Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
Get the Best Quotes at Low Rates:
Term life insurance quotes are all over the internet. Insurance companies are desperate to get your business. The industry is a very competitive business and life insurance companies desperately want to gain bigger portions of the industry market share. One of the ways they do this is to offer free quotes.
Term life coverage is one of the most popular products today. Before going to all the trouble of getting any quote it is important to understand what term policies entail. It is difficult, if not impossible to make a wise choice for your policy needs if you don't understand the details of a policy.
Term Life Insurance is an agreement, actually a contract between the buyer and the company. This contract states that for a predetermined amount of money, you will have a benefit of an agreed amount of money upon your death. A term life coverage policy offers a deal for a specific amount of time.
If during the time you are a party to the contract and pass away, your heirs will collect the benefits of your policy. It is generally just a formality to renew your term life policy when the contract expires. You usually don't have to take a physical or go through the whole application process.
Most of the time you just fill out a medical status form and you are done. While this is the case the majority of the time, it is not always true. To get the best rate upon renewal and for the company to reduce the risk factor, they may require that you take a physical at scheduled time throughout your association with the company. Term life insurance does not increase in value over the years. It does not have an investment option. A policy is a fairly simple agreement.
Now that you are familiar with the generalities of what a policy is exactly, you are now better prepared to seek out quotes.
You can get free term life insurance quotes from any agent or internet website. Be prepared to sift through hundred of offers for this quote. It is the best way for companies to get their foot in the door. While these quotes are valuable in helping you find the best deal, you should be wary about the life insurance industry.
Most companies are reputable and above board, however, there are some out there that have only their bottom line at heart. If a company offers you a quote that is unbelievably lower than everyone else, there is probably a reason that it is unbelievable.
Keep in mind that free term life insurance quotes are a tool that the industry uses to get your business. If a company requests a minimum amount of information then your quote will be less accurate. The reason you are looking for a quote is to get an accurate picture of what you are going to pay for it. It is also important to be completely honest about your health condition and health history. If you do not provide detailed information, you will not get an accurate quote, and your quote will be much higher than you were counting on.
The internet is a great source of information and you can literally get thousands of quotes. Be wary however of the too good to be true. You need to get things right in order to make your case stronger.
There are many ways to get a good deal on a policy. Using these free Quotes is one of these ways. Just be sure that you use these quotes a tool without letting the insurance companies take you for a ride.