What factors do I need to keep in mind?

[ChristianR]

I have 2 life insurance companies that are offering me very similar quotes (annual premium) on term life insurance. What factors do I need to keep in mind, when deciding which one of them to go with.

[jpg7n16]

If the coverage is the same (same death benefit, same coverage/exclusions), and the prices are similar, really you only need to look at the company's stability, and level of customer service.

It's one thing to accept a low bid from a company that's been around for 50-100+ years and is rated as very stable. It's another to accept the same bid from a company that's been around only 1.