Find Out What Are The Qualifications Needed For Affordable Term Life Insurance For Seniors

In a competitive environment, term life insurance for seniors is no longer a myth but a reality.  With a large portion of the baby boomers becoming senior citizens, many of them have enough income to spend on life insurance.  Although with advanced age and medical conditions the insurance rates have increased, there are still some policies available to this group of people.  Some states in the US insist on insurance companies offering a deferred life policy to seniors.

This policy is short term. For the first 2-3 years, a limited death benefit and refund of premiums will be given. After this period, if the policyholder is still alive, beneficiaries can claim the full coverage amount. A guaranteed life policy gives benefits to seniors in set periods. Those who want this insurance must undergo a physical examination and answer some health related questions. If they get accepted, then coverage is given irrespective of whether they get ill after that point.

Seniors can request a life insurance quote either through online sources or from an insurance agent. An agent will give them quotes from insurance companies they represent. Getting quotes online is always better idea. Searching online gets quotes from all top quality companies. This is considered by most experts as the best way to get affordable plans.  Seniors have to be cautious when requesting a policy since they can be easily lured into getting one unsuitable for their needs.

They should consider all their options carefully, talk to experts or family members and then make sure they get a full proposal that they must carefully study. Once they go through the proposal and find that it is what they require, they can go ahead. While buying term life insurance, seniors must request for full disclosure of all information pertaining to benefits, negative consequences and so on. They must also get complete details of hidden costs involved when changing or canceling policies. They must also make sure that they check the licenses of the insurance agent and company they choose.

There are so many rogue companies operating and if a senior citizen does not check the credential, they lose all their life savings. They can check with agencies like Better Business Bureau or the state insurance commissioner who oversees all insurance companies and their activities. The policies for seniors are high, yet there are some ways that they can ensure these costs go down by:

Avoiding smoking

Stop drinking

Watch weight

Reduce cholesterol

Avoid risky hobbies

Seniors who want to benefit from low cost insurance must quit smoking.  Whether they request a quote from an insurance agent or look for online life insurance quotes, the first question that will be asked is their smoking status. Anyone who smokes will run the risk of life-threatening illnesses and this can immediately increase their insurance rates. People who qualify for cheap insurance is the preferred non-smoking category.  Though the seniors cant come under the preferred category because of their age, they can ensure they cut down insurance rates by stopping smoking.

The rates again depend on the number of months or years that you have stopped smoking.  A person who has quit two years ago will get cheaper rates than someone who has quit four months ago. Keeping off alcohol and drugs can also ensure cheap rates.  Most senior citizens are out of shape, obese and suffer from high cholesterol.  If they want low rates, they must start exercising  simple walking will do -, start eating healthy low calorie foods.

This will automatically bring down their weight and cholesterol.  Sometimes a simple medication can also keep cholesterol levels in check. Ideally, if cholesterol levels are below 210, a person is considered healthy.  Find out your ideal weight and start to shed the loose flab before applying for insurance.  Finally insurance companies have a list of hobbies they consider risky.  This again depends on the underwriting policies.  Some companies may specific sports such as sky diving, mountaineering or bungee jumping. Others may even categorize traveling to dangerous war-torn countries as a risky hobby.  Seniors who seriously consider these factors and take steps to improve them can get low cost insurance rates.

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

Consider The Needs Of Beneficiaries When Opting For Low Cost Life Insurance

When searching for life insurance quote on line, remember that there are many insurance companies who aggressively market their schemes. Their goal is to attract as many customers as they can and improve their profit margins. People must be very wary and study these schemes carefully before opting for one. An important step is to know the two main types of insurance categories  permanent insurance and its sub-divisions and term life insurance. Once you know the details of these plans, you can make a smart choice that will benefit your dependents.

Always remember that you should not sacrifice the needs of your dependents just to opt for low cost life insurance. Many insurance companies will offer extremely low rates of insurance  especially on term insurance just to get more applicants.  When receiving such quotes, you must always study the terms and conditions very carefully.  This involves consideration of the term period and the coverage amount.  Very often low cost insurance will be given for short term periods and for very low coverage.  If this suits your needs, then you can sign up for it.  On the other hand, if you find that you need more coverage and a longer term then ask for other quotes and choose the best policy.

One must make a comparison between whole life vs. term insurance. It will give details about both types of policies and at the end of the study; you will be able to make the right decision. The following comparisons of both can be done:

Premium

Savings component

Beneficiaries

Age

Health

Permanent insurance of which the common types are whole, universal and variable insurance provides lifelong protection to beneficiaries. It has a wealth accumulation component that is tax deferred.  This means that it can be used as an investment vehicle and also gives a death benefit when the insured person dies.

The premiums are fixed and have to be paid without default.  The policy lasts for the entire lifetime of the individual and when he or she dies, the beneficiaries will receive a fixed amount that is called the death benefit.  During the lifetime of the policyholder, he has the right to borrow against the cash value that has built up.  This amount can be used for any exigencies that arise.  This proves an asset to the insured for the amount can be borrowed without the need to pay taxes.

Term insurance on the other hand is taken for a fixed period of time at specified rates. When the period expires and if the holder is still alive, then he will have the option of renewing the plan but he will have to pay extra. There is no savings component and the beneficiaries receive only a fixed amount as death benefit. The coverage amount and period can be decided by the applicant.

Now that you know the basics of both these plans, you can make a comparison based on the above factors. As far as the premium amounts are concerned, the cost of term insurance is much less than whole life insurance. Those with limited incomes, have only one member in the family earning or have a large family with a lot of expenses will opt for term insurance over whole insurance.

The greatest benefit of whole insurance over term insurance is the savings component.  Those who can afford to invest in this plan and allow the insurance company to take care of their investment options can be assured of a cash value build up that they can borrow from in times of need.  However, those who cannot afford it may consider it a forced savings that requires higher premium payments, commission and fees paid to the insurance company.

Term insurance does not allow beneficiaries to claim the coverage amount if the holder outlives the term. He has to renew the policy at higher rates. On the other hand, whole insurance is for the entire lifetime and rates may not vary even if the holder develops a medical condition. Age and health play an important role in determining rates of both forms of insurance. Young, healthy individuals will always attract lesser rates than older people, who suffer from ill health. The latter category of people, can consider no medical exam term life insurance option which will give adequate coverage but at much higher rates. Once you compare and contrast these two major life insurance categories, you can make the right choice.

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

Cheap Life Insurance Need Not Necessarily Give Inadequate Coverage

Some say that life term insurance is the best for insurance. It has affordable rates while all other policies generally are overpriced. However, some others find it as a waste because it does not offer any return unless the insured event takes place within the valid term. Consequently, even in this twenty-first century, so many people in America live without life coverage; they find the pure life insurance policies to be inadequate and the investment policies to be too expensive. One can imagine what happens to their family if they die before they have been able to settle their liabilities.

Term life may offer the coverage for a specified period only, but it cannot be considered inadequate. Remember, the policy is mostly sold for 10/15/20/25/30 years. You just need to carefully calculate the vulnerable years and then add few years to it. Anyway, thirty years is a long enough time for settling your liabilities and generally you dont need life coverage more than that. Even those who buy lifelong coverage generally cash out the policy after stipulated years. That is why its temporary validity is actually not an issue at all.

That it does not offer anything other than death benefit is also a non-issue. If you glance through the term life insurance quotes, you will know why. Indeed, a term life does not offer anything other than death benefit because you pay only for that. Indeed, the premium you pay is so low that it can barely cover the cost of insurance and a small administrative cost. If you want to build your asset, you can always do that separately using the difference in premium rate.

Separating your insurance need from your investment is the best way to secure your familys future. If you die while the policy is still in force, this is the only way you can leave both the death benefit and your investment for your family. If you buy one of those investment policies, the carriers will definitely release the insurance amount upon your death, but they will retain the cash value amount although that has been grown in a separate account using your own money.

Therefore, if you have a family or some other dependents to take care of, go for a term life. However, if you want to get the best out of the bargain, you must be aware of different variables that determine the policy price. Indeed, if you are looking for cheap life insurance coverage, buying only a term life insurance is not enough. Cheap rates are available only to people whose profile matches with the guidelines followed by a particular carrier.

