Term Life Quotes

September 15, 2009
Posted by admin

It’s important to compare term life quotes and not just get one.  While lower cost is a popular feature of term  insurance, it does not end there. A term policy may come in various forms.  Though they are all technically a term policy, there are some distinct features that affect the premium. Thus, a low price policy does not guarantee you will get the most suitable policy for you. 

Term life insurance is available in different premiums. There is Level, Convertible and Renewable term insurance. In level term insurance policy, the premiums have been average over the life of the policy. Thus, the same premium amount is paid every year regardless of the increasing age. Renewable term insurance, on the other hand, is renewed every year. Furthermore, the person pays the premium based on their current age. As they get older, the premium amount increases.   The convertible life coverage is generally slightly higher than level and renewable policies. This is the cost of having the flexibility of converting the existing term life insurance to a permanent type of life insurance. In addition, policyholders have the option of having the convertible policy to be annually renewable or level premium.

Aside from comparing the various term life quotes, customers also have to review the insurance company. The insurance company needs to have the financial strength to pay out claims. One way to verify is the check the company’s life insurance ratings. Rating companies use a letter grade system, where A is the highest rating. Usually, A-rated companies charge a higher premium while the underrated offer a lower premium.

As you can see, there are many variables that affect term life quotes. You need to be fully informed of the policies and the life insurance company before making a decision.  The best way to figure all of this out is to contact a professional so call Eddie today at 1-800-407-4540.

Term Life Quotes

September 14, 2009
Posted by admin

Term life insurance has come down significantly in the last decade.  Many people have no idea they are paying too much for their life insurance and could save hundreds and sometimes thousands per year.  Also, if you are healthy, it may make some sense to go ahead and start your term fresh from today if you can lock in the rate at below or even what you are paying giving yourself a brand new 10, 15, 20 or 30 year term.  To compare quotes from 140 of the highest rated companies in the world, please click visit Term Life Quotes and see how a few simple clicks could save you a ton of money.

Personal Blogs - BlogCatalog Blog Directory

Term vs Permanent

July 18, 2009
Posted by admin

Term insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Permanent insurance by contrast provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals. Often, a combination of term and permanent insurance is the right solution.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified insurance professional so call Eddie and schedule an appointment today.