Chances are youâ€™ve gotten conflicting quotes if youâ€™ve shopped several online companies for Term Life Insurance. The varying estimates you receive are usually a result of how many â€” or how few â€” questions you answered to get your quotes. And which Term Life Companies the quoting firm represents.
The following facts can save you time, money, and often, spare you from disappointment:
- No matter what you are quoted, your final price will be determined by the Insurance company you choose. And this is done only after all relevant records and the results of your medical exam have been reviewed.
- Answering a handful of questions rarely leads to accurate quotes. Your price is influenced by dozens of factors including your health, your family health history, your occupation and even your hobbies.
- The more details a Term Life Insurance Agent knows about you up front, the more accurate your quote will be.
- Different Term Life 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 cholesterol or blood pressure.
You want to make sure your quoting company offers a good choice of Term Life InsuranceÂ Companies for your particular needs.