Is Cheap Life Insurance Really A Sensible Option

The term 'Cheap life insurance' is to some extent a difficult statement to define. The term can mean that they are the cheapest quotes in their category of cover, but that can mean that it is very expensive but the cheapest available option. Some articles claim that it is out there but that depends on what you consider is the best option. If one accepts the maxim that you get what you have paid for, does this mean that you are under insured. If that is the case then there may well be a problem in the case of the policy holders untimely demise.

However if you yourself are under-insured then chances are you may never know anything about it, because the problem will not surface as economic hardship until after you are dead. Which means that cheap life insurance can be defined as an oxymoron or a contradiction in terms!

These policies cover you against the loss of income during a specified term, which may be fifteen, twenty or thirty years. However when considering this type of cheap life insurance it is important to bear in mind that your fiscal responsibilities are not static over a life time. When you first get married your requirements may well be less than when you have three pre-school age children. However all quotes should be individual, you may consider that your wife or partner is young and fit and she can work in the event of your death. It is all a matter of risk if you die in an accident and she is disabled then the position changes. What began as a cheap life insurance suddenly becomes a nightmare for your surviving partner. Under normal circumstances your requirements increase when you have children, but even then they are not static requirements. A college fund for three children is more expensive than sending them to kindergarten.

Insurance, even life insurance is a commodity, and best value life insurance quotes are simply quotes that offer the best value for the term that you require offering the cover that you require. However research is the key to obtaining the best value life insurance and a financial advisor can be invaluable. The first part of the research is to decide what category of life insurance is best to suit your needs. Certain aspects of life insurance are blanket terms and most experts agree that the minimum term of life insurance should be until the youngest child is eighteen. All life insurance policies should be looked at with the needs of your individual child in mind. Some children will be in further education for years after their eighteenth birthday.

Term life insurance policies generally tend to increase over the period of the policy; therefore it is advantageous to take out this type of insurance when you are young. This has a dual advantage because your premiums will be less because statistically you are enjoying a period of better health than when you are older. This is why term life insurance policies are generally regarded as a form of cheaper life insurance.

Cheap life insurance has to be regarded as a policy that has been obtained at the best price, and is not necessarily indicative of the quality of the insurance. Under any form of insurance policy, the insurer undertakes to pay a sum of money in the event of the death of the policy, under certain conditions. It is these conditions which should be investigated. Cheap life insurance may be defined as giving value in the form of insurance at a rate which you can afford to pay.

Cheap life insurance is finding the best value for money, for the type and category of insurance which you require. It is not about undermining the cover which your family may need in an emergency.

Source: articlesbase.com

Cheap Life Insurance

Everyone needs life insurance if you think that you can not you have a large ceiling, at least a little could mean a lot of help when the time in need. This can be avoided by the experience. For couples with children regarding the life insurance as a necessary element for the protection and the people who need this unique and the oldest. Older people have a reason to own policies, and not only because the children grew up and remote means that the old no longer need coverage. May you do not need so that young people with children, but they are better than not. Possibly a Cheap Life Insurance for the elderly could mean a very good security for them.

Today, medical costs are very expensive, if the older people have their retirement May, they are no longer the ability to take care of the family, hang them from their children, but for those that many large savings banks and property, May, they need life insurance Because the fees can be very high. For those who are not many savings, the children may not have the time to deal with their parents, and many are from the old people who are under the custody of the former house of folk music.

The death is inexorable and inevitable, imagine if someone died, without money, his family, the funeral costs. If there is a policy which enable a lot, the product can set a good market for life insurance in the family contributes to overcoming the financial crisis.

If you think that your wife is young and healthy, and she is able to work in the event of your death, but what happens when you injured in an accident, it must pay all bills and costs for medical treatment. The vice versa May your wife also injured in an accident, if that should happen, you need to use a young girl in the budget to do, and you must pay your wife to medical bills. Check if this is a day on which your May a politician, and a low ceiling for the first stage is better than nothing.

cheap life insurance as a value for the money, a policy which you pay less premium and you are safe. On the other hand, the whole life is not as cheap, it is a policy of coverage and national savings, it has a higher rate than the other products, but it also has its advantages.

Life Insurance Policies - Whole of Life Or Term Life? What Are You Talking About?

The main thing you need to know when talking about life insurance, is which policy is right for you. But that can be difficult. You have to learn what the differences are when it comes to insurance policies so you know which one you should get. Talking with your insurance agent can be a good solution to this problem, because you can learn which policy will work best in your case. First, you should know that there are two main types of insurance: the whole life and the term life .

What is a Term Life Insurance?

Just as the name says, the term life policy will give you coverage for a limited period of time. So, you benefit from the insurance only if you die in the time period covered by the policy. That's why it's very cheap to get the term life policies. People that are in good health or are young are best suited for this kind of policy.

