Life Insurance Information Components Quotes

Term Life Insurance Quotes

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To instantly compare term life insurance quotes and rates online, click here.

About term life insurance quotes:

When purchasing term life insurance, it's nice to understand what a quote is and how and why a quoted rate could change. This will cut down on potential frustration with the quoting and application process.

What is a term life insurance quote?

Life insurance companies have different price categories known as rate classes. These rate classes are based on how much risk the carrier would take on by insuring you. The healthier you are, the better the rate class you qualify for, and the lower your term life insurance rates will be.

Prices (a.k.a. rates) are determined by what rate class you fall into. Quotes are only a guess or estimate as to which rate class and price you would qualify for.

Why term life quotes could change

When providing term life insurance quotes, agents ask a series of in-depth questions to get to know your situation better. This allows the agent to estimate which rate class and price you would qualify for. There are many things that could affect rates (personal and family health history, dmv records, health habits, height/weight, hazardous activities, etc.). The accuracy of your quote depends on the knowledge and skill of your agent, as well as the accuracy of the information you give your agent.

Term life insurance rates differ from the initial quote when a carrier determines you qualify for a different rate class than the one you were initially quoted. This may happen if you forget to mention some health issue when speaking with your agent, or perhaps the life insurance medical exam found different results than you expected (i.e. that your once-high cholesterol is now within the normal range). Internet quotes are often wrong if you have medical or other issues that are not accounted for on the quote form.

Whatever the case, remember that term life insurance quotes are best-guess estimates. The absolute final price is not determined until after your application has gone through the carrier’s underwriting process.

This is why it’s so important to be as detailed as possible when comparing term life insurance quotes. If you forget to mention to your agent that you have asthma, your quoted rate will not be as precise as it could be.

Questions, concerns about term life insurance quotes? Feel free to contact our friendly, licensed advisors at 1-800-823-4852 so we can walk you through the application process and provide you with the most accurate term life insurance quotes available.

Shopping Around and Comparing Term Life Insurance Quotes is Key

Competition is good for business. When carriers compete for your business, you win. For instance, when shopping for a new television, you shop around and compare prices at different stores to get the best deal, right? It works the same way when you compare term life insurance quotes.

Because term life insurance quotes vary by insurer, WholesaleInsurance.net refuses to offer term life insurance quotes from a single carrier. Instead, we compare quotes from dozens of companies to make sure you get full access to the best term life insurance quotes available. From large international carriers to smaller, more specialized companies, we scour the marketplace to secure the best value for you.

Benefits of shopping around

Price. Another reason it’s important that consumers have choices when comparing term life insurance quotes? Cost. No two life insurance companies are alike, and one carrier may charge a significantly higher rate for the same coverage as another carrier.

Coverage options. Your unique situation may require a unique coverage solution, and not every carrier offers flexible coverage options. One carrier may offer a maximum of $500,000 in coverage while another might offer up to $2 million. Similarly, one carrier may allow death benefit payments to be made over time while others won’t. If you need term life insurance quotes that fit your unique situation, shop around.

Also, dangerous hobbies. One carrier’s underwriting process may be vastly different from another carrier’s. While one carrier may view skydiving as a dangerous hobby, another might not. Additionally, not all carriers view tobacco users in the same way. Is someone who smokes a cigar on occasion considered a “smoker”? Carriers answer this question differently.

Same goes for occupation. An airline pilot may be deemed high-risk by one insurer but not by another. The difference between “high-risk” and “standard” may be hundreds of dollars annually, which is why it pays to shop around (or better yet, get an agent that will shop around for you!).

Quotes and Rates

Click on the following links to find more information about term life insurance quotes.

Life Insurance Quotes Are Not Guaranteed – Learn about what a life insurance quote is and why the quoted rates are not guaranteed.

Your Life Insurance Quote Could Change – Learn about how quotes can change as the application process progresses.

Common Reasons a Quoted Rate May Increase – Read about the most common reasons your quoted life insurance rates could go up.

Why You Need a Choice of Term Life Insurance Companies – Learn why it's important to have multiple term life insurance companies from which to choose; rates can vary by company.

If you have other questions regarding term life insurance quotes or the quoting process, please visit the Research Library or call 1-800-823-4852 to speak directly with a life insurance specialist.

How to Get Term Life Insurance

Before you start shopping around for term life insurance quotes, determine how much coverage you need. Our life insurance calculator will assist you with this.

Click the button above, fill in a few pieces of information, submit and you’re done.

Or, if you prefer to contact us on the phone, call us at 1-800-823-4852 to speak with an insurance specialist. We’re happy to answer your questions or help you apply for term life insurance over the phone.

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.