Wednesday, April 4, 2007

Where is the best place to buy term life insurance?

The best place to buy term life insurance is the from the company that provides you with the least expensive premium. Most products are the same company to company, but the underwriting guidelines are different. For instance, if you have a family history of cancer, one company may charge you more. So, the key is to buy life insurance from the company that deals with your particular situation whether it's a health condition, family history or risky behavior such as piloting.

So how do you find out which company is best for you? I would suggest shopping online. Often times, people are scared of using the Internet for financial transactions. What most people don't realize is when they use the Internet for life insurance most of the time they can't really "purchase online". They must talk to a licensed agent and fill out physical paperwork before they are able to buy. They can get price quotes online, but that's about all.

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