A well-planned life insurance policy enables your loved ones to cover their immediate cash needs in the event of your death, but should also replace your income so that your family maintains their current standard of living. We believe in providing families with a benefit that can be invested conservatively, generating interest earnings sufficient to pay monthly expenses.

Life Insurance.net is the easy way to get a Term, Whole,or Universal Life Insurance quote that's designed for you. We invite you to take the first step toward a more secure future!

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Life Insurance Basics

life insurance quotesFounded in 1996, LifeInsurance.net makes it easier than ever to find the right insurance policy for your family. A nationally recognized life insurance agency, we bring our clients access to a large network of A and A+ rated life insurance companies. We strive every day to deliver value, financial security and peace of mind.

LifeInsurance.Net has been featured in YourMoney Magazine, Bests Review, Money Magazine, Forbes.com and elsewhere.

What type of Life Insurance Coverage do you really need?

Life Insurance comes in two basic flavors, Term Life Insurance and Permanent Life Insurance. If you are clear on WHY you need a life insurance policy, it is generally clear which kind of life insurance plan is appropriate for you.

Term Life Insurance Policies are disaster management tools.

Permanent Life Insurance Policies are inter-generational wealth transfer tools.

Term Insurance

If you are a parent, and have a spouse and children dependent on you for income it would be financially disastrous if you died prematurely. Term Life Insurance plans are designed as risk management tools to cover that financial loss. Term Life Insurance insures you against death for a specified number of years and then ends (the Life Insurance Policy Term).
e.g. If you buy a 10 year term life insurance policy and die in the eighth year, the carrier will pay the full life insurance benefit defined in the policy. If, however, you die in the eleventh year, the policy will have expired and you will have no life insurance coverage in force.
The cost of term life insurance is significantly lower than the cost of permanent life insurance policies, because statistically EVERYBODY OUTLIVES THEIR TERM LIFE INSURANCE POLICY. We often speak to clients who feel that they've wasted money if they don't die and collect on their term life policies.

We just remind them that Dying Is Bad.

Permanent Insurance

If you want to be sure that your life insurance is in force whether you live to 60 or to 90, then you need a permanent life insurance policy. You should never buy a term life insurance policy as part of an estate plan where you are counting on the cash becoming part of an inheritance. Often the least expensive option for pure insurance forever is a no lapse guaranteed universal life insurance policy.

At Life Insurance. Net we have years of experience working with families across the country on identifying their core life insurance requirements. We can provide competitive term life insurance quotes, or universal life insurance quotes from A and A+ rated life insurance companies in almost any state. Just fill out our online life insurance quote form or call us for a personal quote on life insurance for you and your family.

We believe that an educated consumer can ask the right questions and to find the best insurance solution. Our life insurance educational center will help you understand how insurance works, what carriers are looking for, and how you go about getting the life insurance policy that is right for you and your family.

Iowa Term and Universal Life Insurance

Iowa Life Insurance Resources

Universal Life Insurance allows you to choose from two death benefit options. Option A pays the death benefit out of the policy’s cash value; the more cash value you build up means the company is on the hook for less insurance (and therefore costs less). Option B pays the face amount stated in the contract, plus any cash values you accumulated over the years (costs more). Many UL Iowa Term and Universal Life Insurance policies today offer a no-lapse guarantee: as long as you pay the minimum designated premium, the policy will stay in force to age 100 (or even to age 120). However, paying the minimum guaranteed premium is rarely sufficient to build up significant cash values.

Iowa Department of Insurance: The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the insurance industry.

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Mississippi Term and Universal Life Insurance

Mississippi Life Insurance Resources

Survivorship Policies

Survivorship life insurance insures two people, usually a husband and wife, and provides a death benefit to the beneficiaries at the death of the second insured. These plans are primarily designed to provide cash for estate taxes or for business costs that must to be paid after both insureds have died.

Survivorship insurance contracts can be structured as ordinary life, graded premium life, or universal life policies. An important advantage of a survivorship contract is that its coverage costs less than the premiums for two separate policies with an total amount equal to the survivorship policy’s death benefit. More liberal underwriting means the Mississippi Term and Universal Life Insurance policy can be written even if one party has significant health issues.

Mississippi Department of Insurance  – The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the Mississippi Life insurance market.

Mississippi Life & Health Insurance Guaranty Association: The state life insurance guaranty association works to guarantee the safety of all Mississippi Life Insurance coverage, even in the face of an insolvency by a member life insurance company.

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Kentucky Term and Universal Life Insurance

Kentucky Life Insurance Resources

When you use Kentucky Term and Universal Life Insurance to replace income for your survivors, you might need to replace that income for a lifetime. If the surviving family was a two-income family, it takes time to adjust to one paycheck. If the insured was the sole wage earner with young children at home, the surviving spouse may need

  • Income while children under age 18 are still at home and dependent
  • Funds to meet college expenses
  • Income after the youngest child reaches age 18 until the surviving spouse reaches retirement
  • Additional income after the survivor retires and receives Social Security or a pension.

Kentucky Department of Insurance  – The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the Kentucky Life insurance market.

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Louisiana Term and Universal Life Insurance

Louisiana Life Insurance Resources

The underwriting requirements for Louisiana Term and Universal Life Insurance vary among companies. Some life insurance applicants may simply need to answer questions on an application taken by an agent. Or, they might need to take a brief medical exam. The Paramed exam generally includes a blood test, urine test, an an EKG. Whenever a medical or paramedical examination is required, the insurance company pays for the exam.

The need for an exam is usually based on three factors:

  • The proposed insured’s age
  • The amount of life insurance applied for
  • The proposed insured’s medical history.

Louisiana Department of Insurance  – The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the Louisiana Life insurance market.

Read more »

Term Life Insurance – Because dying is really a bad thing.

Since LifeInsurance.Net launched in 1999 as a place for serious consumers to get answers on life insurance, we’ve helped hundreds of thousands of reasonable, responsible adults get answers, advice and quotations on life insurance policies. Yet, almost every day I hear the same concern about term life insurance: “If I buy term life insurance and I don’t die, I’ll feel cheated. I’ll feel like I wasted my money.” I have to remind them that, in fact, dying is a bad thing. Read more »