Life insurance protects your family in case of your death, providing a death benefit that can pay off the house, cover college tuition, pay medical and funeral costs, and help the family stay solvent. Because life insurance is so important, you want to make sure you get the best quote from a top rated life insurance company.
Get the Best Quote
To get the best quote on your life insurance, follow these tips:
* Decide what kind of life insurance you want. The two main types of life insurance are term and whole life. Term is less expensive because it’s life coverage only – when the insured dies the beneficiary receives the face amount of the policy. Whole life insurance combines life insurance with an investment component. Part of your premium pays for the insurance, while the rest is invested.
* Buy insurance when you’re young and in good health, especially if you want term life insurance. As you get older your premium increases.
* Don’t use tobacco. If you do use tobacco, quit.
* If the insurance company requires a medical exam, schedule it for morning. Your blood pressure, cholesterol, and stress levels will be better then.
* If possible, apply for your insurance toward the end of a quarter or year, when insurance companies are trying to reach sales quotas.
* Comparison shop. Rates for the same life insurance coverage can vary greatly, so check several companies. The best way to comparison shop is to visit an insurance comparison website where you can get quotes from multiple companies.
