Reader’s Question:

Should I follow my friend’s advice and shop for life insurance coverage on the Internet, instead of going with a broker or agent?

Shelly

Hartford, CT

That’s a good question. There are many excellent reasons to forego consulting different agents or having to hire brokers and instead, shop for the best life insurance coverage online. In fact, buying life insurance coverage over the Internet has become quite popular nowadays, thanks to websites and resources like the ones listed below:

1. Insurance Comparison Portals

These are websites that allow you to run a free quote check and compare life insurance rates coming from many different companies. With the help of these websites you can save a lot of time and effort looking for the best rates without the need to hire any brokers or call different agents.

2. Independent Raters

Agencies like Moodys, Fitch, and J.D. Power have websites that publish the ratings and performance of many different companies. They are an easy way to find out which life insurers have the best customer service, claims handling, financial stability ratings, etc. in your state. Finding a quality provider is now easier than ever, and it won’t cost you a dime to do so.

3. The Better Business Bureau

So you have a few life insurers in mind, but want to know if they have any shady practices or bad history when it comes to dealing with their customers? Go to the Better Business Bureau website and find out. Often times this can save you from a lot of hassle and frustrations that comes with choosing the wrong company.

Tags: compare life insurance rates

Reader’s Question:

How can I get a health and life insurance quote online and what’s the benefit of acquiring them in the Internet?

Annabelle

Salem OR

People find life and health insurance important for themselves and their families. However, these insurances have become harder for may people to afford. With all the many health and life insurance companies out there, you might find it hard to determine which of them is right for you, fits your budget and suits your needs and lifestyle.

Getting a health and life insurance quote online is simple. There are web sites that will provide you the information about policies available from their insurance provider as well as generate the health and life insurance quotes you needed. Some web sites even get their health and life insurance quote online from more than one insurance providers so that you may have a lot of quotes to study in order to determine which ones will give you the greatest coverage at the least expensive cost.

Prior to receiving your health and life insurance quote online, you would have to disclose a few information first so that your insurance quotations will suit your current status and needs. These information includes your age, medical history, health status and smoking habits. With a click of the button, you will receive your health and life insurance quotes through your browser or sent to your E-mail. It is that quick and easy. In a matter of minutes, you will have your quotes.

Searching for you insurance quote online will give you greater access to a magnitude of things than when you do conventional searching offline. In this way, you can discover the many health and life insurance companies that are in the market as well as learn a lot and in detail about the basics of insurance and its industry without the hassle of roaming around the city and talking to a lot of insurance agents out there.

So what are you waiting for? Getting your insurance quotes online will help you save time and money in finding the right policy that will protect you and your loved ones.

Reader’s Question:

How do I decide which life insurance policy or company is the best for me?

Mosley

Little Rock, AK

Life insurance is definitely something that all adults, especially those with dependents, should seriously think about. Listed below are some great tips to help you get the life policy that is best for you:

Different Types of Life Insurance: Find out Which You Need

Before purchasing life coverage you must first know which one is right for you. Life insurance can be divided into two types: Term Life and Whole Life. Term life is short-term life coverage that offers substantial death benefits at an affordable price (and usually not much else.) This is ideal for those raising a family or paying mortgage. Whole life is a permanent type of coverage that accumulates in value over a long period of time. Whole life offers more features and benefits but can be quite expensive in its early years.

Compare Life Insurers

Identifying the best rated insurers based on customer service, billing and payments, claims handling and pricing is now easier with independent rating agencies such as Moody’s, A.M. Best, and J.D. Powers. These companies publish accurate and detailed information (available on their websites) that help consumers identify top performing insurers today.

Compare Life Insurance Quote

Still another excellent way to find out which life insurer is best for you is to obtain and compare life insurance quote online. Getting a quote is free. It only takes a few minutes to simultaneously compare rate offers coming from multiple life insurers, effectively maximizing your chances of finding the best insurer for you.

Reader question:

How will documented drinking problems affect my  life insurance quote?

Luther

Thanks for the question, Luther.

Having a history of drinking problems will make life insurance companies freeze up around you, and it’s very possible that you won’t be able to get a life insurance quote at all. If you have only one DUI, for example, you might start out with the highest prices, and after a year of clean living work your way up to the regular pricing. But if you have any more DUIs and an un-pretty record, then you’ll have more trouble than that, and might not be able to be insured.

As for being an alcoholic, that affects your  life insurance quote in much the same way, even if you have been into a treatment center and have stayed sober for awhile. Most former alcoholics will have to stay sober for five years before they can get a standard rating, and one to two decades more if they want to do better than that.

take care,

Fashun.

Reader question:

Will I be able to get good  life insurance quotes even though I drink?

Mario

Hm, Mario…

You can still get pretty good life insurance quotes as a drinker, but it can also affect your policy for the worse. It all really depends on what kind of drinker you are. The more alcohol you consume, the more likely you are to chop years off of your life expectancy and lose money as a result.

So, how much do you drink?

• Socially.

If you just drink occasionally with friends or at special occasions, then you’re probably in the clear. And when I say “drink occasionally with friends”, I don’t mean “bather in lager every weekend with the frat boys”. Drinking socially is better, but still in moderation.

