Expertise.com

Best Life Insurance Companies in Tempe

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Life Insurance Companies FAQs

Learn more
1st Insurance Group, LLC logo
Visit WebsiteWebsite

License Verified:

License: 1800007070

Arizona Department of Insurance and Financial Institutions

1st Insurance Group, LLC

2033 East Warner Road, Tempe, AZ 85284
Visit WebsiteWebsite
  • Life Insurance

Business Description

1st Insurance Group, LLC, is a local and independent insurance agency that serves individuals, families, and businesses in Tempe and the rest of Arizona. It offers term life insurance and whole life insurance as well as health insurance. The company's other personal insurance products cover homes, auto, recreational vehicles, and umbrella liability. In addition, 1st Insurance Group also provides business property, general liability, and workers' compensation insurance policies. Its team also assists clients in filing claims.

License Verified:

License: 1800007070

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.0 / 5 (56)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
American Premier Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 6730863

Arizona Department of Insurance and Financial Institutions

American Premier Insurance Agency

16815 South Desert Foothills Parkway, Phoenix, AZ 85048
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

American Premier Insurance Agency is an independent insurance company that has served individuals and businesses around the Tempe Metro. Since 2002, it has offered term life, whole life, and universal life insurance policies to its clients through carrier companies such as Allianz Life Insurance, Banner Life, and MetLife. Its founder, Harold Bordelon, was a former U.S. Air Force member who started working as an insurance agent in 1986. His team also offers vehicle, property, business, and health insurance.

License Verified:

License: 6730863

Arizona Department of Insurance and Financial Institutions

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
American Savings Life Insurance Company logo
Visit WebsiteWebsite

License Verified:

License: 12831375

Arizona Department of Insurance and Financial Institutions

American Savings Life Insurance Company

935 East Main Street, Mesa, AZ 85203
Visit WebsiteWebsite
  • Life Insurance

Business Description

American Savings is a family-owned and family-operated insurance company that has been serving individuals and businesses in the community of Tempe and its surrounding areas for more than 65 years. The business specializes in annuity products and life insurance. It also helps entrepreneurs build their companies through its commercial real estate loans. Its team of professionals has more than 100 years of combined lending experience. Additionally, American Savings provides financial services and security for its policyholders.

License Verified:

License: 12831375

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (11)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Arredondo & Arredondo Insurance logo
Visit WebsiteWebsite

License Verified:

License: 1800001037

Arizona Department of Insurance and Financial Institutions

Arredondo & Arredondo Insurance

2130 South Rural Road, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance

Business Description

Arredondo & Arredondo Insurance is an independent insurance agency that has been serving clients in Tempe since 1988. It offers various types of life insurance policies that include term life, whole life, and universal life plans from several providers that include Safeco Insurance, Travelers, and Progressive. The agency covers other types of insurance products for boats, renters, homes, and condominiums. The family-owned and family-operated agency has been a member of the Independent Insurance Agents of Arizona for 20 years.

License Verified:

License: 1800001037

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.9
Google
3.0 / 5 (7)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Ayala Insurance Service logo
Visit WebsiteWebsite

License Verified:

License: 1800001558

Arizona Department of Insurance and Financial Institutions

Ayala Insurance Service

2747 West Southern Avenue, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Ayala Insurance Service has been insuring individuals and families in Tempe and other cities in the Valley of the Sun since 1999. The agency provides clients with different types of life insurance products, including term insurance and permanent insurance. Term insurance provides life insurance for a limited period of time, while permanent insurance offers lifelong protection. Ayala Insurance Service also offers customers other insurance solutions, including health, bonds, automobile, homeowners, and renters, business, and commercial insurance.

License Verified:

License: 1800001558

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
3.0 / 5 (12)
Facebook
5.0 / 5 (2)
Yelp
2.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Brokerage USA logo
Visit WebsiteWebsite

Brokerage USA

7650 South McClintock Drive, Tempe, AZ 85284
Visit WebsiteWebsite
  • Life Insurance

Business Description

Brokerage USA is an independent insurance agency that provides insurance services to residents and businesses in Tempe and the surrounding communities. It represents multiple carriers that offer a variety of insurance packages. It carries a number of life insurance plan options from various providers. Additionally, it provides several other services that allow clients to market services like estate planning, Medicaid compliant annuity, and the funeral trust. It also provides assistance to veterans for their compensation claims.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
CBS Insurance logo
Visit WebsiteWebsite

License Verified:

License: 1800003182

Arizona Department of Insurance and Financial Institutions

CBS Insurance

P.O. Box 50145, Phoenix, AZ 85076
Visit WebsiteWebsite
  • Life Insurance

Business Description

CBS Insurance is a life insurance company that serves clients from Tempe and nearby areas. The agency provides whole, universal, and term life insurance to ensure security for the clients' loved ones. Insurance policies for critical illnesses, medical plans, and accidents are also available. CBS Insurance is led by James E. Jordan, Jr., an insurance professional who has been working in the insurance industry for more than 18 years. He specializes in developing supplemental insurance products.

