Choosing the right life insurance is crucial, but it's equally important to ensure that your policy fits your budget and life. Many people worry they have to compromise on coverage to secure an affordable rate. However, partnering with a SelectQuote licensed insurance agent can help you find the ideal coverage for your needs while also saving you money. In this article, we’ll walk through examples of different customers who could save on coverage when shopping for life insurance with the help of the experienced licensed insurance agents at SelectQuote.
When You’re Just Getting Started
Many people believe that life insurance is only necessary once they’re more “established”—after getting married, buying a home, or starting a family. However, one of the best times to secure life insurance is when you’re young and healthy. Take our example customer, Ashley. At 25, she’s single and just starting a new job in a new city. Eager to explore life insurance but unsure where to begin, she reached out to a SelectQuote agent.
The agent took the time to understand her specific coverage needs and found her a 10-year, $250,000 term life insurance policy for just $8 a month—nearly 50% less than a competing national quote of $15. With her new career and city to navigate, Ashley was able to feel reassured knowing she had the right coverage tailored to her life stage, all at a price that fit her budget.
When You Have a Growing Family
Life insurance is valuable for everyone, but it becomes especially crucial when you have a growing family. This was true for our example customer Brad, who welcomed his first child before inquiring about life insurance. He and his wife wanted to ensure they had adequate coverage to protect their new addition, but the life insurance offered through work fell short of their needs.
Juggling the demands of parenthood, they prioritized both time and cost in their search for a policy. That’s when they turned to SelectQuote for instant life insurance options. In just minutes, Brad qualified for $1 million in coverage—up to $5 million in coverage is available to qualifying customers—without needing a medical exam. He secured fast protection for his family, avoiding the hassle of going through with a medical exam.
When You Have a Health Condition
Health factors play a significant role in determining life insurance rates, which can make finding coverage daunting for those with conditions like high blood pressure. When our example customer Gil received a quote of nearly $700 a year from a national carrier, he felt discouraged, fearing that his condition would prevent him from securing affordable coverage.
Fortunately, he reached out to SelectQuote, where a licensed insurance agent helped him find a 10-year, $1 million policy that saved him over 50% compared to his initial quote. With nearly 40 years of experience assisting individuals with various health needs, SelectQuote was able to provide Gil with a solution that fit his budget and circumstances.
Get Started Saving on Life Insurance With SelectQuote
SelectQuote is dedicated to helping you protect what matters most, regardless of your stage in life, health situation, or budget. We quickly compare rates from top-rated carriers, making it easy to navigate your options and find the ideal coverage at a price that suits you. Our experienced agents work tirelessly to understand your unique needs, ensuring you get tailored solutions that provide peace of mind. Whether you’re a young professional, a new parent, or planning for retirement, SelectQuote is here to support you every step of the way.
Example customers and their situations are based on rates available from the insurance companies SelectQuote represents as of October 2024, determined by age and coverage amounts.
