Thank you for visiting our informative life insurance blog. This post concerns a very common question that comes up on a regular basis which is, what life insurance companies have the lowest rates? This is a good question because it goes without saying that nobody wants to pay anymore for a life insurance policy than they have to. First of all some specific information would have to be known about the proposed applicant to be able to match the correct company to the specific applicant’s health history and lifestyle.
This information would be relative to the applicant’s health history, smoking status, age, occupation, height & weight and possible sports the applicant is involved in. Every life insurance company underwrites differently which means they have different criteria for each of their rate classifications.
Let’s take a look at the most common case scenario which would be smoker vs. non-smoker
Smoker vs. non-smoker rates is one of the most common factors that would determine what life insurance company has the lowest rates. If we were to use an example of rates for a $100,000 20 year Term policy with a standard rate class for a 30 year old male in good physical condition with no other rate factors other than tobacco use, here would be a good breakdown of the Term life insurance quotes starting out with a smoking rate for cigarette use as a good example.
The following list displays the top 10 best quotes in the “standard smoker” rate class:
1. Northwestern Mutual- $276.00
2. Transamerica- $291.00
3. SBLI- $307.00
4. Banner Life- $307.00
5. Symetra- $310.00
6. Pan American- $313.00
7. New York Life- $321.00
8. Baltimore Life- $325.00
9. Ameritas- $326.00
10. Minnesota Life- $335.00
The following list displays the top 10 best quotes in the “standard non-smoker” rate class.
1. New York Life- $158.00
2. Protective Life- $158.00
3. Transamerica- $162.00
4. Banner Life- $162.00
5. Genworth- $162.00
6. SBLI- $164.00
7. Pan American- $165.00
8. Royal Neighbors- $167.00
9. Symetra- $168.00
10. Ameritas- $169.00
As you can see the order of the life insurance companies has changed quite a bit including the premiums between the two rate classifications also. The point I am trying to get across is using the most applicable for the applicant is crucial when searching for the lowest possible rates.
Comparing Term life insurance quotes or any life insurance quotes for that matter should be reviewed by an experienced insurance agent or broker.
There is a lot more involved than just pressing the button on a quote engine to find the most cost effective life insurance premium. If you try to tackle this job on your own, the odds are you will be wasting your time because you do not have the knowledge or training that an insurance professional has. On that note, an insurance professional will do this for you at no cost or obligation.
If you have any medical problems, height / weight issues, dangerous sports or occupations to be concerned about this process will work the same way. All life insurance companies have their own rates for each life insurance product they offer and they also have their own niche markets they like to be active in.
High Risk Term Life insurance rates can be very affordable when using the correct life insurance company.
If you are in a High Risk type classification due to medical conditions, a pre-screen would make the process much simpler and you would have a good idea where the premium will end up once the medical underwriting session has been performed. We offer this service free of charge and it only takes the matter of minutes and none of your personal information is required. High Risk life insurance is very common and we deal with it on a regular basis.
There are many life insurance companies offering low Term insurance rates competing for your business.
Thanks to the agents life insurance quote engines integrated into their websites, the rates can be easily compared on a side by side basis. The life insurance companies knowing this have made their rates as competitive as possible because they can now be easily compared for all to see. This concept is great for competition which means it helps to lower the rates that life insurance companies offer the consumer market.
Our life insurance quote engine will compare Term life insurance and Universal life insurance rates from over 40 of the highest rated and most trusted companies in the U.S. Feel free to use our quote anytime you would like without any cost.
Final Expense life insurance otherwise known as Burial Insurance is also available for quoting on our quote engine.
These plans are great for senior citizens that need life insurance to cover their last and final expenses. These Final Expense plans are normally of the Whole Life plan design and never terminate as long as you pay the premium. They are also in the “simplified issue” family of life insurance policies which have very little underwriting involved. The death benefits usually are offered at $10,000 to $100,000. Life insurance companies with the lowest rates will automatically be displayed on our quoting engines.
Feel free to contact us 7 days a week for no cost advice and help finding the best life insurance for your needs at the lowest possible premium. There is no cost or obligation for our service. You can also call us toll free at 800-897-5699. Thank you again for visiting our blog.
Here is our state by state service area where we help people save money on their life insurance:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, District of Columbia