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Term life? How to buy?

Discussion in 'Off Topic Threads' started by new loader, Mar 10, 2013.

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  1. new loader

    new loader Member

    Joined:
    Jan 29, 1998
    Messages:
    498
    What is the best way to shop for term life insurance? Is it all online now? I have some 20 year policies expiring and want to replace them. Anybody here sell or had recent buying experience? Indiana resident if that matters.
     
  2. bossbasl

    bossbasl Well-Known Member

    Joined:
    Jan 20, 2013
    Messages:
    807
    Get several quotes, especially from Northwestern Mutual and New York Life.

    Lyle
     
  3. roaddawgdriver

    roaddawgdriver TS Member

    Joined:
    Jan 18, 2010
    Messages:
    9
    I buy all mine from Zander Insurance.
     
  4. GBatch_25

    GBatch_25 Active Member

    Joined:
    Apr 1, 2008
    Messages:
    2,339
    Location:
    Illinois
    If I were buying term life insurance, my concerns would be primarily 2 things:

    1. Is the life insurance company a top rated company ? Check A.M. Best and other sources. http://www3.ambest.com/lh/default.asp

    2. What is the premium charge ?

    Balance those 2 things as appropriate and I'd be done with it.

    Gene in Illinois
     
  5. need to shoot more

    need to shoot more Active Member

    Joined:
    Feb 2, 2006
    Messages:
    1,227
    I just had a quote in to me 300 k 660 per year 500k 1060 per year this a 20 year term. Here is where it may change,when they come in to do your medical blood, height and weight. If you spike on those item the preium will likely go up.I was always told if they can sell in N.Y. state they are good to go.
    Jim
     
  6. momma91304

    momma91304 TS Member

    Joined:
    Nov 10, 2011
    Messages:
    48
    www.zanderins.com--they will be able to help you with no problem.
    David's mom
     
  7. spitter

    spitter Well-Known Member TS Supporters

    Joined:
    Jan 29, 1998
    Messages:
    4,362
    Location:
    Prairie State
    You can buy on-line... I'm not licensed in IN, but would be happy to get you quotes nonetheless...

    Age, Medical Hx, Exam required, Family Cardiac Hx, Deaths of parents and siblings prior to age 60 can impact rates... length of the term impacts... you're averaging today with 10, 15, or 20 more years...

    If you want a quote from someone who can't sell you a contract, PM me and we'll talk - anonymously if that makes you feel better...

    Jay Spitz, CLU CHFC
     
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