Having Term Quotes
life insurance is paramount to protecting your family if something every happened to you (the income provider). Your next task is the find Cheap Life Insurance Rates .
Here is how to save big on your Life Insurance Premium Quote:
Skip the "No Medical Term Life Insurance"
Over the last few year this the option to not do a medical exam when applying for term coverage has become available which also may be labeled "No Medical Exams Life Insurance".
Although this may be convenient in terms of getting insured quickly your premiums may rocket up for this extra convenience . Don't skip the Medical exam for life coverage . If you skip the medical exam you are pushing the risk onto the insurer who then pushes your premiums higher. The amount of insurance you can purchase will be capped as well. .
The Medical exam is quick and simple:
- The medical exam time and location is decided by you
- Medical specialist will perform the exam at your residence
- Discuss your Application details
- Check your Heart Rate
- Take a Blood Sample
- Take a Urine Sample
- 10-15 Minutes for the Exam
- Just 1 Exam for This Policy
Check How Much Term Coverage Is Needed
Calculate a general amount of term life coverage your would need :
How Much You Spend Each Month:
- Housing Payment
- Automobile Loans
- Paying for College
Future Expenses / Monthly Expenses
Span these expenses out for a 20 to 30 year term . Now you will be able to see a realistic total amount of term life ins that you would need.
It is important not to buy over or under the amount of life ins you actually need.
Not enough coverage will set your family back when they need it .
If you purchase too much coverage you will be throwing money away. Smarter option would be to save the money or invest it.
Many people are not aware of this but the cost of insurance is set within tier amounts .
For example: For a tier between $100K-$249K the cost per $1000 of insurance would be $1.02/$1000.
If you purchase $250,000 ($1 more) you cost per $1000 drops to $0.92/$1000! Automatic savings of 10% if you purchase life ins within set tiers!
Taking this into account always buy your term life coverage within $250,000 amounts:
No other better way to get Discount Life Insurance!
Insurers must compete or give up business to other insurers. It is the best way to save. Insurance companies provide their cheapest quotes just to stay competitive. If they don't then they end up losing business.
Inexpensive Term Coverage is not hard to find if you follow these strategies.
Total Views: 422 | Approx word count : 528 | 08/26/2010