The easiest way to compare life insurance quotes is to determine the type of insurance that best meets individual needs, and then compare specific policies using an online insurance referral service, explains NetQuote. This provides quotes from reputable life insurance companies, allowing people to review them without pressure from salespeople.
While whole life insurance provides the firmest guarantee of payment, it generally costs more than term life insurance, and it provides a lower return on the overall investment. For these reasons, most insurance experts consider whole life insurance to be a poor investment, according to NetQuote.
Term life insurance only stays in effect for a specific length of time, and it is designed to protect the insured's loved ones in the event of his death. To compare quotes for term life insurance, compare the length of the insurance policies, which can vary from 10 to 30 years, states Fidelity Life. Factors to consider when comparing the terms of different policies include when any mortgages owed are due to be fully paid off and whether or not children's college tuition must be paid. In addition, compare the coverage amounts offered by the different policies to determine whether they cover all anticipated expenses.