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Life Insurance Resource Guide

Making the decision to get a life insurance policy takes consideration and research. Term life insurance policies are available in several different lengths of time that are appropriately suited for people in different circumstances. The amount of coverage you choose might be based on a host of other factors. Your annual income, age, health, and the age of your children will all factor into what type of policy is best for you and your family. SelectQuote has compiled some of the necessary informational resources to help aid in your decision making process.

Whether you are just considering term life insurance or you are already convinced that this is a step you want or need to take, all of these resources are designed to answer your questions and guide you as you move forward.

THE SELECTQUOTE WAY

  • How To Get Answers Fast

    If you currently have life insurance through SelectQuote, you may have questions about the terms of your policy. Whatever your questions or concerns, SelectQuote Policy Services can help. This free resource is available to all SelectQuote policy holders.

  • How SelectQuote Helps You Get The Best Policy And Prices

    SelectQuote represents some of the nation’s leading life insurance companies. We are independent and unbiased, so our price comparisons are completely impartial. As term life insurance specialists, we offer expert guidance throughout the process.

  • Six Reasons To Choose SelectQuote

    There are so many reasons to choose SelectQuote for your term life insurance policy. From expertise and savings to convenience and our no-risk guarantee, choosing SelectQuote comes with a variety of benefits.

  • How SelectQuote Gets Paid

    Thanks to the commissions we receive from the thousands of people who choose SelectQuote for their term life insurance needs, we are able to provide a variety of outstanding services at no additional cost to our customers.

  • Don't Waste Money On Too Much Coverage

    The amount of coverage you need depends on several factors, and must be evaluated on a case-by-case basis. Understanding the appropriate level of coverage for you and your family can save you money.

  • Why It Matters Who You Buy From

    We are term life insurance experts. Not only will you make the buying process easier by choosing SelectQuote, you will reap the benefits that come from our longstanding relationships with the insurance companies we represent.

  • How SelectQuote's "Shop By Phone" Process Pays Off For You

    SelectQuote’s “Shop By Phone” process allows you to receive quotes from a variety of insurance companies without having to invite an agent into the privacy of your own home. Just call, and one of our licensed agents will help you find your best rates from the trusted companies we represent.

  • Every SelectQuote Agent Is Licensed

    At SelectQuote, we understand how important it is for you to secure the right life insurance policy for your needs. That’s why every every one of our agents is licensed. You can rest assured that your questions and concerns are being addressed by knowledgeable, capable agents who have passed a qualifying exam and background check.

NEXT STEPS AFTER PURCHASING LIFE INSURANCE

  • After You've Bought Term Life Insurance

    SelectQuote understands that you may have questions about your policy after you buy it. Here are answers to some of the most common questions from term life insurance policy holders like yourself.

  • Renewing Your Policy

    Renewing a life insurance policy is recommended for those who may have become uninsurable due to declining health or a change in circumstances or lifestyle. SelectQuote makes the renewal process simple and easy.

  • If You Use Tobacco Or Have Health Problems

    Did you know that you can qualify for non-smoker rates once you’ve quit using tobacco products for a year or more? SelectQuote can help you get insured at a lower rate.

  • Changing Your Coverage Amount, Term And Beneficiary

    Our Policy Holder Services Department can help current SelectQuote policy holders make adjustments to their policy and account.

  • What If You Develop Health Problems After Buying Life Insurance?

    While the onset of health conditions won’t affect your current policy, they could affect your ability to extend or convert your policy from term to permanent life insurance. SelectQuote agents have experience with these matters, and can advise you every step of the way.

  • What To Expect When The Term Of Your Life Insurance Ends

    Whether you wish to extend your term life insurance policy or let it expire, a SelectQuote agent will contact you several months prior to the end of your term period to help you though the process.

CHOOSING THE RIGHT COMPANY FOR YOU

  • How Life Insurance Companies Are Rated

    Life insurance companies are rated by financial strength, which is represented by their ability to pay claims. SelectQuote only represents companies with Excellent and Superior ratings.

  • Facts About Life Insurance Companies

    Most life insurance companies have a set of standards that can affect the cost of your premium. Here are some interesting facts about life insurance companies.

  • Why You Need A Choice Of Term Life Insurance Companies

    Life insurance is a preventative measure that you take to protect your family. Given what’s at stake, doesn’t it make sense to have multiple insurance companies to choose from? SelectQuote helps you get competitive rates from some of the nation’s most trusted life insurance companies.

LIFE INSURANCE MISCONCEPTIONS

  • Life Insurance Quotes Are Estimates

    While the life insurance quotes we provide tend to be quite accurate, it is important to understand that your quote is an estimate – not a guaranteed price. Your actual rate can only be determined after a thorough analysis of your health, medical history and lifestyle.

