The easiest way to get an term life insurance quote is to use one of the online quote providers. These quotes are always provided with zero obligation and you can even maintain your privacy by using a j2 or Google Voice mailbox.
Here are some tips when getting an online term life quote:
- Use Multiple Quote Providers
- Don’t Rely On Just One Life Insurance Company
- Be Honest About Your Health
- Know How Much You Are Willing to Spend Per Month
- Make Sure You Get A Quote Online or by E-Mail
You want the best rate, so comparison shopping is the way to go. Different term life insurance quote sources will have access to different insurance company policies.
You may already use an insurance company for health, auto, or homeowners insurance. While they claim they can offer you a discount for multiple policies, your health status may be unique and only by looking at multiple quotes can you be sure you are getting the best rate. Also, generally speaking, the generalist insurance companies that offer many different types of insurance are not as competitive with life insurance as a dedicated life & health insurance company.
The online quote is just an estimate. Your actual cost could be higher or lower after you’ve gone through the full application process. Depending on details that are specific to your health, your agent will help you get the best rate for your requirements. For example, some life insurance companies will give you better discounts if you are a former smoker, and the application process will ask you how long ago you’ve quite smoking.
Much like buying a car, know what you can afford. While we would all love to have very large life insurance policies so our dependents can live well after our passing, the reality is if the life insurance premiums are too high for your income, you could run the risk of lapsing and the worse case would be having no life insurance at all should the worse happen.
If the online term life quote website you are using does not provide you with an estimated quote online or by email, and insists on an life insurance agent talking to you by phone before they can give you a quote, then beware they may be trying to sell you whole-life or permanent insurance. This is fine if this is what you want, but know your term life quote estimates in advance before you have the whole-life discussion.