You Need Not Compromise On The Coverage Amount Just To Receive Affordable Life Insurance

Are you insured? The answer is probably yes. Most people are. However, when asked if the coverage is adequate, there is always a hesitant reply! In fact, the life insurance rates are such that very few people can afford to be adequately covered. Consequently, the family has to suffer if they die before they have been able to meet up all their liabilities. Let this not happen to your family. Do not reduce the amount of coverage in pursuit of affordable premiums. Some like the term life is actually an affordable life insurance policy with low rates and high coverage.

However, very few know about the term life policies; in fact, very few people know what life insurance is and that there can be different kinds of it. Most take it to be a policy where you pay the premium at regular interval; after stipulated years, you cash out the policy to take home a neat sum, but if you die in the meantime, your family receives a fixed amount as death benefit. Well, they are also life insurance policies, but they are not the original life insurance policies; neither are these policies very much affordable.

The term life on the other hand is the original policy that developed over the centuries to meet the insurance requirement of ordinary folks. These policies are affordable and provide a large benefit at a very reasonable rate. That is why if you want an affordable life insurance policy, you should look for term life insurance quotes only. They are low and if you have been honest while filling up the quote form, you will get the coverage at a very affordable rate.

What will happen if you have put in wrong input while filling up the form? Nothing really; they will not deny the coverage, but the rates may differ drastically. Know that the quotes are always based on the inputs you provide, but the rates are provided after the thorough verification of such facts. That is why such policies take four to six week to complete the underwriting process and offer the final coverage; if you indeed are looking affordable life insurance coverage, you will have to wait that long.

However, there are also instant life insurance policies that provide instant quotes and instant coverage. You apply today and if you qualify, your family will start getting the coverage from tomorrow only and that too for the full amount!  Do you think I am joking? No, it is a serious matter; but before I go into that let me warn you that such policies are quite expensive, especially for those who are fit and do not use tobacco in any form. I will tell you why.

If you study the term life insurance quotes, you will find that to receive affordable life insurance coverage you need to fulfill certain conditions. At least, you have to be young, healthy and of right body mass index at the time of policy purchase. Moreover, you must not use tobacco in any form and must not have any kind of bad police or driving records. The carriers, to be sure of these facts, not only expect you to undergo a medical test, but also run you through different agency reports Moreover, the underwriters take time to look into details so that the insurers can have a fair idea about your longevity and fix the rates accordingly. Naturally, it takes time.

However, in case of these instant policies, they exempt you from taking the medical test and that is why such policies are called life insurance no exam. Another important point - because the carriers cannot be sure of your exact health condition and tobacco use without the medical test, such policies are quite expensive too. Therefore, if you are looking for affordable life insurance, do not avoid the medical test. Moreover, why should you? The medical test does not involve anything more that these:
• Taking measurement of height and weight, blood pressure and pulse rate
• Collection of blood and urine samples to check HIV, cholesterol, glucose, protein, creatinine, nicotine, cocaine etc
• Taking note of your as well as your parents’ and siblings’ medical history

Moreover, you do not have to go anywhere. A paramedic will be sent to do the needful. Therefore, unless you are mortally afraid of needle pricks or want to hide occasional cocaine intake, there is no reason why should you keep paying extra for the whole tenure of the policy. You can buy such a policy only if you are in hurry to get the coverage or if you are a heavy smoker or have ailments that will increase you rates automatically. Think twice before you go for them.