Why Term Life Insurance Is Most Suitable For Insurable Purpose

We have been told that for the purpose of insurance life term policies are the best. Indeed so and there can be many reasons for that; but we will talk about a select few now. Let us first take up the cost factor because to be effective insurance policies should always be affordable. It is a fact that only a term life can provide a large benefit at an affordable rate; all other policies are overpriced.

However, let me first explain why a life insurance policy should always be cheap. There are two main reasons for that. Firstly, a life insurance policy rarely offers anything other than peace of mind. Very few people actually die premature and so in very few cases, one gets any benefit out of the claim amount. Consequently, unless the rates are low, one may lose the motivation to keep the policy running for long and we all know that, no benefits can be claimed unless the policy is in force at the time the insured dies.

Secondly, if the financial situation of the policyholder takes a downward turn, an insurance policy is generally the first to be sacrificed. When the present condition becomes tough, spending a huge amount on future need fails to get the priority. If the rates are reasonable, there is chance that the policyholder may keep the policy running. Living uninsured is never wise. If you do die uninsured, your family will have a tough time eking out a living in a decent manner.

Therefore, for insurance purpose, always buy a cheap term life insurance. It is true that it does not provide anything other than death benefit, while a whole or universal life insurance policy offers a chance build up an asset along with the death benefit. Yet if you examine those policies closely, you will understand how the cash value policies are more beneficial for the insurers than the insured.

Let us now look into the pitfalls of buying a cash value policy. Always remember that, these policies are overpriced and it is the amount above the cost of insurance, which is invested in different funds to grow the cash value. Therefore, the money is basically yours and you pay that in addition to the cost of insurance. However:
• If the insured dies while the policy is still in force, the carriers retain the cash value amount as their profit and release only the death benefit.
• Contrarily, if you want to take out your investment amount while you are still alive, you will have to surrender the policy, which in other words means that you will have to forego the coverage and live uninsured

A term life insurance on the other hand is cheap; the low price not only helps to keep the policy running even under worst condition, but if you are financially disciplined, you can always invest the difference in lucrative funds and get better returns for it. Indeed, today, you can avail every kind of life insurance quote on line. If you compare them, you will realize that the price difference is indeed such that building your asset using the difference is truly feasible. Moreover, separating the insurance from investment has two major advantages:
• If the insured dies while the policy is running his beneficiary will have access both to the insurance amount and to the investment.
• If you want to take out your investment, you do not risk losing the coverage. Know that, keeping the policy in force through out the vulnerable years is very important.

Another advantage of buying a term life insurance is that it is a straightforward policy and so you can almost get one with your eyes closed. You just pay certain amount as premium at regular intervals and if you die, your designated beneficiary will receive a stipulated amount as death benefit. Contrarily, no return can be claimed if you outlive the term. Today buying life insurance online has become easy, but if it is a term life insurance, it is easier still. Just go through the exclusion clauses before you put you final signature on the paper.

Indeed, to financially protect themselves the carriers often exclude certain deaths from the ambit of their coverage. Death by suicide within the first two years is one of them. Therefore, be careful about such aspects. What is more, if you provide misinformation and the carriers find that out later on, there is a chance that your coverage will be cancelled and so try to provide the correct information, even if that means that you have to pay more. Remember, it is your family’s safety, which is at stake; you cannot afford to take any chance.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life insurance rates and no medical exam life insurance, visit his site today.

Out Of All Life Insurance Term Life Insurance Is The Cheapest And Yet The Best

For people looking only for pure life insurance term life insurance is possibly the only available option. Indeed, if you want a large benefit at an affordable rate, there is no other alternative than that. It is true that all life insurance policies offer a stipulated amount on the occurrence of the claim event, but most other policies also offer an investment opportunity together with that. However, to create such opportunity a large part of the premium has to be diverted into a separate cash value account and consequently, you need to pay more to get a decent amount of death benefit.

Term life on the other hand uses the entire amount you pay to develop the death benefit and so it can be reasonably priced even where the coverage is large. That is why expert today recommend it for pure insurance protection. However, you must understand the policy price also depends on some other factors such as the following:
• Subtype of the policy one chooses
• The age, gender and physical condition of the applicant at the time of policy purchase
• Life style and habits such as tobacco use of the applicant
• Some hereditary factors
• Hazards at his job or hobbies
• Coverage term, coverage amount and premium payment mode chosen by the applicant

The first point is that term life too can have different variations and the policy price to a large extend depends on the kind of policy you choose. Isn’t it natural that the traditional policies, which require the applicant to undergo a medical test and take time to complete the underwriting process, will be more reasonably priced than no medical policies, which provides instant life insurance protection? They always are!

You see, the traditional policies offers the protection only after the underwriters have been able to determine the risk as well as the cost of insurance accurately while in case of the later, many of the issues are left unresolved. However, anybody with some business sense should understand that the carriers would never take upon themselves the risk of those undermined risks; they will ultimately pass it on to the consumers. Here too, when the carriers determine the policy prices, they include all of them under it.

The best way to understand the price difference is to receive and compare the quotes from different policies. Today, you can receive life insurance quote on line and so if you want you can easily take up such research work from the comfort of your home. Only make sure of two aspects. Firstly, the online broker, who is offering the quotes, is affiliated with reputed carriers; names of such carriers should generally be mentioned on their homepage. Secondly, make sure that the carriers themselves are of financially sound health and their claim payment records are impeccable. Otherwise, your beneficiary may have to face hurdles at the time of claim payment.

Now the question is how you can be aware of financial health of a carrier; nobody advertise their financial ill health and we come to know about it only when the establishments go bankrupt. However, there are ways out of this problem too. Firstly, brokers are generally aware of such facts and no reputed broker will work with financially weak carriers; therefore, if you work through them, you can remain a little safer. However, before you entrust your family’s future with any of the carriers; it is always best to check their financial status through the independent credit rating agencies. That way you can be surer.

Let us now go back to where we were. Today instant term life insurance quotes are available online. If you want a large benefit at the least rate, you have to study these quotes seriously and then manipulate them to your advantage. However, you cannot do much about your age, gender, hereditary factors or even your occupation; they cannot be altered. Nevertheless, there are others, which you can modify to suit your purpose. Before we conclude, let us have a look at them.

Firstly, you can take better care of yourself so that your body mass index remains within the permissible limit and the minor ailments that you may have remain under control. Moreover, if you use tobacco in any form, you must immediately quit it. Tobacco use may increase your rates quite a few folds; quit it for a year at least to get affordable rates. Your driving habits too count and so avoid getting booked at least for six months prior to policy purchase. Choose the coverage term and amount carefully as well; however, do not lower them too much or your purpose will lost. Lastly, pay the premiums annually. That is the cheapest.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life ins quotes and seguro de vida, visit his site today.

Try Term Life Insurance For Seniors To Provide The Protection When Traditional Policies Fail

It is a fact that when you are young, you have many liabilities on your shoulder and at such a time, you need life insurance coverage more. Term life insurance too comes cheaper if you buy the policy while you are still young and healthy. However, it does not mean that older people will not need coverage or they must live uninsured. Such people may need less coverage; nonetheless, sometimes they too cannot afford to do without it. Today we have term life insurance for seniors, especially formulated to suit their need as well as their condition.

Now, the question is why a senior citizen should need life coverage. Earlier, it was said that, one should not need insurance protection once he has crossed the age of 65. However, that is only in the ordinary sense; there can be exceptions too. Here are some of the reasons why:
• Senior citizens may buy insurance policies for covering their final expenses and estate charges.
• Some, who do not want to be burden on their family, may buy such policies to cover critical illness.
• Some people may start earning late in life and may not be ready for self-insurance until quite late.
• Some others may start their family late and may have liabilities even when they cross the age of 65.

