FREQUENTLY ASKED QUESTIONS

Obtaining a life insurance illustration is free and easy.  This is especially true for level term life insurance, which does not require anything but some basic information in order to quote a premium amount.  A full illustration for other types of life insurance (whole life, universal life, or variable universal life) can only be run by a life insurance company, and this is usually provided by the agent.

Obtaining a quote from Life Ant for a term life insurance policy takes less than 5 minutes.  Start by entering your zip code in the quote tool above.  After learning your area, some basic information about yourself such as your age and marital status is all that is needed to provide a quote instantly.  Life Ant can provide quotes for all types of policies, but for a full illustration of a whole life or universal life policy you will need to speak with a professional and courteous representative from the life insurance company you choose.

The process to get a quote and then speak with a representative from the company(s) you prefer is equally easy.  Enter your zip code in the tool above, provide some basic information about yourself, and based on the estimated premium costs choose which companies you would most like to speak with.  You can choose exactly which companies want to talk to, an an expert representative will reach out to you at your convenience to discuss the illustration in full.

The reason that non-term life insurance products must be illustrated by an agent vary for each product type.  Whole life insurance, for instance, will pay a dividend.  There are many options regarding usage of this dividend and this has a drastic effect on the policy.  There are also options with whole life insurance that can be illustrated such as paying higher premiums for a shorter amount of time or discontinuing to make payments at all after a certain amount of time.  All of these variable factors lead to the necessity to speak with someone regarding the ultimate goals and usage of the policy.

A universal life insurance or variable universal life insurance policy has a flexible premium structure by definition.  Only the cost of insurance can be easily quoted, but this may be higher over time than other types of policies.  The way in which these products work in the owners favor in the long term is slightly more complicated than other products, and they are typically only advantageous to a policy owner if they are funded at a higher level than the cost of insurance in the initial years.

If well funded, at some point these policies may become self sustaining and provide a higher rate of return for the comparable life insurance coverage (same face amount) over other types of insurance.  They may also have increasing face values which will provide higher levels of coverage over time.

The complex nature of non term policies necessitates that an agent run a full quote for a client, because there are simply too many options for an average client to understand without a life insurance educational background.  By speaking with an agent who will take the time to understand our client’s needs fully, a client can get an illustration that satisfies their best interests most closely.

To obtain a quote quickly and easily for a term life insurance policy, and for other types of policies, start by entering your zip code in the tool above.  From there we will guide you through an easy process of comparing quotes from multiple providers, and give you the option to speak with a representative directly if you wish to go over the illustration in depth.