Recommend your life insurance provider

[Anonymous]

is there an advantage of just researching myself and say using aaa.com or zander insurance or going through my financial advisor/broker? can you cancel life insurance at any time and renew with a different provider? DH and I are looking for $1mm policies each, we are 38 with 3 kids under 6 and both work full time. Total income together $250k+. current mortgage of $560k. Thinking a 20yr term.

Thanks

[Anonymous]

new york life gave the best deal to me.
paid something like 200k for a whole life in the 70s. I am now in my 70s and have 6M accumulated value.

[Anonymous]

Not sure about doing yourself vs through a broker. They definitely earn commissions so there is that.

You can definitely not pay / cancel at anytime in the term but bear in mind as you get older your rating will hangs and your premiums may go up. So it's better to shop around and get a good rate now vs just buy something and continue to shop down the road.

[Anonymous]

If you are buying term life insurance, it is pretty much a commodity product, so go with where you can get the cheapest rates. I find it is easy to shop at intellequote.com

If you have a complicated mrdicalplan history and need someone to haggle with underwriting, then maybe use an agent.

You can always cancel a term policy. But there are no guarantees you can get a new one as you age, or that the price won't be higher.

[Anonymous]

Best website for life insurance... term4sale.com. research prices on your own and then call any broker to buy. If you have health issues call one of the brokers because they know which companies are more favorable depending on the issue.

[Anonymous]

Prudential. Did it ASAP, rates for your DH will probably go up when he's 39. My DH's (who is in great shape and no issues) policy costs 3x as much as mine.

[Anonymous]

I am not dead yet so not sure if mine is any good (yet).