Whole Life vs. Cheap Life Insurance

With a whole life insurance policy, a portion of the premium you pay will be used to invest in mutual funds, stocks, bonds or other type of interest bearing investment.

Even though whole life is not as cheap as term life insurance, such a policy can make sense if it's managed properly.

Benefits of Whole Life Insurance

One of its best benefits is that it will cover a person for his or her whole life. Once the policy is purchased, it will never have to be renewed. It will remain in effect until you die provided you do not allow it to lapse or be compromised in some other way. In addition, the amount you pay for the premium will never change which makes it easier when you're trying to budget.

Another benefit is that you have access to the cash value the policy accrues. You can borrow against the cash value just as you would another type of loan. No one has to approve a loan made against your whole life insurance cash value. You are the one who gets to decide how you'll use the money.

If you're not restricted to purchasing only the cheapest life insurance, whole life is an option worth considering. Universal life insurance, which is a variation of whole life insurance, gives you more flexibility in your premium, the term and death benefits, but this flexibility does come with increased risks.

However, since universal life insurance premiums are flexible, it sometimes is the cheaper of the two.

The potential disadvantages

Whole life insurance does have its downsides. One is that it's not possible to guarantee a rate of return on your investment so it may not pay the dividends you expect. Another fact worth noting is that a whole life policy probably won't have a cash value until a minimum of 3 or even 5 years so if you surrender the policy during this time, expect it to be costly.

The debate rages on as to whether it makes sense for anybody, regardless of age, gender or marital status, to purchase anything other than the cheapest term life insurance policy.

Some critics believe that if you took the extra money you'd pay in premiums and instead deposited it into a savings account or other low-risk interest bearing account, you'd accrue more savings. True or not, whole life is an option many people do take advantage of.

And while it may not be the cheapest form of life insurance, it does seem to meet the needs of those who purchase it.

Source: articlesbase.com/non-fiction-articles/
whole-life-vs-cheap-life-insurance-36840.html

Cheapest UK Life Insurance

Most companies will claim that they're the one with the cheapest UK life insurance rates. While this claim may or may not be true, one thing is certain. Selling life insurance is extremely competitive. Thousands of companies and independent sales agents are working hard to attract your attention.

When there is so much competition, it usually means that smart buyers benefit most. How can you take advantage of this competition and ensure you get the cheapest UK life insurance rates?

Know what you want

When you're looking for the cheapest UK life insurance rates, know exactly what you want. That way, you won't fall for an insurance agent's sales pitches that aim to get you to purchase expensive add-ons that usually end up being more coverage than you need.

One of the interesting aspects of life insurance is that it is an emotional purchase. You're buying protection for a time in the future when you're not able to protect those you love and care about most. No one likes to think about his or her mortality but that's just what purchasing life insurance forces you to do.

If you're healthy and you've already got investment vehicles in place, then generally all you'll need is a no-frills term policy. This is generally the cheapest type of UK life insurance cover. The face value you select is paid out to your beneficiary upon your death as a one-time, lump sum payment.

The money from your life insurance policy can then be used by the beneficiary as he or she determines is best. It can be invested in an interest-bearing account, or used to payoff a mortgage, or to cover the costs of higher education, or to cover end-of-life expenses, or even to go on holiday.

Know how much you need

To ensure you get the cheapest UK life insurance, it's also important to know how much you need. This is considered the policy's face value or coverage. It's generally calculated as your current salary multiplied by some number of years.

For example, many people want a term life policy that will provide for their children until they reach adulthood. Factor in cost of living increases and add a bit for unexpected expenses and you should arrive at a figure that is sufficient. If you periodically review your needs and adjust your coverage as necessary, you can feel confident that you're doing what you can to protect those you care about most.

In you don't know what type of coverage you need or how much coverage makes sense you'll in effect be allowing the insurance company or agent to make those decisions for you. They may not end up being the best decisions, and you probably won't be buying the cheapest UK life insurance.

If you're okay with that, then by all means, take what you're offered. Otherwise realize that with so much competition and so many advances in the medical field, purchasing the cheapest UK life insurance is certainly within your grasp.