Following are the guidelines most carriers generally go by:

Younger the insured is, greater is the chance that he will outlive the term and so he should preferably below mid thirties.

Women have longer lifespan and so they are offered the coverage at lower rate.

Higher body mass index and tobacco use may cause diseases later in life and so these people are charged more.

General health condition and hereditary traits are also looked into because they too have great effect on longevity of a person.

Road habits, occupations, hobbies and recreations are also important and so these too are included in the underwriting process.

Therefore, the life insurance rates actually depend on the carriers perception of your longevity. Remember, the claims can only be placed if the insured dies within the term. That is why the carriers will offer you the coverage at a low rate only if they believe that you are going to outlive the term. To make sure, they will ask you to undergo a medical test. Some policies of course exempt you from taking any such test, but such policies will be more expensive even for healthy and tobacco free people. People generally opt for them because of their simplified purchase procedure.

As it is, availability of life insurance online has made the purchase process of any policy more or less hassle free. You no longer need to trudge to the brokers office or entertain agents at home. You can receive quotes at home and apply through internet. However, unless it is a no medical policy, you will have to appear for an interview and a medical test; but you will not have to take any hassle for that. It is generally arranged at the time and venue of your choice; it can be your home or even your office. Therefore, you do not have any reason for not buying a policy. Get one today and lead a peaceful life.

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

The Findings: Evaluation of Whole Life Insurance Term Life Plans

The talk about the difference between whole life insurance and term insurance policies has been around since time immemorial. Both have been gaining more and more followers as time progresses. In truth, the debate on which is better should not be even raised at all. This is because, if you will give it a closer look, you would realize that the effectiveness of any plan will be measured on a case to case basis. There is certainly no one size fits all in the industry business.

Permanent plans such as the universal and whole life plans require higher premiums because they cover three components. First is the insurance protection itself. Second is the unavoidable administrative fees and the last is for the supplementary benefits. Below are the consequences.

Your savings and your insurance are treated as two separate accounts. This is where the problem sometimes lye. The death benefit will surely be handed over to your recipients. However, there are carriers who would not add up the investments made to that benefit for the reason that it is not meant for the beneficiaries.

Also, in the event that you decide to forgo the plan while you are still living, you will be assured that the revenues you have made from your investment will be reimbursed to you. However, the death benefit will certainly not be given as you are still alive. It would have been better if you have cast your money in other investments.

As what the consequences indicate, you may lose in this deal. It is disappointing to know that there is a possibility that you will have to choose between the two when you are promised to get both. There is a solution to this problem. Through getting low cost term life insurance plan, you may have the best of both worlds; you will stay protected while using the remaining amount of money to opt to other money-spinning investments. Now thats the coveted option!

However, one reason why some people dont want to buy term life is that it offers insurance protection that can only be enjoyed for a limited period of time. More often than not, it is offered in various terms; it can be as short as a year or as long as 30 years. But if you will think about it, you sometimes dont need an insurance plan all your life as there are needs that are short-term. It includes payment for home mortgage.

Upon deciding that you will buy term life plans, you need to ensure that you will get another investment as a low cost plan will not be able to handle it all. In addition, you need to be sure on the duration that you will get before you gather term life insurance quotes.

So how long do you think you will need insurance protection?

When you are the only person making a living for the family; when you met your untimely demise, their income flow will suddenly dry up. They will be at their most vulnerable if not protected.

When your dependents are not self-sufficient; say your spouse is not working and no family members have other insurance plans.

When the kids are just starting to grow up and you are already aging, you may need funds for their higher education. 

When you have existing loans and home mortgages that are unpaid.

Non-permanent plans have this type of policy that caters to the individuals who are terminally ill. This has many advantages and just one quite liberally pricey disadvantage. No medical exam term life insurance plan is easy to buy. The medical tests are not performed and so your illness, no matter how bad it is, will be rendered void by the underwriters of the insurance company. In addition, there will be less waiting time since fewer factors will be considered. It can even be bought over the internet. There are even instances when the approval of the application is ensured. Now here is the catch, you will have to pay much higher rates compared to usual plans.

The premium indicates the main difference between the policies that are fully underwritten compared with the ones which are not. The higher the payment that you will make the more freedom you will get. Insurance companies are doing business and this is only natural. The choice is yours to make. You can take the shorter route but you have to pay for convenience fees. Each has different underwriting rules. This is why you have to be wise in your decision as it will affect you for a long time. If you are not really sick and just cant stand waiting, you may rethink about deciding to opt for a no medical life insurance.

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

Settling For Instant Term Life Insurance For Adequate Protection

Insurance protection do not differ much with other items that you shop for. More often than not, buyers also base their decision on the price that is currently offered to and the possible amount of value that they can get out of it. Its interesting to mention that instant term life insurance scores well in both criteria. Below are some more of its benefits.

1. You will not be required to submit many documents. This drastically speeds up the application process as it takes some time to get the needed papers from the proper authorities. Also, you are most likely to be billed with less administrative charges by the insurance firm.

2. If there are fewer documents to be processed and submitted by you, the verification which will be performed by the insurance company will eat up less time as well. In addition, it will not make you go through medical exams as well so you dont have to hire a physician and pay him professional services.

3. There is a fat chance that your premiums will remain unchanged. This is because your insurability will not be re-evaluated by the insurance firm even the plan comes to term. Moreover, you can even obtain life insurance quote online, which makes buying such a plan more convenient.

There are two particular types of instant plans to note of the instant term life and instant life plan. The only difference between the two is that the former has a validity period after which it must be renewed. The latter just goes on seamlessly until we decide to terminate its coverage.

Instant term life insurance quotes are easily available on the internet. All we have to do is surf to a legitimate insurers website and go through the listings of rates available. After this, all that we need to do is to confirm these rates and sign up for the particular plan we are interested in. What makes this type of protection so appealing is that all this can be done without leaving the comfort of our homes.

This instant plan is the direct opposite of whole or universal life insurance, which just by its name, is a plan that provides coverage for our entire life. It is somewhat similar to an instant life plan, with neither the affordability nor instant bit. Like a conventional protection plan, it requires us to provide documentation on three main items:

1. Identity
2. Health status
3. Beneficiaries

Premium rates for coverage like this are also significantly higher than that for an instant plan, with rates decidedly more expensive as we get older. This is mainly because of the belief (and fact) that the older we get, the more our health is affected. This translates to higher medical costs and a bigger chance that the policy will be paid out in full soon after purchase. To cover all these additional costs, it is therefore understandable that premiums correlate with our age.

The convenience that instant term life plans provide to its buyers is the main thing that draws the buyers over it. Most individuals have been playing the role of busy bees. They run in pretty fast circles, barely having time to do trivial things such as filing an application for insurance protection. They can no longer include in their hectic schedules the undergoing to medical examinations, paying a visit to the office of the insurance company they have chosen, doing paperwork to be submitted and other things. This is why the idea of instant plans that allow them to instantly enjoy coverage is so appealing.

However, it does not and should not follow that universal life and other permanent plans are of no use. If you have more than enough purchasing power, it is always the best to opt for them. This is because you will have peace of mind that anytime you will need to meet your Maker; your family will still be financially secure. In addition, you would not have to remind yourself over and again when your insurance plan will have to be renewed as the protection that whole life grants does not expire.

If you are not yet used with the tricks of the insurance trade, you may want to consider settling with instant term plans. This will allow you to be covered while you are still getting the hang of it. Also, this plan is less expensive compared with permanent ones. You can observe prudence with instant term policy.

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

Saving More Money With Cheap Term Life Insurance

If getting protection for yourself and your loved ones is important, they you must consider some form of insurance. Contrary to what is shown on TV, where beneficiaries receive millions of dollars when the policyholder dies, not all policies are that luxurious. There are plans that offer claims in the thousands or hundreds of thousands in fact, you can actually make the call on how much you want to be protected for.

