There are tried and tested ways you can get affordable life insurance rates. This article will address three of such ways....1) Most of us know that we will save in life insurance if we stop smoking. However, many do not know by what factor their life insurance rates will be reduced. To give you an idea, expect your rates to reduce by 50% and more if you stop smoking for over 12 months and then reapply.Smokers pay twice as much with most insurance companies.2) You can also save a lot by getting down to the right weight for your height. An obese person can expect to reduce their rates by over 50% if they lose weight and have the right weight for their height and gender.3) How much is that convenient option costing you? Do you know that you'll pay more if your premiums are paid monthly instead of annually? Some insurers have fees that are as high as 20% of the annual premium if policyholders opt for monthly payments. Is it really worth it?You can check what you'll save by comparing the … [Read more...] about Affordable Life Insurance – 4 Sure Ways To Get It
Affordable whole life insurance for over 50
Affordable life insurance rates: Do you know the things that determine how high your premiums are? I'll discuss a number of them here so take note of the following things if you really want to pay less for adequate coverage...1. Do you know what is adequate for you as a person? Buying more coverage than is necessary is one reason a good number of folks spend much more than they should on their policy. Take your time to check and you'll save much by getting the right coverage and avoid throwing away money on extra coverage.2. Abstain from smoking if you want cheaper life insurance. Smokers are more liable to die untimely and are also more likely to contract many harmful diseases.This raises their risk to an insurer and therefore raises their rates dramatically. Once you quit smoking for up to 12 months inform your present insurer or reapply to some other insurer and you will see a considerable drop in your life insurance premium.3. Younger people get cheaper rates for life insurance. … [Read more...] about Affordable Life Insurance Rates — You’ll Do Well To Take Note Of These
Life insurance has become an essential part of life these days. No matter what the profession or the background of the person is, he o she has a life insurance. This insurance could be of any type.The very thought of having it makes us think of the additional money that we would have to shell out from our pocket. This is true to some extent, but if you are running low on cash, look for the affordable life insurance. Following are some examples.1. First and foremost is the insurance that fulfill your need of a short term kind of insurance. If you want to get an insurance for some needs like personal accident, medical and hospitalization with very affordable premiums; you can opt for term life insurance. These can be renewed after a year.2. Then comes the low load insurance. This type of insurance offers a fixed a coverage with inflexible conditions. There is no need of an agent in between the company and the insured and everything is done online. Even the premiums are low than the whole … [Read more...] about Easy and Affordable Life Insurance
When it comes to purchasing life insurance, deciding which kind of policy to buy can be a challenge. But by learning about the characteristics of available life insurance policies and working together with an experienced life insurance agent, you'll be able to choose the right policy to protect your loved ones.Term Life InsuranceAs the name suggests, term life insurance provides coverage for a certain period of time, as specified in your policy. This means that a death benefit will only be paid out if you die within your policy's term. Because of this central characteristic, term life insurance policies tend to be much cheaper than permanent life insurance policies--making it a very appealing option to young adults or families who can't spend a lot on life insurance.Though term life insurance comes in two forms--level term (pays the same death benefit no matter when you die during the term) and decreasing term (the death benefit decreases throughout the duration of the policy)--level … [Read more...] about Life Insurance Policies: Term vs Permanent
With life insurance policy, you get what you pay for. What you pay for is the life insurance policy's face amount, the amount the life insurance policy company will pay when you die.Since the face amount of the life insurance policy is payable upon the death of the insured person, the element of risk to the insurance company is much different than it is for an automobile policy. When an insurance company issues an auto policy, it hopes you will be a safe driver and will never have an accident, so you will never file a claim. When an insurance company issues a life insurance policy, it knows it will be called upon to pay a claim someday, because every human being dies, for the insurance company, the only unknown is whether the claim will be made in one year or in 50.Not surprisingly, life insurance policy costs vary based on your age, health and the amount of insurance you buy. The term ordinary insurance is sometimes used to describe individual life insurance. There are three road … [Read more...] about The Basics Of Life Insurance Policy
Traditionally, life insurance companies solicited men as the main breadwinners in a family to ensure, that they had adequate life insurance coverage.Now, times have changed, but the statistics on women show that great percentage of American and Canadian women carry no life insurance. And those that do have a policy, carry about half as much coverage as men do.Most modern U.S. and Canadian households are dual-income households. If you are married, especially if you have children, would your husband be able to afford the family style of living if you were to pass away? If you are single, who would assume the burden of paying for your final costs if you were to pass away? This may fall to your parents, who are also likely to be living on a fixed income. Many single women, especially those with children, may be on a tight budget and feel they can't afford life insurance. However, they may be surprised to know that a 30 year old healthy woman can purchase a $250,000 10-year term life … [Read more...] about Why Don’t Women Have Life Insurance?