Do you want a very cheap life insurance rate that will NOT make you stay with inadequate coverage? Then apply the following tips and you'll pay far less for more...
1. If you decide to pay your premiums monthly, you'll pay higher rates. Yes, paying monthly might be less stressful but it is also much more expensive.
There are transaction fees that are incurred when processing a check. For 12 checks (that is, your monthly payments) you will have a sum of twelve transactions. This implies that transaction costs would be 12 times more for individual who make monthly payments.
That is one side of it: Insurers also incur certain administrative costs for your monthly premiums. For example, it costs insurance companies millions of dollars every year to mail payment notices.
These costs plus a profit margin for this "value-added service" is factored into your life insurance rates making it more than a comparable profile that pays annually every year.
2. If you participate in high risk or dangerous sports you'll attract high rates. It is therefore up to you to quit such dangerous sports if you want lower rates.
3. Believe it or not, the way you drive can affect your life insurance rates negatively. Being found guilty of traffic offences is not just bad for your auto insurance rate it also has an effect on your life insurance premium. The simple reason is that if you're such a driver, you'll most likely require medical attention for crash related injuries than a very cautious driver.
Hence, good driving does not only help your auto insurance, it also helps you get lower rates in life insurance. Fast muscle cars and super bikes can also make you pay higher premium because they make you a bad risk. This is because they will more easily cause the policy holders death due to their higher risk of accidents.
4. Professions that are regarded as hazardous get more expensive rates. You'll get cheaper rates if you quit a hazardous occupation for something safe. If your occupation exposes you to hazardous substances, for example, your life insurance premiums will be much more than that paid by a comparable profile who probably works as a receptionist in a shop.
5. You will save a lot of money on life insurance if you get and compare quotes from five or more quotes sites. In one case study of a profile, the insurance quotes site used returned many quotes as usual. The exciting thing was that the difference between the highest and lowest quote was more than $2,000. You could save this much depending on your profile and how well you shop.
Here are recommended pages for life insurance quotes...
InsureMe Life Insurance Quotes
Life Insurance Quotes
Chimezirim Odimba writes on insurance.
Source: EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
1. If you decide to pay your premiums monthly, you'll pay higher rates. Yes, paying monthly might be less stressful but it is also much more expensive.
There are transaction fees that are incurred when processing a check. For 12 checks (that is, your monthly payments) you will have a sum of twelve transactions. This implies that transaction costs would be 12 times more for individual who make monthly payments.
That is one side of it: Insurers also incur certain administrative costs for your monthly premiums. For example, it costs insurance companies millions of dollars every year to mail payment notices.
These costs plus a profit margin for this "value-added service" is factored into your life insurance rates making it more than a comparable profile that pays annually every year.
2. If you participate in high risk or dangerous sports you'll attract high rates. It is therefore up to you to quit such dangerous sports if you want lower rates.
3. Believe it or not, the way you drive can affect your life insurance rates negatively. Being found guilty of traffic offences is not just bad for your auto insurance rate it also has an effect on your life insurance premium. The simple reason is that if you're such a driver, you'll most likely require medical attention for crash related injuries than a very cautious driver.
Hence, good driving does not only help your auto insurance, it also helps you get lower rates in life insurance. Fast muscle cars and super bikes can also make you pay higher premium because they make you a bad risk. This is because they will more easily cause the policy holders death due to their higher risk of accidents.
4. Professions that are regarded as hazardous get more expensive rates. You'll get cheaper rates if you quit a hazardous occupation for something safe. If your occupation exposes you to hazardous substances, for example, your life insurance premiums will be much more than that paid by a comparable profile who probably works as a receptionist in a shop.
5. You will save a lot of money on life insurance if you get and compare quotes from five or more quotes sites. In one case study of a profile, the insurance quotes site used returned many quotes as usual. The exciting thing was that the difference between the highest and lowest quote was more than $2,000. You could save this much depending on your profile and how well you shop.
Here are recommended pages for life insurance quotes...
InsureMe Life Insurance Quotes
Life Insurance Quotes
Chimezirim Odimba writes on insurance.
Source: EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
No comments:
Post a Comment