Now that we have sort of persuaded you to consider term life insurance as a definite possibility, here is some more insurance information on how to select the right kind of term life insurance as well as a few things you can do to control premium costs. Please remember, however, that the difference in premium payments can be rather significant from one insurance company to another since it is a veritable insurance jungle out there. Thousands of insurance companies are competing fiercely against each other for your business and since it is a buyer’s market when it comes to term life insurance, every bit of insurance information tends to help.
Once you decide that a term life insurance plan is a viable option for you given the fact that it is cheap when compared with other types of insurance policies not to mention the fact that coverage amounts are huge, the next step is to follow a few insurance shopping mantras to obtain the best premium rates possible. Here are five tips to help you on your rendezvous with the term life insurance value proposition. Net sure do hope that the insurance information we are sharing with you below will help you to save enough money during the course of a year to help your family and you go on a real nice vacation! Here is our five cents worth:
Quit Smoking
If you are a heavy smoker, then it is time to quit your habit for good because smoking not only hurts your lungs but is also heavy on your pocket book. Your habit may force you to pay a higher life insurance premium which is something that will undoubtedly add up over the years.
Consume Alcohol in Moderation
Excessive alcohol consumption is again another factor which can increase the amount of your term life insurance premium. Moderate or non-drinkers have to pay relatively less premium for the same amount of term life insurance coverage. A trip to your favorite local bar with your buddies once a week is OK but try not to exceed a couple of drinks. Insurance companies run blood tests before approving an application and somehow they can always tell even if you haven’t had a drink for a couple of days.
Lose Weight and Shape up
If you are overweight by current medical standards, it is time to burn those extra calories real quick before you sign the insurance application form. Excessive weight can spike up your term life insurance policy premiums significantly. Insurance companies charge larger premiums from individuals who are overweight because they are at a higher risk of being afflicted by life-threatening diseases many of which are related to lifestyle.
Reporting accurate Insurance Information
We strongly recommend that you do not hold back any information or facts about your medical history from your life insurance company. It may cause serious difficulties when it is time for your beneficiary to file acclaim. Submitting incomplete information deliberately will prove detrimental to the overall health and well-being of your dependents when the real need arises.
Over-insuring yourself
There are two theories about this rather critical issue. There are some who believe that you should insure yourself only up to the amount that is sufficient to maintain your beneficiary or the family. We believe, on the other hand, that given the state of the world order today in which prices always head north instead of going south in addition to the gradual increase in the cost of living we experience regularly, you should purchase term life insurance coverage to the extent that you can afford.
Concluding thoughts
If you are asked to make a list of the top ten attributes of the human race, chances are that you will put procrastination pretty high on that list. It is wise not to delay the process of covering your loved ones with an iron clad term life insurance policy in the event of an unforeseen circumstance. All you need to do is to complete the inquiry form displayed on this page and send it to us. You will receive timely, accurate and highly reliable insurance agent information from pre-qualified term life insurance provider who will work with you and set you up with the right coverage. Shophoustoninsurance.com is a good and free source to shop for term life insurance.