Low Premium Life Cover

Cheap Life Insurance

Life insurance is a necessity but you can keep the cost low. Most people seek for low cost life insurance; some other people seek for cheap life insurance. Here are useful tips on how you can get cheap life insurance.

Some people do not count it necessary to check insurance quote but checking your insurance quote at least once in every six months can help you to keep your cover cost low. It is advisable to check insurance quote and compare rate giving by other companies before you settle for any company and buy your life cover.

Cheap life cover is available online but it is your own responsibility to locate the company that will give you the best rate for you life cover. Low life people most time run away for life assurance because of the cost, but it is necessary to have your life covered to secure the feature of your love ones. No matter the cost of life assurance, it does not stop the fact that it is a need for every individual.

There few things you need to know if you want to reduce your life cover cost by reasonable percentage is that you need to maintain healthy life style, avoid excessive drinking and smoking, avoid over speed and dangerous driving when ever you are behind the while.

If you want cheap life cover as a low life person, you need to look for agents that will advice you on the policy to buy and most importantly the best company to buy your cover.

As a professional in this field, I always advice my client to CHECK QUOTES and buy the life insurance from http://www.my-life-insured.blogspot.com

Article Source: http://EzineArticles.com/?expert=Francis_A._Michael

Cheap Life Cover, Might Offer a Priceless Safeguard

Cheap Life Insurance

There are a number of ways that an individual might play a central, pivotal role in any household. He or she does not have to be a major breadwinner - a role dedicated to the care of children or the household itself is often just as critical to the lifestyle chosen and enjoyed. It is a lifestyle shattered at a stroke, however, by the premature death of that key family member and loved one. On the financial front, fortunately, cheap life cover is often available to help smooth out the worst of the practical impact.

Life cover is probably one of the most simple and straight forward insurance policies around. In return for the payment of a monthly premium, the policy holder is typically assured that a guaranteed, predetermined cash lump sum is paid to named beneficiaries in the event of his or her death within a set period (known as the insurance "term").

Whether that individual is a breadwinner, carer or housewife, their death has an immediate financial impact on the household unit - either through the loss of income, the loss of a carer for children and the possible need, therefore, to engage paid help as an alternative to that care, or, indeed, the need to engage paid staff to help look after the house and domestic chores. Life cover, therefore, is designed to provide the financial wherewithal to make these domestic adjustments.

Such safeguards help to protect the family's routine and lifestyle in the event of a key member's death and thus provide invaluable security and peace of mind. What is more, it is a security that is possible to arrange through life cover. Just how cheap that cover is depends, of course, on the benefits that the policy holder believes likely to be necessary in order to grant financial protection to the rest of the family in the event of his or her death - the insured benefits are directly proportional to the amount of monthly premiums paid. The precise level of life cover that it is appropriate to arrange - or indeed that it is possible to afford - therefore, is likely to vary from individual to individual, according to their particular needs.

To help prospective policy holders choose the most appropriate policy and to access cheap life cover where the cost of the monthly premiums is an important consideration, insurers offer a number of products designed to meet particular circumstances:

• Standard term life insurance - this is perhaps one of the most flexible forms of life cover available. The prospective policy holder simply needs to calculate the amount of benefit likely to be needed by the surviving dependants or the amount that he or she is able to afford to pay in monthly premiums;

• Index-linked and increasing term life insurance - if the cost of the monthly premiums is less of a worry, it is possible to purchase life insurance that links the assured benefits to movements in the retail prices index or simply increases the benefits by a fixed percentage each year;

• Mortgage life insurance - homeowners with a mortgage to pay quite rightly worry about their dependants' future housing situation if they were to die. A way of helping to secure the family's security, therefore, lies in a life insurance policy specifically intended to pay off the mortgage in the event of the policy holder's death. In cases where the mortgage is a standard repayment type, which has a declining outstanding balance over the years, a decreasing term insurance offers a particularly affordable form of cheap life cover.

David Thomson is Chief Executive of BestDealInsurance a completely independent specialist broker dedicated to providing their clients with the best insurance deal.

They offer great value life insurance as well as, critical illness and income protection, ensuring that their clients have the protection they need, without leaving a hole in their pocket.

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

Should the Cheap Life Insurance Rates Be Your Only Criterion?

Cheap Life Insurance

If you are looking for an affordable life insurance policy, do not overlook the term life insurance quotes. Term life is especially helpful if you are young, healthy and have a growing family, but not much cash to spare. Such a policy has many advantages as well as many disadvantages. Buy one after weighing the pros and cons very carefully.

As it is, term life is the pure form of insurance policy that provides nothing but death benefit. You buy such policies for a fixed term. There is no cash value of these policies; neither there is any investment opportunity. You buy this policy if you want only life coverage at a very low rate. Your designated beneficiaries will get the face value only if you die within the relevant term, nothing if you do not. Therefore, you need to buy it for as many years as you think you need the coverage. Incidentally, you can buy it for:

• 1 year
• 5 years
• 10 years
• 15 years
• 20 years
• 25 years
• 30 years

The yearly renewal policies are the simplest type of plan. You buy it for a year and if you die within that year, your beneficiaries get the death benefit. If you do not die, you will have to insure yourself at a higher rate. As there is very little chance of a healthy man dying within a year, one is required to pay a very low premium. These types of policies are suitable if you have a short term need, like a hefty consumer loan or children's collage education.

Some insurance domain experts advise you to buy this policy and invest the rest of your money. Now the question arises; what is the main difference between term and permanent insurance. The main difference and the most important difference to most people all over the world is the cost of the term life insurance. As of today, a 20 year level term insurance policy is approximately one fifth to one fifteenth of the cost of the permanent insurance plans.

The motivating force behind the term life is its cheap rates. It is so much cheaper than the permanent life policies. The permanent rates are in fact fifteen percent or so more than the rates of the term with a level period of thirty years. However, people do not pay at a higher rate for nothing. A permanent insurance provides many benefits which term life does not.

So, if you are looking at this as well as savings, term insurance is not what you need, but permanent is what you need. This is very cost effective and tends to match up or pair up with the needs of many people who are looking at cheap life insurance. To understand the difference between term and permanent, let's take two examples.

Any intelligent reader will understand why the permanent policies are so expensive. You can call them an investment opportunity which also provides death benefit. In deed, many people treat them as investment options only. If you are not one of them and need life coverage as well as some investment opportunity, and yet cannot afford a very high rate, buy a term and investment the difference wisely in some mutual fund.

Many people buy term for protection and then invest the difference in other saving opportunities. This technique is especially suitable for those who have a variable income. If you are around 35 years old and want to buy a whole insurance with one million dollar as the face value, you will have to pay a premium of around $5000. If you buy a term life for 30 years for the same amount, you will be required to pay a premium of $800 approximately.

That is why it is necessary to know about all the available plans before deciding what to buy. For that purpose, contact some reliable broker and get acquainted with all the available plans. Moreover, discover your own need and try to take stalk of your financial situation before going to buy a plan. It is of prime importance. Be sensible. Ignore your heart and let your head talk instead.

David Livingston has been involved in the insurance industry for a long time and is considered to be one of the leading expert in this industry. For more information on how to get affordable life insurance or getting life insurance quotes, visit his site today.

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