If you are interested in comparing life insurance policy quotes online, you are looking to make an educated decision that will affect your family's future.
Smart choice, but beware.
Not everything is as it seems.
There are several sites that allow you to compare life insurance quotes that ONLY show price comparisons.
In order for you to make a good decision, you've got to have the policy details that each company offers, as well.
Comparing insurance quotes by price alone, is a grave mistake.
One company may offer you a $500,000.
00 term life policy for $28.
00 a month, while another charges a premium of $58.
00 a month for the same coverage.
The difference between the two policies is what you need to focus on.
You may find that the $58.
00 premium for half a million is a better deal, based on the benefits that the policy offers.
Term life vs whole insurance is a common question in the minds of people looking for coverage.
It's definitely something to consider.
Whole life does cost more than term, but there are good benefits to whole life.
Whole life insurance is permanent coverage that lasts your "whole life".
It builds cash value and the premium charges, death benefits and other monetary elements of the policy are 100% guaranteed not to change.
Term insurance is  the most bang for your buck.
It's much cheaper than whole life, therefore you can get a "bigger" policy for less money.
However, it's only temporary and is sold based on the length of time you'll be covered.
Frequently, this is in 5, 10, 20, or 30 year terms (period of time policy will be in force before renewing).
When a term policy does renew, you can expect your premiums to increase, dramatically.