I spent about half an hour comparing life insurance quotes online and found out just how important shopping around can be. I got preliminary quotes from seven companies, which each took me less than five minutes.
I researched quotes for a single, 25-year-old woman in California, looking at $250,000 20-year term policies and $500,000 20-year term policies. While some quotes were as low as $11.18 per month, or $134 per year, one quote hit $23.40, or $280.80 per year. That's a savings of $145 per year, or $2,960 over the 20-year life of the policy, and I never would have known had I not shopped around.In less than three minutes, I had a life insurance quote from online life insurance company
that was very reasonable. Coverage through Bestow would cost an affordable $11.25 per month. An easy slider let me see that it would cost $17.50 per month to increase coverage to $500,000.
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