How To Get Precise Pricing For Life Insurance
When using the Life Insurance Quote Comparison Tool on MoneyTips, you can see multiple carriers and rates. Daily, we receive new applications for life insurance through this channel. When I see a new application, I know that an intelligent person has made a choice to get coverage, and that they likely did some investigating before making that choice.
What is curious is how, after all of the research, one frequent issue tends to remain. Consumers approaching a life insurance purchase want to know their cost up-front, but a risk assessment is necessary before getting to the final cost for life insurance. Carriers therefore provide initial quotes based on brackets, which are called rate classes. Then, they assess the risk to find out which bracket or rate class the applicant qualifies for: Preferred Best, Preferred, Standard Plus, or Standard. Usually, either the applicant fits into one of those rat...
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