Lifeplans.com is an online life insurance marketplace where consumers can obtain pricing information from several life insurance providers at once, while saving you hundreds of dollars.
What is life insurance?
If any mishaps happen and you pass away, your loved ones will receive the beneficiaries of the insurance policy instead of having to struggle with financial difficulties. LifePlans.com offers an online portal where you can quickly get a quote on termly and whole life insurance.
Why choose LifePlans?
Whole Life Insurance
Whole life insurance is a policy that covers your entire life, unlike a term life insurance that covers your life for only a specific period of time. It also includes a saving element paid by your premium. These saving components help you accumulate cash over time because of the fixed rates. It also explains why whole life insurance is more expensive compared to term insurance.
Here are a couple of types of life insurance
Variable Life Insurance: The permanent insurance policy is more tricky. A face value death benefit necessitates you to choose a fixed death benefit. The variable cash value is included in the death benefit.
Final Expense Life Insurance: A burial insurance that offers an affordable and small death benefit to cover interment costs, outstanding debt, or medical bills. Unlike other policies which come with age limits, final expense life insurance is much easier for seniors and healthy-incapacitated individuals.
Universal Life Insurance: One of the most flexible options on the market, life insurance can be adjusted on an individual basis. It offers two advantages for death benefits, including a level of benefit or one that changes according to the policy value. The minimum coverage for universal life insurance starts from $25,000 and exceeds up to $50,00, depending on the age. The policy comes with numerous options including waiver of the monthly deduction for disability, guaranteed insurability, and flexible care benefit rider among others.
Term Life Insurance
Term insurance agreement allows the insurer to pay a specific amount of money to your family in case of your untimely death. Term life insurance is often classified into several categories:
Provides Add-on Riders: Adding a rider to your term life insurance helps you extend your cover benefits. Although you will make additional payments, you will get a comprehensive policy.
Provides Cover Against Eventualities: Life happens, and you can die prematurely.
So, secure your family against major financial setbacks.
Frequently Asked Questions
Monthly life insurance payments vary greatly based on a number of factors such as type of policy, location and individual needs. But before you begin looking for life insurance costs in your area, you should ask yourself a couple of questions
There are a few uncontrollable factors that can increase or decrease your rate, such as your age and gender. The good news is that there are many factors that you can control including your lifestyle and habits that could impact the cost of your life insurance.
Bad habits: For example, smokers usually pay higher rates than non-smokers due to the number of medical conditions associated with smoking, including cancer.
Hobbies and lifestyle: If you sky-dive every weekend or partake in amateur stock car racing, then you might have higher premiums than someone who collects stamps. However, the exact activities insurers consider risky vary by company.
What types of insurance does LifePlans provide?
LifePlans.com provides three types of insurance: Term Life Insurance, Universal Life Insurance, and Whole Life Insurance
Whole Life, the most common type of permanent insurance, not only serves to pay-out your beneficiaries upon your passing, but also has a current cash value that can be borrowed against or cashed-out anytime. Permanent policies are investments and can grow in value whereas term policies do not. The catch is that they often have higher premiums. With flexible policy options plus the best rates and coverage, you can get the most value while saving on your life insurance cost. What’s better is that our service is 100% free, and super-fast! All you have to do is: