Term life insurance: Money-saving tips (they do exist)!
Term life insurance is the most affordable way to protect your family's future. As inexpensive as term life insurance is, there are money-saving tips that will ensure you are paying only what you need. Get the most value for your dollar by checking out the following helpful tips that will save you money while still getting great protection.
1. Get coverage early ? the sooner you buy life insurance the less your annual premiums:
Some people are gamblers by nature and choose to take their chances by skipping out on life insurance.
Although it is unlikely you'll die during your working years, you're not insuring for what's likely to happen but instead, for the worst-case scenario. That's why term life insurance costs less the younger you are. It is also why you should buy it sooner rather than later?because you'll be providing financial security without spending a lot of money for it.
For example, if we look at the cost to purchase a $250,000 Term 10 life insurance policy you'll see how delaying purchasing a policy by just a few years could cost you more in annual premiums.
For male non-smokers*:
A 35 year-old may get quotes for as little as $195 per year for a 10-year total cost of $1,950.
A 40 year-old may get quotes for as little as $263 per year for a 10-year total cost of $2,630.
A 45 year-old may get quotes for as little as $373 per year for a 10-year total cost of $3,730.
For female non-smokers*:
A 35 year-old may get quotes for as little as $165 per year for a 10-year total cost of $1,650.
A 40 year-old may get quotes for as little as $210 per year for a 10-year total cost of $2,100.
A 45 year-old may get quotes for as little as $270 per year for a 10-year total cost of $2,700.
* Lowest quote online from February 2006 for a Term 10 policy, one of the most popular life insurance products in Canada.
Premiums shown are the rates if paid annually.
2. When your age isn't really your age:
Your next birthday may be 6 months away but in the eyes of most life insurers you've already hit that next magical number. When you get a life insurance quote, the rate you are given is based on the age you are closest to which, 50 per cent of the time is your age at your next birthday. It's a term called "Age Nearest", and that half-year price increase could really add up. See the difference yourself.
For male non-smokers*:
A 39 year-old may get quotes for as little as $248 per year for a 10-year total cost of $2,480
A 40 year-old may get quotes for as little as $263 per year for a 10-year total cost of $2,630.
A savings of $150
A 44 year-old may get quotes for as little as $345 per year for a 10-year total cost of $3,450.
A 45 year-old may get quotes for as little as $373 per year for a 10-year total cost of $3,730.
A savings of $280
For a female non-smoker*:
A 39 year-old may get quotes for as little as $200 per year for a 10-year total cost of $2,000
A 40 year-old may get quotes for as little as $210 per year for a 10-year total cost of $2,100.
A savings of $100
A 44 year-old may get quotes for as little as $255 per year for a 10-year total cost of $2,550.
A 45 year-old may get quotes for as little as $270 per year for a 10-year total cost of $2,700.
A savings of $150
* Lowest quote online in January 2006 for a Term 10 policy. Premiums shown are the rates if paid annually.
3. If you're a smoker ask about incentive programs aimed at helping you quit:
While not all life insurance companies offer incentive programs to help you quit, some do and could save you money if you are thinking about buying life insurance and quitting smoking. For example, one such company will refund you an amount equal to the difference between the premiums you already paid as a smoker and those you would have paid had you not smoked. What's more, once you quit smoking, this same company will adjust your premiums to non-smoker rates based on the age you were when you purchased the policy, not the age you are at the time you quit!
4.
Check out your payment/billing options:
Many life insurance life insurance companies offer discounts to consumers who pay their annual premiums up front. If you have the money handy, you could save up to 10 per cent of your policy's premium each year. For example:
? A 35 year-old male with $250,000 in coverage can pay $195 up front per year for life insurance coverage. If paid in monthly installments, however, the annual premium jumps to about $215. Paying up front can save this person $20 per year!
? A 40 year-old male with $250,000 in coverage can pay $263 up front per year for life insurance coverage.
If paid in monthly installments, however, the annual premium jumps to about $288. Paying up front can save this person $25 per year!
? A 45 year-old male with $250,000 in coverage can pay $373 up front per year for life insurance coverage. If paid in monthly installments, however, the annual premium jumps to about $407. Paying up front can save this person $34 per year!
Life insurance made even more affordable:
With these money-saving tips in hand, Term Life insurance is more affordable than ever. There is no better time than now to get the coverage you and your family need..
term life insurance service provides instant online quotes from some of Canada's most recognized and trusted life insurance companies.
Life Insurance Beneficiaries
Naming a beneficiary for your life insurance policy can be a difficult decision to make, not to mention a tricky procedure. A person needs to research the different types of beneficiaries and the different ways to go.In naming a life insurance beneficiary, a person should always specifically name and individual or organization and state the proceeds go to the beneficiary. Multiple beneficiaries may also be another option to your life insurance policy. There is no limit to the number of beneficiaries on a life insurance policy. But, again, they need to be specifically named and the proceeds that they are to receive are to be indicated on the policy.A contingent beneficiary is the person to whom a person bequeaths their assets to in the event that their primary beneficiary also dies.
It is extremely important to ad a contingent beneficiary to your life insurance policy. If there is not one named and the primary beneficiary does die, allot of unnecessary taxes and fees will be charges...
Life Insurance Beneficiaries
Term life insurance > Life Insurance Beneficiaries
(Long Term Care Insurance) ?LTCI? You May Not Even Know What it is? But There?s a 50% Chance That You?re Going to Need it.
