If you Google the terms life insurance or life insurance quotes, you will have literally hundreds, if not thousands of websites to choose from. How do you know which website is going to give you the best quotes? Here are a few tips for getting the best term life insurance quotes on the Internet:
- The website does not need your name, address, phone number or email address to give you a quote. They are collecting this information to either sell your information as a sales lead to insurance agents who are willing to pay for the information or to contact you to attempt to sell you a policy. Some websites will sell your information to multiple websites, resulting in numerous phone calls to you.
- Regarding lead-generating sites mentioned above, you can often tell these websites by the multiple companies listed on their home pages. They will not be involved with finding you the best rate. Instead, they will list several companies on their website and charge each website a fee for all the times someone clicks on that name and redirects to their site.
- If the website doesn’t require any health information, the quotes will most probably be lower than you will pay. Any quote you receive is not necessarily the price you will pay for the insurance – that will be determined during the underwriting process, which will take into account your medical history and medical exam. The most accurate quotes will be based on multiple health factors: height/weight, tobacco use, family history, blood pressure, cholesterol and driving record, to name a few.
- Sometimes an insurance company will give you a quote on their website. However, as most insurance companies use agents and brokers to sell their products, your information will most probably be passed on to one or more agents. The rates are not less expensive if accessed through the companies’ sites directly. If you want to compare these rates to other companies, you will need to continue shopping. This can be time-consuming.
The best websites to visit for quotes are those that provide quotes from multiple companies (without having to enter your personal information), base the quotes on a basic health profile and, if you want to apply for a policy, act on your behalf as a broker to assist you in purchasing the policy. There are only handful of life insurance websites (including this one) that fit this profile.
Your decision to purchase a life insurance policy is a good one. Make the best of it by following these tips.