Source:articlesbase.com/non-fiction-articles/
cheapest-uk-life-insurance-28673.html

Life Insurance Lies Could Cost Loved Ones Greatly

Life insurance and critical illness policies may be canceled or voided if insurers find out people have lied about their state of health, and this could prove to already be a problem for millions of policy holders. Norwich Union has conducted a study which revealed that one in 14 customers did not provide correct information about their health and lifestyle when applying for life insurance policies.

Common factors people lied about were the amount they smoke or drink, their weight and any existing health problems. Smokers are commonly charged three times as much as non-smokers for life insurance, and this is the most common lie told to insurers. In many cases people did not just reduce the number of cigarettes they smoke, but denied smoking all together.

Norwich Union's study was based on 5,000 of their customers, during which they asked for any omissions or untrue facts people had told on their life insurance policies, to be confessed. The inaccurate information many people had supplied could make their policy void in the event they needed to make a claim.

Steven Weisbart, an economist for the Insurance Information Institute has pointed out that numerous claims to insurers are denied each year; this can be distressing to a grieving family. If the deceased has failed to include vital information in their application for life insurance it could be their families that are left to suffer the consequences.

People who, throughout their life believed that when they died their family would receive a lump sum payment from their insurer could in fact be leaving behind their family financial hell.

Before any life insurance policy is issued, the insurer will review medical records and blood and urine tests will be administered. If these initial tests catch any white lies that have been told the insurer will 'red-flag' the applicant, making policies more expensive and companies less willing to offer insurance in the future.

Norwich union conducted another study which revealed a different, and higher, number of people who lie on life insurance applications. This study exposed that 15% of people are not always truthful when applying for cover; this is a big difference to when Norwich union asked customers to confess to any misdemeanors, it seems some of the company's customers are still not willing to come clean.

As well as confessing to mistruths when applying for cheap life insurance, it was revealed that 52% of men and 43% of women say they regularly lie to employers, friends, family and colleagues about the state of their health.

Byron Udell, founder and CEO of AccuQuote, a web based company that offers free online insurance quotes, said: "There are so many opportunities to get caught. Even if you are skilled enough to fool the blood tests by abstaining for enough days to clear your blood of the nicotine, if the policy gets issued, and you subsequently die within a few years, and they find out you lied, all your family will be entitled to is a refund of the premiums you paid."

Lying on life insurance policies is a big risk, people who do so are chancing personal and financial disaster if they are caught. Life insurance policies are safety nets for loved ones if the unthinkable should happen, telling a lie could ruin this intention and bring another nasty shock for relatives.

Following its results Norwich Union plans on challenging all of its two million life insurance customers to confess to any omissions or lies included in their policies. Those who have not told the truth will face either sharp premium increases of having their policy canceled.

Source:articlesbase.com/finance-articles/life-insurance- lies-could-cost-loved-ones-greatly-332859.html

TERM LIFE INSURANCE

Lets take a brief look at some life insurance quote information with regards to term vs whole life insurance. TERM LIFE INSURANCE

Term life insurance provides coverage for the insured for a set time period in return for a specified premium. If the insured person dies within the term period the insurance company pays off the death benifit to the insured persons benificiary. If the term period on the insurance policy expires while the insured person is still alive the policy cancels and no death benifit is paid.

PERMANENT LIFE INSURANCE

Permanent life insurance is and can be a little bit more complex than term life insurance. Permanent life insurance provides coverage and cash value for the life of the policy holder. Perm or whole life insurance tend to be more expensive than term life policies. The most common types of permanent life insurance are universal life,whole life and variable life insurance with universal being very popular now.

TERM LIFE INSURANCE PROS

Term life insurance coverage is cheap and easy to buy. Term life is affordable and pays a death benifit to the insured person heir. These kind of policies tend to cost less than other life insurance policies.

TERM LIFE INSURANCE CONS

Term life policies expire and the policy premiums increase with age. Term life insurance policies offer no cash value.

PERMANENT LIFE INSURANCE PROS

Permanent life insurance policies accumulate cash value which grows tax defferd. Also a permanent life policy can give you that peace of mind knowing that upon your death your loved ones wont be burdend with financial problems.

