Are you looking for discount term life insurance? If you've done a Web search for discount term life, you've probably come up with thousands upon thousands of results, not all of which are either legitimate or appealing. To find the best discount term coverage, you need to really shop around wisely. One of the best techniques we have found to accomplish this is to visit major insurance company websites and sites for quote provider sites like InsWeb and Insurance.com .
Some of the best direct providers of term life insurance include New York Life , John Hancock , Prudential , MetLife and AFLAC . Get quotes and discount information from each of them through the Web, on the phone, by snail mail or in person. Then find out if the company you prefer offers any extra features for the low price it quoted you.
After you get a bunch of quotes lined up like ducks in a row, just analyze each one carefully. Try to get quotes that closely match each other; a 20-year term quote will not compare well to a 5-year quote, and a $500,000 term policy will not match up well against a $50,000 policy.
If it's true discounts you're after, you can get rock-bottom insurance policies for short terms for as little as several dollars per month. However, think about what you might be giving up. If you outlive the policy, you won't see any of your money back. If you die during the term on the insurance policy, your beneficiaries will receive the specified death benefit - but is $50,000 enough to feed, clothe, house and provide other important services for a family? You should look carefully at how much coverage you can afford - what constitutes a "discount" now might come back to haunt your family when you die.