Compare Life Insurance Rate — What Agents Don’t Want You To Know
December 22nd, 2009
There are many issues that would be of help as you obtain and compare life insurance rate or estimates. Here’s one: You can bring down your costs considerably and obtain affordable life insurance quotes by compromising the scope of coverage you enjoy. That’s NOT advisable. Here’s a better way…
During a medical examination, a man told the doctor that he smoked a cigar about only once yearly to mark great occassions. His thought was that since he only smoked about just once yearly and made this clear to the doctor, this wouldn’t factor negatively on his life insurance rate.
His insurance provider had a different view and offered him the same rates as if he were a chain smoker His rate was at least two times as much as what non-smokers were given to pay
Ordinarily everyone would accept their fate and the rates given once they know the insurer in question has a good reputation However, he thought otherwise: Smoking once yearly did not put him in the same position with two-pack-a-day smokers
He wrote to his insurer demanding that they reduce his rate to that of a non-smoker considering that he only used the cigar to mark special events probably once a year His reason was finally accepted by the insurance provider and his rate was lowered by 50%.
It is an unchanged truth that competition in the life insurance sector is stiff You can, and should, benefit from this any time you think you have a cogent reason that should make you pay less Insurers are only concerned with ensuring that your rates shows your risk to them
Therefore, don’t be afraid to bargain if you think you really do have a case And, while you are encouraged to negotiate, make sure you never disclose details that are less than true You’ll be at the mercy of your life insurance carrier if you provide them with misleading details about yourself as they’re free to NOT pay according to policy terms if information you gave during application is false.
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