Why Get Life Insurance

Affordable Life Insurance Quotes Online

This article provides three tips to consider before you start shopping online for life insurance so you will be smarter and more prepared for your online experience.

3 Tips When Shopping For Affordable Life Insurance Quotes Online

When it comes to shopping for life insurance, many people are going online to find affordable rates. Why? Because shopping online for life insurance is an easy and convenient way to compare quotes without having to drive around town or spend hours on the phone with an agent or call center. And if the price is too high or if you don't like the coverage, you can simply move on to another insurance company's website with a click of your mouse.

Be smarter about shopping for affordable life insurance quotes online and consider these three tips before you start gathering quotes or deciding on a policy.

Tip #1: Know how much you need.

Many people may be jumping on the computer and plugging in round numbers without asking themselves, “ How much life insurance do I need?” Resist the urge to go shopping until you do the math. Otherwise, you might end up with an inexpensive policy that doesn't pay out enough to cover the needs of your loved ones.

For an estimate on how much you might need, begin by using a life insurance calculator to get you started. Keep in mind these calculators are only an estimated assessment, and for a more detailed analysis you should consult with a financial advisor or licensed insurance professional.

Tip #2: Know what policy options are available.

Many life insurance policies offer various options that can be purchased at an additional cost. These “add-ons” include policy riders or endorsements that can greatly enhance your coverage.

For example, some policy riders will allow you to purchase more insurance at a future date without a medical exam. Others, such as an accelerated death benefit rider, will allow you to use your life policy's death benefit for medical bills in the event you are stricken with a terminal illness. Be sure to research what options you can include in your quote, and whether or not they are right for you.

Tip #3: Get quotes from a reputable company.

A great quote from a company with a less-than-healthy financial history isn't necessarily a good deal. Imagine paying on a life insurance policy for years and then, when you or your loved ones need it the most, finding that the company doesn't have the funds to pay your claim.

Get quotes from companies that have been around for a while. Look around on their websites and read a bit more about the company and how long it has been in business, and check on its insurance company rating.

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.

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