It sounds easy enough. Just go online and get the best term life insurance quote from one of those quote providers. We've all heard about it. "Save 75% in 2 minutes!" The problem is - with so many choices - which web site do we trust to give us the best quotes for our life insurance? And, how do we get the best term life insurance quote?
ounds easy enough. Just go online and get the best term lifeinsurance quote from one of those quote providers. We've all heard about it. "Save 75% in 2 minutes!"
The problem is - with so many choices - which web site do we trust to give us the best quotes for ourlife insurance? And, how do we get the best term life insurance quote?
First, you have to understand that the internet has made it so easy to compare quotes that many insurers have lowered their rates in recent years. Also, many of the quote providers' web sites have agreements with the top rated insurers offering the best rates. So, when you go to a respected web site and request a quote - you'll get instant side-by-side comparisons from many of the best insurers with the best rates available online.
Where Do I Begin?
There are consumer review sites that mention the top rated quote providers. Some leading quote provider sites include ReliaQuote, AccuQuote, Insure and life-online.com">Term-Life-Online.com.
First, decide why you need the coverage and for how long. Then, determine how muchlife insurance protection your loved ones need. Use a life-online.com/term-life-insurance-calculator.html">life insurance calculator to determine the right amount of coverage.
Select a web site mentioned above and go to their quote page. This should be clearly stated on their web site. You answer one set of questions, one time and they give you easy to understand quotes from top-rated insurers. The quotes shown will be the lowest available from that service based on your information.
Also, the quotes should show the financial rating for the insurers. A.M. best is a financial rating service that reviews and rates the financial strength of insurers. You may want to choose an insurer with an "A" rating from A.M. Best to be safe.
Next, make sure your quotes are for the coverage you need. The most common type of term life insurance is Level Term Life Insurance. An example would be a $100,000 policy for 20 Year Level Term Life Insurance. This means you pay the same premium each year for 20 years. If you die before the term ends, your beneficiary receives the death benefit of $100,000. If you outlive the term, your policy expires. If you need coverage at that time, you will need to purchase another policy - usually at higher rates based on your age at that time. However, you may or may not qualify for coverage if you are in poor health.
No comments:
Post a Comment