Compare Life Insurance Quotes With Smithfin
Life insurance can be complicated. Whether you’re trying to create peace of mind for the future of your family or preparing for retirement, you need to compare life insurance quotes and plans to make sure you have the right strategy for your situation.
At Smithfin, we empower you by providing you a free needs analysis and a life insurance comparison of multiple companies.
Comparing life insurance is really to shop for life insurance. Unless you already have extensive knowledge of various life insurance policies, you should consider several different companies.
The fastest and most reliable way to compare life insurance plans is to get multiple quotes from an online referral service, like Smithfin. We are like your personal shopper as well as your advocate!
Not only will you be able to compare life insurance quotes from several different, reputable companies, but you’ll be able to do so from the comfort of your own home and at your own pace. You can take the time you need to feel confident about your decision.
Technology has made looking for life insurance easier and more efficient. In fact, power has been given back to the consumer by providing multiple online life insurance quotes.
Consumers do not have to settle, for example, with what their locale auto agent quotes them because at Smithfin we force insurers to compete against each other which allows the consumer to compare premium prices side by side, without any sales pressure. We put the pressure on the insurance companies themselves.
Moreover, we understand that people have different health issues and some are considered high risk so we try to write as many articles as we can to help educate consumers so they can understand how their health issues will affect their life insurance choices.
After you receive your life insurance policy from Smithfin, we will still be there for you to answer any questions you may have and to further guide you towards your financial well being.
To put it simply, at Smithfin we save you time, money and frustration while creating a lasting legacy.
Common Types of Life Insurance
Term Life Insurance
Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Whole Life Insurance
Whole life insurance, or whole of life assurance, is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy.
Universal Life Insurance
A type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate of 2%. When an earnings rate is pegged to a financial index such as a stock, bond or other interest rate index, the policy is a “Equity Indexed Universal Life” contract.
Variable Universal Life Insurance
Variable Universal Life Insurance is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner. The ‘variable’ component in the name refers to this ability to invest in separate accounts whose values vary—they vary because they are invested in stock and/or bond markets. The ‘universal’ component in the name refers to the flexibility the owner has in making premium payments. The premiums can vary from nothing in a given month up to maximums defined by the Internal Revenue Code for life insurance.
Contact us to learn more about the right life insurance for you.