How to Compare Life Insurance Policies Online — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

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Getting a life insurance quote online puts you in control and can be much easier than using an agent or broker. here’s how find life insurance online if you are in the market.

What is life insurance and why do you need it?

Life insurance is an agreement between you and an insurance company that guarantees to pay your named beneficiary a lump sum upon your death.

Have a life insurance can put your loved ones in a better financial position in the event of your death. You’ll have peace of mind knowing that your family members can cover burial or cremation costs as well as day-to-day expenses such as dependent care or paying a mortgage.

What type of life insurance do you need?

Before you start your search for life insurance, you need to know what type of life insurance is available to you. Different types of life insurance can benefit you in different ways depending on how long you have coverage and how much you are willing to spend. The two most common types of life insurance are term life insurance and whole life insurance.

Term life insurance

Term life insurance is a policy for a limited period, usually between 5 and 30 years, and provides a death benefit to your beneficiary when you die. Your life insurance will expire once the term is over.

Term life insurance is one of the most affordable life insurance options available, but certain factors can change the price of your premium, such as health complications and the need for extended coverage or a larger death benefit.

Whole life insurance

A whole life insurance policy is a long-term policy that lasts your lifetime. Whole life never expires as long as you can make your monthly premium payments. Unlike a term life insurance policy, your premium payments are guaranteed to remain at the same level throughout your lifetime, and the death benefit will certainly be paid as long as your plan remains active.

A whole life insurance policy also offers a cash value with a guaranteed minimum rate of return, which you can withdraw during your lifetime if needed.

How much life insurance do you need?

Once you know what kind of life insurance you need, the next question is how much coverage you should buy. The amount of life insurance you need will depend on your finances, age, health, and how much you think you’ll need to pass on to your beneficiaries. The amount of your policy payment should be able to cover your debt and household expenses after you die. Expenses can include your children’s school fees, your mortgage payment, your car payments, and any debt you may have incurred over the years.

The essential

When comparing life insurance policies online, the best thing to do is browse multiple policies and companies. Comparing life insurance is something you don’t want to rush. It’s best to get quotes from at least three life insurance companies, but the more the better. Keep looking until you find the policy and price that best suits your needs, because your decision can last a lifetime.

Do you have any current advice? Call us at (661) 298-1220 or email newstip@hometownstation.com. Don’t miss a thing. Get the latest KHTS Santa Clarita News alerts straight to your inbox. Report a typo or error, email Corrections@hometownstation.com

KHTS FM 98.1 and AM 1220 is Santa Clarita’s only local radio station. KHTS mixes a combination of news, traffic, sports and features with your favorite adult contemporary hits. Santa Clarita News and Features are broadcast throughout the day on our airwaves, on our website and on various social media platforms. Our KHTS award-winning daily newsletters are now read daily by over 34,000 residents. A vibrant member of the Santa Clarita community, the KHTS broadcast signal reaches throughout the Santa Clarita Valley and parts of the high desert communities located in Antelope Valley. The station broadcasts its talk shows on the web, reaching potentially global audiences. Follow @KHTSRadio on Facebook, Twitterand instagram.

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