Can You Negotiate Term Life Insurance? 
If you are asking about negotiating rates for individual term life insurance then the answer would be `` No '' . Each life insurance carrier has their own actuarial models they use to develop the rate tables for their products which they in turn file with insurance departments . So , it 's pretty much a `` what you see is what you get '' quoting environment . Sometimes , if you are rated up during the underwriting process because of information gathered from the Medical Information Bureau -LRB- MIB -RRB- or from results of a medical exam taken to qualify for the coverage and you successfully challenge these decisions -LRB- not a real common occurrence -RRB- you might see an reduction of or dropping of the proposed risk adjustment . If you are wanting to get the best pricing possible for term life insurance then the best thing to do is shop around among different life insurance carriers . If you are talking about group term life insurance policies , then if you are bringing enough employee lives to the table and represent enough premium volume to make it worth an insurance carrier 's time , you may be able to negotiate a better price or get a bundling discount for purchasing other insurance products from that insurance carrier . 