The Truth About Online Life Insurance Quotes

Life Insurance Quotes

Life insurance refers to a policy that offers financial stability and protection upon the death of an individual. Thus, the main beneficiary is not the person taking the insurance policy but his family or other appointed people. As such, it may also be viewed as a form of savings especially if you are buying a plan that requires you make contributions on a regular basis. Some of the areas that are usually covered by the insurance quotes include protection of your mortgage, security for your family, a consideration for retirement savings and security for the family.

Unfortunately, not everyone knows how to find the best life insurance quotes thus they have to use insurance brokers and agents which is sometimes too costly. However, with the proper use of the internet finding quotes takes just a matter of minutes. This is because a majority of the insurance companies are taking advantage of new technologies as a means of ensuring that they penetrate the market with ease.

Even better, there are a number of companies that have developed technologies that is capable of comparing many insurance quotes at once. This saves you the trouble of having to request quotes from every site or even comparing few sites. This mega quotes comparison can be done by following simple steps without having to contact an agent. In order to get started you will need to begin by keying the specific information on the number and type of quotes that you want. For instance, if you would like to compare 50 quotes then the words that you will type into the search engine are compare 50 insurance quotes. With this, the search engine results will include the list of all the possible life insurance quotes from the various companies that offer it.

From these results you may then visit the specific company websites so that you can check for further specific details. This is very important because although they all offer insurance policy, the particulars of these policies will often vary from one company to the other. You may even go further and obtain a quote as this is usually free. However, you must be willing to provide some basic information that usually determines the quote such as your gender, age, weight, occupation and email address. You may also specify on the type of benefits that you would like to have for your policy. Once you have provided this information, the company will send you an email with the quotes.

This must however be done with caution while taking time to compare the various companies carefully. This is because making comparisons for a huge number of companies can be overwhelming and could cause you to make the wrong judgment in the process because of processing too much information. Thus, you may also want to consider working with smaller number in making the comparisons for the quotes. In conclusion, while everyone is certain that they will die someday, it is important to consider going to a life insurance policy that will benefit those who will be entitled to the benefits. Therefore, it is worthwhile to check out for the various quotes before making a decision on the quote that you will settle for.

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The Life Insurance Quote Business is Booming, but is the Insurance Quote Accurate?

The life insurance quote business online is booming. Not only are life insurance agents quoting a more diverse portfolio of companies, but consumers are also now able to quote life insurance online for themselves. In this article, I will analyze the impact of the life insurance online quote on the insurance industry, the insurance broker, and the consumer looking for insurance.

In the not so distant past, life insurance was sold, not bought. The typical agent would travel door to door, network locally, and perhaps meet with potential policyholders for dinner at their home. The “debit” agent was also a common profession. These agents would actually go to their clients and collect the premium on a weekly basis. The life insurance quote came from a person back then, not a computer.

These days, consumers can go online for a life insurance quote. The ability to readily compare the cost of life insurance among hundreds of life insurance companies has dramatically changed the environment.

The biggest impact to the insurance industry is the fact that the cost of coverage has decreased significantly. This is good for the client, but is in effect shutting smaller companies down as the claims to revenue ratio is converging.

Another impact is the fact that when consumers get an online life insurance quote, they are rarely coached as to what is the better deal for them. Often times, term life insurance is the only product that they are offered. The customer is not being told about the advantages of whole life insurance or the flexibility of universal life insurance…they are often just given a term life insurance quote as requested. The life insurance agent of past would have talked to the client and done some fact finding before selling them something that may not fit their particular situation.

The online Life Insurance Quote industry has also affected the independent insurance broker. Often times, the local broker is not trusted with the quote because the consumer has gone online and gotten a cheaper quote from an online quote service. Misquotes are usually the result of the lack of fact finding on the part of the online insurance quote companies. Customers would be much better off dealing with a licensed life insurance agent (who can broker any company out there; whatever suits the customer best) for their life insurance quotes.

So the next time you go online looking for the best term life insurance rate, consider that you may be making a mistake by dealing with a “call center”. Consider that the life insurance quote that you are receiving is only from the companies that they carry. Consider calling on an independent life insurance broker for your term, whole life, and universal life insurance needs and information.

