Illness can deprive us of our ability to earn a decent living; premature death is also a common happening. That is why if you are wise you should remain prepared for every eventuality. Different types of insurance policies have now been conceived to help you in that respect. If you do not have any coverage, visit online brokers to receive instant term life insurance quotes and start the process of purchase. Term life insurance is not only cost effective, but the coverage length can be chosen to suit your need. You can also keep conversion option open; if the need arises, you can convert it into a permanent policy.
However, if you are seriously looking for cheap life insurance rates pay attention to the following factors:
Buy the policy when you are still in thirties; younger people get better rates
You must be healthy and must have the right body mass index
You must not use tobacco in any form
Occupation or hobbies must not be hazardous
Driving records must be clean
Choose the term correctly; buying fresh insurance later in life will be costly
Among all, the age of the perspective client is the most important factors. The older you are higher will be the rates because you now have greater chance of dying within the term. You see, the life insurance companies are here to do business and so it is natural that they will want to protect their profit margin by providing coverage only to those who are likely to live long. The health is also another critical field for the same reason. Consequently, anything that can jeopardize a persons health and reduce their lifespan can cause the life insurance rates to increase.
Hazardous occupations and hobbies can also cause premature death. Therefore, certain jobs or hobbies such as sky diving, mountaineering, white water rafting etc. will attract higher insurance rate. Then again, to attract lower rates, the person must have a good driving record because a poor driving record indicates that the person is prone to accidents or is very careless about his life. Use of tobacco too can cause higher rates because it has the potential to cause many serious illnesses like cancer, heart attacks etc. Therefore, if you use tobacco, you must stop the practice at least a year before applying for term life insurance.
When applying for term life insurance, you will be asked to provide complete medical records. Any person who has a serious illness that can cut short their lives or debilitate them will automatically be rejected or attract higher rates of interest. Finally, in order to get cheap life insurance rates, go in for a longer term for this will provide low rates. People who have a serious illness can opt for critical life insurance that provides protection specifically for these people.
Others who are smokers or drinkers and do not want to stop these habits can opt for term life insurance no medical. People who opt for this need to only fill a form where a few health related questions will be asked. Often this form can be filled online and submitted and if the insurance company is satisfied, they can go ahead and pay the initial premium amount. People need not submit to a medical examination or produce a medical certificate and hence this type of policy can be processed much quicker than one that requires medical records to be submitted.
However, term life insurance no medical will attract much higher rates of interest for the insurance company has to protect themselves from any perceived future risk of insuring someone with a questionable medical record. Insurance companies will access records from the medical bureau and if a person is found to be suffering from a terminal illness, they can be rejected. Many people opt for this policy since they would rather pay higher rates than not have a policy at all.
To avoid the annoyance of persistent insurance salesmen, you can opt to get a life insurance quote on line. The advantage is that a person can control the process of getting an insurance quote and the kind of quote they should opt for. What is more, these quotes are available for free and you can get multiple quotes and compare them before deciding which policy and which company to opt for. So, get a life insurance quote on line and protect the lives of your loved ones.Then again, many people opt for these no medical policies because these policies are absolutely hassle free and these people would rather pay at higher rates than endure any kind of hassle. You can also go for traditional term life policy, but receive the life insurance quote on line. That way you will be spared the annoying calls from persistent insurance sales representatives. You can now receive quote in your own time and choose the kind of policy you should opt for in peace. Since these quotes are available free of cost, you can get multiple quotes and compare them at leisure to see which one suits you best. In fact, this is a necessary step in the purchase process and receiving quotes online just makes it easier.
Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life term insurance and life insurance online, visit his site today.
However, if you are seriously looking for cheap life insurance rates pay attention to the following factors:
Buy the policy when you are still in thirties; younger people get better rates
You must be healthy and must have the right body mass index
You must not use tobacco in any form
Occupation or hobbies must not be hazardous
Driving records must be clean
Choose the term correctly; buying fresh insurance later in life will be costly
Among all, the age of the perspective client is the most important factors. The older you are higher will be the rates because you now have greater chance of dying within the term. You see, the life insurance companies are here to do business and so it is natural that they will want to protect their profit margin by providing coverage only to those who are likely to live long. The health is also another critical field for the same reason. Consequently, anything that can jeopardize a persons health and reduce their lifespan can cause the life insurance rates to increase.
Hazardous occupations and hobbies can also cause premature death. Therefore, certain jobs or hobbies such as sky diving, mountaineering, white water rafting etc. will attract higher insurance rate. Then again, to attract lower rates, the person must have a good driving record because a poor driving record indicates that the person is prone to accidents or is very careless about his life. Use of tobacco too can cause higher rates because it has the potential to cause many serious illnesses like cancer, heart attacks etc. Therefore, if you use tobacco, you must stop the practice at least a year before applying for term life insurance.
When applying for term life insurance, you will be asked to provide complete medical records. Any person who has a serious illness that can cut short their lives or debilitate them will automatically be rejected or attract higher rates of interest. Finally, in order to get cheap life insurance rates, go in for a longer term for this will provide low rates. People who have a serious illness can opt for critical life insurance that provides protection specifically for these people.
Others who are smokers or drinkers and do not want to stop these habits can opt for term life insurance no medical. People who opt for this need to only fill a form where a few health related questions will be asked. Often this form can be filled online and submitted and if the insurance company is satisfied, they can go ahead and pay the initial premium amount. People need not submit to a medical examination or produce a medical certificate and hence this type of policy can be processed much quicker than one that requires medical records to be submitted.
However, term life insurance no medical will attract much higher rates of interest for the insurance company has to protect themselves from any perceived future risk of insuring someone with a questionable medical record. Insurance companies will access records from the medical bureau and if a person is found to be suffering from a terminal illness, they can be rejected. Many people opt for this policy since they would rather pay higher rates than not have a policy at all.
To avoid the annoyance of persistent insurance salesmen, you can opt to get a life insurance quote on line. The advantage is that a person can control the process of getting an insurance quote and the kind of quote they should opt for. What is more, these quotes are available for free and you can get multiple quotes and compare them before deciding which policy and which company to opt for. So, get a life insurance quote on line and protect the lives of your loved ones.Then again, many people opt for these no medical policies because these policies are absolutely hassle free and these people would rather pay at higher rates than endure any kind of hassle. You can also go for traditional term life policy, but receive the life insurance quote on line. That way you will be spared the annoying calls from persistent insurance sales representatives. You can now receive quote in your own time and choose the kind of policy you should opt for in peace. Since these quotes are available free of cost, you can get multiple quotes and compare them at leisure to see which one suits you best. In fact, this is a necessary step in the purchase process and receiving quotes online just makes it easier.
Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life term insurance and life insurance online, visit his site today.
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