Discount Term Insurance Quotes

One online discount term life insurance sites claim that you can get a quote in seven seconds from more than 1300 term life insurance companies. Let's see what that is all about and what it offers you. What's nice about this discount term life insurance site is that, unlike most life insurance quotes on the Web, you can ask for a quote under $100,000. The minimum coverage here is $50,000.

The registration form to fill out the quote request form for your discount term life insurance premium requires you to indicate your U.S. state or residence, your date of birth, your gender, and something about your tobacco use. You must indicate your cigarette use as never, current, within the past 12 months, or over one, two, three, five, or ten years ago. A separate question inquires about other forms of tobacco or nicotine such as chewing tobacco or cigars. The same time period choices are available here as well. Height and weight are asked next, as well as the category of health you fall into. The choices are Preferred Plus (the best), preferred, standard plus or standard.

In order to quality for Preferred Plus you must be free of any health impairments; have no history of diabetes, heart problems or cancer; have no blood pressure problems, and no substance abuse. Preferred Plus insurers do not have a parent or sibling who suffered from cancer or cardiovascular disease before she or he turned 60 years old. No one can be classified Preferred Plus for purposes of discount term life insurance if they have used tobacco in the last few years (some carriers say three, some say five.) Your cholesterol must be under 220 to be Preferred Plus, you must not participate in any activities that are hazardous, and you height and weight must be in an excellent ratio.

You will qualify for Preferred if you have a blood pressure problem that is controlled, that you stopped smoking or using tobacco at least one year ago, that your cholesterol is 250 or less and that your ratio of height to weight is very good, though not excellent. A woman who is 5'6", for example, could qualify for Preferred Plus if she weighed 170 pounds or less, but would fall back to Preferred if she weight 171-186.

If you have minor impairments to your health, your cholesterol is over 250 but under 286, and your height weight ratio is good but not very good (a 5'6" woman would weigh under 203), you’d be considered a standard plus client for purposes of issuing term life insurance.

The standard insured has some health impairments, with cholesterol under 300, and a height weight ratio is okay. That same 5'6" woman could weight as much as 220 pounds and still qualify.

Labels: Life Insurance, Life Insurance Agent, Life Insurance Policy, Term Life Insurance

 posted by Brian Greenberg    0 comments

Best Term Life Insurance Rate - Compare Term Life

Don't Pay a Pretty Policy Penny

If you are looking for life insurance and would like to compare premiums with an eye to getting the best rate the first thing you can do is rule out the no-exam life insurance policies. These are not inexpensive term life insurance plans. In fact, designed to insure high risk people, the no-exam term life insurance coverage is one you should avoid unless you are too old and too ill to get a good buy from a plan that requires a doctor's exam.

Getting the best term life insurance rate requires that you compare many policies, through online quotes. Finding an inexpensive plan isn't that difficult but there are things you can do to get your best term life insurance buy. Here are some hints.

Shop and compare life insurance plans and buy your term life insurance as early as you start thinking about perhaps needing it. The younger you are when you buy the plan the lower the premium. There are a lot of things to compare as you hunt for the best and most inexpensive term life insurance policy for you. You might, for instance, find a term life insurance plan that lets you renew your coverage without having to undergo another medical exam. You can also find a plan that locks in your low premiums. The latter is called a level premium term life insurance policy. What this means is that for a designated time period - perhaps 10, 20 or 30 years - your term insurance premium will remain the same. Your rate will not increase until that term expires.

An advantage to buying life insurance earlier in life is your premiums will be lower. As you age, life insurance gets more expensive. Many term policies give you the option to renew your coverage at the end of the term without undergoing another medical exam. You also can lock in low premiums by asking for a "level premium" policy, which means for a specific time period, say 20 years, your premium rate stays the same. After that term expires, your rates will increase.
The other thing to keep in mind is that if you have no dependents the only thing you have to be concerned about when you die is the cost of your funeral. All you really need, then, is about $10,000 in life insurance.

Which brings up another point about getting the best and most inexpensive term life insurance rate. Don't buy more term life insurance than you need, but don't buy less. Add up your short term needs and those of the loved ones that you'd leave behind who are dependent on you. Add to this the cost of their long term needs and subtract from that the resources you have and have set aside for these needs. There, then, is the amount of term life insurance coverage you should buy. Now that you know exactly what you need, you can start looking for the best term life insurance rate and compare the many inexpensive carrier policies.

Labels: Life Insurance, Life Insurance Agent, Life Insurance Policy, Term Life Insurance

 posted by Brian Greenberg    0 comments

Best Term Life Insurance - Discount Life Insurance

Best Buys in Insurance

If you're looking for the best discount term life insurance company your best bet for finding it is to look online. There are plenty of discount life insurance firms on the Web, including sites that let you choose the discount life insurance that best meets your and your family's coverage needs.

