While there isn’t really such a thing as the most affordable life insurance company, there is such a thing as the most affordable life insurance company for you. Life insurance companies determine rates by your age, sex, build, tobacco use and health conditions. If you are fairly healthy, you can simply run quotes on our quoter to the right.
But when it comes to life insurance companies and affordability you may want to consider a few things.
Your Health
If you have any health issues that may be considered a HIGH RISK by the life insurance company, then the lowest quote on the quote engine isn’t necessarily going to be the lowest quote for you. Each company weighs certain risks differently. For example, some companies are more lenient towards cigar smokers and may give the ability to qualify for non smoker rates. Other companies may outright decline you for diabetes, while some may just give you a rate up. If you think you may fall into the high risk category please contact us here and let us know why. As an independent agency with years of experience, we specialize in placing clients with the company that provides the most favorable result with certain conditions.
Life Insurance Company Rating
Life Insurance companies are rated by rating agencies such as A.M. Best, S&P, and Moody’s. The grading scale ranges from A++ (being the best) and F being the worst. What these grades determine is the financial strength of the company. As the first online life insurance marketplace we make sure to only represent A rated companies because they are usually the ones with a proven track record and strong financial backing. While there are “more affordable” options with lower grade companies, it’s still best to steer clear of any company below a B rating and/or the agent offering it. For a list of all life insurance company ratings you can visit A.M. Best. Once you compare between a few companies it’s also good to google customer reviews or speak to your agent regarding their customer service. If you ever need to make changes, or your beneficiaries need to claim the money, you want it to be a seamless process.
Run Your Quotes
Overall you want to make sure you work with a good company and find the best rate on the market for the product you want to secure. You can compare between term life, no medical exam, and permanent life insurance products on our site and get the most affordable company for your life insurance needs. Feel free to run quotes by clicking on our sidebar or our life insurance quotes tab up top. For any assistance, feel free to call us at 888-492-1967 or chat us up if it’s not too late.
