Reader question:

Should I compare whole life insurance quotes for a joint policy?

Mary

Thanks for asking, Mary.

If you are ready to buy life insurance, you should compare whole life insurance quotes first. Many people choose not to do this, and end up overpaying for their life insurance. While the quote shouldn’t be the sole deciding factor for you, you can tell a lot about a company by the price.

As you compare whole life insurance quotes, you’ll find that certain things about yourself affect the numbers that you get. I’ll give you a comparison between the quote I got and the quote my husband got.

I have a perfect driving record, whereas he has been in two (not so serious, but damaging to the vehicle) accidents and has a couple of speeding tickets. Me, I have a ticket for expired registration. While my ticket might have affected the price of a car insurance policy, it doesn’t affect the price of life insurance policy, but my husband’s tickets and accidents do. This is because risky behaviors, even if they aren’t related, technically, to your health, actually are taken into account when rating your life insurance policy.

Before you compare whole life insurance quotes, you’ll need to get information on all of the tickets you have received and accidents you have gotten in to put this information on the form.

take care,

Fashun.