Life Insurance

Buy life insurance

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It's easy to buy life insurance using WholesaleInsurance.net.

Below are 5 steps that you should take when buying life insurance, along with some good advice to help you get the coverage you need at the lowest price possible.

1. What kind & how much?

Before you start shopping around, it's best to determine: what kind of life insurance best meets your needs, how large a death benefit your family needs, and how long your family will need the amount of insurance protection you are considering.

Our advice: There are many types of life insurance from which to choose. To help you narrow down your decisions, start by considering the two main types: term life insurance and permanent life insurance.

Use our life insurance calculator to help you determine how large a death benefit you need.

You might want to buy life insurance to protect your family for several decades, but if your family is like most, their coverage needs will decrease over time. You might do well to buy a smaller 30-year policy and supplement it with a 5, 10, or 20-year policy.

2. Compare life insurance quotes

Fill out the form on this page to instantly compare life insurance quotes from a multitude of high-rated life insurance companies. The information you submit about your age, fitness, and state of residence is all used to calculate the insurer's cost of insuring you. (If you want to purchase a policy on someone else, use his/her information, not yours.)

A life insurance quote is a prediction of how much it will cost to provide coverage for a certain individual.

Our advice: At WholesaleInsurance.net, we bring you quotes from numerous life insurance companies. If you choose another brokerage to help you compare quotes, we recommend an independent agency like ourselves, where the service is free and unbiased.

The form field where errors are most likely to occur is "Health Class." Consult our health class table and then use your best guess.

3. Fill out an application

Each life insurance company has its own requirements, but we at WholesaleInsurance.net do most of the work for you, all at no cost to you.

We do need your contact information, however. After submitting the quote form in the previous step, you were rewarded with a list of life insurance quotes. Choose one you'd like to apply for (maybe because it's the cheapest, maybe because you recognize and trust the company offering it) and click "Continue."

After you complete and submit the form on the following page, one of our licensed advisors will telephone you to collect any further information that the insurance company requires from you to buy life insurance.

Our advice: If you have any doubts about your needs or your insurability, discuss them with your advisor. We're here to help, and addressing concerns early in the process will help us get you covered sooner.

4. The medical exam

Unless you wish to buy nonmedical issue life insurance, the life insurance company requires a medical examination of the individual to be insured. The medical examination is to verify that the examinee indeed belongs in the health class you indicated on the quote form.

We'll schedule a travelling nurse to administer the exam at your home or office, at no cost to you.

Our advice: Take care of yourself prior to the exam: eat right, sleep well, and abstain from harmful substances. Read our article 7 Inside Secrets to Save Money on Your Life Insurance for more specific advice.

5. Accept the offer

When it comes to life insurance, you are never obligated to buy—and so far, you haven't opened your wallet at all.

The insurance company will send you an offer if your application is approved. The offer will be identical in price to the life insurance quote you received earlier in the buying process if the company finds that the health class you selected earlier describes you best.

Your policy goes into force when you sign the offer and return it with your first premium payment.

A few of the carriers we quote

For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.