The best term life insurance is the best life policy at the best premium to meet your unique situation. This is where an experienced independent broker can really be helpful. Their services are free of charge and they are compensated by the insurance company. An independent broker can take your information and shop it over multiple insurance companies to find the right combination of plans that will meet your exact needs and be sure you are purchasing them at the very best premiums.
When looking at Term Life insurance, you want a policy that is guaranteed "level". That means the the premiums are guaranteed not to go up, and the face amount is guaranteed not to go down, for the entire term. You also want the insurance company to have a good rating by AM Best or another rating agency. Finally, you want a competitive price. E.g. If you chew tobacco and are paying smoker rates, you could possibly cut your premium in half by using another company.
To find all these features in one policy, it is easiest to go to an agency that offers many different products, and let them do the hunting for you. This can be a local agency or an online one. The more choices they offer and experience they have, the more likely you are to find a the best Term Life Insurance policy available to you.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The most important thing is to select a life insurance agent that you trust. If you don’t know have a life insurance agent, already, get recommendations from friends, colleagues and neighbors. The trusted agent will listen to you, provide sound financial advice and communicate clearly with you and the insurance company. While policy and plan are important, setting the appropriate limit of coverage is critical. If you have inadequate coverage the ones who will suffer are the very people you are trying to protect.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Unfortunately there's no one company that offers the "best" term life insurance. The carrier that's going to offer the best rates for you may not be the carrier the offers the best rates for someone else.
There are 4 main factors that determine the rates for your life insurance policy - your age, risk classification, amount of coverage, and how long it's guaranteed for. Your risk classification is the MOST important factor when looking for coverage. Some companies may offer you a better risk class than others because they each have their own underwriting guidelines and respond to specific medical histories differently.
It is ALWAYS best to consult with an experienced life insurance broker who can compare multiple companies and shop the case for you and help determine the most likely risk classification you will qualify for with each company based on your medical history so you can figure out which company will offer you the desired coverage at the lowest rates - in short, which company will be your best starting point.
Please feel free to contact me for help. Thanks very much.
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To find all these features in one policy, it is easiest to go to an agency that offers many different products, and let them do the hunting for you. This can be a local agency or an online one. The more choices they offer and experience they have, the more likely you are to find a the best Term Life Insurance policy available to you.
There are 4 main factors that determine the rates for your life insurance policy - your age, risk classification, amount of coverage, and how long it's guaranteed for. Your risk classification is the MOST important factor when looking for coverage. Some companies may offer you a better risk class than others because they each have their own underwriting guidelines and respond to specific medical histories differently.
It is ALWAYS best to consult with an experienced life insurance broker who can compare multiple companies and shop the case for you and help determine the most likely risk classification you will qualify for with each company based on your medical history so you can figure out which company will offer you the desired coverage at the lowest rates - in short, which company will be your best starting point.
Please feel free to contact me for help. Thanks very much.