Client Guide · Term Life Quotes
How to read your life insurance quote
Your quote is live. Every setting at the top can be changed, and the premiums and carriers below update instantly. Here is what each part does and what to watch for.
Christopher Gipe
Insurance Advisory
insurance@christophergipe.com
CA Insurance License No. 4187440
Term life
Client Name37M · 01/01/1989 · California (CA)
| Carrier 5 | Product | Rate class 6 | Underwriting 7 | Est. approval | Premium | 8 |
|---|---|---|---|---|---|---|
Carrier One A+ | Term product | Preferred | Accelerated Available | 3–4 weeks | $1,0XX per year | ⌄ |
Carrier Two A+ | Term product | Standard Plus | Accelerated Available | 2–3 weeks | $1,3XX per year | ⌄ |
Carrier Three A | Term product | Standard Plus | Full Required | > 1 month | $1,4XX per year | ⌄ |
Carriers are listed from lowest to highest premium. Names and figures are blurred on this sample.
Face value
The amount paid to your beneficiaries. Pick a different amount and every premium recalculates. Coverage under $5 million may qualify for accelerated underwriting (see 7).
Term
How many years the premium stays level. Your minimum term is the years until your youngest child turns 18, rounded up to the next term offered. If your youngest is 5, that is 13 years, so choose at least 15 (or 20 if 15 is not offered). Any length beyond that is additional protection.
Health rating (Rate Class)
An insurance measurement of your overall health. It is not a choice; it is a class the carrier assigns you. If you completed our questionnaire, Estimated is our close estimate of each carrier's classification. It is not always available, but when it is, use it.
Payment mode
Annual, semiannual, quarterly, or monthly. Paying more often costs a little more over the year; on our sample, monthly came to about 2% more than annual.
Carrier
Carriers are listed from lowest to highest premium, and the order reshuffles when you change any setting. We only quote established, highly rated carriers, so compare them on price, underwriting, and conversion options.
Health rating by carrier
Our estimate of the class each carrier will assign you under its own guidelines. The same person can be Preferred at one company and Standard Plus at another, which is a big reason prices differ.
Underwriting and approval time
Accelerated means you may not have to go through a formal paramedical exam, and decisions come faster. Full means an exam and lab work, often taking over a month.
Row details
Click the arrow on any row to see its conversion rights: whether, and until when, you can switch the term policy to permanent coverage without new health questions.
Watch For
Picking a better health rating does not make it yours. Switching our sample client from Estimated to Preferred Best cut the lowest price about 20%, moved a different carrier to the top, and grew the list from 6 carriers to 16. Those prices assume near-perfect health. The carrier sets your final class and premium after underwriting.
Before you choose, compare four things
Price
Premium for your face value and term
Health rating
The class each carrier is estimated to assign you
Speed
Accelerated or full underwriting, and time to approval
Flexibility
How long you can convert to permanent coverage
Next step: email us the one or two options you like, and we will confirm the details before you apply.
insurance@christophergipe.comChristopher Gipe, CA Insurance License No. 4187440. Quotes are estimates based on the information you provided and are not an offer of coverage. Final rate class and premium are determined by the issuing carrier after underwriting. Guarantees are subject to the claims-paying ability of the issuing carrier. This guide is educational and is not a recommendation of any specific product.