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LAST UPDATED: August 19th, 2021

Charles Schwab is an investment company that works with wealth management. It was founded in 1971.

Charles Schwab offers term, whole, and universal life insurance policies from other life insurance carriers. Its online quote calculator is a useful research tool for consumers.

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The Good

  • Term and Permanent Life Insurance Options
  • Online Quote Calculator

Term and Permanent Life Insurance Options

Charles Schwab offers term and permanent life insurance policies.

Term policies are available in 10, 15, 20, and 30 year increments. Term policies often have lower premium rates that are consistent throughout the length of the term.

Charles Schwab offers two kinds of permanent life insurance policies: whole life and universal life. These permanent policies build cash value over time that can be used at any time or it can be paid out with the death benefit.

Whole life policies have a consistent premium, whereas universal life policies have an adjustable premium.

Online Quote Calculator

Charles Schwab has two calculators on its website: a life insurance need calculator and a quote calculator.

The needs calculator allows consumers to estimate the amount of life insurance they should buy.

The quote calculator provides premium quotes for term policies based on state, age, gender, health, and term length.


The Bad

  • Not All Polices Are from Charles Schwab

Not All Policies Are from Charles Schwab

Schwab provides customers with quotes from other life insurance carriers. When choosing a policy through Charles Schwab, be sure to research the company that owns the policy to ensure that it is financially strong and able to meet its claims.


The Bottom Line

For customers seeking life insurance quotes, term policies, or permanent policies, Charles Schwab is a great resource.

Because not all of the policies available are through Charles Schwab, consumers should also research the company they purchase a life policy with.

View Best Life Insurance Companies

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Jmarsh Macomb, MI

Charles S has proven to be a very straight forward company. My whole family has set up life insurance policies with the corporation and has been happy with their security, high standards of excellence, professionalism, and friendliness. Whenever we have had questions, we have been able to ask them right away without hesitation or long wait times. I am happy to be a client and recommend them to others.

1 year ago


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wayne sanders Valley Center, CA

we have a policy with Charles Schwab. we got it quite a few years ago and we did it because the terms of the policy seemed to be inline with what we were looking for. Everything about the policy was explained clearly and the agent was more than willing to answer any of our questions.

3 years ago


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Cam McClellan Magna, UT

I have a few Charles Schwab investment accounts and they are great to work with. They are a true industry leader.

3 years ago