• 1-2 drinks each day.

You’re getting on the unhealthy side here, and it’s likely that you won’t be able to pay the preferred  life insurance rate. Maybe you should cut back.

• 3+ drinks a day.

Okay, now you’re getting ridicoolus. Ridicullus. Radicalisscuous. Wait, what’s going on?

Causing mental impairment, increased lack of control, liver problems, and more, heavy drinking like this will pretty much guarantee that you have to pay extra for your life insurance.

take care,

Fashun

Reader question:

How much coverage do I need to put down for my family when looking for good life insurance rates?

Martin

Glad you asked.

When determining your  life insurance rates, you have to look at not only the possible debts you will leave behind, but also the well being of your family. It’s hard enough to lose a loved one to the other side, and even harder still when you find yourself in a whirlwind of financial ruin as a result. Any life insurance policy you purchase should be able to keep your family out of debt and enable them to continue living life at the same standards of living as before.

For this, it’s not quite as set in stone, but here is how I did it. a good place to start is to determine how much you make a year. If you make $30,000 a year, then if you die, that is how much your family is going to lose, so you need to invest in a way that will allow them an extra income benefit of $30,000 a year for around five years or so.

There are two ways you can do this. Either you can purchase a benefit that will pay your family $20,000 each year. Or, for lower  life insurance rates, you can purchase around $300,000 of insurance, and when you pass on, your family can invest that and it will generate $30k a year for them.

take care,

Fashun.

Reader question: How do I get the right amount of coverage for quotes for life insurance?

Alice Good question. One thing that you need to decide before you start looking up quotes for life insurance  is just how much of it you’re going to need. You might want to go for a small amount because it’s cheaper, or a larger amount because of the greater wealth, but in the end you might find that your first inclinations aren’t the most responsible ones.

You should consider several things when deciding how much coverage to list when looking for quotes for life insurance in. One of the main types of reasons for life insurance that is often overlooked, though, is insurance against debt. For example, right now I am buying a house with a $100,000 mortgage. I also have a car, which I am $18,000 away from paying off.

I have several other various debts, for medical bills, credit cards, and the like, which come out to a total of round $5000. I make regular payments on these right now, but what if I died? My creditors would be out of luck, and may even move to harassing my family. This is why you need to consider more than cost of living when you are deciding your coverage. take care, Fashun

Reader question:

Are there any scams I should avoid when digging up a quote for Houston life insurance?

Gisele

Good question.

I have to put out a warning based on my experience, and that warning is, when you get a quote for life insurance, beware of the companies that quote you extremely low prices, whose headlines say things like:

ATTN:

$500,000 LIFE INSURANCE POLICY

$13 A MONTH

NO MEDICAL EXAM!!!!

I saw one of those once a few years ago and got really excited, because, you know, i needed a quote for Houston life insurance, but I don’t make a lot of money. Heck, with that kind of policy i might have just offed myself with the guarantee that they bury the money with me.

The trouble is that when you follow the trail and go to the company to actually get a quote, it doesn’t turn out to be quite as unicorns and rainbows as they make you think. After all, at those rates there’s no way the company would make money, especially if they don’t actually know what kind of health you have. The quote might be true, but not for the amount of policy they offer you, and in the end if you want what they say in the ad, you have to pay a lot more. So, just listen to my experience and ignore the ads; get quotes.

take care,

Fashun

Reader question:

How do I get the best life insurance rates?

Jacob in New Jersey

Glad you asked.

Before you go online to make a life insurance rate comparisons, you need to assess your life and see what steps you can take to make sure you will receive cheaper rate quotes.

• If you’re a smoker, stop! (or at least stop for 15-20 days before you take a medical exam)

No matter how little you may be afraid of developing cancer, your life insurance company won’t take such a cavalier attitude for it, and will charge you a lot more. After you have been smoke free for a year, you can get better rates.

• Keep in one company.

Buy your life insurance policy from the same company you have your other types of insurance with, and save on all of them.

• Discounts.

When making a rate comparison, be sure to look beyond the initial quote. Check the company’s website and see what kind of discounts they offer. You would be surprised at the extent of discounts many companies have.

take care,

Fashun

Reader question:

Can I do an online comparison for term life insurance in Texas?

Aurelio

Sure you can.

The great thing about the rise of the internet is that you can know get an online comparison for term life insurance in Texas. On many sites across the web, simple forms and quick quotes allow you to compare rates in the best and easiest way. Even more so, since many of these sites which offer multiple quotes are run by clicking on ads and other things and are not related to insurance companies, they are likely to offer a clear, unbiased, unpressed life insurance quote.

The best thing to do to get the clearest online comparison for term life insurance is to visit at least three such quote sites, fill out the forms, and compare the rates they provide you with.

These quotes can be gotten very quickly, within five or ten minutes, which makes it easier for you to search for other information about the life insurance companies since you will not be wasting your time making phone calls or visiting brokers in order to get quotes. You can also put in your phone number on many of these forms in order to have a broker contact you at home.

take care,

Fashun