The insurance company will only pay to your beneficiaries the coverage amount you have agreed to pay to them. The death benefit can be claimed without hassle as long as you didnt violate a single provision indicated in the terms and conditions. Whats more, the government will not be imposing taxes on the proceeds so the recipients can get the full amount even to the last centavo.

When it comes to gathering of term life insurance quotes, you will not have to be bothered much about it as there are various channels through which you can obtain it. You may get them with just a few clicks or you can seek help from independent brokers and agents. But there are other equally important things that need your attention too. Among them are the length of duration of your insurance term life and the type of term life you will purchase. There are so many variations in the market that choosing sometimes get overwhelming.

Maybe because of being badly informed, a big percentage of individuals have misconstrued facts about no medical term life insurance plan. The result is that various myths ad misconceptions have been formed about the plan, keeping people to experience what advantages the plan can provide them. In contrary to those myths, the plan is cheap but is more than able to provide adequate coverage so it can be concluded that it is of high quality.

1. With this policy, the premiums are most likely to be fixed. The reason behind this is that the policy holder will not need to have his insurability re-evaluated after a certain period of time. Because of this, you would not have to worry about being billed by extra rates such as administrative charges that would have been used for pulling off such stunt.

2. As the term suggests, you will not need to go through medical examinations.
This means that you no longer have to employ the services of a licensed physician. You will be saved from paying professional fees. This also hurries up the processing of your application.

3. You can do all the transactions at the comfort of your own home. This denotes that you dont have to set aside some money to cover transportation expenses. Since you will be making the deals online or through phone, you will also be free from exerting efforts to check in to their office.

Even the payment arrangements can be hassle-free. You can just send your check that will serve as your payment for your first premium. You may do it by providing your credit card number as well. The insurance firm will just bill your card merchant and it will be reflected to your statement of account.

Cheap term life insurance quotes can also be found in the guise of the following plans.
- Travel plans
- Personal injury coverage
- Medical or hospitalization insurance
- Car insurance
- Business insurance policies
- Educational plans

Although it may be hard to believe that cheap insurance can be found under the guise of the coverage mentioned above, it is true. But if you have a specific purpose in mind that you want to focus on, you may do so by all means. The choice is in your hands. You can decide to increase the coverage with the help of riders. This will provide extra coverage so that it will be sufficient to meet all your needs.

Suppose you have several policies on hand; it will be wise to take into consideration their merging. This will be of big help to you. First, you can manage your finances well as you will not have many difficulties maintaining several insurance plans. In addition, you will be able to save some money. For instance, you already bought a plan before being given by your employer another life insurance policy as a component of the employee benefit package, you may discuss with the service provider about the merging of the two. That way, the premiums paid by your employer will not be wasted even if youre no longer with them and your coverage will be sufficient.

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

Numerous Ways How Term And Universal Life Insurance Can Cover You

More and more towns are getting highly urbanized. Some even gets to be globalized. This is why it is quite ironic that you will find individuals who dont have a strong grasp of life assurance policies. Most of them think that it is a type of investment that will yield ludicrous revenues after some time. Some people are almost completely badly informed about it and so they trust the so-called experts with their money. Others have this notion that only the rich and famous have the right to purchase one. There are skeptics as well that think its just a way to waste money.

In essence, life assurance policies are meant to provide financial protection to your loved ones if you die untimely. It has two primary categories.

1. Universal life insurance the insurer will cover you for your whole lifetime, considered as a permanent plan.
2. Term life plan the coverage can only be enjoyed for a specific term.

Among the two classifications; it is quite evident that most individuals prefer the term life plan. It is mainly because of the low premium that it offers. Below is the quick comparison of the two so hang on tight to have a strong grasp of the two.

- Term life has low premiums because it doesnt provide anything other than the insurance protection which will only take effect for some time. On the other hand, universal life offers lifetime protection and the ability to make money through investments on the market; allowing you to enjoy the fruits of your labor while you can.

- Because of the short duration of the term plan, there is a big chance that you outlast it. This would normally keep you from refunding all the premiums you paid unless you bought a Return of Premium type. This will not happen in universal as the protection is permanent. In addition, you dont need to renew it as it will not expire.

- Term life plans premiums can either be fixed, increasing or decreasing depending upon your preference. This allows you to plan ahead so that it can suit well with your finances. As for permanent plans, their premiums can be fixed as well. However, there are sometimes agreements between the insurer and the policyholder to conduct insurability after a specific time. This may increase the premiums because you get older and less healthy.

- You will not have any problem obtaining life insurance quote either for term or universal life plan. They are readily available online. You can gather them from agencies and websites of the carriers themselves. You may also get quotes from insurance brokers and independent agents. If you feel like going personally to the insurers offices, you may do so by all means.

- You would most likely have less problem with term life as it is simpler and more straightforward compared with universal which have additional benefits such as its cash saving facility. While your beneficiaries may get more money with this option, there is also a probability that they will have some problems claiming it.

There is another type of term plan that is getting more and more popular, the no medical exam life insurance policy. This plan is basically for people who have been turned down by numerous insurers just because of an incurable illness. Buying this is both convenient and fast. As its name implies, you will not have to undergo medical tests so you wont have to bother with your sickness.

You can do the transactions over the internet or through phone. You can file the application at the comfort of your home. It saves you the time, effort and even transportation expenses as you will not have to personally go to the office of your preferred carrier. Whats more, you will not be asked to submit many documents.

Also, you will not have to be intimidated as you will not make transactions personally. If you prefer this type of communication, this might be ideal for you. You have to be careful though because as you may know, there are lots of scammers online who pose as legitimate carriers. You need to be alert and wise, knowing what to look for and how to verify their authenticity so you will be safe all the time.

Hopefully, the information above has been helpful to you. By being equipped with the information provided above, it will be easier for you to arrive with an informed decision on whether or not to go for term plan. Whichever of the two you will prefer, make certain that it will meet all your familys needs.

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

Some Life Insurance Is Better Than None!

To get the kind of life insurance and term you want and need, you must do a thorough evaluation of your needs, lifestyle and the lifestyles of your loved ones. Most importantly, you must understand why you are thinking about doing such a thing in the first place. After all, buying something, even if it is cheap life insurance, still involves spending some of your precious money and you do not want to see it literally thrown away.

To do so, you may want to pay attention to the factors mentioned below.

- Your needs and the needs of your family at the present and in the near future you need to assess not just your familys current capabilities and needs. You have to anticipate as well what they will most probably need in the near future as well. Remember that there is a possibility that you will not die as soon as you have paid your first premium so the needs may grow bigger or lesser over time. If your family is capable of providing for themselves at present, you can do well with plans that have smaller coverage amount. But if you are the sole earning member of the family, you would have to settle for the ones with bigger face value. The death benefit should be sufficient for your surviving recipients to start anew; giving them the opportunity to bounce back on their feet from your devastating loss.

- Your loved ones financial stature your family may be living a life of luxury but whatever their financial standing at the moment, it has the possibility to turn upside down the moment you meet your demise. There are already countless tales of billionaires turning into paupers because of unwise spending. The good news is that you can do last ditch efforts in order to not make your family suffer the same fate. The rule of thumb is to double up their total expenses if you can. This is to make way for the inflation and other significant events that may take place over time. It will certainly constitute higher life insurance quote but if this is what will meet the needs of your family, it cannot be helped. In the event that you are sick, you may take into account getting no medical exam term life insurance plan.

- Beneficiaries. you should take into account the situation of your recipient/s prior to deciding how much insurance coverage you will opt for. How many are you trying to protect? Will they be able to tend for themselves in just a few years time? Do they have a medical condition or is there any circumstance that will keep them from being self-sufficient? Your answers will tell you whether or not to get plans with larger face values.

- Source of income. It will not be enough to list down all the sources of income of the family. You would have to objectively evaluate if such sources will be permanent and sufficient to accommodate all the needs of the family even if it gets bigger after some time. Bear in mind that nothing is permanent and unfortunate events may come up unannounced. Even if you are not the breadwinner, it is possible that you will suddenly end up being the sole member of the family who earns money. This is one of the primary reasons why it is foolish to not expect the unexpected. It always pays to be ready at all times. No amount of money will equate to the security of your loved ones.

