Just about everyone knows that smokers are charged more for life insurance. They will charge you even if you smoke one cigarette a year. Insurance companies are concerned that smoking will affect your life expectancy, and cause you to develop any one of many fatal illnesses. They want to be sure that you are not going to die before they can get enough money to cover your policy value.

Insurance companies classify even smokers differently depending on how much you smoke. They are classified as heavy or moderate smokers, and people who smoke moderately,often have lower premiums that people who smoke heavily. The insurance company decides if they classify based on amount you smoke, or just that you smoke at all.

If you are a smoker, and otherwise healthy, you will most likely fall into the preferred category. If you have recently quit smoking, you may fall into the non-smokers' category, depending on the company and what their rules are. Some companies offer graduated scales, with rates that go down, the longer a person remains free of tobacco. You may be able to reach non-smoking status within one year.

Remember that shopping around for the best policy is the most assured way of getting the best rate on a policy. One company may consider you a heavy smoker, and another might think of you as a moderate smoker, and give you lower rates.

Getting the lowest rate with the best coverage is important to all of us, particularly smokers, since their rates are always higher that nonsmokers rates. Looking at different companies, and the rates they offer, is the best way to find one that is right for you. You can get a good rate on insurance; it is just a matter of looking in the right place, and asking the right questions.



Article Source: http://EzineArticles.com/?expert=Mark_Daoust

Low Cost Life Insurance Rates have actually been falling over the past few years. This is great news if you are about to take out a plan or already have one that you wish to review. You might just find exactly the same cover at lower costs somewhere else.

Here is a batch of little known insider secrets to finding a lower cost policy and save yourself money.

Always purchase your low cost life insurance from a company that competes on their low price. Recent trends have seen many insurance companies relying on their sales agents to try and sell as many policies as they possibly can, but there are also many companies out there that compete based on their low cost life insurance rate.

There are savings to be made if you research well amongst the top companies that are battling to offer the best policies online.

Always choose a plan that asks you to answer medical questions and do actually agree to a medical exam if they ask you for one. Although it is possible to by pass taking a medical by buying an "instant issue" policy, you will end up paying very high premiums. Also, the possibility of qualifying for acceptance of such a scheme is relatively small so they really are not worth the hassle.

Compare policy rates before you buy.

Level Term Assurance is the cheapest available plan. With term assurance you pay premiums for a certain period of time. Hence the name. The longer that period is then the higher the monthly premium. The reason for this is that once the company issues the plan it cannot withdraw it later. This is regardless of the state of your health as you get older.

Level Term Assurance policy premiums are generally much cheaper than any type of plan that builds up savings or investment element. Those schemes are called whole of life, endowment or universal plans. Avoid them like the plague unless you are rich. The premiums might start out low but they skyrocket in ten years time when they are "reviewed" as the companies call it. They are not the way to find low cost life insurance.

A Level Term Assurance policy does exactly what you expect it to do by financially taking care of your beneficiaries if you die. Quite simply, your family will receive a death benefit if you die during the schemes period of running. They offer very good value especially if you are young and in good health.

These days you can instantly view a comparison of low cost life insurance rates from the best companies online. You can then easily apply for a low cost life insurance policy from the company with the best life insurance rates.



Article Source: http://EzineArticles.com/?expert=John_Francis_Higgins

You can reduce your monthly outgoings if you compare term life insurance. People check the costs of all sorts of other things so it makes sense to keep an eye on this one, too. After all, any savings can add up to a substantial amount over a period of time. Here you will learn how to quickly compare term life insurance and still keep the cover that you need

Rule 1 - know your term assurance types. One of the biggest savings that you can make is by simply choosing or switching to the right plan. Make sure you choose wisely and take advice if you are uncertain.

You can opt for a simple life insurance if you are running on a budget. Term Assurance provides death benefits for a specific period. This period may be one or more years but the benefits are paid only in the event of death of the insured person during the length of the plan - no investment amount is built up or repaid at any time.

Some types of this type of policy can be "renewed" for more than one additional term. However, if you do so, your premiums will increase every time that you renew because you will be older, so tread carefully. Most people are best off avoiding renewable policies.

There are five types of this type of plan:

1. Level term assurance: Ensures that your premiums will not go higher whilst the plan runs (often between 5 and 20 years) of your policy. This is the most usual one for providing the family with life cover and is your starting point. Use this, together with number 2. below to provide excellent life cover for your family. You can easily compare term life insurance from different companies when it is set up on this basis.

2. Decreasing term insurance: Your premiums stay level throughout while the life cover decreases each year. Such policies are usually used to cover mortgages and loans. Use 1, above, to provide cash to help the family survive without your income and this plan to pay off the mortgage.

3. Annual renewable: Allows you to renew your term insurance every year until you reach a specific age, usually, 65. Most often used in business, but pretty rare these days. Level term assurance is so cheap it has less use.

4. Renewable: The insured person can automatically renew the policy, even their health condition has worsened, at the end of the term of the policy. Usually runs in periods of 5-20 years. It is very similar to the annual renewable policy but is normally for a longer time period. It is much more difficult to compare term life insurance set up on this and the following basis because benefits differ from policy to policy.

5. Convertible: Allows the insured person to convert their term insurance into any other type of life insurance policy that the company offers. Quite rare these days especially as the option to convert costs quite a lot.

