Although term life insurance looks cheaper when you request free quotes, a whole life insurance quote can be well worth getting. With whole life you are covered for as long as you live and keep paying the premiums and the cost of the policy is stretched over a longer period of time, so you are actually paying less in monthly premiums.
If you want to have a period of time when you don’t have to pay any premiums, you can ask for your whole life quote to calculate the premiums to a certain age. Most people like to have the premiums spread over 30 years because this is usually their working life. Then they can enjoy retirement knowing that they do have whole life insurance and don’t have to pay any more premiums.
Even though the lowest life insurance rates are for term life, if you get whole life insurance at an early age, the cost will be very similar. There are added benefits to getting whole life too. Once you have your insurance policy in place, it won’t run out at the end of the term leaving you without life insurance.
Even if you can’t afford a high payout, you can choose a lower death benefit and upgrade when you can afford it. This gives you the best life insurance for your whole life at the lowest rates. You should buy what you can afford. The difference between a policy that pays out $100,000 and another that pays $125,000 is very little when it comes to the monthly premium. When you are comparing the quotes choose the highest possible payout for the lowest rates.
You’ll never know how much life insurance you can afford if you don’t look around. With the massive range of online whole life insurance quotes available, life insurance protection for your family is only a click away. You are never under any obligation to buy. You only need to contact an agent when you find the lowest life insurance rates that suit you.
Whole life insurance quotes often return lower premiums. Make sure you do your homework, get a number of quotes and make the right comparisons.