The Complete Life Insurance Quotes Guide

About Life Insurance Quotes

Life insurance quotes are estimates of what life insurance providers will charge you for a requested amount of coverage. They use the same major factors as the actual life insurance rates during calculations, so the numbers come out very similar. Not exactly the same, but close enough that you can compare the prices of each company to get a relative idea of who will offer you the lowest rate. Use them for comparison shopping and you are sure to get a better deal on life insurance.

Step 1: Assessing Your Life Insurance Needs

To get the right life insurance, you have to get an accurate idea of what life insurance you need. Start by looking at some basic information.

First, do you have children or are you planning on having children? If so, how many? The cost of growing up in the United States keeps increasing, so make sure that you leave them with enough money to cover their cost of living while they grow up. You don't want to put that burden solely on their other parent or on the child's head. College may also be a huge cost. Student loans can cripple a person, and you can't rely on kids getting scholarships, no matter how brilliant and hard working. Marriage might also be in their future. Put in some money for the wedding!

Second, think about the lifestyles of those you leave behind. Does your spouse work? There are going to be so many bills to deal with, do you really want them to be worrying about finances for the rest of their life without you? It may be possible to give them a worry-free lifestyle after you are gone. You might even think about providing funds for your spouse's retirement!

Next, if you have any accumulated debt, make sure to include at least enough death payout to pay it off. Examples of debt are mortgages, loans, and credit cards. If you don't have a mortgage yet, think about 10 or 20 years from now. You might actually have more debt by then.

Lastly, funeral costs are the most basic function of life insurance. Still, they can be considerable, because you are going to have to pay for a reception and everything on top of the cemetery and any religious service you may be having.

Step 2: Provider List

Our site maintains a list of providers in your area. Look through it and get consumer reviews of each company.

Step 3: Quotes

Get life insurance quotes from each company you are interested in.

Step 4: Compare

Last, just compare the rates and details of the policy.