![]() ![]() Not only will you save money, you also get to handpick the policy that’s right for you, all in one convenient place. That means you can get as many quotes as you want, whenever you want, no strings attached. That should give you the reassurance that your information is safe and private. You won’t have to provide those until you’re ready for the application. Unlike many other quoting tools found online, ours doesn’t ask for your name, phone number, or email address to get a life insurance quote. Notice how the premiums are higher for men than women and much higher for smokers than non-smokers. These are the monthly premiums for $500,000 of death benefit. Here are a few sample life insurance quotes to give you an idea of its cost. If your risk is higher than average, your premium will be higher, and vice versa. This gives the underwriter a picture of your risk level. driving infractions, hazardous avocations, drug use) history of major illnesses like cancer, heart disease) weight and height, smoking status, blood pressure) These are the factors that play a part in determining your life insurance rates: During underwriting, the insurance company gathers information about you. You have to go through a process called underwriting to get your final premium. It’s simply the standard rate to give you an idea of how much it will cost. You can get a life insurance quote by providing your age, smoking status, and gender. For example, a term-20 policy will be more expensive than a term-10 policy, and a term-30 policy will be more expensive than a term-20. The premium increases with the length of the term. Term life insurance has the lowest initial cost. So feel free to take your time until you’re ready to proceed. There’s no pressure by an agent for you to make a decision right away. Less pressure. You can work at your own pace.Chances are they’re not the best option for you based on price and benefits. Some agents only deal with one or two companies that they’re familiar with. Choices. All the insurance companies are at your fingertips.The companies are sorted by cost on the results page so you can compare quotes instantly. Save money. You know you’re getting the best price.Yes, even if you’re up at 2 am because you’re thinking about life insurance (trust me, you’re not alone). Convenience. You can get a quote whenever you want.Think of all the time you’ll save going back and forth with the agent! That not only includes the first time you request a quote but anytime you want to make a change. Save time. You don’t have to wait for the agent to respond.Why not use a local broker or agent instead? These are the five main benefits of getting a life insurance quote online: Funeral expenses. The average burial costs between $5,000 to $10,000 while the average cremation costs between $2,000 to $5,000.Emergency funds. Experts suggest you should have three to six months’ salary set aside for an emergency fund.That means an undergraduate degree costs $80,000. Education costs. The average cost of post-secondary education is nearly $20,000 per year.In fact, many people only want to insure their mortgage and nothing else! Mortgage debt. The average mortgage loan is nearly $300,000 so insuring this amount will remove a huge burden from your loved ones.You also want to consider insuring these additional things: ![]() We have a handy life insurance calculator to help you find out exactly how much you need. But you can use 10x your annual income as a starting point and adjust it from there. How much death benefit that requires is a hard question to answer. That essentially means you want enough death benefit to replace your income. You want it to be able to make rent or mortgage payments, pay bills, buy groceries, save for retirement and college, continue dance or hockey lessons, and more. You want your family’s lifestyle to be as uninterrupted as possible even in your absence. The answers to the previous questions should give you an indication of how much life insurance you should get.
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