There are a lot of factors determining the cost of life insurance. First I believe if you stay with all "A rated" carriers you will receive "good" life insurance. The price is determined by factors such as face amount, term of insurance, age, build, health, occupation, life style just to name a few. I would recommend contacting an independent life insurance broker to help you with professionally shopping numerous carriers for the best price for you and your current situation.
First, you need to understand what Good Life Insurance is. Good Life Insurance is the insurance you have in place when you need it, the day you die. That said, what is it you are looking for?
death benefit
supplemental income
living benefits such as Critical Illness & Chronic Illness
Estate Protection
College Savings, etc.
Once you know what your needs are or you identify what is important to you, then you need to find a reputable company who can offer the products which will maximize your benefits with the least amount of premium.
Contact your agent/broker to get some illustrations based on what you are looking for.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
As good life insurance policy is one that is in force the day that you die. I suppose you could speculate that the cheapest life insurance policy is one that was scheduled to reach the end of its term the day following your death. If you know when you are going to die, I can tell you which policy is cheapest. Since few of us know this the choice we generally make is which policy will give me all the coverage that I need during the time frames in which I need it. As for the name of the company, please understand that life insurance companies are highly regulated. Your state insurance commissioner’s job is to make sure that the death claim is paid when it is owed. Money from a B- insurance company is just as negotiable as an A+ company.
Ironically, the price of life insurance from poorly rated companies is often higher than the price of life insurance from highly rated companies. Good life insurance can be purchased at very competitive rates. You can input your information into a quote engine online to see what the cost would be for you.
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death benefit
supplemental income
living benefits such as Critical Illness & Chronic Illness
Estate Protection
College Savings, etc.
Once you know what your needs are or you identify what is important to you, then you need to find a reputable company who can offer the products which will maximize your benefits with the least amount of premium.
Contact your agent/broker to get some illustrations based on what you are looking for.