With various insurtech startups entering an increasingly sophisticated and competitive market, consumers may find themselves lured into buying “hype” over substance, and that’s where research comes into the equation when it comes to finding the correct life insurance policy – at the best price.
So what questions do you need to ask yourself when you begin your search? We’re here for you…
How much should I pay for a life insurance quote?
Nothing. You shouldn’t pay for a life insurance quote. You can get quotes from fifty of the leading life insurance companies, anonymously, in less than five minutes…
Where to find trusted life insurance quotes?
While there are now lots of sites offering life insurance quotes, Lifequotes.com has been in operation since 1984, and as insurtechs go, that puts the site on the forefront of innovation.
How to find an anonymous life insurance quote
Another benefit of the Lifequotes.com system is the ability of consumers to take their time in their search and discover a variety of life insurance premium options anonymously.
What are the optimal times to search for a life insurance quote
You should begin your search only after you understand your needs and the specifics of how a particular life insurance company and policy applies to your circumstances. You can use this tool to begin your search for a policy custom-tailored to your needs.
Why this website won awards for providing accurate and ethical life insurance information
The best life insurance quotes from 50 companies in 2017
Of course, we believe consumerinsuranceguide.com, and the effort we put into providing you the latest in insurance news and consumer insurance buying tips, means we’re a go-to source for the top life insurance quotes for 2017. You be the judge. We’re confident you’ll find our process useful.
There are a few things we know, and one of them is that life insurance provides essential financial protection for consumers intent on building for the future. As odd as it may sound, industry sources estimate that nearly 49 percent of adult Americans surveyed have no life insurance at all, and to make matters worse, a large number of those who do purchase protection buy far less than experts recommend.
“If someone relies on you financially, you need life insurance. The premiums are very reasonable when you consider the level of protection you receive,” says Jeanne M. Salvatore, the chief engagement officer and national consumer spokesperson for the I.I.I. “Look for a policy that meets your needs. There are ways to save money when buying life insurance – but they don’t always involve paying a lower premium immediately.”
Here are some tips from the I.I.I. to help you maximize your life insurance buying power:
Quality of the company
Your insurance policy is only as good as the company backing it. The company that issues your policy needs to around to service it – and eventually pay your death claim. To help you out, look to a ratings agency tasked with assessing insurance companies as to their ability to remain financially sound over the long haul. The ratings they provide represent an independent assessment of an insurer’s ability to pay claims and meet financial obligations. Among the sources you can rely on for this kind of rating information are Fitch, Moody’s and Standard and Poor’s.
An employer-sponsored group life insurance program is ideal, and even if you have to contribute to it financially, such coverage can be considerably less expensive than purchasing an individual life insurance policy. These policies often offer premium payment via payroll deduction, which is convenient, but before making a final decision, be sure to compare any employer-sponsored group against individual rates. As you compare group to individual life insurance, take into account any IRS considerations which might apply. These IRS rules are of particular interest to consumers in their 50s and older.
Buy when you’re healthy
Nuff said here. Habits such as smoking, maintaining a healthy weight and regular exercise will impact your rates. Buy when you’re younger and healthier. It just makes financial sense.
Shop around to get a good rate
Life insurance providers are in an extremely competitive market, and you can find that a little research can mean hundreds of dollars in annual premium savings for essentially the same policy. Use the internet for your life insurance quotes…