I tried a few of the online life insurance quote sites but they all seem to be geared towards much larger life insurance policies ie., $150-$200K or more.
Can someone suggest a company that will sell policies with smaller life insurance coverage amounts?
Yes, most life insurance carriers online start with a minimum of at least $50,000 or more, for a life insurance quote.
However, if you look for lower limits from other carriers that specialize in that type of policy, you may find you are paying more per thousand dollars of coverage than you would with a higher limit life insurance policy.
Many times, the lower limit policies will not require a medical exam, and these may be geared for people who are older or have health issues, and only need a smaller amount of life insurance, so the rates are higher per $1,000 of coverage.
It may be more affordable to purchase a policy of at least $50,000. Since you say you need the life insurance on your son, and rates are lowest for younger people, it shouldn't cost that much.
Here's how you can compare life insurance quotes online from several leading insurance companies to find the most affordable plan.