Compare life insurance quotes online
Purchasing a life insurance policy is a big decision you shouldn't rush into. It's essential that you consider how much life insurance you and your loved ones require, what type of policy is best for you based on your needs and finances, and choose an insurance company you can trust.
Let Progressive help you compare quotes online to find the best life insurance rates and quality coverage you can count on.
Which life insurance policy is right for me?
In terms of coverage, experts recommend carrying life insurance that's 10 to 15 times your annual income if you can afford to do so. If you're trying to decide between a term or permanent life policy, this guide can help you decide.
- Consider a 10-year term if you're looking to supplement another policy, are close to retiring, or your finances are tight, but you want to provide your family some protection.
- Consider a 20-year term if you've started a family, or plan to soon, to provide a financial safeguard for your children until they reach the age of 18.
- Consider a 30-year term if you don't have children, or you have a child with special needs who will rely on your care even after they become an adult. Also, if you're carrying a mortgage or are the primary breadwinner, this may be the right option for you.
- Consider a permanent policy if you prefer ongoing coverage, as well as the option to withdraw or borrow against your policy's built-up cash value.
Keep in mind that a permanent life policy will cost more than a term life policy. Also, the longer a term life policy lasts, the more you'll pay. Learn more about how much life insurance costs.
Compare life insurance rates instantly
Life insurance rates are more affordable than you might think, starting at just $14 per month through eFinancial.* eFinancial works with highly rated life insurance companies to help bring you competitive rates and a variety of simplified life insurance options, such as RAPIDecision® Life — giving you the possibility to purchase life insurance with no exam.
You can instantly compare life insurance policy options and estimated rates from several leading life insurance companies for a quick and easy approval. Coverage options begin at $5,000 and go all the way up to $1 million. The younger and healthier you are, the more affordable your rates can be.
Learn more about life insurance
Have additional questions? Progressive Answers is your resource for all of your questions surrounding life insurance.