Are you shopping for an accurate term life insurance quote?
If so, we have some helpful tips to get you the most accurate quotes on your term insurance.
First, understand that the prices quoted to you on the internet are based on the information you provide – the answers to the questions asked on the Quote Request form you fill out when visiting a website for a free quote.
So, you want to answer every single question truthfully. Your quote is only as good as the information you provide in order to get your quote.
That means, don’t lie, don’t fib, don’t embellish the truth.
Especially about smoking, your weight, your age, your overall health, etc.
For instance, if the quote form asks "Have you used any tobacco in the past 3 years?" Don’t answer "No" if you smoke once in a while.
Rates for smokers are much higher on average compared to non-smokers. And, if you get caught lying about smoking, any claim on your life insurance policy death benefit when you die may be contested by the insurance company if smoking is the cause of your death.
Which means the insurance company may deny the claim and your beneficiary may not get any death benefit. However, your beneficiary may get the premiums you paid into the policy and perhaps some interest on those premiums.
Be Honest
It’s always best to give the exact information and be absolutely honest regarding your health when it comes to getting life insurance quotes and applying for a life insurance policy.
The only way to get accurate quotes for term insurance is to answer the questions truthfully.
Compare Multiple Quotes
When shopping for accurate term life quotes make sure you compare pricing from several insurance carriers to help you find which insurance company may offer you the most affordable policy.
Estimate of Life Insurance Cost
In addition, the prices quoted to you are estimates of your cost for term life insurance.
Your final cost of life insurance coverage will be based on the insurance company’s underwriting of your application for coverage and your health exam results, and other research an insurer does to determine your eligibility and acceptance for life insurance.
For example, if the medical exam indicates you have a health condition not stated on your application, and your health records show you were treated for health issues not stated on your application, the insurer may either charge a higher premium, offer a lower amount of life insurance, or turn you down for coverage.
The best way to get the most accurate life insurance quotes is to be honest.
Quality Life Insurance Broker
And, you’ll want to use a well-respected life insurance broker who has been in business for years and has access to a large network of highly-rated insurance companies.
That way, you can quickly and easily compare the best prices and get the help you need to understand your quotes and life insurance policy options from licensed professionals who are there to assist you in finding the most affordable policy from a highly-rated carrier.
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
There are many insurance websites offering "accurate" term life insurance price quotes, but those quotes may be based on very little information and frequently the quoted price you receive is available only to people in the very best of health.
To get the most accurate quotes on term insurance for your specific needs, the best option may be to speak with an independent agent of insurance broker who has access to multiple life insurers with high financial strength ratings.
Risk Factors for Pricing
There are several factors that will affect your price quote outside of your age and if you are a smoker or non-smoker.
Your height, weight, current health and family health history will impact how accurate your term insurance quote is.
Other factors the insurer will take into consideration may include your occupation as well as your hobbies.
Pricing Varies By Carrier
Keep in mind that there are hundreds of insurance companies that offer term life insurance, and that they do not all offer the same rates.
Some insurers offer more reasonable rates for people taking certain medications that help control their high blood pressure or high cholesterol, and some insurers offer more reasonable rates for smokers than others.
To ensure you are receiving the most accurate term life insurance quote you will want to speak with your insurance agent about which term life insurance company best meets your particular needs.
Shopping for Accurate Term Life Quotes
When you’re looking for term life insurance quotes, there are a few things you want.
You want them to be quick, so you’re not waiting around to take next steps.
You want them to be hassle-free, so there isn’t a lot of back and forth or confusion trying to figure out just what each life insurance quote means.
You also want them to be accurate.
What do accurate quotes mean for you?
They mean that you know that you’re getting life insurance coverage that’s within your budget and doesn’t feel like another financial burden. It means you don’t have to go to a different insurance website or insurance agent to figure out if what you were told initially is actually correct.
When you get term life quotes it’s pretty easy to judge whether or not you’re getting them quickly and hassle-free.
If you use SelectQuote, you need to wait for a phone call and can’t compare life insurance quotes instantly.
If you use AccuQuote, you fill out what seems to be the minimal amount of information about yourself in order to compare pricing for life insurance.
But How Do You Know If Those Term Life Insurance Quotes are Accurate?
A good judge of your insurance quote’s accuracy is how much information you have to provide in order to compare pricing.
Life insurers use a lot of risk factors when determining a life insurance policy’s cost and providing you with a free quote.
Some risk factors are obvious when deciding your health status: your age, your gender, tobacco use and family health history.
Others risk factors might not seem so obvious.
What sort of high-risk hobbies do you take part in? What medications do you take? What is your driving record like?
If your only including basic information like your smoking history and your current health level (how are you supposed to know where the line is drawn between "Excellent" and "Good"?), you’re likely not getting a very accurate quote because there are so many unknowns that need to be determined in order to estimate your cost of life insurance.
The more thorough the questions asked in order to get your quote, the more accurate your price for life insurance coverage.
Why? Because, the more specific information about you and your health the insurance carrier receives, the better able they are to analyze the risk you present, and give you an accurate estimate of your cost for life insurance coverage.
Recommended Quote Provider
We recommend JRC Insurance Group for comparing life insurance prices because they have the experience and expertise to provide you with the most competitive rates based on your specific health and risk factors. In addition, JRC has access to leading insurance companies that specialize in insuring all kinds of health risk and people of all ages.
Term 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
Accurate Term Life Insurance Quote
High Risk Life Insurance Quotes
Disclosure: Compensated Affiliate