License Verified:

License: 1800003182

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (13)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
CLI Select Agencies logo
Visit WebsiteWebsite

License Verified:

License: 1800006631

Arizona Department of Insurance and Financial Institutions

CLI Select Agencies

1655 West Drake Drive, Tempe, AZ 85283
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

CLI Select Agencies is an independent insurance agency. It serves individuals and businesses in the Tempe metro and surrounding areas. Its agents walk clients through the process of acquiring term life or whole life insurance policies. The agency also offers comprehensive insurance products such as power sports, auto, condo, disability, and health insurance plans. It also serves in several locations, including Arkansas, New Mexico, Montana, and Oklahoma. Dawnyel Smink serves as the agency's president and CEO.

License Verified:

License: 1800006631

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (75)
Facebook
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
eFinancial logo
Visit WebsiteWebsite

License Verified:

License: 1800005044

Arizona Department of Insurance and Financial Institutions

eFinancial

1721 West Greentree Drive, Tempe, AZ 85284
Visit WebsiteWebsite
  • Life Insurance
  • Term Life Insurance
  • Permanent Life Insurance Policy

Business Description

eFinancial is an independent agency that protects Tempe-based families, businesses, and individuals in different life situations. Its team of insurance agents provides life insurance solutions for clients to obtain financial security, pay end-of-life expenses, and cover outstanding debts. The different types of life plans are term life, final expense, and permanent life insurance. Clients have the option to add insurance policy riders to get more benefits, such as accidental death, terminal illness, inflation, child death benefit, and waiver of premium.

License Verified:

License: 1800005044

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
4.6 / 5 (361)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Harris Investment Advisors logo
Visit WebsiteWebsite

License Verified:

License: 1800007299

Arizona Department of Insurance and Financial Institutions

Harris Investment Advisors

6991 E. Camelback Rd. Suite D-300, Scottsdale, AZ 85251
Visit WebsiteWebsite
  • Individual Plans
  • Life Insurance

Business Description

Harris Investment Advisors is an independent investment advisor who serves clients in Tempe. It provides assistance and advice on various types of life insurance policies that include term life, universal, whole life, and variable life insurance. The firm also offers its Managed Asset Program, which helps clients develop long-term wealth management strategies. Founder David S. Harris has more than 33 years of experience in the financial services industry. He is also a certified investment management consultant.

License Verified:

License: 1800007299

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Health Options & Senior Solutions Agency logo
Visit WebsiteWebsite

Health Options & Senior Solutions Agency

4411 South Rural Road, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Based in Tempe, Health Options & Senior Solutions Agency is a company that provides personalized insurance options related to life, health, and retirement for clients in and around the metro. It assists its customers in choosing among different types of life insurance plans, including term, final expense, universal, and whole life. In addition, the company offers Medicare, disability, health, and supplemental insurance policies. As an independent agency, it partners with multiple carriers, like Humana, United Healthcare, and Aetna, to customize policies.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Irma Chaira logo
Visit WebsiteWebsite

License Verified:

License: 1800010875

Arizona Department of Insurance and Financial Institutions

Irma Chaira

1805 East Elliot Road, Tempe, AZ 85284
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Irma Chaira has been a State Farm agent since 1999. She is a Spanish-speaking Arizona native who helps individuals in Tempe get the right life insurance coverage. In addition to life insurance, she works closely with clients to find insurance for automobiles, homes, pets, businesses, and properties. Additional financial products, such as mutual funds and banking solutions, are available. Chaira is one of the 19,000 State Farm agents across the country. State Farm has been around since 1922.

License Verified:

License: 1800010875

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.9
Google
4.0 / 5 (8)
Yelp
3.0 / 5 (3)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Larson Wealth Management logo
Visit WebsiteWebsite

License Verified:

License: 1800009056

Arizona Department of Insurance and Financial Institutions

Larson Wealth Management

4500 South Lakeshore Drive, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance
  • Term Life Insurance

Business Description

Larson Wealth Management, LLC, offers life coverage options for families in Tempe. It provides term, whole, universal, and variable life insurance policies to fit circumstances such as securing welfare for minors, providing long-term care for elders, and estate planning. Larson also provides personal financial services such as asset protection and planning for education, retirement, or estate. The firm has been serving communities since 2011. Its founder and owner, Don Larson, has over two decades of experience in financial planning and has been a Certified Financial Planner since 2002.

License Verified:

License: 1800009056

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
New York Life logo
Visit WebsiteWebsite

License Verified:

License: 6811758

Arizona Department of Insurance and Financial Institutions

New York Life

14850 North Scottsdale Road, Scottsdale, AZ 85254
Visit WebsiteWebsite
  • Life Insurance

Business Description

New York Life Arizona Office is an insurance company offering its services to clients in Tempe and the surrounding areas. It provides life insurance and emphasizes the benefits of the whole life policy. It can aid in retirement income, emergency funds, long-term investments, and long-term care insurance. New York Life is a mutual insurance company that's been operating since 1984. Marc S. Braden is the current managing partner of the Arizona Office.

