FAQs about Free Term Life Insurance Quotes
Here are the most frequently asked questions about free term life insurance quotes so you can be in the know.
What are free term life insurance quotes?
Term life insurance quotes are one of the free quotes we offer on life insurance policies. By filling out our application, you can receive 4-5 free quotes from several major carriers on term life insurance policies. Term life insurance is different from permanent life insurance in the length of its coverage, but you can apply for both types of quotes on our site.
How do I apply for a free term life insurance quote?
You simply click "apply now" to fill out our short online application. Once you submit your application, we will match you with several insurers who can meet your life insurance needs. You will see quotes on policies from them side-by-side to help you decide on the right policy for you.
Is this site run by an insurer?
No, we are not an insurance company. Our goal is just to provide you with a free term life insurance quote from established life insurance companies. We are best described as a free referral service that matches customers with insurers. We do not sell life insurance, nor do we have a stake in which insurer you choose to underwrite your policy.
What's the difference between a free term life insurance quote and a permanent life quote?
Permanent life insurance and term life insurance differ in purpose, the length of coverage, and cost. Permanent life insurance is for people who would like a lifetime of protection in addition to the option of building cash value with their policy. With permanent life insurance, you pay the same premiums over your lifespan, but this type of policy will cost more initially than term life insurance. If you apply for a free term life insurance quote, you will see quotes on policies that provide insurance protection for a limited amount of time, usually 10, 20, or 30 years. Once this term expires, your protection ceases unless you renew. Term life insurance does not accrue cash value. You can get a maximum amount of protection for a minimal cost with term life, but your premiums could become unaffordable once your term expires.
How much coverage should I ask for when getting my free term life insurance quote?
The amount of coverage you specify when applying for your free term life insurance quote will considerably impact your premiums and your loved ones, if you should die. The amount of coverage you need depends on your income, your level of debt, your family's standard of living, and any financial obligations on the horizon for you. Your policy should always at least replace your income and then some because you have to factor in the services you provide (child care, cooking, cleaning, etc.) that your family might have to pay for if you die. If you have substantial debt, your policy should reflect this to avoid burdening your survivors. Your free term life insurance quote also needs to take into account your family's current standard of living, as you want this to be preserved after you're gone. Finally, if you have considerable financial obligations on the horizon, such as retirement or sending children to college, you might want to increase your coverage.