Term Life Insurance Quote Online
Pros And Cons Of A Free Term Life Insurance Quote Online
By Elizabeth Newberry
Some things are too good to be true. While that may not necessarily be the case with you and your term life insurance quote, there are still pros and cons about getting a free term life insurance quote online of which you should be aware.
Pros:
When you search for a free term life insurance quote online, your information is compared with the policies offered by many life insurance companies. If you searched with each life insurance company in person or via telephone, it could take you days to get the same results an instant online quote would give you in seconds.
Going further, a comparison of each term life insurance policy and company becomes instantly available. You won't have to spend hours researching the financial ratings and complaints filed against each life insurance company.
If you're offered a term life insurance quote you like, you can contact an agent with the company or just apply for the policy immediately online.
It's quick. It's easy. It's convenient.
Cons:
Getting a free term life insurance quote online might not be as accurate as getting one from a live life insurance agent or representative.
A live life insurance agent or representative can tell you about ways to save money - such as premium discounts - that you aren't always told about when you get a free term life insurance quote online.
You may be more tempted to fudge the truth during an online term life insurance quote process (such as denying the fact you've been a smoker for the past 20 years) than you would if you spoke with a live person.
When you get a free term life insurance quote online, you have sometimes have to enter personal contact information. By doing this, you run the risk of being contacted by life insurance representatives via email or telephone from now until this time next year.
February 25, 2011
6:42 pm
Free term life insurance quote?
How do I get a term life insurance quote online?
free lessons (video) how insurance works:
http://1webproxy.cn/health-insurance.html
February 13, 2011
1:31 pm
You can go to the site I have listed below and you can get a “Term Life Insurance Quote from them” I recently received a quote from them to insure my family. Hope this helps
http://www.lifeinsurance.notlong.com
February 27, 2011
4:12 pm
Life Insurance help, NEED HELP NOW!?
I’m working on a project and I need a life insurance quote, but I can’t give out any personal information like address or telephone number and I haven’t been able to find any quote calculators online that don’t require that.
If anyone could give me some help on finding how much a monthly life insurance payment would be for:
•A single, twenty year old female, living alone in an apartment on Long Island in NY.
5 foot 2, 100lbs.
•I have no medical problems other than slight anemic tendencies and low blood pressure. (Meaning if I do not eat and take in enough iron and salt, I faint) No prescription medicine, no history of illness in my family.
•I have never smoked, never drank, and I’m a virgin so no STDs or children.
•I take the bus to and from work so no car accidents, DUIs, or tickets.
•I work in an office full-time doing disputes for a Cell Phone Company, 50 hours a week, $600 a week before taxes. Very stationary work.
•I have no debt and the only money my family will need if I die is basically funeral costs at about $8,000.
•I have never been arrested or convicted of a felony
• I don’t take part in any sports or high-risk activities
••••••
I’m looking for 10 year term insurance and I have no existing insurance. I just need the amount of the monthly payment.
Thank you for your help- I really need it!
February 28, 2011
4:46 pm
How MUCH life insurance?
$100,000 of ten year term, for the person you describe at the age of 20, is probably going to run you around $75 a year.
If you insist upon paying MONTHLY, instead of YEARLY, you can expect a $10 installment charge per installment – making the monthly payment about $17. Yep, you’re paying more for the privilege of buying insurance on a monthly basis, than you do for the insurance itself.
And again, you have no real need at your age – you’re better off just saving up for a funeral, because the odds of you dying, are pretty slim.
February 28, 2011
4:36 pm
Which insurance company in California offers a $5K-$10K term life policy?
I am looking for a term life policy which pays $5-$10K. All of the major companies I searched for do not give online quotes and the services that do offer online quotes start at $100K.
It is for burial purposes. The amount is low because that is all it would cost and because the monthly premiums have to be low over and paid over as little time as possible.
Every time I try getting a quote online it does not give it to me and has a form for an agent to contact me. When I call a local agent, they do not give me any details and are not helpful if I can even get a hold of them.
