For example, Comparing 15 year term life insurance to a 20 year term life policy is not a legitimate comparison.
Check to see how long the rates are guaranteed not to go up.
If one 20 year term life policy is guaranteed not to go up in price for a period of 20 years, it is not fair to compare it to a 20 year term policy that is guaranteed not to go up in price for a period of 10 years.
Do not compare a policy by the financial rating they give you. However, make sure you choose a life insurance company rated at least "A-" Excellent, or better, by A.M. Best for financial strength.
If you have a quote for a level premium that will not go up in price, and also quotes for graded coverage life insurance policies that can go up in price, it is usually best to go with the level premium that will not go up in price, even if it is a higher rate. That way, your rate is guaranteed for the term of your life insurance policy.
Here's how you can instantly compare the five lowest life insurance rates from over 70 leading life insurance companies.