4 Critical Tips When Life Insurance Comparison Shopping

This is a guest post by Jeff Rose from lifeinsurancebyjeff.com.  Jeff is a certified financial planner and an Iraq combat veteran.
It can be frustrating and confusing going from website to website searching for the best life insurance rate. The truth is that life insurance rates are the same no matter what agent or agency you use. We all use the same published rates.

The key in securing the best life insurance rate is using an agent with the experience and ability to find you the best life insurance companies that will look most favorably at YOUR individual health and lifestyle.

Each company has different underwriting guidelines. For example, you may qualify for standard rates with Company "ABC", but with Company "XYZ" they may offer you preferred rates. There's no way for a consumer to know this by just using an instant life insurance quote engine, especially if there are any health issues involved.
We suggest contacting an experienced independent life insurance agent who will work to find you the company will look at you most favorably.
We don't always expect our website to be the only site you visit, so let me give 4 critical tips when life insurance comparison shopping:
1. Stay away from entering your information into websites where there is no information about the company.  Specifically  you want to make sure a phone number is prominently displayed and that there is an address on the contact page.  If there's not, there's a huge chance that it's data mining sites disguised as a life insurance website. Your information will be sold to multiple life insurance call centers as a lead and you will be barraged with phone calls. These websites are everywhere, beware!
There are several ways that you can ensure that the website that you’re using is legit. The easiest way is to simple Google the company and see what comes up in the search. There are dozens and dozens of sites that will show you reviews of the company and any comments that previous users have made about the site. If you see that previous customers have given the company positive reviews, then you can be safer about entering the information.
The next way is to look at the BBB and search for the company name. If nothing comes up, then you should seriously consider using a different site. While not ever company/site is listed by the BBB, it can be a good indicator of which companies are legit and won’t sell your information. Once you go to the BBB, you can also see the reviews of other people.
2. Beware of the life insurance industry's version of bait and switch: Quoting you a lower rate than you can qualify for, just to get you to complete an application and medical exam, unless you have chosen a no medical exam required life insurance policy. When the rate comes back more expensive, most consumers take it because they have already invested the time and energy.
3. Don't jump at the best instant quote rate. You may not qualify for that rate or you may even qualify for a better rate. No matter what, you will have to speak with a licensed agent to complete the application, so make sure it's with an experienced independent agent and not a call center.
When contacting our agency, we'll always be straightforward and honest with you.  We'll recommend the life insurance company that will give you the best rates on the market.   We can also recommend where to buy life insurance online.  Then it's up to you.  No sales pressure.
4. Make sure you’re buying enough life insurance. Before you buy life insurance, regardless of which company that you choose, it’s important that you get the right amount of coverage for your family. There are several different categories that you should account for when calculating your life insurance needs.
The first number to look at is any debts and other bills that your family would be responsible for after your passing. The primary goal of your plan is to give your loved ones the money that they need to pay off all of your debts. It’s important that you don’t leave them with a mountain of debt if something tragic were to happen to you.
The next number that you should look at is your annual income. If you’re one of the main sources of money in your home, your family would be left with a massive amount of debt if something tragic were to happen to you. Your life insurance coverage will give your family the money that they need to replace your income without sacrificing their standard of living.
Not having enough life insurance coverage is one of the worst mistakes that you could ever make for your loved ones. When you’re comparing dozens of different policies from companies, it’s vital that you know how much life insurance you’ll need.

Bonus Tip: Getting Cheaper Life Insurance Coverage

One of the most common reasons that people don’t have the insurance protection that they need is because they assume that life insurance is too expensive. In most cases, this couldn’t be further from the truth. Regardless of your health or any pre-existing conditions, there are several ways that you can secure lower premiums from the insurance company. I have a couple few simple lifestyle changes that you can make to trim down your rates and keep more money in your pockets.
The first thing that you should do is quit smoking. If you’re a smoker, you’re at a much higher rate of being diagnosed with severe health complications, which means that you’re going to be a great risk to the insurance company. Smokers are going to pay around twice as much for life insurance versus what a non-smoker is going to pay. If you want to save hundreds of dollars on your plan, you’ll need to kick those cigarettes to the curb.
On a similar note, if you smoke cigars or use chewing tobacco, it’s important that you find a company that’s going to give you better rates based on your tobacco usage. There are some companies that view occasional cigars or chewing tobacco more favorably. Those companies are going to give you much better rates for your insurance plan.
The next thing that you should do if you want to save money is to start hitting the gym. Exercise is going to help you lose weight, lower your cholesterol, and reduce your risk of having heart problems or being diagnosed with diabetes. If you want to save money on your monthly payments, it’s time to start lacing up those running shoes.
The next thing that you should do is stick to a healthy diet. Just like with exercise, a diet will help you shed any extra pounds, lower your blood pressure, lower your cholesterol, and improve your overall health. Switching out the junk food for veggies is not only going to help your waistline, but it will help your bank account as well.
The best way to save money on your life insurance plan is to compare dozens of quotes before you decide which one is going to work best for you. The whole point of this article was to give you tips when comparison shopping, which is one of the best ways to ensure that you’re getting the best plan. The independent insurance agents at TermLife360 have years of experience working with all kinds of applicants. They have helped people connect with the best life insurance plan.
We understand that this is a long term commitment to protecting your family and there are plenty of outside variables you need to consider when determining the right term length and the right amount of coverage.
Our recommendation when comparison shopping for life insurance is to use an experienced and independent life insurance agent.
At TermLife360.com, our agents are all experienced life insurance agents and we have access to over 60 life insurance carriers.  We'll match your risk with the best rates you can qualify for.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family members would be responsible for a massive amount of debt and other final expenses. Losing a loved one is never easy, but being left with thousands and thousands of dollars is going to make the situation a thousand time worse. A life insurance plan will give your family the money that they need to pay off all of those debts and other final expenses.
If you have any questions about getting insurance coverage, or about comparing different companies, please contact us today. We would be happy to answer those questions and connect you with the best plan to meet your needs. It’s our mission to help you get a quality insurance plan at an affordable rate.