So, you decided to buy life insurance. Well then, what made a good decision! If you have dependents, you know that you have to provide for them long after they are gone. Buying life insurance should not be a budget buster either. Take a look at the following options that can save you big time!
Online Shop: There are several companies that will give you free life insurance quotes right online. By entering your personal information, the amount of insurance desired, and policy conditions, you will receive within moments sufficient information quote. Of course, you'll want to talk to an agent at some point, but at least you get a good ballpark number to consider. Some good sites for you to visit include: Insure.com, SelectQuote.com, ReliaQuote.com, IntelliQuote.com and InsWeb.com. There are many others, so do some comparison shopping.
types of life insurance: There are four types of life insurance plans from which you can choose:. Term life, whole life, universal life and variable universal life
Term Life is the most affordable, as it allows you to lock in a rate for the length of the policy [usually 10 or 20 years], but it does not have any cash accumulation. So, the only way to get paid if you die!
whole life life coverage provides the insured, guaranteed level premiums, tax-deferred accumulation of cash values. In other words, you can borrow from the policy if you need cash.
Universal Life offers a lifetime of insured coverage, flexible premiums and death benefits, tax-deferred accumulation of cash values. Rates are adjustable.
variable universal life offers life coverage, flexible premiums and death benefits, tax-deferred accumulation of cash values, choice of investment opportunities. Rates are adjustable.
Contact agent: Once you have determined which type of insurance is best for you and your family, contact agent for further instructions. If you receive a life insurance quote online, follow through with it to allow the agent to contact you personally. This person will go through the policy and discuss with you the various types of companies that offer coverage. If you are happy and wish to proceed further, the agent will order a comprehensive medical exam that can be done in the comfort of your home or office at no charge to you! About four to six weeks later the results will be and if all goes well, your coverage will begin almost immediately thereafter. At no time are obliged to accept the coverage until you sign the contract.
More Save: Want to save even more money? Pay the premium once. Monthly or quarterly payments usually carry a surcharge. By paying the entire premium in advance you can save about 5 %.
insurance for family members after your death is one of the most important reasons to include life insurance as part of their financial planning. You can get your free quote life insurance by shopping online today, do not delay
!(c) 2005, Matthew C Keegan, LLC
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