In the specific case of the 40 year-old being insured for a $1,000,000...it’s clear that identical coverage can be obtained for roughly 70% of what State Farm costs. Over the course of thirty years a consumer would save roughly $30,000...
Chicago, IL (PRWEB) November 22, 2012
YourLifeSolution.com, an online insurance quote service has recently done a comparison study of various life insurance rates from some of the most prolific insurance carriers in America. These results were obtained by simply using the companies own websites to document their quotes on comparable products. This comparison study is created as a way to outline the advantages of purchasing financial services online.
The analysis compiled by YourLifeSolution.com is a simple comparison based on a standard risk 30 year-old, 35 year-old, and 40 year old being insured for $1,000,000 of term life insurance with a 30 year rate guarantee.
YourLifeSolution.com says this consumer comparison was not created to scrutinize any specific life insurance carrier, but rather to show how the most well known life insurers are simply not that competitive in many cases. “In the specific case of the 40 year-old being insured for a $1,000,000 above it’s clear that identical coverage can be obtained for roughly 70% of what State Farm costs. Over the course of thirty years a consumer would save roughly $30,000, which personally, I don’t think is pocket change”, said Eric Smith, the founder of YourLifeSolution.
YourLifeSolution intends to create numerous comparison reports like this in the future to present the value services that provide life insurance quotes online. “These services are known to provide life insurance products with less hassle and at a lower cost than traditional sources. I don’t personally, as a consumer, see any reason to spend more to go with Country Companies, Farmers, or State Farm. If there are better options from more efficient sources, then consumers should take advantage of them”, said Eric Smith.
The life insurance comparison was generated on November 15, 2011, and it is possible that the information contained in YourLifeSolution.com's analysis is not entirely accurate if this is being read months or even years from then.
Consumers are invited to visit YourLifeSolution.com to view life insurance quotes online instantly.