Expertise.com

Best Life Insurance Companies in Baton Rouge

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Life Insurance Companies FAQs

Learn more
A Acadian Assurance, Inc logo
Visit WebsiteWebsite

License Verified:

License: 174545

Louisiana Department of Insurance

A Acadian Assurance, Inc

12605 South Harrells Ferry Road, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Health Insurance
  • Whole Life Insurance
  • Long Term Care
  • Term Life Insurance

Business Description

Established in 1988, A Acadian Assurance, Inc., is an agency that provides a diverse range of insurance options to customers in the Baton Rouge metro. The agency's focus is to deliver risk management planning for both individuals and businesses. Its team of insurance professionals offers life insurance to help clients achieve security if faced with a worrisome situation. They also have other insurance products, including living benefits, critical illness, long-term care, Medicare supplemental, and mortgage protection insurance.

License Verified:

License: 174545

Louisiana 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)
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
All Premier Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 316946

Louisiana Department of Insurance

All Premier Insurance Agency

25485 Old La Highway 16, Denham Springs, LA 70706
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Established in 2004, All Premier Insurance Agency is a locally operated insurance agency that serves residents of Baton Rouge and nearby communities. It offers various insurance products from different carriers, including life, health, and retirement policies. It also assists with securing home/renters, auto, and business coverage. As an independent agency, All Premier Insurance Agency is not bound to a single insurance company, which means it can help clients find the policy that best suits their and their dependents' changing needs and plans for the future.

License Verified:

License: 316946

Louisiana 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.
4.8
Facebook
5.0 / 5 (10)

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
––
America's Choice Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 742034

Louisiana Department of Insurance

America's Choice Insurance Agency

13489 Louisiana 431, Saint Amant, LA 70774
Visit WebsiteWebsite
  • Life Insurance

Business Description

America's Choice Insurance Agency is an independent insurance company serving clients in Baton Rouge, Fort Worth, Jackson, and nearby communities. The agency offers an array of products, such as life, recreational vehicle, automobile, business and commercial, and homeowners' insurance. It also maintains several avenues of communication, such as emergency phone numbers and call center services, to ensure its clients' issues are quickly addressed. Moreover, it partners with multiple insurance carriers to provide its clients with options tailored to their financial situation.

License Verified:

License: 742034

Louisiana 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
Facebook
4.0 / 5 (43)

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
Amstead Insurance logo
Visit WebsiteWebsite

License Verified:

License: 721397

Louisiana Department of Insurance

Amstead Insurance

14635 South Harrells Ferry Road, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Amstead Insurance is an agency located in Baton Rouge. The company comprises a team of agents who are dedicated to delivering individualized insurance solutions that meet clients' goals and budgets. They provide life insurance to prepare financially for the unexpected, including disability and death. The different types of life insurance available are universal life, return of premium life, key employee, buy-sell agreements, term life, and group life insurance. In addition, Amstead Insurance has insurance policies for the home, flood, and auto.

License Verified:

License: 721397

Louisiana 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.
4.5
Google
4.0 / 5 (4)
Facebook
5.0 / 5 (3)
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
Baton Rouge Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 160227

Louisiana Department of Insurance

Baton Rouge Insurance Agency

10734 Coursey Boulevard, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Baton Rouge Insurance Agency is an independent insurance agency working with multiple carriers to provide residents with the appropriate coverage. Its agents apply the company's business philosophy by focusing on treating their clients as they would themselves. This agency provides life insurance policies encompassing term insurance, which is designed for temporary needs, and permanent insurance, which provides lifelong protection. It also provides auto, motorcycle, RV, boat, health, and flood insurance. Additionally, it offers homeowners' and renters' insurance.

License Verified:

License: 160227

Louisiana 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.
4.8
Google
4.0 / 5 (22)
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Brightway, The Ingram Agency logo
Visit WebsiteWebsite

License Verified:

License: 720096

Louisiana Department of Insurance

Brightway, The Ingram Agency

5241 Highland Road, Baton Rouge, LA 70808
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Brightway, The Ingram Agency is an independent insurance agency that caters to individuals in the Baton Rouge area. It provides life insurance that allows policyholders to protect their family's financial future in the event of untimely death. The agency also helps clients obtain coverage for their properties and vehicles. Its agents value long-lasting relationships with customers and utilize their industry knowledge to shop and identify products that meet specific needs and goals.

License Verified:

License: 720096

Louisiana 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
4.0 / 5 (59)

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
Coastal Louisiana Insurance logo
Visit WebsiteWebsite

License Verified:

License: 761453

Louisiana Department of Insurance

Coastal Louisiana Insurance

1669 Lobdell Avenue, Baton Rouge, LA 70806
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Coastal Louisiana Insurance is an independent insurance agency located in Baton Rouge that serves individuals, families, and businesses. Founder Jeremy "Jay" Robicheaux has over 12 years of experience in the insurance, financial advisory, and real estate investment industries. Together with a team of agents, he uses his expertise to create personalized insurance solutions to meet each client's specific needs. Personal products include life insurance, health insurance, homeowners' insurance, and renters' insurance. Business solutions include general liability insurance and workers' compensation.

