn more about Policygenius, here are some additional articles for further information
Life Insurance Is A Must
Don't mess around with your life if you have dependents. Be responsible and get a term life insurance policy that will cover all your costs in case of an untimely death. Providing financial security after you are gone is the least you can do.
Term life insurance is the best way to go due to the cost and the purpose. Check out Policygenius so you can see various tailored quotes all in one place instead of having to go carrier by carrier. PolicyGenius screens all the carriers and provides you the most custom policy for your needs.
For more information about life insurance, check out my comprehensive life insurance resource page here.