Find the Top Life insurance Providers in Your Area

Secure the Right Plan and Save Money

In 2020, LIMRA reported that roughly 41 million U.S. consumers went without a life insurance policy, even though they needed it. Going without coverage can make you feel stressed and anxious, but Billy makes finding coverage and peace of mind easier and more affordable. Gather quotes from reputable providers in your area and compare costs to find the ideal match. Once you find a provider that meets your needs, Billy helps you understand your policy, so you can maximize your coverage.

Life Insurance Term vs. Whole Life Insurance Agents

While exploring your options for a life insurance agent, you choose between term Life insurance terms vs. whole life insurance policies. In 2019, about 70% of consumers with a life policy had term life coverage, an increase from 63% in 2017. That same year, 44% owned permanent life policies, an increase from 35% in 2017. Knowing these statistics may make your choice easier, but it's still a good idea to understand the difference between the two options. 

Just like its name suggests, whole-life coverage provides lifelong protection. If you value flexibility in your insurance options, a whole-life policy may be more suitable for your needs. Customers also have the option to modify their death benefit.

One benefit of whole-life coverage is that the policy accumulates cash value over time. If you prefer, you have the option to utilize the cash value for either premium payments or as a means to borrow against the total amount.

With term life insurance agents, you only have coverage for a specific time and pay a specific amount. You may prefer term life premiums, but you must understand one key disadvantage. If your term life coverage ends and you still need a policy, expect to pay a lot more for continuing coverage.