12.12.2012

How to Get a Life Insurance Quote

The cost of Life insurance can vary widely for each insured person. Some of the factors that determine how much your Life insurance will cost is the type of policy you need and the dollar amount of the policy. the Life Insurance company will also consider the state and city you live in, your age and sex, your medical history, your lifestyle habits such as whether or not you smoke and what type of work you do for a living and your credit score. Each Life insurance company has their own proprietary formula for weighing each of these factors and determining your risk or the odds of how much money they can make off your premiums before they have to pay out to your beneficiary in case of your death. Unfortunately the Life insurance companies do not disclose their formulas, so the only way you will be able to find out how much you should be paying for your policy is to get Life insurance quotes from multiple insurance companies.

There are lots of ways to get Life insurance quotes. The first way to get Life insurance quotes is to use the telephone. You can call any of the major Life insurance companies and request a free policy quote. For many people this is the preferred option because you will get to speak with a live representative so you will get a much more personalized experience. This also provides an easy opportunity to ask questions and better explain any unique situations you may have. The agent will ask you lots of questions for several reasons. They will want to know what type of policy and dollar amount you are interested in so they can see what insurance products they have that might meet your needs. They will also need information to build a risk profile on you to determine what insurance products they would consider selling you. Some of the larger Life Insurance companies are MetLife, Prudential, Allstate and State Farm.

Another way to get Life insurance quotes is to go to an insurance agents office. This is probably the best way to ensure you get the most complete information on available Life Assurance products and affords you the best opportunity to ask questions. Make sure to schedule an appointment so the agent will be prepared to discuss any needs or concerns that are important to you. There are even some agents that will come to your home and meet with you.

If you don't want to meet in person with a Life insurance agent or do business over the phone, you can use the internet to get a quote. Just about every major Life insurer has a website and will offer you the opportunity to request a Life insurance quote online. Simply go to the insurance company website and fill out the required information and within a matter of minutes you will get a quote. Besides the large Life insurance companies listed above, you can also use a Life insurance broker to get the cheapest quote from several insurance companies at once. Some of the companies that do this are lifequote.com, reliaquote.com, lifeinsurance.com and insure.com.

Remember that before you attempt to get a Life insurance quote you will need to have an idea of the type of insurance coverage you will need. Each person will have different life insurance needs. The general rule of thumb is to have a Life insurance policy that is equal to five years of your income with the theory being that if you should die your income will be available to your family for five years. You may want more or less than that. For example, you may want a policy large enough to pay off your mortgage and pay for your kids college. Just keep in mind that you will have lots of life insurance policy choices and cost can vary wildly. Thats why it is important to shop around and compare Life insurance quotes so you get the cheapest insurance rates for the best coverage.





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