A Primer on Term Life Insurance Prices

How do life insurance companies determine prices for term life policies? First, they check with the Medical Information Bureau to see whether applicants have been tested and rejected by other carriers. Second, they typically ask applicants to undergo supervised medical examinations (complete with an EKG, chest X-ray, and blood and urine sample) to look for any indications of high risk.

Just because a physical exam finds some abnormalities or potential risks doesn't mean that these factors will obviate your chances at getting a good value on your term policy. However, you must pass yet another hurdle--the so-called personal history interview, otherwise abbreviated as PHI. A representative of your carrier will speak with you over the phone for a quarter of an hour about your medical history and lifestyle.

If your application, physical, and phone interview go over well, the insurance company will come back to you with an offer. However, you can get a bead on what these quotes might be in just a few seconds here at EFinancial.com. There is no need to subject yourself to a lengthy medical exam or work with numerous representatives of carriers at desperate agencies or websites. EFinancial.com is a one-stop shop for term life insurance pricing.

You can learn more from your EFinancial.com guide at 866-765-4296. There is lots of information on site to assist you with sorting the wheat from the chaff as far as term life insurance quotes are concerned. Agents can also help you articulate and solve problems associated with unique insurance situations.