The Life Insurance Company For all your insurance needs

I’ve been looking all afternoon for a site that you can fill out your information and get a quote instantly. I need this for a school project, but I’ve been given the run around on sites, had one demand payment before telling me the terms (didn’t give them any bank or credit info for that) one that said they didn’t have anything in my area for me, but had the nerve to call anyway and they couldn’t get off the phone fast enough when I said it was for school(that was the main reason I opted for the online research- I don’t like talking on the phone with people who assume I know nothing and they can take advantage of me). I’ve already comprise a sites I’ll never buy insurance from, but my teacher wants quotes from 2 companies on both term and whole life insurance. Please help!

Try this site

bestinsurance.notlong.com

Here you can compare quotes from different companies

My father is 60, smoker and taking Zocor. Normal weight. The quotes I have seen for a 10 yr term for $150,000 are $180 a month. Does that seem right? Anyone know a cheaper one? Basically I inherit the house while my relative gets the cash, so it’s all fair. I would make the payments and leave my relative as the beneficiary. Thanks
the reason I have to get the life ins is because he is leaving me the swanky $400K California home. Meanwhile I have to give my sister $150K in cash to make it even (per my father). Since I don’t have that kind of cash (I’m 35) I need life ins now in case he passes away this decade. My father wants me to take out a 2nd mtg upon his death, but I told him that would add $700 monthly to the existing mortgage payment for 30 years (I pay that too) so I’d rather pay $200 for 15 years now. Oh and he’s on board. He knows I would have to sell the house to pay off my sister, so this is the only way to have the cash. All good answers! I will probably get a 15 year term and worry about what I’ll do if he lives to be 75.
in the history of may family 1 male lived past 70. that’s why I think if I insure him till 75 I’l be fine. The L.A. house is worth $400K but we owe $80K. I’ll have no problem paying the mtg and bills, since I do it now. However if he died tomorrow, and I owed my sis $150K, I’d be screwed and have to sell. All the answers are taking into account that he’ll live past 75 and I should save the money instead, but I’m worried about him getting by a bus tomorrow and me having to sell the house. I don;t want the cash, I want to keep the house. I graduated high school from that house

I can think of few reasons for a person of this age to have term coverage. Most scenarios requiring life insurance for someone in or near retirement call for the policy to be in force upon death, nor matter how far away that might be. This being the case, permanent coverage is the only option.

ADDED: Your added information confirms my comments. If the insurance lapses before your father’s death, your whole situation unravels. You MUST have permanent coverage; term is not an option.

I’m really just looking for a starting point. I want to be able to take my time and look at quotes WITHOUT getting bombarded with a million phone calls. Thanks for your help.

Look out! Most of these websites will bombard you with phone call after phone call, because all they do is gather information and send it to about 10 agents who "purchase" leads. Instead, do some research for a qualified broker.

If you would like, I can email you quotes tomorrow.

Tim@Timothyclarkeinsurance.com

I am looking for a term life policy which pays $5-$10K. All of the major companies I searched for do not give online quotes and the services that do offer online quotes start at $100K.
It is for burial purposes. The amount is low because that is all it would cost and because the monthly premiums have to be low over and paid over as little time as possible.
Every time I try getting a quote online it does not give it to me and has a form for an agent to contact me. When I call a local agent, they do not give me any details and are not helpful if I can even get a hold of them.
Doris: went to toplifeinsurance.They do not sell burial policies in California.
Richard: That link was a guide to several insurance companies but they wont give quotes online and have a contact form for a salesman to call me.
I want life insurance because if something happens they will pay out for burial no matter when you go, but a burial plan does not bury you unless you are paid in full. If I have no one else to do that, I have to have life insurance to leave the money with someone to do that.
Henry: That was a good web link you gave. The insurance companies there could not sell a policy for less than $100K and they are not the highest rated companies. Thanks.
I have to pick Best Answer but everyone send good answers. I found out that term life won’t work because of the high policy amount & the 10-year limit. Thanks to all.

What could possibly be the purpose of a term policy for this small an amount?

Term insurance is temporary insurance; it is for temporary needs only. A death benefit this low could likely only be a burial policy. Such a policy is worthless unless it is guaranteed to be in force when the insured dies. That means that permanent coverage is required.

Here is a little background info…I am a month away from joining the navy and going to flight school, I am 26 no health problems and my wife is 23 with no health problems. I went to get car insurance and the lady suggested i get life insurance now why I am still considered a substitute teacher. She said once I join the military It will require A lot more info and also my career will be considered hazordous. Does this sound right? And finally she just did a quick quaote and to cover my wife and myself each for 250k it will cost just under 70 dollars. This is also whole life not term and she said after a certain amount of time I could also cash the policy out and even make money ( something like 30 yrs). Does all this sound legit and does the quote sound reasonable, it was also state farm if that makes a difference. Thanks

There’s a lot of different topics working here. With regards to those from whom you take financial advice, remember two things: Anyone who makes a blanket statement that whole or permanent life insurance is automatically a bad idea hasn’t a clue about life insurance; and most agents selling auto insurance don’t either. Anyone who refers to cash value as a savings or investment plan or component (although there are appropriate applications for this) doesn’t understand the purpose of cash value.

