life insurance premium

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How Your Life Insurance Quote is Determined

Life insurance plays an important role in protecting your loved ones from financial burden. Single or married, in your 20s and 30s or older, with kids or without, most people benefit from some level of life insurance. However, the perceived cost often holds people back from buying a life insurance policy. It’s assumed life insurance is expensive. A misconception that’s untrue for many people. How are Life Insurance Quotes Determined? The process of getting a life insurance quote is simple. You’ll start by filling out a questionnaire. This helps your SelectQuote agent provide a side-by-side comparison of prices from highly…

A Quick Guide to Purchasing Term Life Insurance

shutterstock_165733118Protecting your financial future is just a few steps away.

If you’ve been avoiding getting a life insurance policy because you think the process is too complicated, think again! All you need is a little bit of time and some follow through to put a policy in place. Term life insurance is one of the simplest and easiest ways to make sure your loved ones have the money they need to survive comfortably if something happens to you—and if you are young and healthy, it’s probably the cheapest protection around, too. Don’t leave your finances in the hands of fate: instead, follow these simple steps to a secure future.

1. Choose an insurance amount

It makes sense to get sufficient insurance right out of the gate. The bare-bones rule of thumb: 10x your current salary. For a more accurate amount, use SelectQuote’s easy-to-use calculator, and in moments you’ll know exactly how much you should be insured for.

Should I Stay With My Company Insurance Policy or Get My Own?

Human ResourcesWhen you land that new job one of the first things you negotiate is your salary. After that comes along the details about the employee benefits you will receive. Most employers offer life insurance, but how do you know if you should stick with the company’s policy or if you should get your own policy? We are going to discuss the benefits and downfalls of getting insurance through work vs a personal policy.

First you must know that it is advised that you get a life insurance policy that is eight times the amount of your annual income. The policy you are offered at work will, on average, equal one year of your income. If you choose, you can get more coverage and pay the difference yourself. If you are single with no dependents,