If you are in the process of shopping for Maine Term life insurance quotes. You will find that the internet is the one place you can go to find the best life insurance rates. This article is going to explain how to properly shop for individual life insurance and get the best online life insurance quotes. After you read this article, you will be a much smarter life insurance shopper. Regardless of what you are shopping for, you must have some basic product knowledge.
Many people purchase life insurance everyday but unfortunately many also do not purchase the best plan design for their needs. This is not to mentioned they also fail to get the best life insurance rates. This blog post is designed so this does not happen to you.
The most important tip I can give you is, reach out to an experienced independent life insurance agent for help right away.
If you value your time to any degree, don’t try to do all the leg work yourself. An independent agent will do all the work for you at no cost or obligation. Life insurance can be very complicated with all the different plan designs and companies to choose from. Independent Agents also known as Brokers represent many life insurance companies. Captive agents such as State Farm, Allstate and Country Financial only represent one company. A choice of only one company is never going to work to your benefit. We shop the complete market to make sure our new applicant get the best life insurance rates.
There are a vastly growing number of new applications being generated in the state of Maine.
Many consumers in Maine are applying for life insurance because of the reduction in life insurance rates. The rates have been going down because of people living longer and reducing the risk factors. People are going to the doctor more often and eating more healthy foods. Also, quite a few people have quite smoking due to the terrible health hazards. Some of the cities with the highest increase in new applications are Portland Maine, Augusta, Bar Harbor, and Bangor. Also, Camden, Cape Elizabeth, Rockland, Lewiston, Wells and Saco.
There has never been a better time to apply for individual life insurance. You can apply and receive the best life insurance rates.
When risk factors go down, the life insurance companies respond by lowering their rates. Life insurance today is much more affordable that it was years ago. Whole Life insurance used to be extremely popular is now fading away fast due to low cost Term life insurance. And don’t forget the excellent permanent product, Universal Life which will cover you for the rest of your life.
The quoting systems of today take all the guess work out of trying to determine what company has the best life insurance rates.
Our quote engine will allow you to compare Maine Term life insurance quotes and see immediately what your options are. You can then confidently make the best decision possible and receive the lowest premiums. The more you know and understand, the easier it will be to find the best life insurance policy.
Quote engines actually promote the companies to offer the lowest rates possible. This is due to the fact that all the rates from all the carriers are displayed side-by-side. This promotes serious competition between the best life insurance companies and you become the winner.
One option you have is No Medical Exam life insurance which does not require a physical examination.
No Medical Exam life insurance can sometime be approved within 24 hours. The applications are very short and have very few medical questions. If you have any medical conditions, you may want to consider a No Medical Exam life insurance policy. These policies can sometimes cost more than a fully underwritten policy that requires a physical exam. There are many companies that offer excellent No Medical Exam life insurance policies. Such as one of our favorites the Lincoln National Life insurance Company. Read our No Medical Exam life insurance blog post for more information on these excellent policies.
Medical conditions or hazardous occupations and sports can all have a considerable impact on your final rates.
Keep in mind that medical conditions or high risk occupations can increase the cost of your life insurance premiums. Even a dangerous sport or hobby that you are involved with such as drag racing, skydiving & scuba diving. Also, boat or motorcycle racing and skydiving among many others can increase your final rates of your new insurance.
Independent agents have access to all of the best life insurance companies.
An experienced independent life insurance agent will know from experience what companies would be the best choice. This is where the independent agents really can get great results for you. With their ability to shop the complete market, they can custom fit you with the most applicable life insurance company. Choosing the most applicable company makes all the difference in the world so you receive the best life insurance rates. The State of Maine has a lot of good companies to choose from which gives you a real advantage.
Complete the form on the right and compare over 40 top carriers to see for yourself.
The most important concept when shopping for Maine Term life insurance quotes is to compare all the possible choices you have. Your agent will do all this for you and show you a spreadsheet listing all the companies and their perspective premiums. All life insurance companies underwrite their applications differently. This is why choosing the right company is so important.
If you have any serious issues with your medical history, a medical pre-screen will be just the ticket to perform. This is where a life insurance agents submit your basic health history to various companies. The companies then follow up with a health class they feel you should qualify for. Your identity is never given to an insurance company on a pre-screen, just the medical conditions. Whoever gives you the best health classification is usually the one you will want to apply with.
There are two main forms of life insurance to consider, Term and Universal Life.
The Term policies should always be considered temporary life insurance plan designs. This is due to the fact they have term lengths from 5, 10, 15, 20, 25, and 30 years. If your mission to keep your premiums as low as possible, Term will be your best choice. Just remember, that after a specific point in time, your policy will terminate. At this time you will have no life insurance when you still might need it.
Make sure to consider the excellent benefits of Universal Life insurance before you decide to apply.
The Universal Life policies will last forever but they do cost more money because of it. A smart decision is to combine Term life along with Universal Life to have the best of both worlds. You can use Term for the most financially liable times for a specific time period. Then you can have Universal Life to last the rest of your life with a lower face amount. If you need help choosing a face amount, feel free to use our death benefit calculator.
Keep in mind that your final rates are always calculated by a life insurance company underwriter and never an agent.
Many people have the misconception that the agents are the people that set the premium cost for the policies. The agents can only provide an estimated premium quote based on the information at hand. But the underwriters set the final rates after all of the application information has all been processed. The underwriting process on fully underwritten life insurance is usually 1-2 months. No Medical Exam life insurance can take 1-to 2 days to complete.
Don’t hesitate to call us for immediate answers to all your questions.
Shopping for Maine Term life insurance quotes can sometimes be very confusing. This only happens when you do not have and experienced independent agent helping you. Studies have shown that approximately 78% of consumers that to do enlist the help of an agent. Eventually give up on the thought of buying life insurance and go without life insurance all together. There is no excuse for this especially when there is no cost to have an agent help you.
You may call us toll free 7 days a week toll free at (800)897-5699.
Take a moment to read our about us page to learn more about us and our business.