Instantly Compare the Best Life Insurance Quotes
Finding the lowest rates is quick & easy when utilizing side-by-side comparisons
You can rest assured that the instant term life insurance quotes you will be viewing will always be accurate and up to date at all times. You will be able to review the best life insurance rates from over 40 of the most trusted and competitive life insurance companies. Our quoting system will allow you to compare the best online life insurance quotes displayed side by side.
We provide immediate life insurance quotes from the best life insurance companies in the nation. If you have any medical conditions, we can converse with you later to discuss your specific health class. We are independent agents working on your behalf and not an insurance companies best interest. If you decide to apply, you will be able to enjoy a quick and simple telephone application.
Here is Our Time Proven Checklist for Getting the Best Life Insurance Rates!
Anyone shopping for term life insurance has one goal in mind, to get the best life insurance rates possible. Most term policies are for the most part “cookie cutter” plan designs, so why pay any more than you have to. If you read below you will see a totally proven checklist that I put together using my over 20 years experience to help you. Before you apply for life insurance, take this checklist and use it to your advantage. I guarantee these tips will help you to be successful in finding the best term life insurance rates anywhere.
Did you know that all insurance rates are regulated by law?
This is the first fact I wanted you to perfectly understand. When you are looking at a specific (in this case) life insurance plan design and the same insurance company. The premium you will pay is going to be exactly the same regardless of who you buy it from. If you apply through an independent agent located in any given state or if you apply direct with the carrier itself. The premium will always be exactly the same to the penny. Insurance agents or brokers have absolutely no control over the price of life insurance.
The insurance company actuaries carefully decide the rates and then it becomes etched in stone from that point on. Each state at this point will have a Department of Insurance that will review these rates before they are released to the consumers. The Department of Insurance will then approve the rates and inform the life insurance company to begin marketing these premiums to the residents in each state. Read our life insurance rates are regulated by law blog post for more information.
You can save money by paying your premium on an annual billing mode!
Paying your premium annually is always going to cost less than paying semi-annually, quarterly or monthly. Paying on an annual basis will cost approximately 7% less than paying monthly with some companies. Paying semi-annually or quarterly will cost between 2-4% less. If your budget will allow it, pay your premium once a year, you will be money ahead.
Life insurance rates go down when you buy higher face amounts?
I am sure you have heard of the expression buying in bulk and what is means. All it means is some products cost less when you buy more of it. Life insurance works the exact same way. If a person purchases larger face amounts they will get the best life insurance rates when compared to purchasing a smaller face amount. These are called life insurance “Rate Bands” and they can help lower your premiums.
For an example, if you wanted to purchase a $200,000 life insurance policy, it could be cheaper to purchase $250,000 as your face amount. The premium might be lower or just several dollars more to pick up another $50,000. Check out our life insurance rate band blog post for more information and some good examples.
Did you ever hear of laddering your life insurance policies?
Most people have never heard of laddering life insurance policies so don’t feel bad, if you never heard of it. Here is a simple example that will help you understand how laddering works: John Doe needs life insurance for 30 years. He will need a grand total of $500,000 as his face amount. After the first 20 years, many of his financial liabilities will drop off, $200,000 to be exact.
Instead of purchasing one policy for $500,000 for 30 years, he should apply for two policies at the same time. One term policy for $300,000 with a term period of 30 years and another policy for $200,000 for only 20 years. After his $200,000 of financial liabilities drops off after the first 20 years, he will still have his $300,000 for the next 10 years. This will give him the face amount he needs at the correct term periods for less money than buying the one policy he originally planned on.
Choosing the most applicable life insurance company is crucial!
Choosing the most applicable life insurance company is by far the most important step when your mission is getting the best life insurance rates. If you have medical conditions, this makes making the right choice even more important. Applicants with a dangerous sport or hobby also have to pay attention to what carrier they initially choose to apply with. Our office works with over 40 highly rated life insurance companies to make sure we always have access to the best life insurance rates. Also, people with dangerous occupations have to keep in mind that the life insurance companies take your occupation into consideration. If your job is dangerous, you could possibly be placed into a high risk life insurance category.
Independent agents always have a major advantage!
There are two types of insurance agents, independent and captive. Independent agents do not work for an insurance company unlike captive agents do. Captive agents work for an insurance company such as State Farm, Country Financial, Farmers and others. They only have one company to show you which totally eliminates shopping the market in your behalf. Independent agents otherwise known as Brokers have access to the complete insurance market. If you are looking for an agent to help you, go with an independent agent (hopefully us of course) if you are looking for the best life insurance quotes.
Pre-screen any health conditions before you apply!
Anytime you have health conditions especially serious ones, your agent should pre-screen your issues before you apply. Without a medical pre-screen, you could get an unwanted surprise after the final rates are calculated by the underwriter. If you receive rates you’re unhappy with and re-apply with another company. The new company will know you just applied shortly before and this is not a good practice. The second company may not give you lower rates you were expecting. It always pays to see which company will offer the best life insurance rates before you ever sit down and apply with any company.