You should keep in mind that you can renew your term life insurance policy. In most cases, you should be able to do that immediately after it expires. Some companies do require you to get a physical before they renew it, and you need to pass it if you want to renew the policy. This physical exam is needed because the insurance is influenced by the age and health of its owner. Actually, the policy is written only after they consider the details of the policyholder's health, age and personal details.

What is a Whole Life Term Insurance?

As for the whole life plan, this is the one chosen by most people, even though it costs more. Just as you might imagine after reading the name, this type of policy pays without taking into consideration the time of your death. There are other benefits coming with whole life insurance policies:

* Tax deferment is an option after a period of time passes.

* Premiums accumulate in time and the policy is worth more.

* Your policy isn't affected by the health or age of the owner.

* You can pay the insurance with the premiums that it gets, so you don't have to put money in it.

There are plenty of whole life policies that are available for you to choose from. There are universal, whole, variable and variable universal. The premiums do cost a bit more when compared with term insurance because of the character and benefits of the whole life insurance. If the policyholder is young, they might not afford these premiums. Before you choose any insurance policy, you should shop around and see what different quotes you can get. Look at their reliability, affordability and benefits.

Which Policy to Get?

If you know what differences there are between life insurance policies, it should be easy for you to pick one that is good for you. The main thing to look at is if you can afford it. Once you get past the money, you can look at coverage and benefits, and see what works best for you. The reliability of the company where you buy the insurance from is another thing you should take a look at.

Source: EzineArticles.com/

Cheap Life Insurance - Get These Right

C It's essential that you get certain factors right when you buy life insurance. Any low price that does not give you the right blend of both great service and adequate coverage, is not quite worth it. You'll get what's in your best interest if you take some issues into consideration as you shop decide on a life insurance provider.

1. Ensure the insurer you eventually choose is licensed to sell life insurance in your state. After verifying their legitimacy also confirm their reputation. Use institutions such as BBB, A.M Best Company, Phelps, Inc., Standard & Poor's Insurance Rating Services, Moody's Investor Services, Inc. and others to determine how good their ratings are.

2. Ask those around you their take on various companies. Find out the level of service they get and what they pay where you can ask them. Your task is easier if they show great satisfaction with their agent and/or insurer. All you'd have to do is just shortlist them as possible options for you.

Even though it looks fine to opt for an insurer or agent that is raved about by your trusted acquaintance, it also pays to have a chat with more than one good agent. This will ensure you compare better for the very best service and rates. . Get quotes from each agent. Have some time with each of them; see their response, and who has the best value. This may involve quite some time.

3. You can save much money in life insurance if you get and compare quotes from online sites. You'll make savings if you use just one of such sites. But, you'll get better results by visiting at least three. The simple logic in this is that you will receive many more quotes from many more insurers. This increases your chances of receiving better quotes.

4. While looking for low cost life insurance be certain that you don't become carried away by just the lowest quote. You should be wary of a cheap quote that does not offer you a good value to price ratio. You can get very low rates that give you the value you are after if you do your shopping well. But be prepared to pay slightly more if necessary to get adequate coverage.

In a number of situations very low rates also come with great value but at other times they could have a poor quality. A life insurance offer that gives inadequate coverage does not make sense even if it's 500% cheaper than the quote that offers you adequate life insurance coverage.

Here are my favorite pages for life insurance quotes...

InsureMe Life Insurance Quotes

Life Insurance Quotes

Publishers can get unique versions of my articles by following any of the links above. Click on "To Use My Articles" when you get to my site.

Source: EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba

The Difference Between Term Life Insurance & Whole Life Insurance

Obviously you need life insurance. It's the easiest and simplest way to protect your family from the unexpected curveballs that life can throw at you. During times of loss and grief, life insurance provides a financial safety net that allows you to focus on the important aspects during times of trouble - and not have to worry about making heart-wrenching and difficult monetary and property decisions.

Many people are aware of term life insurance and whole life insurance. After all, in terms of these options, they are two of the most popular choices that people look for. And each one has its own unique features and benefits that they provide to both policyholders and their family members. And in addition to creating the comfort and peace of mind that term and whole life insurance both provide, each has its own special set of nuances which warrant further investigation.

In order to get the most from your plan, you first need to fully understand what you want from it. You might be looking for a policy that is rigid, static, and which simply requires that you make your monthly premium payments. Or perhaps you want a life insurance program that is flexible, and that permits you to make changes to it on the fly. Once you have determined what your needs are, you should become familiar with both term and whole versions to see what they can offer you. Then, you should make an appointment with an experienced life insurance expert to help you make the right choice for you.

So, here are the basic differences between the two.

Term Life Insurance is a plan that only protects you for a specified period of time. That time frame can be 10, 20 or even 30 years. And in some occasions, it can even last as long as 40 years. Once the term has elapsed, you can choose to renew it or not. With this, you can get a large amount of coverage protection for a small and manageable monthly premium. For example, you may be able to obtain a $100,000 policy for as little as just a few bucks per month. Of course, this all depends on the length of your term and other mitigating circumstances.

