No hassles, and no headaches. Just free life insurance quotes. Instantly.
Secured with SHA-256 Encryption
Why Choose QuickQuote for Life Insurance?
Get the best rates by comparing quotes from the nation’s top life insurance companies. 100% free.
Provide some very basic info and get instant life insurance quotes. No hassles. No charge.
Apply online and sign electronically at your convenience. No paperwork and no meetings with an agent.
How Much Do I Need?
Will I Qualify?
No Spam. Ever.
We respect your inbox and voicemail. And your privacy in general, really. Which is why we won’t bother you.
72% of Americans overestimate the cost of life insurance by an average of 3x the actual cost!
Based on the 2019 Insurance Barometer study by LIMRA
Answers to Your Life Insurance Questions
What is life insurance?
Life insurance is a contract between an insurance company and the insurance policy owner. The insurance company pays a cash amount (called the coverage amount or death benefit) to the beneficiary(s) named in the policy upon the death of the insured person named in the policy.
A few reasons people buy life insurance are to provide financial security for their family, fund business continuation and pay estate taxes.
How do I determine the amount of life insurance I need?
Your coverage need depends on your individual circumstances. Factors you should consider include anticipated final expenses (e.g. medical bills and burial costs), living expenses for your surviving family members, any outstanding loans (e.g. auto and credit cards), the outstanding balance on your mortgage, anticipated education costs for your children, estate taxes, and business continuation expenses.
A simple way to achieve a “starting point” is to take a multiple of your annual income and adjust for the factors listed above. We recommend ten times your annual income to start. Keep in mind that your needs will most likely change over time and what seems like enough today may not be adequate in ten years. It is usually best to purchase an amount you can afford while at the same time considering future needs.
Most insurance companies allow a certain multiple of your annual income based on your age and are usually flexible if you can demonstrate other needs. The amount you choose is up to you for the most part; however, you will need to justify amounts over and above a company’s income multiple guidelines.
Take a look at our Life Insurance Needs Calculator for help determining how much coverage you need.
What are the different rating classes and what do they mean?
The rating class is the risk category which you qualify for through underwriting. The underwriter will take your information and compare it with the company’s guidelines. This comparison allows the underwriter to place you in a group of people with similar risk characteristics.
Common rating classes are Preferred Plus (also called Super Preferred), Preferred, Standard Plus, Standard and Substandard. The rating class determines how much you will pay for your policy, with the least expensive being the Preferred classes and the most expensive being the Substandard classes.
How do I apply for life insurance?
Start by comparing quotes from the top life insurance providers. Get Free Life Insurance Quotes now!
Our Latest Life Insurance Articles
Waiting too long to get term life insurance quotes could be a big mistake if you don’t outlive your life insurance waiting period. How long do you have to have life insurance before you die? There will be an assortment of variables that determine how long you’ll need life insurance before your insurer will pay…
The vast number of life insurance options on the market makes it hard to choose the right insurer and policy. Let’s examine American National vs. Foresters Financial life insurance companies to see if either fits your needs. American National and Foresters Financial both sell popular life insurance products including term life insurance, whole life insurance,…
Choosing term conversion rider life insurance can help you save money without worrying about whether you need term vs. permanent life insurance. Buying life insurance doesn’t have to be hard. We’ll guide you through the pros and cons of converting term life to whole life or other permanent life insurance options. Wondering if you’ll qualify…