Best affordable life insurance for adults in 2022

Life insurance is important to prepare yourself for any challenges or unfavourable circumstances which can happen at any time in life. You need life insurance as a precaution to prepare yourself for such circumstances. In this article, we will see what the best and most affordable term life insurance for adults is this year.

Life insurance companies for adults are as follows.

  • Protective
  • Banner
  • Nationwide
  • Mutual of Omaha
  • Haven Life
  • Mass Mutual


Protective

The advantages of buying this insurance policy are the following

  • It offers term length insurance which is up to 40 years.
  • You can apply for this insurance online without an agent.
  • It also allows credit card payments for your insurance policy premiums
  • It is financially a very stable company
  • It has no medical examination policies
  • It gives online insurance quotes and applications.

The disadvantage of buying this insurance policy is

  • It does not have a good customer satisfaction record.

 

Banner

The advantages of buying this insurance policy are as follows

  • It offers a term length insurance policy which is up to 40 years.
  • It gives you an option to stack up against your coverage with term riders for savings 
  • It has a great record of customer satisfaction.
  • It gives you online insurance quotes and applications

The disadvantage of buying this insurance policy is

  • It does not accept credit card payments.

 

Nationwide

The advantages of buying this insurance policy are as follows

  • It accepts credit card payments.
  • It has particularly good customer-friendly ratings.
  • You can apply for this policy online without taking the help of every agent.
  • It has no medical examination policy for policies that are up to $5million.

The disadvantage of buying this insurance policy is

  • It has average-priced term policies.

 

Mutual of Omaha

The advantages of buying this insurance policy are as follows.

  •  It accepts credit card payments for buying the insurance policy.
  • It gives a variety of living benefits without any cost.
  • It has one of the top-rated carriers which offers a disability income rider.
  • It gives an option to connect with the agent online with a live chat.
  • It offers a return on premium term

The disadvantage of buying this insurance policy is

  • It rates low on customer satisfaction and has received a lot of complains.
  • You need to take the help of an agent to buy this insurance policy.

 

Haven Life

The advantages of buying this insurance policy are as follows

  • It has a smooth quote and application process
  • You can apply online without an agent.
  • It has an online chat feature

The disadvantage of taking this insurance policy is

  • Its policies cannot be converted into permanent coverage
  • It has lower or no medical coverage limits.
  • It has coverage only available for people who are up to 64 years of age.

Mass Mutual

The advantages of buying this insurance policy are as follows.

  • It is financially a very stable company with a great customer satisfaction reord.
  • It has good choices for term conversion options
  • It has a generous policy of no medical examination options for applicants who are up to 64 years of age.

The disadvantages of buying this insurance policy are

  • It does not offer credit card payment for paying the insurance premium.
  • It also has fewer complimentary benefits as compared to other insurance companies. 

 

Legal and General America

The advantages of buying this insurance policy are as follows

  •  It has online quotes for term life insurance
  • You can convert your term life insurance into permanent life insurance until you attain the age of 70 years
  • Your eligibility to buy the insurance might not be impacted if you have a family history of cancer.

The disadvantages of taking this insurance policy are as follows

  • You need the help of a life insurance agent to apply for this insurance policy.
  • This company does not give many options to their customers if they want to customize their insurance policy
  • It does not have a good customer service satisfaction record.

 

Bestow

The advantages of buying this insurance policy are as follows

  • It does not ask their customer to get themselves medically examined to get this insurance policy.
  • It has an online application process with an instant decision

The disadvantages of buying this insurance policy are as follows

  • It is only available for people who are between the age of 18 to 60 years of age.
  • It does not give any riders to its customers if they plan to buy this company insurance policy.

These are the policies of one of the best insurance companies in the country. Compare each of them in detail before finalizing the policy for yourself and your family. Do keep your financial condition, life circumstances, and your family requirements in mind before finalizing your insurance policy

 

Conclusion

This article talks about one of the best life insurance policies available in the country. You must know that the best insurance for you is which suits your budget, gives you all the facilities which you require, and is a dependable partner at the time of need. Thus, the insurance policy which helps you lead a smooth and stress-free life will be the best for you. Keep all these factors in mind before finalizing your insurance policy. Wish you and your family a stress-free healthy life. 

 

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