Whole Life Insurance is a more permanent plan, whole life protects the policy holder for the duration of their life until death. The unique aspect about whole life insurance is that it can accrue a high cash value, which allows the policyholder to borrow funds against its balance. Additionally, you can pay the full value of a whole plan over a few years, which can even send the overall value of the policy even higher.

These are simple differences between both types of insurance plans. The only way that you are going to get the most from your life insurance coverage is to meet with an experienced broker and get all the facts that you need from someone who works within the industry. Additionally, you also have to take stock of your own life, your health, and what you want your plan to deliver to you on a regular basis.

Jeffery Saunders is interested in life insurance and wants to help people get the most out of their life insurance policy.

Jeff believes that the more you know about term life insurance, whole life insurance and other insurance options, the better prepared you will be to protect your family.

Source: EzineArticles.com/?expert=Jeffrey_Saunders

Five Steps To Cheap Life Insurance Premiums

Life insurance is all about calculating risk. When you take out a policy, you and your insurance company are both hoping that you'll never have to make a claim. Insurance companies are experts at assessing risk, and calculating how likely it is that a certain type of person will die at any given age.

People are classed in categories, such as low-risk and high-risk-depending on their age, health and lifestyle, and those high-risk people pay much higher insurance premiums, because they're more likely to die sooner rather than later. How can you make sure you're in the low-risk category? Try following one or more of these five suggestions.

Become a Vegetarian

Some insurance companies are beginning to include diet in their risk assessment when they calculate premiums. They know that a meatless diet is much healthier than one that includes large amounts of animal protein. No animal protein and much less saturated fat in the diet means vegetarians have a 40% lower risk of developing some cancers, and a 30% lower risk of developing heart disease.

Not all insurance companies take vegetarianism into account when calculating premiums, but if you're a vegetarian your arteries are going to be in better shape, you may have lower blood pressure and cholesterol, so those factors can help you get lower premiums with some providers.

Lose Weight

Obesity increases the risk of cancer, diabetes, hypertension and heart disease, and on average, obesity reduces life expectancy by nine years. Not surprisingly, insurance companies view obesity as a risk factor, and the higher your body max index, the higher your insurance premiums.

If you're overweight or obese, you're paying a much higher premium than you need to and, you're reducing your life expectancy as well. Losing weight will cut your insurance premiums and might just give you a new lease of life too.

Women: Get Covered Before Getting Pregnant

Insurance companies view pregnancy as a high-risk condition, due to illnesses that may affect pregnant women. For example, previously healthy women may develop diabetes or hypertension during pregnancy, literally without warning. If you are pregnant when you apply for life cover, you can expect much higher premium quotes than you'd get either before or after pregnancy. You'll typically pay at least 50% more for premiums if you apply while pregnant. To keep your premiums low, buy life cover before getting pregnant.

Give Up Extreme Sports

Also on the long list of things that insurance companies view as risky are extreme sports such as sky-diving, mountain-climbing and bungee-jumping. If these are your favorite sports, you're going to pay much more for your life cover.

However, even if you're not an extreme sports lover, it might pay to check your premium and find out how your favorite sports are classified. Some insurance companies put much safer sports such as horse-riding in the high-risk category, so you're better off finding an insurer with more favourable sporting classifications.

Give Up Smoking

The new emphasis on obesity doesn't make the risks of smoking any less. Insurance companies still charge smokers up to twice as much for their insurance premiums as they do non-smokers. If you're a smoker, kicking the habit will save more on your insurance than any other lifestyle change.

In addition to the above steps, one of the most powerful money saving tips is to compare as much of the market as you can and use a discount life insurance broker. If you know what cover you need you can get discounted life insurance quotes from Life Saver who compare up to 20 insurers instantly online.

Source: EzineArticles.com/?expert=Chris_Johns

Finding Cheap Life Insurance is Easy

If you've been putting off buying life insurance or increasing the amount of coverage you already have, don't wait any longer! Cheap life insurance is easy to find. In fact, rates have been dropping for the last ten years and are expected to continue dropping throughout 2008, especially for term policies.

How much? Well, ten years ago, a healthy 40-year-old man would have paid $515 for a $500,000, 20-year term policy. Today, that same policy is only $345.

The best way to cash in on the cheapest prices for your life insurance is to comparison shop for a policy through an insurance comparison website (see below). By filling out a simple form, you'll receive quotes from several A-rated insurance companies.

However, before you decide to buy, you should stop and ask yourself a few questions.

Do I Need the Protection of Life Insurance?

Life insurance protects your loved ones and helps ensure their financial security. You may need life insurance if ...

