Life insurance is undoubtedly a great help for anyone. In California, as in any part of the world, accidents are the order of the day, they can happen at any time, even when we least expect it. For this reason, there are life insurance policies that, thanks to them, you and your closest family will avoid suffering serious injuries as they will be there to protect you.
Being without life insurance can be negative for us because we would be completely defenseless against any accident that may happen to us, in this article you will know which are the best life insurance policies in California.
What is the 5 best life insurance in California?
California has an extensive life insurance system, if you are in that locality then discover which one best suits your needs.
1. Bestow Life Insurance
First, we have Bestow, one of the best life insurance companies in California, they offer 2 types of life insurance policies, a 20-year level term policy or a 10-year level term policy.
Through their policies, you can qualify for term life insurance of up to a million dollars, this may seem like a pretty high amount of money however if you have a wife and children you need to consider the cost of things that go higher. Beyond your mortgage, like daycare or college, there are also wage losses over time.
Bestow uses its advanced patented technology to underwrite your insurance policy, so the application process is faster compared to other life insurance companies that use the traditional method.
At the same time, Bestow is backed by Munich Re and the North American Company for Life and Health Insurance, these insurance companies are the best in the United States.
2. Northwestern Mutual
Northwestern Mutual provides a variety of insurance policies to its clients that are suitable for many people, these policies are available not only in California but throughout the United States.
This company has strong financial strength ratings and above-average ratings when compared to other life insurance companies.
To get a quote from Northwestern Mutual you have to talk to one of their agents, but you can still look it up on their website and use their coverage calculator tool.
3. Fabric Life Insurance
This life insurance gives customers the ability to purchase term life insurance, free digital will creation, and a few other tools to help improve your family’s financial life.
The best option for younger families looking for financial security, Fabric has term options between 10, 15, 20.25, and 30 years with coverage ranging from $100,000 to $5 million.
The fabric has highly rated online customer service through its app and website people give it high marks.
4. Transamerica Corp.
With a large number of clients, this is one of the most important life insurances in the life insurance industry, Transamerica brings with it a wide range of life insurance products, including whole, universal, and variable life insurance.
Transamerica life insurance policies are available to anyone between the ages of 18 and 80, covering as little as $25,000 up to $10 million.
Term and permanent life insurance policies, on the other hand, offer final expenses and any number of extra riders to help customers customize their own policies.
5. Ladders Life Insurance
Ladders offer you policies with no hidden fees, on-the-spot underwriting, and a really easy-to-use website.
Coverage is between $100,000 and $8 million and adjusts coverage over time as needs change, you can select a term between 10,15, 20, 25, or 30 years, Ladder provides up to $3 million in coverage without a medical exam.
Its price lock guarantee ensures that your premium will not increase as a person’s health changes, policies are issued by Allianz Life Insurance Company of New York, plus people can receive a refund within the first 30 days if they are not satisfied with the coverage offered by Ladders.
How much does life insurance cost in California?
The personal profile is going to affect the monthly premiums, gender is the main factor that can reduce or increase the monthly costs, due to the fact that women have a longer life expectancy than men, and life insurance quotes are cheaper.
Women typically pay an average monthly premium of $14.81 for a policy with $250,000 coverage in California, while men have to pay an average monthly premium of $16.86 for the same coverage.