I am 20 and my husband is 27 and we need to get life insurance. What is the best place to go thru?

Question

And how much would it be do you think?

Answer 1

I'd start with a referral; talk with friends and family and see which agent they use. Can't find one that way, get a referral from the people who do your auto and home.

You're best bet would be an independent agent who writes through a number of insurers. Preferably someone with three or more years of experience, some certifications (LUTC or ChFC) and some stability in her business. If you're in Ohio, I know a guy.

If you don't smoke or have health issues, I'd guess both of you would cost less than $100 month for $500K in insurance each. Sounds like a lot, but you'll grow into it.

Good luck

Answer 2

The best place to go thru is some where that will give you multiple quotes from top-rated insurers with no obligation and no sales-pressure so you can make your own decision without being pressured by a salesperson.

If you are young and want to get the most life insurance at the most affordable rate, given your age, you may want to consider 20 or 30 year level term life insurance.

If you and your husband are healthy, the cost should be very reasonable.

One place you can compare free quotes online with no obligation is at https://www.efinancial.com/smartquoteefc.aspx?source=389-777 They give you up to 12 quotes (or more) instantly. The quotes are side-by-side and offer the lowest rates from over 70 leading life insurance companies. If you like your quotes, you can apply online.

I hope that helps! Best of luck to you.

P.S. - You want to compare several quotes first because rates may vary by up to 50% between insurance companies.

Answer 3

It does not matter if you go thru a broker, cative agent, or an independent agent as long as that person is working for YOUR best interest and not their own. Be sure that you get a complimentary financial needs analysis, By complimentary, I mean the person will not charge you a fee and they will not ask for your business if they can not help you.

Do you have kids? Do both of you work? How difficult would month to month living be if either one of you died suddenly? Not taking into account the emotional cost, which is bad enough. Do you have enough in liquid assets to cover ten years or more of living expenses?

A yes to any, most or all of these means that insurance is necessary. You ask how much. That is why you need to have a financial needs analysis completed for you. This will show your net worth, what you will need to save for a comfortable retirement, how much and where your money is going each month, a plan to help get you out of debt ASAP, and how much, EXACTLY, you would need for insurance. The only charge is for referrals. Wouldn't you give them out, anyway, if you were helped out? If a plan were put together and help was there, you would be asked for referrals; if no help could be provided, none would beasked for and no business would take place.

Answer 4

Someone who has experience and is not captive (has responsibilities to an insurance company) will be your best bet. At your age, life insurance could be dirt cheap if you are in reasonable health. Focus on the amount of coverage first and then the type because if one of you passes away it's more important that the check is big enough than what type of policy you had.

Also ask about disability insurance, because your chances of being sick or hurt for more than 90 days is higher than dying during your working years.

Answer 5

There are two basic kinds of life insurance. "Whole life,' or "participating life," or similar names are policies that build up a cash value and if you keep and pay them, will eventually give you a paid-up policy you won't have to pay any more. (It's your money plus interest, so the insurance company is not making any gift to you.)

The other kind is called "term life," also called "pure insurance." You get no cash value, but the premiums are often less than the whole life policies. The cheapest premiums tend to be from savings banks participating in SBLI (Savings Bank Life Insurance).

Since you are just starting out, and you will need car insurance, renter's or homeowner's insurance, etc., you might want to start a relationship with an insurance broker or agent rather than shop around online. Make sure any company you buy insurance from is highly rated and licenses in your state.

The amount of life insurance is determined by what the insured earns, since the idea is to replace that income if that wage-earner or income-producer dies. You add about $10,000 if you want a decent funeral and burial.

Answer 6

The best way to find a good company and policy is to contact an independent life insurance broker. A broker works with several life insurance companies, not just one, and knows the which ones offer the best coverage at the best rate, depending on individual situations. Since the broker wants to stay in business and gain referrals, he or she will point you only to reputable companies.

To find a broker in your area, log on to a site like http://www.lifeinsurancewiz.com and complete the “request a quote” form. The form will go to a broker in your area who will contact you. The quote is free, and you are not obligated to buy. Good luck!

Answer 7

Best place is through your local agent that you already use. He can get you a variety of quotes. If you're healthy, you should be able to get $250,000 of 20 year term, renewable and convertible, for about $150 A YEAR. Each.

Answer 8

Check with you auto insurance company. Some, like State Farm, offer life insurance and buying it reduces the rate of your car insurance.

Answer 9

if your in California i can help you to get a good insurance...
let me know if your interested
jack k

Answer 10

If you are in India means LIC really worth