PERMANENT LIFE INSURANCE CONS

This kind of insurance offers no room for premium flexabilty. The insurance company controls where you can invest your cash value.

So consider this life insurance information before you get your next quote.


Source:EzineArticles.com/?expert=Jeramiyah_Yahcob

Cheap Life Insurance Rates

Studies have shown that over 70 percent of the people in the United States have some form of life insurance policy. This is largely due to the entry of many new insurance companies in the market who make various offers in order to attract more people to choose their company. When ordinary people look for a life insurance policy, they usually search for cheap and affordable life insurance rates.

Cheap life insurance rates are a great help for ordinary persons who are not able to pay high premiums. For a cheap term life insurance, the insurance rates are cheaper. The best cheap life insurance rate is the preferred rate. But these rates are offered only to a perfectly healthy person. Standard rates are a better option for a person with minor health problems.

How to get cheap life insurance rates for your policy? It is a better idea to obtain as many life insurance quotes before you apply for a policy, because the premiums can vary according to the provider. For this, shop around in banks or other financial organizations to get the most competitively priced life insurance policy. The easiest way is to hunt online where you get instant free quotes. However, quotes are just a guide as they can change at any time. Another thing to keep in mind while applying for life insurance is to be honest while filling out your application form. Also have a detailed check on the terms and conditions offered by different insurers. Consider the insurer's financial stability and strength as well as the conversion options and restrictions for a policy before a deal. Some insurers offer cheap life insurance rates, but will be having some fraudulent things inside the premiums. So be careful while selecting a life insurance policy with cheap rates.

Life Insurance Rates provides detailed information on Life Insurance Rates, Term Life Insurance Rates, Insurance Life Policies, Whole Life Insurance Rates and more. Life Insurance Rates is affiliated with Whole Life Insurance Quotes.

Source: EzineArticles.com/?expert=Max_Bellamy

Cheap Life Insurance for Children

Cheap life insurance is practically guaranteed if the insured is a child. Yes, as terrible as it may sound, even a child can get a policy in his or her name. Many people are taken aback by the thought of purchasing life insurance for their children or their grandchildren.

After all, life insurance benefits are not paid out until a person dies, and no one likes to consider the very real truth that children can die too. Death is not something that is reserved for the elderly. Life insurance for a child is cheap, and if you are purchasing it for yourself, you should expect that your insurance agent will at least mention this opportunity.

No one likes to think about it

Unfortunately, children are not immune to death. It can happen to any child, at any time. It can happen in an automobile accident or while walking to the bus. It can happen tragically, at the hands of another. It can happen as a result of a previously undetected condition such as leukemia.

While your life insurance agent won’t dwell on the ways your child might die, the agent will certainly remind you that such an occurrence will result in unexpected funeral and burial expenses. Your agent will continue by reminding you that these costs will be considerable, and possibly even more so because the occasion is for a child.

Expect the agent to proceed with extreme caution because parents just don’t like to think about the possibility that their children might die before they reach adulthood. The agent will subtly mention how cheap life insurance is for a child and how this insurance can be easily bundled in with your other policies.

Your agent may offer other reasons why you should consider purchasing cheap life insurance for your children. One high-pressure method is to suggest that purchasing a policy right now is an opportunity that may not happen again or that won’t be available again for a number of years. This sometimes pressures parents into purchasing before the agent walks out their door. Don’t allow this to happen because it’s just not true.

Here’s something to consider

There is one good reason why it makes sense to purchase cheap life insurance for your child now. Doing so can protect your child in the event he or she develops an illness later on in life which an insurance company might consider uninsurable or that may be insurable but will be so at a high price.

While such a situation is impossible to predict, purchasing cheap life insurance for your child now guarantees that your child will have the protection that life insurance offers. When your child reaches adulthood, he or she should be able to renew a policy at the rates given originally.

If you decide it makes sense to purchase cheap life insurance for your child, be sure you understand the rights the insurance company guarantees your child when he or she turns 18 years of age.

