When Your Quote
Becomes Your Price
Online term and universal life insurance quotes are not fixed or promised prices.
Understanding that your quote is not necessarily the price of your insurance is important. The quote is a way to estimate what the cost of insurance will be, but it can't always account for all of the information that affects the final price.
The final premium offer is determined and made at the end of the underwriting review process. The underwriting review is the process whereby an experienced insurance underwriter considers all of the individual health and lifestyle information that can affect your premium and determines the risk of insuring your life. If there is a low risk of death, you will most likely receive low premium rates.
Once the underwriting review has been completed, you will receive your price. It is at this point that you will know exactly how much your life insurance will cost.
In order to have the final offer most closely match your original quote, it is important that you be as thorough as possible about your health and lifestyle when you request your quote. That way you will have the most accurate quotation possible and will know what to expect from the underwriting process.