License Verified:

License: 761453

Louisiana 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 (11)
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Cordell Insurance logo
Visit WebsiteWebsite

License Verified:

License: 767159

Louisiana Department of Insurance

Cordell Insurance

8064 Summa Avenue, Baton Rouge, LA 70809
Visit WebsiteWebsite
  • Life Insurance

Business Description

Cordell Insurance has been helping individuals and families in Baton Rouge with their insurance needs since 1977. Founded by David Cordell, the independent agency provides clients coverage for life, home, auto, flood, umbrella, RV, boat, and watercraft insurance. It represents many insurance companies, such as Progressive, Safeco Insurance, Liberty Mutual, and Gulf States Insurance. The philosophy of Cordell Insurance is reflected in its motto: “The greatest compliment we can receive is a referral from our friends and policyholders.”

License Verified:

License: 767159

Louisiana 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)
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
Crown Standard Insurance Agency, LLC logo
Visit WebsiteWebsite

License Verified:

License: 337437

Louisiana Department of Insurance

Crown Standard Insurance Agency, LLC

720 North Alexander Avenue, Gonzales, LA 70737
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Crown Standard Insurance Agency, LLC is a family-owned and independent agency that serves its clients in Baton Rouge and nearby communities. It provides more than 30 insurance products and represents more than 70 insurance companies that give its clients the advantage to select the appropriate coverage that fits their financial circumstances and objectives. Its agents have more than 50 years of combined experience in the industry. Crown Standard Insurance Agency, LLC also offers auto, home, business, and health insurance policies.

License Verified:

License: 337437

Louisiana 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.
4.6
Google
4.3 / 5 (11)
Facebook
5.0 / 5 (8)

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
Cypress Insurance logo
Visit WebsiteWebsite

License Verified:

License: 262442

Louisiana Department of Insurance

Cypress Insurance

1250 SW Railroad Ave Suite 110-B, Hammond, LA 70403
Visit WebsiteWebsite
  • Life Insurance

Business Description

Cypress Insurance is an independent insurance agency serving families and businesses in Baton Rouge and its surrounding areas. Its agents assist with finding insurance policies the work according to the clients' needs. Its agents meet with clients with auto, home, life, and flood insurance and go over the details of the property and assets damages and assess which coverage is to be provided. It also helps small and large business clients with business insurance needs such as general liability, property, and workers' compensations.

License Verified:

License: 262442

Louisiana 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.
4.2
Facebook
5.0 / 5 (3)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Garris Wilcox logo
Visit WebsiteWebsite

License Verified:

License: 331708

Louisiana Department of Insurance

Garris Wilcox

206 South Range Avenue, Denham Springs, LA 70726
Visit WebsiteWebsite
  • Life Insurance

Business Description

Garris Wilcox is a life insurance agent serving clients in Baton Rouge and the surrounding areas. He has been in the industry since 2000 and has established Wilcox Insurance Agency, Inc., where he leads a team of professionals with over 50 years of combined industry experience. Wilcox and his team cater to individuals and businesses, providing a wide range of insurance options, including life, home, auto, business, and health insurance. They also offer banking, annuities, mutual funds, and property insurance.

License Verified:

License: 331708

Louisiana 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 (73)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Group Insurance Inc. logo
Visit WebsiteWebsite

License Verified:

License: 114865

Louisiana Department of Insurance

Group Insurance Inc.

3636 South Sherwood Forest Boulevard, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Life Insurance
  • Individual Plans
  • Group Plans

Business Description

Group Insurance Inc. has been offering its services to residents of Baton Rouge and the rest of Louisiana for more than 50 years. It offers individual and group plans, including life, disability, group health, and short-term and long-term medical insurance. In addition, the company partnered with Alliant Insurance Services that specializes in employee benefits, risk management, and consulting. Group Insurance Inc. also provides senior citizens with insurance plans, including Medicare Advantage and Medicare supplement policies.

License Verified:

License: 114865

Louisiana 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)

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
––
Insurance & Financial Services, Inc. logo
Visit WebsiteWebsite

Insurance & Financial Services, Inc.

3466 Drusilla Lane, Baton Rouge, LA 70809
Visit WebsiteWebsite
  • Life Insurance

Business Description

Insurance & Financial Services, Inc., is an independent insurance agency that offers life insurance policies to clients in Baton Rouge. It also provides individual health insurance, flood insurance, home insurance, and auto insurance plans. Its list of business insurance policies includes commercial auto, commercial property, workers' compensation, general liability, business owner's policy, and employment practices liability insurance. Additionally, the agency handles risk management services and employee benefit consultations. Its CEO, Brad Daigle, has been in the insurance industry since 1991.

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
John Hendry Insurance Agency, Inc. logo
Visit WebsiteWebsite

License Verified:

License: 94125

Louisiana Department of Insurance

John Hendry Insurance Agency, Inc.

