How to Get Cheap Term Insurance Quotes
Are you looking for cheap term life insurance coverage?
If so, you’ve come to the right place.
You can instantly compare cheap rates for term life insurance from 40 of the most trusted insurance companies in America.
How do you get cheap term life insurance?
That’s a good question. There are several things you can do to help lower the price you pay for your term life insurance policy.
Tips for Cheap Term Insurance
Compare Rates from Multiple Insurers – Each insurer has
their own approach to rating life insurance applicants for coverage, so rates
do vary by insurance carrier.
Get Life Insurance at a Young Age – The younger you are when you purchase your life insurance, the lower the price you pay for your coverage.
Get the Right Amount of Life Insurance – Make sure you use a life insurance needs calculator to accurately determine how much life insurance you really need.
Choose Term Life Insurance – If you need life insurance for a period of 30 years or less, choose term life since it costs 2-3 times less than permanent life insurance.
Select The Right "Term" for Your Policy – Term life offers coverage for a "term" of 10, 15, 20 or 30 years. The shorter the “term” of your policy, the lower your premium.
Choose Annual Premium Payment Option – The insurance companies add an additional charge for multiple payment plans. So, if you pay your premium once per year (annual payment option), it will cost you less than paying premiums monthly.
Improve Your Health – If you are overweight, have high cholesterol or some other health issue, improve your lifestyle by eating right and exercising to get yourself in better shape.
Quit Smoking – Smokers usually pay 2-3 times more for life insurance than non-smokers. If you smoke you can save a lot of money on your life insurance premiums if you quit smoking.
Hobbies – Life insurers ask about your hobbies on the application for coverage. People who take part in high risk activities, including sky diving, mountain climbing, and B.A.S.E. jumping, among others, will pay a higher premium for life insurance coverage.
Occupation – People who work in high risk occupations, including roofers, pilots, zoo keepers, truck drivers, firemen, and loggers, among others, will pay a higher premium for life insurance coverage.
The fact is all of the tips we mention above will impact your price for life insurance.
If you take the steps mentioned above, you may lower the cost of your life insurance policy by up to 50% or more.
Keep in mind it’s also important that you choose a life insurance carrier that has a high financial strength rating. The financial rating is an indication of the insurer’s ability to pay their claims.
When you compare online life insurance quotes your quote comparisons will not only show you the prices from different carriers, it may show you the financial strength ratings of the insurance companies, too.
That way, you’ll be able to choose the best term life policy with the lowest rates from the most financially secure insurance company.
And, it only takes a minute or two to get your free, instant term life quote comparisons online now.
It’s quick, easy and there’s no obligation. You just answer some basic information about the amount of life insurance you need, your age, gender, tobacco use, etc. And then you’ll instantly see your quotes for term life insurance.
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote
Highly Recommended – Haven Life
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance
Buy Direct. Monthly Rates as low as $3.49 for Adults/$2.17 for Children.