If you’re looking for a life insurance quote for $1 millions dollars worth of life insurance coverage then you’re at the right place. Welcome to InsureChance, the first online life insurance marketplace. If you’re looking for life insurance quotes for 1 million you can compare rates with all the life insurance companies on the market using our quote engine on the right. We require no personal information so feel free to browse in peace.
This comparison shopping doesn’t cost you anything extra. In fact, you may end up paying more if you called the company directly. As an independent agency, we have the ability to shop around with top “A” rated life insurance companies to not only get you the best rate on the market but recommend the company that will provide the most favorable result for your specific situation, especially if you’re in other than ideal health. Once you’ve compared rates and saw the policy most fitting to you, simply request an application online and one of our agents will get in touch with you to complete the application completely over the phone in less than 15 minutes.
Determining Need
A million dollars sounds like a lot of money, and it can be, but that will all depend on your financial responsibilities. Usually, you want enough coverage to last your family about ten to twenty years of your income. On top of that, you may want to add any funeral expenses, mortgage payments, college costs and other outstanding debts. In today’s day and age calculating all of that can make a million dollar life insurance coverage seem like not that big of a policy. So if you make roughly $50,000 annually, a $1million dollar life insurance policy will usually be the minimum amount of coverage you’d want to get in order for your family to maintain the same lifestyle that you’ve provided for them. If you make anything close to six figures, you would need twice the amount of coverage.
The Process
Getting a life insurance plan for a $1 million dollars is a lot easier than you think. Actually, it is the same as getting a plan for $50k or $500k so very easy. Things can get a little different once you get to $5 million or $10 million but $1 million dollars is a piece of cake.
So let’s see all the steps you need to take to secure a million dollar policy:
*There is a way to get $1 million dollars of life insurance instantly by getting two no medical exam plans for $500k with the instant issue. (Available for healthy individuals)
1. Figure out if $1 million dollars of coverage will be enough to cover your loved ones.
2. Compare life insurance plans with all the top rated companies to see who got the best deal. (click here to start)
3. Once you find the ideal plan request an application so we can prepare everything.
4. Complete the application process which takes about 10 to 15 minutes with one of our agents.
5. Schedule your free medical examination. This is where a nurse will come out to your home to get all your vitals so the insurance carrier can review it.
6. The last step is to allow 4 to 6 weeks for the company to review all the information and make a final decision.
What do companies look for?
The life insurance carrier will look at everything you can think of to make a final decision on your application. Most importantly they want to know about your health so if you have medical conditions or are overweight this will increase the rate you were quoted. They will also want to know if you have a family history of heart disease, stroke, and cancer. (applied to parents and siblings only). If you have a bad driving history or participate in any dangerous hobbies this will also be a part of the consideration for life coverage. People that have dangerous occupations can also be expected to pay more. And how can we forget about tobacco use, if you’re a smoker you can expect to get up to 60% rate increase due to increased risk of death. Don’t let this scare you since each company will look at you differently and we are here to help you find a plan based on your unique situation.
$1 Million No Medical Exam Life Insurance
If you want to avoid the medical exam there is only one company that offers no medical exam life insurance with $1 million worth of coverage. A lot of simplified issue life insurance companies limit their coverage at $250,000 to $500,000 at most. Not to mention, no exam plans are usually more expensive due to the higher risk the company is taking by not administering the exam. However, the Principal Life Insurance company has come out with a product that offers a no exam policy, at normal rates, for $1 million. The “catch” is that this product is exclusively for those who are in great health. If you have any medical conditions, even minor ones, you may be required to take an exam. For a direct quote from this no exam product give us a call.
Moving Forward
Don’t wait, run your quotes online or give us a call and let us do the shopping for you. Don’t waste your time searching around because most websites out there are just marketing companies masking as life insurance agencies that require a ton of personal information before they let you look at your quotes. You can just run quotes on our site and call the company directly, but what you will get is a biased agent. We’re able to give you unsolicited advice, and recommend the company that will be a best fit for your situation. Each company is different and has different requirements, let us do the work for you. Besides, life insurance is confusing as it is, leave it to the pro’s. Call us today at 888-492-1967 or hit the chat button below if it’s not too late.