* Anyone depends on your financial support, whether children, a spouse, a business partner, parents, or anyone else

* You want to provide funds to pay off debts, medical bills, funeral expenses, or other financial needs after your death

How Much Life Insurance Do I Need?

You can talk with an insurance professional on the better insurance comparison websites to get some help deciding how much coverage to buy (see link below). They are not paid by commission, so they have no interest in steering you towards a higher amount than you need.

A good guideline is to buy five to ten times your annual salary.

Should I Buy Term or Whole Life Insurance?

Term life insurance is less expensive because whole life includes an investment component. Just be sure that whatever type of policy you choose, you can afford to keep paying for it in the long term.

Take a few moments now to secure your family's future through the gift of life insurance for yourself.

Source: EzineArticles.com/?expert=Brian_Stevens

Life Insurance - Don't Fear the Reaper

fDeath is a part of life, yet many people don't consider the fact that when the Reaper comes knocking, their loved ones will be left behind. Providing support for your family in the form of life assurance can help in the most difficult times by easing any financial worries they may otherwise have.

The most common reasons to take out a life insurance policy are:

Mortgage payments
If you have an outstanding balance on your home, a life insurance policy could take care of this, ensuring your family won't be made homeless, thus adding to the grief.

Income replacement
If you are the main wage earner, a life insurance policy could replace the income you would otherwise have made, avoiding financial hardship for your family.

Childcare support
If your partner is left alone with small children, life insurance can provide the money to pay for necessary childcare.

Education
A life inssurance policy can help provide the fees for your child's education at school or university.

There are as many different types of life cover as there are reasons to have it. It can be confusing, so if you're unsure about which would suit you it's best to compare different policies and seek further advice before deciding. Here's a summary of the most common types of policy:

Level Term Assurance
This type of policy is taken over a fixed term and pays out a lump sum if the policy holder dies during that term. The sum payable remains guaranteed throughout.

Decreasing Term Insurance
Similar to Level Term in that the policy is over a fixed length of time, but the sum decreases over the duration of the policy. Commonly used to protect mortgage interest repayments.

Convertible Term Assurance
The same as Level Term, but with an option to convert to a Whole of Life or Endowment insurance policy.

Whole of Life Insurance
Guarantees a lump sum on the policy holder's death, provided payments are maintained. Does not run out, and premiums are fixed for the first ten years.

Endowment Life Insurance
This type of policy takes your premiums and invests them in the stock market, and pays out the returns upon the end of the term or the death of the policy holder, whichever comes first. It can be a tremendous asset to someone who understands stocks and shares.

Family Income Insurance
As the name suggests, this policy will help out widows or widowers with a family to support. Rather than a single lump sum, this policy pays out the sum in the form of regular monthly payments. Payments last for however long is left on the term at the time of death.

Some life insurance policies come with additional benefits such as critical illness cover; a sum is payable should you be diagnosed with certain illnesses like kidney failure, cancer or Parkinson's Disease. You may also be offered a waiver of premiums; a form of PPI which will continue to pay your premiums if you cannot work for health reasons.

As with all insurance policies, life insurance should not be rushed into. It's important to understand exactly what you're signing and paying for, and any exclusions which may apply. Some policies will not result in a payout if death occurs due to a pre-existing condition, or one which was known about and not declared when the policy was taken out. Others refuse to pay out for deaths caused by undertaking dangerous activities such as extreme sports.

Protect your family with a life insurance policy. Taking out a Level Term Assurance or even a Whole of Life Assurance policy can help your nearest and dearest through the hardest times.

Source: EzineArticles.com/?expert=Jay_Tillotson

Understanding Canadian Term Life Insurance

Are you adequately covered with life insurance? The truth is that most families are underinsured against an unforeseen premature death. While this is not a topic that most like to discuss, it is important to consider and take action to resolve. Protecting your assets and your loved ones typically involves purchasing life insurance. There are many different types of life insurance to become familiar with, although today we are just going to discuss insurance.

What is term life insurance? It is an insurance policy that protects the insured party for a specific time period, called the term. For example, if you purchase a 1 year term life insurance policy, the policy will protect the insured individual for the entire 1 year period of time. If anything were to happen to the insured party during the term, the insurance company would pay out the death benefit to the beneficiaries. The beneficiaries are determined at the time of the insurance application, although they can be changed in the future.

There are many reasons that people buy term insurance. To start, it is generally the least expensive type of life insurance. If you are looking to insure yourself for a large amount, this will be the most affordable option. In addition to the price, Canadians also buy insurance to protect people and things during a specific duration of time. For example, suppose that you want to insure your family for a higher dollar amount until your children graduate from high school. Or, maybe you want to make sure that your spouse is protected until you both reach the age of retirement. There are many reasons such as this that a insurance policy would be the most appropriate option for you to consider.

