Life Insurance Rates

Life insurance rates have got to be the number one concern of any potential policyholder. We'll tell you where to find the best deals on the web, and how to maximize your coverage for a minimum of expense.


This section:

  • Describes how life insurance rates are set

  • Explains how to score the best rate possible

  • Links to great low-cost life insurance quote services

Premiums can vary by as much as 50%. Visit eFinancial, where you can fill out a short form, select a plan, and receive a true personalized quote in minutes. Click here to start.

Use InsureME to compare additional term life and whole life quotes, and get expert advice from an agent in your area, who can help you design a plan that's right for you. Click here to fill out a quick form.

Shopping for life insurance online

The internet has been a huge blessing to life insurance consumers. Increased access to information and competitive selling by insurers have driven down the cost and multiplied consumer options.

Better yet, many services allow you access to the policies of multiple insurers with one application. Whether you're looking for term, whole, universal or variable life insurance, there is a quality online life insurnce marketplace for you.

Of course, a life insurance quote is only as good as the information you enter, so before we send you on your way, here'a quick list of the facts you should have handy for application:

Information necessary to an accurate life insurance quote

Basic personal information. All the stuff you find on your driver's license.

Work and leisure profile. Is your occupation dangerous? Are your hobbies dangerous? And, of course, do you smoke (a big, important factor)?

Driving record. Most insurers will want pretty specific inormation about any recent accidents, tickets, or DUI's.

Health profile. This includes both a family and personal illness histories and a basic snapshot of your current health (cholesterol count, blood pressure).

And, finally, coverage details. How much coverage you want, the type and length of policy you're seeking.

You should be able to get an initial quote even without a lot of the specifics listed above. It simply may not be very accurate. If you're not sure about something, give it your best guess rather than leaving the field blank. And now for the important part:

Getting the best life insurance quote

Depending on whether you're considering a term or permanent policy, (permanent includes whole, variable, and universal), we recommend slightly different strategies.

If you're seeking a term policy quote, try Netquote. Quotes are instant, and you compare costs and coverage side-by-side. Many insurers are represented, along with their finacial ratings, and you need only contact and deal with those whose policies interest you.

The online approach works best for a few reasons. First, the cost of term life insurance policies can vary widely - you need to comparison shop. Second, playing around with coverage numbers and term lengths can also really affect price, and that's easy to do online. And finally, you'll be able to shop in peace, without being pressured to buy a permanent (more expensive) policy.

So what are you waiting for?

Get a fast and free quote from Netquote


If, on the other hand, you want a permanent policy, you should probably talk one-on-one with an agent. Whole policies come in a lot of flavors, and they're a trickier business than term plans.

Even if you're fairly sure of the type of policy you want, you really need to take into account both your coverage goals and your financial siutation when choosing policy specifics. An agent will help you do that.

For fast assistance from insurance professionals who want your business, try Insurecom. You apply online for a quote, and Insurecom matches you with insurers who offer a good price on the type of coverage you seek.



Next: A look at life insurance company ratings

For more help . . .

Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process.

Our free life insurance course is designed to help you do just that.

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