Investing in life insurance is one of the most responsible choices that you can make as an adult. Not only is it sure to help safeguard your family’s financial situation and future, but it will also provide you with the peace of mind necessary to be able to enjoy life and truly live in the moment. Luckily, you will be sure to find the best quotes when you visit iQuoteHub!
Life Insurance to Protect your Family
These are just a few reasons why people all over the country turn to us for help when looking for the best life insurance:
- We make it easy for you to gain access to a number of different life insurance quotes from an assortment of providers in a matter of minutes, all of which will be customized to suit your needs and budget.
- We are your one-stop insurance shop. Now you don’t have to visit multiple websites or get in touch with multiple companies. We make it possible for you to compare quotes side-by-side.
You can be certain that you will be investing in quality, reliable insurance as we have partnered with only the best and most reputable life insurance companies out there.
Getting the Best Life Insurance Quotes
Here at iQuoteHub, we specialize in sourcing the best life insurance quotes on your behalf. All that you have to do is fill in a simple online form detailing your needs, expectations and budgetary constraints, and we will recommend the best life insurance providers accordingly. Quotes that we present you with have been tailored to fit in with your requirements.
How Does Life Insurance Work?
When you invest in life insurance, you will have to nominate the main beneficiary. This is the person who will receive the payout from your policy in the event of your untimely passing. When you die, the amount payable as stipulated in your contract will be transferred to your beneficiary who may choose to use it how he or she pleases. This may include paying for the funeral, paying off a mortgage, replacing income or setting it aside to pay for your children’s education and day-to-day living expenses.
Two Main Types of Life Insurance
There are generally two main types of life insurance:
- Permanent insurance, and
- Term insurance.
Permanent insurance pays a death benefit to your beneficiary regardless of when you die as long as the policy is in force. There are two main types of permanent insurance to choose from, namely whole life and universal life. The vast majority of whole life policies offer a fixed premium, which means that the monthly amount that you pay will remain the same for the entire duration of the policy. Other permanent insurance policies that you may want to consider investing in include variable life and variable-universal life.
Term insurance, on the other hand, pays a death benefit to your beneficiary only if you die during the term of an active policy until age 95.
Simplified Issue and Fully Underwritten Life Insurance Policies – What’s the Difference?
When applying for life insurance, you will have a choice between a simplified issue policy and a fully underwritten policy. If you opt for the former, you will only be required to answer questions about the state of your health when filling in the application forms. Unlike with fully underwritten policies, you will not need to undergo a medical exam. Keep in mind, however, that simplified issue policies can be quite a lot more expensive than their fully underwritten counterparts. Also, if you do choose to go with a fully underwritten policy and all of your medical exam results demonstrate that you are, in fact, in good health, an even lower premium is obtainable.
Are you interested in learning more about life insurance and why it is so important? If so, do not hesitate to get in touch with the iQuoteHub team today! Contact us for competitive quotes today.