Short Term Insurance Policies: Pros And Cons

More and more people are opting for short term insurance policies to protect the things they value most because of the flexibility these policies offer. Short term insurance is based on a fee for service type plan, meaning it is billed on a monthly basis. As long as the bill continues to be paid, the insurance coverage continues and failure to pay will cancel the coverage.

Short Term Insurance coverage is available in many forms. Numerous companies offer medical and health insurance on a short term basis. Auto and boat coverage is also offered through short term policies. Short term life insurance is common as well.

Short term insurance is particularly helpful during times of transition when other insurance options may not be available. Many insurance policies discontinue coverage of children upon graduation. A short term insurance policy will assure coverage until other options open. It is also useful during job changes when a new employer’s coverage will not start as soon as the previous coverage ends. Most states have laws restricting the amount of time a person may use short term insurance. It is not a permanent insurance option, but can be a great asset during certain times of a person’s life.

Choosing the right company to purchase a short term insurance policy from can be tough because of the number of businesses offering this service now. To receive the best possible coverage, one should research the businesses first. You should then receive quotes from several different insurance companies for the desired coverage to compare the best value. Thoughts of past clients can be extremely helpful once the selection has been narrowed down. It is also important for the company to be a registered financial services provider.

Transitions in life are not always planned. Short Term Insurance is available to help get through those uncertain times without risking a period without coverage.

Source:EzineArticles.com

Choosing the Best Life Insurance Option for You

Life insurance in the UK is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to UK consumers.

Level Term Life Insurance

Level term life insurance is the most popular type of life insurance policy with UK consumers, and this may be because it is also the cheapest form of insurance. With level term insurance, you and your family can enjoy peace of mind at an affordable price. If you die during the term of this insurance policy, your family will receive a lump sum payment, which can help to cover a number of costs as well as provide some degree of financial security at what will inevitably be a difficult time. The money could assist with costs such as:

* Mortgage repayments
* Funeral costs
* Education costs for the children
* Day-to-day living

One of the reasons that level term life insurance is a fair bit cheaper than other life insurance is because the insurer only has to make a payment if the insured party passes away, and even then the insured party has to die during the term of the policy for the next of kin (or the named beneficiary) to be eligible for a payout. One of the great things about levels term insurance is that you can benefit from cover for just a few pounds each week, and because the payments remain the same throughout the term of the policy, you’ll never have to worry about rising payments.

The reason why a level term insurance policy is so called is because the repayment remain level throughout the term of the policy, so you will never have to worry about the cost of your policy rising. The policy is also taken over a fixed term, which is where the ‘term’ part of the policy comes in. This means that you can enjoy easy budgeting and low cost repayments, and you’ll know exactly how long you will be making payment for. On the downside, once the policy expires you will not be able to reclaim any money and the policy will be cancelled, so you will then need to look at taking out alternative life insurance cover.

The average term of a level term life insurance policy – unless otherwise specified – is fifteen years. There are a variety of factors that contribute to the cost of the policy such as whether you go for the most basic package or whether you include a bolt-on such as critical illness cover, whether you are a smoker, your general health, and the term over which you take the policy out.

Whole Life Insurance

Unlike level term life insurance, whole life cover offers a guaranteed payout, which to many people makes it better value for money in the long run. Although the repayments on this type of cover are more expensive than level term insurance, the insurer will make pay out whenever the insured party passes away, so the higher monthly payments will guarantee a payout at some point.

There are a number of different types of whole life insurance policies, and consumers can select the one that best fits their needs and their budget. As with other insurance policies, you can tailor-make your whole life insurance cover to include additional cover such as critical illness insurance. The variations on whole life insurance cover include:

Non-profit UK whole life insurance policies: This is the simplest form of whole life cover, and enables you to enjoy the convenience of level payments through the term of the policy until you die. Upon death, your family received a payout and the policy becomes null and void. If you want to pay a little extra, you can take out a policy that is fixed over a specified term, which means that you will only be making payments for a certain amount of time, but your family will still receive a payout when you die.

With-profit UK whole life insurance: This is a cover and investment type scheme, where your monthly payments are split between your cover premiums and the investment side of your policy. You will enjoy a guaranteed assured sum, and you may find that your insurer adds discretionary bonuses.

