How can I get the best deal on a life insurance policy?
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Asked July 2, 2013
Getting the most for your insurance dollar, whether it be car insurance, homeowners, or life insurance, starts by doing your homework. You need to know what type of insurance you want, how much of it you need, and which company offers the most appealing deal to meet those needs. Even then, you still need to know the insurance company will be there for you in the long term.
Read about cheap life insurance.
There are 2 basic types of life insurance, term life and permanent life. Of the two, permanent life coverage is generally the best deal to cover your life insurance needs over the long run. This is because term life policies are not intended to stick with you for the rest of your life and insurance companies have to charge high enough premiums to cover the cost of settlements on their policies. Permanent life insurance, because it is usually purchased to cover an undefined number of years, has lower annual premiums to reflect a longer investment period.
Use the free quote portion of this website to get a free online quote and compare it with leading competitors. Look for the best policy at the best price, and make a note of your favorite insurers. Ask your friends, neighbors and coworkers, and compare their answers with the favorites you have selected. Look for discounts such as for being a smoke-free or in good physical health, or even discounts based on purchasing multiple policies through the same insurance company.
Check with a company such as the A.M. Best financial ratings company to make sure you are choosing a company that has a strong financial foundation. The A.M. Best Company rates insurance companies with a simple grading scale that lets you know at a glance how well the company is doing financially today, and what the long range expectation for it is as well.
Answered July 2, 2013 by Anonymous