To compare life insurance rates, be sure you are comparing the same type of life insurance policy to another. For example, comparing 10 year term life insurance to 20 year term life is not a similar comparison. You want to compare life insurance plans that offer coverage for the same period of years.
Check to see how long the life insurance rate is guaranteed not to go up. If one 15-year term life policy is guaranteed not to go up in price for a period of 15 years, it is not fair to compare it to a 15 year term policy that is guaranteed not to go up in 10 years.
Do not compare a life insurance policy solely by the financial strength rating they give you. Compare them by price, too.
If you have a life insurance quote for a level premium that will not go up in price, and also quotes for graded life insurance coverage that can go up in price over time, it is usually best to go with the level premium that will not go up in price, even if it is a higher premium.
Here’s how you can instantly compare life insurance rates online from several insurance companies.
Check to see how long the life insurance rate is guaranteed not to go up. If one 15-year term life policy is guaranteed not to go up in price for a period of 15 years, it is not fair to compare it to a 15 year term policy that is guaranteed not to go up in 10 years.
Do not compare a life insurance policy solely by the financial strength rating they give you. Compare them by price, too.
If you have a life insurance quote for a level premium that will not go up in price, and also quotes for graded life insurance coverage that can go up in price over time, it is usually best to go with the level premium that will not go up in price, even if it is a higher premium.
Here’s how you can instantly compare life insurance rates online from several insurance companies.
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