Are you in need of life insurance? Lifeinsurance.net is an online service that offers free quotes instantly from many of the nation’s leading life insurance providers. But, how can you be sure that Lifeinsurance.net is worth your time and not setting you up to get scammed? Here we take a look.
What is Lifeinsurance.net?
Lifeinsurance.net began by comparing life insurance policies but has grown into an insurance comparison that includes Carinsurance.net and HealthInsurance.net. Now they can help you find quotes on all of your insurance needs.
Lifeinsurance.net is a life insurance company that allows you to sign in to their website, or call their hotline, to receive personalized life insurance recommendations from accredited insurance agents. You can also complete your application for individual health insurance for insurance online or over the phone.
How does Lifeinsurance.net work?
The moment you visit Lifeinsurance.net, you are walked through a series of questions and when you are done you can get a quote once you enter your contact information.
If you are looking for information on the policies and how it works, you won't find it. But here's what will happen:
Find insurance coverage
Lifeinsurance.net offers free quotes for term life insurance, whole life insurance and universal life insurance, but you'll have to maneuver through the initial quote process before you can select your type. Still, Lifeinsurance.net features life insurance companies that rank high on A.M. Best's and Standard & Poor's ratings.
Source many quotes at once
Using Lifeinsurance.net can cut down on the confusion and the amount of time it takes to find a life insurance quote that fits your budget.
Browse online or call
If you’d prefer to talk to a person about your life insurance coverage options, you can opt to call Lifeinsurance.net instead at 844-625-0148 and a licensed agent will assist you in reviewing offers and making an application. It's nice they provide both a phone number to a real person and online options.
When it comes to life insurance, it can be hard to determine what’s a scam and what life insurance providers are legitimate. Lifeinsurance.net has an A+ rating with the BBB.
How much does Lifeinsurance.net cost?
This is a completely free service to help you compare insurance quotes. There are no upfront costs to using Lifeinsurance.net is it won't ask for your billing information at any point in the purchase process. Once you submit your information, you’ll receive quotes from their life insurance partners. After choosing a quote, you’ll then provide payment details to obtain your life insurance coverage.
Who is Lifeinsurance.net best for?
If you want to buy online
Lifeinsurance.net offers many insurance policies that are available for purchase online such as some of the best life insurance companies in the business like Mutual of Omaha, New York Life, Nationwide and John Hancock life insurance products. Once you receive your quotes online you also have the option to apply digitally. If you prefer a streamlined approach, Lifeinsurance.net could be right for you.
If you’re in a hurry to get coverage
Lifeinsurance.net works to get most customers covered within 24 hours. If you’re in a time crunch to obtain life insurance, this could be one of the most convenient ways to select your coverage.
Who shouldn’t use Lifeinsurance.net?
If you want transparency on how your personal information will be used
You have to give your contact information before receiving quotes with Lifeinsurance.net and consent to being contacted through phone, SMS, and email. Lifeinsurance.net is clear about how to opt-out from receiving messages from their partners, but that comes after the fact, which could present a problem, especially if you are careful with your data and personal information.
If you’re just looking for a list of insurers in your area
If you’d prefer to reach out to top life insurance companies directly for quotes, there are other websites you can use to obtain a list of insurers in your area. For example, Insurance.com will list all insurers in your zip code with point form information about each one. You can then decide which insurers to give your personal information to if you’d like to move forward with a quote.
Pros & cons
Understanding life insurance
There are various types of insurance so understand your needs to determine your life insurance options. The two most popular are"
- Term life insurance policies. Term life is the cheapest of options because these policies have a set end date, or term, and do not hold any cash value unless you should die during the term, in which case the value is available as a death benefit for your beneficiaries.
- Whole life insurance policies. Also called permanent life insurance, is life insurance that lasts your entire life, regardless the years. It holds cash value, which you may borrow against, and as such is considered an investment.
For both types of insurance policyholders will have to undergo a medical exam before the final underwriting is complete and your actual costs are determined. A pre-existing condition will raise your quotes but if you disclose your health risks honestly the quotes will be more accurate.
Is Lifeinsurance.net a scam?
Admittedly, because you have to begin by entering your contact information, you may wonder if Lifeinsurance.net is a scam. It is not. In fact, the Better Business Bureau (BBB) gives the company an A+ rating.
The bottom line
Comparing quotes online for life insurance coverage is a smart way to shop, especially if you want to get the best quote in a short amount of time. However, be smart about who you are giving your personal information to. Make sure the data policy of the website you are working with is in line with your values so you don’t have to deal with any unnecessary headaches — like spam calls — in the future.