This is a very subjective question. There is no one company who has the most affordable rates. There are just too many factors involved to narrow it to one company. Depending on policy type, age, location, build, health status, lifestyle, face amount and terms it can vary between husband, wife and child. I recommend using an experienced independent broker to professionally shop the market to find you the best rate for your unique situation.
If you have excellent health, you will get the cheapest term life insurance by using a company who prides themselves on having the best "preferred" rates. If you have poor health, your best rate may not be term at all, as not many companies offer term life insurance to those with poor health.
I use the above examples to show how there is no one life insurance company that offers the cheapest rates for everyone. Contacting a broker will help you find the most affordable rate for you.
President, Lane Independent Agency, Southern California
The real question is who can give you the lowest rate for the highest coverage, right? Our brokerage provides Living Benefits, which is something new to the industry. Life insurance can now be bought with no need to die to get paid! Life insurance can cover disability, chronic care, chronic illness, terminal illness. Through PFA and written by National Life Group and Life Insurance of the Southwest, the rates are lower and the coverage includes many other benefits at no extra charge. Love to help you. Thank you. GARY LANE.
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I use the above examples to show how there is no one life insurance company that offers the cheapest rates for everyone. Contacting a broker will help you find the most affordable rate for you.