Website Monitors Top Rated Insurers to Help Consumers Save on Term Life Insurance

Los Angeles, CA (PRWEB) October 20, 2006 -- TopRatedTerm.com, a new web portal which provides free price quotes on term life insurance from America’s leading insurance providers, has been officially launched. Visitors to www.TopRatedTerm.com may receive instant, real-time term life insurance quotes via an easy three-step process that takes approximately one minute.

Convenient Real-Time Quotes From Top Rated Insurers
Here’s the streamlined process by which visitors to the site are instantly provided with competitive price quotes on term life insurance from the nation’s top rated companies: Visitors are first invited to answer a few simple questions and instantly submit them. Visitors then receive life instant term life insurance quotes, in order of price quote, in real-time, from the nation’s top rated term life providers. Visitors to TopRatedTerm.com then have the option to choose the quote they prefer, and apply online. The complete term life quote-and-apply process can be completed in less than five minutes.

Cost Comparison Quotes Also Come with "Placement Rating"
One of the most attractive features of the online comparison quote service is the fact that price quotes are not only provided in real time, instantly online – but a "Placement Rating" is included with each quote indicating the ease of application process and approval rating for each insurer: The "Placement Rating" evaluates four areas: 1) The ease of a particular insurance company’s application process, 2) The efficiency of the insurers application and underwriting process, 3) The amount of time it takes to get a policy approved and 4) The ratio of approved policies to applications. The "Placement Rating" is an important addition to the quote comparison service.

Financial Advisors Trending Towards Term Life Insurance
With increasing numbers of financial advisors recommending term life insurance to their clients, the real-time term life insurance quote service figures to be popular among cost-conscious consumers. When comparing life insurance policies, individuals normally have a fundamental decision to make. Will the policy be a whole life policy or a term life? Term life provides coverage for a specified period and generally costs much less. Whole life is permanent insurance for an entire life and is normally much more expensive. Whole Life policies build up cash value that can be used for retirement or other needs. Term policies do not, but they typically provide coverage for much less money. In life insurance, there is no such thing as "one size fits all" but financial advisors recommend that term life insurance should be strongly considered for the amount of coverage it can provide at a significant savings to the consumer.

The new web portal provides real time comparison price quotes on term life insurance 24 hours a day, seven days a week. For more details and contact info: www.TopRatedTerm.com.

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