Life Insurance Quotes for Term Insurance

How to Shop for Term Insurance Quotes

 

If you need life insurance you may be considering the purchase of a term life insurance policy.

Many people choose term life coverage to provide affordable protection for their loved ones.

Term insurance offers the most affordable type of life insurance, which means you get the most coverage for your money. 

And comparing quotes for term life insurance are quick and easy, with no delays and no hassles.

Request Your Term Life Insurance Quotes

 

How to Get a Free Quote for Term Insurance

It’s actually very simple. You just click on the link above, answer some basic personal questions, then click the button to instantly see the lowest prices available for term life insurance based on your specific needs.

There are some questions about your age, gender, health, tobacco use, state of residence, and lifestyle. The insurance company uses your personal information you provide to help determine what class of risk you are, to give you the best rate you qualify for on your life insurance plan.

Term life quotes are provided by a network of leading life insurance carriers offering affordable coverage from financially sound, secure insurers.

 

How to Save Money on Life Insurance

There are several tips you can use to help you get more affordable life insurance premiums on your coverage.

• Compare Rates – You may save up to 50% or more on your premiums by comparing prices among several insurers.
• Choose Term over Permanent – Permanent life insurance costs up to 5-10 times more than term insurance policies.
• Annual Premium Payments – Insurers charge an additional processing fee for monthly or quarterly premium payments. Paying premiums once (annually) per year will save you money.
• Get Healthy – Improve your overall health by eating right, exercising and lowering your cholesterol to qualify for a better rate on life insurance.
• Quit Smoking – Smokers pay up to 5-10 times more than non-smokers for the same amount of life insurance protection.
• Lose Weight – People who are obese or overweight pay a higher premium because of the greater risk of developing health problems which could shorten your life expectancy.
• Avoid High Risk Hobbies – People who take part in high risk hobbies; such as, B.A.S.E. Jumping, mountain climbing, racer driving or skydiving pay a higher rate for life insurance.

What Do Comparisons for Term Life Insurance Quotes Provide You?

When you request comparisons quotes for term life insurance you receive multiple quotes from several different life insurance companies which usually provide the following information:

• The names of the insurance companies.
• The premiums quotes for the life insurance coverage.
• Financial strength ratings of the insurers.
• The type and amount of life insurance quoted.
• The premium payment options available.

In addition, the quote providers have a phone number and email address available for providing assistance with understanding your life insurance quotes and helping you to apply for your life insurance policy.

 

What are the Benefits of Comparing Term Life Insurance Quotes?

There are several benefits to comparing life insurance quotes online, including:

• Convenience – You can compare instant life insurance quotes online from the convenience of your home or office any time of day or night.
• No Sales Pressure – You can use your computer to compare quotes there’s no need to meet with an insurance agent, and no sales pressure.
• Quick and Easy – It only takes a couple of minutes to fill out a quote request form and receive your free, instant term life quote comparisons online.

 

What Will Determine My Premium for Term Life Insurance?

When calculating premiums for a term life insurance policy, life insurance carriers consider several risk factors, as well as, the amount of life insurance and duration of your term life policy.

Several risk factors affect your premium, including your age, gender, health, family health history, occupation, hobbies, driving record, height-to-weight ratio, if you smoke or not, lifestyle, credit history, etc.

The amount of your life insurance also affects your premium, as well as, how long your term life insurance policy will last. Most term life plans provide coverage for a period of 10, 15, 20, 25 or 30 years. The longer the term for your life insurance policy the higher your premium.

 

How are Term Life Insurance Rates Calculated?

The primary unit for figuring out a life insurance rate is the rate per thousand (cost per $1000 of insurance), which can vary depending on which factors influence it (age, gender, etc). 

For example, if the rate is $0.20 per $1,000 and an enrollee elects $15,000 in coverage, the monthly premium will be $3 ($0.20 x 15 = $3). 

Factors that Affect the Rate Per Thousand of Coverage

Rates can vary depending on the group's risk. With group policies, such as the ones provided through employers, the carrier has already taken into consideration the risks associated with the group and calculated a rate for that group. 

Some common risk factors include:

• Age 
• Gender
• Occupation
• Location

Once the rate is established for the group, it can either be one rate for all enrolled or there can be age-bracketed rates. Age-bracketed rates establish different rates for coverage based on age, even though the enrollees are in the same group - for example, an enrollee over 65 might have a higher rate than an enrollee under 65, despite being enrolled in the same plan.

 

Key Factors That Influence How Life Insurance Premiums are Calculated

 

Common Personal Risk Factors

• Age – Rates are based in part on your age. The older you are when you purchase a policy, the higher your rate.
• Gender – Women live longer than men in general, which is why they pay lower rates on life insurance.
• Weight and Height – If you are overweight or obese, you will be charged a higher rate for your coverage.
• Medical History – If you have a history of health issues, your rate will be higher than the standard rate for life insurance.
• Marital Status – Some insurers offer lower rates for people who are married, because marriage can be a stabilizing factor and lead to a longer life.
• Occupation – People with a high-risk job will be charged a higher rate for coverage.
• Income – Does your income support the amount of life insurance you need?
• Debts – People with a bankruptcy or poor credit would be considered a higher risk and pay a higher rate for life insurance.
• Smoking and Alcohol Consumption – Those who drink and or smoke regularly will have a higher risk of health issues including heart disease, so they would pay a higher rate for life insurance.
• International Travel – Regular travel to high risk third world countries may increase your risk of an early death, so the insurers would likely charge a higher rate for your coverage.
• High Risk Hobbies – Higher rates are charged to insure people who take part in high risk hobbies; such as, B.A.S.E. jumping, skydiving, race car driving, mountain climbing, etc.

 

Term 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.

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