Leadinginsurancequotes.com is designed to make it easier for you to compare insurance quotes online and buy your policy from the comfort of home, all without spending hours on the phone with agents. Here’s how the process works.

Provide Your Information

It only takes a few minutes to start comparing life insurance quotes from reputable providers in your area. First, we ask you to provide some information. We’ll need to know your vital statistics (name, age, gender, address, etc.). Then, we’ll ask you about your health and medical history, and the medical history of your family. For example, you’ll need to list the incidence of cancer and premature deaths of your family members. Finally, we’ll need to know if you have any recent traffic convictions. This is used to partly determine your lifestyle and risk level. Insurance premiums are based on a series of risk factors, that is, the likelihood of your death due to age, illness, lifestyle, and family history. Insurance companies factor in the type and amount of coverage you desire, along with your personal history and information, to determine the actual cost of providing you with life insurance. Read the rest of this entry »

With our instant insurance quote service, it is easy to choose the cheapest quote for life insurance coverage. Once you have chosen a company, however, there are ways to make your policy less expensive no matter what risk group you belong to.

Buy Early

Buying a life insurance policy early in life is the best way to save money on premiums. Your risk of death increases steadily with age, so the younger you are when you purchase your coverage, the lower your rates will be. This is not only because you are in an age group with a lower risk of death, but also because the insurance company has much longer to collect an amount equal to or greater than your death benefit amount. If you pay $500,000 total in your lifetime for a life insurance policy, your payments will be much less if you spread this over 60 years than over 20 years. Especially with fixed rate policies where your premium is guaranteed to remain steady for life, you’ll have access to lower rates by applying for coverage when you are in the lowest risk group possible. Perhaps the most cost-effective strategy is to buy life insurance for your children as soon as they are born. At that point, their risk of death is very small and due to lack of medical and lifestyle factors, they will have access to the best possible rates. Likewise, if you’re looking for your own coverage as an adult, keep in mind that for every year you put off buying coverage, your risk category goes up and your costs will be higher for the duration of your coverage. Read the rest of this entry »

To get instant life insurance quotes on leadinginsurancequotes.com, you only have to provide your information once and we’ll search hundreds of insurance providers in your area to find you the best rates available. It used to be that comparing the rates of different insurance companies required hours on the phone and long waiting periods, but the internet has made this process much easier by providing you with centralized locations to start your search.

Reputable Companies

There are several national firms that specialize in reviewing insurance companies for their customer service, longevity, and financial stability. Although we search hundreds of companies for our rate comparisons, we only include companies that have received favorable ratings and have established themselves as reliable, customer-friendly providers. Read the rest of this entry »

Quick, No-Obligation Quote Service

Leadinginsurancequotes.com offers a free insurance quote service, which searches hundreds of insurance providers available in your area and provides the best options for premiums. Our quote service is quick and easy to use. You provide basic information about your location, vital statistics, health, family history, and desired coverage type, and we use that information (you only have to enter it once) to search all of our partner companies and obtain instant quotes. Within a few minutes, you can start comparing rates and narrow your search for the best, most affordable insurance provider in your state.

Company stability is a major concern with life insurance, because most life insurance policies span multiple decades and you need to be assured that your company will not perish before your loved ones need to claim your death benefits. When you get quotes from LIQ, you are safe in the knowledge that we’ve pre-screened all of our partner companies for stability, longevity, and strong customer service. We only suggest high-rated companies so hopefully you’ll never have to worry about losing your coverage 20 years down the line after paying several thousand dollars into your policy. Additionally, it is much more economical to buy life insurance at an early age, and having to start over with a new policy years later can undo all the good you’ve done by thinking ahead right now. We do our best to pair you with the most reputable companies, offering the best price for the coverage you need. Read the rest of this entry »

Paying into a life insurance policy for several decades can be a big risk if you aren’t sure your company is reputable and stable. The biggest issue is that you might not find out your insurance company is unreliable or financially unstable until your family tries to make a claim on your life insurance policy, and that will be too late for you to make a different selection. Because most people only buy one life insurance policy in their lifetime, it is best to spend extra time researching the different companies before you choose one to entrust with your life.

Leadinginsurancequotes.com pre-screens all of our partner companies to assure that we only recommend highly-rated insurance carriers to our customers. When you go through our quick insurance quote service, we search hundreds of companies and present you with the best options for coverage in your area.

The Effect of the Economic Downturn on Insurance Companies

The recent economic downturn has put many major companies in danger of going under, and many have already succumbed. On the part of consumers, however, the downturn has also been a useful tool for measuring the resilience and stability of the various insurance providers. Companies that are still going strong in the worst economic climate in decades have a better chance of still being around in the decades to come. This doesn’t mean that any company that made it through the past few years will always be around, it simply means that the remaining companies are clearly not the most vulnerable to economic changes and have already demonstrated a certain level of stability. Read the rest of this entry »

When you request a life insurance quote on Leadinginsurancequotes.com, we search hundreds of national and local insurance companies at once and provide you with the best rate options for your area. By providing your information just once, you will have access to multiple quotes without spending hours on the phone talking to agents.

Here’s what we’ll need to know to calculate your rate quotes online:

• Basic identity information (name, location, contact information)
• Medical history (may include family medical history information such as cancer prevalence and premature deaths)
• Traffic convictions
• Desired policy type

Once you provide this simple information, which usually takes under 10 minutes, you will get instant rate quotes from leading insurance providers. If you aren’t happy with any of the rates quotes offered, you can try choosing a different type of policy.

