What is life insurance?

Life insurance policies provide the policyholder's beneficiaries with lump-sum payments in exchange for premiums. The lump-sum can be paid when the policyholder either passes away or after a specific amount of time has passed. Life insurance policies can provide financial security by replacing lost income and covering expenses.

If you're looking for a life insurance policy, we've got you covered. The GEICO Insurance Agency, Inc. has teamed with Life Quotes, Inc. to offer affordable life insurance options to meet your family's needs. Get a life insurance quote online or call us at (888) 532-5433 to get the assurance of knowing your loved ones will be protected.

What do you need to start a life insurance quote?

  • Amount of outstanding debt left on things such as mortgage, loans, etc.
  • Specific information regarding medical conditions
  • Income level and occupation
  • General medical information you may be asked about are height, weight, blood pressure, and cholesterol levels

How much does life insurance cost?

The cost of life insurance varies based on your specific situation. This takes into account many things such as your medical history to your hobbies. For more information about life insurance quotes we have the answers to your life insurance questions.

How much life insurance do I need?

Figuring out how much insurance you need is not as hard as you may think. By answering just a few questions and doing some simple math, you can quickly estimate your life insurance needs and see how affordable a policy can be.

What are the different types of life insurance?

There are different kinds of policies, each meeting different needs. The section below illustrates the difference between term life, whole life, and universal Life insurance.

Term Life Typically Covers:

  • A specific period of time
  • Could help replace income
  • May cover some other expenses
  • May be eligible for a No-Med Exam policy

You may be eligible for a No-Med Exam policy. Instead of a medical exam, this option asks a number of detailed health, financial, and hobby questions.

Whole or Universal Life Insurance Typically Cover:

  • Coverage for your lifetime, as long as policy terms are met
  • Help with income replacement
  • Providing supplemental income
  • Assisting with estate planning
  • May offer an optional fund you can contribute to above and beyond your regular life insurance (side cash fund) that can build over time
Please note that Universal Life premiums can fluctuate.

What is the best life insurance policy for me?

As everyone's situation is different, you'll need to make your own choice as to which product works best for you. However, in general these groups of people choose:

Term Life Insurance Policy:

  • Main breadwinner
  • Stay at home parent
  • Homeowners
  • Business owners

Whole or Universal Life Insurance Policy

  • Provide an inheritance to survivors
  • High net worth individuals
  • Pay for your own funeral expenses

Do you need more specific information? You can check out our life insurance for every life stage article to see what may work best for you.

What's the point of life insurance?

Life insurance helps you plan ahead and provide long-term financial security for your family when they would need it most. You can't put a dollar amount on your loved ones, but a term life insurance policy can help ensure their future is protected. Determine how much coverage you need and how long it's needed, and the GEICO Insurance Agency, Inc. and Life Quotes, Inc. can provide an affordable life insurance policy that is the perfect fit for you and your family. Get a life insurance quote online or call us at (888) 532-5433 and get the satisfaction of knowing your loved ones are protected.

Need more information?

You can reach us at (888) 532-5433

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Life Insurance: Get the answers you're looking for.

  • What are the advantages of term life insurance?

    Term life insurance provides death benefit protection without any expensive "cash value" or investment component add-ons.
  • Life insurance can benefit just about everyone.

    Learn how it fits into life's different stages.
  • What do I need to consider before buying life insurance?

    Buying life insurance is an important purchase. Check out these 5 tips to help you pick the right life insurance for you.
  • How often should I review my life insurance?

    You should review your life insurance coverage at least once every 5 years or when you experience a major life event.
  • Do you still have question about life insurance?

    We can help with additional information about life insurance policies.
  • Why should I buy my own life insurance policy?

    There are many benefits of purchasing your own life insurance policy including tax benefits and reliability.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

If you choose to get a rate quote online, you will be taken to the Life Quotes, Inc. website that is not owned by GEICO Insurance Agency. Any information that you provide directly to Life Quotes, Inc. on its website is subject to the privacy policy posted on their website, which you should read before proceeding. GEICO Insurance Agency assumes no responsibility for their privacy practices or your use of their website.

Life coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc.