The One Thing You Need to Know to Get the Lowest Price on Life Insurance Nobody likes to think about worst-case scenarios. But, if you have a family that depends on you, you have to make sure they are taken care of in the event you are not around for them. And, for most Filipinos, one form of protection stands out as the most affordable and easiest to secure—term life insurance. Today, a man or woman in excellent health in their mid 30’s or 40’s can buy Php100,000+ of term life insurance for under a peso a day for a 10 year policy.* Plus, you can buy coverage for 10, 15, 20, or 30 years — however long you need it. Better yet, in most cases, term life insurance proceeds are tax-free. There are many term life insurance companies offering quick online quotes. The problem with many of them is that they are misleading. The consumer is asked to fill out a quick form and then issued a really attractive term life offer. However, after they complete a full application process for the policy, they learn that the rate will actually be higher than what they were quoted. It’s all too common and extremely frustrating. So, what actually goes on behind the scenes? In reality, the price for term life insurance is primarily dependent on one key factor – how likely you are to survive through the end of the policy. Therefore, insurance companies take into account your medical condition and history, lifestyle habits, age, and other factors. And, while it’s possible to buy term life insurance without a medical exam, you will end up paying more for it because the insurance company is taking a bigger risk insuring you. So, what is the best approach? A good option is to try a service called SelectQuote. Why SelectQuote? There are hundreds of insurance companies out there, and many specialize in insuring people with different risk profiles. What makes SelectQuote so much better is they get to know you personally by first creating a unique risk profile of you, and then accessing quotes from the companies they represent that specialize in being-ultra competitive in providing coverage for consumers with your exact profile. This is how they find you your best rate and deliver the most significant savings. It’s a great way to avoid the trap of filling out online applications that lead to over-priced policies from insurers that are not the most efficient at servicing people like you. SelectQuote pioneered the direct marketing of term life insurance—providing unbiased price comparisons of your best rates from the highly-rated term life insurance companies they represent. When you work with them, you get a personal SelectQuote agent who is dedicated to diligently shopping for your best prices from the trusted companies they represent, and going to bat for you every step of the way. SelectQuote’s breakthrough technology makes buying term life insurance easy and quick. And as a result, today, they are Philippines #1 term life insurance sales agency. (Quoted from: How Life Works/22june13/1745)
Posted on: Sat, 22 Jun 2013 15:47:23 +0000
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