February 13, 2018 by admin Leave a Comment

5 reasons to buy cheap life insurance now

We will save more next month

In the past we had a very bizarre weekend ritual. We would go out every Sunday afternoon and look for a new TV. This habit included stopping for a coffee and of course a cake, followed by a visit to all the malls within a suitable driving distance, well I had to put my foot down somehow. This went on for 4 years, during that time I had put weight on, from all the cakes of course! Enough was enough. I went out and bought the TV. So we had saved a few dollars but if you factor in all the coffee’s, cakes and gasoline it ended up costing a small fortune. Waiting to buy life insurance could be worse, during the wait something could have happened making the exercise pointless. When shopping for cheap life insurance it pays to use a price comparison site, obtain at least three quotes and select the most appropriate quote. Still not convinced? Here are 5 reasons why putting of buying life insurance is a bad idea.

1 – Life Insurance pays out on death

The Policy pays out on death. So if you are shopping around trying to get a better deal as with the TV and you take your time and something happens, well its too late. Somethings are just not worth waiting for. Can you really take these risks when looking to protect your loved ones? Of course if we all knew the date that we were going to die then we could arrange our life insurance in advance of this, but sadly this is not the case.

2 – Life Insurance premiums increase with Age

In the 4 years we were looking for the TV, would the life insurance premiums have got any cheaper? Sadly not, they increase as you get older so it doesn’t pay to wait. In fact the longer you leave it the more expensive the policy will become.

3 – Life Insure cost is related to health

Closely related to your age is your health. Sadly as we get older, our health generally declines. Therefore not only are you penalised by insurance companies for getting older, they also look at you as a high health risk factor. Of course you needn’t worry about medicals, as you can obtain life insurance coverage without the need for a medical exam.

4 – Life insurance is affordable

The overriding reason why most americans do not take ou life insurance is because of the perceived cost. It will surprise you to know that these polices are inexpensive and until you have looked at the cost, how can you say it is expensive? Use a price comparison site to see how inexpensive and affordable life insurance can be.

5 – Life Insurance companies need new business

Insurance companies need your business as much as you need to take out life insurance. They need to constantly increase the numbers of people insured to provide a healthy risk profile across their insurance books. by comparing quotes you will be able to see which insurance companies are actively seeking new business.

There really is no sensible reason to put off purchasing life insurance. By waiting you are putting the financial health of your loved ones at risk.

February 5, 2018 by admin Leave a Comment

Use cheap life insurance to cover debts

Cheap Term Life Insurance

Many families suffer each year from the loss of a loved one. Aside from the grief and stress that this can cause a family, it can leave your loved ones saddled with debt that can take years to clear. There is a simple and inexpensive solution to this problem. Cheap life insurance policies can be used to not only provide protection for loved ones, but to also ensure that they are left debt free in the event of your death.

Instant Term Life Insurance Quotes

The constant statement made about life insurance is that it is expensive. People make this statement without actually checking the facts. Term Life Insurance is surprisingly inexpensive. Why is that? Well as the life insurance companies know you are only being insured for a limited period of time, they know their risk and hence the premiums are low.

Does it pay to shop around for cheap term life insurance?

Absolutely! You would be surprised how much it is possible to save by just comparing quotes from different insurers. This then raises the question as to why? Well in a nutshell insurance companies are constantly looking at their overall risk and deciding who they can best suit their companies needs and hence offer lower rates to different age groups and customer profiles. Hence by shopping around it is possible to save up to 60%.

How to obtain the best protection for the money

When obtaining quotes, do not be afraid to tweak the amount of cover requested to see how this affects your premiums. You might be surprised by what you find. Also make sure you obtain at least three quotes from different insurers. Use a price compression site to find the best rates based on your zip code.
To obtain further savings on your premiums, check to see if the insurance company will provide discounted rates for paying annually. Often they will further discount the cost as they do have to process the monthly collection.

It is a fact of life that many of us will pass away this year. Are you happy that if this happens to you, your affairs are in order and you have provided for your loved ones and do you have sufficient cover to ensure that all your liabilities are paid?

January 28, 2018 by admin Leave a Comment

5 reasons to buy Term Life Insurance

Why should you buy term life insurance

There are countless reasons to buy life insurance. In this post we are going to highlight 5 core reasons to buy term life insurance. But it is also important to remember that these are not the only reasons. We can all think of buying life insurance, but remember, thinking and investigating is not actually buying. Term life insurance is not in effect until you have been accepted for a policy and it is enforce.

1 – Affordability

Many people will provide the standard excuse that life insurance is too expensive to take out. Historically when there was only the option of whole life insurance then this may well have been the case and it was deemed that something that only the affluent could afford. Now with the advent of term life insurance it has never been more affordable to obtain high levels of cover for the minimum outlay. With Term Life Insurance, the policy is only in effect for a limited period of time – the term. With this the insurance companies risk is reduced as they now the limit of their risk at the premium and cover in place. This provides cheap life insurance and is used by both young and old alike. Indeed this type of policy is often used for senior life insurance.

2 – Online Term Life Insurance

With the global increase of web sites and blogs, competition for Life Insurance has never been higher. Competition brings lower prices as different insurers fight to increase their client portfolio and try to increase their bank of insured to mitigate risk across sectors. As the consumer, you should make use of price comparison sites to see first hand how much you can save.

3- Shop around for cheap quotes

To find the new customers, the insurance companies have to compete to attract these customers. They do this by offering competitive quotes. By using sites that compare prices, you the consumer can compare up-to 10 quotes based on your zip code. Compare the different prices and be amazed at how high your savings could be, just by looking at different providers. It is important to shop around to see how much you can save. Remember any savings you make now are going to apply for each year your policy is in force.

4 – Pay Annually

To further increase the amount you can save on your premiums, enquire about paying your policy annually. By doing this the insurance companies tend to offer a discounted rate as they receive the premium up front for the year ahead, plus they save on the monthly processing. Again these savings are available each year you have the policy. Just make sure that you have the money available each year to pay the annual premium.

5 – Protect your family

It is important not to forget the primary reason for taking out life insurance, to protect your family and loved ones. You may wish to provide for your loved ones in the event of your death, to pay for your funeral expenses or for your grandchildren’s education. What ever the reason, you cannot achieve it if you don’t actually take out a policy. Finally, always remember that life goes on for those that you leave behind, They have bills to pay, outstanding loans or mortgages to settle and those end of life expenses to cover.

There is never a good time to think about this, but acting upon it is the one of the best decisions you can make.