Life Insurance Reviews

Getting life insurance coverage with a well-established and financially secure company is key. Our reviews cover a range of insurers that offer different policies with customizable features to help you find the best insurer and policy for your needs.

Frequently Asked Questions

  • What is the average cost of life insurance?

    The cost of life insurance depends on a number of factors, including age, health, gender, the amount of death benefit, and the type of policy. We found that, on average, a healthy 35-year-old will pay $23 per month for a $500,000 policy with a 20-year term. However, a permanent life insurance policy for the same individual with the same death benefit could cost over $500 per month.

  • What's the difference between permanent and term insurance?

    Term life insurance offers you a death benefit for a specified term, such as five to 30 years, and provides no benefit if you outlive that term. Permanent life insurance is designed to pay out no matter when you die, even if you live to a ripe old age. For this reason, it's more expensive than term coverage and has some extra features, such as cash value, that term coverage does not.

  • How much life insurance do you need?

    There are different ways to estimate how much life insurance you need. One approach is to purchase a policy with a death benefit equal to 10 times your salary. Another is called the DIME formula—it accounts for your debts, income, mortgage, and education needs for dependents. There are other approaches as well that consider your circumstances in greater detail. 

  • What are the different types of life insurance?

    In general, life insurance can provide either permanent or temporary coverage. Permanent life insurance is designed to last into your old age, while temporary coverage ("term" life insurance) only lasts a specified number of years, such as 30. Common types of permanent life insurance include traditional whole life policies, universal life insurance, and variable life insurance.

  • What's the difference between universal and whole life insurance?

    Both types are designed to provide lifelong coverage and often have a surrender period during the early years of the policy. However, cash values in a whole life policy are guaranteed, while universal life cash values can fluctuate based on current interest rates. You also may be able to adjust the death benefit on a universal life policy and skip premium payments with sufficient cash value.

  • What is underwriting?

    Underwriting is the process a life insurance company uses to evaluate the risk they undertake by providing a life insurance policy on an insured. It's based on the insured person's health, age, gender, employment, hobbies, family history, credit, and other factors. Via the underwriting process, the insurer decides whether to approve someone's application for insurance and at what premium.

  • What if you made the wrong life insurance purchase?

    If you made the wrong life insurance purchase, you have options. For example, you may be able to amend your current policy to better meet your needs or cancel during the free look period with a full refund of any premium you paid. Whether you replace it with a new policy will depend on the type you purchased, its surrender period, and your needs.

Key Terms

Gerber Life Insurance
Gerber Life Insurance Review
Bankers Life Insurance Review
Bankers Life Insurance Review 2021
Jackson National Life Insurance
Jackson National Life Insurance Review
Colonial Life Review
Colonial Life Insurance Review
Allstate Life Insurance
Allstate Life Insurance Review
TruStage
CMFG Life Insurance Review
Liberty National Life Insurance
Liberty National Life Insurance Review
Ladder Life Insurance
Ladder Life Insurance Review
Americo Life Insurance Review
Americo Life Insurance Review 2021
Northwestern Mutual
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TruStage Life Insurance Review
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Kemper Life Insurance Review
Kemper Life Insurance Review
Unum Life Insurance Review
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Genworth Life Insurance
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Lincoln Heritage
Lincoln Heritage Life Insurance Review
Securian Financial
Minnesota Life Insurance Review
Liberty Mutual Review
Liberty Mutual Life Insurance Review
Ethos Life Insurance
Ethos Life Insurance Review
GEICO Life Insurance
GEICO Life Insurance Review
Aflac Life Insurance
Aflac Life Insurance Review
MassMutual
MassMutual Life Insurance Review
Mutual of Omaha
Mutual of Omaha Life Insurance Review
Ameritas Life Insurance Review
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Bestow Life Insurance Review
Bestow Life Insurance Review
Haven Life Insurance Review
Haven Life Insurance Review
SelectQuote Life Insurance Review
SelectQuote Life Insurance Review
Texas Life Insurance Review
Texas Life Insurance Review
Lincoln Financial Group
Lincoln National Life Insurance Review
Nationwide Life Insurance Review
Nationwide Life Insurance Review
VA Life Insurance Review
VA Life Insurance Review
ManhattanLife Insurance Review
ManhattanLife Insurance Review
Midland National Insurance Review
Midland National Life Insurance Review
Hartford Life Insurance Review
The Hartford Life Insurance Review
Zander Life Insurance
Zander Life Insurance Review
North American Life Insurance Review
North American Life Insurance Review
Continental Life Insurance Review
Continental Life Insurance Review
National Life Group
National Life Group Insurance Review
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Monumental Life Insurance Review
Monumental Life Insurance Review
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Reliance Standard Life Insurance Review
Reliance Standard Life Insurance Review
American National Life Insurance Review
American National Life Insurance Review
Farmers Insurance Life Insurance Review
Farmers Life Insurance Review
Progressive Life Insurance Review
Progressive Life Insurance Review
SBLI Life Insurance Review
SBLI Life Insurance Review
Penn Mutual Life Insurance Review
Penn Mutual Life Insurance Review
Aetna Life Insurance Review
Aetna Life Insurance Review
Globe Life
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AAA Life Insurance Review
AAA Life Insurance Review
Cigna Life Insurance Review
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William Penn Life Insurance Review
William Penn Life Insurance Review
Navy Mutual
Navy Federal Life Insurance Review
Western & Southern Life Insurance
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Symetra
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Global Atlantic
Forethought Life Insurance Review
Delaware Life Insurance Review
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Equitable
Equitable Life Insurance Review
Family First Life
Family First Life Insurance Review