New Year Brings Lower Term Life Insurance Rates

Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

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Written byTim Bain
Founder & Life Insurance Agenthttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/quickquote-live/2020/03/tim-bain.jpeg

UPDATED: Feb 25, 2020

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We’re barely a fortnight into 2008, yet we’ve already seen downward movement in term life insurance premiums from several major life insurance companies. The following companies have all reduced premium rates so far this year.

AIG American General Life Insurance Company – Overall rate decrease of 3 percent. Significant reductions in specific categories, such as 40-year old males.
Pruco Life Insurance Company (Prudential) – Premium rate reductions of 1 to 2.5% for product terms 15, 20 and 30.
West Coast Life Insurance Company – Significant rate reductions in the Standard rating class.

Right now is a very good time to take a look at term life insurance quotes.

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Applications for life insurance on QuickQuote.com are made through QuickQuote Financial, Inc. or through its designated agent, Timothy S. Bain, only where licensed and appointed. License numbers are available here and are automatically provided where required by law. QuickQuote's National Producer Number is 1927227. Timothy S. Bain is a licensed life insurance agent in 49 states, including the District of Columbia, and his resident state of Nevada. Timothy S. Bain's Nevada license number is 45949; in California, 0D23811; in Louisiana, 274924; in Massachusetts, 1762164; in Minnesota, 20267005; in Texas, 1092088; and in Utah, 134031.