Loss of a loved one often leads to financial stress in addition to the emotional toll.
Check out these companies life insurance rates.
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Do I need life insurance?
Life insurance is best to protect your family in the event of terminal illness or death. The best life insurance companies will allow you the flexibility to make changes as your life does too. Read more about it here.
Signing up for life insurance will require you to appoint beneficiaries. Your beneficiaries will receive a death benefit for financial support, in the event of your death. Your premium is likely a fixed amount to be paid monthly or yearly.
The price you pay is dependent on the the amount of the death benefit and the length of coverage.
The best time to buy life insurance is when you are young and healthy. Premiums tend to increase as you age.
Experts recommend buying a policy equal to 10 or 12 times your annual income to be sure there is enough money to cover future expenses.
Below are some of the top options when looking into life insurance.
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Where do I get it?
Here is a list of some of the top life insurance companies:
- Principal Financial Group- best overall
- State Farm- best for customer satisfaction
- Haven Life (MassMutual)- cheapest and fastest coverage
- Nationwide- best selection of riders
- Banner Life/ Legal and General America- most flexible option
- Northwestern Mutual- best for earning dividends
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