When you shop for life insurance, there are more options than ever, which is both good and bad.
The large selection of choices helps keep today's life insurance price very low, but it also means It can be overwhelming to try to figure out which coverage to get and who.
Use this simple guide to compare policies to find the life insurance that suits you.
If you compare the entire life insurance policy …
If you plan to get whole life insurance, a type of permanent life insurance that covers your entire life and contains a cash accumulation component called the policy cash value that can grow over time, Your best bet is to find a good agent to compare whole life insurance policies.
The whole life insurance can be complicated and it is wise to buy it with the help of a professional.
If you compare life insurance …  If you examine term life insurance, which gives you coverage over a fixed period of time (until your children are grown, for example, or until the mortgage is paid), all you need is internet.  As it happens, the Haven Life site is a great place to start your search, even if you decide to get insurance elsewhere (find out why below). Here's how your search is as effective and painless as possible.
Determine Your Length and Coverage
The first step is to choose the term length and coverage amount that you want to get quotes for, for example, a 20-year, $ 500,000 policy.
When you start looking at prices, you can decide that you want a different amount of coverage, but you should keep it consistent when comparing companies to get a true sense of the cost differences between them. 19659002] If you are not sure how much insurance you need, use Haven Life's term life insurance needs calculator to investigate. The calculator helps you figure out which coverage you need regardless of who you stop buying it from.
When comparing quotes, be sure to keep your health information the same – do not write it as "good" on a website and "average" on another, as it will affect the price.
Rate the life insurance company's values
Once you know the length and coverage you obtain use to compare quotes, you must decide which insurers should consider.
Choose companies that look like they will remain for many years to come: If your policy lasts for 20 years, it is important that your life insurance company will still exist during that time. For example,
MassMutual, a well-capitalized life insurance company founded in 1851, is the parent company of Haven Life and the issuer of the Haven Term Policy.
Multi-valuation institutions exist to carry out an analysis and give their opinion on the financial strength and credibility of a life insurance company. Assessments represent the credit rating agency's perception of the financial strength and the ability to meet the contractual obligations that the company considers based on the credit rating agency's independent analysis. A rating is not a guarantee of financial strength, but it can be considered as an indicator.
Think about how easy it is to get a quote
How much information do you need to get a quote? You shouldn't have to give out more than any details – like age, sex, health, state you live in – to get a precise quote for life insurance.
With Haven Life you can give yourself a personal quote online in minutes without asking for much personal information. Remember that quotes are only estimates. Fortunately, it is easy to search online with Haven Life and get your personal price.
The best place to compare is what you feel comfortable with
Actually, everything is there. Some questions are best left to the professionals (Dr. Google is not a substitute for a real doctor), but the term life insurance is one of the things you can figure out online when it suits you.
There are a lot of insurers out there and with a little research you can surely find a policy that can help protect your family at a price you can afford.
Michael Davis is a freelance writer and editor who has covered everything from fashion and music to parenting, work and finance. He has been a chef, restaurateur and record label owner.
Haven Term is a life insurance policy (ICC17DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 and offered exclusively by the Haven Life Insurance Agency, LLC. The number and features of policies and riders may vary by state and may not be available in all states. In New York, Haven Term DTC-NY is 1017. Our license number in California is OK71922 and in Arkansas, 100139527.