Research the Company

Before you make a final decision on an insurance company, do some research about the company’s customer service and financial stability. While a small company may offer you a better premium rate, it might be safer to opt for a company that’s been around for several decades and demonstrated stability. Fitch is a business rating firm that provides authoritative ratings of insurance companies. Standard & Poor is another business assessment company that provides annual reviews and a comprehensive list of insurance company rating criteria, which can be a helpful guide when you’re doing your own research about an insurance provider. The most well-known and widely-used insurance rating firm is A.M. Best. Their annual publication Best’s Insurance Reports gives companies a grade ranging from A++ (excellent) to F (very poor). Leadinginsurancequotes.com only recommends companies that receive at least a B+ rating from A.M. Best. Most of the rating firms also provide information for consumers on what to look for when researching a company on your own, as well as what factors were evaluated to come up with an overall rating. Read the rest of this entry »

When you receive online life insurance quotes from leadinginsurancequotes.com, we search several major companies and provide you with the best options for coverage in your area. Although our system is set up to deliver the most accurate quotes possible, “quotes” are not the same as “rates.” Your insurance “rate” is your exact premium payment calculated by your insurance company after completing a thorough risk assessment.

Why Do You Want Life Insurance?

The most common reason for buying life insurance is to cover the actual costs of your death, such as final medical bills and funeral/burial costs. However, individuals may choose to buy life insurance for other reasons. For example, term life insurance is designed to last for a specific amount of time, and if the insured dies during that period, the beneficiaries will receive the policy’s death benefit amount. Some people may choose to purchase term life insurance only while they are paying off a specific debt, such as a mortgage. If you die unexpectedly and are not covered by life insurance, your surviving family members will take on the financial liability of your debts. Term life insurance is a good option for this circumstance.

Permanent life insurance policies (including whole life, universal life, and variable life) are designed not only to provide a death benefit amount to beneficiaries, but also to act as an investment vehicle. With these policies, the insured can earn money from investments made by the insurance company on his/her behalf. Normally, the insured is guaranteed a minimum income from these investments, although this is a small amount (around 4%). While this type of insurance policy is a relatively safe investment, it is not highly recommended as a single source of secondary income or savings. The primary benefit of any life insurance policy, regardless of its investment potential, is the death benefit amount paid to beneficiaries after your death. Read the rest of this entry »

Leadinginsurancequotes.com has an easy form for you to request life insurance quotes. We search several reputable companies and provide the best options for your state. In this article, we provide helpful advice to guide you when comparing life insurance coverage online.

Choosing a Type of Coverage

There are many types of life insurance to choose from. You do not have to purchase your own life insurance policy. Someone else (such as a parent or spouse) can also purchase an insurance policy on your behalf, making that person the “owner” of the policy. In this case, the risk assessment will still apply to the insured person, not the person purchasing the policy.

The two basic classifications of life insurance are “term” and “permanent.”

Term Life Insurance

Term life insurance lasts for a predetermined amount of time. For example, if you purchase a 20-year term life policy and you die during that 20 years, your beneficiary will collect the death benefit amount specified in your policy. After the term expires, you usually have the option of renewing your coverage for another term at a higher premium rate. If you fail to make premium payments, your coverage will lapse. Also, if you don’t renew at the end of your policy’s term, your beneficiaries will not collect any benefits upon your death. Term life insurance is popular for people who have a specific debt and they want to prevent their surviving family members from taking it on. In this case, they may purchase a term life policy that spans the life of the debt. Read the rest of this entry »

Term Life Insurance

Term life insurance spans a predetermined amount of time at a fixed premium rate. A term life policy pays a specific death benefit amount to your beneficiary if you die during the term of the policy, regardless of how much you have paid into the policy in premiums.

Term life insurance is a good option if your goal is to protect your beneficiaries from specific debt. For example, if you take out a 20-year mortgage, you may get a type of term life coverage called “mortgage insurance,”  to assure that nobody will take on your mortgage debt if you die before the mortgage is paid off.

Premium payments for a term life policy remain constant throughout the term. Once the term expires, so does the coverage. Many term life policies are renewable, but as age increases, so does the risk of death, and therefore you’ll be subject to higher premiums when you renew your term life policy. Read the rest of this entry »

The main goal of a life insurance policy is to cover funeral costs and outstanding debts and expenses when a person dies. These costs would otherwise become the responsibility of surviving family members. Thus, life insurance names a beneficiary, or a person who will collect on the insurance policy after the death of the insured. Life insurance benefits can either be paid to a single person (such as a spouse) or divided among multiple people (such as the insured’s children).

There are 2 major types of life insurance, “term” and “permanent.” Permanent life insurance is further divided into 3 types, each with a unique structure. Term life insurance is a temporary policy, lasting for a predetermined number of years. The other 3 types, whole, universal, and variable, are all considered “permanent” because they are designed to be in force for the remainder of the insured’s lifetime.

Term Life Insurance

• Fixed premium payments
• Limited term; must be renewed to maintain benefits if policy has not been cashed in by the end of the term
• Fixed benefit amount no matter when the policy pays out

Term life insurance is the cheapest type of life insurance policy. With term life insurance, the insured pays a set premium for a set amount of time, and if he/she dies during that term, the policy benefit amount will be paid to beneficiaries. The premium never increases or decreases during the term of the policy, and the maximum policy benefit also remains constant no matter how many premium payments are made. At the end of the term, which can be anywhere from a year to several decades, the insured person must renew the policy for another term. If the insured outlives the term of the insurance policy, benefits are not paid out automatically, and the policy does not remain in force unless the insured chooses to renew for another term. If the policy is renewed, premiums for the new term will increase because the risk of death increases with age. Read the rest of this entry »