Affordable Life Insurance Protection for Your Family

Life Insurance Cheapest

How to Find Life Insurance Cheapest Rates


How Can I Find Cheapest Life Insurance Rates?

Compare prices from multiple insurance carriers online to get an objective comparison of the lowest prices.


Who Qualifies for the Cheapest Life Insurance?

Young and healthy people qualify for the very best rates. The younger and healthier you are, the lower your rate per $1,000 of life insurance protection.

Who Needs the Cheapest Life Insurance? 

Anyone on a budget, or anyone who needs the most life insurance for the money, wants to find the cheapest policy available.


Tips for Getting the Cheapest Rates on Life Insurance

  • Compare Pricing from Multiple Carriers
  • Choose Term Insurance over Permanent Coverage
  • Use a Life Insurance Calculator to Determine How Much Life Insurance You Need
  • Get Healthy
  • Quit Smoking
  • Lose Weight
  • Avoid Riders and Additional Coverage
  • Say No To Agents That Represent Only One Insurer
  • Don’t Wait - Prices Increase with Age
  • Bundle Coverages If You Can with Your Auto and Home Insurance Carrier
  • Check The Financial Stability of The Insurer


Cheapest Life Insurance Carrier Rates?

Several of the most competitive insurance companies for low cost life insurance policies include TIAA Life, Transamerica, Amica Life, New York Life and State Farm, among others.  TIAA offers some of the cheapest life insurance quotes, plus the option to convert your term life policy into a permanent life insurance plan.  

Cheapest Smoker Life Insurance?

Transamerica offers some of the most competitive rates on life insurance for smokers. Sample quotes are up to $10 per month cheaper for smokers than some other competitors.

Why is Term Life Insurance Cheapest?

Term life insurance acts much like auto insurance, so it’s much easier to understand. Like your car insurance, you pay premiums each month for the period of time you wish tp be insured, and if you don’t use the insurance (for example, pass away) in that period of time, the insurance company keeps the money and does not have to pay a death benefit. This is just like your auto insurance policy – if you don’t get into an accident, there is no payout from the insurance carrier. 

Term insurance is generally cheaper than permanent insurance because the coverage is provided for a specific period of time. In most cases, the insurance company will never pay out because you will outlive the term and the policy will expire.

However, term life premiums can and do increase with your age, whereas whole life premiums stay level your entire lifetime.

Which is Cheaper – Term or Whole Life Insurance?

Term insurance is cheaper than permanent insurance because it is temporary, lasting for a duration of 30 years or less.


Which is Cheaper – No Exam or Life Insurance Requiring an Exam?

You may qualify for a lower price on your policy if you choose coverage that requires a medical exam, since some no exam life insurance plans charge higher rates on average compared to life insurance that does require a health check-up.

The reason no exam plans cost more is because they may accept some people who may not qualify for fully underwritten life insurance policies that do require a physical examination.


Which "Term" for Term Insurance is Cheapest?

The shorter your term or duration of coverage, the lower your chance of dying during that time period. So, your premiums would be cheaper the shorter your term. That means, a 5-year term life policy has lower rates per $1,000 of life insurance coverage compared to a 10 or 15-year term policy.


Which Type of Term Life Insurance is Cheapest?

There are several types of term insurance policies including level term, decreasing term, return of premium term and no exam term life plans. 

The cheapest type of term life policy is level term insurance.


How Does Level Term Life Insurance Work?

Level term policies have several common features:

  • Premiums remain the same for the life (term) of your policy.
  • The amount of life insurance stays the same for the duration of your policy term.
  • Term Options available may include – 5, 10, 15, 20, 25 or 30 year options.

Level term coverage may offer the option to renew your policy for another term when your original term expires.

Life Insurance Quotes

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