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Tips for saving money on your life insurance

Save your life insurance Tuesday, December 7, 2010 William Rowan
Nobody likes to pay more money for their life insurance than necessary. Anyone can know that life insurance is more expensive when you get older, but there are strategies that can help you save money on your policy. Here are some tips to help you save thousands of dollars over the life of your plan.
1: Find out how the insurance company determines your age. There are two ways that insurance companies in your age factor, when you buy life insurance. Your age will be determined either with your real age? or your age to another. If they use your real age and you are under 44, they will have been defined at this age as a basis for your life insurance based.
It is common for companies with a process that is known as the nearest age. This calculation is easy to see when you approach your next birthday or your last is determined. With this method, when you turn 45 in three months, the insurance will give you the price of 45, who cost more than 44 years. As a result, you may be able to save money if you have a life that determines your actual age, if you come to decide on his birthday soon.
2: backdate your life insurance. Another strategy based on age that you can use to save money, dating? Age or save? policy on your life. In the example above, if you turn 45 in three months, most companies would you like a rate of 45. But did you know that you are eligible to age 44 rate?
If you have three months back premiums, the date of your policy after your last birthday would be paid, the insurance will actually give you life insurance rates for 44 years! This could result in significant savings over the life of your policy because you basically have to pay long-term rates life insurance for an age that is a year younger.
For example, we say that the insurance was $ 1,200 for 44 years, and the premium for the age of 45 years was $ 1300. You can pay for more than three months, or $ 300, save on the premium of the previous year, saving $ 100 on your annual premium. It may not seem like much, but this strategy would save $ 100 per year for each year are planning a period of 30 years, you end up saving $ 2,700 over the life of the policy.
You can save money on your life insurance simply by implementing some strategies based on age. They will not be options for everyone, but if they match your goals, the savings can be substantial. Be sure that the information that the Foundation non-profit LIFE is responsible for selecting the best type of life insurance for your situation.
William Rowan is the founder of eTermLifeInsurance.net, a website for term life insurance comparison consumer and education. It concentrates only to the consumer the best life insurance for their individual situation to find. Better health means better prices, but you still need to compare Tuesday, July 27th, 2010 Brian H. Ashe
Hey, it looks like the underwriting departments of life insurers may be willing to change to a "rigid" guidelines for what they considered "good" risks. For example, I read that The Hartford has begun to pay more attention to the ability of a person, as a marker of good health and an exercise in durability. This does not mean that insurance will not seek to blood pressure, cholesterol, weight and size, etc., if you are for life insurance. It's just that they are now willing to consider some other factors that appear to be.
People who are athletic, are not always fine, some have a lot of muscle mass. They can not get into the neat categories height / weight ratio, but they can be in excellent physical condition. As companies seek more inclusive of those who may be outside the historical reference of physical stock, they are also simultaneously their pencils on other things such as total cholesterol, split (LDL, how you compare with the HDL ), A1 (c) levels and other factors to try to give, not only those in very good health "preferred", but "super preferred" rates.
When I started in the business, underwriting classes fairly "standard" or were "evaluated". And if you were rated, it meant your rates for term insurance, for example, could go to about 25% for each "table" were evaluated, Table 1, Table 2, etc. Since the rate of established businesses non-smoking dependent for Standard-Plus prices, super-special rates and a host of other categories you can qualify for.
While Super healthy, you can qualify for reduced rates, means, in many different categories, you must be a demanding customer. Businesses can advertise or display their best prices to earn your request. Remember that the final rate determined only if your medical underwriting is completed. And make sure when you compare the companies you are comparing the same class of stock, it is better to be preferred. It could be a price difference between a 40% discount and a normal rate.
But the most important tip, make sure you have enough life insurance. If you do not, you go shopping. All comparisons show that prices lower than they have ever been. And if you need help, please feel free to contact your agent or find one in your area to find an agent LIFE.