By Marilyn Katz
Gasoline is more expensive, food is more expensive, and housing is more expensive. However, along with personal computers, the rates of term life insurance have actually dipped in recent years. More term life insurance policies have also become available to applicants with no physical exam. Why? Well, Americans are living longer and healthier rates. When underwriters offer an insurance policy price they base it upon their statistics of how likely the person is to survive the term policy. Of course, and ironically, everybody wants you to survive your life insurance policy. The life insurance company wants you to live past the term of the policy, and you certainly want to live past the term too!
With the internet, life insurance has also become a more competitive business. So this makes it much simpler and easier to obtain valuable coverage. Since rates have dropped, and since it is easy to shop around for life insurance, this could be a very good time to do a quick premium check. Even if you have aged a few years since you took out your last policy, the rate drop may make up for that. It is certainly worth taking a look. Think about it. If you pay life insurance premiums for the length of a thirty year term policy as a monthly bank draft, a small change can make a big difference. Even twenty dollars a month, multiplied over thirty years, turns into more than seven thousand dollars!
Compare Life Insurance For The Best Prices
And it is worth it to compare life insurance prices. We compared the rates between ten of the top life insurance companies for one client, and found a $300 a year difference between top local policies! Even for a twenty year term policy that would be six thousand dollars in premiums saved! I am certain, that over the course of twenty or thirty years, all of us can find a use for six or seven thousand dollars that we do not need to pay for life insurance!
Keep Your Old Policy Until You Are Issued A New Life Insurance Policy
Of course, never give up your old life insurance policy until you have that new one in your hand. If you have developed any sort of health condition or been rated up, the price offer may be higher than the one that is quoted. Nowadays, some life insurance companies even consider your credit, which they did not do in the old days. Also, you do run a risk of not being handed a life insurance policy at all if you apply with a company that has very strict underwriting. So wait until your new policy has been issued before you give up your old one.
Compare Safely
We think that internet quote forms are great. You can fill out your information one time, and then sit back and let local insurance companies compete for your business. However, always look for a quote form that uses third party verification like the Better Business Bureau or the National Ethics Check, and that runs on a secure server so your information is private.
Sit back and Compare Term Life Insurance Quotes with No Medical Exam. Use our fast, safe, and free No Medical Exam Term Life Insurance Quotes. The system is Better Business Bureau Approved and runs on a secure server!
http://www.nomedicalexam.net/life.html
Article Source: http://EzineArticles.com/?expert=Marilyn_Katz
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1 comment:
To obtain a cheaper policy option internet is the best solution to find numerous of offers from which one can easily choose an option that is worth the money a person is spending. Comparison shopping helps all to make out a best value deal, and I like all the points that you have mentioned above to find a cheap plan.
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