Jan 30
Purchasing term life insurance online
Purchasing term life insurance online may seem risky when you know nothing about the company.
When shopping online for affordable term life insurance, don’t fall into the trap of a “come on” term life insurance rate. The Internet is a great way to get a free life insurance quotes, but sometimes only basic questions are asked: age, sex, height, weight, yes/no smoking. You may be initially quoted a cheap life insurance rate, but often times you may not be able to qualify for it.
Also, when shopping online, keep in mind that if you want the best rate, you need to take a medical exam. There are policies that don’t require a medical exam, but the amount of term life insurance coverage is usually limited and is the cost is much higher.
Before beginning your search, determine how much life insurance you need by using a life insurance calculator. This will help you in getting an accurate life insurance quote based on your needs. Good luck!
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February 1st, 2009 at 10:33 am
It’s also important to consider how many years you need coverage, and what you can afford to pay.
When choosing a life insurance plan make sure to review the financial strength ratings, and compare rates from several carriers to find the most competitive plan from the highest-rated insurer.
Also, choosing an annual premium payment option may be less costly compared to paying premiums on a monthly basis.
Since rates increase with age consider buying coverage at least 6 months before your next birthday to lock-in a lower rate for life insurance.