There is not one company that has the best rates for Term Life Insurance. Some companies are running low right now for those with great health; others are best if there is a health condition that requires adding on many "tables". Some are best for young people while others have the best rates if you are applying at an older age. Some have a sweet spot of 15 year Term or 30 year Term. It is just impossible to pick out the one with the "best" rates due to all those factors.
To find the best rate for you, visit a website that offers instant quotes from many companies and try out different term lengths. Then call that agency to make sure that you qualify for the policy shown.
Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
The best term rates are posted online by several life brokerage outlets. But rates online may not tell the whole story because everyone's individual health and personal activities are different and sometimes even the state you live in determines the best company for term life insurance. There also appears to be a distinctive sub category for short term versus long term life insurance,i.e. some carriers price significantly different at shorter guaranteed periods than longer durations.
I would suggest looking at an instant term life insurance site in a couple of ways. Some local agents may provide an instant quote on their website. You can search for "life insurance quotes" and see which are offering quotes. Some sites may say quotes but they are a contact form. Some sites are actual quotes and show up immediately. You can call the agent at your convenience if you have questions. Some agent site allow you put in your application right away and get the process started.
Another option is Term4Sale.com. It has a online quote then it will show your 3 agents. Look for one with a local phone number and give them a call.
If you have a long term health issue, you are better served calling an agent that is independent with multiple carriers and find the best fit for you.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
The best rates for life insurance will depend entirely on you. Your age, health, gender, height and weight will determine your discounts from standard rates. Which company is best? Lots of them. Some companies are best if you're 30 or 50, or female or purchasing 500,000. The thing for you to consider is working with an independent agent who can show you several companies.
The company or agency that offers your best rates for Term Life Insurance may be different than the company or agency that has the best rates for someone else. You can go to an online quote engine that offers "instant life insurance quotes" to see the companies that have your lowest rates.
It is impossible to know which company has the best rates as everyone has a unique situation, need, age, occupation, health status and life style that determines those rates. I suggest using an independent life insurance broker that can shop multiple companies for your unique situation to find you the best rate for your needs.
That is a great question! While most companies will have fairly similar rates, the "best" rate will be determined by what coverage you want, and for how long. You will find that your health issues can make a big difference in rates between companies, so it is always a good idea to have an independent agent ( one not tied to a specific company) do the footwork for you. I hope that helps, thanks for asking!
Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
There are a number of factors involved in determining the premium or "rates" for a given life insurance policy. In addition to the length of the term, the age, gender, health and tobacco use or not of the insured, as well as the amount of insurance, there are "riders" that may be added to the basic policy.
In general most of the insurance companies that specialize in Term insurance have rates that are fairly competitive with each other and typically lower than the companies that specialize in permanent insurance. There may be a bigger difference in the rates for various riders or if the health of the insured warrants it, the "table ratings" assigned to different health conditions.
With all the above considered, In my experience - for a basic term insurance policy the following companies usually come in with the lowest quotes: Protective, Transamerica, Genworth, Banner, Prudential. My advise is to work with an experienced insurance adviser/ broker who can help you to determine your actual need for insurance and then implement the right policy for your particular needs.
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To find the best rate for you, visit a website that offers instant quotes from many companies and try out different term lengths. Then call that agency to make sure that you qualify for the policy shown.
Another option is Term4Sale.com. It has a online quote then it will show your 3 agents. Look for one with a local phone number and give them a call.
If you have a long term health issue, you are better served calling an agent that is independent with multiple carriers and find the best fit for you.
In general most of the insurance companies that specialize in Term insurance have rates that are fairly competitive with each other and typically lower than the companies that specialize in permanent insurance. There may be a bigger difference in the rates for various riders or if the health of the insured warrants it, the "table ratings" assigned to different health conditions.
With all the above considered, In my experience - for a basic term insurance policy the following companies usually come in with the lowest quotes: Protective, Transamerica, Genworth, Banner, Prudential. My advise is to work with an experienced insurance adviser/ broker who can help you to determine your actual need for insurance and then implement the right policy for your particular needs.