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Life Insurance Finder

We help you compare online life insurance quotes in 5 minutes, filtering by your age and coverage.

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Compare cheap life insurance quotes from top companies

To save you thousands of hours of research, Finder partners with Policygenius to offer you multiple online quotes and help you find the best deal in minutes.

Data indicated here is updated regularly
Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 100 years old
$50,000
$10,000,000
5, 10, 15, 20, 25 and 30 years
No
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.
Ladder
20 - 60 years old
$100,000
$8,000,000
10, 15, 20, 25 or 30 years
Depends on policy
Term life insurance with no policy fees and a simple application process that can get you approved for coverage instantly.
Fabric
21 - 60 years old
$100,000
$5,000,000
10, 15, or 20 years
Depends on policy
Get affordable term life insurance with accelerated underwriting or no-exam coverage up to $1,000,000. Available in all states except CA, NY and MT.
Policygenius
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare affordable quotes from 12+ A-rated life insurance companies side-by-side.
Bestow
21 - 54 years old
$50,000
$1,000,000
10 or 20 years
No
Affordable 10- and 20-year term life insurance policies with instant quotes and no medical exams.
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This article was reviewed by Andrew Flueckiger, a member of the Finder Editorial Review Board and certified insurance counselor and licensed insurance agent in five states.

Finder’s life insurance experts have spent over 500 hours analyzing quotes and policies from 100+ companies, fact-checking their approval process, age cutoffs, medical exam requirements and more. We highlight the fine print as well as each company’s strengths and downsides.

Read accurate, unbiased reviews that help you narrow down insurers to meet your lifestyle and budget.

Just some of the brands we’ve reviewed

  • AIG
  • Legal & General
  • Globe Life
  • Gerber Life Insurance
  • New York Life
  • Prudential

Compare all reviews

What life insurance rates should I expect?

The average cost for life insurance is less than $50 a month. For example, a $500,000, 20-year term life policy for a healthy person between ages 25 and 40 costs around $28 a month.

However, your rate depends on many factors like your age, gender, health, job or smoking habits. The coverage amount, term length and the type of policy come into play too.

Insurers weigh factors differently, which is why it’s important to compare quotes from multiple companies.

How much coverage should I buy?

Choosing the right amount of coverage, known as your policy’s face value, comes down to how much you can afford. When you’re doing the math, factor in:

  • Income. The golden rule is to buy a policy that would replace your income and cover your family’s cost of living for five to 10 years. To do this, multiply your salary by five or 10.
  • Assets. Throughout your life, you may gain assets like a house, car or 401(k) that your life insurance policy should protect. Add the value of these assets to your coverage amount.
  • Financial responsibilities. Total all of your expenses now and any future expenses you can expect, including childcare or college tuition.

Life insurance quote comparison

To find the best deal on a comprehensive life insurance policy, look at coverage amounts compared to your premiums and other features that attract you to an insurer, including:

  • Minimum and maximum coverage. Learn your insurance policy’s limits and what your loved ones will receive after you die. Some insurers cap coverage for specific careers and age groups.
  • Age restrictions. Research whether your age will affect getting approved or whether a policy stops covering you at a certain age. Seniors may find limited insurance options.
  • Policy features and riders. If your policy’s features don’t offer the flexibility you’d like, ask about riders that can customize your policy.
  • No medical exam policies. You can buy coverage without taking a medical exam or with just a short health questionnaire, though this policy may cost more than standard policies.
  • Combining different policies. You might buy multiple policies through one company for a cheaper rate than separate insurers, such as standalone disability income, critical illness and life insurance policies.
  • Specialty policies for your job. If you encounter risks on the job, make sure a policy doesn’t exclude paying out for those situations. You could buy from insurers that specialize in your field.

Life insurance definitions

If you see insurance terminology that you don’t know, use our life insurance definitions to make sure you understand every detail about your policy.

How does life insurance work?

Life insurance works by letting you pay a premium to get financial protection in case you die. When you die, your insurer pays a death benefit to anyone you named on your policy, called beneficiaries.

Your life insurance policy is a financial safety net for your loved ones, helping them pay the bills and letting them focus on healing after you die.

Who needs life insurance?

