Looking for cheap & crappy life insurance.?
I am looking for sources of *REALLY* cheap life insurance. I have to have life insurance for the next six years (declining each year), while I pay off a structured legal settlement.
I don’t care about financial stability of the company or a history of hassling the beneficiaries to collect. I don’t care about guaranteed renewability, as if I’m not insurable, I don’t have to buy the insurance. All I care about is price and that the policy comes with an official receipt that will satisfy their lawyers.
Websites such as INSweb typically only offer 5-year term or longer, and I want cheaper than that.
You should also consider a 10 year term which can often be cheaper than a 5 year and a Yearly Renewable Term. I don’t know of any sites that spreadsheet YRT’s, so you have to contact an agent. If you are in NC or FL, shoot me an email.
Also, policies that are advertised as decreasing are typically not as competitive as level policies. You are usually better off calling the company each year and requesting a face amount reduction to save money.
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