- Homepage
- All Insurance Types
- Life Insurance
Life insurance with an agent
Is your most important asset protected from life's uncertainties? Our local agents can help with life insurance. 800-835-0894
Talk about your options for life insurance with one of our local agents today
Comparion local licensed agents know the insurance world inside out. Our agents will guide you through the complex process of finding the right life insurance with offerings from trusted insurer, Protective Life.
Quote with an insurance agent
Do I need life insurance?
Life insurance allows you to provide a secure financial future for the people who depend on you - a spouse, children, or extended family. It can help pay the mortgage, cover outstanding debts, maintain the family's lifestyle, and help your children pay for college.
While you may receive a life insurance option through your employer, personal policies are not dependent upon your employment status and can travel with you throughout the course of your life.
We know it can be daunting to get started, which is why our life agents are here to help and to go over your options from Protective Life.
Find a life insurance agentWhat type of life insurance do I need?
Comparion insurance agents can offer you options to best fit your needs through Protective Life. There are two common types of life insurance to consider:
- Term Life
- Permanent Life
Term Life Insurance from Protective provides financial protection for a specific period, usually 10 to 40 years. Term Life Insurance is affordable, with fixed, level premiums.
Permanent Life Insurance from Protective provides a lifetime of coverage. It also offers potential for tax-advantaged cash value growth. A Comparion agent can discuss what options will work best for you and the needs of your family.
Find a life insurance agentWhy should I buy life insurance through an agent?
Personalized advice
Buying life insurance can feel overwhelming. A life insurance agent can explain your options in terms you understand, simplifying the entire process. They act as your personal advocate, ensuring you have the right coverage for you and your family.
Savings
Our agents are familiar with the life insurance industry and our partner, Protective Life. They'll do what they can to save you time and money while finding you the right coverage.
Peace of mind
Having a trusted advisor for this important type of coverage can provide peace of mind knowing you have someone to turn to for guidance. As your life circumstances change, your agent can periodically review your coverages and help you adjust them over time.
How much does life insurance cost?
A number of factors influence the price of life insurance. According to Protective Life, the these factors include the type of insurance, the amount and length of coverage, as well as your risk rating. Your age and family health history will also be taken into account, as well as certain habits, such as whether or not you use tobacco or drink alcohol excessively.
Term Life policies are often less expensive than permanent policies because they last for only a specific period of time with no cash value accumulation. While Permanent Life policies are often more expensive, they can earn cash value and they remain in existence as long as you pay your required premiums on time.
Which life insurance offers the best value for me?
Comparion local licensed agents will quote Protective Life and help you select the right policy with the best value comparing coverages, deductibles and other options.
FAQs about life insurance
- If you have someone you care about who would suffer without your financial contributions, life insurance is a must. Examples include your spouse, children, disabled family members, aging parents, or anybody else who relies on your income to live comfortably.
There are two main types of life insurance: term life insurance and permanent life insurance. Term life insurance pays a cash benefit to your loved ones (also known as beneficiaries) after the insured's death. The policy's term refers to how long it will last. Typical terms are ten, twenty, or even thirty years.
Permanent life insurance is more expensive but provides various advantages over term life insurance. The primary difference is it insures you for the rest of your life as long as you make your payments. Many people find it comforting to know that they will always be covered. Permanent life insurance also has the advantage of accumulating cash value over time, which grows tax-deferred, like assets in most retirement and college savings programs. A Comparion agent can help you find the best policy for you.
There's no way of knowing precisely how much money your loved ones will require if you pass away.
However, there are three simple methods for estimating that amount. Experts advise erring on the side of caution and purchasing a little more life insurance than you think you'll need.
Option 1: Multiplying your gross (or before-tax) income by 10 to 15 is one of the simplest ways to get a rough sense of how much life insurance to buy. Another popular formula suggests adding $100,000 to that figure to cover the costs of each child's college education.
Option 2: Calculate the immediate, ongoing, and future expenses that your family or loved ones would face if you died. This can include anything from funeral expenses, rent or mortgage payments, and college tuition.
Add up the financial assets that you and your family already have. This could include a spouse's income, savings, assets, and existing life insurance. Subtract your available funds from your projected expenses. The difference between the two figures is the approximate amount of life insurance that should be purchased.
Your agent can help you with these calculations and advise which policy type best fits your needs.