The purchase process of term life insurance for seniors is generally same as purchase process involved in the low cost term life insurance designed for younger people. Both these policies start with receiving quotes. However, one of the main differences is that while low cost policies require the applicant to appear for a medical test, the coverage under term life insurance for seniors is generally based on answers to few health related questions.

Other than that, there is a difference in the underwriting process too. It is natural that senior citizens will have many health problems and so the parameters for granting coverage are naturally quite relaxed. However, it is important to remember that the carriers are here to earn profit and so they cannot be expected to take upon themselves the added risk of insuring a senior citizen. That is why term life insurance for seniors cost higher than the traditional policies designed for younger people.

Another point to remember is that, unlike graded policy, which too has been conceived to cover the insurance needs of the senior citizens, there is no waiting period involved in the term life insurance for seniors. Your family starts getting the coverage for the full amount as soon as the policy is issued. Therefore, if you have been refused coverage by carriers because of your age factor, do not get disheartened; just try for senior citizen’s term life insurance quote on line. You may have to pay at a higher rate, but you are sure to get the coverage.

Now, the question is why you should try for the life insurance quote on line. The answer is simple; it is the easiest and the quickest way you can get multiple quotes. You only need to make sure that the site that is offering the quote is connected with well-established carriers. In such a case, you can receive quotes from all such carriers just by filling up a single form. What is more, you can now study them in your own time and pick out the policy that will suit you the best.

Indeed, there is no good or bad policy. All life insurance policies are equally good; they have all been underwritten with a particular situation in mind. The life insurance no medical exam policies for example are very expensive, especially for a young and healthy person with zero tobacco use. However, if you use tobacco products regularly or have some ailments, which will automatically increase the rates you can avail its quick and hassle free coverage without any additional cost. What is more, the term life insurance for the seniors are also a variation of the same no medical policy.

Contrarily, if you take in cocaine occasionally or require immediate coverage, there may not be any other option than to try for these life insurance no medical policies. Know that, there can be two types of no medical policies. Among them, the simplified issue policy is more common, but is less expensive. However, although there is no medical test, the coverage under this policy is not guaranteed. The guaranteed issue policies are even more expensive because such policies are far riskier for the carriers. As I have indicated, the options are there; you only have to make an intelligent choice.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life term and seguro de vida, visit his site today.

Step By Step Guide To A Cheap Life Insurance Policy

Life insurance in some obscure form must have always been there; it is only since last century that the concept has been institutionalized and brought under state regulation. Today, all insurance transactions are governed by the state laws. That is why if you study an insurance life quote form, you will find that the name of your state coming at the top of it. Let us begin with the study of a quote form because the rates you will finally be paying will be based on the quote you receive.

As I said, providing the name of your state is compulsory because of legal requirements. However, all the rest are required for determining the probable cost of insurance. Let us look through the more important fields first:
• Date of birth: the younger a person is the greater is his possibility of outliving the need for insurance and so such a person always gets the coverage at the lowest possible rate.
• Gender: Women have longer lifespan and so they always are charged at a lower rate.
• Height & Weight: Since obesity may cause many diseases later in life, higher body mass index can lead to higher rates.
• Tobacco Use: It too can be the cause of many diseases later on and so a tobacco user is always charged higher.
• Health Plan: There are four health plans, each attracting different rates. Select yours carefully.
• Coverage amount & coverage term (in case of term life): Higher amount or longer term increases the risk for the carriers and so one is charged higher for that.
• Premium payment mode: Annual payment mode is always cheaper.

Other than these, most brokers may also want to know your name and address, contact number or at least your email ID. However, if you do not want to reveal your personal details in the very beginning, that is quite understandable. You will find many brokers ready to provide you with life insurance quote without wanting to know such details; you may just have to search a little more; that is all.

Now, you may wonder what actually a life insurance quote is. In brief, such a quote is an estimate that you may have to pay if all the details you have supplied in the quote form are correct. More accurately, the quote is the price the carriers offer before verification of the facts. The actual rates will be offered after more information is gathered and verified. That is why if you are not cautious while filling up the quote form or supply misinformation, the rates can vary drastically from the quotes.

Let us now go into the purchase process very briefly. It always starts with receiving life insurance quote. However, before you can receive such quotes, you are first required to decide what kind of policy will be suitable for your need. If you are looking for cheap life insurance coverage, the term life will be your best bet. Indeed, if you buy the policy while you are still young and healthy, you can buy a large coverage at a very reasonable rate.

However, remember that, it is only the fully underwritten policies, which require the applicants to go through a paramedical test, can offer the coverage at cheap life insurance rates. Term life insurance no medical exam policies are also there; but they are much too expensive, especially for healthy and tobacco free people. Many people however like them because of their quick and hassle free purchase process; it is up to you to decide if the convenience these policies offer are actually worth the rates they charge.

Now, let us go back to describing the process involved in purchase of a term life policy. It always begins receiving quotes. Always try to receive quotes from as many carriers as possible. Know that, each carrier follows different set of underwriting guideline and so for the same profile, they are sure to offer different quotes. That is why receiving multiple quotes and then comparing them to receive the best deal is an important part of the process.

Once you have made your selection, it is time you make a formal application and for that, you will have to fill up a more detailed application form. In due course, somebody from broking firm will contact you. He will do that to fill up any missing link and organize the paramedical test. A paramedic will come to your chosen location at your suitable time to take such test. Once that is done, you just wait for the underwriting process to finish. If you qualify, you will get to know about it and in a month’s time, your family will start receiving the coverage.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life term and life insurance no medical, visit his site today.

Study Term Life Insurance Quotes To Know Why You Should Opt Only For Term Insurance

It is sad that most people are dazzled by the glitter of cash value policies. Indeed, when we hear about their life long coverage along with scope for capital build up, a term insurance does appear to be a very poor cousin. It neither covers you for your life, nor provides any investment opportunity. It offers the protection only for stipulated years; and what is more, the premium you pay does not buy you anything other than death benefit! Who would want to go for such a policy when better alternatives are available? Surprisingly, many do!

Many people, especially those who understand the technicalities of insurance policies, actually prefer term insurance to any other policy. Do you remember the maxim that says ‘all that glitters is not gold’? Indeed, the cash value policies may glitter, but they are not at all gold. Firstly, they are overpriced. You may say that anything that offers all these facilities need necessarily be so; but are the facilities worth the price you will be paying if you choose a cash value policy? Sadly, they are not!

Let us first take up the case of temporary duration. If you study the term life insurance quotes, you will find that these policies are sold mostly for 10/15/20/25/30 years. Some insurers may also offer the policy for one or five years, but that is irrelevant; the mute point is, is not thirty years long enough time for you to settle all your insurance needs? It definitely is; but to make sure let us see why a person generally buys a policy!

Ideally, a life insurance policy should provide coverage of financial responsibilities such as dependent care, children’s higher education, funeral cost, mortgages and consumer loans. Do you think one needs more than thirty years to settle any of the above responsibilities? If one has an iota of financial discipline, he surely will not. The truth is that, one should remain covered only as long as there is an insurable interest to protect and an income to replace. None of the above conditions remains valid for life and so what will you do with whole life coverage. Buy term life for relevant years and pay only for that!

That was one part of the story. Let us now talk about the other. Many do not like term insurance because it buys nothing but death benefit, which in effect means that, if you outlive the policy, you do not get any return out of it! Contrarily, all other policies accrue cash value and so once the need for insurance is over, you can cash out the policy and get at least some return. Now, have you ever wondered how the policies accrue that cash value? They do that simply by charging more than is required and then diverting the amount above the cost of insurance into an investment account. If you instead buy cheap term insurance and invest the difference into selected funds, you are sure to get better return.

