HOW MUCH DO LIFE INSURANCE QUOTES COST?

Nothing. You should never pay for insurance quotes. Visit Insure4Less for FREE LIFE INSURANCE QUOTES now!

Life insurance is a policy that will protect your family and your specified dependents in the undesirable event of your passing. Because life is unpredictable, life insurance helps ensure your loved ones are taken care of regardless of what may happen to you.

There are many options for life insurance coverage with three main categories: term life, universal life, and whole life insurance.

Term life is the simplest and least expensive type of policy. It’s pure insurance with no cash value account. A term life policy has only one function: to pay a specific lump sum to whoever you’ve designated upon your death.

Whole life insurance provides permanent protection for your dependents while building a cash value account. With this type of insurance, the insurance company manages the policies various accounts.

Universal life insurance provides permanent protection for your dependents and is more flexible than whole or variable life.

A good rule of thumb when deciding how much life insurance you should take is to aim for a policy that will cover 2-6 times your annual income. If your yearly income is $50,000, then a policy from $100,000 - $300,000 should be sufficient. Again, it depends on your personal situation. Take into consideration the rate of inflation, potential college tuition costs, or large loans and home mortgages. If you have two children who plan on attending college, current tuition prices range anywhere from $10,000 - $30,000 per year, with the high end range focusing on private universities. Expect that range to increase anywhere from 5-10% within the next 5 years.

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