Term Life Insurance Quotes Vary
Term life insurance companies
are many, but there is only one you. Yet when you contact several companies for term life insurance quotes, you can get quite different quotes.
Obviously, you – an individual
buyer of a term policy – are evaluated differently by each company. This can be
disconcerting, sometimes rather annoying, but in the end it is to a consumer’s
advantage. The different weight that companies give to health insurance factors
means that if a person can match his strengths as an insurance buyer to a
company looking for those strengths, he can come out ahead on the premium he
TERM LIFE INSURANCE QUOTES VARY
For example, if an insurer is
looking for non-smokers – and who isn’t? – and you are a non-smoker, you are
considered an attractive candidate and the premium will reflect it. But if you
also have a genetic heritage of heart attacks at age 45, the advantage
disappears and so does the lower premium. Insurance companies are not in the
business to make gifts to term life insurance buyers; rather, they are guided
by actuarial considerations that reduce long-term business risk.
So a person’s health history,
his family’s health history, his history of risk-taking – Evil Knievels are
generally frowned upon – his age, and other personal factors will place a
person in a certain premium category and the term life insurance quotes he
receives will reflect this placement. Yet even this isn’t cut and dried: Some
insurance companies evaluate risk differently than their peers and will, for
example, not penalize tobacco users to the same degree in assigning premiums.
All this means that term life insurance buyers should shop around. An independent agent or a broker of
several insurance companies can offer a variety of choices. The Internet is a
boon for finding term life insurance quotes, with preliminary information on a
world of premiums and companies on the screen. Yet when it comes to actually
picking a policy, working with an insurance agent with whom a buyer can sit and
talk at length is the more satisfying course.
Term life insurance quotes
are a one-dimensional label stuck on insurance policies that are an incredibly
complex product offering. The quotes reflect actuarial, marketing, and
face-value considerations and essentially are dollars-and-cents figures that
ensure both buyer and insurer are well-served by a policy. A quote is a price
point that assures a policy’s beneficiaries that they will be paid because the
seller will be able financially to pay them.
LEARN MORE ABOUT PARAMOUNT LIFE INSURANCE
Paramount Life Insurance is a diversified online insurance brokerage. At our site you can review policies, get quotes, and apply online. For a policy review or free quote, please call us today at 888-488-2382!