Therefore, for insurance purpose, buy term life. Start the process of purchase by applying for cheap term life insurance quotes. Now, why have I added the word ‘cheap’? Is not every term insurance policy cheap? Here too the answer is no! Only those policies, which require you to undertake a medical test and themselves undergo detailed underwriting process, are cheap. Some like no medical policies provide instant coverage, but they are quite expensive.

Indeed, no medical policies are often known as instant term life insurance, but if you look through internet for instant term life insurance quotes, you may come across many sites selling fully underwritten cheap term life insurance instead of no medical policies. May be that is because today you can get the quotes from all leading insurers instantly and that too by filling up a single form; you just need to choose the brokers right.

However, before you can look for quotes you first have to complete the following tasks:
• You first need to decide, how long you are willing to wait for the coverage. Know that cheap term insurance takes four to six weeks of underwriting time.
• Then decide on the coverage term, coverage amount and premium payment mode.
• You must also determine your height, weight and the health plan. Your age and gender is equally important. However, you must already know them.
• If you want coverage under cheap term insurance rates and use tobacco in any form you should consider giving it up for a year at least. Also, lead a healthy, active and disciplined life through out that period. Remember that anything that has an effect on your longevity will have an effect on these rates too and so take care.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life insurance quotes and term life insurance no medical exam, visit his site today.

Term Life Insurance No Medical Provides Coverage For Anyone

A non-medical term insurance is a suitable alternative to traditional life insurance term life insurance. Though it is more expensive than the conventional policies, it simplifies the underwriting process. It also eliminates the cost of medical tests and the time spent waiting for these tests. This type of policy is available for the following groups of people:

Seniors

High risk professions

Dangerous hobbies

Chronic illness

Pre-existing conditions

Not only people who fall under these categories, even young and reasonably healthy individuals also can apply for this. People who are young and healthy can get good coverage without the hassle of undergoing medical exams. Since life insurance companies are taking a risk by insuring such people, they will carefully select those who qualify for a term life insurance no medical. This policy can be quite expensive for those who are in dangerous professions or who have a chronic illness or seniors etc., Yet, this policy could possibly be the only way that most of them can get insurance coverage for their family.

When you get a life insurance quote on line, you will be given the rates for different categories. Life insurance rates will always be determined by the risk posed by the applicants. A healthy, young person is considered less of a risk that one who is older, smokes or has a chronic illness. Hence, the insurance rates for the former will be lower than for the latter. Under each category that you fall under, it is best to request several quotes so that you can compare them and get the best possible rate.

For a no medical life insurance, the risk is not known since a medical report is not submitted by the applicant. Hence, the risk is perceived to be greater and so the rates will also increase proportionately. Non medical insurance applications can be completed online. Some of the questions will concern the general physical condition of the applicant, the height / weight ratio, family medical history and such. Some companies will ask the primary care physician of the applicant for a medical report.

This type of insurance often called instant life insurance since, quite often the entire application process is completed online. Based on the answers to the questionnaire, if the insurer thinks that the applicant will develop a serious illness later, they may want blood work and a physical exam done. If these exams reveal a dangerous illness, the applicant may not be given coverage under this plan. They will have to seek an alternative. One must be honest in answering the questions. Otherwise it will be considered as fraud or material misrepresentation and the application can be rejected.

If a person tells a lie either accidentally or deliberately, it is considered a material misrepresentation. If such a case is found even after a few years, the policy can be terminated or payment denied on any future claims. In such a case, the beneficiaries can only get a refund of the premiums, nothing more. Even though a non-medical policy can be issued for most people, the insurance company still follows a selection process and determines rates based on some pre-determined factors.

Hence, since younger people, especially those under 35 will usually represent the low risk category, they can get much lower rates. Not that every youngster will get it cheap. This again depends on their lifestyle choices, nicotine and alcohol use etc. Usually, term insurance no medical exam plans are issued for anywhere between 5 and 30 year periods. Most permanent insurance policies are issued only after the medical exam is conducted since they are taken for the entire life of a person.

Apart from non-medical insurance, there are some others like instant-issue term insurance that can be given quickly. For such a policy, you will be asked around 40 questions that cover a range of health issues. This includes questions on whether a person drinks, smokes, takes drugs, gender, age etc. The premium rates will be fixed based on the questions with women generally given lower rates, as, they are usually healthier, have lesser dangerous habits and are therefore expected to live longer. Although non-medical insurance is more expensive, it benefits a lot of people. So, the best move would be to compare online quotes for this plan from multiple insurance providers, calculate costs and then go with someone who offers the best rates, terms and conditions.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life and no medical life insurance, visit his site today.

Term Life Insurance No Medical Provides Coverage For Anyone

A non-medical term insurance is a suitable alternative to traditional life insurance term life insurance. Though it is more expensive than the conventional policies, it simplifies the underwriting process. It also eliminates the cost of medical tests and the time spent waiting for these tests. This type of policy is available for the following groups of people:

Seniors

High risk professions

Dangerous hobbies

Chronic illness

Pre-existing conditions

Not only people who fall under these categories, even young and reasonably healthy individuals also can apply for this. People who are young and healthy can get good coverage without the hassle of undergoing medical exams. Since life insurance companies are taking a risk by insuring such people, they will carefully select those who qualify for a term life insurance no medical. This policy can be quite expensive for those who are in dangerous professions or who have a chronic illness or seniors etc., Yet, this policy could possibly be the only way that most of them can get insurance coverage for their family.

When you get a life insurance quote on line, you will be given the rates for different categories. Life insurance rates will always be determined by the risk posed by the applicants. A healthy, young person is considered less of a risk that one who is older, smokes or has a chronic illness. Hence, the insurance rates for the former will be lower than for the latter. Under each category that you fall under, it is best to request several quotes so that you can compare them and get the best possible rate.

For a no medical life insurance, the risk is not known since a medical report is not submitted by the applicant. Hence, the risk is perceived to be greater and so the rates will also increase proportionately. Non medical insurance applications can be completed online. Some of the questions will concern the general physical condition of the applicant, the height / weight ratio, family medical history and such. Some companies will ask the primary care physician of the applicant for a medical report.

This type of insurance often called instant life insurance since, quite often the entire application process is completed online. Based on the answers to the questionnaire, if the insurer thinks that the applicant will develop a serious illness later, they may want blood work and a physical exam done. If these exams reveal a dangerous illness, the applicant may not be given coverage under this plan. They will have to seek an alternative. One must be honest in answering the questions. Otherwise it will be considered as fraud or material misrepresentation and the application can be rejected.

If a person tells a lie either accidentally or deliberately, it is considered a material misrepresentation. If such a case is found even after a few years, the policy can be terminated or payment denied on any future claims. In such a case, the beneficiaries can only get a refund of the premiums, nothing more. Even though a non-medical policy can be issued for most people, the insurance company still follows a selection process and determines rates based on some pre-determined factors.

Hence, since younger people, especially those under 35 will usually represent the low risk category, they can get much lower rates. Not that every youngster will get it cheap. This again depends on their lifestyle choices, nicotine and alcohol use etc. Usually, term insurance no medical exam plans are issued for anywhere between 5 and 30 year periods. Most permanent insurance policies are issued only after the medical exam is conducted since they are taken for the entire life of a person.

