How to Compare Life Insurance Quotes

Compare Life Insurance Rates

But What is a Quote for Life Insurance? 

Actually, it’s simple. A "Quote" is the price estimate your life insurance policy will cost based on information you provide to the insurance company.

Your life insurance quote is based on several key factors which include the type and amount of life insurance you request.

In addition, your age and health are main factors in developing your price quote.

Also, other variables come into play which include your family health history, lifestyle, tobacco use, driving record, occupation, hobbies, credit history, etc.

  

What Questions are Asked to Get a Quote for Life Insurance? 

It varies by the quote provider, but most will include questions about your age, gender, tobacco use, health, type of life insurance, length of time you need coverage, and amount of life insurance you need.

 

Who Offers Quote Comparisons for Life Insurance?

There are several well-known sites that offer quotes including JRC Insurance, Wholesale Insurance, Termfinder, AccuQuote and Efinancial, among others.

 

How Long Does It Take to Compare Quotes?

It will usually take about one minute (or less) to answer the basic questions to complete the quote request form, then just click on the button to get your quotes.

Many quote providers will show you the price comparisons right in your computer or phone immediately, while some may email the quotes to your email address.

 

What Does It Cost to Get Quotes?

Price quote comparisons for life insurance are absolutely "FREE".

 

How Many Quotes Can I Get for Life Insurance?

You can request as many different free quotes as you want for different amounts of life insurance coverage, or lengths of term for coverage.

 

How Many Insurance Companies Can I Compare Quotes from Online?

Some insurance websites have access to a network of insurers. You may be able to compare the best life insurance price quotes from as many as 40 or more insurance companies at once.

 

Are My Price Quotes Guaranteed?

Your free quotes are an estimate based on the information you provide on the quote request form. Your actual price for life insurance coverage may vary depending on your health exam results and other risk factors.

 

What Companies Offer the Best Life Insurance Prices?

There are several insurance companies that offer competitive pricing for life insurance. However, it depends on your own personal risk factors as to which insurer may offer you the best price based on your age, gender, health and other factors.

The good news about comparing prices for life insurance online is that you get the best quotes from a network of leading life insurers. So, you’ll instantly find which insurer offers you the best rate based on your personal risk factors.

Usually, quote providers will have access to a network of several highly-rated life insurance carriers including well-known carriers like Prudential, Metlife, Northwestern Mutual, Mass Mutual, Transamerica, and American General, among others.

 

Key Features to Review with Your Free Quotes

Your free, instant life insurance quotes will usually provide you with the following: 

• Pricing – You see price quotes ranked from lowest to highest cost.
• Duration of Coverage –  You can compare rates on term life insurance for a duration of 10, 15, 20, 25 or 30 years.
• Coverage Amount – You may compare pricing for any amount of life insurance usually from $50,000 up to $2,000,000 or more.
• Insurance Company Financial Rating – Your quotes may provide the AM best financial strength ratings of the insurance carriers quoted.
• Payment Options – You may see price quotes for payment options that include: Monthly, Quarterly, Semi-Annual and Annual.

 

It’s important to review the financial rating of the insurers to assist you in selecting the most financially sound, secure insurance carrier.

However, you may also want to consider the insurer’s reputation for paying claims on time and the length of time the insurance company has been in business.

The quote providers, which are online life insurance brokers, have licensed life insurance representatives who can answer any questions you may have about your life insurance price quotes, insurance coverage or life insurance policy options.  

Compare Life Insurance Quotes

Top Pick - JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote. 

Resources:

• How Term Life Insurance Works
• How to Decide How Much Life Insurance to Buy?
• Term Life Insurance vs. Permanent Life Insurance
• List of the Top 10 Life Insurance Companies

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