It is prudent to make a comparison of the quotes and make decisions accordingly. Term life insurance, for example, is bought for a given length of time. This could be as long as 30 years or as short as five years. A quote from the insurer simply gives you an estimate of the premiums you will need to pay. However, an online life insurance quote is a bit complicated. A little more than the simple price, because the price can change dramatically in a year. A real quote will indicate the true cost of insurance per year. This will help the buyer of the policy to make intelligent decisions.
Better yet, it is recommended that you make quote comparisons so as to find a quote that best pricing. And one that is in fine with your current financial status.
A quote is just an estimation of what the application needs to pay. Because it is based on an analysis of the applicant’s health, a healthier applicant will get a low rate while a less healthy applicant may be charged significantly higher. Applicants are placed in groups in which each group being assigned a specific rating based on the member’s level of risk. It is near impossible to know your group until the insurer reveals it to you.