By: Ashley Brooks, CLTC

Ashley is the marketing vice president for the Family Life Insurance Brokerage Business and has a background in Health & Financial Underwriting, Insurance Plan Design, and “best deal” shopping. Brokerage Services carries only A rated (or better) companies in their product portfolio and has been serving the needs of Independent Insurance Agents since 1977.

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Where Can I Get a Free Life Insurance Quote?

Usually, individuals planning to apply for a life insurance policy prefer to obtain life insurance quotes of few companies, before selecting the ideal company. However, individuals may save their valuable time and money, if they refer to Internet sites to obtain free life insurance quotes.

Using the online method, there is no obligation to buy the insurance policy after obtaining insurance quotes. Some agents also offer free life insurance quotes of different companies. These brokers are those, who work for different life insurers. As a result, they afford providing free life quotes to aspiring individuals.

Other agents who work for a single company may or may not be able to offer free insurance quotes. Due to the present market conditions, most agents do not prefer baring the cost of giving quotes. They may charge small fee for handling out the life insurance quotes.

Therefore, to obtain free life insurance quotes, individuals need to fill out a simple online application form. After acquiring the quotes, they may select the best plan through the Internet. This procedure saves effort, money, and time, as individuals have facility to compare and distinguish several plans of various life insurers.

The online method of obtaining free life insurance quote is also beneficial because, many insurance buyers purchase pricey policies due to insufficient knowledge about the various plans available.

Details of Free Life Insurance Quote:

When individuals fill and submit the online questionnaire form to obtain quotes, the industry experts who work for the online web site, first review the applications. Later, they e-mail free life insurance quotes from several companies to the individuals. Thus, these free life quotes help the buyer to locate affordable coverage, simply sitting at the comfort of their homes.

It allows the buyers to survey freely the entire life coverage industry. Furthermore, people can obtain numerous quotes without bothering about any charges at all. Free life insurance quotes are the estimation of coverage amount, interest rates, tenure and so on. It takes into account several factors such as health condition of the applicants, their age, hobbies, addiction such as smoking, alcohol, or drugs.

If individuals are healthy and hearty, they may obtain affordable free quotes. However, individuals who have the health problems may obtain quotes, which offer higher rate premiums. However, such people may improve their health and then, obtain the quotes and apply for the insurance policies.

One thing that people need to note when acquiring free life coverage quote is they need to furnish truthful information in the questionnaire form. Otherwise, there will be huge difference between what quotes depict and the final amount that has to be paid to the company after verifying the health details of the individuals.


When obtaining free life insurance quotes, people have to see if the quotes fulfill their needs. Thus, using the Internet to acquire free life insurance quote is an ideal way for individuals to select their perfect insurance plan.

Mainly, it does not involve the pressure of insurance agents. Hence, obtaining free life insurance quotes online, take out its copy, and refer to it, while applying for a policy online. To help you out please visit the following resources.

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How Do You Compare Life Insurance Quotes?

We commend you on taking the time to learn about protecting your family with life insurance.

Most people consider it a non-necessity because they believe that nothing will ever happen to them or they might also believe that it is a waste of money. It’s always, always better to have a life policy than not to have one. Also, you will not a need life coverage forever. Just to protect your dependents until they are no longer dependent upon your income. By that time there will be no need to insure your life or insure your income.

You have inputted your information for a life quote and retrieved a list of life insurance quotes for you and you are wondering: How in the world do I compare all these insurance quotes?

Here are the factors to help you:

Company Credit Rating of the Insurance Company

Look at how solid the Life company is. This is ABSOLUTELY important in the fact that a company with a bad credit rating renders your life policy absolutely useless and you will be throwing your hard earned money away each month without even knowing it. You must research yourself if the insurance company is a well known, established company with solid financials or is it a relative newcomer in the industry?

Check the financial credit rating of the company. Their rating scale ranges from “A++” to “F” where “A++” is the highest credit rating and “F” is the worst financial credit rating for the company. Actual grades vary by rating company.

Why Credit Rating is important:

You would NOT want to get a really great life quote and pay life insurance premiums for years to find out that your insurance company went under OR will never be able to payout the benefits in case God forbid something happens to you.

