If I shop around, will I find the same term life insurance policy for less through a different term life insurance quote service, agent, or broker?
No. The same term life insurance policy from XYZ Company in the same risk class will be the same price no matter where you buy it. Why? Because life insurance companies, not agents or brokers, set the pricing of the term life insurance policy. If you see the same term life insurance policy from another source with a price that doesn’t match, you’re probably looking at different rate classes (i.e. preferred vs. standard). If you are quoted the same term life insurance policy but a different rate class from another term life insurance quote service, or agent, ask yourself if they obtained enough information from you to accurately estimate which rate class you are likely to receive. Did they ask you about your family history, your health, your height and weight, whether you take any medications, whether you use any tobacco (or how long ago you quit), whether you participate in any hazardous activities, or about your driving record? And, if so, have they really paid attention to the inform
