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Compare life insurance
When shopping for life insurance quotes, make sure to:
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Compare quotes from various insurers to get the best price possible.
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Select life insurance policies with the same level of coverage to get the most accurate comparison.
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Check the features of each life insurance policy you compare. Some policies may include free life insurance riders that provide additional features, while others may have to be added at a cost.
When you’re assessing life insurance companies, look at these three factors:
How to apply for a life insurance policy
When you’ve found the right life insurance policy, it’s time to apply. Collect the information you need before you start the life insurance application process. You’ll likely need to provide details about your current and past health conditions, as well as your family’s health history. The insurer may need your consent to get medical records and ask you to take a life insurance medical exam. Insurers also check other sources, such as MIB Group, which collects data on medical conditions, your driving record and hazardous hobbies.
When you choose life insurance beneficiaries — the people who will receive the payout when you die — be sure you have their Social Security numbers and dates of birth. You may also have to answer questions about criminal convictions and driving violations, such as a suspended driver’s license or DUI, particularly if they happened within the past few years.
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