UK Accounting Glossary
A life insurance quote is the estimated cost of a life insuinsurance policy based on information supplied by an applicant to an insurance company. To obtain a life insurance quote, an applicant is required to provide his/her age, gender and state whether they use tobacco. Mortality tables calculated by actuaries are used when calculating a life insurance quote. Health and family history are also commonly used in conjunction with these tables when processing a life insurance quote. It is standard practice for a life insurance quote to include written terms and conditions, for which a life insurance contract will be provided. A life insurance quote will state whether the insurance is term or permanent. Typically, insurance brokers or agents will obtain a life insurance quote on behalf of their customers. These representatives will shop one or more insurance companies to find the best price and coverage in a life insurance quote. A life insurance quote can also be obtained online.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Life Insurance Quote are sourced/syndicated and enhanced from:
This glossary post was last updated: 10th February 2020.