2006-07-27 08:49:49 · 0 answers · asked by mikeyeggs 3 in Business & Finance ➔ Insurance
Well, as you know, there are many sites out there offering life insurance. That's why you're asking your question.
Some of the top term life insurance companies include: New York Life, Nationwide, State Farm, Allstate, MetLife, Prudential,AIG, Northwestern Mutual, and Mutual of Omaha.
You can get instant quote comparisons from these companies at http://www.term-life-online.com/top-term-life-insurance-companies.html
However, there are several points to understand about buying life insurance before you purchase a policy. Here is a list of important information to know about term life insurance:
Knowing how much life insurance to buy and which type of policy is right for you can be difficult. Here are some tips to help you find the right policy, save you time and money on your life insurance.
Don't wait until you really need the coverage! By that time you'll be that much older, you may be sick or you will have encountered a health issue that will cause your premiums to be much higher than you expected. That is of course if you can even qualify for the life insurance coverage. The point being, if you know you need life insurance coverage – DON’T DELAY!
The highest financial rating doesn't necessarily mean better coverage. The important thing is to at least be looking at an "A" rated company. There is little, if any difference between one company's term policy and another, so basing a decision only on financial ratings won't always get you best rates on your life insurance policy. The highest rated insurers tend to be more conservative in their underwriting, so you may not be able to get their best rates.
Shop and compare life insurance quotes online before you meet with an agent! Many online life insurance brokerage companies can save you up to 75% on your premiums. The reason is because they offer you quotes from many different companies seeking only to get you the best rate available.
Choose the annual premium payment option, if you can afford it. Paying annually can save you up to 20% with some life insurance companies versus monthly, quarterly or semi-annually premium payments.
Don't smoke. Smokers are charged up to 2-3 times more for their life insurance coverage. If you want to save money on your policy, quit smoking. If you do smoke, most companies will let you re-apply for nonsmoker rates if it has been at least 1 full year from the last time you had any tobacco products in your system.
If you have cholesterol or blood pressure issues get it controlled with medication. Insurance companies don't like to see health issues go unattended. If you are doing something to control it they will probably look at that favorably and give you the benefit of the doubt when it comes time to approve your life insurance policy.
If you are considering buying $90,000 of coverage, buy $100,000 instead. Many times it will cost you less money, the same or just a little more for the additional life insurance coverage. Insurance companies may give breakpoints at $100,000, $250,000, $500,000, $750,000 and $1,000,000. So it won’t cost you that much more in annual premium to get the higher amount of coverage.
Read the Medical Exam Tips before completing your exam. Drinking caffeine or exercising just before your medical exam can throw off your lab results and cost you big time on your life insurance premiums.
Obtaining coverage through your company's plan may be a good alternative in the short-run. Many employer's plans won't let you continue your coverage if you leave. If you need coverage then, you'll have to apply for an individual policy anyway. You may or may not be insurable at that time. Why take the chance? Get a separate policy in force now to guarantee your insurability in the future.
If you're 35 years old, you're as old as 36 in the eyes of the insurance company. Most insurance companies round up to the next highest year when determining your age and because premiums increase with age that can make a big difference in your annual premium. So, if you're approaching 30 or 35 and you have thoughts of applying for a life insurance policy, don't wait!
I hope that helps! Best of luck with your term life insurance.
Source: http://www.term-life-online.com/tips-on-buying-life-insurance.html
2006-07-28 12:01:32 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Do NOT buy insurance over the net without first talking to a professional financial planner.. Life insurance comes in many forms and if you dont know what you are buying it can be disasterous. you may end up with a policy that can be only for a certain amount of time and has no reward or you can get one that only covers you in cases of accidental death or you can get one that will only cover you minimally and wont even be enough to cover funeral expenses.. Get one that you can use as an investment.. Something that will give you a return on your money and that you can draw from should times get lean. also make sure that you get one that after a certain amount of time the reward pays your premium,..
Good luck.
2006-07-27 08:58:22 · answer #2 · answered by psstoffagain 5 · 0⤊ 0⤋
Oxymoron - ( me thinks :) - nothing personal, of course.
Insurance Co. and most Policies offered, are poor value.
Im sure you would agree.
Best is to guess, which company will still exist as we know it in 15 or 25 years...
So don't just choose , what appears the cheapest etc. ok
2006-07-27 09:02:34 · answer #3 · answered by MobileAppSite.net 3 · 0⤊ 0⤋
I have seen no cheaper rates than with West Coast Life Inssurance Co. I can sell insurance for numerous companies, I like WCL the best, they are rated A+. Let me know if you need a quote.
2006-07-27 11:12:44 · answer #4 · answered by SuccessBroker 2 · 0⤊ 1⤋
our company uses Reliance Standard Life Insurance. It had high ratings in all areas.
Ps If you have a full time job, many companies offer this for free.
2006-07-27 09:18:09 · answer #5 · answered by chris 6 · 0⤊ 0⤋
You need to go with the NUMBER ONE insurance company in the US. State Farm. You can get a quote RIGHT NOW.. Go to www.statefarm.com
2006-07-27 12:26:45 · answer #6 · answered by Miss Claudia 1 · 0⤊ 1⤋
Speak to a local insurance agent - http://www.findlocalinsurance.com
The most important thing is to make sure that you have the right amount of coverage.
2006-07-27 15:32:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Many websites to get quotation on google
2006-07-27 08:58:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Here is a good site that has a link for quotes
www.askfinancialpartners.com
2006-07-27 15:25:08 · answer #9 · answered by BShakey 4 · 0⤊ 0⤋