Whole life insurance policies come in a lot of different shapes, sizes, and prices. You need to compare plans and carriers, but it's also wise to seek professional advice about your options. We'll show you the easiest way to hit two birds with one stone.
Briefly describes the most common whole life insurance policies
Helps you obtain quotes from multiple insurers
Links to in depth guides on universal, variable, and standard whole policies
Premiums can vary by as much as 50% for the same coverage and options, so it pays to get quotes from as many reputable insurers as possible.
With our partner USAA, you can find the ideal combination of premium price and top-notch service that you'd expect from a top-rated carrier.
USAA, normally only offers most of its services to military members, veterans, and their families, however, life insurance is the exception. Now, anyone can get the great pricing and customer service for which the company is known and loved for by their customers.
Click here to get your fast free quote
Let's make one thing clear: we don't recommend whole life insurance. Neither do most insurance experts and consumer advocates. As a strict risk/benefit analysis will always show, the price is just too high.
But for some, it may be the answer when a conservative investment component is needed in a well-rounded portfolio.
Okay, with big words out of the way, let's take a look at the best approach to buying a whole life policy.
Permanent life insurance is complicated purchase, and while the internet can be very useful when it comes to comparison shopping, it's always wise to consult a professional before committing to such a complicated policy.
That said, the internet is a great place to learn about your options, and to get in contact with national and local life insurers who offer the type of policy you seek.
For starters, whole life insurance policies are anything but one-size-fits-all. This will most likely be the most customized and complicated insurance policy you will buy in your lifetime (hence the need for professional help).
As a policyholder, you'll need to choose not only your levels of coverage and monthly policy contribution, but you'll need to decide the on how you'd like the policy structured.
Begin by getting in contact with some agents in your area.
The best way to start is through an insurance matching service like one of our partner carriers, which can put you in touch with several licensed agents in your area who will be only too happy to hear from you. Get started now.
But what you do afterwards is also important. Be careful not to let the policy selection and application process get away from you. Depending on which type of permanent policy you choose, you may need to make investment decisions that will affect the overall "health" of your policy. These decisions will be very similar to ones you would make when choosing a mutual fund or other investment.
Be sure to look to our guides to the three main types of permanent coverage:
Whole life insurance
Universal life insurance
Variable life insurance
But since the quote and contact process takes a little while, go ahead and fill out the short quote form first.