Anyone looking to get quotes for life insurance can get confused by all the terms and numbers that get thrown your way. Now that we have the option to get life insurance quotes online, it is even more important to get a good grasp on each part of a life insurance quote. If you came looking to get online life insurance quotes, fill out the form on this page. Otherwise, keep reading as we breakdown what you need to look for when you get term life insurance quotes online.
The Terminology for Online Life Insurance Quotes
There are three main terms that you need to know when you get term life insurance quotes online. These terms are:
Premiums – When you get your quotes, the amount that you are going to pay to receive coverage is called the premium. With online term life insurance quote this can be on a monthly, every six months, or annual basis. So make sure you know what time frame you are looking at before the number looks upsetting.
Coverage – This is the amount of money your family would receive in the event of your death. If you are not sure how much coverage you need, a good rule of is 10 times your annual income.
The Term – This is the amount of time that the policy will be in place and the premiums will not change. The most common term for people getting term life insurance quotes online is 20 years, but you can get a variety of terms ranging from five to 30 years.
Getting the Best Term Life Insurance Quotes Online
Now that you have a good grasp on the terminology, it’s time to start filling out the forms. First and foremost, do not lie on any of the personal information. If you are a smoker, check smoker, and if you weigh 250 lbs. do not put 175 just to get lower rates on the online term life insurance quotes. Everything will come out in the underwriting process so it will only result in you seeing the real rates at some point in time. If you are in a high risk category then working with an agent who specializes and knows the companies will help you match you with the best company that treats your risk category the most graciously.
At FR33Agents.com we work to help you get the best set of term life insurance quote online and then follow up with a personal touch that makes sure you get matched up with the best company. You can get started by using the form on this page or giving us a call. We look forward to helping you get the best online life insurance quotes.