But many of us don’t get enough.
Calculate how much life insurance you need here.
$10K
Average cost of funerals1
30%
Percentage of families living in single-income households2
$208,185
Average mortgage balances3
that don't change during your initial term.
you can add on to your employer-provided coverage.
from $50k to $250k and 10 to 30 years.
up to 5 years before your initial policy ends.
with no additional hurdles.
helping families protect their loved ones for 110+ years.
Premium waivers can be issued from ages 18 to 55 ‐ payable if you’re unable to work for two years following disability, and any occupation insured is reasonably suited for thereafter. Subject to terms and conditions.
Add on additional coverage for accidental death. Your maximum is the lesser of the face amount of your base policy and $250,000. Issue ages are from 18 to 60.
Your kids can get coverage too, with policies ranging from $1,000 to $25,000. Base insured issue ages from 18 to 64.
Included at no extra charge (unless you decline when you apply). Elect up to 85% (97% in FL and NY) of death benefit ($250K maximum) if you have a terminal condition with less than 24 months (12 in FL and NY) to live. Death benefit remaining after benefit payment must be at least 10%.
Save up to 31% on coverage vs. the competition.*
| Our Rate | Farmers Insurance | |
|---|---|---|
| Male, 40 years old | $22.05* | $26.35* |
| Female, 40 years old | $17.64* | $23.18* |
*Savings calculated based on a comparison of like plans from Kasasa powered by Protective(R) and Farmers Insurance in June 2020. Plan prices compared were of a monthly premium based on a $100K simplified-issue term life insurance plan with a 10-year term for a 40-year-old male and female in excellent health as of June 2020.
Learn the answers to your most common questions here.
Life insurance is a peace of mind product. It’s meant to replace your income in case the unexpected happens and you are no longer around to support your family or loved ones.
Life insurance is a legally binding contract between you and the insurance company. You pay a premium in exchange for a death benefit payout. Your payout depends on the kind of life insurance you choose.
Everyone. If you’re young and single, life insurance can help your loved ones pay off any debts or a mortgage you might have left behind. Or if you’re planning on having a family someday, you can secure a lower rate for a longer term now while you’re young.
There are two different kinds of life insurance policies you can buy — term life insurance and whole life insurance.
Term policies are more flexible in length and usually low-cost. If something were to happen to you while your policy was active, your death benefit would be paid out to your beneficiaries.
Whole life insurance is lifelong coverage that also has an investment component and higher monthly costs. You can use this money in retirement or pass it on to your dependents.
A lot of employers offer life insurance for eligible, full-time employees — which is a great option! These benefits are usually equal to your annual salary. For some (like those without any debts or dependents), this might be enough. But for others, like those with a stay-at-home partner, a mortgage loan, a larger amount of debt (student loans, for example), or a large family, an individual life insurance policy might be the better option for you.
Life can be unexpected. Understand your options.
"We’re breaking down everything you need to know, so you can make an informed decision on the policy that’s right for you — and the most beneficial to the loved ones that rely on you. "
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"Term life insurance covers you for a certain period of time (usually between 10 and 30 years), while whole life insurance policies are good for the entirety of your life."
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"It’s not the most exciting conversation to have, but it will be one of the most important ones."
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"If you are a homeowner, make sure the policy you choose will help those you leave behind to afford your home — and all the other related expenses that come with it."
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