If you do a search engine keyword search for best discount life insurance company quotes you'll get tons of good solid information, including quotes and resources. Generally, if you register on a site you'll be asked a few questions to qualify you and provide the most accurate quotes on discount life insurance company plans from which you can choose. You should expect these sites to provide you about a dozen discount life insurance quotes. These insurance company quotes are not going to be coming from disreputable fly by night term life firms. You'll hear, generally, from some of the best in the field of discount life insurance - AIG, Chase, RBC, New York Life, Genworth-Financial and Mega Life and Health.

The quotes from these discount term life insurance company sites are nearly instantaneous. All it takes is for you to submit your name, contact information, age, and perhaps your height and weight, and you'll be helped in your quest for the best term life insurance plan at the heftiest discount. 100 or more term life insurance companies take part in these discount online quote programs. From these 100+ you'll get results that give you the best discount for the best quality. It only takes seconds.

Let's take a look at one of these discount term insurance sites at the various quotes available. At the one site we chose for our discount insurance quote the first question asked was our zip code. This, like many of these sites asked for name, address and phone, as well as date of birth, gender, height and weight. Then we indicated the amount of term life insurance coverage we sought, whether we ever used tobacco, and what the term of coverage we sought. Additional medical questions were about our history of cancer, heart problems, and other serious diseases as well as depression or anxiety issues. We indicated a 10 year $100,000 term life insurance discount plan, and waited for the best quotes.

The best discount term insurance monthly premium we were quoted for a healthy 57 year old female who had never smoked was $21.23 a month. For a male of the same age the best plan was slightly higher - $29.75. Once you've chosen what you think to be the best discount term insurance company you simply click on "Submit Application" and answer a few questions. You must give your social security number, indicate if you are a U.S. citizen, if you are replacing an existing insurance plan and indicate that you understand a life insurance representative will need to call you, ask you a series of medical questions and arrange a physical exam.

Truly, the best way to find a term life insurance company that offers an affordable plan for you and your family is to research the possibilities on the Internet.

Labels: Life Insurance, Life Insurance Broker, Term Life Insurance

 posted by Brian Greenberg    0 comments

Life Insurance Comparison: Term or Whole Life?

When it comes to buying life insurance the most important comparison is between term insurance and whole life. Here is an explanation of each.

A term life insurance plan provides life insurance - plain and simple. A whole life insurance plan provides life insurance but also accrues value, which you can cash out or borrow against. It generally takes about three years to see any value and then it's not a lot of money. Term life insurance, in comparison to whole life, is considerably less costly for this reason. Some will refer to term life insurance as renting insurance rather than buying it. The reason for that attitude is that, much like auto insurance, you pay the premium each month or quarter or year to hedge against the bet that you might have an accident (in the case of term life insurance the accident is death). If you don't have that accident, in the case of auto insurance, or if you don't die in the case of life insurance, you don't get the money.

We all die, of course, so it might seem that term life insurance is a good bet and the best bet in comparison to whole life. You would, you surmise, always get your money back. The catch here is that term life insurance will end at a certain point - and that point may well be before you are deceased. Term life insurance plans are only good until a certain predetermined age - many are 70 years of age, others up to 80. For those of us who really need this coverage until the day we die these aren't good plans in comparison to whole life which will be in force until the day we die.

Term life insurance is a good buy in comparison to whole life, however, if all you are trying to do is set money aside to prevent your young family from becoming destitute in the event of your unexpected death. Once you reach the age of 70, the likelihood is that your children will be comfortably on their own and not dependent on your money or income to survive. Of course, if this is your only life insurance and it goes away before you die then your family or someone else must bear the cost of burying you. That is where whole life insurance is a favorable comparison to term life. Whole life will stay in place as long as you do, and will be there when it comes time to pay for your burial.

It may be, then, that in doing a comparison between term life insurance and whole life insurance, the results indicate a need for both. Many professionals suggest that you buy an amount of term life insurance that would keep your family bills paid for a predetermined time in the event of your untimely death, choosing a term that covers them only until they are old enough to take care of their bills on their own. These same professionals suggest as well that you also buy a whole life insurance policy for an amount of $7000-$12,000, merely to assure that your family will have money to bury you.

In other words, if you are 40 and your children are 6, 8 and 10, you're going to need about 15 years of term life insurance - until your youngest is through four years of college. You might decide, with three children and a spouse that you'll need several hundred thousand dollars of coverage. A Whole life policy of $10,000, however, would be plenty to provide a decent funeral and burial.

Labels: Life Insurance Agent, Life Insurance Broker, Life Insurance Policy, Term Life Insurance, Whole Life Insurance

 posted by Brian Greenberg    2 comments