Just decided to buy life insurance? You’re not alone. Millions of people have made the decision to purchase a life insurance policy for a variety of reasons. Many people do it for their families, while others do it for themselves. In any case, you probably visited a variety of different websites trying to figure out which company was right for you. Although there are numerous companies out there, in the hopes of making things easier on you, we’ve reviewed your best options. So, if you want to know what type of life insurance policy you should get, what factors you should consider, and how much coverage you need to protect your family in the event that something happens to you, read on.
What Makes a Good Term Life Insurance Company?
A reliable term life insurance company is financially stable, offers competitive coverage across the board, and is positively reviewed by its customers. When shopping around for life insurance, you’ll need to choose a term life insurance company with varied policy options like life insurance riders and temporary coverage.
The best life insurance companies offer a high enough coverage for your needs, which is the size of the death benefit. They should also offer a long enough term length. Some insurance companies may even offer an expedient underwriting process so that you can get life insurance coverage before the five-to-six-week timeline. Ultimately, a reliable life insurance company is one that you can trust to protect your loved ones if you’re no longer around to do so.
Protective
Protective is the best option for cost-effective coverage for individuals in good health. This company is one of the most affordable insurers since it has low premiums for most age groups and it offers the opportunity to lower premiums if your health improves.
Brighthouse
Brighthouse offers competitive pricing for its instant decision policy. The best part is that the low prices don’t take away from the policy’s offerings. Brighthouse also ranks the highest amongst no-medical exam life insurance policies
SBLI
SBLI offers low rates for comprehensive coverage for people aged 18-60. Unlike other no-medical life insurance offerings, smokers aren’t disqualified from getting insured along with individuals who have minor health conditions.