TERM4SALE | Term Life Insurance Quotes

Important Information About This Quote

Gender:

Birthdate: Health Class: Actual Age: Nearest Age: State: Amount of Insurance:

Please read and and verify that the information that you entered is accurate. If the age or other information is wrong, it will affect the premium that the company actually charges.

Your actual age of is based upon a birth date of . Some companies use your actual age to calculate premiums, while others use your nearest age. For the purpose of this comparison, the premiums for companies which use nearest age have been based upon your nearest age of .

Finding the Best Policy

While initial premiums are a very important part of comparing term, the fact is that the cheapest product is not always the best. COMPULIFE recommends that you speak with an agent in order to investigate which products and companies would be best for you.

To obtain a list of the 3 COMPULIFE subscribers selling insurance in your area, use one of the "Select and Continue" buttons in the quote results.

Once again, the lowest cost policy isn't always the best policy. There are other differences that you should consider before choosing the company and product that is best for you. Many of those other differences are subjective. This means that they cannot be compared by simply placing values side by side on a piece of paper, as we can do with premiums.

COMPULIFE Software cannot advise you with respect to specific products or how they are different from others. COMPULIFE does not have a license to sell life insurance. COMPULIFE produces and sells a much more complex term comparison software program to over 3,000 life insurance brokers and agents throughout the United States and Canada. Your best course of action is to locate a properly licensed agent who uses the COMPULIFE program.

Again, you can find an agent by choosing one of the "Select and Continue” button in the quote results.

If you have any difficulty obtaining the names of three agents who subscribe to COMPULIFE, please call our office toll-free at (888) 798-3488.

Many comparison services on the Internet create the misleading impression that you can buy term insurance without going through an insurance agent. While an insurance agent may not come to your home or office, a properly licensed agent must always be involved in the sale of life insurance. That's a matter of government licensing and regulation.

Another mistaken impression given by a number of Internet insurance comparison services is, "Buy direct and save money". You cannot receive a discount in the price of life insurance by avoiding a life insurance agent.

Sales charges and costs (such as commissions) are built into the premium that you pay for any term policy that you buy. You will be paying those built-in charges regardless of whom you buy the policy from. Finding and using a local life insurance agent will not cost you more than dealing with someone in another city or state by telephone or mail.

Therefore, given that you are already paying the costs of having an insurance agent provide you with personalized advice and service, COMPULIFE believes that you should find an agent who can provide you with local service. If you have a question, or you need help, having a local agent to is an advantage. We also believe it makes sense to support your local economy.

There is no guarantee that an agent using COMPULIFE is automatically the best agent for you. On the other hand, because an agent must pay to acquire the COMPULIFE service, it is a pretty good indication that the agent has a sincere interest in multi-company marketing.

Many agents sell life insurance exclusively for one company. They can sell you anything you want, as long as it's something from that one company. Such agents have little reason to subscribe to a service like COMPULIFE and based upon the comparison that we have just completed for you, you will realize that it pays to shop and compare more than one company. An agent that subscribes to COMPULIFE can do that quickly and easily, and they have access to far more product information than we provide here.

Differences Between Companies and Products

The following is a brief list of some of the other factors that you will need to consider when comparing products and companies:

Company Financial Strength- Not all life insurance companies are the same; some are large while some are smaller. Some companies are in better financial condition than others. The longer the level term period, the more important it is to consider how healthy and strong the life insurance company is. Make sure that you ask your agent for information about the financial ratings for the companies that you are considering.

Premium Guarantees - Are the premiums for the policy fully guaranteed? Not all companies fully guarantee the initial premium for the entire level period. For the purpose of this comparison, each product in the quote is guaranteed for the level period in question. If someone is showing you a product not in this quote, make certain that the premium is fully guaranteed for the level period. If two products have the same price, but one is guaranteed while the other is not, the guaranteed product would be better.

Renewal Period - Most level term policies have the ability to renew the policy beyond the initial level premium period. Two products may offer identical premiums for the initial level period, and yet there may be an enormous difference in renewal costs beyond the level period. In addition, COMPULIFE includes in our term insurance database, products known in the industry as no lapse Universal Life. These "hybrid" U/L products have term-like premiums which offer initial guaranteed level premiums comparable to the level periods of corresponding guaranteed level term policies. For the initial level period, U/L policies with term-like guaranteed premiums provide comparable premium/death benefits as the corresponding level term products. However, the ability to renew those U/L policies, and the premiums that you might pay to renew those policies, can differ significantly from a corresponding level premium term policy. An agent using COMPULIFE has access to renewal information for most of the products in this quote, and can provide a year-by-year future premium printout that lets you compare more fully.

Conversion Period - Many term policies offer the ability to exchange the term policy for a whole life policy without having to medically qualify. Should your health change, and should you not be able to buy a new policy elsewhere, you may find the conversion option important. Not all policies offer the same time period for a conversion to take place, and not all give you access to the same types of whole life. An agent using COMPULIFE has access to more information about that.

Comparing Different Level Periods - Should you be buying a 10 year term product, a 20 year term or a 30 year term? How long do you need the insurance? If you buy a 10 year term, how will future cost increases after the 10th year compare to a longer level term plan such as 20 year term? If you only need insurance for 10 years, you could be wasting your money buying a 20 year term product. You should discuss why you are buying the insurance with the agent and let them give you the benefit of their knowledge and experience. The agent may be able to identify other factors you have not yet considered. A COMPULIFE subscriber can easily compare, side-by-side, the future cost of different level term insurance policies.

Monthly Payment Options - Many consumers pay their term insurance premiums on a monthly basis. The least expensive product based upon the annual premium may not have the lowest monthly, quarterly or semi-annual premium. Many life insurance companies charge extra to pay more frequently than annually, and some charge more than others. Once again, an agent using COMPULIFE has access to that information.

Health Risk Conditions - Each life insurance company establishes its own health and lifestyle requirements to determine what premiums you may qualify for. Slightly high blood pressure may disqualify you for one company's preferred health premium, but might be acceptable to obtain another company's preferred health premium. Your agent will be able to give you more guidance.

Smoking Considerations - Not all life companies define smoking the same way. If you have never smoked or used tobacco products in any way, then a non-smoking comparison will include products that you can qualify for based upon non-smoking. If you were a smoker and later quit, then how long ago that you quit may limit your choices. If you do smoke, some companies may offer products with better premiums depending on how little you smoke, or whether you smoke cigars or pipe rather than cigarettes. You will need to discuss all of this with your agent.

There are other considerations that you will want to discuss with an agent. The point is that price is not the only consideration.

Comparing the advice of more than one agent is your best strategy to sort out the impact of those other considerations on your final decision.