Expertise.com

Best Life Insurance Companies in Simi Valley

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Life Insurance Companies FAQs

Learn more
Aguirre Financial & Insurance Services logo
Visit WebsiteWebsite

License Verified:

License: 0533820

California Department of Insurance

Aguirre Financial & Insurance Services

606 Sespe Avenue, Fillmore, CA 93015
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Aguirre Financial & Insurance Services provides insurance solutions to its clients in the Simi Valley area and neighboring communities. It offers a wide variety of insurance plans to its customers, such as life, health, and Medicare plans. Their life insurance options include term, final expense, universal life, and whole life insurance. They also offer individual health insurance packages that cover dental, vision, critical illness, and cancer. Additionally, Aguirre Financial & Insurance Services' expansive reach caters to clients from all over California.

License Verified:

License: 0533820

California Department of Insurance

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 (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
American Health Insurance logo
Visit WebsiteWebsite

License Verified:

License: 0D85270

California Department of Insurance

American Health Insurance

9221 Corbin Avenue, Los Angeles, CA 91324
Visit WebsiteWebsite
  • Health Insurance

Business Description

Headquartered in Northridge, American Health Insurance is an independent agency of Anthem Blue Cross and Blue Shield California, Nevada, Colorado, and Georgia. It provides services to clients in the Simi Valley metro and surrounding areas. The company through Anthem Blue Cross offers group term life, accidental death and dismemberment (AD&D), dependent life, and supplemental life products for companies of any size. Group life insurance plans are available for small groups of two to fifty employees and large groups with 101 or more employees.

License Verified:

License: 0D85270

California Department of Insurance

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)
Behr Insurance Services logo
Visit WebsiteWebsite

License Verified:

License: 0L81087

California Department of Insurance

Behr Insurance Services

1420 East Los Angeles Avenue, Simi Valley, CA 93065
Visit WebsiteWebsite
  • Life Insurance

Business Description

Behr Insurance Services is an independent business serving clients in Simi Valley and surrounding communities. The professionals in this company assist clients in processing a payment, filing a claim, or looking to understand their insurance coverage. They offer a wide range of life insurance coverage, including term, whole, universal, and variable universal life. Additional products include disability and final expense insurance. Behr Insurance Service also serves commercial clients, providing business owners policy and workers' compensation coverage.

License Verified:

License: 0L81087

California Department of Insurance

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 (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
Boggs & Whitener Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 0B86535

California Department of Insurance

Boggs & Whitener Insurance Agency

4210 East Los Angeles Avenue, Simi Valley, CA 93063
Visit WebsiteWebsite
  • Life Insurance

Business Description

Boggs & Whitener Insurance Agency has been providing personal and commercial insurance solutions in Simi Valley since 1996. The agency's insurance policies include life insurance, homeowners' and renters' policies, workers compensation coverages, earthquake insurance, and special event coverages. The policies offered also cover vacant residences, commercial properties, autos and motorcycles, general, professional, and excess liabilities, and bonds. Additionally, the agency provides flood insurance through FEMA and private carriers as well as fire and property coverages for tenant-occupied homes.

License Verified:

License: 0B86535

California Department of Insurance

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)
Yelp
5.0 / 5 (3)
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
Carlos Villalobos Insurance Agency Inc. logo
Visit WebsiteWebsite

License Verified:

License: 0613727

California Department of Insurance

Carlos Villalobos Insurance Agency Inc.

25001 The Old Road, Santa Clarita, CA 91381
Visit WebsiteWebsite
  • Life Insurance

Business Description

Carlos Villalobos Insurance Agency Inc., is a Santa Clarita-based independent insurance firm that has been serving clients in Los Angeles and its surrounding communities, including Simi Valley, for over 30 years. It represents insurance carriers such as the Mercury Insurance Group, Travelers, and Safeco Insurance and offers life, automobile, motorcycle, homeowners, and farm insurance. The company also provides business, general liability, and workers' compensation insurance. Founder Carlos Villalobos and his team have been commended by previous clients for being helpful and professional.

License Verified:

License: 0613727

California Department of Insurance

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 (5)
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
Chun & Reynolds Insurance Services logo
Visit WebsiteWebsite

License Verified:

License: 0K86136

California Department of Insurance

Chun & Reynolds Insurance Services

2655 First Street, Simi Valley, CA 93065
Visit WebsiteWebsite
  • Life Insurance

Business Description

Chun & Reynolds Insurance Services is a brokerage based in Simi Valley. The company offers comprehensive insurance protection on a personal level, providing life insurance plans, as well as coverage for homes, motorcycles, recreational vehicles, and workers' compensation. It also deals with annuity quotes, business owners' policies, commercial auto insurance, condo insurance, and general liability coverage for businesses. Vincent Chun and Gregory Reynolds, who have more than 24 years of combined experience in the industry, lead the company.