Source: EzineArticles.com/?expert=Ken_Barnes

Life Insurance Uk: Protecting UK From Uncertainty

One of the troubles with modern day life is that it has become extremely uncertain. The furious pace at which life is being lived today has a lot to do with it. People are forever in a hurry to reach to their destinations. And in their eagerness to reach their destinations quickly people often overlook traffic signals with fatal consequences. What is even more scary is the fact that this phenomenon is increasing with every passing day and today a stage has come when rarely does a day passes without the news of at least one major accident hitting the headlines. And if the deceased person happens to be the only earning member of his family then the plight of such a family can easily be understood. It wouldn't be wrong to say that they would be drawn to disaster. Particularly if they happen to live in UK for the cost of living is immense in UK. It is with the intention of helping out all such families that life insurance UK was devised.

A fantastic service, it goes a long way in ensuring that families that undergo such tragedies don't have to suffer from the financial crunch at least. All that one is required to do is to get himself insured so that when such a tragedy strikes one's family has some cushion to fall back on.

However, to gain from life insurance UK people would do well to take care of a few points. First of all they must ensure that the policy comes to life as soon as it is signed. Secondly, they must also ensure that no wrong information is paid to the insurance company as well as the fact that there is no default on monthly premiums.

If these precautions are taken then there can be no denying the fact that life insurance UK can actually go a long way in helping such hapless families who have lost their only earning member.

Source: articlesbase.com/insurance-articles/life-insurance-uk-
protecting-uk-from-uncertainty-331765.html

Life Insurance - How Much Do I Need?

If you have a mortgage, partner and children, then the first things you’re going to have to do is ensure that you take out enough cover to pay off the mortgage and any other debts in the event of your death.

Following this, if you are the sole breadwinner for the family, then you will need to figure out how much you need to “leave behind” to ensure your family’s standard of living is maintained.


Such costs will obviously vary considerably, as a rule of thumb though, taking out cover that will ensure your family receives at least 10 times your annual salary should be sufficient.

If you live a particularly “wealthy lifestyle”, or say, want to ensure your children’ have enough to get through university comfortably then it may be that the cover needs to be in the region of 25 times your annual salary.

The actual cost of the premiums you will have to pay will vary considerably, depending on numerous factors. Some of these include but are not limited too; type of cover, its length, the size of the sum, the covers flexibility and the number of people covered by the policy.

Personal health circumstances will also play a large role in determining how much you will end up paying for your life insurance.

You may be presented with the option to opt for “fixed” or “guaranteed” premiums, which although they may seem the more expensive option compared to variable options, are likely to work out more cost effective in the long run.

If you are unsure about any aspect of your life insurance cover then it’s always a good idea to consult with an IFA (Independent Financial Advisor).

Searching online is also an excellent option to make sure you are being offered reasonable life insurance quotes.


Source: articlesbase.com/insurance-articles/life-insurance-
how-much-do-i-need-332357.html

Cheap Life Insurance Something Else To Consider

One source of cheap life insurance is Group Life Insurance. This type of insurance is generally offered through your place of employment. Because many individuals are covered under a Group Life Insurance plan, the rates your employer offers tend to be very affordable. While Group Life Insurance may sound enticing, realize that the coverage being offered is usually not going to be enough to meet the needs of you and your family.

In other words, it might be necessary to supplement this cheap source of life insurance with another policy.

Two big assumptions

How can an employer offer such cheap life insurance? Typically, the employer acts as the owner of the policy and participating employees are considered the insured. Under this scenario, the insurance agency calculates its risks based on a "pool" of individuals. Agents start with the assumption that it is extremely unlikely all or even a significant portion of the insured will die at the same time.

The insurance company also assumes that not everyone will work at that place of employment until retirement age. What that means to the insurance company is that it will be covering the group for a shorter term than it would when only insuring an individual. These two assumptions alone enable the insurance company to offer significantly reduced rates.

How much do employees contribute?

A company that offers group life insurance to its employees may offer participation in the group plan at no cost to employees. That's definitely cheaplife insurance! Life insurance in this case is promoted as a company benefit. When employees don't pay into their life insurance plans, their death benefits generally are equal to one year of salary. Sometimes a company offers more benefits to management or to union employees.

