Life Insurance Policy reviews from Reddit
Summary
We analyzed 154 Reddit reviews across 15 subreddits and 37 posts to rank the best Life Insurance Policy brands recommended by redditors, including communities like r/personalfinance, r/LifeInsurance, r/PersonalFinanceCanada, r/JUSTNOMIL, r/QAnonCasualties. Top-rated brands include Life Insurance (2.7/5), Term Life Insurance (3.6/5), Whole Life Insurance (2.9/5).
Stats
Reviews154
Subreddits15
Posts37
Brands33
Products19
154 reviews from
and
By Brand
/By Product
#1
Life Insurance
2.7
(76)
"Term insurance only. Whole life is a scam imo."
"You should’ve gotten an insurance policy on him for two reasons: 1) You have an insurable interest on him as the spouse."
"You need to own a policy on his life so he can’t change or cancel it."
"A Roth IRA would make sense here to me."
"Best use for term life is to maintain standard of living for the survivors."
"For young kids and a focus on accumulation, VULs diversified well."
"I would keep it for your kids, 100K is not much but it will cover funeral costs and leave some for only $23/month."
"If you're in the USA try Globe life insurance"
"Just make sure you get insurance to cover mortgage and other assets as needed."
"You can take a policy out on him to at least cover final expenses."
#2
Term Life Insurance
3.6
(17)
"Pro Tip - Never buy whole life insurance. If you need insurance because you have people depending on you financially, then you should buy a sufficient amount of level TERM insurance."
"Term life insurance is great to fill in the gaps of your investments when you’re young."
"Hell no. The only life insurance anyone should be buying is term life."
"Suggestion, She may be able to get a 250k term policy for about 100 per month if she is in good health."
"Shop it. For a Term policy, you should be able to get better coverage for the premium."
"She could do a short, 10 year term life insurance policy to cover a more disaster scenario."
"At 21 if its a term policy its probably only 20 to 30 bucks a month."
"If you need life insurance (ie. you have dependents right now or think you’ll have dependents in the future), best to get a term policy instead of whole life."
"Get a term policy, invest the difference in premiums you're saving."
"Check https://www.term4sale.com/ for a good quick rate comparison engine for term life."
#3
Whole Life Insurance
2.9
(9)
"This allows for a life insurance policy without that hassle."
"Trust me - keep it. Getting 100k whole life now is EXPENSIVE."
"I now have 75k of coverage and a cash surrender value of 11k in my late 20s."
"I don’t think it’s a great strategy but baby life insurance is cheap and it provides something you can borrow against."
"From a pure investment perspective, Whole Life is bad."
"My parents setup a whole life when I was born and transferred it to me when I graduated college."
"Whole life insurance for sure. I know ppl here don’t particularly like whole life, but I do assuming it’s designed well."
"Whole life is a terrible investment, cash it out and cancel it."
"Whole life is trash. You're better off with an sp500 index."
#4
Gerber Life Insurance
3.8
(6)
"Life Insurance for infants is NOT uncommon. In the US there's the Gerber Life Insurance company (Gerber baby food) and the policies are nominal."
"Life Insurance for infants is NOT uncommon. In the US there's the Gerber Life Insurance company (Gerber baby food) and the policies are nominal."
"Life Insurance for infants is NOT uncommon. In the US there's the Gerber Life Insurance company... They are meant to pay for unexpected funeral costs."
"It’s more than likely a Gerber life grow up policy. My mom had one on me when I was born that accrued over time."
"It actually made a horrible time a bit easier."
"Sounds like a gerber life insurance thing. It is sold as if it is some sort of investment for college and such."
#5
Gerber Life
4.0
(4)
"Tell her that you found one through Gerber life."
"A life insurance policy for your infant is a good idea."
"I would strongly suggest you do some research on your own on the Gerber life insurance plan."
"My parents carried the Gerber Life plan."
#6
Life Insurance Policy
3.0
(5)
"That’s a terrible policy. We have $50,000 on all the kids in our family and each policy is like $12 to $18 a month depending on the age it was started."
"As a former Northwestern Mutual Advisor- I can tell you there are better options out there."
"I would check to see what the reduced paid up value is."
"Get your daughter a policy. With another insurance company."