- Budget this might not be the biggest but one of the most important factors considered by buyers. You need to identify how much you can take from your income to pay for the premiums so you would have the protection. This will help you choose which plan you can or cannot purchase.

These are just some of the things you have to consider. Overall, unless you absolutely have no income whatsoever, it would be advisable to have some form of insurance. At least you know that if anything were to happen to you, the ones you leave behind will still be able to have some semblance of moving on in the way closest to what they are used to.

Insurance life plans serves as safety net. Would you rather let your family be in financial trouble when they are already grieving because of your devastating loss or you would make efforts that will give you peace of mind regarding their welfare?

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

Getting Cheap Life Insurance That We All Can Afford

Everybody wants to be covered by insurance protection as much as possible. However, no insurer would grant such thing if the clients will not hand down the respective amount the former demands. Economic downturn and inflation often makes the buyers wiser; holding back decision until they gave it much thought.

This may be disheartening, especially to people who can hardly make both ends meet. But you ought not to take things as they are if you can do something to make it better. Why not take the initiative to look for policies that would be friendly to your budget just like instant term life insurance? The insurance companies have been devising plans that cater to such group of people.

There are a number of cheap life insurance plans that are in disguise more often than not. This is the reason why it is important that you are familiar with them. Otherwise, you may miss the opportunity. Below, you will find some of them and what they can do for you in a nutshell.

1. Medical insurance there are specific life plans that cover only the hospitalization bills of the policy owner. An example of which is critical illness coverage. This can be bought alone or with a life insurance. It only covers a number of particular illnesses so be sure yours is included in the list.

2. Personal Injury this gives protection against injuries that you may get while you are at home or outside. More often than not, insurers easily cover the expenses brought about by emergencies such as injuries caused by a fire breakout or burglary attacks.

3. Travel the policyholder would be covered for any accidents he may meet while he is traveling either by land, sea or air. Normally, the insured should cover specific number of miles and driving hours for the journey to be considered as traveling.

4. Automobile this one is normally included in the car packages when you buy one. The dealers would automatically give you an accidental benefit plan so that your surviving family will be have something to claim if they cannot be financially secure in the event that you meet your demise in a vehicular accident.

If you have experienced to be repeatedly turned down by various insurance firms for the reason that you have an incurable medical condition, you ought to take into account the procurement of term life insurance no medical. In this plan, you will not have to worry about your sickness because it will not be looked upon by the underwriter. Though they may make you answer some questions about your familys medical history. This might not be that cheap but then again you will be protected.

Instant plans offers a bunch of conveniences. First off, it can be purchased over the internet or phone. You would not have to make a few visits to the office of the insurance companies as transactions can be done electronically. You can gather life insurance quote online. It will save you the time, effort and even money as you wouldnt have to leave home. It somehow speeds up the process as well. Normally, you only have to wait for a few days to enjoy the coverage. Even the payment of your first premium can be paid through your credit card. Talk about hassle-free buying of life plan.

You do have to practice caution too if you opt to settle with this channel. Bear in mind that you will be on your own if you were to buy online. There is no representative whom you can ask if ever there is something that will be unclear to you. In addition, may make the colossal mistake of settling with second best just because you did not bother to look some more. There are many interesting plans that you will see online but you ought to remember that not all that glitters is gold.

With life insurance, all this can be avoided by doing sufficient research and spending enough time thinking thoroughly about what exactly it is that we need and want in a protection plan. Buying the right plan prevents more wastage of:

- Time to terminate the policy after we discover it is something we do not need after all.

- Money for past premiums paid, which will never be refunded. There may also be possible administrative charges for shifting from one type of plan to another within the same insurer (usually to guarantee continuous coverage).

- Effort to schedule some time to make those changes. Even if it is done virtually, we would still need to put a little time aside to ensure all changes are done properly. Rushing to do this may mean we need to rework the paperwork (little as they may be).

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

Term Insurance Is The Best Low Cost Life

Even though the life insurance plans have been around for long, its primary purpose as remain unchanged. It is still used to provide financial security to the policyholders beneficiaries upon the formers demise. But with the advent of technology, the buying process has drastically improved. It offered utmost convenience not only to the insurance firms but to the buyers as well. For one, they can now obtain life insurance quote on line. They would not have to leave their homes or wherever they are. All they need is a device that has a web browser and an internet connection. There are lots of websites where you can get the figures that you need, from the different agencies and websites of various insurance firms.

It is good to be connected to the internet. This is because it has quite a few benefits. First off, you can diligently look for low cost life insurance policies. Treat it as a virtual shopping hub. You can easily spot plans that you know you couldnt afford and set them aside. You will be able to make your short list and weigh the quotes you have obtained against each other. In addition, there are tools that are more than ready to give you a hand especially with the calculation.

There are calculators over the internet that can be found normally on websites of various insurance companies. It will just ask you to key in some of your pertinent important details such as your name, age, your preferred coverage amount, length of the duration of the plan you have in mind and gender. Afterward, you may be asked to wait for a few seconds and then the quote will be provided to you. Frequently, you will see from such calculations that life insurance term life insurance is the least expensive plan.

Whats good about term life policies is that they are easy to understand. All throughout the term, of course the premiums have to be paid religiously. Upon the demise of the policyholder, the recipients indicated in the signed forms have the right to claim the death benefit as stated in the terms and conditions. Whats more, the proceeds are not taxable so they can get the full amount right down to the last penny. Should the plan owner outlast the term; there is a chance that he would not be able to reimburse whatever amount he has paid.

Below are the most popular kinds of term life policies.
Level term
Convertible Term
Return of Premium
Decreasing and Increasing Term
Group Term

A level term insurance is the best and most popular. The premium cost will be fixed for at least 10 years. Some insurance companies even offer a level rate for the entire period of the policy. The duration for this, as all term insurance policies can extend from 1-30 years.

It has been given that non-permanent policies have expiration dates. They can only provide protection for a certain time period. Since it expires, it needs renewal in the event that you outlast the plan and you desire to continue the protection. Renewable plans are routinely rolled over with your permission. This is helpful to forgetful people who hold policies with very short term. Convertible plans on the other hand allows the policy owner to convert the existing plan to a permanent one should he deems fit.

Decreasing and increasing term plans basically work pretty much the same. However, they are inversely proportional to each other. In decreasing terms, the plan holder will pay higher premiums at the first few years. Afterward, the payments will gradually decrease; hence, the name. The direct opposite of this cycle is what happens in the increasing term. The return of premium, in contrast, is the plan that will allow you to reimburse the premiums you have paid all throughout the term should you outlive the policy. This is better than having nothing at all.

A group term is the ideal example of a life insurance no exam. Since it is offered as part of an employee incentive, employers do not require the employee to undergo a medical exam. Hence, even someone with a medical condition will be able to get coverage under this plan. Apart from employers, there are other groups, trade unions, and credit unions etc., who offer group insurance to their members. All salaried people with specific income and a lot of expenses can opt for a term insurance policy.

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

Get Tips On How To Get Affordable Life Insurance

Anyone who cares for their family and want the future of their family t be safe will get an affordable life insurance. Now days it is quite difficult to get a life insurance that is low cost and that has a good quality. Sometimes some people are ready to compromise with the quality of the policy just to get a low cost. People who are more organized and careful can get an affordable life insurance and a low cost as well.

One way of getting affordable insurance is to get it online. The term life insurance quotes have cheep policies and also considerably low rates than permanent insurance plans. Listed below are a few steps to get affordable plans:-

Get to know about the different life insurance policies that are available
Investigate thoroughly
Get the quotes for the plans that you need
Get professional help
Undergo a complete exam.

Do your ground work well, be patient and get the low cost plans that suit your needs. There are many websites from where you get insurance quotes. In just a matter of minutes you can get the life insurance quotes you want and you can also compare these. In fact there are websites where you can get a comparison of the insurance quotes and then you can choose the best. This will show you the provider that has the best plan that suits you. If you are young and healthy and dont mind answering a few health related questions, you can get the instant life insurance. There is no need to take up the medical exam to qualify for the affordable plans.