In the case where an employee has the option to voluntarily contribute money towards the Group Life Insurance plan, death benefits generally are much more substantial. When an employee contributes, it's usually also possible for the employee's spouse and child(ren) to get life insurance coverage under the Group Life Insurance plan.

Not only is it usually cheaper to get life insurance through a Group Insurance Plan, employees benefit in another way. They usually won't have to take a medical exam. In other words, an employee is insurable even if he or she has a preexisting medical condition.

When you're looking for cheap life insurance, don't overlook your employer. It's a reliable source even if it's necessary to supplement this source. If you do decide to pursue this option, it's important to thoroughly understand the company policy as it applies to life insurance. In particular, you want to know what happens to the policy should you decide to voluntarily terminate your employment.

The policy typically terminates upon your departure; however, some company policies offer the option of continuing the Group Insurance Plan. In this situation, employees should expect to pay more out of pocket expenses. Even so, it's still going to be a cheap source of life insurance.

Source:articlesbase.com/non-fiction-articles/cheap-life-insurance-
something-else-to-consider-24920.html

Heart Attacks and Cheap Life Insurance

Are you in need of a cheap health insurance policy for yourself or your family? If so, your best bet is to start your search by getting several free health insurance quotes and then comparing the costs and the coverage provided. Once you've gotten your free quotes you'll want to contact a few of these companies directly for more information.

There's something about the phrase "cheap life insurance" that bothers me a little bit. Rather than say "cheap", I'd prefer to say, affordable, inexpensive, low cost or something along those lines. Somehow by saying that something is cheap it could very easily be perceived as low quality. Anyway, in the area of health insurance you won't find many cheap policies anyway, though some will be more affordable than others.

Does your empoloyer offer group coverage? If so, you would be much better off to buy coverage through there than you would be to get it in the private sector. There's strength in numbers and buying group is much more affordable than buying single policies. Unfortunately, a lot of employers can't afford to provide health insurance any longer.

You may have to reduce the coverage of a life insurance plan in order to get it within your budget. You might be able to do this by reducing the amount of care provided within a policy. Sometimes this is possible and sometimes it's not. Another thing that you can do is to raise your deductible to the maximum amount possible. I realize that this seems to defeat the purpose of having health insurance, however, the idea here is to cover yourself against long term hospitalization and do your best to pay for your regular doctor visits yourself.

We're between a rock and a hard place here in the USA right now as far as having cheap health insurance options. I recommend that you do what I suggested above and do your best to find an inexpensive plan that's within your budget.

Source:articlesbase.com/loans-articles/loans-for-bad-credit-
are-now-available-to-remove-problems-319188.html

Finding the Right Cheap Life Insurance Policy

Finding the Right Cheap Life Insurance Policy

While getting a life insurance policy is important you will need to look for ones that are best suited for you. Among the insurance policies that you can get are cheap life insurance policies. To help you find the right cheap life policy you will find that there are different life insurance companies to provide this help.

There are times when people will need to have some type of cheap life insurance. When these times come you will look for trusted companies with which you can take out a life insurance policy. To help you in this endeavor you will find that there are lots of different life insurance agents. These people have the training and the knowledge that you will need.

You can ask these people questions about the various life insurance policies which are available from the company. You will need to make sure that you have asked questions which pertain to the subject matter at hand. When you make an appointment with a life insurance agent makes sure that you have all of the documents which you might need ready in order to get your life insurance readied.

You will need to look into the many different cheap life insurance policies just to see if the one you are looking at is suited for you. You should understand that while many of the life insurance terms are basically the same there will be some differences. These differences will be apparent if you take a look at two identical life insurance policies.

You will however need to make sure that one of the insurance policies that you are examining is that of a cheap life insurance policy. The other insurance policy that you are looking at is that of a higher end policy. Until you have read all of the information that is contained in these two policies it is wise to keep the policies to aside. Now once you have looked at these two documents you might want to think about which terms are more important to your life.

