Term Life InsuranceFrequently Asked Questions - LifeQuote

Term Life Insurance
Frequently Asked Questions

Learning the difference between term life insurance and permanent life insurance is only the beginning. Our experts are deeply familiar with the countless circumstances that can affect how, when and why you qualify for different life insurance policies. LifeQuote can provide expert guidance and will help you find the answers to questions you may not have known to ask. Are you a cigar aficionado? Find out whether or not you're eligible for non-smoker life insurance rates. Not sure if you're too old to get life insurance? We'll explain how age affects your coverage. Can you get life insurance if you have had a heart attack? When should you review your plan? Is life insurance tax-deductible? There are so many different variables factor into which type of policy would be most beneficial to clients with different needs.

Each client comes with a particular set of conditions, and we have the resources to help you sort through the fine print to find the perfect plan for your unique needs.

Ours is not your typical 'frequently asked questions' section. We have compiled an extensive list of specific, commonly asked life insurance policy questions that we have encountered over the years. We hope that our thorough guide will answer most of your preliminary questions, but if you require more assistance, we are still available to you in two convenient ways – shoot us a quick email or give us a ring at 1-800-521-7873.


February 3, 2019

List of Insurance Companies and Agents

We only work with the best life insurance companies in the business. Those companies with the highest ratings are the ones we represent. We encourage you to go to the company ratings page and check out their ratings, in order […]
December 24, 2009

How Do Life Insurance Rate Classifications Work?

Life insurance rate classifications are used by companies to classify people in different categories that essentially determine their risk of dying. The best category and lowest price is “Preferred Plus “, followed by “Preferred”. Prices keep rising with “Standard Plus” […]
December 24, 2009

What Are My Choices at LifeQuote?

LifeQuote constantly reviews new products and rates from the top rated insurance companies in America. No one company has the “best” life insurance product for every age, amount, or situation. Your personal needs are unique. We at LifeQuote understand this. […]
December 23, 2009

How Much Life Insurance Do I Need To Take Care of My Family?

Ask yourself the following questions as we help you figure out how much life insurance you will need to take care of your family if you are not around. Whether you are part of a two-income family or a sole […]
April 28, 2018

How to Buy Life Insurance with High Cholesterol

Qualifying for life insurance with high cholesterol levels is possible. With proper research and talking to the right professionals, you can save lots of money. If you are reading this post because you are one of those who despite having […]
December 23, 2009

Use the LifeQuote Engine

LifeQuote is dedicated to maintaining its “LifeQuote Edge” in providing low cost life insurance quotes from top-rated life insurance companies in America. We specialize in life insurance and offer free life insurance quotes. A life insurance policy provides financial protection […]
February 21, 2018

What Does a Life Insurance Agent or Broker Do?

What Does a Life Insurance Agent or Broker Do? How Can They Help? Life insurance agents and brokers are representatives of life insurance companies who help consumers in navigating the process of buying life insurance. Shopping for a life insurance […]
December 23, 2009

How Many Years of Term Life Insurance Can I Buy?

You already know why you need term life insurance. And you must have figured out how much you need as well but things are not done yet. One of the important choices to make still remains and that is policy’s […]
December 24, 2009

What Does LifeQuote Provide For Their Customers?

LifeQuote is an independent company providing consumer Life Insurance Information and free life insurance price comparisons from selected insurance companies. LifeQuote provides numerous choices based on premium, and other criteria. We do not make the choice for you, but we […]
April 18, 2016

About Life Insurance

To the average American, understanding insurance is a daunting task. We can’t argue that it can be confusing… and the process downright convoluted. Sometimes it seems that virtually every type of insurance policy comes with an encyclopedia’s worth of information […]
December 23, 2009

How Much Coverage Do I Need?

If you have finally decided to get insurance another important issue is to figure out how much coverage you need and for how long. The easiest way to approach this is to ask yourself: if you’re the primary caregiver to […]
April 10, 2018

Are Life Insurance Premiums Tax Deductible?