Once you have given your personal information, you will receive the quote within minutes. Be positive that the quote you get is from a dependable provider. There are many fake companies who attract customers by providing very attractive rates. If a person signs up with a company that is not established and without proper investigation then it might be too late and he/she will not able to back out and might lose all their money. The fully underwritten insurance companies are said to the best. This is a very long process and for those who do not have the time can take up the no medical term life insurance.

There are various plans to chose from and if you want help in choosing the right kind of plan for you , get professional help hire an insurance agent. The agent you choose must be established and someone who represents the top quality companies. When you want the term life insurance, then you will have to select the time period. The long term plans with larger coverage amounts are more expensive that the short term ones with lesser coverage. At the same time you take a plan with a coverage amount f $250,000 spread over 30 years the premiums will be lower than if you took the same coverage amount for 20 years.

There is only one issue with term insurance is that the rates will raise when you renew the policy.

So it is advised to take a policy when young and for a longer period. On the other hand not everyone will have the means r think of getting a life insurance policy when young. Well, no need to give up hope as there is plans for all age groups.

Life insurance without a medical exam is cheaper only when it is a term life insurance plan, however there are even permanent plans that offer this option. It is truly the individuals choice to choose a policy with or without returns. People, whose health is at risk, are not given coverage. People who drink, smoke, slightly over weight may be considered for coverage. If the coverage is wanted then they will have t answer a few health related questions and if the coverage is accepted, then they will get it at higher rates.

This type of a policy is not given to those who have a risky occupation r engage in perilous hobbies. If anyone who wants a no exam policy must look on the internet and find a company that is willing to give coverage for their definite needs. Even if one company rejects them, there may be another that will accept them. This is the main reason why an online search is a very good tool t search for the right policy.

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

How To Pick A Good Life Insurance Quote On Line?

An online life insurance quote will allow a person to determine the accuracy of a plan and decide if it is right for their needs. Those who start working must be prepared to invest a portion of their savings for the future of their loved ones. Life insurance rates are usually determined based on the age and health condition of the applicant. Of the different types of insurance quotes, life term insurance is considered the cheapest. Most people recommend that searching for an online quote is the best option to get cheap rates.

There are hundreds of online quotes and the process of applying for one is simple. There are many ways to get useful leads and these determine the quality of the insurance company and the quote. Here are some simple steps to get instant term life insurance quotes:

Provide personal details on the online questionnaire
Give actual information to get exact insurance rates
Keep ready a photocopy of all relevant documents
Get the quote and fax the required documents to the insurance company
Receive the quote
Sign up and pay the first premium amount

Instant term life insurance can be obtained without leaving your home or office. If it is a no medical life insurance, you will not have to even wait for the medical exam report. Hence it is called instant insurance. People do not have to spend long hours in a clinic and undergo various tests. Those who do not have the time or those who are scared of the outcome of the medical tests can opt for this plan. This of course will be slightly expensive. It is because of the risk they are taking by insuring someone without a detailed medical report.

They will always consider such an applicant has some medical condition that can end his or her life quickly. To protect their interests, these providers will charge much higher rates than for those plans where a medical report is submitted. However, young people in good health can get this plan for they can still get affordable rates. This is an instant policy where the entire process can be completed online with minimum hassles. Your term insurance will be sent to your mail box and you can pay the first check using online methods such as a wire transfer.

The purpose of requesting a life insurance quote on line is to cover immediate costs when the policyholder dies and have enough left over for the family to take care of themselves for a fixed period. Since there are many websites that offer cheap quotes, it is important to distinguish the good eggs from the bad. There are several ways to ensure that the quote you receive is a good one.

First get a listing of top 10 insurance companies in your demography with the help of a yellow page listing of insurance companies. Then make a cross reference of them with good credit rating companies like A.M.Best. A rating of B+ and above is considered a decent company and you can make a list of these and ask for quotes only from them. Similarly, you can get a listing of reliable insurance agents who will promote policies only from these highly rated companies and visit similar comparison websites too.

You must always remember that while the rates from an insurer with a high rating can be more than one with a below par rating, it is better to pay the extra cost knowing that your money is in safe hands and that your beneficiaries will receive their dues promptly after your death. Hence, never look at the cost alone, consider the rating of the company also.

Once you decide your coverage amount and period, you will receive the appropriate quote for a term insurance plan. The money will be given instantly to your dependents and this takes care of the future education of children, pay off all outstanding debts like a home loan, pay outstanding medical expenses if the holder died in a hospital after an illness and even take care of funeral expenses. Finance is critical for everyone and ensuring the financial security of your loved ones ought to be your primary concern.

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

Elderly Populace With Varying Medical Standing Mulls Over Term Life Insurance For Seniors

Although many people today buy life insurance policies for investment purpose that is just an aberration of its goal. Its primary function has always been to provide coverage of the financial responsibilities for the insured. If you are a family-man with dependents, you cannot really do without one. However, many people even to this day live without such protection simply because they think life insurance policies are beyond their means. Well, they cannot be fully blamed; low cost life insurance policies such as a term life are hardly ever canvassed; stress is placed more on investment policies because they generate more profit for the insurer.

If you desire an insurance coverage for a price that is friendly to your budget, you may consider buying term life. This may be cheap price-wise but not really lacking in benefits.

• It will only give you insurance protection. This is why the rates are more often than not reasonable as it covers only the basic service and some necessary administrative fees.
• It may not have cash saving facility but this is another reason why the insured will not be asked to pay ridiculous rates. Normally, the permanent plans have this advantage but the plan holders are required to pay much higher premiums. You may be better off with other investments that yield more money.
• Since there are no additional benefits, the term plans are easy to understand. Claiming process is often hassle-free as well.

You may argue that some people, seniors included, will not care to pay higher premiums if they will be guaranteed that they will get more out of it. There is certainly nothing wrong with this. But you should bear in mind that there are very few plans that you can enjoy while you are still around. More often than not, your beneficiaries are the only ones who can do this and they can do it upon your demise. This is why you often see life insurance quote that pertains to term plans.

Senior citizens often buy term life insurance plans because they dont want to be a burden to their family. They are no longer interested with gaining money out of their policies as they know they are on borrowed time. It would have no sense as it they will no longer be around to reap what they would have sown. Such policies will surely not make your money grow but it serves the purpose of protecting your surviving family from the financial weight of your demise nonetheless. They would be relieved with the thinking that their final expenses are taken cared of.

However, it is important to remember that a term life insurance is cheap only under some conditions. If the insured wants the rate to be cheap, he needs to buy the policy while he is still young, healthy and tobacco free. He also must have the right body mass index as well as compatible medical history. To determine the cost of insurance correctly, the carriers generally expect the applicant to undertake a medical test. The rates are low only when the result of the test goes with the guideline followed by the carriers.

Suppose you have a terminal illness, you may want to take into account the procurement of term life insurance no medical plan. This has advantages and some disadvantages as well. First, it doesnt take long to wait for the insurers decision and there are even instances when the approval will be guaranteed. Second, you will not take any medical test so your status and sickness will n longer have bearings. However, you will pay for higher premiums.

The aging population can also mull over buying term life insurance for seniors. This is specially designed by the insurance companies in order to cater to the unique needs of their group. Compared with other plans, it offers reasonable premiums. Of course, the applicants will still undergo underwriting process but the judging of the insurers will be lenient to some extent. There are many options that they choose from as well. There are riders that they add in the event that they will need more coverage. For instance, critical illness coverage can handle hospitalization bills for specific illnesses without affecting the death benefit.

Senior citizens can also buy term plans with one time big-time payment. However, this can only be done by those who have money that is set aside from funds used for their health care and living expenses. One advantage of this is that they can leverage the money and it will double depending on the market that they will invest in. This will involve great risks but if you want to leave bigger money for your heirs, you may want to consider this option. There are many options that seniors can choose from should they want to buy insurance protection. They should carefully decide which path they ought to take so that they can get the most value out of their money.

