It's easy to find term life insurance quotes online. Just dial up your favorite search engine, type in 'term life insurance quotes' and scroll through the many thousands of results you'll see. Sounds like fun, right?
Or, you can try a better way.
Go to our term life insurance quote system. The first page you will see is our Quote Questionnaire. This page collects only the 'essential' information we need to give you a quote. By essential, I mean no personal contact information such as your name or email address. Those things have no impact on your quote. None. So we don't ask for them.
Let's take a closer look at the Quote Questionnaire, one section at a time.
1. State of Residence - This is simple. Where do you live? We provide quotes to residents of all states (and DC) except NY. Sorry, but NY regulations make it tough for us to do business there. Side note: Your state of residence does not impact your cost for term life insurance, with a few minor exceptions. It's mostly the same in all states.
2. Gender at Birth - This seems like it would be simple as well, but that's not always the case. The best way to explain it is life insurance companies base your rates on your gender 'at birth,' regardless of which gender you currently identify with.
However, if you've surgically transitioned from one gender to the other, or begun hormone therapy treatment, you'll want to contact us for a quote. The reason is that life insurance companies vary in how they rate such cases. Some will use the gender at birth, while others will use the transitioned gender. And still, others may require you to wait 1-3 years before applying.
3. Date of Birth - Please be careful to enter your correct date of birth. It may seem like a day or two off is no big deal, but it can be. This is because many life insurance companies use an age nearest birthday method of calculating your age. In short, this means your age for insurance purposes could change six months before your actual birthday.
4. Height/Weight - Life insurance companies use your build (height and weight) when determining your rating class, and ultimately how much you'll pay for your policy. Please give accurate numbers; otherwise, your quote may be wrong and you'll be disappointed in the end when the company approves your application at a higher rate.
5. Tobacco/Nicotine Products - This includes all types such as cigarettes, cigars, pipes, electronic cigarettes, vaping devices, chewing tobacco, snuff, nicotine patches, nicotine gum, etc. It also includes marijuana, whether for medicinal or recreational use.
Choosing the appropriate time frame is important, because the longer it's been since your last use, the better the rate will be. In some instances, you may be able to get a non-tobacco rate even if you are a current user. Examples are occasional cigar use (less than one per month) and medically-prescribed marijuana use.
6. Your Health - This is subjective, we know. We've included a guide to help you get a general idea of your overall health. It's a good start and we can help you fine tune it if you decide to apply.
7. Coverage Amount - You can select from $25,000 to $25,000,000. Just remember, you'll have to qualify for the amount you request. And if you're not sure how much that should be, our calculator can help.
8. Coverage Length - Options here are 10 - 35 years. This is the length of time that the policy rate is guaranteed for. As an example, a 10-yr term policy has rates that will not change for ten years. When the term ends, the rate often goes up significantly, so be sure to choose the policy term length wisely.
9. Payment Mode - You can pay your policy premium monthly, quarterly, semi-annually, or annually. You'll save the most paying annually, while monthly will cost you the most. If you're not sure, this guide may help. Also, you can easily change the mode so don't get too caught up in that now.
Hopefully, I've made the process of getting a quote easy to understand. If not, please let us know and we'll walk you through it!