Apart from non-medical insurance, there are some others like instant-issue term insurance that can be given quickly. For such a policy, you will be asked around 40 questions that cover a range of health issues. This includes questions on whether a person drinks, smokes, takes drugs, gender, age etc. The premium rates will be fixed based on the questions with women generally given lower rates, as, they are usually healthier, have lesser dangerous habits and are therefore expected to live longer. Although non-medical insurance is more expensive, it benefits a lot of people. So, the best move would be to compare online quotes for this plan from multiple insurance providers, calculate costs and then go with someone who offers the best rates, terms and conditions.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life term and life insurance no exam, visit his site today.

Insurance Companies Offer Term Life Insurance Quotes For Free

Most insurance companies offer an insurance life quote to anyone who wants to buy it. Anyone who wants to these quotes can get them free. One can get a free quote in several ways. First, you can find out from the place where you bought your auto or home insurance if they have other types of plans too. Ask them for a quote. If you take a life insurance policy from them in addition to other plans, you can get a discount too.

Some people prefer to get quotes from a company that has a good reputation. You can call up such a company or companies and request quotes from them. Another method that is growing in popularity with the modern generation is to get a life insurance online quote. This can be generated very quickly, for after entering a few details, you can get a quote delivered to your email inbox within a matter of minutes. If you have any clarifications, the representative of the company will clear all doubts and make a real offer.

Based on this offer, you can go with that company or wait and check out other plans. By searching for insurance quotes online you can compare the rates between different providers. In fact, there are dedicated websites that provide comparison of insurance quotes for as many as ten companies at a time. You can also get free quotes from an insurance broker. You call him and he will will meet you and get relevant information from you and then give you an idea about the plans that will suit your needs.

Some of the details that insurance quotes require include:
Age
Gender
Weight
Height
Existing medical conditions
Smoker or non-smoker

People who are middle aged, smoke and are overweight will find it hard to get low cost insurance. Such people can request for special term life insurance quotes that do not require any medical exam to be undergone. Choosing a broker has the one disadvantage he will represent only a few companies and will sell you policies only from those.

This may not result in you getting really low cost insurance. Hence, getting quotes online from multiple insurers is the best option. This is a painless and quick process. If you choose the no exam option then the policy can be issued within a few minutes. Using multiple methods to get a life insurance quote will let you get the best information possible. This allows you to compare terms, conditions and rates for different plans and choose one that will benefit you the most.

Apart from getting and comparing quotes, you can also find several expert tips on how and where to find low cost life insurance. They recommend that you buy insurance from an insurer who competes on low price. Some companies make use of sales agents to sell as many policies as possible. Others compete in the market based on low life insurance rates. You can save a great deal if you spend time researching these companies and compare the rates they offer before buying a policy.

Another way to get low cost insurance is by answering all medical questions and submitting to a medical exam if needed. Some companies will waive a medical exam for young and healthy people, women etc. However, undergoing a thorough medical exam will ensure you get low rates especially if you pass the exam without too many health issues. Bypassing a medical exam will provide limited coverage at very high rates. Of all the different insurance term policies available, a level term is considered the cheapest.

For this policy, you will pay insurance for a fixed period of time at rates that will not vary. The rates will be based on the coverage amount and period, with higher amounts and term attracting higher rates. The only drawback it has is: when the period is over and you wish to renew the same policy, you may need to pay higher rates. This will be because you are older and have developed some medical issues. Dont forget to check renewal terms too when getting a policy. This way you can get affordable insurance even when older.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on instant term life insurance and no medical term life insurance, visit his site today.

Factors That Determine Insurance Life Rate

Getting a life insurance policy is a good investment. It protects your family even when you are deceased. Apart from knowing the different life insurance policies like term or permanent insurance, you also need to know the rates for each type. Insurance life rate depends on various factors. Knowing these can help you determine the rate you need to pay. It can also help you take a few steps to get lower rates. Go ahead and learn about the factors that go to make up rates of life insurance:
Birth date
Health status
Nicotine use
Occupation
Hobbies
Medical history

When you ask for a life insurance quote, - whether online or through an insurance agent - most companies will want information about the above points. Once you supply them with these details, they will give you a quote. So, let us see how these factors affect insurance life rates. A young person will get a lesser rate for they are considered to have a longer life expectancy. So, your birth date determines whether your insurance rates will be high or low. An elderly person is said to be at a higher risk of dying early and can also have some medical conditions.

All insurance companies will ask for a complete medical exam to be undergone before a policy is issued. They will have to submit blood and urine samples, give their height and weight, and take X-rays and ECG to determine their health status. All medical conditions like AIDS, high blood pressure, high cholesterol, diabetes, and heart disease will be revealed at this point. This will have a serious effect on your insurance rate. Hence, take good care of your health and know all treatable medical conditions before applying for life insurance.

Of course, it is still possible to get a policy without attending any tests. This type is called life insurance no medical. It is available for both insurance categories. However, even for this, the insurance company will ask a few health related questions and cross check medical records before issuing a policy. Still, it is possible to get insurance coverage. But the fact is, insurance life rate for this plan will be much higher than that for one where a medical test is undergone.

Smokers and alcoholics will attract higher insurance rates since the mortality rates among such people are very high. Insurance companies will only calculate rates after determining a persons nicotine use. So, if getting low insurance rates is important to you, then quit these habits at least six months before applying for a policy and you will surely get low rates.

Risky occupations like miners, fishermen, construction workers etc. are all at risk of dying due to an accident and hence will attract higher insurance rates. Similarly, those who love danger sports like sky diving, bungee jumping or deep sea diving etc. are also risking their lives while enjoying these sports. Insurance companies are reluctant to provide coverage for these people or charge very high rates. Many illnesses are hereditary, so, insurance providers will ask your family medical history when you ask for a quote.

Universal life insurance is a hybrid form of whole and term life insurance. It was introduced in the late 1970s as a flexible option to both these policies. When you invest in universal life insurance, you will be paying premium like all other plans. A part of this is invested in growth schemes and your premium value and interest is what determines the cash value you have in your account. The cash value is the portion that supports death benefit. As long as your account has enough cash value, your policy will exist. Once there is no cash value, it will cease to exist.

A great benefit of universal life insurance is its flexibility. The policy holder will have the flexibility to pay more or less premium depending on his personal financial situation. If he wants to maintain the policy for a short period, he can pay more premium amounts. On the other hand, if he has some financial constraints, he can reduce premiums or even skip payments. Of course, there are risks involved with this policy, so know them before investing in it.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance term life and no medical life insurance, visit his site today.

If Your Are Healthy You Can Get Instant Life Insurance Online

If you know well about the types of insurance policies, costs etc., you can visit online sites that specialize in them and request a quote. After answering a few questions relating to your health, you will be assessed through an online evaluation system. If it confirms that you are healthy and young, you can get instant life insurance online. You dont have to spend time visiting an insurance office. This is a great boon for busy professionals who want to buy insurance to take care of their families but do not have the time for lengthy medical and application processes.

This process works if you know how much insurance coverage you need, the type of insurance plan you prefer and the length of the plan. If you are not aware of these details, take the help of online tools. Use a free insurance calculator provided on quote websites that will help you calculate the amount of coverage. Some calculators are simple to use and others very complex. Use one that you can understand or get some professional advice from an insurance agent.

Once you get an idea about how much coverage amount you need, you can request for a free life insurance quote. It provides you with the premium amount for this figure. Get as many quotes as possible from various insurance providers. This will help you decide who company offers the most affordable policy. The number of years of coverage you need will really depend on the type of plan you get. If it is permanent insurance, the coverage is for your entire lifetime. If you prefer a term insurance since it is cheaper, then calculate the coverage period based on various parameters.

One parameter can be the age of your youngest child and when he or she will graduate. If your child is 5 years old right now, 15 or 20-year plan will be suitable to you. If providing financial security to your spouse in her old age is your main objective, then go for a slightly longer policy depending on her current age. A policy that protects your spouse will ensure her to lead a comfortable life, even after you. The quickest policy to process online is a no medical exam term life insurance. Many insurance providers offer this policy. They mainly target young and healthy, who do not have the time to go to a clinic or who are afraid of medical tests.

