It is fair to conclude that cheap life insurance is desired by us all. We want a the cheapest policy from a highly rated carrier. If we take the time to examine life insurance company ratings we will find that there are very few that cannot stand up to serious scrutiny, the fact is they are all pretty safe.
We should therefore find a solid carrier that will provide a cheap life insurance premium. As most policies sold today are term life insurance policies close attention is paid to cost, actual premium outlay. Whole life and universal life should be examined differently.
We should look at actual premium outlay with close attention paid to net cost or return. The cash values of these policies are important when looking at these permanent life insurance policies.
Which policies are cheapest? Cost has a direct relationship to the duration of term policies. The shorter the term the lower the premium cost. The longer the term the more it costs. A 5 year term policy would be much cheaper than a 20 year term for example.
You need to also take into consideration the age, health and occupation of the applicant. A person 20 years old will get a very cheap life insurance policy because s/he is expected to be in good health. As you get older you will find that it costs more to buy a new policy. This is one of the reasons it is recommended that you buy life insurance when you are young.
Rates are also lower for women simply because women tend to live longer than men.
Your occupation is vital when life insurance companies are calculating premium costs. If you engage in any hazardous occupation or avocation your premium costs could be higher as a result. Cheap life insurance premiums are available for people who engage in occupations that do not present any hazardous conditions.
As we get older our health is likely to change. Some people develop chronic health conditions at an early age. These conditions are inherited in some cases. If your parents died at young ages it is wise to pay special attention to what caused their deaths. With vigilant attention some of these diseases can be treated and premature death can be prevented.
I know a man whose parents died in their thirties. This man exercises on a regular basis and pays special attention to his diet, he is now in his eighties and is enjoying excellent health.
Pay special attention to the things mentioned on this page and enjoy cheap life insurance premiums.
People tell me they are seeking affordable life insurance. There is nothing new about this! Life insurance premiums have steadily decreased over the years, finding premiums that are affordable should be like walking in the park. All the life insurance companies get more competitive every day. That is quite a statement isn’t it? It is true though.
Let us examine the companies I like most, they are Protective Life, Banner Life, Genworth Financial, Sagicor Life and The National Life Group. The first three are fully underwritten, the last two are non medical carriers. They all offer very competitive and very affordable life insurance premiums. They are highly reputable carriers and are available on line.
Getting an affordable life insurance policy is a simple matter if you qualify. These companies are going to check you out thoroughly whether they ask for a medical exam or not, if you are in fairly good health you will be offered a policy at a low rate.
Term life insurance costs less than permanent policies like whole life or universal life. The type of term policy you would buy depends on how long you want the coverage to last, whether your needs are short term or long term. 10 year, 15 year, 20 year and 30 year term policies are there to choose from. They all offer low premiums, the shorter the term the lower the premium.
You can add affordable riders to your policy. First the very popular waiver of premium rider is offered. If you should become disabled the company will waive your premiums for as long as you are disabled even if it is for the rest of the term period. You must be disabled, usually for a minimum of 6 months for the waiver to kick in. Whenever you are able to return to work you pick up premium payments again. The cost is minimal.
Another affordable life insurance rider is the accidental death benefit rider. You can add this for very low cost. If you should die in an accident the life insurance company will pay twice or three times the face amount, depending on your selection and what the company you select offers.
Life insurance online! Over the past 20 to 25 years buying life insurance online has become quite commonplace. Before this became popular you would wait until an agent called you because your friend told him or her about you. You allowed this agent to come and see you through mere curiosity.
To your surprise the professional agent brought things to your attention that you haven’t given much thought. This agent was smart, she didn’t try to force anything on you but rather asked you a series of “fact finding” and “feeling finding” questions. Within a short period of time you bought life insurance to protect your family, simply because you made an educated decision to buy it.
Buying life insurance today is much the same, you do, however, buy your life insurance online after you have decided how much you should own. You use a life insurance need calculator that asks the right questions an then come up with an amount that meets your needs.
This is so much easier and simpler a process. You go to your favorite search engine, type in what you want and hundreds of sites appear in the results. You calculate your premium cost and proceed to complete an Application, or in some cases a short questionnaire. An agent calls you to complete the process. You may need her assistance because there are many rate categories, based on your health and occupation. Medical history, your height and weight, smoking habits and driving record are all very relevant. The licensed agent knows where you fit.
Buying life insurance online is so easy today, there is much less hassle to get covered. The key is to be truthful in your answers, you cannot deceive the life insurance company, they confirm all the answers you give them.
Shop and compare life insurance premiums online. The actual comparison will show you that you will save a considerable amount of money.
Isolating the best life insurance company would be quite a task, there are about 2000 companies on the face of this earth marketing life insurance. They all attempt to perform well to remain competitive.
New products are constantly created would attract the buying public. Some products are quite flexible in function, others vie to have the lowest premium. Some companies even keep buying smaller ones which makes them appear better. Some people think that the bigger the company the better it is.
Do these things work, this writer doesn’t think they always do. There are several giants which could easily outclass some of the other carriers, applying greater value to their policies with much lower premium costs, but this strategy would dramatically affect their bottom line.
Well thinking leaders provide a product that will please the consumer and still provide a decent profit. If term insurance is used as a reference the low premium would do the job, keep in mind though that there are other products sold by these companies that would prohibit them using a low premium to compete.
Take for example the whole life policy there must be sufficient initial excess premium to provide the needed cash value, this is how these policies work. I could name a couple of giant carriers which have been considered the best life insurance companies for more than 50 years, their whole life premium cost is higher than most other companies though. The owners of these policies get it back in hefty cash values though.
Some of the smaller carriers have adopted this strategy but their growth suffers as a result. Since term life insurance is bought more today the consumer would be better off comparing the low premium and checking the A.M. Bestrating to help determine which is the best life insurance company.
Compare rates when buying your policy, all the companies shown are good solid companies. Go with the low premium and give little consideration as to which is the best life insurance company.