The Top Value-Driven Life Insurance Providers

Life insurance, like any kind of insurance, is a kind of security for you and your family. But unlike most other types of insurance, life insurance is a financial investment. Purchasing life insurance is investing in your family’s financial future – and some policies even allow you to invest or grow money over time. That’s why it’s so important to search online for a life insurance policy that offers great value.

It’s possible to find a life insurance policy that’s budget-friendly and a smart, value-driven investment for the future. You just have to know where to look. You can start your search online today for the best life insurance providers with the most value.

If you’re looking for a life insurance policy that’s both a great investment and offers solid value for your money, you’ll want to make sure to check out the following insurance companies. 

Banner Life

Average Policy Price: $46.80 per month.

Banner Life Insurance offers life insurance coverage that’s easy and straightforward to understand. You won’t have any issue understanding your policy or what it includes – with three different life insurance options and a record for clarity, it’ll be an easy purchase. You can choose from term, whole, and universal life insurance. Every policy is clear, simple, and easy to manage online.

Banner Life doesn’t offer many opportunities or options when it comes to customizing your policy. However, this insurance company does offer coverage for applicants with certain health conditions, including individuals with cancer. The opportunity to get covered even if you’re ill can be a huge advantage.

Principal

Average Policy Price: $48.10 per month.

Principal is an insurance company that offers so much more than basic life insurance. You can purchase everything from life insurance to investment products to retirement financial help, and there’s a lot of variety to choose from. When it comes to life insurance as a value-driven investment, there’s perhaps no company that does it better than Principal. 

You can choose from a selection of different life insurance policies with Principal, including flexible policies that change over time. For example, you can purchase a survivorship life insurance policy, which is a term life policy that converts into a permanent policy for no extra money. You have the option to invest in universal life insurance, and there are a number of different death benefit payout choices. You can make adjustments or customizations to create more value from your policy.

Transamerica

Average Premium Price: $57.62 per month.

Transamerica is something of a unique life insurance provider. Originally founded as a bank, Transamerica offers both insurance policies and financial products. And that makes this insurer a great option if you’re looking to build value for the future. You can purchase life insurance, opt into retirement services, or buy mutual funds and annuities all in one place. Transamerica offers a simplified selection of life insurance policies, and there isn’t much customization available. However, you can choose from term, whole, and universal life policies. 

One particularly value-driven option is a final expense life insurance policy. This option can help you invest now to pay for your end of life costs later on. An index universal life insurance policy is another unique option from Transamerica – and with this policy, you can earn interest on your premiums and maximize your policy’s value.

Protective

Average Premium Price: $58.19 per month.

If it’s customization that you want, Protective offers life insurance policies that can meet your needs. You can create your own policy and maximize its value with the many different customization options available with Protective, including three different types of policies and a host of different riders. Riders give you the chance to add to your initial policy and increase both its value and coverage. 

Protective allows you to browse different policies and available rider options right online. You can find plenty of helpful, value-filled features on the Protective website, from a coverage calculator to policy and premium information. You can also look for savings and adjust your coverage as needed.

Mutual of Omaha

Average Premium Price: $61.28 per month.

Mutual of Omaha is a well-known life insurance company, and it’s one that offer great value and versatility in its policies. When you browse Mutual of Omaha’s offerings, you’ll discover you can choose from all kinds of different coverage. From long-term care insurance to disability income coverage to policies for individuals with cancer, strokes, and heart attacks, there are a lot of options. And that makes it easy for just about anyone to find value in a Mutual of Omaha policy.

Mutual of Omaha life insurance is a particularly great investment because policies have very high value caps. You can customize your policy and, for the price of your premium, you can get long-term value when your policy’s benefit is finally used. In addition to offering life insurance, Mutual of Omaha can also help you with additional services like financial planning, investment products, and even basic banking.

How to Find Budget-Friendly Life Insurance With a Lot of Value

As you search for different value-driven life insurance options, keep in mind that every life insurance policy is different. There are different types of policies you can choose from, and some offer more financial value than others. And there are certain factors that affect the cost and value of every policy

The following factors can determine whether or not a policy is worth its price:

  • Term length
  • Coverage
  • Age
  • Gender
  • Health history
  • Any hereditary health concerns
  • Lifestyle habits
  • Hobbies or occupation 

You’ll also want to make sure to think about your ultimate goal with life insurance. Every policy offers something different, and some policies will give you the chance to do more with your money. To find the best price and the best value, you’ll want to search online and compare multiple insurers. It’s the only way to find the best option for your money.

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Heather Fishel

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