Where can I find a reputable Life Insurance Company/Policy?

Question

I'm a single mother and I'm trying to locate a life insurance company that offers a low monthly premium and list my children (ages 5 and 8) as a beneficiary. I'm aware that most companies offer the benefits at ages 18-25. I want to provide these benefits for my kids if something should happen to me!

Answer 1

Your best bet is to consult with an insurance professional. All the major life insurance companies are reputable. I would avoid anything on line. An insurance professional will work out something for you within your budget and explain how to list your children as beneficiaries. They do not have to be adults to be listed on your policy.

Answer 2

You can get a great term policy that will offer you the right amount of coverage at a very reasonable price.



Be careful regarding your beneficiary setup.



Who is legally setup to care for your kids if you die? If you die with no will, the proceeds would pass to your children. If they are minors when you die, the control of that money may end up in the hands of the person legally in charge of them..If you are concerned about how this person would handle that money for your kids, you need a will.



If you want to make sure the money gets spent the right way on the proper things, you need a will to dictate the terms of how that money will be used.



check us out for some free, no pressure, no obligation quotes. good luck!

Answer 3

Check with the bank that handles your checking account. Usually banks offer preferred rates if written thru them. You can probably do this on-line. I am also a single mom and have taken out Life Ins. on myself with my children as beneficiaries. Also... check out the website for Globe life and accident. Decent prices. Good luck

Answer 4

Liberty National, Life of Ga,SC,TENN etc, American General, Hartford. It depend on Your income as what type of plan You Choose. If You want something from now on go With a Whole Life or an Interest Sensitive Plan. If You want it for a few Years Buy Term.

Answer 5

Try LIC of India.