Doris: went to toplifeinsurance.They do not sell burial policies in California.
Richard: That link was a guide to several insurance companies but they wont give quotes online and have a contact form for a salesman to call me.
I want life insurance because if something happens they will pay out for burial no matter when you go, but a burial plan does not bury you unless you are paid in full. If I have no one else to do that, I have to have life insurance to leave the money with someone to do that.
Henry: That was a good web link you gave. The insurance companies there could not sell a policy for less than $100K and they are not the highest rated companies. Thanks.
I have to pick Best Answer but everyone send good answers. I found out that term life won’t work because of the high policy amount & the 10-year limit. Thanks to all.
February 28, 2011
12:11 am
What could possibly be the purpose of a term policy for this small an amount?
Term insurance is temporary insurance; it is for temporary needs only. A death benefit this low could likely only be a burial policy. Such a policy is worthless unless it is guaranteed to be in force when the insured dies. That means that permanent coverage is required.
February 28, 2011
7:51 pm
Term life insurance and Type 2 Diabetes?
Ok, so I filled out one of the online forms that compare major insurance companie’s quotes for term life insurance, answering all questions honestly. What I got was at least three phone calls a day from agents on both my land line and cell phone..daily. A company called Matrix (not the one that quoted the best price the I checked), anyway they kept calling because by the time I got home they were closed due to the time difference in Hawaii. When I finally did speak with someone, they went through all the same questions again, and at the end the statement was “No insurance company will insure him(he is 55) because he is too high of a risk with type 2 diabetes”. (This was not for me, but for a relative who has quit smoking, but it has not been a year). Is this true???
February 28, 2011
1:49 am
1: NEVER SHOP ONLINE FOR INSURANCE! online quotes are almost 100% of the time based on super preferred health status so their quote comes up on top. Super PRefered health status is essentially subhuman health….hardly had a cold in your life type of thing. If you have any doubts that you are super prefered, don’t apply online, if you get approved, you’re rates will be increased in most cases.
Go to a lisensed insurance broker so they can assess your situation fully and recommend a company that suits you need best.
#2 MANY insurance companies will insrure people with Type 2 Diabetes. IT depends on the severity of it though (if you’re insolin dependent then it’s tougher to get). My mother has applied and been approved with a standard rate and she has Type 2 Diabetes, high blood pressure and a family history of cancer, heart disease and strokes. Not every company underwrites the same and some look at different things different.
As mentioned, contact a broker in your area, go through your situation with them and they will be able to recommend someting that will suit your needs specifically. Every company is a little different, so the broker will take your information and contact each one and say “If I submitted an application for someone like this: **explains your situation**, what are the chances of getting approved” Kind of like a trial application.
February 28, 2011
10:10 pm
what is the difference between term/whole life insurance vs accidental death insurance?
I’m trying to buy life insurance for myself and my mother. I read up on this survivorship insurance which sounded pretty good since I wanted something for my mother if I were do die first and vice versa. but most of the online quotes I saw were between spouses…
But I got confused when I read about accidental death ins- does this mean I will not be covered if I die of an illness or old age- but instead must die of an accident such as auto or slip and fall??
secondly, would I get taxed on the interest earned on the universal/whole ins or when the policy is paid out/ surrendered?
February 28, 2011
1:15 am
Correct. Term/whole life insurance covers you if you die, no matter what the cause. Accident only covers you if you die by accident – not murder, not old age, not cancer, not heart attack, not stroke. Not covered.
Universal life is tricky. Unless the interest is added to the face value for payout, it’s not taxable when you claim it. And when you surrender the policy, it’s only taxable if there’s a GAIN – ie, you get back more than you pay out. Which is pretty rare.
Bottom line – insurance is good if you die. Investments are good if you live. And insurance isn’t a good investment. It’s a good PLANNING tool, but not a good wealth building tool.
Don’t buy accidental death. Don’t buy whole or universal. Buy term, invest the difference, and you’ll be MUCH better off in the long run.
RUN THE NUMBERS. Do the math. The numbers speak for themselves.