License Verified:

License: 0K86136

California Department of Insurance

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 (13)
Google
5.0 / 5 (9)
Facebook
5.0 / 5 (7)

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
CoverLine Insurance Services logo
Visit WebsiteWebsite

CoverLine Insurance Services

19360 Rinaldi Street, Porter Ranch, CA 91326
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

Coverline Insurance Services assists clients s in Simi Valley and the surrounding areas with purchasing insurance products that fit their needs. One of the insurance plans it specializes in is term life insurance, which clients can use to cover current and future credit obligations, pay for final expenses, or provide for daily living costs. Clients can also calculate how much life insurance they may need through a tool on the agency's website. Additionally, Coverline Insurance Services offers health insurance policies and mortgage protection plans.

Doctor & Doctor Insurance logo
Visit WebsiteWebsite

License Verified:

License: 0C54769

California Department of Insurance

Doctor & Doctor Insurance

10216 Reseda Boulevard, Los Angeles, CA 91324
Visit WebsiteWebsite
  • Life Insurance

Business Description

Doctor & Doctor Insurance is a family-owned agency that offers term and whole life insurance packages to clients in Simi Valley. Its agents simplify the entire process by assessing every individual's preferred options and finding a plan to maximize their protection. Home, auto, earthquake, Medicare supplements, and business policy coverage products are also available. Doctor & Doctor Insurance has over 45 years of experience in the trade. Its goal is to deliver services that are friendly, timely, and personalized for each client.

License Verified:

License: 0C54769

California Department of Insurance

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)

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
Eric Bossuk logo
Visit WebsiteWebsite

License Verified:

License: 0543329

California Department of Insurance

Eric Bossuk

5008 Chesebro Road, Agoura Hills, CA 91301
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Eric Bossuk is the CEO and chairman of B&B Premier Insurance Solutions that caters to individuals and businesses in Simi Valley and its nearby areas. His company works with various insurance carriers, including American Strategic Insurance, Capital Insurance Group, and MetLife. Both term and universal life insurance policies are offered in his firm. Moreover, auto, commercial property, cyber liability, home, and health insurance plans are also provided. B&B Premier Insurance Solutions has been in the business since 1988.

License Verified:

License: 0543329

California Department of Insurance

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
Facebook
4.3 / 5 (19)
Eric Little logo
Visit WebsiteWebsite

License Verified:

License: 0B84926

California Department of Insurance

Eric Little

1985 First Street, Simi Valley, CA 93065
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Eric Little is a State Farm Insurance Agent serving individuals, families, and groups in Simi Valley and the nearby areas. Little specializes in providing advice for real estate coverage, but he is also knowledgeable in life, health, and personal liability insurance. He offers term, whole, and universal life products to cater to a wide range of clients. The insurance carrier also offers group life insurance for small businesses seeking to protect their employees.

License Verified:

License: 0B84926

California Department of Insurance

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 (10)
Yelp
5.0 / 5 (8)
Google
5.0 / 5 (6)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Independent Executive Insurance Brokers logo
Visit WebsiteWebsite

License Verified:

License: 0G05776

California Department of Insurance

Independent Executive Insurance Brokers

5069 Maureen Lane, Moorpark, CA 93021
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

IEI Brokers is an insurance company based in Simi Valley. With over 20 years of service, IEI Brokers has been insuring clients based on their personalized needs. It covers a wide array of insurance products of business, employee benefits, and personal insurance that backs up client annuities, high-net-worth insurance, home insurance, and other personal coverages. IEI Brokers also partners up with other agencies such as Trusted Choice and Nahu in serving Californians, Idaho, and Nevada clients.

License Verified:

License: 0G05776

California Department of Insurance

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
4.0 / 5 (36)
Facebook
5.0 / 5 (6)

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
Insurance Brokers West logo
Visit WebsiteWebsite

License Verified:

License: 0F95189

California Department of Insurance

Insurance Brokers West

233 East High Street, Moorpark, CA 93021
Visit WebsiteWebsite
  • Life Insurance

Business Description

Insurance Brokers West is a full-service agency that delivers insurance solutions to business owners and individuals in the Simi Valley metro. It is a life insurance service provider that helps clients obtain term and whole coverages. These life insurance plans can cover policyholders' mortgages, unpaid debts, and funeral expenses. Furthermore, the independent company crafts personalized coverages for homes, condos, rental properties, autos, and motorcycles. Insurance Brokers West is a family-owned business that has been in the industry since 2008.

License Verified:

License: 0F95189

California Department of Insurance

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 (135)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Jackson Insurance Services logo
Visit WebsiteWebsite

License Verified:

License: 0E32751

California Department of Insurance

Jackson Insurance Services

40 West Easy Street, Simi Valley, CA 93065
Visit WebsiteWebsite
  • Life Insurance

Business Description

Jackson Insurance Services offers life insurance coverage for customers in Simi Valley. It assists them in securing policies, whether they are looking for short-term protection or seeking wealth-building strategies. The business also carries other personal insurance products, such as home, auto, and earthquake insurance. Jackson Insurance Services is a member of the Community Associations Institute. The brokerage was founded by Matt Jackson in 1984 and continues to maintain relationships with its partner carriers to provide various insurance products.

