Through every step of the process and at every stage in your life, we’re in the business of helping you take care of your family.
We know it can feel overwhelming to try to understand life insurance, so we want to make it simple and accessible.
There are several types of life insurance products. The most common are term, permanent, and final expense insurance. While premium and coverage amounts can vary greatly, the basic idea is the same. You purchase a policy and pay your premiums, and your beneficiaries receive a sum of money after you die to help maintain their lifestyle and provide financial security for the future.
Your family decides where the money is most needed. The money can help cover immediate expenses like funeral and medical bills, as well as ongoing expenses like housing and education. It’s protection that offers support and peace of mind for you and your loved ones.
Every family is different. Learn more about the kinds of products available through eFinancial, including term, permanent, and final expense insurance, to decide which is best for you.
There’s no single formula for how much life insurance you need. Get a personalized estimate with our term insurance calculator, so you can begin planning for your family’s financial future.
Still feeling a little lost? Here’s our glossary of life insurance terms and definitions to help you shop more confidently.
Life insurance is a type of insurance policy that protects your loved ones financially if something happens to you. If you pass away while your life insurance policy is in effect, your beneficiary will get a cash payment that’s typically tax-free and comes with no strings attached. They can use those funds to pay for day-to-day living expenses, a mortgage, college loans, your final expenses, or any other financial needs.
You can choose from either term life insurance, an affordable type of life insurance that you can buy for a set period of time, or permanent life insurance, which provides lifelong coverage as long as you pay your premiums. Consider comparing life insurance quotes online to better understand what fits your budget and needs.
Buying life insurance can help you meet these needs and stay prepared for what the future brings. eFinancial is here to help you get started.
Wondering if you can afford life insurance coverage? The peace of mind that life insurance provides is priceless, and it often costs less than you think. In fact, a recent study found that most people think the cost of life insurance is three times higher than it actually is. A $250,000 term life policy for a healthy 30-year-old woman can start as low as $15 a month with eFinancial.
Some factors that affect the cost of life insurance include:
Learn more about the life insurance buying process here.
At eFinancial, we work hard to make sure you get an accurate online life insurance quote.
We believe in personalizing your entire life insurance experience, which means we’ll go beyond the basics. Of course, keep in mind that an online quote is only a starting point. Our online guide can estimate your life insurance rates, but our licensed agents will work closely with you by phone to further customize your quote around your exact needs.
Not necessarily. The law states that the price of any insurance policy is the same whether you buy from the life insurance company itself, an agent, or a broker. That means you’ll find the same rates shopping directly with a life insurance company or shopping with eFinancial, while also enjoying the convenience and guidance our agents can provide. At eFinancial, our team can help you compare and purchase term life insurance, permanent life insurance, and final expense insurance from top-rated companies. Our goal is to make buying life insurance easier, faster, and more affordable, so you can protect your family with confidence.
A medical exam may be required to see if you qualify for the policy you want and to determine the rate you will pay. This exam is about 20-30 minutes long and performed by a certified paramed. The paramed will record your blood pressure, pulse, height, and weight and record answers to questions about your medical history. Depending on the health information you give in your application, you may also need to provide blood and urine samples and take other tests. The exam is done at a location of your choice and performed at no cost to you. Learn more about medical exams.
The younger you are, the easier it is to get lower rates and flexible policy options. And if you’re single and established in your career with family members who rely on you financially, life insurance can offer important protection. A term life policy is a great way to make sure those student loans and credit card debts will be covered if the worst happens. Continue the care and support for the people you love most and create your backup plan for the future.
As a couple, you may depend on two incomes to cover living costs. A life insurance plan will help your partner cover unexpected funeral costs, debts, and daily expenses if something happens to you. You’ll have peace of mind knowing they can maintain the quality of life you built together.
You want to be sure your family is taken care of now and as they grow. Life insurance offers financial support for lost income, childcare costs, and support for your children’s future education or special needs. If you are going through a divorce, a policy can also help lessen the stress of mortgages, debt, or child support payments.
As you get older, you may wonder if life insurance is still necessary. A life insurance policy can help your surviving partner or spouse maintain their quality of life during retirement. There are also plans designed to ease the burden of end-of-life expenses.
A permanent life insurance policy doesn’t just offer lifelong coverage and financial protection, it may also build cash value. You can use that value to help with estate planning and leave a legacy for your loved ones.
