Competitive Term Life Insurance

Competitive term life insurance is coverage for a set period of time, perhaps one, five, or ten years. At the end of the term, the insured usually has the option to renew the policy or make any changes. However, as the insured ages, the premium amount increases. Whole life insurance, on the other hand, costs a set amount over the entire life of the policy. The choice of policy will depend on the insurer's personal needs.

If looking for this type of coverage, the Internet is probably the best first resource. Perform a search using the terms,"competitive term insurance," and it will turn up numerous sites offering information, advice, and free quotes. Insurance brokers can locate several quotes to investigate further after some simple information is entered into their online forms. The wonderful world of the Internet has made it incredibly easy to research information in today's world.

Rates for these policies are determined by a number of factors. Issues that are taken into consideration include age, sex, health, whether the applicant is a smoker or not, and occupation. Generally speaking, females get better rates on competitive term insurance than males. As you might expect, non-smokers get better rates on competitive life insurance than smokers. The company may request a medical examination in order to get the most competitive term life insurance rate. This exam usually includes a weight and height check, a check of your vital signs, a history of any health issues, and a blood and urine sample. Many companies may arrange for these physicals to take place in the purchaser's home.

If considering purchasing a policy, it is important that what is being purchased is completely understood. Be sure to ask the insurance agent any and all pertinent questions regarding the competitive term insurance. For example, how long is the term? What happens at the end of the competitive term life policy? Will it automatically renew and, if so, what will the new rate be? Also inquire about the premium payments and whether or not there is a requirement to pay once a year or are the payments spread out over twelve months? All of these are important issues to consider when researching the various competitive term life insurance policies available. When in doubt, seek God's wisdom and pursue godly counseling. "Hear counsel, and receive instruction, that thou mayest be wise in thy latter end," (Proverbs 19:20)

Add to: File Insurance Business article Teen Photo Images