How to Get Life Insurance Quotes in New York
If you live in New York and need life insurance, you may want to compare pricing on the most affordable life insurance plans available.
Whether you need whole life insurance or term life insurance, you can compare free price quotes on life insurance policies in NY through several of the leading life insurance companies in the U.S.A. instantly.
You just fill out a short quote request form and instantly see the lowest prices offered for life insurance in your state.
Choosing the Right Type of Life Insurance Policy
There are two basic types of life insurance available: Term or Permanent.
Term is temporary life insurance lasting for a duration (term) of up to thirty years. Depending on your age, you may choose term coverage for a period of 10, 15, 20, 25 or 30 years.
If the insured person passes away during the policy "term", the death benefit is paid out to the beneficiary of the life insurance policy. If the insured person is alive when the term expires, the life insurance ends and there is no payout of any benefits. Term life is pure protection with no cash value.
Whole (permanent) life insurance provides guaranteed lifetime protection as long as the premiums are paid. It also builds some cash value inside the policy from which you may take a loan.
Whole life insurance usually costs up to 5 to 10 times more than the same amount of term life insurance protection.
How are Life Insurance Prices Determined?
The price (premium) you pay for a life insurance policy is based on the type and amount of insurance, as well as, your age, gender and gender.
In addition, your personal risk factors impact the rate per $1,000 of life insurance.
What Risk Factors Affect My Rate for Life Insurance?
Personal risk factors may include your health, family health history, tobacco use, lifestyle, occupation, hobbies, height-to-weight ratio, driving record, etc.
Which Companies offer Life Insurance in New York?
There are several highly-rated insurance carriers that offer life insurance policies to residents in the state of New York, including but not limited to New York Life, ANICO, Prudential, and John Hanco*ck, among others.
Can I Get Life Insurance for My Spouse?
Yes, if you are married, you may purchase life insurance on your spouse. You can buy a life insurance policy for yourself, and one for your spouse, if you choose to.
Married couples have an Insurable Interest on each other, which is required in order to buy life insurance on someone else.
Can I Buy Life Insurance without any Health Exam?
It really depends on your age, your health, and your budget.
There are several insurance carriers that offer no exam life insurance plans for qualified applicants.
Usually, you need to be between the ages of 18 to 60 and healthy, in order to qualify for a life insurance policy without having to take any medical exam.
The premium charged for this type of policy, and the amount of coverage available, will vary by insurer, and depend on your age and health.
Some of the leading providers of no exam life insurance in New York include ANICO, John Hanco*ck, Principal, Protective, Prudential, and Transamerica.
Request your free quote for life insurance with no health exam.
What if I Have a Health Problem?
If you have a pre-existing health condition, you may still be able to purchase a life insurance plan without any physical exam required. These plans are called "Guaranteed Issue" policies and offer coverage for people who may find it difficult to get insured.
Can I Get Insured If I Have Been Turned Down?
Yes, Guaranteed Issue policies are available for people that have been denied coverage elsewhere. In fact, if you are between the ages of 50-75, you can get life insurance with guaranteed approval, regardless of your health.
Life Insurance Quotes in New York
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates forsavings up to 73%.Get Your FREE Quote.
Highly Recommended –Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 50 to 75. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now.START HERE to get a FREE Quote.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
Are You Looking for Low Cost Life Insurance Policies in New York?
If you’re searching for an affordable life insurance policy and you live in the state of New York, you may find it’s quicker and easier than you thought to get inexpensive coverage from a highly-rated insurance company.
In fact, it only takes a few minutes to compare the best rates from leading insurers.
There’s no delays, no hassles and no obligation.
Get a Free Quote for Life Insurance
What is Term Life Insurance Coverage?
It’s a type of life insurance that provides you with protection for a specific amount of time.
For example, many insurers offer term life insurance for a period of 10, 15, 20, 25 or 30 years.
How Does Term Life Work?
Term insuranceis temporary life insurance for a specific length of time. Most term life policies provide coverage for a period of between 10 to 30 years.
You can choose a term of 10, 15, 20, 25 or 30 years for your coverage. The longer the term of your policy, the higher the price you pay for your life insurance.
Term life can help protect those temporary obligations you have, including protection to pay off your home mortgage, provide for your child’s education or replace your income.
If you pass away during the term of your coverage, the beneficiary you choose will receive the death benefit from your life insurance policy.
If you are alive when your term ends, your life insurance coverage expires. You may choose to renew your term life policy for another term of 10 years, usually, but the price you pay will increase based on your age at the time you renew the coverage.
How Much Life Insurance Protection Do I Need?
Many life insurance experts and financial advisors recommend from 10 to 20 times your annual income.
So, if you earn $50,000 a year, you may want to purchase from $500,000 up to $1,000,000 of life insurance protection.
However, it depends on your own personal situation, including the amount of money you have saved, your current debt, and what your goals are for the future.
Here’s alife insurance needs calculatoryou can use to quickly and easily determine how much life insurance is right for you.
Life Insurance Companies Based in New York
- New York Life
- Allianz Life Insurance Company of New York
- Met Life
- Security Mutual Life Insurance Company of New York
- John Hanco*ck Life Insurance Company of New York
- Guardian Life Insurance Company of America
- William Penn Life Insurance Company of New York
- Great-West Life & Annuity Company of New York
- MONY Life Insurance Company
- USAA Life Insurance Company of New York
Leading Causes of Death in New York – 2020
Source: http://www.health.ny.gov
- Heart Disease
- COVID-19
- Cancer
- Accidents
- Chronic Lower Respiratory Disease
- Stroke
- Diabetes
- Influenza/Pneumonia
- Alzheimer’s
- Hypertension
Leading Types of Cancer Causing Death in New York
2015-2019
Source: http://www.health.ny.gov
- Lung and Bronchus
- Breast
- Prostate
- Colorectal
- Pancreas
- Liver
- Ovary
- Corpus and Uterus
- Urinary Organs
- Prostate
- Leukemia
- Esophagus
- Stomach
- Brain
- Rectum
- Lip, Oral & Pharynx
- Cervix
- Bone
Leading External Causes of Death in New York – 2013
Source: http://www.health.ny.gov
- Accidental Poisoning
- Suicide
- Accidental Fall
- Motor Vehicle Accident
- Homicide and Legal Intervention
- Accidental Threat to Breathing
- Accidental Fire
- Accidental Drowning
Life Insurance Quotes
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates forsavings up to 73%.Get Your FREE Quote.
Highly Recommended –Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 50 to 75. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now.START HERE to get a FREE Quote.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
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