Low cost UK whole life insurance: One of the cheapest forms of whole life cover, this type of policy features a decreasing term plan, and the policy is combined with a profits fund. As bonuses are added to the profit side of the policy, the policy term decreases. This provides a cost effective solution for those that want to enjoy the benefits of whole life insurance cover without having to make high monthly payments.

Unitised UK whole life insurance policy: When you purchase this type of whole life cover, you will also be investing in with-profit units. This means that when the insurer makes a payout, the sum awarded will be dependant upon the value of the units in comparison to the value of the death benefit (the payout will be based upon whichever is the highest in value). Each month units are cancelled in order to increase levels of death benefit cover, with reviews carried out from time to time to ensure adequate levels of death benefit cover.

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

Key Considerations About No Medical Term Life Insurance Promotions

Have you seen those too good to be true television commercials reporting that you can easily obtain life insurance coverage for $10 a month without requiring a medical exam? These television offers traditionally claim that you can obtain a relatively large no medical term life insurance policy, for an amount of $50,000 or more. You need to beware of these types of promises though, because many are not quite as straightforward as they appear to be.

First of all, you will never be able to secure the maximum amount of term life insurance coverage by paying such a nominal premium. The insurance company providing the policy would go bankrupt if they offered these extremely low rates for so much insurance coverage, especially when it comes to providing insurance without requiring a medical examination of any kind.

The low premium amounts that are offered are only going to offer low benefit amounts. While no medical term life insurance is affordable by nature, nothing is that affordable. People who tend to buy no medical insurance are generally the more risky people to insure because they have pre existing conditions or have aged considerably and are still seeking insurance coverage. When it comes to larger insurance policies, the rates for have to be equally as high.

People who are already in good health are usually willing to go through the time associated with going through a medical examination, since they know that their good health will play a part in determining the low rates for their term life insurance. People, who are in relatively poor health on the other hand, are generally aware that their rates will be higher, requiring them to seek no medical insurance as their primary alternative.

No medical term life insurance is therefore much more popular for people who are older, or who have poor health and whose term insurance rates will suffer as a result. For many consumers however, "no medical term life insurance" still may not be the ideal alternative. This is because it may be just as easy to work to improve your health, to get a real policy with low rates. Many people who seek no medical term insurance rates are actually in such poor health that if they were honest on their applications, they would not qualify.

Even if you think no medical term life insurance may be your only option, you should still go out and get a medical exam. This is good not only for your insurance, but also for your life as well. Once you know exactly where you stand in terms of your health, you can begin to take the steps and actions necessary to improve it. It is never too late to work to improve your health, no matter how old you are, or how far gone you believe your health to be.

No medical insurance may be an option, but it is not necessarily your best option, and if the policy seems too good to be true, it probably is. No term life insurance policy is one size fits all, and it is important to explore all of your options before you select the insurance policy that you will use to protect your family.

Source: EzineArticles.com/?expert=Sharon_Taylor

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

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

Cheap Life Insurance Rate - More Steps To Massive Savings

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

Cheap Life Insurance - Don't Miss These Tips If You Want to Save Much

Cheap life insurance is possible if you have the right tips. I'll share a good number of tips that will make a whole lot of difference in your rate if you apply them. Here they are...

1. While shopping for cheap life insurance make sure that you don't become carried away by just the cheapest quote. You need to focus on getting a low quote that also offers you much value. And, doing extensive shopping is the key to getting the best rate to value ratio. But be prepared to pay a little more if required to get adequate coverage.

I say this because a number of cheap quotes are that low because they don't offer much. Such low life insurance offers won't do you any good because it is not the right coverage for you.

2. Maintain a healthy life style and you will pay cheaper rates with time. If you can stop eating junk food you'll save over time. Removing fats, cholesterol and high carb from your diet will make it easier for you to maintain the right weight, live a healthier life and, as a result, attract more affordable life insurance rates.

You'll also help your health and life insurance rate by sticking to routine exercise.

3. Stop drinking if you want cheaper life insurance rates. Drinking increases your health risk. Many diseases can be traced to drinking.

