How to Find the Best Life Insurance Rates Online

If you are shopping for life insurance then you undoubtedly want to get the lowest rates possible. If you save just $10 per month on a 30 year term life policy, that adds up to a savings of almost $4000 over the life of the policy. Many people are choosing to use the internet to shop for life insurance these days. Your options are plentiful. Just google “life insurance” and you’ll get over 100,000,000 results. Wow. So what should you look for in a site and how can you find the best rates for life insurance online?

The first thing that you need to know is that rates are determined by the life insurance carriers, not the individual website. For example, if Metlife releases new rates then the life insurance websites will publish those rates. They cannot publish a lower rate to entice you and they can’t publish a higher rate to make a bigger profit or something. The rates are the same across the board no matter what site you go to. With that in mind, here are some things that you should look for to help you find the best life insurance rates online.

How many carriers do they have in their database? Life insurance rates can vary by hundreds or thousands of dollars between carriers for the exact same person. That’s why it is so important to get quotes from as many carriers as possible. A website that offers quotes from 12 carriers might not be able to get you the best rate for your situation as a site that has 40 carriers in its database.

How long has the site been in business? There’s a big difference between a site that has been around for one year and a site that’s been around for 20 years. Although they can both provide quotes, an established site will probably have better service and be more knowledgeable. Knowledge is important because a life insurance rate has many facets to it. It’s not based just on age. Your health, family health, occupation, driving history, and many other things are taken into account when determining a life insurance rate. A site that’s been around for a long time probably has a big network of experienced agents who you can talk to. This is important because an experienced agent can help guide you towards a carrier that will offer you the lowest rate for your situation.

Remember that life insurance quotes are easy to obtain. There are quote engines all over the internet, but there is more to shopping for life insurance than just typing in a few details about yourself and pressing go.  Here’s an easy way to get free quotes. Just fill out one page of information and you can compare multiple rates.

Related Posts:
%RELATEDPOSTS%

Back to Top