Getting an Instant Term Life Insurance Quote:
A Closer Look
When shopping for term life insurance, you may see offers
for “quick quotes” or forms for getting an instant
term life insurance quote on the Internet. And, while these
instant life insurance quote calculators can be useful for
getting a ballpark estimate on what you may pay, it takes
more than a quick quote to get an accurate rate. Among other
things, you’ll need to speak to a licensed agent who
will gather an in-depth profile of your health history, learn
more about your coverage needs, and arrange for a
free medical exam
(a requirement for medically underwritten life insurance).
Quick quotes: a first step in the process
Companies often engage consumers with an instant life insurance
quote or quick quote that is based on very little information
about you. The fact is, the initial estimate is merely a
preliminary step in the process. Ron Harris, president of
Matrix Direct, one of the nation’s largest direct marketers of
term life insurance, points out that every accurate term life
insurance quote requires a discussion with a licensed agent and
the completion of a medical exam. “People get a quick
quote online and think it’s accurate, or very close. But
it often isn’t. They must still talk to a professionally
licensed agent and take a brief medical exam to get an accurate
term life insurance quote. It can be an unwelcome surprise to
think the rate is going to be one thing, then find out later
in the process that it’s higher.”
Identifying your rate class - and premium
Medical exams pinpoint certain aspects of your health situation
to determine the exact rate class. A simple blood test and urine
sample measure cholesterol levels or screen for problems such as
diabetes, liver or kidney disorders. Talking to a licensed agent
can help to get a more accurate picture of lifestyle factors that
are part of your profile. All of these data points are used to
identify your rate class and ultimately your premium. “Sometimes
premiums end up the same as an instant term life insurance quote,
sometimes higher, sometimes lower. Until all the information is
collected, there’s no way to know the exact premium,” Harris says.
The more time an insurance professional takes to learn about you,
the better off you will be-- not only by helping to identify your
accurate rate class, but by providing the information you need to
determine the appropriate amount of coverage for your situation
and the length of time for which you will want to keep your policy in-force.
Matrix Direct: We’re here to help
Matrix Direct is staffed with licensed life insurance agents
who are ready to assist you with your
term life insurance quote. Conveniently available by phone,
our team of friendly, knowledgeable agents listens carefully to
your specific objectives, asks the right questions, provides
straightforward information, and guides you through the application
process. Join the more than 1.4 million people who have already
contacted Matrix Direct for assistance with their life insurance needs.
