Nowadays, calculating your insurance rates for your life coverage has become very simple. There are many popular websites that quickly compare different quotes based on the area you live in. This means that you can save a lot of time and money, as you do not need to send mail requests or make phone calls to the various insurance companies.
Compulife is one of these applications found on the Internet that provide instant quotes for the life insurance industry and is a non-profit company, which simply provides a good quality service to consumers. This company receives financial contributions from subscription services sold to brokers or agents who live on the premium statistics that are issued from competing life insurance companies. You can receive more than 125 quotes from the various life insurance companies and compare their premium rates and services.
How this system works once you are on the Compulife website you simply enter your area code and choose the various options available, such as your gender, birth date, state of health, whether you smoke or not etc. Once you have completed this online form your results will be given. If you choose the free version of the program, this is limited to the average consumer who is in good health. However, you can subscribe to a more detailed research if you have health conditions and may need more options from insurance companies that deal with higher risk categories.
The free option in this online database tool does mean that feedback to the various quote comparisons is fast and easy to implement. Generally you will only need to click on a few fields which will specify the type of coverage you are looking for. The information required usually deals with the kind of life insurance you are looking for, if you wish to pay your premiums on a monthly or yearly basis and the amount you wish to be covered for.
Although these quotes are limited to life insurance you can specify the years you want to the policy to cover you for, ranging from five to thirty years. You can also choose the age range from 65 to 75; these are the ages up to which the term life can be guaranteed.
Calculating the different life insurance rates usually only takes about ten seconds. Your premium quotes that can be compared as the results come through are displayed instantly once you have clicked on the button compare now. You will see a table on the screen listing the different insurance types, which are usually listed in order of price. On each row you will find the name of the insurance provider, its financial situations, the name of the product the life insurance policy has been quoted for and your health class. In the last column you will find the premium rates for each provider.