1. Visit the website for AccuQuote at www.accuquote.com to obtain a quote for the annual premium on a $200,000 guaranteed renewable, ten-year term policy for you.

Then call a life insurance agent in your community to obtain a quote on the same term insurance coverage.

How do the term rates quoted by your local agent compare with the rates found over the Internet? Also, ask for the quote on a $100,000 universal life policy with guaranteed insurability and waiver-of-premium options. Ask the agent to explain why the quotes for the two types of policies diff er. Analyze his or her response based on what you learned in this chapter.