- Life Insurance
LLC, launched BudgetLife, an Internet service for life insurance
consumers, in 1996. The BudgetLife website is host to the
first Web-based compilation of competitive life insurance
rates. In 1998, BudgetLife implemented the first instant-quote
system to use the Compulife database of 150 term life insurance
companies. BudgetLife does not sell life insurance, nor is
it affiliated with any life insurance company.
is a service for life insurance consumers. They don't sell
life insurance, nor are they affiliated with any life insurance
company. The purpose of their website is to provide their
visitors with information about life insurance. BudgetLife
uses the Compulife database of 150 term life insurance companies
to locate the lowest rates for a consumer's specified age
and gender. The Expert Quoting System then presents a short
list of questions to select the rates for which the consumer
BudgetLife - Frequently Asked Questions
can I save money on my life insurance?
Paying for life insurance is painful, but few can do without
it. The key is to buy life insurance only for losses, such
as your income, that you or your family cannot replace. Avoid
narrowly defined life insurance policies that only cover specific
loss of life, such as accidents, plane crashes or cancer.
You're better off with insurance for any loss of life for
a small increase in premium.
What types of Life Insurance are available?
Term insurance, also called temporary insurance, covers a
person against death for a limited time, known as the term.
For example, the term might be until children are grown, or
until college is paid for, or until retirement. You pay for
the coverage period and at the end of the term the contract,
or policy, expires. If no claims are made against the policy
during the term, you don't receive any benefits after the
policy expires, just like auto or homeowners' insurance. Whole
Life insurance, also called permanent insurance, is permanent
and does not expire (assuming you continue to pay the premiums).
It provides coverage similar to term insurance, but it also
provides an investment vehicle. A portion of the premium goes
toward insuring your life while the other goes toward an investment
account. This investment account can be either an interest
bearing account or a stocks and bonds investment account.
do I find the best Life Insurance?
Do some product research first, using a service like BudgetLife,
and then select a life insurance agent based on criteria such
as trust, experience, and access to a wide selection of products
and tools. Your goal should be to find, and then stick with,
an agent who can help you put together the best possible protection
plan for your specific needs.
8255 E. Fairyduster Drive,