One downside to term insurance is that when the term is up, you will have to renew at the insurance rates at that time. Due to that time being at a point in the future, the rates are almost always substantially higher. The best thing to do when you are planning to purchase Canadian life insurance is to plan ahead and choose the most appropriate term length for your personal needs.

When you are starting to shop for insurance, you will find great rates by shopping online. Search the major insurance carriers and trusted sites to gather information and to compare rates.

As you are shopping, keep in mind that your insurance rate will be determined by the life insurance company, your age, your health status, whether you smoke or not, your gender and the amount of life insurance that you have requested. Be as accurate as possible on the insurance application and when you are getting rates. Research companies, compare rates and make the best selection for you and your loved ones.

Source: EzineArticles.com/?expert=Monty_Loree

10 Ways To Get Cheap Life Insurance

Your age and health will affect what you pay for your life insurance.

If your lifestyle is too risky, you're in the military or you have unhealthy habits like smoking or drugs.

However, even if you're not the healthiest person out there, there are still ways to save on your life insurance.

1) Don't count on being able to save as much if you are no longer employed. Before you make any big decisions on retiring or becoming unemployed, be sure to check and see if your employer will continue to split life insurance costs with you.

2) Be honest in your responses to questions. If you smoke, you should admit to it rather than trying to hide it. This may cost you at first but will save you money in the long run.

3) Typically, you can pay your life insurance premium once a year, once every half-year, once a quarter, or once a month. Paying quarterly or monthly might seem easier to fit into your budget, but some companies charge high fees for paying premiums frequently. If a company levies high charges for paying more frequently, try budgeting so that you can pay your premium only once or twice a year.

4) If you are in poor health, there are companies that specialize in high-risk applicants, although the premiums for these policies can be expensive and in many cases the face amount is limited. If you are in truly poor health it may be worth considering one of these companies as an alternative and comparing rates.

5) Be careful of "churning." While most life insurance agents are honest, watch out for ones that try to "sell" you too much or get you to sign up for policies you are not comfortable with. Agents only get paid when a sale is made so sometimes they can be overly aggressive.

6) Lose weight! Being overweight costs more than most can imagine - overweight people spend more on life insurance because increases in weight are related to increases in diseases and bad health.

7) Keep your plan flexible! Special clauses known as riders can always be added to your policy. Two common clauses available with term insurance, the renewable and convertible clauses, are especially good to get for those seeking cheap life insurance.

8) All policies are not the same. Some provide lifetime coverage, while others provide coverage for a fixed number of years. Some build up cash values and others do not. Some policies can still offer benefits while you're living. Your choice should be based on your needs and what you can afford, so that you get truly affordable life insurance.

9) Consider low load policies. High immediate cash surrender values are carried as an asset on the corporate books so no assets leave the corporation, reducing your risk. Some life insurance providers also use low load policies to fund employee benefits using corporate dollars.

10) There are often hidden costs in life insurance policies, such as fees and large commissions, that you may not find out about until after you purchase the policy. I recommend hiring a no-fee life insurance advisor to research all this for you and provide an objective analysis.

Source:articlesbase.com/insurance-articles/10
-ways-to-get-cheap-life-insurance-347687.html

Tips for Finding Cheap Life Insurance

Cheap life insurance is out there, if you know what you're looking for. That's why it's important to do your research. You've got to educate yourself on the various types of life insurance policies that are available, including additional benefits that may or may not be offered.

Plus, you should make an effort to research your options as they relate to the various life insurance companies. It'll be to your advantage to know what you want and need in terms of cheap life insurance before you start getting quotes.

Term vs. whole life

The first big determinant of cheap life insurance is the type you select. Term life insurance will almost always cost you less than whole life insurance. Term insurance is purchased for a specific period of time, for a specific face value.

Whole life, as the name implies, provides life insurance benefits for the rest of your life, whether that ends up being 10 years or 50. Whole life insurance policies generally have a cash value aspect meaning you'll pay more in monthly premiums. The amount over and above that which is necessary to cover the premium is used for investment purposes.

Even if you do choose whole life insurance, your costs can be lower if you look around for a policy that has lower fees. The fees you want to pay attention to aren't really fees, they're commissions. Commissions can eat away at the cash value of your whole life policy. When researching, look for the term, "low load" as that generally means lower fees.

But be careful. You'll find this type of life insurance won't be cheap if you withdraw funds. When the policy's cash value is greater than the premiums paid, you'll likely have to pay taxes. A loan against the cash value may have the same end result.

Think long and hard about this type of life insurance policy; it's not meant to be a substitute for a more traditional type of investment plan. And the premiums you'll pay will be hefty.

Steer clear of guaranteed issue policies

Also when looking for a cheap life insurance policy, you won't find it in a "guaranteed issue" type of policy. These policies are guaranteed to cover anyone, regardless health. No medical exam is required but that convenience comes with a big price tag.

