Are term life insurance quotes free?

Colin Lalley 1600


Colin Lalley

Colin Lalley

Associate Content Director, Home & Auto Insurance

Colin Lalley is the associate content director of home and auto insurance at Policygenius, where he leads our property & casualty editorial teams. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

Published May 20, 2016 | 3 min read

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Featured Image Are term life insurance quotes free?

Looking into term life insurance? That’s great! Term life insurance is one of the best ways to protect your family, and it’s cheaper to get covered than you might think.How cheap? You’ll need to get policy quotes from different carriers to find out what coverage and price point fit your needs. And it’s easy to get a free quote so you can shop around before buying your policy.But are those term life insurance quotes really free?

The short answer: yes. You’ve always been able to get term life insurance quotes for free if you meet with agents face-to-face, but thanks to the internet you can do it today in just a few clicks. Even better? It’s legal to get them for free, unlike that music you used to download.If you ever come across a site asking to pay for quotes or require anything like a credit card number, be wary. It’s a trap.But while requiring an actual financial payment is definitely something to watch out for, there’s also the opportunity cost of getting quotes. It takes time – time that you could be using to do other things, like working or spending time with your family. You know what they say: time is money.

If you’re looking for term life insurance quotes online, you probably know the drill: enter some information about yourself and you’re set up with a "Rates starting at…" policy price. But how could they possibly know that when all you gave them is your age whether or not you smoke? And if that price is only where rates start, how do you know what you’ll be paying?That’s what happens on sites like SelectQuote and AccuQuote. They’ll give you a ballpark quote, but you also need to enter your phone number or email address. To get an actual, accurate quote, they’ll get in touch with you and ask you a lot more questions than you originally answered.But aren’t you shopping online to minimize the amount of time you need to talk to people? Plus, you looked for quotes because you had a lunch break or 30 minutes while the kids were taking a nap. You wanted your quotes now, not later. You’ll have to carve out extra time instead of handling it at once.

At PolicyGenius, we get the important information from you right away. Does it take a little longer than clicking a "Take a guess at how healthy you are" dropdown? Sure, but it still only takes a few minutes, and it means our quotes are accurate to within a few dollars. So when you’re ready to take the next step, you can be sure that it’s actually the next step and not the same step you thought you already did, just on the phone this time.You’ll also be wasting your time if you don’t have a good selection of term life insurance carriers to choose from. You want the best insurers so you can be sure they’ll still be around 10, 20, or 30 years later when you might need your life insurance policy. So maybe you visit the websites MetLife and Prudential and AIG.But then you have to fill out forms on each individual site, and you probably have to talk to someone, and now you’re resorting to a spreadsheet to keep track of everything…PolicyGenius provides term life insurance quotes from over 20 of the biggest providers around. You can compare quotes right here on the site instead of hunting all over the internet for the right fit and trying to remember who gave you what quote for which policy.Term life insurance quotes are free; you won’t have any trouble finding a place to get a quote. But your time is also valuable. At PolicyGenius we can save you time and money so those free quotes stay free in every sense of the word.