Why Get Life Insurance

Affordable Life Insurance Quotes Online

This article provides three tips to consider before you start shopping online for life insurance so you will be smarter and more prepared for your online experience.

3 Tips When Shopping For Affordable Life Insurance Quotes Online

When it comes to shopping for life insurance, many people are going online to find affordable rates. Why? Because shopping online for life insurance is an easy and convenient way to compare quotes without having to drive around town or spend hours on the phone with an agent or call center. And if the price is too high or if you don’t like the coverage, you can simply move on to another insurance company’s website with a click of your mouse.

Be smarter about shopping for affordable life insurance quotes online and consider these three tips before you start gathering quotes or deciding on a policy.

Tip #1: Know how much you need.

Too many people are jumping on the computer and plugging in round numbers without asking themselves, “ How much life insurance do I need?” Resist the urge to go shopping until you do the math. Otherwise, you might end up with an inexpensive policy that doesn’t pay out enough to cover the needs of your loved ones.

For an estimate on how much you might need, begin by using a life insurance calculator to get you started. Keep in mind these calculators are only an estimated assessment, and for a more detailed analysis you should consult with a financial advisor or licensed insurance professional.

Tip #2: Know what policy options are available.

Many life insurance policies come with various coverage options that can be purchased at an additional cost. These coverage “add-ons” include policy riders or endorsements that can greatly enhance your coverage, often for just a dollar or two more per month.

For example, some policy riders include options that will allow you to purchase more insurance at a future date without a medical exam. Others, such as an accelerated death benefit rider, will allow you to use your life policy benefits for medical bills in the event you are stricken with a terminal illness. These à la carte options can often be wise coverages to have, so find out what options you can include in your quote, and if one or more is right for you.

Tip #3: Get quotes from a reputable company.

A great quote from a company with a less-than-healthy financial history isn’t a good deal. Imagine paying on a life insurance policy for years and then, when you or your loved ones need it the most, finding that the company doesn’t have the funds to pay your claim.

Get quotes from companies that have been around for a while. Look around on their websites and read a bit more about where the company is located and how long it has been in business, and check on its insurance rating. Look at the company’s A.M. Best rating (an insurance rating agency that provides information on the financial health of most life insurance companies) and take the time to look up companies that are questionable or that have been around for less than 10 years.

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This article is a high-level summary of things to consider when purchasing life insurance. The information presented is for information and educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective or its subsidiaries.

Neither Protective life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective life and its products and services, visit www.protective.com.

Life Insurance Quotes Online

Today's online consumer is accustomed to products and services being just a click away. Getting life insurance quotes online is a common first step for many people. There are a few things to understand before clicking the Buy button. Knowing how much you need, what policy options would be beneficial and who the carrier is are just as important. This article explores several tips that will help you when looking for life insurance quotes online. For more information, visit our learning center.