When you shop for life insurance, look for things such as products offered and years a company has sold insurance. Many companies offer life insurance but once you read the fine print, the offer does not seem so great. A few companies do stand out from the rest when it comes to offering the best life insurance.

The Best Insurance

Shopping for life insurance can leave you feeling confused and overwhelmed, but you have just two basic choices: term life and whole life. Term life insurance allows you to carry a policy with a large face value for low monthly premiums. There are not a lot of requirements and you can purchase a policy of $500,000 for roughly $1,300 per year. Term life, however, expires at the end of a certain age. The ages can range from 82-87. The insurance companies go by average life expectancy of both men and women. You cannot build cash value and you do not earn any interest on term life insurance. With whole life, you can build a cash value and borrow against the policy if you need cash. These polices run the course of your life span but cost more. With whole life, you have an option of making your policy part of your estate planning; you can will the policy to one person or divide the funds among several people. A good insurance company should have a rating in the Standard and Poor's business rating system. One of the highest rated companies is Allstate, a firm that has been around for years, but also has one of the highest S&P business ratings. Allstate will offer you life insurance products that serve a savings vehicle as well. You can an interest yield a small percentage higher than traditional banks offer. Allstate will also review your policy periodically to assess it for policy changes. Allstate issues payouts on polices in a timely manner and is also rated one of highest in customer satisfaction.

Source:

Insure

Resource:

Allstate Insurance