Can You Negotiate Term Life Insurance? 
Can you negotiate Term Life Insurance ? That is a great question . Many people think that life insurance companies hold sales , and ads can easily give people that impression . But life insurance actually has set rates , and the only negotiable part may -LRB- or may not -RRB- be what you are rated . Most life insurance companies must justify to their reinsurer -LRB- s -RRB- the rating that they give an applicant , which means sticking to underwriting guidelines . That is why you can often get a better rate by shopping with an agency that carries many different companies , because you can take advantage of a variety of underwriting guidelines and find the one that works best for you . Sometimes , when a rating is given , extra information can be provided to the underwriter to convince him/her to improve the rating . Sometimes knowing that another company rated you better can help bump your rating up . These are possibilities that could result in you paying a lower price . But how the life insurance itself is priced is not negotiable . 