These people need to simply fill in an online health questionnaire. They will soon be issued a policy sometimes as quickly as 15 minutes. A few years ago, before the dawn of computers and the Internet, getting life insurance so quickly was just a dream. So, you can make use of these benefits provided by the new technological revolution and get some decent coverage for yourself and your family.

Anyone who knows something about life insurance policies will know that life term insurance is the cheapest among all the types available. Even under this plan, there are different sub-categories. Your choice can depend on your future needs and the amount you can spend. One such excellent plan is the 10-year life term insurance that contains an assured level premium and guaranteed death benefit. consider these factors when choosing this plan:
Death benefit offered by the policy
Conversion privilege
Additional Riders
Minimum and maximum coverage
Living benefit riders
Child and spouse riders

First select how you want the death benefit paid to your beneficiaries. This could be as a monthly income or a lump sum. Some policyholders who name their kids as beneficiaries may prefer the former option. It is due to the fear that their kids may spend the money recklessly if they receive it in a lump sum. Make sure the 10-year life term insurance offers the conversion option when it expires. This option could be to renew the policy or convert it to a permanent one.

The available riders for a 10-year term include waiver of premium and accidental death benefit. Depending on medical history and age, different minimum and maximum coverage terms will be provided, so ensure that these fit your needs. Living benefit rider helps those who get a terminal illness during the 10-year term and need some relief. The spouse and child riders also offer many benefits, so check out all these options before signing on.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life insurance term life and life insurance quote, visit his site today.

Universal Life Insurance Is A Perfect Blende Of Life Insurance And Savings

Life Insurance or life assurance is an agreement between the insured or the policyholder and the insurer or the insurance provider. As per this contract, the insurer agrees to pay a pre-determined sum to the beneficiaries of the insured also called a death benefit. Sometimes, payment can be made due to a critical illness. On his part, the insured agrees to pay a stipulated sum periodically or in a lump sum called premium payments.

Life insurance contracts fall under two main categories:
Temporary
Term Insurance
Level term
Renewable Term
5-30 year term policies
Permanent
Whole life
Universal life
Endowments

It is best to learn about all these various types of policies before requesting a life insurance quote. A quote can be got online at one of the insurance websites or dedicated life insurance quote websites, it can be got from an insurance agent or from a specific insurance company. If you have more than one insurance policy health, accident, auto then ask your insurance provider for a life insurance quote too.

Since you are an existing customer, chances are that they will give you an excellent rate. A term insurance policy can be taken for one year or in multiples of 5 years going up to 30 years. Usually, level term policies are taken for a 5 or 10 year duration when the death benefit remains the same and rates will not increase for the entire period. These policies are used to take care of short term needs and are quite inexpensive. Those who want a no medical exam life insurance can also opt for this time period for this plan is given for a specific coverage amount and for a limited time period.

You will be able to get affordable rates through an insurance for even a no medical exam term insurance, which is otherwise quite expensive. Those who want to save for the future education needs of their children can opt a term insurance. A term insurance is for 15 years and over. If your child is presently 4 years old, a 15 or 20 year term insurance is good to take care of his or her future education needs especially if you are not around any longer. This provides financial security for your spouse who need not worry about the education needs of your kids.

Permanent insurance policies are more expensive than temporary term insurance for they all have an added cash value. Some people who prefer to control their investment portfolios will prefer to get term insurance and invest the extra cash in investment schemes of their own choosing. Others may not mind allowing the insurance companies to invest a portion of their premium amounts in different schemes like stocks, bonds, shares etc. A permanent insurance policy provides the vehicle for people to save money.

Another advantage is that if the need arises, the policyholder can take a cash loan from the accumulated cash savings in their permanent insurance account. This is a great boon for those who may need cash quickly for an emergency operation, repair of their car or home. Of the different types of permanent insurance plans, your chances of getting a high return on investment will be greater if you opt for a variable universal life insurance.

A universal life insurance is a perfect mixture of savings and life insurance. It provides the investor the flexibility of deciding the frequency of premium payments and the amount of death benefit from your policy. You also have control over the proportion of money you want in life insurance and savings account. While there are enough funds to take care of administrative costs and death benefits, the insured has the right to keep altering the monthly outlay.

When your salary levels are high, you can increase premium amounts and reduce them when you need funds for other purposes. Universal insurance offers the benefits of whole life at lower premium levels. Always place your investments with companies that are doing well. It will allow your money to grow. If your funds are placed in high risk investments that will fail, then you may lose your cash as well. So, compare top quality quotes from established websites and get the right plan for the security of your family should be your prime concern.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life insurance term and life insurance quote on line, visit his site today.

For Busy People Life Insurance Quote Is the Most Favoured Option

These days, most busy people opt to get their life insurance and term life insurance policies via online sources. Visiting different insurance companies can take a lot of time, and you will also waste time listening to unending sales talk. Most people have a fairly good idea about the types of insurance policies that are available and will request for quotes for the ones they prefer. Even those who do not have any knowledge about insurance plans can read the enormous number of articles and blogs available on the Internet concerning life insurance policies.

Insurance websites provide online calculators. With the help of these calculators people can select the exact amount of coverage they need. If they opt for a term insurance, these calculators will help them decide the number of years they need to take the policy for. One can search and compare online quotes to get cheap life insurance. At comparison websites, you can make a parallel comparison of rates, coverage amounts and other terms and conditions and choose the best and most affordable policy.

Some of the details you need to provide on a life insurance quote are:
State
Birth date
Gender
Smoker (Tobacco)
Health class
Preferred plus
Preferred
Regular
Regular plus
Type of insurance
Face amount

The information required on different insurance websites can vary slightly, but the basic details will be the same.

Some people do not know what health class category they fall into. Such people can refer to information provided online that will give them some guidelines about who will qualify for which category. For example, a person who is young, who has the ideal height: weight ratio and does not drink or smoke can come under the preferred plus category. All insurance companies ask their applicants to undergo a thorough medical exam before placing them in a specific category that will ultimately determine their insurance rates. People who do not know what health class category they fall into can refer to information provided online. It will give them some guidelines about who will qualify for which category. For instance, if a person is young, has the ideal height: weight ratio and does not drink or smoke, he can come under the preferred plus category. All insurance companies will ask their applicants to undergo a thorough medical exam before placing them in a specific category that will ultimately determine their insurance rates.

The insurance figures provided in the initial quote is only a rough estimate. The final figure will only be given after a complete medical exam report is submitted and the underwriting process is completed. There are three way in which online buying process can be done. The first is by visiting a website of an insurance company, get quotes and filling out an application. The insurer will process the application and get back to you if further information is required. This could be a medical report, salary certificate, period of employment and so on.

A medical exam will be based on the age, past medical history and the amount and period of coverage. You may have to meet with a company representative or an insurance agent. When the insurance company is satisfied, your application will get approved. Such a plan can provide coverage of even $10,000,000. Second method is by completing the application and buying the policy online. This is called a no medical exam term life insurance and it can provide coverage up to $500,000 sometimes.

This type of policy is usually more expensive than a traditional policy that you will qualify for after a medical exam. However, even for this plan you can find fairly inexpensive rates by researching many online quotes. If all your details are approved, you can be get the policy the same day. Another way of buying insurance online is to visit a site, give basic information and get a quote. Then an agent will contact you and will guide you through the rest of the application process.

