Finding the Best Term Life Insurance Rates
Crack the secret codes of finding the best term life insurance rate and save up to 80% on your term life insurance.
Term life insurance is most affordable life insurance policy available in early period of your life. We all understand the term life insurance very well. Term life insurance is a pure mortality expense like your car and home insurance. Fortunately, the term life insurance rates in the US are cheaper than any other countries in the world. Even though “life expectancy” (average life span) for those living in European countries is higher than it is for those in US, but life insurance rates in here are still lower, thanks to the competition of more than 1,800 life insurance companies. So, don’t complain, life insurance is already cheaper in the US. That is being said, how can find the CHEAPEST life insurance rates from these CHEAPER term life insurance rates.
In the old days – about 15 years ago – the only way to buy term life insurance policy was through an insurance broker or agent. A lot has changed in that time due to the increase of reliance upon, and trust in, the Internet. Following are my secret codes to find the best term life insurance quotes and rates;
1) Review Your old Term Life Insurance Policies
For one thing, term life insurance policies are almost 50% less expensive than they were just a few short years ago. So if you’re looking to save money on term life insurance, or perhaps benefit from paying lower term life insurance rates, one option might actually be to replace your old term insurance policy with a new one if you are still healthy. And in this day and age, you can buy a term insurance policy directly from a life insurance companies with the help of BeamaLife by calling (877) 972-3262 or by requesting life insurance quotes online. This process allows you to buy a term life policy without ever having to deal with a pushy local life insurance agent or less-than-enlightened local life insurance broker.
2) Term Life Insurance Laddering Strategy
The smart way to buy term life insurance is to ladder your policies. For example, if you need two million worth of term life insurance now but in next 10 years your need will go down to 1 million and by the time you are 60 then only $500,000. Instead of buying one 2 million – 30 year term life insurance policy, buy three policies. First – $500,000 – 30 year term life insurance, second – $500,000 – 20 year term life insurance and finally, 1 million – 10 years term life policy. As you know 10 years fixed policy is cheaper than 20 years and 30 years and 20 years fixed policy is cheaper than 30 years fixed policy. We at BeamaLife know how to ladder, mix and match your life insurance policies.
3) Apply with Multiple Life Insurance Companies
Different life insurance companies underwrite your term life insurance policies differently. We have experienced substantial difference in the term life insurance premium. Different companies have different standards, research, their individual experience with similar risk and different underwrites (remember – underwriters are human!). This strategy will also help your diversify your risk. Rather than having 3 million term life insurance from one insurance company, you would be better of dividing among three life insurance companies. Obviously, if you are applying less than $500,000 term life insurance then you doesn’t have to go with multiple life insurance companies.
4) Please Do Not Hide Anything From Us
Unfortunately, most life insurance shoppers think they can fool life insurance companies! They also think that we are on life insurance companies’ side and we’ll give you higher term life insurance quotes if you share everything with us. This is true about your local life insurance agents – they are representative of a particular life insurance company, we are NOT. We work for you and not for any one life insurance company. We are not their agents. Also, life insurance companies are very smart now a day. They are in the business of taking risk and know how to find more information about you. May it be from your medical examination, from your doctors’ records, from your pharmacy data report, from your MVR (Motor Vehicle Department Report), from MIB (Medical Information Bureau), from Google, Yahoo, Bing, Facebook, Tweeter or many other your online activities. So, please don’t hide your medical condition, driving history, current life insurance application with other company or tobacco usage. We are like your attorney; please let us make a decision, how to represent you to a particular life insurance company.
Term life insurance has a place in many life insurance portfolios, though in many ways, it is the opposite of permanent life insurance. It builds no cash value, its death benefit stays level or declines not increasing, it is short-term rather than long-term; and it will most likely expire before you do. It does, though, serve as a great temporary life insurance protection solution until you can afford to buy whole life insurance.
At BeamaLife, we’ve eliminated the hard work for you. We’re leveraging technology and created a one-of-a-kind marketplace where a single term life insurance quotes request will get you proposals from the very best term life insurance companies around from us. We do not sell your information of any one and you will only talk to BeamaLife highly trained and experience life insurance specialists. We’ll help you compare term life insurance quotes and structure your term life insurance policies, term life insurance policy riders, and more in a most optimum way.
Start your search today—call (877) 972-3262 to speak with one of our life insurance specialists, or complete this online life insurance quotes request form.
