Frequently Asked Questions

How much life insurance do I need?
How long should I have protection in place?
Do I need to have a medical exam?
Can I be sure that my information stays confidential?
How does TermQuote® select the companies it represents?

How much life insurance do I need?

Most financial planners recommend that an individual secure coverage in the amount of seven to ten times your annual income. However, individual needs may vary based upon a number of factors. To determine a quick calculation of the amount of coverage you might need, go to our insurance calculator. Should you need a more in-depth financial analysis please contact our office and let Kenneth Ingram, practitioner, our CERTIFIED FINANCIAL PLANNER ™ determine the right amount of coverage for you and your family.

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How long should I have protection in place?

Life insurance is designed to provide your beneficiaries with a continuous stream of interest income for years to come. You will need to determine the number of years your beneficiaries will be dependent upon your income. Most companies allow you to lock in rates for 5, 10, 15, 20 or even 30 years (guarantee levels vary by age and state restrictions). While most clients choose to purchase a 20 year policy, a TermQuote® representative can assist you with determining the right coverage for you.

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Do I need to have a medical exam?

Yes. All companies require you to take a brief paramedical exam, which consists of a blood and urine sample. The exam is free and can be scheduled in your home or office, at your convenience. Most companies suggest that you fast for at least 8 hours prior to your scheduled exam which usually takes less than 30 minutes.

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Can I be sure that my information stays confidential?

YES!  TermQuote® never sells your name, address or other personal information to others. You can feel secure in knowing that only TermQuote® and the insurance company you select have access to your information.

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How does TermQuote® select the companies it represents?

TermQuote® is independent of any insurance company. We provide an impartial selection of the safest and most competitively priced term life policies available to you. TermQuote® constantly monitors over 1,500 of America’s life insurance companies to make certain that we always offer the best values as well as the most financially sound options. TermQuote® only deals with companies receiving a rating of A or higher with A.M. Best. This guarantees you only the highest quality insurance companies you know and trust.

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