Lowest Cost Life Insurance Policy

What is the lowest cost life insurance policy?

The lowest cost for a life insurance policy will depend on what type of life insurance you need for how long - how many years.

Permanent life insurance provides guaranteed lifetime protection but costs 2 to 3 times more than term life insurance which provides coverage for up to 30 years.

With term life you choose a "term" which is the duration or length of time you have the life insurance protection.

The most common "term" for a term life policy is 10, 15, 20 or 30 years.

If you need life insurance for 30 years or less, then a term life policy will offer the lowest cost over that period of time compared to the premiums you would pay for a permanent life insurance policy.

Here's how you can compare low cost life insurance premiums from top-rated life insurance companies.