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How do I get a Life Insurance Online Quote?

Article Details
  • Written By: Malcolm Tatum
  • Edited By: Bronwyn Harris
  • Last Modified Date: 11 October 2018
  • Copyright Protected:
    2003-2018
    Conjecture Corporation
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If you are in the market for life insurance, you can choose to go through a local agent. Alternatively, you can go online and obtain a quote from a wider range of life insurance providers. If the idea of getting a life insurance online quote sounds intriguing, here are some tips on what you are likely to encounter, and what information you should have on hand.

There are several different forms of recourse online that can be used to secure a life insurance quote. One option is to visit the websites of different life insurance providers and use an online portal to obtain your quote. However, there are also web sites that allow you to request quotes from multiple providers at one time.

Choosing to use a portal to obtain multiple quotes from different life insurance providers can be advantageous for several reasons. First, there is a good chance that you will receive life insurance quotes from several companies that were previously unknown to you. By obtaining a life insurance online quote from a wider range of providers, it is much easier to get an idea of what the average rates seem to be throughout the industry. This can help you make more informed decision as you begin to evaluate each quote you receive.

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However, it is important to remember that no generic life insurance portal will cover every potential provider available. For this reason, it never hurts to supplement the application for life insurance quotes online that you place with one portal with applications for quotes at other portals as well. This allows you to not only obtain a life insurance quote online from companies you know well, but also other companies that are just as good and maybe even better.

One thing you will notice is that the basic data you must enter for each quote is the same. In order to save time, it is a good idea to have all your information assembled before you begin to apply for any life insurance online quote. The basic data will include your full name, address, age, and some information related to your health and general lifestyle. In some instances, other data may be required, such as information on the type of work you do. In general, if you are seeking a term life insurance online quote, you will need to provide less information. An insurance quote for whole life coverage will involve providing more detail.

While you can often purchase term life insurance coverage on the spot, there is usually a sign-up procedure involved with whole life coverage. After you receive your life insurance online quote from a whole life provider, you can submit a formal application. Keep in mind that there is a good chance you will need to undergo a physical or at least have a recommendation from your general practitioner before the coverage will go into effect. Once your application is accepted and you agree to the terms and conditions associated with the policy, your coverage will begin and remain in effect as long as you keep up the premiums.

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BrickBack
Post 2

Suntan12-The monthly rates are really affordable. For example, a male aged 35 that is a non smoker can get a 20 term policy for $1,000,000 coverage for only $75 to $100 a month.

If you were to receive a whole life insurance online quote for the same person, the payments would probably be more like $700 a month.

This is why term life insurance is better. While whole life insurance quotes tell you that there is a cash value to your policy, you are locked in paying $700 for the term of the policy and if you try to cash out the insurance policy they only give you a fraction of what you put it.

If you were to invest the difference between the whole life and the term insurance you have in a mutual fund you would have a lot of money with no surrender charges.

suntan12
Post 1

You can get free online life insurance quotes for term insurance from a company called Select Quote.

The way that it works is that you provide basic information regarding your age, weight, and height.

They will ask if you smoke and travel. They then offer you a list of providers and what their monthly rates.

This is for term life insurance online quotes. The most affordable insurance is term life insurance. Term life insurance allows you to have life insurance for a specified term from 10 to 25 years for less than $100.

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