What is life insurance?

Life insurance is a contract with an insurance company that provides your beneficiary with a death benefit when you pass away.

What is a death benefit?

A death benefit is the cash payout from your life insurance policy. It is tax-free.

Do I need life insurance?

You need life insurance if you would leave behind debt or if your loved ones would face financial hardship when you pass away.

What kind of life insurance do I need?

At Quility, we believe that there is no one-size-fits-all insurance plan. Everyone has different life insurance needs – discover your options in our life insurance guide.

How much does life insurance cost?

Much less than you might think! Term life insurance is generally the most affordable policy you can get – rates start at less than $20/month.

What is a beneficiary?

A beneficiary is the person who will receive the death benefit of your life insurance policy when you pass away. With this designation comes a lot of responsibility, so it’s important to choose someone who you trust.

What is life insurance?

Life insurance is a contract with an insurance company that provides your beneficiary with a death benefit when you pass away.

What is a death benefit?

A death benefit is the cash payout from your life insurance policy. It is tax-free.

Do I need life insurance?

You need life insurance if you would leave behind debt or if your loved ones would face financial hardship when you pass away.

What kind of life insurance do I need?

At Quility, we believe that there is no one-size-fits-all insurance plan. Everyone has different life insurance needs – discover your options in our life insurance guide.

How much does life insurance cost?

Much less than you might think! Term life insurance is generally the most affordable policy you can get – rates start at less than $20/month.

What is a beneficiary?

A beneficiary is the person who will receive the death benefit of your life insurance policy when you pass away. With this designation comes a lot of responsibility, so it’s important to choose someone who you trust.

How does life insurance work?

You make monthly or annual payments – known as “premiums” – to your life insurance company to maintain coverage. In turn, your insurance company would provide a death benefit if you were to pass away (or face a covered critical illness or disability) while your policy is in force.

I have employer-sponsored life insurance. Do I need more?

In some cases, yes. You may want to consider an additional policy to get the right amount of coverage for your life – and to ensure your family is protected if you experience a change in employment.

Will I be approved for life insurance?

Most people (even those who have pre-existing medical conditions) can be approved for life insurance coverage. Life insurance rates and approvals are based on your health, age and lifestyle at the time you apply.

What is a rider?

Life insurance riders are policy add-ons that can help you prepare for unexpected events that may arise while you are still alive, such as a disability or critical illness diagnosis.