Price of your Life Quote

The price of life insurance quotes available to you will vary depending on many factors or “risks” surrounding your life.

Your health (smoker /non-smoker), weight vs height, hobbies and habits all play a role in the price of your life insurance premium.

Always keep in mind that the healthier you are the lower your monthly premiums will be. By healthy we mean your optimal body weight, healthy blood pressure levels, heart rate, no history of high risk diseases, etc. They also consider activities such as extreme sports a high risk so those of you who do skydiving or other dangerous activities will set yourself up for higher rates / premiums.

Note: The minimal life coverage offered through your employer only stays with your employer. The amount is definitely not enough to cover your family for the long term and ONLY covers you if you are working for your employer. If you are not working for your employer at that time then you are not covered with your work life policy.

1st: Out of all the life insurance quotes available decide on a solid life company with a high credit rating.

2nd: If Riders are available (extra benefit added to the policy). Once such life insurance rider is the Waiver of Premium Rider or Disability rider which in case you become disabled and cannot work the Waiver of Premium Rider will kick in and your premium payments will be made by the insurance company.

3rd: Check for any additional fees in addition to the monthly premium.

If you know that you need to buy life insurance the longer you wait to get life insurance the more expensive your premiums will be. This is something to keep in mind for those who are checking life insurance quotes now and are surprised to see life insurance quotes premiums jump 1 or 2 years later when they check again.

You present a higher risk with each passing year and your life ins quotes will reflect that. So the sooner you buy life insurance the sooner you will have peace of mind knowing that you have protected your family AND you will be paying lower premiums.

Evan Povich is a representative of Insurance Comparisons Site.

Offering cheap insurance quotes from over 100 of the top insurance companies on life insurance quote / life insurance quotes, car insurance quotes, health insurance quotes, homeowners insurance quotes and Long term care insurance (LTC Quotes).

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Why You Need to Fill Out a Life Insurance Quote Comparison Form

Life Insurance quote comparison services have become a popular way of marketing insurance products. Insurance companies with low premium rates encourage people to compare insurance quotes and this way, they can convince newcomers to purchase life insurance products from them. There are various times when using these life insurance quote compare solutions can be ideal for making life insurance policy decisions.

When Seeking a Life Cover

If you have just started to work or have just decided to get yourself a life policy, then your first stop should be seeking for a genuine life policy quote comparison service. The quote comparisons provide you information about the insurance premiums you will pay for the life cover from different providers. The life policy quote compare application is found in various insurance related websites and you will be required to fill out your basic information so as to have a close estimate of the insurance premiums to be charged by different life insurance providers. With this information, you not only find out what insurance company charge the least but you also get to know what type of life insurance policies are available for you.

Negotiating With Your Provider

Most life policies have level premiums at least for a given period of time. This means that once you have a policy, you get to pay a certain amount of premium for as long as the policy is active. However, with fluctuation premium rates being affected by diverse factors such as low interest rates and increased competition, it is now possible to negotiate your premiums downwards even when on a level premium type of life cover. In order to negotiate with your insurance provider and seek for a discount, you can fill out a life insurance quote comparison form to find out what other insurance companies are charging. If their rates are lower, you can then use this as a basis of negotiating for reduced premiums.

Seeking Extra Coverage

A majority of people purchases a life cover early in their employment and they stick with the cover all their life. However, this plan may not be ideal as inflation and needs change with time. The sum assured may be very low to be meaningful to your dependents. Therefore, as your income increases and as you get more financial responsibilities, it is advisable to seek for extra life coverage. Unlike other insurance products, life cover allows you to have as many policies as you wish and your beneficiaries get paid the sum assured from each policy independent of the other life policies. Therefore, to seek for a new life policy so as to get extra coverage, you can do a life insurance quote compare exercise by filling out the comparison quotes. This way, you can know the available options for your extra life coverage.

Renewing Your Term Policy

If you are on a term life policy, you will need to either renew your life cover once the term expires or alternatively look for a new policy. To do this, you can fill out the life insurance quote comparison form and get to compare whether it is cheaper or more beneficial to renew your existing policy or take a new policy altogether.

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