Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
There is no one life insurance company that is the best in every category like price, underwriting, policy provisions, or company financial strength. And the best policies for any one person may be different from one policy owner to another based on individual product suitability. And your health history, smoking status, age, gender all contribute the final offer from a life insurance company. Shopping online for coverage can be a good starting point in your research of carriers.
The best life insurance policies vary from person to person. Some people want to use their life insurance for final expenses, or to pass their estate to their children. For them, permanent insurance is best. Some want to protect their family until their children are grown, or until their home is paid off. For them, term insurance may be best.
To find your best life insurance policy, talk over your financial situation with a knowledgeable agent and look at several options. Sometimes getting a couple of different types of life insurance policies works best.
The best life insurance policy is the one that meet your needs. Because life insurance contracts can be custom designed to accommodate your needs, there is no one best life insurance contract.
There is certainly no one carrier that will always have the perfect product for all circumstances so it's wise to seek the advice of an agent who is familiar with several carriers and their products to determine which is best for your situation.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Which are the best life insurance policies? Short answer is the one that is in-force the day you die, as that's the only thing that matters on that day, is an in-force policy. Now if you're asking what's the best policy for short term, say 10-20 years with no need beyond, term would most likely be the answer. 20 years plus? Whole life would be the best. If you've waited to late middle age and find that you still need life insurance for the long haul, universal life would probably be the answer. There is no best choice for everything.
.JPG){kind=avatar}
To find your best life insurance policy, talk over your financial situation with a knowledgeable agent and look at several options. Sometimes getting a couple of different types of life insurance policies works best.
There is certainly no one carrier that will always have the perfect product for all circumstances so it's wise to seek the advice of an agent who is familiar with several carriers and their products to determine which is best for your situation.