Gay Life Insurance Information
Reader’s Question:
Is it true that I will have very expensive life insurance rates since I’m gay?
Ralph Louie
Buffalo, NY
Good question. This is a very serious issue among many LGBT (Lesbian Gay Bisexual Transsexual) activist and the community as a whole. While it is true that some life insurers out there are not very “friendly” to the LGBT community and would slam people like us with quadruple the amount of premiums, there are still insurers out there who will be happy to provide you good life insurance coverage at an affordable prices. The trick is to be able to differentiate the former from the latter.
My suggestion to you is to work with local LGBT groups and advocates in your area to identify the gay friendly life insurers in your state. I also suggest that you use the free life insurance quote search on this website to help you find the best rates for gay life insurance policies on the market. This should help you maximize your chances of getting the right policy for you at the right price.
Of course you still need to make sure that you are choosing the right kind of life insurance policy. You should know who you’re trying to insure should anything untimely happen to you. Term life coverage is ideal if you are raising a child or paying mortgage and only need life coverage for a specific period of time. Whole life coverage is best if you are planning long-term and can five you a lot more benefits and policy features.