The biggest and the most confusing questions faced by the taxpayers is whether life insurance premiums are tax deductible. In the United States, according to IRS, life insurance premiums do not qualify as eligible income tax deductions. They are being treated […]

Term Life Insurance FAQs

How Do I Pay My First Premium?

All checks must be made payable to the insurance company you chose. Premium checks are routed by LifeQuote to the insurance company. LifeQuote does not accept any premium checks that are not made payable directly to the insurance company. Some companies will accept a premium with the application.

Can I use my last exam?

Doctors see patients for a variety of reasons. Sometimes it may be a blood pressure check- other times to follow up on a certain condition. The insurance exam asks and looks for specific questions that relate to risk in overall medical condition, and give the underwriter what he needs to proceed.

Can I Use My Doctor For a Life Insurance Exam?

An insurance exam has to be impartial and provide objective information relative to risk assessment. Often a personal doctor is a patient advocate- and wants the client to do well. So do insurance companies, but with all the accurate information needed to make a fair decision. Additionally, a client can ask a personal doctor not to disclose certain information (doctor-patient privilege), which may be a conflict of interest for the doctor to act as both an agent for the company and the potential insured.

How Do I Obtain Coverage?

Once you decide which policy is right for you simply complete a simple online Coverage Request, or e-mail us with your specific request. A complete application kit will be promptly sent to you. Your kit will include all forms and consumer information required in your state. All forms are marked and are easy to complete. Just follow the simple instructions that we provide with the kit or on our web site.

If you prefer, you can call 800.521.7873 for any questions about your kit. You will be contacted by the medical exam service to schedule an exam at your convenience. LifeQuote will send you periodic reminders by e-mail if you have any outstanding requirements. LifeQuote will handle all the details to obtain your coverage as quickly as possible. Once you have been approved, your policy will be delivered to you for inspection. State consumer laws require a “free-look” period. This means if, for any reason, during the free-look period, you change your mind, you may return your policy and receive a full refund from the insurance company.

LifeQuote makes insurance buying simple and trouble FREE.Approval of an application is solely at the discretion of the insurance company and is not guaranteed

Please visit our blog section for more information and topics of your interest.

LifeQuote FAQ

We want to make sure you fully understand who and what LifeQuote is and this is the area where we clear up any confusion or possible misconceptions about our company.

Here you will find some frequently asked questions related to LifeQuote.

Is LifeQuote a Life Insurance Company?

No, LifeQuote is an independent company that provides an internet consumer service and markets life insurance policies from all of the top life insurance companies.

Does LifeQuote Sell All the Products It Quotes?

LifeQuote is an independent company. We do not work for or are a part of, any insurance company. We do select from most of the competitive products available based on LifeQuote´s criteria. On rare occasions, we may even quote a product we do not normally offer in the special interest of the consumer. If so, we will advise you of that fact.

What Are My Choices at LifeQuote?

LifeQuote constantly reviews new products and rates from the top-rated insurance companies in America. No one company has the “best” life insurance product for every age, amount, or situation. Your personal needs are unique. We at LifeQuote understand this. Therefore we always provide a selection of competitive products from different life insurance companies. The selections shown are the competitive rates currently available. Rates may change when the insurance company actually evaluates your insurance application. Which one is best for you? That is a personal decision.

What Does LifeQuote Provide For Their Customers?

LifeQuote is an independent company providing consumer Life Insurance Information and free life insurance price comparisons from selected insurance companies. LifeQuote provides numerous choices based on premium and other criteria. We do not make the choice for you, but we do provide you with highly Competitive Life Insurance Quotes and the information to help you make an informed choice.

To find out about your coverage needs please visit ‘How much do I need’.

To get a FREE Life Insurance Quote please visit ‘Get a Quote’.

For more information on life insurance visit our Homepage.