There are some security measures you must keep in mind when visiting online sites. The information provided on the Internet can be exploited by unscrupulous people. Make sure you visit only secure websites that provide you with information as to the security checks they have in place. Make sure the website provides a clause that prevents them from selling your information to a third party. It is best to visit the website of established insurance companies. Even if you visit a comparison site, make sure they deal with the top insurance companies. This means the site is reliable and that your information will be safe.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term insurance and universal life insurance, visit his site today.

Term Life Insurance No Medical - A Convenient Policy

Most types of life insurance require a complete medical exam to be undergone before the underwriting process begins and the policy is issued. However, these days, a new trend is emerging to suit those who hate undergoing medical tests only for the sake of obtaining an insurance policy. These people can go in for a term life insurance no medical that will be issued without any need for a health exam. This makes it easy not only for those who are afraid of undergoing tests but also for those with some potential health issues or pre-existing medical conditions which disqualifies them from getting a regular insurance policy.

A life insurance quote on line will provide you with many such plans that can be got without a medical exam. These policies are however not cheap since the death benefits are less and the premium rates are higher. This is mainly because the insurer will try to protect his interests in case the insured dies soon after taking the policy due to some illness. Even if, the beneficiaries can only get a cash value payout two years after the policy comes into effect. If the insured dies within the first two years, the insurer is under no obligation to pay any death benefit.

Like types of plans, the rates will be less for young and healthy. However, they can opt for a traditional policy after undergoing a medical exam. It means that they can get cheap life insurance, higher coverage and for a longer period of time. Some insurance companies offer a special no exam term insurance policy for senior citizens over 50 years of age. This offers a simple policy with less death benefit that covers final expenses.

Some of the questions that can be asked on for a no medical exam plan include:
Age
Gender
Past medical history
Cholesterol levels
Blood sugar levels
Nicotine habits
Height : Weight Ratio

Apart from these questions, some companies can even ask for a mouth swab and blood work to be done. Usually questions on familys medical history will be asked since certain life threatening diseases like breast cancer, diabetes, heart disease are all hereditary.

If your father or mother suffers from or died from a heart ailment, there is a high probability that you also can suffer from the same condition later in life. So, even if a currently young and healthy individual applies for a no medical exam policy, the insurance company will study their lifestyle very closely. If your weight is normal, if you exercise regularly and do not drink or smoke, your insurance rates will be cheaper even if you have a family history of heart disease.

If you are obese, drink and smoke, even a no medical exam can be denied to you. This is because, your unhealthy lifestyle plus your family history of heart disease makes it highly likely that you will die young. The insurance company will not take the risk of insuring your life. Similarly, a person with a family history of breast cancer will need to undergo periodic tests and provide a clean bill of health to qualify for any type of life insurance.

Even for no medical exam insurance, you maybe asked to provide some supporting documents to show that you are free from breast cancer and are leading a healthy lifestyle. Honesty is extremely essential when answering the questionnaire since companies have a way of finding out the past medical history of a person. If at that time they find out some serious illness, they can end the policy at once. All the premiums paid up to that point will be lost too.

To get instant term life insurance you must be in good health and your health questionnaire should reflect this. In such ideal cases, the insurance company can complete the entire application process online so that you can get a plan approved within a few hours. This really is helpful for the professionals who do not have the time or inclination to attend medical tests and yet want protection for their family. Hence, a no medical exam term life insurance can be considered a great time saver.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life quote and cheap term life insurance quotes, visit his site today.

One Can Get An Instant Term Life Insurance Approved In Just 15 Minutes

In a fast paced world where most working people do not have time even to read the morning new paper in the traditional way, technology has simplified life. Now, people read newspaper while on the train commuting to work on smartphone, Kindle or iPhone.  Similarly, life insurance has also become instant with people not having the time needed to fill in lengthy applications and waiting for a few weeks for blood tests to be completed and underwriting process done. Hence, buying instant term life insurance online has become the popular choice for many.

Just think how much simpler it is to give an insurance company relevant information online.  All that you need to do is to request for multiple instant term life insurance quotes, fill in a short form and wait for a simple verification to be done.  In fact, if you choose to go with a no medical exam term life insurance, you do not need to see a doctor, nurse or paramedic for a physical.  Just answering a few medical related questions is all that is needed to get the policy approved.  No wonder the policy is called instant and can be processed in as quickly as 15 minutes.

Due to advancements in medical sciences, people live much longer. A serious illness which a few years ago shortened life can now be treated. Hence, quality of life has improved and the number of years an average healthy individual lives has also increased. Since the popularity of instant term life insurance has grown, many companies are offering newer and better schemes to attract people. While some offer only short term plans, others offer even the longer 10, 15, 20 or 30 year level term policies. The premium rates are competitive and one such policy can even last until the holder reaches the age of 95.

Those between the ages of 18 and 65 can apply for any of these plans and coverage is offered up to $500,000.  The plan takes only 15 minutes to be approved and can be truly called instant.  All those who have dependants to support  children, spouses or other dependent relatives  can buy these plans.  Some business owners even offer such schemes as part of their employee package.  This is a great incentive for good employees to continue with a firm until retirement.

Here are some tips to buy a life insurance policy online in the best possible way. Before you request a life insurance quote on line, keep some basics in hand that will help you get the right plan for your needs.

How much coverage to get

Which policy to settle for

Which insurance company to choose

The needs of individual families can vary. Some have many kids to support, others have none, some have only a spouse to support, some have a disabled sibling to take care of etc. So, to know how much insurance to buy, you can use the online calculator provided in every quote website. Give some inputs like expected coverage amount, period. The calculator will give you an accurate estimate of premium cost.

There are several coverage levels provided. If you find one too expensive, start the calculator again and input lower figures. You can keep doing this multiple times until you reach a coverage amount you know can protect your family and also affordable one. The choice of policy to settle for depends on your specific needs. If you prefer term insurance for the kids, calculate it based on the age when your youngest child goes to college.

You must also consider the needs of your wife  does she have an independent income or does she stay at home and take care of the family.  In the latter case, you must make provision for her for her entire life. If you have a good job with a high salary, you can choose to buy a permanent insurance package like whole insurance or universal life insurance.

Both these will offer excellent death benefits along with cash savings that multiplies over the years.  Since these plans are for the entire life of the individual, there is no worry about renewing it.  Finally the choice of the company must be decided based on the credit rating from a reputed agency.  A credit rating of B+ and over is considered a safe company.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life insurance rates and cheap term life insurance quotes, visit his site today.

Get Term Life Insurance Quotes And You Will Reap Great Benefits

Insurance term life has of late become popular mainly because of its affordability and flexibility. In tough economic times, it is wise to get cheap and affordable insurance that does not tax a salaried person and at the same time provides protection for his family in case of his sudden death. With the growth in interest in insurance term life, companies have come forward with new and innovative plans to attract a new generation of investors.

The best place to get cheap term life insurance quotes and to know about various types of insurance term life plans available is the Internet. You can visit websites of top rated insurance companies and get their quotes in the internet. You can download these quotes and compare them. You can also find many comparison websites where after you enter a few details, you will get a comparative table of plans, rates, terms and conditions from several insurance companies.  Since all online quotes are free, you can request for any number of quotes. More over, you are under no obligation to take a policy from a company just because you asked them for a quote.

Most people go through the cycle of graduating college, getting a job, getting married and starting a family. At this point, they will start thinking about the future of their spouse and children. Life is uncertain and if the main breadwinner dies early, the family can face a severe financial crunch. A good insurance term policy can save them from such a situation. Insurance policies can be taken by both spouses, so that if one dies, the other is not left in the lurch. IIf in an extreme case both parents die, the children will be given protection by the insurance policies of both parents.