License Verified:

License: 0E32751

California Department of Insurance

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
4.3 / 5 (6)

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
James G Parker Insurance Associates logo
Visit WebsiteWebsite

License Verified:

License: 0554959

California Department of Insurance

James G Parker Insurance Associates

28494 Westinghouse Place, Valencia, CA 91355
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

James G Parker Insurance Associates is a privately-held insurance company that provides life insurance and other financial services to Simi Valley and the surrounding areas. It offers term and cash value policies for life insurance and handles other insurance coverage, such as business insurance, employee benefits, and workers' compensation. Established in 1978, the agency strives to give back to the community by supporting non-profit and civic organizations, including the American Cancer Society and the Juvenile Diabetes Research Foundation.

License Verified:

License: 0554959

California Department of Insurance

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 (5)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Jay Lawson logo
Visit WebsiteWebsite

License Verified:

License: 0616919

California Department of Insurance

Jay Lawson

19729 Nordhoff Street, Northridge, CA 91324
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Jay Lawson is an independent life insurance agent serving clients in Simi Valley and the surrounding areas. Since 1982, Lawson has been helping clients manage risks by offering various insurance products. These include life, health, home, auto, and renters' insurance. Lawson also provides business insurance, mutual funds, annuities, and banking services. Lawson and his team have over 50 years of combined experience and received various awards, including Ambassador Travel, President's Club, and Legion of Honor.

License Verified:

License: 0616919

California Department of Insurance

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 (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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Neiens Insurance Services logo
Visit WebsiteWebsite

Neiens Insurance Services

1409 Kuehner Drive, Simi Valley, CA 93063
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Neiens Insurance Services is an insurance agency located in Simi Valley. It provides life and health insurance support, with plans ranging from term to permanent. It also covers other personal insurances such as auto, recreational, and home insurance. It also caters to businesses and safeguards commercial auto, general liabilities, and workers' compensation. Neiens Insurance Services collaborates with well-known insurance providers such as Allied Insurance, Travelers, and Progressive to assist clients in understanding and securing insurance choices.

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 (5)

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
RNK Insurance Services logo
Visit WebsiteWebsite

License Verified:

License: 0M16096

California Department of Insurance

RNK Insurance Services

18321 Ventura Boulevard, Tarzana, CA 91356
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

RNK Insurance Services is an agency that offers life insurance services in Simi Valley. The business has over 10 years of experience in the industry, providing whole life, universal, and term life insurance coverage. It also has mortgage protection and annuities options for retirees. Furthermore, the agency offers group benefits services. It assists businesses in administering employee benefits and insurance-related hiring and firing. RNK Insurance Services also helps companies in complying with the latest laws and regulations related to insurance benefits.

License Verified:

License: 0M16096

California Department of Insurance

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 (25)
Facebook
5.0 / 5 (16)

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
Trident Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 0779079

California Department of Insurance

Trident Insurance Agency

21241 Ventura Boulevard, Woodland Hills, CA 91364
Visit WebsiteWebsite
  • Life Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

Trident Insurance Agency caters to individuals and businesses in Simi Valley and other areas. Its insurance professionals assist clients in choosing policies suitable for their needs, sourcing from a network of over 30 insurance carriers. Its personal life insurance offerings include term, whole, universal, variable, and survivorship insurance. It also provides auto, recreational vehicles, general liability, and health insurance. The family-owned and independently operated agency was founded by Melvyn Budnick in 1969, and his daughter Debra Jackson currently leads it as president and CEO.

License Verified:

License: 0779079

California Department of Insurance

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)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Warner Pacific logo
Visit WebsiteWebsite

License Verified:

License: 0764260

California Department of Insurance

Warner Pacific

32110 Agoura Road, Westlake Village, CA 91361
Visit WebsiteWebsite
  • Health Insurance

Business Description

Warner Pacific is a general insurance agency that has been catering to the Simi Valley area for almost 40 years. It works with a number of insurance carriers to provide a wide range of insurance products to its clients. Warner Pacific provides individual, small group, large group, and level-funded medical insurance for personal and commercial clients. Medicare assistance is also available. It also offers travel insurance partnered with GeoBlue. It provides group ancillary and worksite coverage, as well as property and casualty coverage.

License Verified:

License: 0764260

California Department of Insurance

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
3.0 / 5 (11)
Facebook
5.0 / 5 (11)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Zein Insurance Services Inc. logo
Visit WebsiteWebsite

License Verified:

License: 0E08585

California Department of Insurance

Zein Insurance Services Inc.

21800 West Oxnard Street, Los Angeles, CA 91367
Visit WebsiteWebsite
  • Health Insurance

Business Description

Zein Insurance Services Inc. is a full-line independent insurance agency that services the residents of Simi Valley. It offers individual health insurance and family health insurance. It also provides auto, home, and business insurance. The team at Zein Insurance Services has a combined experience of more than 100 years in the industry. Some of the insurance carriers that the company is affiliated with are The Hartford, Nationwide Mutual Insurance Company, Kaiser International Health Group, and Humana.

License Verified:

License: 0E08585

California Department of Insurance

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 (32)
Yelp
4.0 / 5 (24)

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