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Sarah Said:

Life insurance question - term life and term life with return of premium?

We Answered:

You can locate an independent agent by typing in your zip code at the agent locator tab, at www.iiaba.net, to answer your last question first. Sorry, I'm hitting them in opposite order! Online life insurance agents are going to deal with many areas of the country, and probably won't be as familiar with LOCAL options, as a LOCAL agent. Plus, you might get shuffled around the call center, to get to an agent licensed in YOUR state.

I'm not Pickle, but I can tell you State Farm has some of the HIGHEST life insurance rates around. They JUST aren't very competitive.

A million dollars is reasonable.

Regarding those four companies that popped up at the top of the list, sure, check them out - but all it means, is that they PAID to be shown at the top of the list. That's pretty much what you're going to run into, with online rate comparison sites - you'll be steered towards the company that pays the webmaster best.

When you buy insurance online, you can usually do the entire transaction by mail, except for the paramedical exam. And you won't get that, until you've PICKED an insurance company, submitted an application, along with a deposit amount. THEN they'll "verify" your rate for you.

I'm not a fan of ROP term, and I think I explained that in a prior question, in detail.

Look, if you want an "online" experience, I had a pretty good one, at Zander Insurance, and they're licensed in all 50 states. But you've got enough questions and concerns, that honestly, wouldn't you like to be able to develop a relationship with ONE agent that has an office near you, where you can drop by if you have questions or problems? Additionally, with young children involved, maybe it might be worth it to spring for a fee based financial planner, instead, who ISN'T going to try to sell you anything, and will give you TRULY unbiased advice.