Frequently Asked Questions about Online Term Life Insurance Rates

What are online term life insurance rates?

Online term life insurance rates are estimates of the premiums you will pay for a term policy with a particular insurer that you can obtain through the Internet. These rates usually express your premiums on an annual or semi-annual basis. You can get rates on term policies of any amount through our site.

What determines my term life insurance rates?

Your age, health status, lifestyle, and amount of coverage will all influence your insurance rates. Online term life insurance rates also vary considerably among different insurance companies. Term life policies can usually provide the most affordable rates of all types of life insurance.

Who provides the quotes?

We are not an insurance company, so we do not actually provide the quotes. Instead, we work with most of the major life insurers to bring you offers from several companies at once. A few of the companies that participate in our network include Northwestern Mutual, AIG, MetLife, Prudential, and many others.

How much life insurance protection do I need?

The answer to this question will vary considerably from person to person. The rule of thumb is to purchase a policy with a face value of 6-10 times your annual income. You should also consider how many dependents you have, the standard of living you want your beneficiaries to have, the amount of debt you carry, and the age of your children, if you have any. You can compare policies of differing face values when you research online term life insurance rates.

Do I still have to take a medical exam if I only need a small policy?

This will depend on your age and your insurer. Typically, if you are applying for a policy of $50,000 or less and are under a certain age limit (usually 50), then you will not have to submit to a medical exam. Your online term life insurance rates will be based solely on a medical questionnaire and statistical mortality rates for your demographic.

If I smoke or drink, will I have to pay higher online term life insurance rates?

Yes, life insurers charge higher premiums for tobacco users. Similarly, if you drink more than just socially (one to two drinks per day), then you will also pay more for your life insurance.