Want Affordable Online Life Insurance Quotes? Sorry, Not Here

Are you looking for affordable life insurance?

Have you been surfing the internet for life insurance quotes? Why not include a New York Life agent in your search?

If you are thinking about price shopping for cheap term life insurance online, we encourage you to think again. We also urge you to contact a New York Life agent.

By the time you finish price shopping for life insurance quotes on the web, your New York Life agent could have come and gone, analyzed your needs, laid out several good-choice options for you and helped you select an affordable life insurance policy that best meets your needs. Best of all, since time and money are always important, your agent will provide this service at no charge to you or obligation. After your agent is done, you can always say, “Thanks for your time, but no thanks.”

Drawbacks of Online Life Insurance Quotes

Still not sure? Well, here are some other reasons why you are encouraged to talk to a New York Life agent before you buy your next life insurance policy:

1. Life Insurance Is Not a Commodity

You can buy many items off the rack or out of a showroom. Some products, however – including life insurance – require careful measuring and sizing, so to speak, to make sure they fit just right.

To work effectively, to meet your needs and help you achieve your goals – the reason you are shopping for life insurance – your decision involves a lot more than just finding a cheap term life insurance policy. The right life insurance policy should be tailored to your needs. Maybe a term life insurance policy is right for you. Maybe a whole life policy is best. Whatever your choice, it should be selected for the value it offers, not just the price it costs.

Let’s say you are in the market for new home. You know you want X number of square feet, so many bedrooms, the right neighborhood, etc. Of course, you look at price. That is a key factor. But would you then go online, plug in your criteria, and push the blinking “buy now” button on the home that comes up cheapest? You want to look at the property, ask tons of questions, and make sure it is right for you before you sign on the dotted line.

2. The Long-Term Responsiblity of Owning Life Insurance

Life insurance involves long-term commitments and serious needs. Buying an airline ticket online is one thing; buying life insurance online is another. You buy a life insurance policy because you are concerned, and rightly so, about a rather unpleasant event – your death – that could occur unexpectedly at any time in the future. You buy that life insurance policy because you want to make sure, real sure, your spouse and/or your children will not suffer financially at your death.

You also are looking at potentially large sums of money – most likely hundreds of thousands of dollars – that you need to know, guaranteed, will be delivered to your loved ones in the event of your premature death. Make darn sure the life insurance policy you buy is the right one, not just the cheapest one. And by the way, the right one for you may be the cheapest. But it is important to make sure…for your family’s sake.

3. The Ins and Outs of Life Insurance

Life insurance is not really as simple as it may seem at first glance. Decades ago, there were just two choices – term or whole life – with minor variations. They offered rough fits, but better than nothing. Today, you have three or four times as many options, with dozens of major variations.

That 20-year level term policy your neighbor bought may work for her. But perhaps your needs would be better served with an annually renewable term product, or interest-sensitive whole life, or universal life, or one of the many equity-based policies. Just as important, does your situation call for a single life policy, a first-to-die product, or perhaps a second-to-die policy? Do you want to combine protection with accumulation, and if so, should you go with a fixed-rate product or a variable one?

Then there is the matter of how much coverage you need. Would you be best with $100,000 of coverage, $500,000, or even $1,000,000 or more? Just as you shouldn’t be underinsured, buying more coverage than you is a senseless waste of money. Plus, who should own the policy, and how should your beneficiary designations be arranged?

Finally, the right life insurance policy has much to do with your age, number of dependents, income, health, number of household breadwinners, and much more.

4. How Life Insurance Applies in Your Life

Life insurance can achieve multiple objectives. A cash value policy, for example, can combine tax-deferred accumulation along with death benefit protection. Many people enjoy the benefits of the growing cash value that can be used to help pay college costs for their children or supplement their pension, Social Security and other benefits in retirement.

Life insurance is not a stand-alone product. It is just one piece in a financial jigsaw puzzle. Life insurance is one player in what should be a well-coordinated team that may involve such other elements as your will, trusts, asset ownership and tax considerations, and much more.

5. Consider Lifelong Agent Service

When you need to update your beneficiary designations, change policy ownership for tax reasons, or review your changing needs five years from now, who should – or can – you contact? That is where, once again, your New York Life Insurance agent comes into play. That is his or her real role – not just selling you a product, but making sure you have the right product…and then providing the service you need afterwards, at no charge to you.

How We Deliver Life Insurance Quotes

At New York Life, we believe that the purchase of life insurance involves the acquisition of a valuable asset. That’s why we make our products available only through licensed New York Life agents and affiliated representatives.

Your New York Life agent will take the time to discuss your needs, and that means asking more than, “How much coverage do you need?” In fact, your agent may seem a bit nosy – asking about your plans for your children, where and when you want to retire, your dreams, and more.

That 60 minutes or so you spend with your agent is a good investment in creating a coordinated strategy to help you meet your objectives. (And let’s face it, you are probably spending more time than that clicking around the Internet right now.)

Your agent will do all the work, with no obligation and at no cost to you. And then there’ll be service. Need a beneficiary changed? Change of address? Annual review to make sure your coverage is still current with your needs? As mentioned above, just call your New York Life agent. That’s all part of the service he or she provides at no charge.

The bottom line: New York Life is one of the oldest, most financially stable and most respected life insurance companies in the world. We’re not a warehouse wholesaler of policies. We don’t just manufacture them. We believe that the life insurance business is a people business. That’s why we only sell through our agents and affiliated representatives. That’s also why we don’t sell our life insurance policies online at any price.

Recommendation: Before you buy your next life insurance policy, call a New York Life agent for an appointment. The agent will help you find an affordable life insurance policy that meets your needs. If you are not comfortable with his or her recommendations, you can always go online for a life insurance quote. But we think you won’t.

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