Getting life insurance quotes may be very stressful but getting life insurance may just be one of the best decisions you’ll ever make.Why? Well, simply placed – if worse comes to worst and you pass away unexpectedly, your family will be able to maintain the same standard of living they’ve become accustomed to. Then again, if you’re diagnosed with a critical illness or if you become disabled, your life insurance policy will ensure that you’re taken care of financially.
No wonder then that most banks now also require that you have life insurance in South Africa in place before they’ll approve a home loan or finance a vehicle. Choosing and maintaining a life insurance policy is an important part of financial planning, especially if you have family members depending on you for income.
Various carriers will ask different questions and emphasize various things for pricing purposes, the life insurance quotes you get on life insurance policies can cover a huge range. That means comparison shopping is the only way to be sure you’re getting a good deal on your life insurance.
If you’ve ever done a quick search on Google to compare life insurance quotes, you’ll know that many of the top results may render more marketing copy than informative results. You may have to hunt to find answers to basic questions about term insurance quotes, such as: About how much will my premiums be if I’m a 32-year-old, healthy, non-smoker? Before you can find an actual informative result.
Hitting a series of insurance company websites one by one to compare life insurance quotes can take hours and may not get you accurate results. For one thing, the quotes you receive may not be based on the same coverage levels, making one policy look more or less expensive than it truly is.
Unless you have an overabundance of time and patience, you’ll need to be more informed on how to exactly go about getting life insurance quotes. The right tool can make your life insurance policy research quick, productive, and frustration-free. Keep the following tips in mind as you look for the best comparison tool for life insurance quotes.
Choosing a Comparison Tool: Know Which Features Matter
1. Look for policy pricing transparency
Term life insurance isn’t a one-size-fits-all product, and your web research should reflect that. If a website with term insurance quotes only shows a single price—rather than a range of possible premium rates—you’re probably not getting the whole story. Don’t waste time on a website that won’t allow you to easily compare life insurance quotes from potential insurers. Know if your life insurance broker offers policies that match your budget and objectives before you buy your policy online.
2. Don’t ignore incomplete company profiles.
A website offering only a name, an 800-number, or an email as their company information may not be the most reliable source when it comes to finding you the answers that you need. Don’t trust recommendations that omit critical information about insurers such as Better Business Bureau ratings. These are invaluable pieces of information that you’ll need to be certain that you’ll be dealing with a top-rated insurance brand.
3. Don’t surrender your personal details before getting a quote.
A website that requires you to enter extensive personal information before accessing general information on policy offers is emphasizing sales over service, and you’ll probably find more reliable information elsewhere.A website that doesn’t provide a basic summary of available policies (unless you opt-in for a sales call) is the equivalent of a used car salesperson offering a special deal if you step inside their office.