Cheap Life Insurance Q&A Part 2

Does anyone know a good, cheap life insurance company? And what's the best kind of insurance to take out? I know there's term and whole life... which is better to use? I don't plan on dying anytime soon.

The reason why I chose to become an Aflac agent is that I was extremely impressed by the reputation. Of course, we offer extremely cheap rates, but what I really love about Aflac is that our employees get great training so that they can really help their clients. What drew me to them originally was an article that I read in Forbes magazine listing them as one of the 100 most admirable companies because of the way they treat their customers.

If you are in California, I might be able to help you choose the right Aflac life insurance policy to meet your needs. If you are not in California, visit www.aflac.com to find agent near you.

Where can I find cheap life insurance for me and my wife? What is the best web site with online quotes?

Once again, I believe the Aflac offers the absolute best life insurance for your buck. So if you are in California feel free to contact me about Aflac.

Also, you may want to try a website that compares multiple companies at once to get you the best price. Just be sure to check the company's reputation before signing up.

Life: InsureMe.com

What's a cheap life insurance with no health exam? I line except for the heat My father needs life insurance and has health problems. He needs something with low monthly payments, but will provide enough if he has a natural death.

When you get a life insurance:

1. Find out how much coverage you need at the event of death

2. How much I can afford to pay the premium

3. Who do I choose for my beneficiaries.

Usually ten times your annual income would be considered "enough" for face value of the insurance. But you have to consider the mortgage too. Is it enough to cover the mortgage and leave some money for your family to make a living?

If your father is old you probably will need him to take a health exam. If you find a company that claims you do not need one then be vary wary. Very few companies will not require a health exam for older people.

If your father works for the company that provides life insurance, you do not need a health exam up to certain dollar amount. Additionally, buying life insurance through a company's group plan will almost certainly be less than anywhere else because payments are usually taken out of paychecks PRE-tax. That means that you do not pay income tax on the payment. If you pay on your own, you will have to pay income tax. That's could be around a 30% savings.

If your father has a health problem, but the life insurance company is willing to take your father, you should take that chance because cheap life insurance is the best financial products in history.

Where can I find cheap life insurance for my senior citizen in-laws? I read a post on another website suggesting MediCare, but I am not talking about health insurance. They only have term life insurance tied to their current job and they need to retire. They have no burial policy and each is worried about leaving the other with burial expenses and debts. I have seen a few ads online, but when you get to the fine print, they seem mostly like scams. They probably wouldn't get a very good rating if a health exam were required. Probably $15 - $25K max would be the amount needed. They live in Texas if that matters.

Again, I am totally biased, but I know that Aflac has a product that will meet your in-laws needs. That said, if they can up their policy through their work, that would be their best option. Review the because whenever you purchase insurance through your employer does not taxed.

Now with regards to the health exam, you have to consider what a "good rating" is compared to other people of their age. Life insurance is always more expensive when you purchase it at a higher age. For example, a 30 year policy for a 25-year-ol d would be much less expensive than a 30 year policy for a 45-year-ol d because the 25-year-ol d would only be 55 when the policy ends whereas the 45-year-ol d would be 75 years old. Simply put, the older you get the more likely are to die and therefore the more expensive the rates are.

Does any body know of a really cheap life insurance policy for a single parent with children? I have a friend who recently had a loved one pass and the person made no provisions for their final expenses, therefore leaving a mess behind with family members struggling to pay the final expenses. This scared me to death. I'm not making a whole lot of money working but certainly enough to take out a small policy just for now and maybe convert to a larger policy in the future. Any suggestion on what insurance company to go with? I am not looking for $100,000 policy at this point in life but just enough to cover final expense should something unexpected happen.

I’ve linked to articles describing how to choose a life insurance and how to calculate how much life insurance you need. I’ve also linked to online calculators to help you figure it out. Deciding how much life insurance is enough is a very personal decision – what’s right for you might not be right for someone else. I’ve also linked to an article about what to look for in renewable term life insurance.

Your concentration on the life insurance company is a good idea, since your life or disability policy will only be as solid as the financial strength of the insurance company you choose. After you read the articles below and get a firm idea of what kind of policy you’re looking for, try visiting MostChoice.com. You can compare insurance policies online quickly and speak to multiple insurance agents working in your community – all without any obligation. It’s a quick and simple way to swiftly survey the local insurance market, and MostChoice provides information on more than 140 companies with A+ or better financial ratings.

Of course, by now you know my opinion that Aflac offers some of the best cheap life insurance policies around, as one of the best reputation s and industry and will work diligently with you to pick the right policy for your needs. If you are in California, feel free to contact me for assistance. If you are outside of California, visit www.aflac.com to find an agent near you.

MostChoice

Motley Fool Insurance Center

Understanding and Choosing Life Insurance

How Do I Pick a Life Insurance Company?

MSN Money Calculator

What Should I Look for in a Renewable Term Policy?

Compare Insurance Plans Online and Talk to Agents

Cheap Life Insurance Q&A Part 3

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