 |
 |
 |
|
|
Finance-2u.com
How to decrease your Life Insurance price
|
1. Don't rely solely on the life insurance offered by your employer: Dont count on your employer coverage; the employer amount of coverage is usually not enough to adequately meet your life insurance needs. 2. Compare prices and Negotiate 3. Never buy more coverage than you need: If you have more life insurance than you need, you'll be paying unnecessarily for higher premiums. 4. Buy in Bulk: Sometimes more insurance costs less, especially as you approach multiples of $250,000. 5.Realize the importance of periodically reviewing your coverage: Any life change indicates the need for a review of your overall financial and insurance plan. 6. Health Problems? Seek Out a Specialist: A person whose disease is under control could save as much as 50% on a premium. 7. The healthier you are, the better the rates: You may cut your insurance premium more then 40% if you stop smoking and lose weight. 8. Buy sooner rather than later: The younger you are when you purchase life insurance, the lower your premiums will be. 9. You don't necessarily have to pay a commission: One of the reasons for higher premiums is that most life insurance policies pay commissions to the agent. You may be able to purchase a no-load policy through an insurer that sells no-load policies directly to you. 10. Know What You Are Buying: Life insurance agents are selling a whole life insurance, pure and simple. Agents like to emphasize the tax-free accumulation of cash value in a whole life policy but what they don't tell you is the down side. 11. Avoid Hidden Fees: Ask question regarding any premium charges in your life insurance policy. There are no secrets. 12. Tell the whole truth and nothing but the truth: Do not think about lying on your insurance application. If your insurance company finds it out, they might be able to terminate your coverage.
|
| All Rights Reserved. 2005. |  |
About Us | FAQ | Glossary | Mortgage Calculator | Affiliate program | Contact Us | Site Map |
