What is a good life insurance company?

I have been looking into Garden State and Globe. Do any of you use them? Who do you use as your life insurance holder? I am going to look around Monday with local companies but I have been looking around online. It will be for myself, my husband, and your 1 year old daughter(only a small one in case something happened and it would be for burial).

What is a good life insurance company?
There are several top life insurance companies you can learn about and compare rates and plans online before you meet with an agent.





Some of the leading life insurance companies include Prudential, MetLife, Northwestern Mutual, ING, Banner Life and Mutual of Omaha.





First, consider how long you need life insurance, what goal you want to provide for, and how much coverage you need and can afford.





You can compare rates and plans online from a life insurance quote provider service and get free quotes from leading insurers.





Efinancial offers free life insurance quotes online. You just fill out one form and get up to 12 Instant Quotes from top-rated insurance companies. There is no risk and no obligation. Thata way you can find the most competitive rates before you meet with an insurance agent. To request your Free Quotes, visit https://www.efinancial.com/smartquoteefc...





You can request free quotes for life insurance for you, your husband, and your daughter.





When you compare rates make sure to consider the financial strength rating. You want an insurer rated at least "A" Excellent by AM Best for financial strength. Also, compare several quotes because rates can vary between companies.





Level term life insurance is common among young families because it can provide you with the maximum amount of protection at the lowest rates. Your rates and coverage amount is guaranteed to remain the same for up to 30 years. So, if you want life insurance to protect your daughter until she has graduated from college (for example) or until the mortgage is paid off, you may want this type of life insurance.





Here's How Term Life Insurance Works:





Term life insurance offers life insurance protection for a specific number of years. It builds no cash value, you pay only for the life insurance. That's why term life is less expensive than permanent life insurance. So you can afford more protection for your loved ones.





Term life insurance lasts for a specific number of years, from 1-30 years. The most common term is 10 or 20 years.





Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy. For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.





Usually, term life costs less than permanent life insurance.





At the end of the policy term, the insured is no longer insured, and a death benefit is no longer paid. Some term life insurance policies are renewable, or can be converted to permanent life insurance.





Term Life Insurance Has Three Standard Features:





Level


Usually, the annual premium for the policy paid by the insured stays the same each year. The face amount of the policy also stays the same. Level term life insurance policies can usually last up to 30 years.





Convertible


Before the end of the term for the policy, the life insurance policy owner may be able to convert the term life insurance into a permanent life insurance policy. The owner usually has a specific number of years during the term life insurance policy to convert the policy. The premiums usually increase for the permanent life insurance.





Renewable


Term life insurance policies that are renewable offer the owner the option of renewing the life insurance policy at the end of the policy term, up to a specific age limit (usually age 65 or 70).





For example, a 15 year policy may be renewed for another 15 years. If the policy is renewed, a medical exam may be required. The term life insurance premium will usually increase when the policy is renewed.





Also, for your daughter you may want to consider Globe Life for Children. Globe Life is rated "A+" Excellent by AM Best. They have more than 2.5 million policyholders. They have been offering life insurance since 1951. You can learn more about Globe Life for your daughter at http://www.term-life-online.com/life-ins...





I hope that helps! Best of luck to you and your family.





Have a Happy and Safe New Year!!!
Reply:I bought life insurance through Primerica Financial Services. They educated me about how money works, put me in a game plan to get out of debt, and help me get started saving for retirement. They even gave me a free financial needs analysis, which is really a great tool to have if you have financial goals in your life and you need a plan to achieve those goals.





You can check them out at http://www.primerica.com





In the meantime, you should educate yourself about the different types of life insurance out there by reading this blog: http://finance1o1.blogspot.com
Reply:Kind of like asking "What is a good car?". You get a hundred different opinions and it leaves you wondering what is the correct answer.





First off you are right to call a local agent. Call an independent agent who represents more than a single company. The agent that writes your home and auto insurance might be an independent agent. If you call an agent that represents just one company don't be surprised when they tell you the company they represent is the best company for you.





You will have this policy for 20 years or more so the financial stability of a company is an important consideration. Have the agent give you the A.M. Best rating or you can go on line to http://www3.ambest.com/ratings/default.a...





The other thing you will need to decide is the type of insurance you will purchase. Most people buy term insurance but that doesn't mean that a permanent policy might not be right for you considering the fact that you will want to keep the policy until your child completes her college education (20 years).





The key is to find a trusted adviser to give you objective advice.
Reply:Contact a local independent agent in you area. He/she should be experienced and have access to multiple companies to get you a competitive deal. Many companies give financial needs analysis programs to their agents. The agent should be able to find out your needs free of charge.