Best Term Life Insurance Rate — A Tip Insurance Providers Don’t Want You To Discover
December 14th, 2009
Although you can save and obtain the best term life insurance rate by downgrading your coverage, it is not recommended if it compromises you and yours. I’ll share a safer way…
There was this man who only smoked a cigar once a year to crown special occasions and he went ahead and told his doctor just that. His thinking was that since he just smoked about just once a year and made this known to the doctor, this would NOT have any negative effect on his life insurance rate.
The rates he was given showed that his insurance carrier had a different opinion of his once-in-a-while smoking. He got a rate that was over two times more than that for non-smokers
He could have just settled with the rate given to him just like some people do. He wouldn’t settle for that on his part since he reasoned that smoking only once annually didn’t make as bad a risk as those who smoke two packs everyday
He wrote explaining to the insurance provider and therefore requested that the give him a non-smoker’s rate. In summary, he eventually had his rate lowered by up to 50% after weeks of bargaining
There’re lots of life insurance companies out there and they’re all competiting for your business For folks who have a good case, use this to your advantage. Every insurance carrier would gladly offer you more affordable premiums if that will enable them do business with you but still reflect the risk they bear by insuring you
Bearing this in mind if you have good reasons to believe you really should have less, do NOT be scared to ask your insurer. This does NOT suggest in any way that you should present false details in other to bargain for a better deal. You can make your life insurance policy invalid if your insurance carrier can prove that you gave them untrue details about yourself
Entry Filed under: Health