  • Why Many Online Life Insurance Quotes Can Be Misleading

    Many companies offer low online quotes based on very little criteria in order to attract clients. Because we believe in accuracy, SelectQuote doesn’t give online quotes. Instead, SelectQuote offers consultations with licensed agents who will gather all of the information necessary to provide you with an accurate quote.

  • What It Takes To Get An Accurate Life Insurance Quote

    The more accurate the information you provide, the closer your quote will be to your actual price. Having the answers to a few basic medical questions will help the process move more quickly.

  • How Procrastinating May Cost You

    It is best to invest in a life insurance policy before your health deteriorates. Younger people tend to qualify for lower rates, which means that your price could be increasing over time.

  • Decisions You Need To Make

    As you begin to shop for life insurance, you must make fundamental decisions about the type of coverage you require – and whether or not you need coverage in the first place.

  • Why Your Life Insurance Quote Could Change

    Life insurance quotes can change for a variety of reasons. To avoid a drastic rate change, you must provide the most accurate and up-to-date information about yourself.

TERM LIFE INSURANCE

  • Why Term Life Insurance?

    SelectQuote specializes in term life insurance because it is the most affordable way to obtain the peace of mind that comes from protecting your family’s financial future. From low prices to highly-rated companies, SelectQuote is committed to helping you obtain the right term life policy for your needs.

  • Understanding Term Life Insurance

    If you are new to term life insurance, you may have some questions about the fundamentals of this type of protection.

  • Top 10 Questions About Life Insurance

    If you are considering a life insurance policy, you may have some basic questions about how it works. Here are the top 10 most frequently asked questions about life insurance.

  • How To Calculate The Coverage You Need

    Every individual’s life insurance needs are different, and based on a variety of factors. While you can roughly calculate the amount of coverage you need, it is best to speak with a SelectQuote agent about a customized plan that is right for you.

  • Comparing Permanent And Term Life Insurance

    Term life insurance policies are active for a set period of time, while permanent policies are active for as long as you pay the premium. Term life insurance tends to be the most economical and appropriate coverage option for many people. Speak with a SelectQuote agent to decide what type of coverage is best for you and your family.

  • Pros And Cons Of Longer Terms

    While there are pros and cons for all types of term life insurance, it is important to select the term that best represents your needs. Factors such as your age, your children’s ages, and ongoing living expenses all play a role in determining the best term period for you.

  • Converting To A Permanent Life Policy

    If you already have term life insurance, converting to a permanent policy is a relatively easy process.

  • How Does Term Life Insurance Work?

    While “term life insurance” may be a familiar phrase, many people are uninformed or confused about how it actually works. SelectQuote specializes in term life insurance policies. Once they understand how it works, many people find that term life insurance is their best option.

  • Should I Choose 20- or 30-Year Term Life Insurance?

    20- and 30-year term life insurance plans are among the most popular selections when it comes to term life coverage. It is important to evaluate and compare the pros and cons of each, weighing factors such as cost, children, income replacement, and insuring the breadwinner.

  • What Does Term Life Insurance Mean?

    Finding unbiased information about term life insurance can be difficult. Whether you are interested in level, renewable, decreasing, convertible, or return of premium term life insurance, SelectQuote is knowledgeable, informative and unbiased.

THE LIFE INSURANCE PROCESS

  • How To Calculate How Long You Need Life Insurance

    Your specific life insurance needs are based on several factors. Speak with a licensed SelectQuote representative today to determine the right duration for your policy.

  • Securing Your Quoted Rate

    It is important to provide your SelectQuote agent with the most accurate information possible. The more accurate you are, the closer your actual rate will be to your initial quote.

  • The Medical Exam: Short, Convenient And Free​

    The medical exam required to finalize your term life insurance policy is quick and easy! By preparing for the exam, you can secure the lowest rate available for your level of health.

  • When Is My Price Actually Set?

    The price of your term life insurance policy is set at the end of the underwriting process. In most cases, it will match the original quote we gave you. If the prices differ, it is usually because the results of your medical exam vary from the information you provided upfront.

  • Why Underwriting Can Take Several Weeks

    The underwriting process can take longer than expected. Several steps are taken to ensure that you are receiving the rate that most appropriately matches your individual situation. Your SelectQuote agent can tell you which companies offer the fastest underwriting so you can get your insurance in a timely manner.

  • Insuring Your Spouse And Children

    To ensure that your family is properly covered, several different policy dynamics need to be considered. It is important to discuss insuring your spouse and children with your SelectQuote agent.

  • Completing Your Application

    In order for the underwriting process to begin, you will need to complete your application with a signature and a medical exam. Visit our FAQ page for answers to frequently asked questions about completing your application.

  • Completing Your Application The Traditional Way

    Some insurance companies still require paper applications. For more information, contact your SelectQuote agent.

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Smart Shoppers Choose SelectQuote. Find Out Why

Smart Shoppers
Choose SelectQuote.

Find Out Why
Smart Shoppers Choose SelectQuote. Find Out Why