Tuesday, March 30, 2010

Where to shop for small life insurance policy?

I have a son in college whose private loans I cosigned for.

I need a small life insurance policy to cover the loan amounts of around $50,000 in the event something unforeseen happens to him before he's had a chance to repay the loans.

Can someone suggest a company that will sell policies with smaller life insurance coverage amounts

Usually, many of the life insurance quote providers online will be geared toward term life insurance plans with a minimum amount of life insurance from $100,000 or more.

You may want to compare term life insurance quotes online for 10, 15, 20, and 30 years of coverage for the minimum amount of life insurance offered.

In addition, you can consider smaller life insurance plans from companies like Globe Life Insurance, Gerber, and Mutual of Omaha. However, when comparing rates from these carriers you may find it more affordable to go with a higher amount of life insurance from the others carriers you got quotes from above.

Usually, the smaller life insurance plans do not require a medical exam, but they may charge a higher premium as a result.

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