Piscataway, NJ — 5/18/10 — Premiums for term life insurance policies, after many years of decreases, are once again on the rise, according to Neil Jesani, CEO of BeamaLife.com. “We’re in the perfect position to know about these changes first-hand, and what the financial news is reporting is exactly what we’re seeing. For the first time in a long time, premiums on term life insurance policies are beginning to inch up.”

Jesani’s company, BeamaLife.com, owns and maintains a website that is designed to give consumers the ultimate in access to and education about life insurance and other important financial services and strategies. BeamaLife’s proprietary technology and systems allows site visitors to compare life insurance quotes, disability insurance quotes, long term care insurance, retirement savings plan and college savings plan from more than 100 of the top insurance and financial services providers in an instant.

“Many of our current clients have saved themselves hundreds and thousands of dollars through the years by frequently shopping around for better deals on term life coverage. But that strategy might not be us fruitful as it has been in the past. Most of the premium increases have been somewhat small, something like 4% or so. But for the more customized forms of term life insurance, like return of premium policies, the increases have been a good bit higher” Jesani reported.

“It simply isn’t possible for insurance companies to keep their premium costs low these days because the cost of capital is so much higher than it was a few years ago. It’s much more expensive to borrow money, and the money is much more difficult to get with the current economic situation in our country.” Jesani added “that doesn’t mean you shouldn’t look for the best deal you can get on the life insurance you need. But in order to make the right decision, now more than ever you absolutely have to have the ability to query the whole term life insurance market at the same time.”