4833 Main Street, Zachary, LA 70791
Visit WebsiteWebsite
  • Life Insurance

Business Description

Serving Baton Rouge, John Hendry Insurance Agency, Inc., is an independent agency providing a range of insurance solutions to individuals, families, and businesses in the metro. It offers personal insurance products such as life insurance, home insurance, auto insurance, motorcycle insurance, boat insurance, and excess liability insurance. The company also has commercial insurance options like commercial auto, commercial property, commercial liability, and employment practices insurance. John Hendry Insurance Agency was established in 1980.

License Verified:

License: 94125

Louisiana 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.
4.5
Google
4.0 / 5 (4)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Ken Kenelly logo
Visit WebsiteWebsite

License Verified:

License: 193915

Louisiana Department of Insurance

Ken Kenelly

13234 Perkins Road, Baton Rouge, LA 70810
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

Ken Kenelly is an insurance agent who has been with State Farm since 1986. He caters to clients in Baton Rouge and nearby areas. He offers life insurance products, such as term, whole, and universal, covering college tuitions, debt settlements, and mortgage payments. Moreover, he provides business, commercial auto, flood, home, and renters' insurance plans. Ken speaks both English and Spanish, allowing him to accommodate Spanish-speaking clients. He has received various State Farm awards, including the Chairman's Circle and Legion of Honor.

License Verified:

License: 193915

Louisiana 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 (19)
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
Lewis Mohr Real Estate & Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 31513

Louisiana Department of Insurance

Lewis Mohr Real Estate & Insurance Agency

11051 Coursey Boulevard, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Life Insurance

Business Description

Located in Baton Rouge, Lewis Mohr Real Estate & Insurance Agency has been serving the entire state of Louisiana for more than 50 years. It offers both individual and group life insurance, as well as group health insurance. Other insurance products that it offers include homeowners' insurance, auto insurance, and general liability insurance. Owner Jeff Mohr has been working in the insurance industry for more than three decades. Lewis Mohr Real Estate & Insurance Agency is a Trusted Choice Agency.

License Verified:

License: 31513

Louisiana 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.
4.9
Google
4.0 / 5 (23)
Facebook
5.0 / 5 (8)

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
Preferred Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 715357

Louisiana Department of Insurance

Preferred Insurance Agency

11847 Bricksome Avenue, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Individual Plans
  • Life Insurance

Business Description

Preferred Insurance Agency of Louisiana offers insurance policies to many individual and business clients residing in Baton Rouge. The company offers life, auto, home, and business insurance. They have established connections and partnerships with many insurance providers to give their customers a wide range of options to choose from when it comes to their insurance policies. Their team of experienced insurance agents prioritizes what the customer needs and presents them with options matching their coverage needs.

License Verified:

License: 715357

Louisiana 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 (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
The Beaucoudray Group logo
Visit WebsiteWebsite

License Verified:

License: 764455

Louisiana Department of Insurance

The Beaucoudray Group

5515 Superior Drive, Baton Rouge, LA 70816
Visit WebsiteWebsite
  • Life Insurance
  • Health Insurance

Business Description

The Beaucoudray Group is a life insurance company that offers short-term disability, long-term care, and health insurance plans. Based in Baton Rouge, the company also specializes in assisting customers needing insurance coverage for cancer and accident plans. Debbie Beaucoudray, the president and CEO of the company, acquired her Louisiana Life and Health Insurance license in 1996. She is also an active member of the National Association of Health Underwriters and the Health Agents for America.

License Verified:

License: 764455

Louisiana 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
3.0 / 5 (9)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
Troutman Insurance Agency logo
Visit WebsiteWebsite

License Verified:

License: 820883

Louisiana Department of Insurance

Troutman Insurance Agency

2905 Government Street, Baton Rouge, LA 70806
Visit WebsiteWebsite
  • Life Insurance

Business Description

Troutman Insurance Agency is an independent firm that serves clients in Baton Rouge and the surrounding areas. It customizes life insurance policies that provide financial security to clients and their families or dependents. It also offers risk protection plans for homeowners, health, motorcycles, cars, and boats. Other programs provided by the agency include commercial liability, inland marine, and cyber liability insurance. Its agents educate clients on the different facets of insurance to help them make informed decisions for their future.

License Verified:

License: 820883

Louisiana Department of Insurance

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
United Partners Insurance logo
Visit WebsiteWebsite

United Partners Insurance

13702 Coursey Boulevard, Baton Rouge, LA 70817
Visit WebsiteWebsite
  • Life Insurance
  • Individual Plans

Business Description

United Partners Insurance is a company that specializes in financial services and insurance solutions serving Baton Rouge and the surrounding areas. It provides different types of insurance coverage for individuals, families, and businesses, namely homeowners', auto, and life insurance plans. It also offers financial services, including student loans, annuity, and Roth IRA. United Partners Insurance is under Horace Mann Agency and is a recognized investor by the Baton Rouge Area Chamber.

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 (41)

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