Because the life insurance company is taking a substantial risk by insuring individuals without knowing their state of health, premiums will be high. If you're healthy, opt instead for a traditional term policy.

If you're not healthy, taking steps to improve your health may help you find cheaper life insurance. Lowering weight, blood pressure, and cholesterol levels are beneficial steps. Kicking the nicotine habit is also advisable. The better your health at the time of application, the cheaper your life insurance premium should be.

Finally, to get cheap life insurance, purchase just what you need. Reevaluate your life insurance needs periodically and adjust upwards or down as necessary. The bottom line: Finding cheap life insurance is possible, but it does take work.

Source: articlesbase.com/non-fiction-articles/tips-for-
finding-cheap-life-insurance-33866.html

Cheaper Life Insurance Rates - Simple Tips - Massive Savings

You can easily get cheaper life insurance rates if you take note of, and implement, a number of things. I'll share a few of such tips here...

1. An excellent credit rating will reflect in your favor with respect to your life insurance rate. Having a poor credit history is simply making it hard for yourself apart from the fact that your rates will be much more. It's normal for insurers to predict that a person who fails in credit card payments will also easily miss payments of life insurance premiums. This perception of high risk makes such individuals get very high rates in life insurance and other insurance policies.

2. Overweight people get a lot more in life insurance rates than people with normal weights. Your BMI or Body Mass Index is a very useful factor in calculating your risk to a life insurance carrier.

A high BMI will always result in an expensive life insurance premium all other things being equal. If your BMI rating is high it simply means that your weight is too much for your height. Now do not wait until when you can lose 30 pounds because shedding 5 pounds can drop you into a lower BMI rating which leads to lower life insurance rates.

3. Those who decide to participate in extreme sports surely attract life insurance rates that are costly. It's therefore compulsory to quit such dangerous sports if you are looking for lower life insurance rates.

4. You can reduce your insurance rate by asking for quotes from reputable quotes sites. Using at least five reputable quotes sites raise the chances that you would make more savings. This is because insurers not represented by one site will be represented by the other. And since the likelihood of receiving lower insurance quotes has to do with the range of quotes you get, the more companies you get quotes from, the brighter your chances.

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

Life Insurance Policy - Interesting And Smart Ways To Get More Affordable Rates

There are many things that will make you pay more or less for your life insurance policy. We'll take a look at some of them here...

1. Note that rates are
The charge a hypothetical insurance company places for every $1,000 of coverage between $250K and $599K is $1.03. However, their rate drops to $0.91 per $1000 for coverage between $500,000 and $749,999. You will pay lower premiums if you settle for a coverage amount that is just more than a multiple of $250K by less than $20K than you would if you picked a coverage amount that is less than that same multiple of $250K by any amount that is less than $10K.

This is to say that you will pay cheaper premiums if you buy $520K of coverage than you would if you bought $490K. Let's do the math...

You'll save $31.50 while enjoying $30,000 more in coverage dollars!

2. Getting your life insurance policy from the same insurer who provides your other insurance policies will get you a discount in life insurance premium. Insurers give you a multi-policy discount to encourage you to buy other policies from them.

3. It's now clearly understood that smoking will attract higher rates. What many might not appreciate is that this is also true if you use any other form of tobacco product. For instance, you'll attract a more expensive life insurance rate if you chew or snuff tobacco. Staying away from all tobacco products will help you get cheaper life insurance.

4. Get and compare many quotes and you'll be in a better position to get the best deals out there. To do this well make sure you visit not less than five reputable sites for your quotes.

Here are great pages for life insurance quotes...

InsureMe Life Insurance Quotes

Life Insurance Quotes

Chimezirim Odimba writes on insurance.

Source: EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba

Cheap Life Insurance Leads

Life insurance is considered to be a ripe market. The need never dies out as young members of the population join the workforce or start earning enough to invest in more life insurance. However, with the increase in people to be covered by life insurance, the number of companies offering life insurance plans suited to the needs of the people have also increased.

There has been a rise in competition among insurance companies as well as increasing numbers of people who need life insurance leads to sustain their life insurance business. Several changes have occurred in the way insurance transactions are made that make it possible for agents to get cheap life insurance leads to increase their business.

One of the best ways to get cheap life insurance leads is to visit websites that provide such leads. These companies take advantage of technology to gather data on the people who want life insurance. Several informational websites have been created that can be visited by people interested in life insurance. These websites compare the features of the various policies available from various companies and provide other useful information. These website also gather the contact details of these visitors. These are called leads, as the person is already aware of life insurance and is at the same time looking for a life insurance policy.

These companies then pass these leads to insurance companies or agents who follow up with these people, and depending, on their skill and expertise with selling insurance policies, manage to sell them a policy. Thus, these online companies play a major role in providing cheap life insurance leads to agents.