Once you have found out all of the details you can make a decision about applying for the life insurance policy which will help you in rough periods of your life. So when the time comes for getting a cheap life insurance policy you might want to see what your options are. You will be glad that you looked and secured your future with a low costing life insurance policy.


Source:articlesbase.com/insurance-articles/finding-the right-cheap-life-insurance-policy-307573.html

Life Insurance Agents & the Wow Experience!

How many times have you found yourself saying WOW due to an experience provided through a business?

And think about this, many times the "WOW" is caused by something little. Sometimes, it's the "little" things and the attention to details that can really separate one company from another.

- At a hotel, it may be that there are cookies at the checkout counter for you in the morning, or that the cleaning service leaves a chocolate on your pillow.

- In a restaurant, it may be that the waitress always refills your drink without you having to ask or that you didn't have to wait forever for your food.

- At the local coffee shop or diner, maybe it's that the person behind the counter remembers that you like your sandwich with mustard not mayo.

- At the local cleaners, maybe it's that they always send you a birthday card with a gift certificate for $10 of free cleaning services.

Think about it … sometime it's the minor conveniences or the little extras that a company does that really separates them from everyone else. And many times...it's those little things that keep you coming back and that get you talking.

You see, if a company "WOWs" you even with little things, you are more likely to tell other people how great they are and that they should try them out.

I got to thinking about this because of a trip I took this past weekend. I took my children to a resort in the Pocono Mountains of Pennsylvania called The Great Wolf Lodge. Not only were my children amazed from the moment they walked in the lobby, but that feeling continued throughout our entire stay.

I have to admit, I was blown away by the conveniences provided by the Lodge. Ya see, it's mostly known for its indoor water park… So you spend a lot of time in your bathing suit (okay, okay - hold the visual there).

I'm sure you've been to a water park before where you have to keep going back to some dirty locker every time you need to get money or you have to figure out how to carry it with you without getting it soaked. Anyway, this place gave us wrist bands for the rides that doubled as credit. So, we could use the wrist band to get on rides, as our room key, and to purchase just about anything on the premises. It's a very simple concept, and probably very cheap since the park is giving out wrist bands for the rides anyway but it does create that "WOW" experience.

Obviously, the kids loved the park. But, this company did "little" things to keep it enjoyable for the parents too. For one, there was a Starbucks in the lobby … need I say more. Plus we never waited more than 5 minutes for any slide or ride, so we didn't have to listen to the kids whining and complaining all day.

The great thing about creating a "WOW" experience is that it makes people want to continue to do business with you. And it also makes you want to tell all of your friends about it. In fact, the day we got back, my daughter spent half the day calling all of her girlfriends to tell them about what a great time she had.

Keep in mind that it doesn't take much to create a "WOW" experience.

So, what can you, as a life insurance agent, do to set yourself aside from your competition and create a "WOW" experience for your clients, prospects and leads?

It can be something cheap and little, but just remember; sometimes those little things can make a world of difference between you and another life insurance agent.


Source:articlesbase.com/insurance-articles/life-insurance-
agents-the-wow-experience-306027.html

Life Insurance UK : a Real Boon

One of the striking things about the life of present times is the furious pace at which it is lived. It is this aspect that has affected the life of humans in a big way. Everyone today is in a hurry to reach to his destination. To the extent that people even jump traffic lights and violate other traffic norms. It is because of this that that rate of accidents have grown up at an alarming rate. Particularly in UK they have reached a scary proposition. What is even more depressing is the fact that most of these accidents prove to be fatal. Imagine the plight of the families who lose their only earning member in some mishap. Needless to say that they would be drawn to the brink of disaster. It is here that life insurance UK steps in and ensures that such families don't feel financial crunch even at such critical juncture.

Considering the difficulty that a family with no income would face, it is very easy to imagine the plight of such families. It is to save their families from such a calamity that people are advised to go for life insurance.

However, to gain from life insurance UK people are advised to take care of a few things to ensure that they gain fully from it. First of all one must ensure that the policy comes to life as soon as it is signed. The formality that is required to stake for the claim should also be clearly understood. People should also ensure that no wrong information is provided to the insurance company as well as the fact that there is no default on monthly premiums.