License Verified:

License: 6811758

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
R.P. Ryan Insurance logo
Visit WebsiteWebsite

License Verified:

License: 1800004215

Arizona Department of Insurance and Financial Institutions

R.P. Ryan Insurance

18501 North 40th Street, Phoenix, AZ 85032
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

R.P. Ryan Insurance is a full-service agency that has been helping Tempe businesses and individuals obtain insurance since 1982. As an independent agency, it has access to multiple insurance carriers to provide quality products. The company comprises financial professionals who can assist clients in purchasing life insurance policies. They help clients choose from temporary and permanent life insurance plans to find a policy that is suited to their goals. R.P. Ryan Insurance is a member of Trusted Choice.

License Verified:

License: 1800004215

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
5.0 / 5 (8)
Google
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Rodney Horne logo
Visit WebsiteWebsite

License Verified:

License: 16535595

Arizona Department of Insurance and Financial Institutions

Rodney Horne

4411 South Rural Road, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Rodney Horne is a life insurance agent who services clients from Tempe and its surrounding areas. He provides index universal, whole, and term life insurance to prepare for clients and their families future. Aside from life insurance, he also offers dental, vision, critical illness, and supplemental insurance. Before becoming an insurance agent, Rodney worked in the airline sector for 13 years. He learned about the importance of insurance following an accident he met at the age of 26.

License Verified:

License: 16535595

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (6)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Rosen Investment Advisors logo
Visit WebsiteWebsite

Rosen Investment Advisors

4646 East Van Buren Street Suite 190, Phoenix, AZ 85008
Visit WebsiteWebsite
  • Life Insurance

Business Description

Rosen Investment Advisors helps clients pursue their long-term financial goals through life insurance solutions. The Tempe-based firm is headed by Al Rosen, a financial consultant who is experienced in various aspects of personal finance, from insurance and investments to retirement planning. The company assists individuals with different insurance products such as life, disability income, and long-term care insurance. Rosen Investment Advisors is a Registered Representative with Cetera Advisor Networks and holds a license in 14 states, including Arizona, Colorado, Florida, and California.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sharon Layman logo
Visit WebsiteWebsite

License Verified:

License: 8725701

Arizona Department of Insurance and Financial Institutions

Sharon Layman

4411 South Rural Road, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Sharon Layman is an insurance agent who has been working with State Farm since 1998. She caters to customers in Tempe and the surrounding areas. She helps clients protect their families from financial distress by offering term, whole, and universal life insurance plans. In addition, she provides property, pet, home, business, and auto insurance products. Sharon has received various State Farm awards and titles throughout her career, including Ambassador Travel, Chairman's Circle, and President's Club.

License Verified:

License: 8725701

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (36)
Yelp
3.0 / 5 (7)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Southwind Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 1800005666

Arizona Department of Insurance and Financial Institutions

Southwind Insurance Agency

2169 East Warner Road, Tempe, AZ 85284
Visit WebsiteWebsite
  • Life Insurance
  • Individual Plans
  • Market Place
  • Group Plans
  • No Exam Policies

Business Description

Southwind Insurance Agency is a life insurance provider in Tempe that carries term insurance and permanent insurance. To enhance life insurance policies, clients can choose from accelerated death benefit coverage, critical illness coverage, or long-term care coverage. Additionally, it offers auto insurance, home insurance, and business insurance. Some of its carriers are Foremost Insurance Group, American Modern, and Mexico Insurance. Southwind Insurance Agency has been providing insurance products to individuals and businesses for more than 30 years.

License Verified:

License: 1800005666

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.0 / 5 (14)
Facebook
5.0 / 5 (11)
Yelp
4.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Warburton Insurance Services, Inc logo
Visit WebsiteWebsite

License Verified:

License: 1800004710

Arizona Department of Insurance and Financial Institutions

Warburton Insurance Services, Inc

4645 South Lakeshore Drive, Tempe, AZ 85282
Visit WebsiteWebsite
  • Life Insurance

Business Description

Warburton Insurance Services, Inc., is a team of professionals committed to helping Tempe residents with their life insurance needs. The business offers a variety of individual life insurance products which include universal life, term life, and whole life insurance options. Its team of experienced professionals works with several different insurance companies to help clients make informed decisions about the right coverage plan. In addition, Warburton Insurance Services, Inc., offers mortgage protection insurance and fixed annuities.

License Verified:

License: 1800004710

Arizona Department of Insurance and Financial Institutions

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
3.0 / 5 (7)
Facebook
5.0 / 5 (7)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Which is better, term or whole life insurance?

Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

How much life insurance do I need?

A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

How does life insurance work?

The details of how life insurance works depend on your individual plan, but the basics are as follows: 

  • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
  • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
  • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.

How much is life insurance?

The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

Is life insurance taxable?

Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


Can I buy health insurance that is not Obamacare?

When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

Can I buy health insurance anytime?

To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

Who should buy supplemental health insurance?

Supplemental health insurance is a product that helps cover the cost of services that your primary health insurance policy doesn't. One popular option is secondary insurance that helps cover some of the costs associated with high deductibles. Medicare supplemental insurance is also popular. Medicare doesn't cover everything, and older adults on a limited income can face large prescription or medical bills after Medicare pays. Supplemental insurance helps reduce those patient costs.

Read all FAQs