Rule 2: Find a decent website to compare term life insurance. The old ones were designed years ago and ask too many questions. Some even make you wait for the life insurance quote by email or telephone. The new style ones will compare term life insurance in a few seconds.



Article Source: http://EzineArticles.com/?expert=John_Francis_Higgins

Attention married women. I write this article to convince you that if you do not find a way to convince your husband to purchase life insurance, you may be waiting a long time before he wants to buy it. The odds are that when he is ready, it will be extremely costly because he will have been told by someone in the medical profession he has some type of condition which will finally convince him that he is not immortal. Either the medical condition or his age will make the premium much higher than it would be if he simply purchases the coverage now.

After 33 years in the insurance business, 70 per cent of my clients are women with an average age of 42. If you ask any life insurance agent what per cent of their clients are women, I would be willing to bet most have the same ratio of men to women. Men simply refuse to think about their mortality. I can think of no other reason why men have such a difficult time discussing the topic of life insurance.

One sad man I spoke with many years ago was age 27 with 5 children. He not only was disinterested in life insurance because "the government would take care of his children"; but said no one could stop him from working, so he had no need for disability insurance.

To make a long story short, three months after I tried to set the appointment, he was injured in an auto accident which prevented him from working for two years. When he finally returned to work, he needed two jobs to recoup all of his losses. Shortly thereafter, he was killed in another auto accident while working his second job.

I am certain any women reading the above feels her heart going out to the wife and children of this man and how they must have suffered. Read those words to your husband and his first thoughts are more likely to be "Don't worry, that will never happen to me".

So, the question becomes "how do you convince your husband he needs some (or more) life insurance.

Here are a few suggestions which may help.

Do not nag or insist. Your husband will probably think you want him dead. He will say it as a joke, but it will be what he is thinking.

Discover what motivates your husband. I am not talking sex, but then again, if it works!... Would discussing his love for you and your children motivate him? Some are motivated by greed so discuss how whole life will force money aside for the future.

Tell him you made a "tentative" appointment with a life insurance agent on a night you know he will be home.

When all else fails, do all of the research by yourself. Meet with a life insurance professional and discuss your options. You only need your husband to be available for a physical at your home and to sign the paper work agreeing to be insured. The physical will not be on the night you meet with the agent.

However you convince your spouse to agree, get him to agree. Use this time to renew your relationship and love. Start dreaming about where you and he want to be in 20 years from now. Then discuss how life insurance will guarantee that at least one of you will live the dream for both of you.



Article Source: http://EzineArticles.com/?expert=Joseph_Chappine

No one has made a contract with God that they won't get sick. Most people are aware that life can be unfair and that being financially comfortable today doesn't guarantee being comfortable in the future. It may all come as a result of a sudden death. Anything is possible for anyone, but what about the insecurity that will knock on your door and will deprive you from your goals and dreams?

It is a fact that some people think they don't need life insurance because they assume enough money by the time a death occurs in the family. However, this assumes either that the time of death is predetermined or that the family will have sufficient funds at any given time to pay for any expenses related to an unexpected death. The first challenge that arises from this perspective is related to the cost of life, which increases from year to year while income levels remain stable. Therefore, a family that depends on job income to live will certainly not be able to afford the expenses of a sudden death.

Life insurance provides enough coverage and assists a family to anticipate financial burdens should a death occurs in the household. Although, people don't like to think about dying, loved ones should be protected and their financial future has to be taken care of.

Life insurance offers security and protection. There are people that believe that the monthly cost of life insurance is excessive and that premiums are paid for no reason if the unexpected event never occurs. It is a fact that insurance money seems wasted if insurance policy is never used. It is also true that it may exceed the cost of life thus burdening the family's budget even more. However, there is no guarantee that this will be the case. Death is inevitable and unpredictable. Wouldn't it be better for the family to have a large sum of money at hand?

Life insurance works for single people as well. A low-risk life insurance would cover funeral costs; at the same time you can invest the premiums you would have paid should you had a high-risk insurance. In that sense, life insurance is a wealth optimizing tool. It can provide liquidity to pay off personal or business loans or good returns on investment, which could be a beneficial way for saving necessary funds for retirement years.

If still you are not convinced that we need life insurance ask yourself simple questions. What immediate financial expenses will your family face upon your death? How long would your dependents need financial support? How much would you want to leave behind to fund your children's education? Would you want your family to be financially doomed because of your sudden death?

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If you are planning to finally have your life insurance and you noticed that you gained just a little weight, then you might still have greater chances of having a normal premium rate. But if you think that you have gone overweight and it becomes so noticeable, you have to prepare your budget because you might have an insurance rate that will higher than usual.

According to consultants on life insurance, the probability of being denied for this insurance policy when you are overweight or obese is most likely. This is true even if the person is just overweight having no related health problems or diseases. If ever they will have the ability to be granted the life plan that they are purchasing, it will be definite that they will be charged for higher premium rates. A person who has this condition will usually pay an amount that is 15 to 20 per cent higher compared to a person that is fit looking.

It is true that the insurance companies are applying the principle that says that higher the weight above normal, the higher the premiums will also be. This is because they believe that being overweight or obese is unhealthy and this people are more prone to different types of diseases. Medically, this is acceptable and that is a fact that we need to accept. So if you are applying for a life insurance, make sure that you are healthy and fit to have the ideal life insurance rates that you want.



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