Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Sep 29, 2021

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The Brief

  • Many insurers will provide comprehensive coverage
  • Narrow down what coverage you need
  • Research insurers to make sure they’re qualified

When you first begin looking for an insurance policy, you may want to find life insurance companies that cover everything.

There are ways to narrow down the coverage you need and find sample life insurance rates for a policy that covers everything.

If you’re looking for rates for life insurance companies that cover everything, enter your ZIP code into our free quote tool.

What are the best life insurance companies that cover everything?

Several life insurance companies will cover everything, depending on what everything is to you.

If you need comprehensive life insurance that will cover you for the rest of your life, you may be interested in a whole life insurance policy.

Below are some examples of the average monthly whole life insurance premiums for a policy with a $10,000 death benefit:

$10,000 Whole Life Average Monthly Life Insurance Rates by Age and Gender

Companies50-Year-Old Female50-Year-Old Male60-Year-Old Female60-Year-Old Male70-Year-Old Female70-Year-Old Male80-Year-Old Female80-Year-Old Male
Americo$24.56$32.06$33.93$43.68$53.43$72.93$112.77$145.65
Mutual of Omaha$24.67$29.16$32.87$42.76$53.24$73.70$98.43$132.65
Transamerica$25.32$30.73$33.72$43.85$71.59$74.66$104.11$140.22
Assurity$25.48$28.82$34.74$41.65$56.41$73.05$113.89$155.57
Liberty Bankers Life$25.57$30.51$34.67$45.80$54.79$73.31$109.16$146.80
American-Amicable$25.96$30.80$37.22$45.76$58.70$76.57$110.44$151.36
Settlers$26.01$31.45$36.38$45.31$55.76$72.85$113.48$153.80
Foresters$26.05$32.00$35.41$45.19$83.41$72.91$111.08$216.09
United Home Life$26.06$31.02$35.42$44.69$73.28$74.63$141.58$138.60
Nassau Re Life$26.63$30.15$36.46$43.27$55.26$72.74$110.24$146.92
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A healthy 50-year-old female can expect to pay as little as $24 a month for a policy from some whole life insurance policies.

These life insurance companies that offer comprehensive coverage are more than happy to give affordable rates if you’re a healthier individual. Life insurance companies that don’t cover everything are likely to do so to limit the risk they face.

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How to Choose a Life Insurer

When it comes to getting a life insurance company that will support your family after you die, you’ll want to make sure it can be there when your family needs it.

Choosing a reliable insurer means choosing one that will be around and have assets to pay out on your policy when the time comes.

One way to check the financial strength and creditworthiness of an insurer is to look at professional insurance and investment rating services.

Companies like A.M Best examine the public financial information from the insurer and can rate them on a detailed scale.

You can also find customer reviews online as well as any complaints filed against the insurer. These can show the insurer’s willingness to solve problems that arise during the entire process.

An insurer with fewer complaints, or a higher ratio of solved complaints, will be less trouble.

When it comes to choosing your life insurance company, you’ll want to make sure that they have a proven record of paying out on policies as well as the assets to pay out on your future policy.

As previously discussed, looking into the company’s professional and customer reviews can help too.

Deciding What Coverage You Need

There are two different types of insurance coverage that are commonplace:

  • Term Life – This focuses on a set period in your life, and if you outlive the policy you get nothing. This is the most affordable and simple type of life insurance policy.
  • Whole Life – This permanent life insurance policy will cover your life from the day you buy into the policy. There are also sometimes options to earn cash value, which works as added money to your policy.

Inside of these policy types, there are varying options depending on how long you need coverage, how much you need, and what kind of investment options you’re interested in.

If you’re new to life insurance, a financial advisor will help you better understand what you need.

Life Insurance Policies That Cover Everything 

What “everything” means to you will change what kind of life insurance policy you need.

Depending on whether you need coverage for a short term or your whole life will likely change what kind of policy you need to get.

Term Life Insurance

Term life insurance will last for a while, usually a number of decades, and can provide affordable coverage since it only applies to that period.

If you outlive the term, the insurer doesn’t owe you anything, though some insurers do offer the opportunity to extend term policies.

According to the Insurance Information Institute (III), some different term life insurance policies include:

  • Level Term – This policy is the easiest to understand and likely the most affordable out there. Simple coverage for a term of your life.
  • Renewable Term – A renewable term life insurance policy allows the policyholder to renew their term policy with no additional underwriting.
  • Conversion Term – This policy allows you to convert your term life insurance policy to whole life once conditions are met, with no additional underwriting.

Each insurer is likely to vary on what specific policies they offer, but the majority of insurers will offer at least a couple of these policy types. Level term is one of the most common life insurance products out there.

Permanent Life Insurance

Whole life insurance is a permanent life insurance policy that will cover you from the day you sign until you die, as long as your premiums are paid.

This insurance policy can cost more, due to the extended risk an insurer has of having to pay out on the policy eventually.

Some of the more popular permanent life insurance policies include:

  • Whole Life – A whole life insurance policy covers you for your entire life as long as you pay your premiums.
  • Universal Life – Universal offers the ability to modify the death benefit, and therefore your premiums, and generates cash value on a portion of your premiums.
  • Variable Life – This is an insurance policy that allows you to invest a savings account into different stocks, bonds, and mutual funds.

As with terms, the whole life insurance policies available are sure to change depending on local laws and insurers.

Who needs life insurance?

Anyone who has someone that depends on them should consider getting a life insurance policy. A life insurance policy can help cushion the financial blow that comes with losing a loved one.

The death benefit can be used for funerals, medical bills, or just to make ends meet.

How much life insurance coverage do I need?

This largely depends on the loss in revenue that would occur if you were to pass away.

If you’re the home’s main earner, for instance, you’ll likely want to get more coverage to give your loved ones the time to adjust. On the other hand, you can also just get enough coverage to cover a funeral.

It’s wise to keep in mind that the level of coverage you get will affect what you pay each month. The higher your death benefit, the more your premiums are going to be.

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How to Get Lower Life Insurance Rates

A life insurance company underwrites a potential policyholder based on the level of risk they pose when getting a policy.

The higher the chance that the insurer will have to pay out on the policy, the more you’re likely to pay. So it follows that to get lower rates, you should:

  • Limit tobacco use
  • Exercise more
  • Eat healthier
  • Improve credit

Anything that shows you are likely to live a less risky lifestyle will ensure you get lower rates from your insurer. Some even offer discounts when their clients enroll in wellness programs like gyms.

Life Insurance Companies That Cover Everything: The Bottom Line

When you begin looking for affordable life insurance companies that cover everything, you may be a little confused about where to start.

However, most insurers will give you comprehensive coverage that covers your life, it’s just up to you to decide the specifics of what you need.

If you’re looking for quotes for life insurance companies that cover everything, enter your ZIP code into our free quote tool.