When you request for term life insurance quotes, you will be given the option of 5, 10, 15, 20, 25 or 30 year policies. A popular option for young and healthy people is the 30-year term policy. It has two excellent options:

30-year level term plan

30-year return of premium plan

Along with either of these plans, you can add the following riders too:

Waiver of premium

Accidental death benefit

The 30-year level term plan offers an unchanged death benefit option throughout its life. Some companies offer a lower premium for the first few years after which it will increase. It is really affordable and benefits both insured and insurer. The policyholder benefits from affordable insurance and the insurance company benefits from attracting many customers for this plan.

Those who do not mind a slightly more expensive plan can go in for the second option.  The return of premium plan has a level face amount and premium amount for the entire period.  The advantage is that if the insured outlives the policy term, he is entitled to get back all premiums paid up to that point.  This is a real benefit for one main drawback of insurance term life when it was first introduced was that the policyholder was not entitled to any return of premium if he outlived the plan.  This meant that very often they lost all the money they had invested over the years.

If you add the first rider, then if during the 30-year term you become disabled, after 6 months, if the disability continues and you are unable to make premium payments, the insurance company will step in to meet these payments for the rest of the policy duration or as long as the disability lasts. The second rider is also called the double indemnity rider.  According to this, if the policyholder dies during the term due to an accident, his or her beneficiaries can receive double the face amount from the insurance company.

With such wonderful options, there is no wonder why the 30-year insurance life term plan has become that popular. Still, it is good to look at all other plans such as the no medical term life insurance especially if you have some pre-existing medical condition, a family history of some illness or you are reluctant to undergo a medical exam.  Remember that some plans are more expensive than others. So weigh your options and study quotes carefully before making a final decision.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life rate and life insurance no exam, visit his site today.

Know About No Medical Exam Life Insurance

Most people want to give the best for their family. This means that they will do anything and everything in their power to provide for their family. One of the best investments that a head of the family can get is to give his/her family financial assurance in the future in the event of his/her death. One can do it by purchasing a life insurance policy. There are two main types of life insurance policies to choose from.

The permanent life insurance will offer insurance coverage to a policy holder from the instance that the policy was purchased until the policy holder dies. One advantage of this type of insurance is that there is no expiry date on the coverage and the family or designated beneficiaries will be assured that the cash amount will be given to them.

The life insurance term life insurance policy is a policy that offers policy holders insurance for a specific period of time. The term period will range from 5 years to 10 years. The policy holders beneficiaries will receive the death benefits just as long as the policy holders death will fall within the term of the policy.

Most insurance companies that offer these two policies will require a potential policy holders to pass a pre-screening medical exam before offering them a policy. The medical exam that they will undergo will be comprehensive and will be administered by a company appointed physician. Most people will feel that a pre-screening medical exam is bothersome however a medical exam may prove to be more advantageous to most people.

When a policy holder undergoes a medical exam, the health of this person will be fully scrutinized. The results of their medical exam will accurately depict their health status and prognosis of their life expectancy. When a persons medical exam results are superb, he or she may be given a low cost life insurance rates.

However, if a person does not want to undergo medical exam, he or she may avail of the life insurance no exam policies. These policies are better alternative plans offered by insurance companies. This type of policy is also known as the instant life insurance policy because it will give instant coverage to a policy holder without having him/her pass a medical exam. However, this type of policy has its advantages and disadvantages.

A policy holder will not have to set aside time to have a medical check up annually. This is one advantage we have with this type of policy. This makes the application process simpler and more efficient. Another advantage is that the person applying will not have to suffer the indignity of being denied of an insurance policy just because of a medical condition. The third advantage is that persons even with underlying medical conditions will have the opportunity to be insured as well.

Another advantage of this type of policy is that when you purchase at a very young age, the instant term life insurance quote on line will be based solely on the belief that young age is synonymous with good health. This means that the premium rates that you have to pay with this type of policy will be virtually identical with a plan that would have required you to undergo a medical exam.

Because there is no medical exam, the no exam life insurance policy will base the risk profile of an individual solely on the information given and the age of the individual. This can become a disadvantage especially in the area of price. This type of policy will immediately assume that the older the individual who is applying for a policy is, the greater is their risk profile. This will cause the term life insurance quotes of older policy buyers to become significantly higher regardless of whether that individual is still healthy or has pre-existing medical conditions.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life and life insurance online, visit his site today.

Learn More About Life Insurance Policies

We have come across the news about people dying unexpectedly all the times. They may die due to natural causes such as old age or through a fatal illness. Some people may die through accidents and natural calamities. Such a thing happened in a city of the Philippines where an unexpected typhoon caused massive flash floods that claimed the life of hundreds of residents. In a news report, surviving family members have expressed their grief on the loss of their loved ones and have also asked the governments support for financial assistance. This kind of situation is a disastrous one. However, there are ways to protect family members from being financially devastated due to the unexpected death of the head of the family. This is through a life insurance policy.

A life insurance policy is a sure way of assuring that the loved ones that a head of the family will leave behind will be able to cope with life financially even after that head of the family dies unexpectedly. The life insurance policy acts as a contract which will obligate an insurance company to indemnify the loss of life of a policy holder in the event of his/her death. The amount of coverage purchased by the policy holder is the same amount that will be given to designated beneficiaries upon the policy holders death.

A person who wants to purchase a life insurance policy even if it is just one of the more affordable life insurance policies available must consider how much coverage his/her family will need upon his/her death. There are a lot of things to consider such as the immediate expenses, the recurring expenses and the future expenses of the family. The fees and costs associated with the death of the policy holder come under immediate expenses. This includes funeral services costs and hospital bills. Unpaid credit card bills are also included in the immediate expenses. Recurring expenses are the costs that the family needs to pay to continue their daily living. These will include house rental, mortgage payments, utility bills and other payments made regularly. Future expenses will include the retirement expenses of the surviving spouse or the college tuition fees of school aged children.

As most people advise, the amount of coverage should be at least equal to or more than ten times the amount of the annual salary of the policy holder. Term life insurance quotes will give a policy holder the choice of coverage amounts as well as the corresponding premium payments that he/she has to pay on a regular basis.

Most life insurance policies will require potential policy holders to undergo a medical exam which will be conducted by a company appointed physician. The results of the medical exam will help the insurance companys underwriters to assess the life expectancy of the potential policy holder. This will be the basis of computing for the premium rates that the policy holder will have to pay. Whole life insurance and most of the long term life insurance policies require this medical exam. Policies with high coverage amount also require the potential policy holder to undergo a medical exam and this exam is done annually.

On the other hand, there are life insurance policies available that do not require any pre-screening medical exam. These policies are called the no medical life insurance policies. Individuals who have pre-existing diseases or illness before being covered by insurance may avail of this type of policy. Also known as an instant life insurance, the insurance underwriters will make use of the persons age and the information on the persons family medical history as the main bases for the computation of the premium payments that policy holders must pay on a regular basis.

The only disadvantage of an instant or no medical life insurance policy is that the amount of insurance coverage may not be large enough to cover all the necessary expenses of the family after the policy holder has died. Also, these types of policies may only a limited number of illnesses. Because of this, these instant life insurance policies are sometimes called accidental death insurance policies because they only cover death due to accidents and not due to fatal illnesses.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life rate and term life insurance no medical, visit his site today.

No Medical Life Insurance Do You Need To Know About It?

Life is full of surprises. There may be pleasant surprises and some unpleasant things too. There are times when a family will encounter an unexpected event such as a death of a family member. If this happens, the surviving family members will grieve the loss of one of their members. The grieving will be much greater if the person died is the head of the family or the one who is supporting the family financially. In that situation, the family will be left with the burden of both emotionally and financially.