"Babies don’t need life insurance. They just don’t."
#7
Term Insurance
4.0
(3)
"Find a broker and just get cheap term insurance to cover you."
"Keep it simple. Compare the price of 20 or 30 year term for 10x your salary."
"Shop for a 30 year term. Set it and forget it."
#8
Northwestern Mutual
4.0
(3)
"They are structured as 75/25 policies, and are cash accumulation machines."
"Any of the mutuals (NY Life, Northwestern Mutual, Guardian, Mass Mutual)."
"The 529 will grow so much faster than the life insurance policy."
#9
New York Life
3.7
(3)
"New York Life is one of the best. Lot of different options and great personalized agent service."
"Any of the mutuals (NY Life, Northwestern Mutual, Guardian, Mass Mutual)."
"If it was $280 for 250k whole life it's kind shockingly low."
#10
529 Plan
5.0
(2)
"It would be great if your FIL started a 529 for your newborn."
"Direct him towards a 529/UTMA."
#11
Globe Life
3.5
(2)
"Life insurance on your kids is a good idea under normal circumstances. Especially a whole life policy."
"Globe Life is fine as a product, but for employees it can be kind of MLM-ish."
#12
Insurance Policy
3.5
(2)
"I come from an ‘old school’ family... there has been a lot of death, fighting and people losing everything due to not having insurance policies."
"All parents should probably have an insurance policy in case something bad happens."
#13
OneAmerica
5.0
(1)
"Their dividend is good as well. The other huge benefits are it’s guaranteed and when it’s hidden from FAFSA."
#14
Wealth Insurance
5.0
(1)
"It's about a corporate-owned life insurance where the savings component can grow on a tax-free basis."
#15
Bharti AXA
5.0
(1)
"Is now more than 9.1L .. also all of it will b tax free .. tripled in my case so I know how u feel"
#16
Select Quote
5.0
(1)
"Go to services like Select Quote who show you various plans you qualify for."
#17
College Savings Plan
5.0
(1)
"Most states have a college savings plan, I'd be demanding she put her money there before a life insurance policy."
#18
Guaranteed Universal Life
4.0
(1)
"Avoid Northwestern Mutual. Find yourself a good Guaranteed Universal Life policy. It'll be cheaper."
#19
Haven Life Term Life Insurance
4.0
(1)
"She should look into term life insurance. It's like 15 a month for a million in coverage for a kid."
#20
Final Expense Policy
4.0
(1)
"The policy is competitively priced in today's market for a male smoker, with the age 61."
#21
VA
4.0
(1)
"I eventually went with VA for whole life and AAFMAA for term."
#22
529 College Savings Account
4.0
(1)
"Your FIL can open his own 529 account for his granddaughter which is better idea."
#23
529 College Choice Account
4.0
(1)
"Have her put the money in a 529 college choice account."
#24
Knights of Columbus Insurance
4.0
(1)
"Is she part of any professional or social organizations? For instance, the Knights of Columbus does insurance."
#25
Employer Life Insurance
4.0
(1)
"Usually, it is best to opt for life insurance through your place of employment because the employers negotiate good deals."
#26
NM
4.0
(1)
"Don’t be afraid to ask them to broker out any other life insurance company."
#27
Gerber Grow Up Plans
4.0
(1)
"Her stance was not on it being an investment, rather preparation for the unknown but certain end."
#28
Whole Life Policy
1.5
(2)
"I recommend you search on here for other posts about whole life policies, they'll really open your eyes to how problematic they are."
"I’d cancel it. Your father could live another 30 years and you’d be paying every month."
#29
Guaranteed Issue Life Insurance Policy
3.0
(1)
"Could look into some guaranteed issue life insurance policy for 10k or 20k."
#30
Guaranteed Life Insurance
3.0
(1)
"You could try a guaranteed life policy, but it’s not going to be cheap."
#31
Aditya Birla
3.0
(1)
"Can anyone help me how to close this and how much money i will get back ? Thank you."
#32
Life Insurance for Kids
1.0
(1)
"Also, you should have life insurance for your kid."
#33
Children's Life Insurance Policy
1.0
(1)
"As I understand it, buying 'life insurance' for a child is a scam."
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