If youâ€™ve shopped several online companies for term life insurance, chances are youâ€™ve gotten your fair share of conflicting quotes. The varying estimates you receive are usually the result of how many â€“ or how few â€“ questions you answered to get your quotes, along with which life insurance company (or companies) the quoting firm represents. These four facts about term life insurance quotes can save you time and money when choosing a policy, and often spare you from disappointment.
- No matter what amount you are quoted, your final price will always be determined by the life insurance company you choose. Insurance companies calculate your final policy price only after the results of your medical exam â€“Â and all other relevant records â€“ have been thoroughly reviewed.
- Answering a handful of questions rarely leads to accurate term life insurance quotes. Your price is influenced by dozens of factors, including your family health history, lifestyle, occupation, and hobbies.
- The more details a life insurance agent knows about you up front, the more accurate your quote will be.
- Different life insurance companies specialize in different â€œrisks.â€ For example, some companies offer more reasonable rates for smokers, or for people who take medication to control their cholesterol or blood pressure levels. Thatâ€™s why it pays to volunteer as much information as possible about your health and lifestyle when youâ€™re in the process of getting a term life insurance policy quote. If you have a medical condition or habit that puts you at risk in the eyes of an insurance carrier, be sure to get multiple quotes from multiple companies.
Whether you get your term life insurance quotes online, over the phone or in person, make sure that the quoting firm you use offers a solid choice of highly-rated life insurance companies that can match you with the best coverage â€“Â at the best price â€“Â for your particular needs.