Low Cost Term Life Insurance Quotes
We offer low cost term life insurance quotes for all types of individuals. Regardless of your health record or age, we will do everything possible to find the best term life insurance rates for you. Our quote engine will search a database of the most competitive carriers in the industry to offer you the opportunity to save 30% - 70% on your life insurance policy!
Ten Things to Know About Life Insurance
1. All policies fall into one of two categories. There are term insurance policies, or pure life insurance coverage. And there are the many variants of whole life insurance, which combine an investment product with pure term insurance and build cash value.
2. Beware of high pressured sales. Insurance is sold, not bought. Agents sell the vast majority of whole life insurance policies because the life insurance industry has a vested interest in pushing high-commission (and high-profit) whole-life policies.
3. Whole life insurance is expensive. Policies with an investment component cost many times more than term insurance policies. As a result, people who buy whole life often can't afford an adequate face value, leaving themselves underinsured.
4. Whole life policies are built on assumptions. The returns quoted by the insurance agent are educated guesses -- not reality. And some companies make these guesses of future returns very optimistic, simply to attract more buyers.
5. Keep your investing and insurance strictly separate. There are better places to invest -- and without the high commissions of whole-life policies.
6. Buy enough term insurance coverage to fill your needs. Life insurance is no place to skimp, especially with rates at historic lows. Use our calculator to get a rough idea of how much insurance you need.
7. Match the term of the policy to your needs. You want the policy to last as long as it takes for your dependents to leave the nest -- or for your retirement income to kick in.
8. Buy when you're healthy. Older people and those not in poor health pay steeply higher rates for life insurance. So buy as early as you can, but don't buy until you have dependents.
9. Be Honest. There's no sense in hiding the facts on your application to get a lower rate. Be assured that if a large claim is made, the insurance company will investigate everything you stated in your application before paying.
10. Use the Web to shop. Buying life insurance has never been easier, thanks to the Internet. You can get tons of quotes, without the worry of a high pressured sales pitch.