Will my term life insurance rates be exactly the same as my online quote?

Don’t be discouraged if your term life insurance rates aren’t exactly the same as your online quote. Other factors, including COVID-19 and additional options provided by the insurance company, will influence your final life insurance rates. If you want your term life insurance rates to match your online quote, try to be as accurate as possible when shopping for life insurance online.

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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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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

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If you’re like me, you’re probably a little skeptical about getting estimated rates on anything that you research online. And with something as important to the future financial security of your family as life insurance is, I can understand why you’d be extra cautious when getting a term life insurance rate quote online.

According to a study by Life Happens and LIMRA, only twenty-two percent of people prefer to buy life insurance online, so we’re not alone.

Although reputable companies like QuickQuote make every effort to ensure their quotes are accurate and up to date, quoted rates cannot be guaranteed.

Why Aren’t Online Term Life Premium Rate Quotes Always Accurate?

Rest assured; it’s not because insurance companies are trying to do the old “bait and switch.” There are several very valid reasons why your actual premium rate may differ from the original quote you received.

If the rate provided at the time of the original quote and final approval by the insurance company is different, it’s likely because of one of the following reasons:

There could be other reasons why your rate is different, but those above are the most common.

How to Get the Most Accurate Online Term Life Insurance Quote Possible

You can better your chances of getting an accurate online quote by doing these things when completing the online questionnaire:

  • Input the correct term length and insurance amount for the policy.
  • Be honest about your age, weight, and health status.
  • Don’t lie about your tobacco and nicotine usage.

You should also discuss any past or current medical conditions or family history with the agent when completing your telephone application interview. A good agent will give you a more accurate quote based on this additional information before you decide to proceed with the application. This will help prevent any surprises when your approval comes back from the life insurance company.

If you’re unsure about how much coverage you’ll need and for how long, you can use the Life Happens Life Insurance Needs Calculator to help you figure that out. You can also get guidance from a trusted insurance professional who can answer your questions and help you determine what your family would need to avoid financial hardship if ever the unthinkable happens to you.

Ready to see how affordable peace of mind for your loved ones can be? Get a preliminary term life insurance quote now—and remember to follow the tips for getting the most accurate quote possible.

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