Find the Best Life Insurance Quotes in Cincinnati, OH

How to choose life insurance in Cincinnati

An unexpected death can upend the financial future of any family. To plan for this possibility, many choose to purchase life insurance policies. These policies compensate for lost income and high funeral expenses while providing ongoing financial support for loved ones.

Primary breadwinners and those with dependents are obvious candidates for life insurance, but couples with no children and single adults often choose to purchase policies to cover debts or funeral costs. Regardless of circumstance, life insurance reduces the financial burden of an already traumatic event.

Your personal details will affect what type of insurance policy you choose. There are two main types of life insurance:

• Term life insurance provides coverage for a predetermined amount of time, usually from 10 to 30 years. Term life insurance policies cost less but do not hold cash value and only pay out if the insured dies within the term.
• Whole life policies don't expire as long as you continue paying the premium, but are more expensive than term life policies. Whole life policies give a guaranteed return on investment and accumulate a cash value over time that can be withdrawn by the policyholder.

Other forms of life insurance include universal life (a flexible variation of whole life that has both a death benefit and cash value component), accidental death insurance and return of premium (ROP) insurance.

Your provider or agent can help narrow your options if you’re unsure which type of insurance you should purchase. Independent insurance agents are well-informed about various types of life insurance policies and can compare quotes from major Cincinnati providers like Metlife, Northwestern Mutual, Prudential Financial and New York Life.

The cost of your premium will depend on personal risk factors such as age, gender, health history and lifestyle, as well as the type and coverage amount of the policy. Your insurance provider or agent can help you adjust coverage to find a premium that fits your budget.

Be sure to work with a life insurance provider that is financially stable and reputable. You can research life insurance complaints with the Ohio Department of Insurance. Excellent customer service and a simplified claims process are necessary qualities in an insurance company and are particularly important if you need to file a life insurance claim in Ohio.