Shopping for Life Insurance And even if you do (grudgingly) supply the information, somehow you never learn the actual cost until some insurance company salesman calls you back.
And keeps calling you back — perhaps pitching more insurance than you need.
Well, now there’s a new website, that’s getting rave reviews for being — to keep the travel analogy going — “the Kayak.com of Life Insurance,” as one trade journal put it.
Not only does the site let you anonymously comparison shop for different types of life insurance from among hundreds of companies — allowing you to almost instantaneously see, for example, that 10-year term insurance will run you anywhere from $111 to $632 annually — but everything is written in plain English (as opposed to insurance-speak).
“You feel like you’ve done your homework when you go to CoverYoo,” says Chief Technology Officer Todd Albert.Shopping for Life Insurance
You also feel like you’re getting the straight dope. Case in point: While many in the industry speak in crisis terms about the estimated 39 percent of Americans who lack life insurance, CoverYoo.com says straight out that “odds are that you don’t need (it)” if you fall into certain categories (i.e., single and no children).Shopping for Life Insurance
Oh, and here’s a fun fact for anyone who doubts the need for CoverYoo: Esurance.com, which some of you may have tried, is actually owned by none other than Allstate.
