A cottage industry of life insurance term quotes has sprung up on line. Your time may be better spent skipping this because:
- Genworth Life and Annuity has the best term insurance. Genworth’s rates are rock bottom low, and conversion is to a fixed rate universal life (UL). No one else has that. The same carriers, including Genworth, show up over and over again as the lowest priced. Term conversion is the holy grail besides low price. It’s plan B, and Genworth has the best one. Genworth came out with this Term UL about a year ago, and as far as I’m concerned, it’s game over as to Genworth being the best, until someone decides to compete with their UL conversion.
- Quote engines don’t provide the consumer with enough information to adequately figure out their rate classification. Best rates a viewable, but what rate class are you really: preferred plus, preferred, standard plus, standard, or substandard? Height and weight are only the beginning of the story. Agents are the ones who know that information. You’ve got to circle back to them anyway.
- Quote engines have agents contact you, but provide no quality control on those agents. It’s still up to you to choose an agent that is experienced, looking out for your best interest, and one that will follow up with you as the years go by. You’d be better off Google searching life insurance agents and brokers. Look for an independent agent and broker that has been in the business for years and represents multiple carriers. It doesn’t have to be a local agent. You can get quotes and illustrations emailed and go over the particulars by phone.
With instant quotes, you can get a ballpark price, but skip the speculation and contact me for your own personalized quote and recommendations.