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In just minutes, we can help you find the right coverage with the right carrier at the right price.
What type of life insurance is right for me?
The most common life insurance choice for individuals and families looking for coverage is term life insurance. Term insurance is typically the most affordable option, is easy to understand and can be a simple way to ensure your loved ones are financially secure should something happen to you. Insurance isn’t always a one-plan-fits-all, though, and there are additional types of life insurance that might be better suited for others—whether it be permanent life insurance or final expense insurance.
At SelectQuote, we get to know your situation to help you find a life insurance policy that best suits your needs. We shop some of the most trusted life insurance companies around on your behalf, compare prices and coverage for you and help you weigh out your options. It takes less than 15 minutes.
Types of Life Insurance
There are many different types of life insurance policies available, and it’s our priority to help you figure out which is the best for you. The main types of life insurance SelectQuote can help you explore include:
Term Life Insurance – Term life insurance is the most affordable way to protect your family’s financial security if something were to happen to you. Term insurance is an easy and inexpensive way to find peace of mind.
Whole Life Insurance – Whole life insurance is one form of permanent life insurance that provides a set amount of coverage for as long as you live (and as long as you pay the monthly premium). As your premiums accrue with a whole life insurance policy, you can often borrow against your policy’s cash value at a time.
Universal Life Insurance – Universal life insurance is another form of permanent life insurance. The value accrues and earns interest as you pay the monthly premium, leading to the opportunity to also have it act as a savings account.
Final Expense Insurance – Final expense insurance – also known as burial insurance—helps cover end-of-life costs including funeral expenses, credit card debt, medical bills and more. One benefit to final expense insurance policies is that most don’t require a medical exam. The different types of final expense insurance available, including guaranteed issue life insurance, simplified issue life insurance and critical illness insurance.
Three Steps to Find the Best Life Insurance for You
Here are three simple steps to help you figure out what kind of life insurance might be the best fit for you.
1. Decide How Much Life Insurance Coverage You Need
The amount of insurance needed varies for everyone, but many aim for 10-12 times their income. Our life insurance calculator can give you a head start to figuring out how much life insurance coverage might be right for you.
2. Get a Free Life Insurance Quote
Getting a free life insurance quote is as easy as connecting with us! We’ll ask you for some personal information and get to know more about your lifestyle, ensuring we’re looking for the kind of coverage that’s right for you. The more information you know before we get started, the more accurate your quote will be.3. Talk to a SelectQuote Life Insurance Agent
Shopping for life insurance on your own can be time consuming and overwhelming, but we make the process quick and convenient. We can help answer any questions you have, and in just minutes, can provide you with unbiased coverage and cost comparisons from the trusted insurance companies we work with.
Still have questions? We’re here to help:
Find the Right Type of Life Insurance for You
The easiest way to discover what kind of life insurance is right for you is by working with SelectQuote. We can quickly help you compare policies and prices from our trusted carrier partners, making sure you’re getting the coverage you need at a rate that works with your budget.
