If you are the sole breadwinner for your family or are worried about how financially secure your loved ones will be if you pass away, a life insurance policy can give you the peace of mind you need. If you’re unsure which life insurance company to buy a policy from, check out our selection of the top insurers below.
Ethos
Ethos is a life insurance provider that offers coverage to individuals regardless of their age, medical history, or lifestyle. Applicants can receive a quote within minutes without speaking with an agent. Policyholders can expect high-quality customer service from dedicated professionals. There is, however, very little information available publicly about the optional riders that the company offers. Another huge downside is the company’s permanent life insurance options are quite limited.
Policygenius
Policygenius is not an insurance company. However, its online marketplace provides you with access to both whole life and term life plans from a range of partners, including some of the names listed in this article. The benefit of using Policygenius is that you can easily and quickly compare quotes from numerous insurance companies. Also, since it is a marketplace, there are several types of insurance plans available. Keep in mind, though, that online quotes are not available for all companies.
Haven Life
Haven Life offers an unusually large selection of term insurance options, including policies that have significantly high death benefits. Its plans also come with additional perks, like an option to create a will online. Haven Life’s Simplified Issue life insurance plan does not require a medical exam. The insurer, however, insists on medical exams for people who want coverage over $500,000.
Ladder
True to its name, this company offers customers a lot of flexibility. So, as your needs change, you can either increase or decrease your coverage. The biggest benefit is that coverage is super affordable, with premiums starting at just about $5 per month. This allows you to purchase a plan even if you are on a tight budget – you can then increase your coverage later if you need to. Ladder also offers customers a 30-day free-look period, as opposed to the 10-day period other companies offer. One limitation to note with Ladder is that the company does not offer optional riders.
