Explore Products Claims About Us Resources 1-855-347-3939 , Call Us Log In Life Insurance Get a $250,000 life insurance policy for as little as $14 per month* (See Disclosure) PRODUCT Life CHOICE Select a policy type Term ZIP Code This life rate and coverage are provided and serviced by third parties. Read more. EXPLORE LIFE Plans, info, & more Home InsuranceLife Insurance What is life insurance? Purchasing life insurance allows you to provide a safety net for your loved ones in case you pass away. A life insurance policy is a contract stating that, as long as your premium is paid and the policy is active when you die, your beneficiaries can receive a death benefit payout to be used however they like — for final expenses, paying off outstanding debt, and even everyday costs. Types of life insurance Explore the types of life insurance we offer through eFinancial. Term life policies provide coverage if you pass away within a set number of years, while permanent policies such as whole life, universal life, and final expense provide coverage for your entire life. Term life insurance› Get coverage for 10, 15, 20, or 30 years at a more affordable rate than permanent policies. Term life is typically for protecting your loved ones in case you pass while they still depend on your income. Final expense insurance› Also known as burial insurance, final expense life insurance is designed to cover your funeral costs, hospital bills, and related expenses. It's an affordable permanent policy with no medical exam. Short-term life insurance› This unique 1-year policy provides short-term coverage if you're just starting out with life insurance or you have a temporary gap in coverage. There's no medical exam so you can get a policy online quickly. Whole life insurance› The standard permanent life insurance option, whole life provides coverage for your entire life at a fixed premium. Plus it builds cash value at a fixed rate over time, which you can borrow against. See more types Why buy life insurance? When you pass away, the beneficiaries on your life insurance policy can file a claim for your death benefit, which they can use however they like. A life insurance payout can provide your loved ones with the financial safety net they need if you pass away. GET LIFE INSURANCE IF... You're starting a family A life insurance policy can help provide financial security for your young family in case you pass away unexpectedly. Plus, the younger you are when you apply for life insurance, the more affordable your policy will be. You have outstanding debt Life insurance can be essential to helping pay off your mortgage and other debts in case you pass away and your family loses your income. You plan to pay for your kids' education Whether your children are already in college or they're years away, life insurance can help pay for their education costs if you pass away. You're planning for end-of-life expenses Final expense insurance is designed to cover your funeral costs and other related expenses, such as cremation, interment, medical bills, and outstanding bills, so those costs don't become a burden to your loved ones. Which life insurance policy is right for me? In terms of coverage, some experts recommend carrying life insurance that's 10 to 15 times your annual income, if you can afford to do so. If you're trying to decide between a term or permanent life policy, this guide can help you decide: Consider a 1-year term if you're just starting out with life insurance or you want to fill a temporary gap in coverage before getting a policy with a longer term. Consider a 10-year term if you're looking to supplement another policy, you're close to retiring, or your finances are tight but you want to provide your family some protection in case you pass away. Consider a 20-year term if you've started a family or plan to soon, to provide a financial safeguard for your children until they're adults. Consider a 30-year term if you want to provide your loved ones with a safety net until you retire, or if you have a child with special needs who will rely on your care even after they become an adult. Also, if you have a mortgage, this may be the right option for you. Consider a permanent policy such as whole life if you prefer coverage well into retirement, as well as the option to withdraw or borrow against your policy's built-up cash value. Coverage options begin at $5,000 and go up to $2 million or more. Generally, the younger and healthier you are, the more affordable your rates can be — starting at just $14 per month through eFinancial.* (See Disclosure) eFinancial works with highly rated life insurance companies to help bring you competitive rates and a variety of simplified life insurance options, such as RAPIDecision® Life — giving you the possibility to purchase life insurance with no exam. Keep in mind that permanent life policies generally cost more than term life policies. And the longer a term life policy lasts, the more you'll pay. Learn more about how much life insurance costs. Learn more about life insurance Have additional questions? Progressive Answers is your resource for all things life insurance. See all life insurance tips and resources. Life insurance 101› An easy, five-minute guide to how life insurance works. What are the different types of life insurance?› Explore the different options for life insurance. What's the best type of life insurance for me?› Find out which type of life insurance is best for you and your family. How much life insurance do I need?› Get a concise answer to the most important question when it comes to life insurance. Get a life insurance quote online and compare rates in just 5 minutes Get a quote Or, call 1-866-912-2477 Insurance Car Insurance Home Insurance Progressive Answers Explore All Products Our Company About Us Careers Investors Newsroom Quick Links Continue Previous Quote Report a Claim Make a Payment PerkShare Connect 1-855-347-3939 Contact Us Progressive App Become a Partner Search / Keywords Facebook Instagram Twitter YouTube Lifelanes Contact Us Site Map Accessibility Services Technical Help Privacy & Security Terms of Use Insurance Resources RANKED #1 WEBSITE FOR EASE OF USE Copyright 1995 - 2021. Progressive Casualty Insurance Company. All Rights Reserved. We offer insurance by phone, online and through independent agents. Prices vary based on how you buy. Δ Disclosure Discount varies and is not available in all states or situations. Insurance carrier Website ranking by Keynova Group - Scorecards 2017 – 2021. Progressive Advantage Agency, Inc. (PAA) will transfer you to Efinancial, LLC for placement with insurers offering this coverage. eFinancial and the insurers are not affiliated with Progressive and are solely responsible for their websites, products, and services. Information about you is subject to their privacy policies and may be shared with PAA and its affiliates for their marketing and other uses. PAA receives compensation from eFinancial or its affiliate that may vary based on the number of applications taken by eFinancial and the policy you buy. Contact us for more details. Price and coverage may vary by insurer. May not be available in all states. PAA (CA Lic #0F50053, TX Lic #1394132) is domiciled in Ohio and has its principal place of business at 6300 Wilson Mills Road, Mayfield Village, Ohio 44143. * Disclosure Life insurance rate quotes referenced in our materials are based on a composite of participating carriers’ best-published monthly premium rates for 10-year, term life policies with face amounts of $250,000 as of 1/10/2020. Unless noted otherwise, the comparison rates are made for male, preferred plus, non-tobacco user, and female, preferred plus, non-tobacco user – age 19-34. Rates and products available may vary by state. All policies are subject to underwriting approval. Also, the rates and time taken to purchase a policy vary by product. Quotes are provided for information purposes only and do not constitute an offer of insurance. This material is for informational purposes only and should not be considered tax or legal advice. Please consult a professional advisor for any tax and/or legal advice to fit your particular circumstances.