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

Look At The Carrier Too While You Are Looking For Affordable Life Insurance Quotes

Purchasing a life plan may be overwhelming as there are too many details that you have to look upon. Gathering and comparing life insurance quotes is just one component. This is easy to do though as it is available in various websites. One more thing, you need to decide which of the many available plans will fit perfectly to your familys needs and your purchasing capability. You also have to pay attention to the reliability and integrity of the insurance provider as well. This article will tell you how to spot a good one.

Here are a few things to look for an insurance provider.

• The plans that the insurer offers should be economical and it must not be misleading you. There are carriers which will just make a few modifications in a plan and offer it in a ridiculous price. You need to be watchful if you are fishing for a plan. Always compare it with the others.
• Bear in mind that the insurer you will choose has to be financially firm. How can you depend on someone to provide you financial security when you meet your Maker if that person cannot look after himself? You can work with the proper authorities to check their ratings and financial status.
• A good insurance provider should have a good payment history to their present and previous clients. Remember that there is a big chance that you will experience the same fate.

However, the easier process is to consult some reputed broker; since they are in the business, they are sure to be aware of such facts. Also remember that their business depends upon the words of mouth and so they are unlikely to misinform you intentionally. What is more, since they represent many carriers, they do not need to mislead anyone; the carriers generally offer the same amount of commission and so they are least likely to be partial on any of them.

However, unless you ask specifically, very few brokers will recommend a term life insurance to you and if you are wondering why you must study the term life insurance quotes for that. Indeed, the premium they charge for such coverage barely covers the cost of insurance and so the carriers cannot offer much in the form of commissions to the brokers. Consequently, brokers too do not show much interest in their sales. At least, you will hardly ever find them canvassing such a policy.

Term life insurance is appropriate for people who desire to purchase full coverage that can be attained at a price that they can afford. This is due to the fact that it offers purely insurance coverage. Although the protection that it offers can be enjoyed for only a limited period of time, it is still a valuable investment opportunity. It can address your short-term needs without making you indebted to the carriers; having to pay them ridiculous fees without added protection.

Selecting the plan that you ought to buy may be overwhelming with all the varying types of plans. More often than not, they differ in various pertinent factors such as the duration of the plan, terms and conditions and the range of premiums. But if you are looking for one that will get along with your quite limited budget, you may go for policies with cheap term life insurance quotes. However, you ought to be in good health and doesnt have any particular medical condition in order to be qualified and be approved by the underwriters.

Suppose you are terminally ill or you have a particular medical condition, you can opt for the type of term plan that will render this void, the no medical life insurance. This can be easily bought. With just a few clicks away, you can get this from the internet. Transactions can be done electronically. This is preferred by sick people because it does not have an effect on their insurability. Although it is possible that you will be asked to answer a number of questions about your medical background and ask you to pay higher rates.

Purchasing life insurance online can only be of help to people who are busy as bees. However, you need to remember that this leniency can be yours upon payment of the supplementary benefits. If you dont want to wait for a long time yet you still want to cut down on your costs, you ought to be proactive and play your part. Do everything to improve on your health. Lose some weight and minimize your tobacco consumption and it will pay you off through lower rates. This way, you will have a fat chance to be favored by the underwriters.

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

How Term Life Insurance Can Give Your Family Financial Coverage To Keep The Tough Going

Did you know that there are different types of life insurance policies and only a few of them promise an assured return? A term life insurance for instance, does not. Know that such a policy is always sold for a specific term and in most cases, the policy lapses without having to make any benefit. What is more, since such policies do not grow any cash value, no other return can be claimed either. That is why before you buy any policy, you must make sure what you actually want.

Indeed, knowing your need is the precondition of any successful purchase; but in this case, it is also important to know that there are actually two distinct categories of life insurance policies:

• Pure protection policies such as term life People generally opt for them when they are looking for life insurance protection at an affordable cost. Although the return is not assured, you can use it to provide full protection to your family for a vulnerable period.
• The life assurance policies such as whole or universal life These policies are sold for the life of the insured and so they provide benefits whenever the insured dies. Moreover, they accrue cash value and so if you feel that you do not need the coverage any more, you can cash them out after a specified period.

With all the disadvantages stated above, you may think that term life policies are up to no good. Nonetheless, simple logic will also tell you that if this is the case, not a soul will prefer to purchase this type of life plan. Weighting things down, it can be concluded that it has something good that attracts the average Joes. One of which is that it provides your family the financial security that they need should you meet your untimely demise. Best of all, you can make this happen in a price that is friendly to your budget.

Indeed, if you are looking for pure life insurance protection at an affordable cost, it is the only policy that you should look for. It is true that a life assurance provides much more, but it is also true that such policies can provide all these added benefits only because you pay separately for them. In short, while under term life insurance policies, you just need to pay for the cost of insurance plus a small administrative charge, these life assurance policies are essentially overpriced to allow for cash value build up.

Since the price factor is being talked about, it would be worthy to note that even with economical plans like this, you still need to practice caution in your dealings so that you can ensure the security of the little money that you are going to dish out. Start in the gathering of term life insurance quotes. You can find them in many websites over the internet. There are a number of tricks that you need to remember if youre going to choose this channel.

After you have gathered multiple quotes from various insurers you need to compare them. You may notice that there are figures that are higher or lower than the others. This is because the underwriters from one carrier to another may use different bases in their calculation. More often than not, they base it in factors like the applicants age, present health condition, job status, type of way of life that is currently being adapted; meaning, the lower rate you will be given provided you are healthier and younger. This also denotes that you have a say too in the premium you would pay.

The duration of the term life policy that you are going to buy should also be given attention. You need to figure out the most apt duration length so that you will maximize your money and ensure the insurance protection of your beneficiary. Otherwise, too short or too long term may have detrimental effects not only to your family but to your income flow as well. In addition, you would have to settle reluctantly to no medical exam life insurance plans if you are certain with the term plans duration.

Your term insurance plan can work for your advantage if you will keep a few things in mind. First, it ought to cover your family during your most vulnerable years. Next, the amount of the policy should suffice to the needs of the beneficiaries at that time when you meet your demise. Lastly, it will be best if you will make a separate investment. You cannot rely on term life insurance alone. Bear in mind that your family can only claim the benefits after your death so it will not cover your other needs.

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

Asked and Answered Questions on Life insurance

You may find this a little surprising, but many people live without any kind of live coverage even in this twenty-first century America. Some do not want to talk about it because they automatically associate their own death with it. However, one should never turn away from the fact that if he does pass away earlier than usual, it is only a life insurance policy, which can save his family from financial ruin. Of course, there is another group of people, which avoids such policies; they do that simply because they cannot make any head or tail of such policies and find the terms much too complicated to fathom. Let us therefore, try to clarify some basic points through some frequently asked questions.

What is a life insurance policy? Do I have any choice here? If I do, which one is the most affordable?

A life insurance is a legal and binding agreement between a person and a life insurance company. The person who will purchase a policy will be known as the policy holder. The policy holder will chose the type of policy that he/she wants, the amount of coverage he/she needs, and the term of the policy. On the other hand, the insurance company is responsible for indemnifying the loss of life of the policy holder with the amount of coverage that was agreed upon.

The term of the policy refers to the amount of time that the insurance company is obligated to cover a policy holder with insurance. The term of a policy will range from a single year to a maximum of thirty (30) years. Within this term, the policy holder is covered with life insurance and his/her beneficiaries will receive the death benefit if the policy holder dies within the term. However, if the term has already expired, the insurance company will no longer be obligated to pay the death benefits.

How much does an average policy cost?

Different policies cost differently. A term life insurance will cost the least while policies that offer opportunities for cash built along with usual life insurance protection cost more. Even different term life policies cost differently and more importantly, the same policy may cost at a different rate if the underwriting profile is different. That is why if you are looking for cheap term life insurance quotes, you should not only opt for a fully underwritten traditional term life policy, but must also make sure that your underwriting profile remains compatible to underwriting guidelines followed by most carriers. Moreover, term duration, coverage amount and premium payment mode too have an effect on the rates.

