Relatively speaking, how good is my life insurance quote?
February 28, 2007 9:49 AM Subscribe
Help me determine how fair my life insurance quote is.
posted by neilkod to Work & Money (6 answers total)
I received a quote from Fidelity for $1M 20-year term life insurance for $970/year. I'm pleased with Fidelity for other accounts so I figured I'd give them a shot for life insurance.
I have no real frame of reference to see if this is a fair bid. I'd rather not go through the application experience with other companies to get comparative bids-I'd like to know where my quote fits in the overall ballpark. Additionally, I'm supposed to respond to Fidelity's bid soon.
I've tried the online quickie-quotes but those aren't really meaningful.
I'm 35 years old, in fine health, great heart, etc. Not a smoker, not a pilot/cliff diver/etc. A red flag to Fidelity is that I recently lost a bunch of weight, and that affected my rating, thusly my premium.