The last question you have to ask yourself when looking for an affordable term life insurance quote is how much you can afford to pay. Think about what you paid to ensure your car and home each month. For those under the age of 50, the cost to insure your family both to pay off the mortgage, if you have one, and to provide you with sufficient cash to maintain their lifestyle is frequently less than you are paying to ensure their car(s).
The first question you have to ask to find affordable term life insurance is how much insurance do you need to protect your family and in the event of your premature death. You will need cash to pay off the mortgage, if there is one, and to enable your family to maintain the lifestyle that they become accustomed to. There are a number of calculators that can provide this for you in a matter of minutes. One that is proven to be quite accurate is here. It will only take a few minutes to enter in the required information and the results have proven to be quite accurate over the eight years it has been used. It is usually advised to do one calculation for each spouse as the amount of insurance required may not be the same.
Now that you have an estimate of how much life insurance you require, the best place to find affordable life insurance is on the Internet. Searching Google for “affordable life insurance quote” will generate a host of websites that all have quoting engines on them. How to choose the website with the most affordable life quote is a good question. First, eliminate all of the insurance companies as they will only quote their own products. Now read the description of what each site offers and choose one that has been in business for the longest period of time as their systems and procedures will be tried and proven and their brokers experienced.
Once you have chosen a site check to see if it is a member of the Better Business Bureau. There are literally thousands of websites with search engines that are trying to get your attention to use them in your search for an affordable life insurance quote. If they are members, click to see what kind of record they have and how long they have been in business. Read the first paragraph about the company on their web site and then decide if you would be comfortable working with them.
Now that you have chosen a company that you would be comfortable with, obtain your affordable term life insurance quote, by completing the information required to obtain a quote including the questions to see if you would qualify for a preferred quote. Many companies offer something called preferred underwriting for those people who are above normal in health and have a very healthy lifestyle. Approximately 40% of those who apply for life insurance will qualify for one of these preferred rates but not all companies offer them. It is recommended that you first get a quote for the standard rate and then you get a quote for the preferred rate based on your answers to the questions.
The actual life insurance rate you get will not be determined until the nurse visits with you and does a blood test and other tests so it is best to consider getting a preferred rate as a bonus. This avoids the disappointment of not getting a preferred life insurance rate due to something that you were not aware of.
You now have quotes from a number of companies but what is an affordable life quote for some may not be for others. The good news is that, if you provided your contact information, you can expect a call from an independent life insurance broker, usually within 24 hours, who can help you through all the complexities of choosing the most affordable term life insurance quote options that both meet the needs of your family and is affordable.