So you need to purchase life insurance, but aren't sure where to find inexpensive term life insurance? Take a few minutes to read this article and we'll show you.
First of all, YES it's possible to buy inexpensive term life insurance online.
In fact, most consumers are finding the internet to be the only place where they can compare life insurance quotes without the bias of a sales person and truly find the most inexpensive life insurance options.
The most important thing we can tell you is to work with an independent life insurance agency. Being independent, we can offer ANY life insurance company on the market. We aren't limited to certain companies like most agencies. If you're in good health, go ahead and run instant life insurance rates on our website here.
However, if you have any health issues, make sure you call us or complete or quote request form so we can find the least expensive term life insurance rates for you. The reason we need to speak with you is each life insurance company will look at your specific risk differently. The key in finding the most inexpensive term life insurance is to find the company that will look most favorably at your health situation.
Even if you have very minor health issues like elevated cholesterol or high blood pressure, it may effect your rates with some companies. So if you use our life insurance instant quote engine, keep that in mind.
Besides that, here are 3 tips to make sure you secure the most inexpensive term life insurance rates:
- Buy as soon as possible. Sounds a little salesy from the guys who want to earn your business, but hear us out.
Term life insurance rates increase with age. Many life insurance companies view your age at "age nearest". So if you're 50 years old and within 6 months of your next birthday, you're considered age 51 by many life insurance companies. When you factor in the 1-2 months it can take to get a life insurance policy in force, age comes into play A LOT.
- Prepare for you medical exam. You may be the picture of perfect health, but if you don't fast for 8 hours prior to the exam - it may effect your cholesterol, blood pressure, triglycerides or other lab results. For tips on preparing for the life insurance medical exam, click here.
- Let your agent know about non health related risks such as foreign travel, hazardous activities and family history of cancer and heart disease. Many inexperienced life insurance agents forget to ask about these things, however they will be asked on a life insurance application and WILL effect your life insurance rates.
If you're looking for inexpensive term life insurance for seniors, please call us or fill out our quote request form and we'll be in touch with you. There are a lot of other factors that go into securing inexpensive term life insurance for seniors (which requires a blog post of it's own).
Bottom Line: Inexpensive term life Insurance policies are easy to find if you follow our tips. Life insurance rates are the same no matter if you use a broker or go to the life insurance company directly - so make sure you work with a truly independent life insurance agency (like Rootfin) who can shop the market for you. We work on behalf of you and not any insurance company.