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18 Questions to Ask When Getting Term Life Insurance Quotes

If you’ve already decided to protect your family with life insurance, you’re probably aware that the smartest way to find the best coverage is to compare term life insurance policies side-by-side online. It’s also wise to ask questions before and after you get your term life insurance quotes.

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We’ve put together a list of some basic and not-so-basic questions to consider when shopping for life insurance. While all of these things are worthy to know, not all of these questions may pertain to you and your family.

1. What is the financial health of the company that is giving me a term life insurance quote?

A strong prospect for future financial solvency is a key requirement for any insurance company that you purchase a policy from; their ability to provide a death benefit to your loved ones hinges on their longevity as a company.

Quotacy only works with insurance companies that receive top ratings from A.M. Best, an independent rating agency that looks at the financial strength of insurance companies and provides a letter rating, indicating their credit worthiness. Ratings run from A++ (best) to D (worst). Each life insurance company Quotacy works with has an A- rating for better.

2. Have I reviewed several term life insurance companies’ customer service ratings?

High customer service ratings are essential for you to be able to rest assured that your term life insurance purchasing experience is a positive one.

Quotacy searches for insurance companies that have received the highest customer service ratings from J.D. Power, the leading customer service ratings agency.

You don’t need to spend hours searching the web for these ratings. Quotacy put together a ratings guide of the top insurance companies for you here:

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