What quantity of alcohol can you take without dire consequences? I can't really say as there are people who can take a bottle and still be okay while some will take just half a glass and then go berserk. What I know is the fact that quitting alcohol use is would help a lot. For those who cannot quit totally, do your best to drink in moderation.

But I am told it's harder to drink in moderation than it is to stay away completely. You can be assisted if you really want to stop drinking.

4. Even though this may not be a problem for most people it should be said: The use of illegal drugs will raise your life insurance rate. And even if the use of certain drugs is legally approved, abusing them will also make you pay much higher life insurance rates.

Furthermore, steer clear self-medication for both its dire hazards and the fact that it will make you pay much higher life insurance rates.

5. You'll save much if you can shop around and do proper comparison. You can get quotes that will have a difference that exceeds $2,000. Therefore, do your best to visit five or more quotes sites for your life insurance quotes.

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

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

Term Life Insurance Quote -- Steps To Ensure You'll Get The Best Rate

Term life insurance quote: To get the very best demands that you take certain actions. I'll share some of them in this article...

1. Getting your policy from the same insurance company that provides your other insurance policies will get you a discount. Insurers give you a multi-policy discount to encourage you to buy other policies from them.

2. Lose weight and your life insurance premium will reduce. An insured's Body Mass Index (BMI) is a strong factor that affects what you pay as life insurance rate.

The higher an individual's BMI rating, the higher their life insurance rates will be. When your Body Mass Index rating is high it shows that your weight is too much for your height. Do your best to shed excess weight as losing even a few pounds could put you in another Body Mass Index rating and result in cheaper premiums.

3. Buy while you're still young. The younger you are, the less a death risk you are. This simply translates to cheaper rates. If you wait till later, you're increasing your rate.

4. Using banned drugs will increase your life insurance rate. Abusing drugs also will make you pay much more in life insurance. Furthermore, stop self-medication for both its grave consequences and the fact that it will increase your life insurance rates.

5. Ensure you have an excellent credit rating. Those who have poor credit pay high rates for all forms of insurance and that includes life. There are many reasons for this but this one ranks high among them: If you have a poor credit history then it could only mean you've defaulted in payments at some points. This assumption of increased risk makes such persons get very high rates in life insurance and other insurance policies.

6. Using tobacco in any form will add to your life insurance rates. Chewing or snuffing tobacco, for example will cost you in higher life insurance rate. Therefore, you will help yourself attract less expensive rates if you avoid tobacco use in any form.

7. Get and compare many quotes and you'll save much. The best strategy is to get quotes from many sites (Not less than five reputable sites). It will take you just about five minutes per site. But how much will this save you? I don't know: Some save a hundred dollars while others save over a thousand.

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

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

Non Medical Life Insurance - How to Get a Cheap Rate

Most life insurance policies require you to have a medical exam to make sure you're in good health. However, non medical life insurance policies do not have that requirement. The catch is that these policies often come with higher premiums than standard policies. Here's how you can get a low rate on a non medical policy.

Why Do These Policies Cost More?

Non medical policies cost more because the insurance company is taking more of a risk. For example, after you take out the policy, you could die of an illness you don’t even know you have.

Non medical policies cost more the older you are. Since people under age 35 have fewer health problems and are less likely to die from an illness, they are less of a risk for an insurance company.

If a Non Medical Policy Costs More, Why Would I Want One?

There are two main reasons you might want this type of policy:

* You do have an illness or a poor medical history and haven’t been able to obtain coverage under a traditional policy.

* You want a policy quickly without the time it would take for a medical exam.

Where Can I Get a Cheap Rate?

The best way to find a cheap rate on a non medical policy is to fill out a simple application at an insurance comparison website. You may have to answer some questions about your family’s medical history and your lifestyle. Otherwise, there will be no specific medical questions.

Once you submit your application you'll receive quotes from multiple A-rated companies. You can then review the quotes and select the best one for you.

The best insurance comparison websites offer a chat feature, so if you have questions as you complete the application, an insurance professional is available to help you. (See link below.)

Source:articlesbase.com/insurance-articles/non-medical-
life-insurance-how-to-get-a-cheap-rate-333476.html

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

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