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.
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.
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.
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.