When the main earning person of a family dies unexpectedly, the spouse and the children will be left devastated. The emotional distress is hard enough, what makes their lives more difficult is that they have to shoulder the costs of the funeral as well as pay all the unpaid debts of the person who just died. Fortunately, One can avoid this whole thing by investing in a life term insurance policy.

Just like any other insurance policies such as car insurance, a life term insurance will bind two parties under a legal contract. The first party, which is the life insurance provider, will be responsible for indemnifying the loss of life of the policy holder, the second party, with the coverage amount chosen by the policy holder. The policy holder in turn will pay the necessary premiums set by the insurance company.

The policy holder will have to choose the amount of coverage based on his/her familys needs and lifestyle. The amount of life insurance coverage should be enough to maintain the lifestyle that the surviving family is used to. This means that if the family has a luxurious lifestyle then the amount of coverage should be sufficient to maintain this type of lifestyle even long after the policy holder has died. A thumb rule for choosing the coverage amount is: the amount should be as much as ten times the annual salary of the policy holder. This is to ensure that the family will have a replacement income for a minimum of 8 to 10 years. This period is more than enough for the family to bounce back financially.

There are a lot of websites set up by insurance companies that offer both the medical exam required policy and the no medical life insurance policy. Each of these policies has its own pros and cons.

With policies that require a person to undergo a medical exam first, insurance underwriters will use the results and the prognosis of life expectancy to evaluate the amount of premiums that are to be subjected to the policy holders. While it is bothersome to set aside time for a comprehensive medical exam, being examine thoroughly may lessen the amount of premiums that you will have to pay especially if your exam results are superb.

As the name suggests, for the no medical life insurance policy, the instant term life insurance quotes may be instantly obtained by just simply answering an online form located in the insurance companys websites. This means that potential policy buyers need not take time off work to schedule a medical exam. People will also not be subjected to the indignity of being accepted or denied just because of a medical exam result.

However, no medical life insurance policies are only advantageous to people who are still young. It is because they will be offered very low life insurance quotes. The insurance underwriters for these no exam policies will only based their computations of premium rates solely on face value and the age of the potential policy holder. A policy holder who is 30 years old will most likely be offered significantly low premium rates as compared to an individual who is 50 or 60 years old even if the person who is 30 years old is far less healthy than the older individual.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life insurance no exam and cheap term life insurance quotes, visit his site today.

How To Obtain Term Life Insurance for Seniors

A life insurance policy is an important investment that must be made by individuals who have other individuals depending on them financially. If you have people who will suffer financially upon your death, you must know that you need to have a life insurance policy to protect them in the future. A life insurance policy acts as a legal contract which binds an insurance company to indemnify the loss of the life of its policy holder in exchange for agreed upon premiums.

Although a life insurance policy is an essential contract to have for a family, everyone may not be qualified for it. Some life insurance companies as their prospective clients to undergo a pre-screening medical exam before they offer them a life insurance policy. The pre-screening medical exam will help insurance underwriters to understand the risk profile and life expectancy of the policy holder and thus will adjust the premium rates that these policy holders will have to pay on a regular basis.

The average life expectancy of human beings is 68.2 years. This is what the World Bank says. Because of this, people who beyond their golden years (above 50 years old) will mostly be either denied of a life insurance policy or are given a policy but they will have to pay higher premiums. This is because one of the bases for computing a life insurance quote is by factoring in a persons age.

However, this does not mean that all individuals above the age of 50 to 60 years old will automatically be denied a life insurance policy. There are different steps to still get a suitable term life insurance for seniors. Here are some of them.

1. An elderly person with a healthy lifestyle will probably be healthier than most individuals his or her age. He can undergo a pre-screening medical exam set by the insurance company without any hesitation. The medical exam will show the good health of the individual which in turn will help him/her get lower premium rates as compared to other individuals of his/her age. If the company appointed physician assesses the individual to be healthy and have a longer life expectancy; then this individual may avail of a longer term life insurance. This will allow this individual to have a longer coverage period at lower premium rates.

2. Another way elders can avail a life insurance is by choosing a no medical exam life insurance policy. This type of policy will not ask the elderly to undergo a medical exam. The elderly will be accepted for insurance coverage no matter what their exsisting illnesses are since there is no medical exam to verify it. This is certainly a great advantage the elders can have. However, there are different life insurance companies that list down illnesses that will not be covered by their policies.

You can obtain a life insurance no medical exam policy by purchasing them online or through insurance company websites. When you go to purchase life insurance through the insurance companys website, you will have to fill up an online form. This form will contain questions related to your personal data and statistics. You have to answer all of them clearly. This form will also require you to fill in any medical information that you can offer such as medical history of your family. After accomplishing and submitting this form online, the website will calculate your premium rates.

The only disadvantage of getting an instant life insurance or no exam life insurance policy is that the premium rates will be based more on a persons age and not on his or her physical health. This means that if you are already 60, your premium rates will be significantly higher than those of persons who are 30, 40, or 50 years even if you are far more healthier and are expected to live longer than they will.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life term and low cost life insurance, visit his site today.

Life Insurance Policy Information

Generally people are allergic or shun away from talks about mortality. They do not like talking or thinking about death or anything related to it. It is not surprising really because it is inherent for us human beings to avoid topics relating to our mortality. This is one reason why people also veer away from talks pertaining to life insurance policies though it is very important to talk about them.

Why should we discuss about life insurances? Every one will need to consider investing or purchasing a life insurance policy at some point of time in his life. This is because a person as he or she grows older will have more responsibilities other than just taking care of him or herself. A person will become responsible not only for himself but also with people that he or she loves. Because of this, a person should make sure that his/her loved ones are well-provided for and well-taken-cared of while he or she is still living. Likewise, a person should also consider taking care of his/her loved ones even after his/her death. This will be possible by purchasing a life insurance policy.

Whether it be a choice between whole live vs term insurance; a life insurance policy will provide financial security to a persons loved ones in case of a persons unexpected death. A life insurance policy acts as an assurance to the surviving family members of a person who owns a policy will be given the corresponding amount of cash that was agreed upon in the policy. This amount will be given upon the death of a policy holder and may be given as a lump sum (the total amount will be given on at a time) or through a payment scheme (the surviving family members will receive cash on a regular basis).

How much coverage should you get? A person seeking to protect his or her family financially in the future in the event of an unexpected death should consider how much coverage he or she should get on his/her life insurance policy. An insurance coverage is the actual amount of cash that the beneficiaries of a policy holder will get upon the death of the policy holder. The amount of coverage that is offered by different insurance companies may be seen via the internet by looking at a life insurance quote on line. A person can also have the premium payments that he or she will have to pay be computed also by using the calculator application within the webpage.

The amount of insurance coverage should be enough to cover all the necessary expenses that the family will have to pay in association with the death of the policy holder. The amount should also cover the future expenses and the recurring expenses of the family. The common notion is for policy holders to purchase an insurance coverage that is at least equal to ten times their annual salary.

What type of life insurance policy should you get? Even a low cost life insurance policy will benefit the policy holders family in the future. A person can choose from either a whole life insurance or a term life insurance policy. A term life insurance will cover a policy holder for a specific period of time whereas a whole life insurance policy will cover the policy holder from the moment he purchases it to the end of his or her life. Each of these types of policies has its own pros and cons so a person must discern on the type which will be best suited for his/her familys needs.

Normally, you must first undergo a pre-screening medical exam before you will be accepted by the insurance company for insurance coverage. Some insurance companies have come up with a no medical exam term life insurance policy. It will prevent you spending time for scheduling a medical exam. With this type of policy the premium rates you will pay will be based solely on face value on your personal information and the age.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life insurance quotes and cheap life insurance, visit his site today.