How do I purchase a Life Insurance policy?

A life insurance policy cannot easily be purchased ordinarily. There is a process that must be followed before a person can become a policy holder. The person who wants to be insured must apply for a policy. Once the application has reached the insurance company, an insurance underwriter will conduct an interview with the potential client. The interview will get pertinent information about the persons family background, occupation, sports and hobbies and other details that will help determine the persons insurability. The insurability of a person will be based on his/her life expectancy. The life expectancy will also be based on the results of an extensive medical exam that an insurance buyer must undergo before he/she is approved of coverage.

The greatest problem with fully underwritten policies is that they take more than a month to finish their underwriting process. However if you want you can also have instant coverage; you simply need to opt for no medical term life insurance policies. These policies generally complete all their formalities online; what is more, they do not usually take more than twenty-four hours to complete their underwriting process and extend the coverage. People generally buy them for their simplified purchase procedure. But for most healthy and tobacco free persons, they may turn out to be little more expensive.

How much should I insure myself?

The amount of coverage that a policy holder will need will depend mostly on the needs of his/her family. If the persons family is accustomed to a luxurious lifestyle then the policy holder must make sure that the amount of coverage will maintain this lifestyle even after the death of the policy holder.

Ideally, the coverage should be so large that income from this amount will be able to replace the income you bring in now. Therefore, the coverage amount should ideally be at least ten to fifteen times your annual income before tax. Take note of the interest rate as well; if it is at 8% now, your coverage amount should at least be 12 times your annual income.

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

Understanding Term Insurance And Universal Life Insurance Through Frequently Asked Questions

I am a 35 years old male. Most of my acquaintances has invested substantial amount in life insurance policies. I would like to know what exactly a life insurance policy is and what I can gain out of it.

A life insurance policy is nothing but a contract between the insurer and the policy holder whereby the insurer promises to pay a specific sum to the beneficiary of the policy on the occurrence of the insured event provided the policyholder keeps it running by regular payment of premium.

There can be quite a few types of life insurance policy. Among them a pure life insurance policy such as a term insurance provides the coverage at a very affordable rate. Indeed, the primary usage of such a policy is to replace the income lost due the premature death of the insured and therefore, if you have dependents to take care of you should get one immediately. You need it more if you are the sole breadwinner of your family.

I am still a bachelor and do not have a family of my own. My parents are still working and my siblings have their own families. Do I still need to have a policy?

No, if you do not have a family or anybody else depended on your income, you do not need the coverage right now; but the question is; are you planning to remain single all your life? If yes, you can indeed do without such policies; but if you plan to have a family later in life, you should get one now. That is because, policy prices increases with age and so it is always better to buy them early in life, while you are still young and healthy.

Even if you do not have a family of your own, you can choose anybody as your designated beneficiaries. You can choose your elderly parents as your beneficiaries or any of your nieces and nephews. Some people even designate their employees or business partners as their beneficiaries. Other people are eccentric enough to name their pets as their beneficiaries. Charitable institutions can also be named as beneficiaries of life insurance policies.

Are all policies same? Or is there in any variation in them?

There are many variations of life insurance policies available in the market today. However, these plans may fall under these two main categories: the temporary and the permanent. The temporary policies include the term insurance which will only insure you for the duration of the term or time period of your choosing. You can choose from a term of 1 year to a 30 year term. The problem with this type of policy is that the term may expire and when it does, you will no longer be insured.

Among the permanent policies, the universal life insurance is the most popular type. The advantage of such policies is that it insures one for life and so whenever the insured dies, the beneficiaries are sure to get the benefit. What is more, these policies use part of the premium you pay to accrue cash value and so in a way it also help you to build your asset.

How do I apply for a policy?

When you want to have a life insurance policy, you must first undergo an application process. Also known as the underwriting process, the application will include answering questions about your family background and medical history. Traditionally, you must also undergo an extensive medical examination which is administered by a physician which may or may not be employed by the insurance company.

Nowadays, you can forego the medical examination by choosing a term life insurance no medical exam policy which you can obtain by using the internet. You can now easily purchase an instant term life insurance policy by visiting an insurance companys website and choosing a life insurance quote on line that will be given by the website. The amount of premiums that you will have to pay will depend on the type of policy, the length of term, and your age.

It is normal for a person to have questions about life insurance policies. It is better to have these questions answered so that people will have a better understanding of what life insurance policies are all about and why they need them.

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

It is good to invest in Life Insurance

Its a good thing. This is what most people say when they are able to dodge a bullet or avoid a misfortune. Its a good thing I was late. Or Its a good thing that I was able to duck.

But quite often, Its a good thing. is used when something good comes out of planning ahead. Its a good thing I brought an umbrella with me. Or Its a good thing I have money saved up.

A little planning can spell the difference between saying Its a good thing. or what a waste. These days though, planning ahead seems to go against cool slogans like Live for the moment! or Live for the now! But the idea of planning ahead or just having a plan is something that transcends generations and is as relevant today as it was to our parent parents and so on.

I have a plan. There sounds a sense of accomplishment in saying so. It gives you a distinct advantage because while everybody else has dreams; having a plan means youre already on the way towards making them come true.

Investing in a life insurance policy is one of the best ways of saving for the future. There are basically two types of policies to choose from. They are the term life insurance and the universal life insurance. The term life policy is considered as a temporary policy. It insures a policy holder for a specific period of time known as a term. This term can range from 1, 5, 10, 15, 20, 25, to 30 years. On the other hand, a universal life insurance is considered as a permanent life insurance since the insurance coverage will not expire and the policy will cover the holder until he/she dies.

The two policies differ from each other in many ways. Term policies are not as expensive as the universal life. It is because they offer cheap term life insurance quotes. An advantage of a term insurance is: the term life insurance quotes may be set at a fixed rate which means that the premium rates will remain constant from the time of policy purchase till the end of the term.

The universal life is a policy that will cover a policy holder with insurance from the moment of purchase until the holders death. The advantage with this type of policy is that it will not expire. Another advantage is that the policy holder may have the option of withdrawing cash amount against his/her paid premiums. Depending on the provisions of the policy, this option to withdraw may be charged with a small percentage.

Planning for the future requires people to choose the ideal policy that will best suit the needs of their families. People must know which policy will give their families the maximum benefits. If the provisions and the benefits of the base policy are not sufficient for the familys needs, a policy holder may customize this by choosing to purchase insurance riders. These riders are additional benefits that can be added to the base policy to make it better. Examples of riders are the accidental death benefit rider, spousal or child rider, and the guaranteed renewal riders.

Planning for the future also require potential policy holders to get ready for the underwriting process. Traditional insurance policies often require policy buyers to first undergo an underwriting or application process. This will include a comprehensive medical examination. The results of this medical exam will help underwriters determine the premiums that the policy buyer will have to pay for coverage. On the other hand, policy buyers may avoid the medical examination by applying for a policy online and choosing any of the instant term life insurance quotes available for them.

Planning for the future of the family is always a good thing. Make yourself and your family assured of the future by investing and purchasing a life insurance policy. With a policy in hand, you and your family will never have to say Too bad.

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

Life insurance Its Benefits

A life insurance policy is a necessity for every head of the family. Actually, even if a person is not the head of the family, he or she still needs to have a policy of his/her own. Here are some of the reasons why a policy is needed:

1. A policy even if it is just a cheap life insurance policy will give a person peace of mind by being assured that his/her family will be financially secured in the event of his/her death. A policy is an agreement obliging an insurance company (insurer) to indemnify the loss of the policy holders life. When a policy holder dies, the insurer will determine if the death falls under the provisions that are insurable. If the cause of death is covered, the insurer will release the death benefit to the designated beneficiaries of the policy holder.