If you have loved ones who depend on you financially, you most likely need life insurance. Your policy can help provide for their needs when you’re gone.

Those with the greatest need for life insurance are:

  • Parents with children or other dependents
  • Breadwinners
  • Those with co-signed debt
  • Business owners
  • Homeowners
  • Those with medical expenses
  • Wealthy individuals planning their estate
  • Stay-at-home parents or partners
  • Those who may need future long-term care

Take our quiz: Do you need life insurance?

How do I buy life insurance online?

1. Compare policies

Get quotes from a range of insurers to find a policy that suits your budget and needs. Once you’ve settled on a policy, choose your coverage amount and select riders.



2. Apply for coverage

Submit your personal and contact details, as well as information about your income and employment. You might have to fill out a health questionnaire or take a medical exam, too.



3. Pay your premium

Your insurer will charge a monthly or annual premium to keep your policy active. Try to make timely payments to avoid a policy lapse.



Can I get coverage if I have a medical condition?

Having pre-existing conditions like heart disease complicates getting life insurance, but you can find a policy. Boost your chance of getting approved:

  1. Explain your condition. Give the name of your condition, details about your medications and list any treatments or surgeries you’ve had.
  2. Request a doctor’s letter. Your insurer will ask for an Attending Physician’s Statement, so you’ll need to contact your doctor about this official letter.
  3. Apply with multiple insurers. Since some insurers are more lenient than others, get multiple quotes to score the cheapest rate.
  4. Take a medical examto set your risk level. If your results aren’t ideal, you might apply for a no-exam policy, but brace for higher premiums.

When is life insurance paid out?

The death benefit is paid out when you die, typically as a lump sum — but you can specify paying the death benefit in installments or annuities. Your beneficiaries can use the money however they wish, including:

  • Mortgage payments
  • Living expenses — like utilities or car insurance
  • Cosigned debt that won’t disappear when you die — like student loans or credit cards
  • End-of-life expenses — including funeral costs and medical bills
  • Child care
  • Long-term care — like a nursing home or medical expenses for ailing parents
  • College tuition

Is the death benefit taxed?

No, the death benefit isn’t taxable income, unless your estate is worth more than the IRS threshold. If so, your estate will be subject to federal estate taxes. The life insurance payout is considered part of your estate.

Can I access the money before I die?

You can tap into your policy while you’re alive in several ways, including:

Living benefits riders

Some insurers offer living benefits riders that offer early payments in certain cases. Types of living benefits:

  • Accelerated death benefit. If you’re diagnosed with a terminal illness, this rider pays a portion of the death benefit.
  • Critical illness. If you’re diagnosed with a critical but not terminal illness like heart disease or stroke, this rider pays a lump sum.
  • Disability income. If you can’t work due to total disability, this rider will pay a monthly benefit for a specific period of time.
  • Long-term care. If you’re diagnosed with a chronic illness, you can use the death benefit to pay for a nursing home or similar expenses.
Cash value in permanent policies

These policies accumulate cash value over time. Once you’ve built up enough cash value, you can begin to borrow against your policy.

What are the types of life insurance I can buy?

Life insurance plans are lumped into several main types of life insurance: term, permanent, no-medical exam and group life policies.

Group life insurance

  • A type of term life insurance offered as an employee benefit


Compare the main types of life insurance

Features like whether a policy is permanent or temporary or has fixed monthly premiums could help you decide which policy type is right for you.

FeatureTermWholeUniversalVariable
Lifelong coverage
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Requires medical exam
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Fixed premiums
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Builds cash value
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Offers tax-free loans
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What life insurance riders can I get?

Most insurers allow you to dress up your policy with riders, including these popular ones:

  • Conversion rider. Lets you convert term to permanent life insurance within a time frame.
  • Waiver-of-premium rider. Waives premiums if you become unemployed or fully disabled and can’t work.
  • Child rider. Pays out if your child dies, and typically expires when your child gets married or turns 25.
  • Return-of-premium rider. Reimburses you for premiums paid if you outlive your term life policy.
  • Guaranteed insurability rider. Lets you boost coverage without another health questionnaire or medical exam.
  • Cost-of-living rider. Keeps your policy’s death benefit in line with inflation.

    Common questions about buying life insurance

    Read more on this topic

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