A life insurance quote is an estimate of how much you’ll pay for a policy based on your age, income, health history, and other factors. Every insurance company calculates quotes differently, so cost estimates can vary widely. Comparing quotes from multiple life insurance companies is the best way to find the most affordable policy that meets your needs. Due to federal regulations, no company, broker, or agent can offer you a discount on life insurance — but since each insurer calculates risk differently, the cost you pay will be cheaper with some companies and more expensive with others.