Quoting term life insurance has really
become quite easy over the past decade.
It use to be that you would submit a
great deal of information and we (your
licensed term life insurance brokers) would
search through books with 100's of rates
per page and all types of the
percentages (due to health, riders, etc)
added on or subtracted. Our online
quoting tool is nothing short of a
Rosetta Stone for quoting term life
insurance which produces a range of
plans/rates instantly and allows you to
quickly recalculate based on changes in
amount, length of coverage, health
status, or age! Let's look at what
you can expect with a guided tour of
your online term life quote result.
Accessible from any page on this site
(at top of each page) or
term life insurance quote page is
section. We wanted to make it easy
to access and even easier to use. It allows you to quickly
enter the relevant information that will
tailor rates to your situation.
Most of the inputs are self-explanatory
and really geared towards making the
process easy and quick! Many other
sites (some major) require your email
and contact information at this point.
Personally, that's the kiss of death
when I want information and the site
wants mine in return.
We believe that providing you with an
instant quote is the what you want and
if we were quoting term life insurance
ourselves...it's what we would want.
On the next page, you can adjust the
coverage amount or length of term so you
can go with the default for now and play
with those two variable to find
the right coverage at the right price
Health Class is probably
the one entry that's a little less
intuitive. To be
conservative, it's probably best to go
one step down to where you think you are
just in case. If the rates are
better (based on a better health class),
then that's always a welcomed surprise.
The drop down class are best class (each
carrier has different terminology),
Preferred, Standard Plus, and Standard.
you hit continue, the actual quote will
appear (example below). You will
see that the information you just
entered on the prior page can be
adjusted at the top. Below
are the actual results. Let's look
at an example based on a 40 year old
person quoting $500K for 20 years.
I'll walk through the results below the
the left side is the carrier name (with
logo), the plan name and that carrier's
specific underwriting class. This
corresponds with the drop down class we
discussed earlier in the carriers
specific terminology. You have a
link for details below this which gives
more information on the plan options,
details, and requirements.
the right of this column is the
life insurance carrier rating.
There are four listed: AM Best,
S&P, Moody's, and Fitch. As we
discussed in our carrier rating guide,
we believe providing all four is
critical to helping you make an informed
decision. You can find more
information on how read these ratings at
our carrier rating page (link right
the right of this column is the length
of term such as "20 years".
Further to the right is the amount per
month and amount per year. There
are typically discounts in paying
annually versus monthly with term life
you have decided on the plan and rate
that fits your needs, you click on the
continue button. This will take
you a health survey to help establish
your health class and eligibility and
allows you to request the application
and start the
at your leisure.
It's a very simple process and we hope
it helps to make the term life process a
better one for you!