Life insurance should not be treated as an insurance product. It is an intricate financial tool to be employed as part of a complete financial plan. The "buy term and invest the difference" philosophy is often hard to argue with, except that it is based on several assumptions that simply don’t ring true for most people. There are also scenarios where permanent life insurance is the ONLY responsible option.

As far as the military and flight school, this isn’t a big issue either. War zone exclusions and policy rating based on aviation are very common, but will likely have litte effect on your insurability. While I’m not necessarily advocating lying to your carrier, a policy more than two years old must pay a death benefit regardless of the circumstances surrounding one’s death unless it is due to an activity specifically stated as an exclusion in the policy (contestibility rule).

I am an 11-year financial planner, head of the nation’s largest nonprofit financial advisory network, and a former military aviator; so I have a pretty good starting point in comprehending your situation. You should find the link below helpful in finding your answers.

I’m trying to get insurance for my mom through Colonial Penn. I’m so lost right now. If something happens to her I want all of burial cost to be covered. She’s 48 with minor health problems. I got a quote for Whole Life $60.48, Term Life $18.45. Big difference. I’ve been reading that Whole Life insurance ia a rip-off but I’m still confused. Can you guys please help me. Thanks a bunch! :

You can clearly see Whole Life is already a ripoff by the fact is 3 times more expensive than term insurance. Its expensive because whole life insurance builds cash value and term insurance doesn’t. But here are some other reasons on how whole life is a ripoff:
1) Cash value gets a low rate of return of 1 to 3%. No cash value is accumulated in first 2 years.
2) If you wanted to take money out, you will be borrowing and paying loan interest of 8%
3) If your mom dies, death claim will be paid to the beneficiary, but all the cash value is kept by the insurance company.

With whole life insurance, you are paying for 2 parts (insurance and the cash value). However, you can only get one back. You can get the cash value if you cancel the policy, but surrender charges will apply and the insurance will cancel. You will get the death benefit if your mom dies, but lose the cash value.

With term insurance, it doesn’t build cash value. That’s why its very cheap. Term insurance provides coverage for a temporary amount of time. At the end of the term, you may renew it or cancel it. If you renew, premiums will be base on your mom’s current age, so it will be more expensive in the future. If you got your mom a 20 year level term and invested the difference of $42/month for the next 20 years, you can get about $24,903 with an 8% rate of return. Where can you get 8% or higher return? You can achieve that by investing in mutual funds. This part is going to be hard for you since no one at Colonial Penn can help you invest your money. I use Primerica Financial Services to help me invest my money. They help me find investments that meets my goals. I currently invest $400/month with them and I’m satisfied with their help. My investments has an average annual return of 12% in the past 30 years.

Anyway, in 20 years, is $24000 good enough to pay for funeral costs? Even if you put $42/month for 20 years away in a box (which gets 0% interest), you will have $10,080. I wouldn’t recommend you do that, but my point is that you should always keep life insurance and your savings separate and you can only achieve this by buying term insurance. If your mom dies during the term, you will get both the death benefit and all the money you saved. If she outlives the term, at least you will have $10,000 or more saved.

I’m trying to get insurance for my mom through Colonial Penn. I’m so lost right now. If something happens to her I want all of burial cost to be covered. She’s 48 with minor health problems. I got a quote for Whole Life $60.48, Term Life $18.45. Big difference. I’ve been reading that Whole Life insurance ia a rip-off but I’m still confused. Can you guys please help me. Thanks a bunch!

I can hear your frustration. You need to sit down with an adviser.

You say that you want burial costs covered. Being 48 years-old with minor health problems could mean that she will live a long time – it could be as much as 30 years.

Whole Life is known as a rip-off is a very general statement to make. You need to find out why so many people purchase this product if it is a rip-off. Could it be because the Term Life Rates go up so much as a person gets older? What if you do buy the Term and then mom’s health gets worse – will she be able to qualify for insurance at that point?

There are many life insurance companies and they all have slightly different products. You need to ask around and find someone that you can trust who has quite a few different markets to compare. Then sit down and talk about where you want things to be. Maybe you should be looking at some long term care for mom – will her health deteriorate quickly? How will you pay for her care?

Take your time. Do your research. Find what you need for your situation. You should feel good about the decision that you make.

Good luck!