The Internet has made it easier than ever to get an instant life insurance quote. There are a number of different websites offering free life insurance quotes from a selection of companies. Instead of contacting each carrier individually, all you do is fill out one simple form and wait for the agents to contact you with further information. Search for "free life insurance quote" to get started.
Even if you're very busy, comparison shopping is key when purchasing life insurance. Rates can vary significantly among insurance carriers, since each company will use a slightly different formula to determine your premiums. Additionally, some companies may provide a discount for bundling homeowner's insurance, auto insurance, or other policies together. Taking the time to compare the rates of several different companies will help you get the coverage you need at the price that best fits your budget.
Getting a life insurance quote shouldn't take more than 10 to 15 minutes of your time. You'll be asked to provide your contact information and answer general questions about your age, height, weight, and health. No medical exam is required to receive a life insurance quote, but some companies may require an exam before you are actually allowed to purchase a policy.
Keep in mind that many different factors can affect your life insurance rates. Obviously, younger people pay less for life insurance because they are statistically less likely to make a claim. Medical issues such as high cholesterol, diabetes, or lung problems relating to the use of cigarettes may cause you to have slightly higher rates. Your driving record is another factor that can be used to determining how much you'll pay for life insurance, since someone with lots of speeding tickets may be a reckless driver at a higher risk of having a fatal crash. Even your hobbies may come into play when obtaining a life insurance quote, especially if you enjoy dangerous activities like flying your own plane or participating in local demolition derbies.
When getting life insurance quotes, remember that most financial planners do not recommend using an insurance policy as an investment vehicle. The purpose of life insurance is to pay for your final expenses and provide protection for your dependents after your death. Avoid purchasing a cash value policy that attempts to combine insurance with a savings vehicle. Term life insurance, the simplest and least expensive type of insurance, is sufficient in most cases.