Home  ‌  Submit Link ‌  About Us ‌  Link to Us ‌  Contact Us ‌  Site Map ‌ 

Term Life Insurance Rates - The More You Know The More You Save

By: David Linda

If you're in the market for a term life insurance policy, here are a few money saving tips to help you keep the premiums down.

1. Buy when you are young healthy: Life insurance rates, although they contain fees, and a myriad of expenses, are primarily based upon the statistical chances of a person dying in a given year. Insurance companies use their own experience plus the statistical information collected by the government. The statistics are used to calculate the yearly "cost of death" for each $1,000 of life insurance benefit. As people grow older, the chances of dying increase. At first the increase is slow up until middle age, and then the chance of death increases more rapidly. As the chance of death rise, so do the premiums.

2. Quit smoking: Smokers' premiums are nearly three times as expensive as non-smokers. Staying away from cigarettes a week or two before your company physical won't do. Urine tests will detect traces of nicotine (yep, this means chewing tobacco too). Most companies require you to be smoke free for a minimum of one year. Some companies require two years.

3. Lose weight: Companies don't charge by the pound, but you may be charged more if your weight exceeds a certain level.

4. Buy direct: The internet has made it easy to shop around for life insurance policies directly. By eliminating the middle person, you save on salespersons commissions which are built into the policy premium.

5. Healthy people don't need "guaranteed issue" policies: People with medical conditions may want to purchase guaranteed issue policies. These policies do not require a medical exam and tend to have higher premiums. The company is taking more of a risk because they don't know your true medical condition. However, if you are healthy, take the exam. It will prove that you are a good risk and your rates will be lower.

Article Source: http://www.FindAffordableInsurance.com

You want to know more about term life insurance, you will find at our resource not only life insurance info but also some more info such as auto insurance, reinsurance, guides & directories, agents and brokers.

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Term Life Insurance Articles Via RSS!
Additional Articles From - Home | Life Insurance | Term Life Insurance
Auto Insurance
Bond Insurance
Health Insurance
Insurance Claims
Insurance Resources
Liability Insurance
Life Insurance
Property Insurance
Reinsurance
Specialty Insurance
Travel Insurance
Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
Home  ‌  Submit Link ‌  About Us ‌  Link to Us ‌  Contact Us ‌  Disclaimer ‌  Privacy Policy ‌  Site Map ‌ 
Copyright 2007 - 2009 by FindAffordableInsurance.com All rights Reserved.
Our directory has useful insurance articles, pet insurance, consulting insurance articles, dental insurance articles, diving insurance articles and marine insurance articles.