Compare Top Life Insurance Companies
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Haven Life
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Fabric
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Ladder
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Policygenius
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The easy way to buy insurance! |
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Location
Serves residents in
Bakersfield, CA
(855) 695-2255
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Paul Sheldon, Jr. Insurance & Benefits Planning
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Location
5373 Truxtun Ave.
Bakersfield, CA 93309
(661) 398-2298
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Farmers Insurance: Gary Been
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Location
2217 E St.
Bakersfield, CA 93301
(661) 322-9502
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Hero Singh: Allstate Agent
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Location
3400 Panama Ln., Ste. H
Bakersfield, CA 93313
(661) 229-4008
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GEICO: Trenea Smart
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Location
2720 Calloway Dr., Ste E
Bakersfield, CA 93312
(661) 431-1780
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George Farrah: State Farm
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Location
4300 Stine Rd., Ste. 609
Bakersfield, CA 93313
(661) 282-8828
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Lee Hernandez: Allstate Agent
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Location
1801 21st St., Ste 3
Bakersfield, CA 93301
(661) 327-7761
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Charpentier Insurance Company
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Location
1400 Calloway Dr., Ste. 103
Bakersfield, CA 93312
(661) 325-8881
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How to choose life insurance in Bakersfield
If you’re the primary provider for your family, life insurance lets your family remain financially stable in the event of your death. Life insurance benefits are generally income tax-free for the beneficiary. After the insured passes away, life insurance is used for many purposes, including reinvestment for income, inheritance, education costs, funeral expenses and paying outstanding debts.
Most insurance policies in Bakersfield fall into the category of term-life or whole-life insurance.
| Term-life insurance | Whole-life insurance |
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| Covers fixed amount of time, generally between 1 to 30 years | Covers entire life from time policy is purchased |
| Pays only if death occurs during term of insurance | Does not expire and provides a guaranteed return on investment |
| Provides death benefit and has no cash value | Has a cash value that some policies allow you to borrow money against |
| Lower-cost option for life insurance | More expensive than term-life insurance |
Other types of life insurance available in Bakersfield include universal life insurance, which is a variation of whole life insurance that includes a death benefit and cash value component and tends to be less expensive than traditional whole-life policies. Many providers also offer burial insurance, a form of insurance intended to cover funeral expenses that usually does not require a medical exam.
The cost of life insurance in Bakersfield
The price of your life insurance premiums in Bakersfield will depend on the amount of the death benefit, the type of policy and other factors that include:
- Age
- Gender
- Your medical history
- Nicotine and alcohol use
- Hazardous occupations or hobbies
- Driving record
Finding a reliable life insurance provider in Bakersfield
Because of the importance of life insurance in saving your family from financial hardship, it’s important to make sure the provider you work with is reliable and can pay the death benefit when it’s needed. Check the financial stability of any company with independent credit rating agencies such as A.M. Best. Providers such as MetLife, Prudential Financial, State Farm and New York Life Insurance have a long history of stability.
Bakersfield residents can also check to see if the life insurance provider is licensed with the California Department of Insurance.
Life Insurance Reviews
Haven Life |
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Haven Life is a provider that issues two types of term life insurance: Haven Term, which is medically underwritten, and Haven Simple, which does not require a medical exam. Its policy terms range from five to 30 years, with $100,000 to $3 million in coverage. You can apply and pay online. At the time of publishing, Haven Life’s policies start at $14.99 per month. |
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Fabric |
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Fabric is an insurance provider that offers life insurance with terms between 10 and 20 years and coverage up to $5 million. You can fill out an application online, but all payments must be made via recurring credit or debit card payments and you may need a medical exam. If you purchase a policy, you can give your beneficiaries online access so that, if they need to make a claim, they can do so from their own accounts. At the time of publishing, Fabric’s policies start at $14 per month. |
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Ladder |
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Ladder is an insurance provider that offers term life insurance for up to 30 years and $8 million. You can apply online and, in some cases, get approved within minutes. Prices start at $35 per month. You can make payments with a credit or debit card or by bank transfer. To file a claim, beneficiaries can email the company. Ladder has a referral program through which customers can earn $25 per referral up to $1,000, too. |
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Policygenius |
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Policygenius is an online life insurance broker that provides comparison tools and advice to help you choose a policy. The company’s representatives will also help with the application paperwork for whichever provider you select. Bakersfield customers are happy with the easy application process, helpful customer service and low rates. |
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Paul Sheldon, Jr. Insurance & Benefits Planning |
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Paul Sheldon Jr. is a local insurance broker who offers insurance from several providers. United American Insurance honored the firm as the year’s top-producing agent in 2016. Clients in Bakersfield give the agency high ratings for personal service and knowledgeable employees. |
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Farmers Insurance: Gary Been |
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Gary Been is a Farmers Insurance agent who has served Bakersfield and Kern County for 26 years. Clients can visit his office downtown, and he is available by appointment on Saturdays. Reviews from Bakersfield customers comment on the friendly service and experienced staff. |
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