Alternately, an agent, who has become an expert himself, can set up a website to solicit these leads for himself. This is one of the cheapest ways to generate leads, as it only requires the agent to spend on the website and on getting the right kind of content for the site that helps people.

However, one disadvantage of such leads provided by Internet companies is that these leads are not properly screened. Also, there is the chance that the company providing the leads is not totally ethical and may provide the same lead to another agent as well. This leads to a clash of interest between two agents, and this may not be good for the business of either of them.

Another way to get cheap life insurance leads is through referrals. Satisfied customers are usually happy to provide referrals to their friends and acquaintances who might be potential customers.

Hence, though cheap life insurance leads are definitely possible in today?s world, one need to tread the path with caution to avoid unnecessary expenditure on leads that do not provide desired results.

Life Insurance Leads provides detailed information on Life Insurance Leads, Life Insurance Sales Leads, Free Life Insurance Leads, Exclusive Life Insurance Leads and more. Life Insurance Leads is affiliated with Variable Universal Life Insurance.

Source: EzineArticles.com/?expert=Elizabeth_Morgan

Cheap Life Insurance Quotes Are Still Attainable If You Are Overweight

Statistics show that there are some 130 million overweight people in the United States. And yes! It is costing them higher premiums on their life insurance. They are paying more because insurance companies know that obesity can lead to diabetes, heart problems, and other health issues. These problems can cause a much shorter life expectancy.

This means that the insurance company won't be collecting your premiums as long as they would hope to. Therefore, they raise the premium rates for overweight people to compensate for their loss. Sadly, many of these people are not really considered obese or even terribly overweight for that matter.

Here's the way insurance companies work it. They go by a height to weight ratio. The insurance company has a scale they go by. Here's an example: Let's say that you’re a 40 year old man and your height is 5 feet 11 inches. Your weight should not exceed 170 pounds. The more you go over that 170 pound limit, the higher your premiums would be. (Note: costs can vary from one insurance company to another. This is just an example)

Now let's say that same man, in his mid 40's, 5 feet 11 inches, and weighing 170 pounds, wants to get a $500,000 Term life insurance policy. He is going to pay around $22 per month. Now, that same mans weight were 230 pounds, he could expect to pay around $64 per month. Fact is being overweight can cost up to an additional $10,000 in premium payments on a 20 year Term life policy.

So, even just a few extra pounds can put you in the 'overweight' category according to the insurance companies scale. Just dropping those few extra pounds could save you a lot of money. Not to mention, make you healthier too!

If you are overweight and paying those higher premiums, lose the extra pounds to put yourself in the insurance companies 'height to weight' ratio. Ask your insurance company to reevaluate your policy when you lose the weight. If they won't do that for you - look for a new insurance company. If you find a new insurance company, and after time you should put the weight back on, the good news is, the insurance company cannot raise your rates! So even being a little over weight should not keep you from finding a cheap life insurance quote.

Please visit our web site for free in-depth information on a term life insurance quote. You can also read free information on a whole life insurance quote or universal life insurance quotes. We will help you decide what's best for you and your family.

Source: EzineArticles.com/?expert=Keith_Ule

How To Get Cheap Life Insurance To Cover Your Mortgage

Mortgage life insurance provides financial protection specifically for your mortgage. In the event of your death, the cover pays the policy sum assured which should equal the outstanding balance of your mortgage, ensuring that your family can remain living in the home.

Since you're already paying for the mortgage you may feel that the extra expense of mortgage life insurance is too much, but in fact it's possible to get discounts that make this insurance much more affordable.

Don't Buy Mortgage Life Insurance from Your Lender

Your lender will strongly recommend that you take out mortgage life insurance, and just as strongly suggest you obtain your insurance from them or an appointed representative. However, shopping around and choosing an independent insurer is very often the most effective way of reducing the costs of any type of insurance. Obtaining insurance from your lender may be slightly more convenient, but this convenience comes at a price.

Level Term and Decreasing Term Insurance

Decreasing term insurance is typically less expensive than level term insurance, because in the former case the amount you are insured for decreases as the amount of your outstanding mortgage balance decreases. Level term cover, on the other hand, provides a fixed sum in the event of a claim, regardless of your outstanding balance.

Choosing a decreasing term policy can save you a few extra pounds each month; however it's best to get quotes for both products before deciding between the two. If the difference between the two quotes is minimal, level term insurance is worth getting because it means that in the event of a claim there may be money left over for your family after the mortgage is paid.

Joint Policies

If you and your partner jointly own the home and the mortgage, it's also worthwhile getting quotes for a joint policy and for two separate policies. A joint policy is not always cheaper, but it costs you nothing to find out, and getting quotes for both will help you to be aware of your options. One point to bear in mind though - if a joint policy pays out on the death of one policyholder, the plan will cease and the survivor could be left without cover (unless a continuation option is selected).