2. The coverage of the policy may give the surviving family enough money to meet their needs. A life insurance policy assures that a replacement income will be given to the remaining family members or designated beneficiaries in the event of the policy holders death. The amount of money that the beneficiaries will receive will depend on the amount of coverage chosen by the policy holder. Therefore it is important for the policy holder to have a clear idea beforehand about the future needs of his/her family before selecting the amount of coverage. The policy holder must take note of these following needs:

• a. The immediate expenses the immediate expenses are the costs that a policy holders family will have to settle immediately upon the death of the policy holder. These costs include hospitalization bills, hospice bills, funeral costs, and the costs for settling all the unpaid financial obligations of the policy holder.
• b. The recurring expenses in order for a family to survive, they must regularly pay for basic necessities such as food, gas, electricity and rent. Policy holders should choose a life insurance quote that will be large enough to cover the recurring expenses needed by the family.
• c. The future expenses- the policy holder must also think about what the family may require in the future. He/she will have to make sure that the amount of coverage of the policy will be enough to meet the future expenses of the family such as college education and retirement living.

Usually people follow the thumb rule that the amount of coverage should be at least ten times the amount of the policy holders annual income. When a potential policy holder chooses the amount of coverage, he/she will immediately be given the term life insurance quotes corresponding to his/her choice. This will tell the policy holder how much premiums are to be paid and for how long.

3. A life insurance policy may also be tweaked and customized so that the policy holder may receive the most benefits from it. There are riders that can be purchased to give additional benefits to the policy holder. Here are examples of some of the riders: 

• a. Accidental Death Benefit Rider. This rider doubles the amount of coverage that the beneficiaries will get if the policy holder dies due to an accident. This rider is also known as the double indemnity rider.
• b. Renewal Provision Rider. This rider gives the provision to the policy holder to renew the policy for another term if ever his/her term expires. This means that the insurance company will no longer ask the policy holder to attend any medical exam upon his/her renewal. Without this rider, the only viable option for a policy holder to be covered by insurance is by purchasing a no medical life insurance policy.

4. A policy can also be advantageous to a policy holder even if he/she does not die. There are policies that protect policy holders from paying premiums in the event that the policy holder becomes incapacitated to work.

In summary, life insurance policies will prove to be beneficial to both the policy holder and his/her family whether the policy holder dies or becomes incapacitated in the future. It is best to have one for yourself.

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

Some Provisions of Life insurance Policies Give Us

There are many instances in life where something may go wrong such as being involved in accidents or natural disasters. When these things happen, loss of lives may occur. The devastation that the surviving family members may feel may vary from family to family nevertheless each family will feel grief. If a head of the family dies, his/her family will not only feel grief. The surviving family members will also feel the financial burden even long after the death. This is unless the head of the family had purchase a life insurance policy before his/her death.

A life insurance policy is nothing but a legal contract between an insurance company and a policy holder. The policy holder will agree to pay regularly the premium rate as stated in his/her life ins quote until the total cost of coverage has been reached. The insurance company will agree to indemnify the loss of life of the policy holder provided that the death comes under the provisions of the policy. The provisions that must be followed first before the death of the policy holder is indemnified are :

• 1.    For a term policy, the death of the policy holder must fall within the term. Term insurance policies vary in term ranging from 1, 5, 10, 15, 20, 25, 30 years. Insurance companies are liable for indemnifying loss of life and paying out the death benefits if the death occurs within the selected term of the policy. If the policy holder outlives the term, he/she will not be covered any longer by insurance and the insurance company will not be obligated to insure the policy holder anymore.
• 2.    Insurance policies differ from each other. Each may contain different provisions for the cause of death. One common provision that insurance policies have even if it is just a low cost life insurance is a suicide provision. The common suicide provision of insurance policies state that if the policy holder dies due to suicide within two years from the issuance of the policy, then the insurance company will not payout the death benefits. However, if it happens after the two-year suicide provision period, then the beneficiaries would be able to receive the death benefits. You must check for the provisions regarding death so that the policy holder and his/her beneficiaries will understand better what their policy enables them to have.

Life insurance policies come in different variations. They can be broadly classified into two basic classes namely: the temporary policy and the permanent policy. The temporary policy has the tem policy as its subclass. Term policies provide life insurance coverage to a policy holder for a specified amount of time. The period can be one or more years. There are three key factors that determine the type of term insurance which include the amount of protection, coverage or death benefit, the premium to be paid, and length of coverage (term). The amount of coverage will be the actual cash value that the beneficiaries of the policy holder will receive upon to the death of the policy holder. The policy holder can choose the amount of coverage that his/her family might need.

The premiums are the regular payments that the policy holder will have to pay in order for him/her to be covered by insurance. The amount of premiums can be computed by an insurance underwriter or can be computed automatically such as the life insurance quote on line.

A person who wants to be covered by insurance must first apply for one. Traditionally, a person wanting insurance coverage must talk with an insurance agent and undergo an underwriting process. This person must disclose pertinent information about his/her medical background as well as undergo a medical examination. The results of this exam will give the underwriters the bases for determining the amount of premiums that the person must pay on a regular basis. Nowadays, insurance companies are coming up with new ways to entice more and more people to purchase a policy. They have come up with a no medical exam life insurance policy which no longer requires potential policy holders to undergo an exam.

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

Instant Life Insurance Is Convenient, Quick And Hassle-Free

If there is one truth about life, it is the fact that it is very uncertain. You dont have a way of knowing what will happen the next day, not to mention next minute. Now imagine dying and leaving your surviving family in vain, without whole life insurance and term insurance protection. If you are the breadwinner of the family, they will wind up with suddenly dried source of income. Imagine the grief and other emotional baggage that could have been prevented by merely buying of insurance plan.

It will be best if you will start buying plans while you are young as you would most probably get low rates. There are many types of policies you can purchase such as instant life insurance. This is a hit among people who do not want much fuss as it can be bought online and you would not have to submit many documents. You can phone an insurance agent or go online to get quotes for it.

If you receive a quote online, you can confirm it and complete the entire process online.  Often a no medical exam policy is also called instant life insurance and there are many benefits of getting such a policy.

Convenient

Hassle-free

Quick

Since there are no visits to the doctor and no intrusive tests to be undergone, instant insurance is convenient to get and not time-consuming.  Since all the paperwork can be done online, it is hassle-free.  The applicant need not make multiple trips to the insurance company to submit different documents.

Furthermore, as the whole procurement process takes place over the internet, everything will progress in no time. Whats more, you may be able to enjoy the coverage at the soonest possible time. In traditional plans, it more often than not takes about four to six weeks before a decision will be made whether or not the application will be turned down. As for instant life insurance online, it will only take you a couple of weeks to enjoy the protection upon deciding to approve your request. These advantages alone are the reasons why it is preferred by most people.

This also gives the other spouse time to get a job, start earning and supporting the family.  There are many advantages to buying term life insurance quotes online.  It allows you to make comparisons and gives you a good idea as to the amount of insurance coverage you need and the time period.  By using the insurance calculator provided on these online quote websites, you can input different coverage amounts and periods to arrive a premium amount you can pay comfortably without defaulting.  Buying insurance online can be done from your home or office since you can access quote websites from anywhere as long as you have an Internet connection and a computer.

The marvels of the technology can only be of help in the insurance industry. Prospective buyers may now do the purchasing from either their laptops or mobile phones that are supported by specific web browsers. This will help them get an application instantly approved. Bear in mind that there will be less waiting time as you would not go through any medical test. As soon as the underwriters see that youre qualified, you can pay the first premium.

If there are too many things that confuse you, it will be your best bet to seek outside help, which is from an insurance agent that you can trust and have the needed experience. If you cannot find one or afford to pay one, maybe you have a family or friend that has gone through the same procedure. Often, an insurance agent can help you be familiarized with the terms that are foreign to you. Also, he can answer some questions that you may have.

On the other hand, you can follow these simpler procedures to receive quick online quotes: Search for websites where you can get free quotes, answer questions on the quote application honestly and accurately, compare quotes, narrow down your choice to an affordable plan, submit application, sign the policy and send it back with your first premium check.  When the entire application process is so simple, no one can make the excuse that they do not have the time to apply for a life insurance policy.  When the future well-being of your loved ones is at stake, everyone must be responsible enough to protect their future by taking a good term or whole insurance policy.

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