Source:articlesbase.com/insurance-articles/
life-insurance-uk-a-real-boon-313414.html

How to Get Cheap Term Life Insurance for a Child

Everyone knows adults should have life insurance. But what about buying term life insurance for your child? Can you find an affordable term life policy for children – and do children even need life insurance? Well, that depends on who you ask.

The Pros and Cons of Life Insurance for Children

Some financial experts believe you should never buy life insurance for children. Children, they state, are not breadwinners and have no income to replace. The money spent on a policy for children could be better invested elsewhere.

Other financial experts take the opposite opinion. They believe that child life insurance can provide security for families. Should the unthinkable happen, it can help families pay for ...

* Medical and funeral expenses

* Counseling for parents after a child’s death

* Time needed off from work

They find that the minimal expense of a term life insurance policy is worth the peace of mind it provides.

Finding Term Life Insurance for Children

If you decide to buy life insurance for your child, your first step should be to check your own policy and see if you can add a child death benefit rider. Many companies offer this feature, although you may be limited to $5,000 or $10,000 worth of coverage.

If adding a child death benefit rider to your policy is not an option, or if you want higher limits of coverage, you'll need to purchase a separate policy. The exact rate you'll pay depends on:

* The company you choose

* The age of your child

* The coverage you want

The best way to find a cheap policy is to visit an insurance comparison website. On this type of website you complete a simple online application, after which you'll begin to receive rate quotes from multiple A-rated companies. You can then compare those quotes and choose the cheapest policy with the coverage you want.

On the best comparison websites you can even talk with insurance professionals and get answers to all your questions (see link below).

Source:articlesbase.com/insurance-articles/how-to-
get-cheap-term-life-insurance-for-a-child-314713.html

Obtaining A Life Insurance Quote

When obtaining a life insurance quote, you may think of approaching one insurance company that your family has used for years. That is no longer the case as the marketplace is wide open and the insurance companies are all vying for our custom, offering competitive deals on affordable life cover. The problem of how best to source the insurance marketplace is easily resolved by using a specialist website that gives full access and helps you find the best deal.

Using this specialist website allows you to find the best life insurance quote quickly and easily. Having only to enter your details the once, it instantly provides information which can be organised in a format that best suits your needs. It can be saved and retrieved later at your convenience allowing effortless comparison the policy contents. This saves you both time and money and reduces the stress of finding the best life insurance quote and there is no obligation to buy the policy.

Nowadays, when taking out a mortgage or loan, you are no longer required to use the insurance company specified by the lender. You have the freedom to choose from which life insurance provider you buy the policy. As this specialist website is independent and not affiliated to one particular life insurance company, the information provided is impartial. This may be a consideration for those who do not wish to use a financial adviser and incurring their subsequent fee. This unbiased service enables you to select the life insurance quote that offers the appropriate cover, from an extensive range of trusted life insurance providers.

When searching for a life insurance quote, we normally look for the lowest premiums available. Factors governing the size of the premiums are the sum to be insured, the period of insurance cover, your age, your sex, occupation and whether you smoke or not, (normally someone who has not smoked for at least twelve months is classed as a non smoker). Occasionally, insurers will place qualifications on the life cover, for example, the completion of a medical examination, before they agree to provide life cover.

If you are looking to take out life insurance so that you loved ones will receive a cash sum upon your death, it is important to be aware that you are only covered for as long as you pay the monthly premiums. If you stop paying the premiums, the policy stops. In addition, as there is no investment element with 'term life insurance' (the cheapest and most basic form of life insurance), there is no maturity value payable at the end of the term. The most appropriate type of life insurance for this purpose would be Level term assurance. This pays a one-off lump sum upon your death if it occurs within the duration of the life insurance policy and the value of this sum remains constant throughout the period of the policy. Premiums are normally paid monthly although some policies allow annual payments.

It is important to review the policy details carefully before choosing a life insurance quote. All these aspects of life insurance can be compared easily using this specialist website, allowing you to make an informed decision.

Source:articlesbase.com/finance-articles/
obtaining-a-life-insurance-quote-321142.html