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Cheap Insurance Life Term — A Tip Insurance Providers Don’t Want You To Know
December 29th, 2009 by admin
A number of recommendations lowering your costs and obtaining cheap term life insurance rates do compromise the quality of coverage you enjoy and so are NOT smart. I’ll share a better way…
During a medical exam, a man told the medical examiner that he smoked a cigar about only once a year to mark special moments. He thought that his insurer would appreciate that cigars for him were only to mark great moments
The rates he got showed that his insurer had a different view of his ocassional smoking. They gave him a rate that was so high it was about two times as high as rates given to non-smokers.
Ordinarily one would have expected him to take it as final since it came from a reputable insurance company He decided that he will NOT let any insurer give him what he considers an unjust rate that didn’t reflect the real level of risk borne.
He wrote the insurance carrier requesting that they offer him a non-smoker’s rate because he only smoked about once yearly His position was finally accepted by the insurance provider and his rate was reduced by 50%.
Believe it or not, competition in the life insurance sector is stiff You can, and should, benefit from this any time you feel you have a valid reason that entitles you to paying less If you can convince an insurance provider that you are NOT as bad a risk as they thought you were, they can reduce your rate.
So do NOT be afraid to bargain if you think you really do have a case This doesn’t suggest in any way that you should present false details in other to bargain for a better rate. Doing so could compromise your life insurance policy as your insurance provider could simply choose to pay your beneficiaries the sum of premiums paid in addition to accrued interests only