Instant Life Insurance Quotes

Isn’t it great that we live in a time where anyone can get instant life insurance quotes at anytime, day or night? It wasn’t always this way…

In the “old days” of life insurance, you had to actually visit an agent in your area if you wanted to compare rates from different companies. And even when you did that, it was sometimes difficult to tell if the agent had your best interests in mind or simply wanted to get a big, fat commission. Obviously, this is something you can still do.

While there will always be a place for agents, there’s no denying the fact that instant life insurance quotes have changed the game. And if you ask most insurance and financial experts, that change is for the better. Online quotes have shifted the balance of power from insurers and agents to where it probably should have been in the first place: with customers.

How to Find Instant Life Insurance Quotes

Obviously this site, My Cheap Life Insurance, is one place where you can find instant whole life insurance quotes in just a few seconds. However, and let’s be honest for a second: there are many other sites offering a similar service. What separates us is that we negotiate on your behalf to get you the lowest rates possible for the coverage you want.

Also (and I don’t want this to turn into a sales pitch!) our tool lets you get quotes from several different lenders in one place, which makes comparing rates much easier than going to each insurer’s website. Instead of being forced to sit down with an agent for an hour and discuss your needs, you can evaluate them yourself simply from the comfort of your own home.

There are three important things to understand while looking for online life insurance quotes.

The first is that the quote you get isn’t set in stone. You’ll generally need an underwriter (an expert that calculates risk for an insurance company) to take a close look at your health history in order to get your actual rate. While that my scare you off and think that a thorough review will always result in a higher premium, that’s not always the case. In many cases, especially when you fill out the company’s questionnaire thoroughly, you can find yourself paying less than what you were initially quoted online. Pretty cool, huh?

Picture of Instant Life Insurance Quotes

You also want to be honest when answering the online questionnaire. That’s the only way you’ll get a semi-accurate quote. Many people just check off boxes in order to get ball park figures of how much they’ll pay per month.

Unfortunately, this technique can actually give you VERY inaccurate estimates as life insurance premiums vary wildly depending on your age and health history. It may take a bit more time (especially if you’re comparing several different insurers) but you’ll save time in the long run because you’ll have more accurate numbers to work with.

It may seem obvious, but make sure to get organized before starting your search. Considering that it’s possible (depending on your computer skills) to request 10 or more instant life insurance quotes in one hour, it’s not uncommon to get overwhelmed with all of the data you receive. For those of you that are completely new to life insurance, some of the terminology can even trip you up. If that’s the case, then you probably want to take a little Life Insurance 101 course and get a grasp of the different life insurance options out there.

Before you begin requesting quotes, get a pen and paper or even an Excel spreadsheet together that can help you note the following things as you get your quotes:

  1. Name of the Company
  2. Coverage Amount
  3. Term vs. Whole
  4. Your Quote

When you have this filled out you can easily compare and contrast the pros and cons of each insurer with ease as you request instant life insurance quotes.

References:

CNN.com on Comparing Quotes

UVA and Calculating Life Insurance Rates

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