Get the best quotes from top rated life insurance companies

Life insurance protects your family in the event of your death, by providing a death benefit that can help pay off the house, pay for college tuition, pay for medical and funeral expenses, and help the family stay solvent. Because life insurance is so important, you want to make sure you’re getting the best quote from a top-rated life insurance company.

Get the best quote

Follow these tips to get the best life insurance quote:

* Decide what kind of life insurance policy you want. The two main types of life insurance are term life insurance and life insurance. Term is cheaper because it is only life insurance – when the insured dies, the beneficiary receives the face amount of the policy. Whole life insurance combines life insurance with an investment component. You pay part of your premium for the insurance, the rest is invested.

* Buy insurance when you are young and in good health, especially if you want term life insurance. As you get older, your premium increases.

* Do not use tobacco. If you do use tobacco, stop using it.

* If the insurance company requires a medical examination, schedule it for the morning. Your blood pressure, cholesterol and stress level will then be better.

* If possible, request your insurance towards the end of a quarter or year, when insurance companies are trying to meet sales quotas.

* Comparison shop. Rates for the same life insurance coverage can vary widely, so check different carriers. The best way to compare is to visit an insurance comparison website where you can get quotes from multiple companies. The best of these sites allow you to chat online with insurance professionals who will answer your questions (see link below).

Choose a top-rated company

Once you have rate quotes from several companies, you will want to research the companies so that you can choose a top-rated company. The Internet is a great resource for researching insurance company reviews. Two of the better sites to check a company’s rating are:

AM Best (ambest.com)

AM Best rates insurance companies based on their ability to pay claims, their creditworthiness and their ability to pay their debtors and shareholders.

Your state’s insurance department

All states have a website for the Department of Insurance, and most list complaints filed against insurance companies. If your state does not list complaints, you can go to the California Department of Insurance website – http://www.insurance.ca.gov – to get this information.