Which insurance company in California offers a $5K-$10K term life policy?
I am looking for a term life policy which pays $5-$10K. All of the major companies I searched for do not give online quotes and the services that do offer online quotes start at $100K.
It is for burial purposes. The amount is low because that is all it would cost and because the monthly premiums have to be low over and paid over as little time as possible.
Every time I try getting a quote online it does not give it to me and has a form for an agent to contact me. When I call a local agent, they do not give me any details and are not helpful if I can even get a hold of them.
Doris: went to toplifeinsurance.They do not sell burial policies in California.
Richard: That link was a guide to several insurance companies but they wont give quotes online and have a contact form for a salesman to call me.
I want life insurance because if something happens they will pay out for burial no matter when you go, but a burial plan does not bury you unless you are paid in full. If I have no one else to do that, I have to have life insurance to leave the money with someone to do that.
Henry: That was a good web link you gave. The insurance companies there could not sell a policy for less than $100K and they are not the highest rated companies. Thanks.
I have to pick Best Answer but everyone send good answers. I found out that term life won’t work because of the high policy amount & the 10-year limit. Thanks to all.
What could possibly be the purpose of a term policy for this small an amount?
Term insurance is temporary insurance; it is for temporary needs only. A death benefit this low could likely only be a burial policy. Such a policy is worthless unless it is guaranteed to be in force when the insured dies. That means that permanent coverage is required.
Because term rates are so cheap why not get a policy that really covers what you need.
Probly the only time you want such low coverage is if you have health problems or are older and can not afford the high premiums.
Why do you want such low coverage? You should call some local insurance agents and get some advice on what you really need and why.
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Right, it’s kind of like trying to find a house painter that’s willing to paint four square inches of your house.
What’s the GOAL of that policy, and why do you want it for so little? See, there’s a minimum COST involved in processing that paperwork, so to get a TERM policy for that little, would cost the same as a term policy for $100,000. It’s not like you’d save MONEY by having the policy for that little.
And if the goal is burial, you PROBABLY want whole life.
Super small value policies like that, are going to be whole life policies. If you only want it for a couple years because you think someone’s going to DIE that fast, well, the policy would be contestable.
So. Define the goal. Then select the appropriate product.
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What could possibly be the purpose of a term policy for this small an amount?
Term insurance is temporary insurance; it is for temporary needs only. A death benefit this low could likely only be a burial policy. Such a policy is worthless unless it is guaranteed to be in force when the insured dies. That means that permanent coverage is required.
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Try this site
http://linsurance.notlong.com
here you can get quotes from different companies.
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