Health Matters

Just as with any other kind of life insurance policy, your health and lifestyle play an important role in determining how much you pay. If you're a smoker, overweight, have a high-risk job or hobby, or a medical condition such as high cholesterol or diabetes, you can expect to pay higher premiums.

Your health is so influential that it's worth reviewing your policy if your health improves substantially in comparison to when you first obtained it. Smoking and obesity, in particular, increase the costs of life insurance by 50% or more, so it's worth going through the application process again if you know you're eligible for substantial savings.

Choosing a Policy

When it comes to mortgage life insurance, choosing the best policy really can be as simple as choosing the cheapest one. Mortgage life insurance has no investment value and once you've made the decision between level term and decreasing term, your other decisions are typically based purely on the cost of premiums.

To get the cheapest premiums it's usually best to work with an insurance broker rather than doing the legwork of getting quotes yourself. Choose your broker carefully as some offer rebates or discounts that can make your policy even cheaper.

Source: EzineArticles.com/?expert=Chris_Johns

Affordable Life Insurance -- 6 Simple But Highly Effective Ways To Pay A Lot Less

There are many things you can do to bring down your rates by a huge margin. In this article, I'll share 6 simple but highly effective ways to pay a lot less...

1. Quit smoking if you want more affordable life insurance. Smokers are more likely to die young and are also more likely to suffer many harmful diseases.

This multiplies their risk to a life insurance carrier and therefore increases their rates considerably. If you can stop smoking you will attract rates that are dramatically lower when you reapply after 12 months.

2. If you want a discount, buy your life insurance policy from the same insurer you bought your other policies from. All insurers will usually offer a discount if you make a purchase of more than one policy from them.

Nevertheless, it may not benefit you more to do this as you might gain more if you buy each policy from different insurance companies.

3. Are you aware of all the discounts that your insurance carrier offers? There's a possibility that your agent might have overlooked a discount you're eligible for. The only way to be sure this is not true in your case is by taking the time to ask your agent to list out every discount that your insurance provider offers. You might be astonished at discounts you have not benefited from.

4. Maintain an outstanding credit rating. Having a poor credit rating is simply making hard for yourself apart from the fact that your rates will be much more. For some insurers it shows a pattern they believe you might repeat with them in premium defaults. Once you are seen as a higher risk you will get more expensive life insurance rates.

5. If you choose to pay your premiums monthly, you will pay higher life insurance rates. You may be told monthly payments are convenient but what you don't know is how much extra you pay for this.

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts a certain charge. Over the course of a year, your monthly checks would be processed separately because they are all different transactions. This implies that you'll pay transaction fees 12 times..

Besides, there are also administrative costs that are incurred due to the monthly payment option. For example, it costs insurers to send payment notices each and every month.

These costs plus a profit margin for this feature is added to your life insurance rates making it more than a similar profile that pays annually every year.

6. You'll save much if you will shop around and do detailed comparison. The difference in quotes returned per query could be as wide as $1,000 for a given profile. While this is a good thing, it's advisable that you don't get too excited yet. It's not usually that straightforward if you want the best price to value ratio. The lowest quote may not offer you the best price/value.

Notwithstanding that each of the quotes presented will certainly give you the same basic coverage, there could be several differences in the details of each insurer's coverage. This makes it important that you find out if there aren't any exclusions you won't like. Remember to treat these no-obligation quotes as their name implies. Don't feel obliged to pay unless you've got all your questions answered to your satisfaction. You will be spared rude surprises down the road if you do this.

Source: EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba

Life Insurance Uk: Ensuring the Security of your Family

One of the troubles with modern day life is that it has become extremely uncertain. The hectic pace at which life is being lived is, to a large extent, responsible for it. People are forever in hurry to reach their destination and in their eagerness to do so they overlook traffic instructions and pay the price, sometimes with their life. Imagine the plight of families who lose their only earning member in such a tragedy. Particularly in UK, for the cost of living is immense there. Needless to say that such hapless families would find surviving extremely difficult. It is to help all such families that life insurance UK was devised.

Had this service not been around families, particularly those who relied on a single earning member, would have been drawn to the brink of disaster. All that people have to do to get that security cover for their families is to avail the policy of the insurance company of their choice and avail the security.

However, to gain from cheap car insurance people would do well to ensure that certain points are adhered to. For example it must be ensured that th policy of life insurance UK comes to life as soon as it is signed. People should also ensure that there is no default on monthly premiums and that they provide no wrong information to the insurance company. People should also ensure that they check firmly before deciding that which insurance company's policy should they go for. Availability of Internet has further simplified the matter for them and has ensured that people can actually scan the offers of every company before investing.

Efforts like these would go a long way in ensuring that life insurance UK actually provides that security cover that you must be looking for your family.

Source:articlesbase.com/insurance-articles/life-insurance-uk-
ensuring-the-security-of-your-family-339223.html

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