Enrolled Agent-licensed to practice before the IRS, Samuel N Smith, EA, South Carolina
It may be time consuming but pick your favorite 5 companies and call them and ask for quotes. Do you want a "permanent" policy or do you just want to cover the next 10 or 20 years. Are you trying to save money by have a "cash value" policy? Is the policy just to cover you or also your spouse? In other words, for the companies to give you a quote you need to decide what kind of policy you need.
President, Lane Independent Agency, Southern California
Do you know what you want? Are you sure? A good agent can help answer all your questions and assist you in knowing how and what to decide. That is a major functions of a quality Life Insurance Agent. They are trained to gather the facts from you and make recommendations for you to select from. Do you want Whole Life or Term? Do you know the difference? How much coverage do you need? Do you really know how to determine that? How do you select beneficiaries? If they are minors do you know how to ensure the money goes to them and not to Probate Court? These are the types of things I can help you with.
You can easily compare term life insurance quotes by going to a website that shows you quotes from multiple companies. If you pick a website with "instant" quotes, the quotes will come up comparing quotes from different companies, and you can then change variables to compare quotes on different policies within that company.
Once you see a policy you are interested in, be sure to talk to someone at that agency, or communicate by email, so that you can be sure you qualify for that particular rate. No quote engine can cover every question, and you may find that there is an even lower price out there for you, or a policy that works better for your needs. But comparing quotes online is a good place to start.
The best place to truly compare life insurance quotes is to use an experienced independent life insurance broker with dozens of companies to shop. The problem with shopping rates online, almost all give you the best case scenario or best preferred rate, which less than 5% of the population qualify for. It takes more than age, sex, state of residence and build to run a true quote. There are many other factors life insurance companies consider. Find someone you are confident and comfortable with before shopping.
Some websites, such as mine, will allow you to put in personal and health information so that you can compare life insurance quotes online. You should still call or email the website to make sure your quote is accurate. But using a quote engine that gives you instant quotes is a good way to familiarize with what different policies cost at different ages and with different carriers.
Robert J Russell - Finalist for Broker of the Year 2015
Broker Owner, InsuranceAgentsSelling.com, United States (Most States)
One of the best quoting tools that have ever hit the Life Insurance industry are called E-Apps - this is where you do the application online with your agent - no visiting or wasting time sitting at the kitchen table or anything like it used to be with paper applications. The entire process takes about 7 minutes on the phone, then the home office takes over from there. Quotes in a jiffy and Application and Underwrtiing in a jiffy
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Once you see a policy you are interested in, be sure to talk to someone at that agency, or communicate by email, so that you can be sure you qualify for that particular rate. No quote engine can cover every question, and you may find that there is an even lower price out there for you, or a policy that works better for your needs. But comparing quotes online is a good place to start.