Getting online life insurance quotes can make the whole often tedious process of finding the best-priced life insurance for your needs a lot simpler, more streamlined. The Internet has revolutionized many, many processes of information gathering, and finding the most competitive prices in life insurance is no exception.
Making telephone calls and setting up meetings with different life insurance companies agents used to have the only practical way of finding the best life insurance rates. And then, there were some problems. Since people only had a limited knowledge of what companies were around, and since people have time constraints, they could not meet with every possible life insurance agent. They could still have meetings and make an informed decision, but some information was almost always missing.
There was also the problem of the trained sales agents. These people had, and still have, the objective when they show up to sit at your kitchen table with you to close you that very day or night. They were and are looking for a sale in just a couple of hours. They need to make commissions to put bread on their own families' tables. Now, this does not in any way necessarily mean that they are dishonest about pricing. But it does mean that they want you to make a decision then and there, and there might just be another life insurance company who could give you an even better price.
The best way around this was to find and talk to insurance brokers. These professionals are not working on just one commission plan from just one company. They get paid to do the hunting and pecking for you. The problem with the brokers is this: they do not needarily find you the best in quality. Buying life insurance at a cheaper price from a "cheap" life insurance company does not come out to any advantage for you.
The Internet provides you a way of getting price quotes faster and more comprehensively than any other way you had before. And, since life insurance companies know this, they are doing all they can to come up with the most competitive pricing they can afford to give you. So it's like a "feedback loop". You have more access to more life insurance quotes; as a result, the companies that provide life insurance are getting even more competitive in their pricing.
By using the Internet, you can find quotes from the largest, most reputable life insurance companies as well as more local, smaller companies. You can also find the best brokers. Through these sites, you can get quotes that are the most competitive, and then know exactly who you want to meet with to make your final buying decision.
Two notes of caution:
Whenever you are searching for life insurance, or any other product, online, always look for the Verisign seal and the BBB (Better Business Bureau) Online Reliability seal. These are verifications that the company whose site you're accessing is legitimate.
You still need to meet with prospective life insurance providers' agents or a broker to make your final buying decision because: price is not everything. You have to also consider quality and reputation. Price-shopping is only used to narrow your decisions. Once you have found life insurance companies who will sell to you in your preferred price range, the final decision has to come down to quality and the relationship you feel confident you can forge with the company.
So, once again: using the Internet to buy life insurance should be a method that lets you make the buying process for this often difficult faster, easier, and less expensive. But do not go with fly-by-night insurers just because they would cost you less money. You do get what you pay for in the long run.