Next you give your date of birth, your gender and your weight and your weight and height. Choose the amount of coverage you want, which can range from $100,000 to $10 million and the term of the policy to continue getting online life insurance quotes (http://www.equote.com/li/term-life-insurance-quote.html).

Upon entering this financial and medical information, you will then be directed to a screen where you have to enter your medical information. Since insurance companies are taking a risk in insuring you they do need to know if you are in good health. The answers you provide to the questions help determine the life insurance quote you receive.

The questions ask whether or not you have been diagnosed with a serious medical condition, if you smoke or engage in dangerous hobbies, such as skydiving, the number of traffic accidents and violations you have had as well as your blood pressure and cholesterol levels.

This is the typical manner in which you can receive cheap life insurance via an online term life insurance (http://www.equote.com/li/termlifeinsurance.html) quote without medical examinations. Once you enter the required information about your medical history and that of your family, you will immediately receive notification of how much this policy will cost you.

The choices in coverage amounts and terms of the policy determine the cost of the premiums as these do affect the quote for term life insurance. If the first quote you receive is too high for your budget, you can then change the amount and the term to request a new quote that will probably be more to your liking.

This method of obtaining a life insurance quote is a convenient way to see how much life insurance you can afford. It is important not to visit only one site and request a free quote. In order to know if you are really getting the most affordable term life insurance, you need to repeat the process on at least three sites and then compare the quotes you receive.

You can also obtain a quote for standard term life insurance in a similar manner but you will have to undergo a medical exam and lab tests. The process is much longer in that you have to wait until all the appropriate paperwork is completed in order to receive the policy and have coverage.

With online, low cost life insurance (http://www.equote.com/li/life-insurance.html) quotes your coverage is instant as soon as you make the payment for the premium and you can do this online using your credit card. You receive the policy as an email, but you will receive a paper copy in the mail. Then you have 30 days in which you can read the policy in its entirety and if you are not completely satisfied you can cancel the policy for a full refund.

Other choices that you do have in requesting an online life insurance quote include for a return of premium policy in which you will receive all the premiums you paid as a refund when you outlive the term of the life insurance. For many people this is an option where they can save money and have a life insurance policy in place at the same time. Unfortunately not many life insurance companies offer this option so you may have to do a bit of searching online.