The Basics of Life Insurance

The basics of life insurance include choosing: a policy, a level of coverage, and a beneficiary.

Premiums can vary by as much as 50%. Visit Netquote, where you can fill out a short form, select a plan, and input your personal data for a true personalized quote in minutes. Click here to start.

Use Insurecom to compare additional term life and whole life quotes, and get expert advice from an agent in your area, who can help you design a plan that's right for you. Click here to fill out a quick form.

Life Insurance

Life insurance is financial security. In the event of your death, your life insurance policy's death benefit provides your family with the necessary funds to meet your financial obligations and still be financially secure.

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At Netquote, you'll get multiple quotes instantly, and you'll be able to request more information from the insurers with the lowest quotes.

Life insurance beneficiary

The beneficiary is the individual who will receive the life insurance proceeds at the time of your death. (More on choosing the beneficiary)

Types of life insurance

The types of life insurance are term or permanent insurance. The cost of a term life insurance policy is much lower than a permanent life insurance policy.

(More on life insurance policy types)

Level of life insurance coverage

Your level of life insurance coverage depends on your situation - dependents, salary, debts, and standard of living all need to be considered when calculating your level of coverage. (More on life insurance coverage levels)

Next: Your life insurance beneficiary.

For more help . . .

Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process.

Our free life insurance course is designed to help you do just that.

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