Getting a Term Life Insurance Quotes Without Personal Information is possible. You will not be able to get a quote without any personal details whatsoever, but you can get one without giving your personal identity away. Life insurance prices are based upon life expectancy. While your demographics and lifestyle are important pieces to pricing your life insurance policy and quantifying your risk, life insurance companies can not charge one person with the same risk characteristics more than another. Because only details surrounding your life expectancy are relevant, anyone can get a quote without giving their name, address, social security number, or other identifying information.
What is Term life insurance?
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Term life insurance can be contrasted to permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse. Term insurance is not generally used for estate planning needs or charitable giving strategies but is used for pure income replacement needs for an individual. Term insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired and does not provide for a return of premium dollars if no claims are filed. As an example, auto insurance will satisfy claims against the insured in the event of an accident and a homeowner policy will satisfy claims against the home if it is damaged or destroyed, for example, by fire. Whether or not these events will occur is uncertain. If the policyholder discontinues coverage because he or she has sold the insured car or home, the insurance company will not refund the full premium.
How To Get Term Life Insurance Quotes Without Personal Information
It is very much possible To Get Term Life Insurance Quotes Without Personal Information, while keeping things quite general. Some life insurance quote providers, such as Pacific Insurance Group do not ask for any of your sensitive personal information when offering you a life insurance quote.
Client privacy and protection of your confidential information is undoubtedly the most important thing. Trusted services often ask you to enter limited and basic information to get an accurate quote, but don’t require you to divulge sensitive data like your Social Security Number, passport number, credit card numbers, license number, bank account numbers etc.
Pacific Insurance Group will ask you to answer some of the most simple questions to get an indication of your health and lifestyle.
These questions are :
- Your state of residence
- Your current health conditions by letting you choose between Preferred Plus (exceptional health), Preferred (excellent), Regular Plus (above average), and Regular (average)
- Are you a smoker and/or use tobacco?
- Your gender
- Your date of birth (if not wanting to put in your exact birth date, you can enter it any where between 6 months of it)
- The type of policy and years of coverage you are interested in
- Your desired coverage amount
Using the company’s quote provider, you can receive a quote easily in a few minutes. The steps To Get Term Life Insurance Quotes Without Personal Information are;
- Enter your zip code in the zip request form on.
- Put in your birth date, gender, and overall health
- Let the company know the type of policy that you are looking for, and the total amount of coverage.
- Enter your email address and phone number if you wish to have someone follow up with you and discuss your options.
The entire process should take less than 5 minutes. While you do not need to provide contact information to receive a price, it may be helpful to work with somebody one on one because they can help you decide which policy best fits your needs. You may be able to save money by getting a policy that provides coverage a bit more efficiently than the one that you were going to choose. Small differences in the policy design can make big differences in the price of the quote.
Why You Need To Specify Your Age And Appropriate Amount Of Policy Coverage
When it comes to generating accurate instant term life quotes, it is extremely necessary to enter your correct date of birth to establish the right age. Mostly, insurance carriers consider an individual’s age or nearest age, which implies that your insurance age is determined by how much closer you are by 6 months either to your next age or current age. You can also change the date you were born by a few days, in case you are not willing to specify your exact date of birth to receive an instant life insurance quote.
Secondly, it’s one of the most essential things to determine the right coverage amount to be totally sure that the policy meets your requirements and doesn’t leave you majorly under insured. Usually, people don’t provide the perfect death benefit amount required by their families to substitute their annual income for the next 20-30 years.
What you need to do is buy a coverage amount that’s about 10 times your current annual salary. But, there are times when even this calculation won’t perfectly fit your financial needs for a long period. So, to make things even more accurate, add up any loan debts or mortgages, your monthly expenses, educational or other expenses, as well as any other taxes you want to avoid burdening your dependents with.
This will give you a better picture of the actual amount of coverage that your insurance quote provider needs to offer. An added advantage of following the aforesaid criteria is that if your quotes end up being much higher than the affordable, you can remove certain things from your total amount and settle for a much reasonable premium.