In a nutshell, the most affordable life insurance is the stand-alone type. This means that you are not purchasing the insurance as part of any home insurance plan or medical insurance plan and that you are not purchasing it from one of the big insurance providers. You are simply buying what you need and nothing else and that is what makes it affordable life insurance.
Even though buying life insurance just on its own is cheap it is probably worth your while to purchase it with medical health insurance. This is because if you buy both in a package deal you get both at a cheaper price then you would if you bought them each as stand alone insurance packages. Bundling up wherever you can is always a good idea if what you are ultimately after is affordable life insurance (http://www.youtube.com/watch?v=JuDXClmpxe0).
Before approaching an insurance company, try to look at its ratings online to see if it is cheap compared to what the competition is offering. There are actually prices that will tell you what the yardstick is for affordable life insurance.
There are several companies online that rate affordable life insurance. An example is Best’s Rating Service. Some of them are rated out of ten but often these companies grade the insurance company in terms of its affordability. The grades are like the ones you got for writing essays in school with A plus being the highest kudos that you can get.
You can also use brokers or insurance agents to try and get you the most affordable life insurance quotes. Some of these brokers are independents and can give you quotes from various companies and others work for only one company such as State Farm or Allstate. Be sure to go for several quotes and compare the cost against what you get. Make sure that you demand proof of coverage when you get life insurance through a broker.
Sometimes these affordable life insurance brokering outfits are corrupt and delay sending in your policy. Sometimes this can also lead you to believe that you are covered when you aren’t. It is a terrible shock to a family that has lost someone to also lose their life insurance (http://www.equote.com/info/life-insurance-info.html) because they thought they were covered and they were not.
When shopping around for landlord insurance you should also consider the deductibles carefully. May companies offer reduced premiums in exchange for higher deductibles. Try to go for the high deductible so you can save money in the long run. This approach will also usually get you a better insurer and a better policy. The most affordable one that you can manage is highly recommended as usually this means that there is less chance of things screwing up.
Some financial experts would say that the most affordable insurance is the plan that is not going to break your personal life. Think about what it is that you have to do to prove your family from having to borrow money at a high interest rate in order to pay for a funeral before you purchase the insurance.