So, you have made the decision to get life insurance to give protection to your family when you are not around any longer.  This is admirable and the first step is to get term life insurance quotes.  The simplest way to avail cheap term life insurance rates is by comparing multiple quotes.  If you are Internet savvy, then this is easy as there are many website that are dedicated to providing insurance quotes from top companies.  They will give a comparative listing of prices, terms and conditions of each policy. 

The quotes posted in the sites has to be periodically verified and changed if necessary.  Few companies will not modify the quotes if there has been a change.  It happens very rarely.  If you come across any discrepancies in the rates then report to the higher officials.  Look in detail the quotes quoted by various companies.  Carefully manipulate on it by making use of the insurance calculators available online in many websites and try to find out the least value. It is not easy to find out the lowest rate.  First narrow down your search by taking few of the low insurance rates from which you can come to an accurate conclusion.

If you don’t have the habit of surfing the net then you will be looking at the yellow pages finding out the top insurance companies and contacting them over phone and request them to give their quote.  It was the method followed in earlier days.  You have to tolerate agents who are trying to earn profits out of this business.  Moreover if you are not clear in you calculations then you will get confused.  Some people will not have time to meet the agents and will also not have patience to sit and listen to different agents and to get their quotes.  The best method is to surf the net, get the required quotation, study them thoroughly and come to a conclusion.  You can also get the necessary clarifications from the websites.

Keep in mind the following points before comparing the life insurance rates.
- Period upto which the policy has to be paid.
- The minimum premium that can be paid.
- How many months you have to pay?
- Life and death coverage benefits.

I believe now you will have a clear idea of the various issues that you have to deal before coming to  a conclusion.  Another thing that has to be kept in mind is that any policy will require medical examination.  If you’re health condition is worse then you need to pay more premium rates.  Some people will have fear on this that their rates will be more and will go for ‘life insurance no exam’ policy.  This policy have higher premiums but does not require you to undergo any medical examination.

Insurance premium that has to be paid are influence by various other factors.  The first is the age factor.  If you are young then the premium that you have to pay periodically will be less for the duration will be more.  It also depends on your medical records.  If you are a person suffering from diabetes or from any heart disease or cancer then you have to pay more insurance premiums due to high risk.  Cheaper insurance rates are based on all these factors.  Keeping in mind everything you can opt one.

If you are a smoker, then remember your insurance rates will be even 30% higher than average rates.  This is because it is medically proven that smokers have a shorter life span and insurance companies are not interested in taking on the risk.  You will have to pay very high premiums unless you are prepared to quit smoking.  If you stop for at least a year and then apply for insurance, the rates will be lesser.

Other two major factors that lower insurance rates are occupation and hobbies.  A person who is working risky jobs like in an oil rig, or in a miner or working with harmful chemicals then the premium amount that has to be paid will be high.  Even people who are participating in dangerous sports like diving, bike racing, bungee jumping and so on will also have to pay high insurance premiums.  Either they should switch on to some other jobs or they should be ready to pay high premium rates.

The ‘Life insurance no exam policy’ as said earlier are for those people who do not want to take up medical exam.  But it has certain limitations.  If the policy holder wants to extend the coverage period then he has to undergo a medical exam at that time.   This policy gives the policy holders a period called the ‘contestable period’ for 1-2 years.  This period is given for them o submit their medical records.  If they don’t do it within the time given then there are chances of their policies to get cancelled.  It has certain age limit.  If your age is more than you need to undergo an exam.