Whether your life insurance need is short term or long term, temporary or permanent, meant as an investment or a retirement vehicle, we will give you the best life insurance quotes instantly.
We’ve helped over 10,000 people find affordable life insurance, and will help you get the best possible life insurance rates no matter your situation.
We will compare companies, policies, and rates, to help you determine the right life insurance policy that matches your unique needs.
We Represent Over 20 Life Insurance Companies To Save You Money
Which Type of Life Insurance is Right for You?
Below are the types of policies we can help you find.
Life Insurance Resources
Life insurance can be a confusing topic to some people. Our experienced agents have written over 100 articles on this website to help you better understand how life insurance works. From guides on the different types of life insurance to company reviews, we can help you become smarter and make better decisions about your life insurance policy.
Each section below has over a dozen resources on life insurance written by experts.
- General Life Insurance Information & FAQs
- Different Types of Life Insurance
- Life Insurance Company Reviews
- High-Risk Life Insurance for Different Heath or Medical Issues
- Personal or Family Life Insurance
About Spectrum Insurance Group
We have decades of experience in the life insurance industry. Our licensed agents work with over 20 of the best life insurance companies and compare their rates for you so that you can find the cheapest policy with the best benefits.
Here are just a few of our accomplishments.
- Our team of agents is licensed in all 50 states and the District of Columbia.
- For years, we’ve helped 1000’s of people in all different situations find affordable life insurance.
- Our agents & expert writers have been featured in places like Forbes, Yahoo Finance, NerdWallet, Bloomberg, and the Huffington Post.
With life insurance, every person’s needs are unique. Finding life insurance for diabetics is different than finding life insurance for cancer patients or life insurance for a pilot who is healthy, for example.
We’re dedicated to educating you, and helping you get the right type of life insurance policy for your situation.
You can read any of our over 100 life insurance articles on this site, or fill out our quote tool and call to quickly find the best rates.
Let’s first take some time to answer some of the basic questions about life insurance.
What is Life Insurance?
Life insurance is financial protection for your loved ones in the event of your untimely or unexpected death. Premiums are paid by policy owners, typically monthly, in exchange for protection in the form of a death benefit.
For example, if you purchase a 10 year term life insurance policy for $100,000 in protection, then your family will receive $100,000 in the event of your death during the 10 years, as long as you make your monthly payments.
Types of Life Insurance
Life insurance comes in many forms. The most popular types of life insurance include:
- Term Life Insurance
- Burial Insurance
- Guaranteed Issue Life Insurance
- No Medical Exam Life Insurance
- Whole Life Insurance
Keep in mind, there are features of these types of life insurance that do overlap. Most burial insurance plans, for example, are also whole life insurance policies.
To put it simply, all life insurance products can be reduced into two types of life insurance policies.
1) term life insurance
2) permanent life insurance
There are different types of term life insurance and permanent life insurance that we cover on this website. But know that all policies fall into one of those two categories. You should compare term vs whole life insurance to decide which is best for your needs.
Who Needs Life Insurance?
We recommend life insurance for anyone who has financial dependents. This can include but is not limited to parents, spouses, grandparents, homeowners, business owners and more.
There are other cases where life insurance is a good idea, like for estate planning, or if you want to leave a legacy.
Some of the most common people to purchase life insurance are:
- Seniors over 60
- Families with young children
- People over 50 with dependents
- People with high risk medical conditions
How Much Does Life Insurance Cost?
Life insurance costs vary per person based on a number of different factors:
- Age & Health
- Lifestyle & Occupation
- Family & medical history
- Policy type
For example, life insurance for dialysis patients is going to cost more than a policy for a healthy adult. Even life insurance for smokers with no health problems often experience higher life insurance rates.
Women also receive an average of 10-20% lower life insurance rates because they have a longer life expectancy than men.
If you take a medical exam, you’ll generally get better rates. However if you’re in good health you can get over one million dollars of life insurance without an exam.
Find Your Best Life Insurance Policy Today
Finding the best life insurance policy takes a lot of understanding, time, and effort.
While you can compare instant life insurance rates and policy options online easily, the best way to know you are analyzing the best coverage options for you is to speak with a life insurance agent.
Give us a call today, or get started using our online life insurance quote tool.