(ContentDesk) November 25, 2004 -- Although it's been around for more than 35 years, LTCI is perhaps the least understood product in the insurance family. Only 6% of Americans have it. Yet a full 50% of us will need long term care at some point over age 50.What exactly is long term care? It's the assistance you may need if you become unable to care for yourself because of prolonged illness or disability. LTCI provides coverage for such care, whether received in a nursing home?or in your own home. And as the American population ages, the need becomes more real.
Today, there are an estimated 35 million Americans age 65 or over. By 2030, there will be 18 million Americans over the age of 80. Baby boomers are just beginning to understand the importance of long term care.One of the myths of long term care is that Medicare will foot the bill. But Medicare pays just a very small percentage of nursing home care. And eligibility is very restrictive.Like health insurance, LTCI offers tax...
(Long Term Care Insurance) ?LTCI? You May Not Even Know What it is? But There?s a 50% Chance That You?re Going to Need it.
Term life insurance > (Long Term Care Insurance) ?LTCI? You May Not Even Know What it is? But There?s a 50% Chance That You?re Going to Need it.
Term Life Insurance Quotes for Singles
Term life insurance quotes are rarely a concern of single people, but they should be. Unfortunately, there is a misconception that term life is something owned only by families in the event that the chief breadwinner dies.Term life insurance quotes and policies should be on the minds of everyone, not just parents and families, for a couple of reasons.Mortgage Life InsuranceWhile people are still getting married and buying homes, the same is true of many single people. For single individuals who own a home, getting life insurance through comparison shopping is important.If a property owner dies without insurance, the bank who handles the mortgage, would take back the home and sell it as quickly as possible in order to recoup their loss. Imagine how heartbreaking that could be for the person's family.However, if the owner had simply investigated the cost of a term life policy, he or she could have found an affordable policy that would have allowed their loved ones to pay off the mortgage...
Term Life Insurance Quotes for Singles
Term life insurance > Term Life Insurance Quotes for Singles
Life Insurance Beneficiaries
Naming a beneficiary for your life insurance policy can be a difficult decision to make, not to mention a tricky procedure. A person needs to research the different types of beneficiaries and the different ways to go.In naming a life insurance beneficiary, a person should always specifically name and individual or organization and state the proceeds go to the beneficiary. Multiple beneficiaries may also be another option to your life insurance policy. There is no limit to the number of beneficiaries on a life insurance policy. But, again, they need to be specifically named and the proceeds that they are to receive are to be indicated on the policy.A contingent beneficiary is the person to whom a person bequeaths their assets to in the event that their primary beneficiary also dies.
It is extremely important to ad a contingent beneficiary to your life insurance policy. If there is not one named and the primary beneficiary does die, allot of unnecessary taxes and fees will be charges...
Life Insurance Beneficiaries
Term life insurance > Life Insurance Beneficiaries
Affordable Term Life Insurance
Depending on your age, you may find that term life insurance works best for your situation. Term life insurance is ideal for younger people with families to support. In fact, term life insurance should be the most affordable option for you until you reach the age of 50, at which time you should strongly consider going with a life insurance policy that has no term limits ? such as a whole life policy.
Affordable term life insurance should replace the income that you would have provided had you lived to retirement age, at the very least. With this type of coverage, you can be sure that you meet your family's financial needs after you have passed away, in the event that you die at a younger age. Nobody likes to think that they may not live to be old ? but this does happen, and the most loving thing you can do for your family is to plan for that event in advance, and then try to prevent it from happening.
Term life insurance will help pay mortgages and other household...
Term life insurance > Affordable Term Life Insurance
Life Insurance Benefits
Life Insurance is a legal contract between you and a life insurance company with the purpose of providing an income to spouse, children or other beneficiaries in the event of your death. There are two different categories of Life Insurance. Term Insurance is designed to provide death benefits for a specific time period. It is set up to pay a death benefit if a person should die in this specific time period. The most common term for life insurance is 20 years.
Term Insurance has many benefits: it is relatively inexpensive to purchase initially. The reason for this is because your only paying for this death benefit if the death occurs during this specific time period or "term". Term life insurance is great for young couples just starting a family. It is affordable and offers high levels of coverage.The drawback to Term life insurance is that when you initially start out, your payments are low and coverage is high, but at the end of your 20 year term you decide you still need coverage...
Life Insurance Benefits
Term life insurance > Life Insurance Benefits
SBLI USA Mutual Life Insurance Company, Inc. to Host Local Events in Support of Second Annual Life Insurance Awareness Month
Buffalo, New York (ContentDesk) August 31, 2005 ?- SBLI USA Mutual Life Insurance Company, Inc., a financial services company committed to the financial empowerment of all people, will host several health events in September to support the second annual Life Insurance Awareness Month, coordinated by the nonprofit Life and Health Insurance Foundation for Education (LIFE).
Life Insurance Awareness Month was created to help Americans understand what life insurance is and what it can do for them.
SBLI USA hopes that greater awareness will help lead to improved financial security for millions of families.SBLI USA is a national financial services company serving value-conscious consumers and underserved markets. The Company's mission is to empower customers and provide them with the education and tools they need to help take control of their financial destinies.
"We are proud to be officially participating in Life Insurance Awareness Month," said Lynette Gott, manager...
Term life insurance > SBLI USA Mutual Life Insurance Company, Inc. to Host Local Events in Support of Second Annual Life Insurance Awareness Month
Long Term Care Insurance and Suze Orman - The Ongoing Controversy
Copyright 2006 Clay Cotton
Long term care insurance is an obvious "must-have' for Americans with assets and families to protect and with discretionary income to afford the premiums.
While Suze Orman publicly promotes this coverage as the foundation of your financial plan, we wonder if she ought to put even MORE emphasis on LTCi protection
People all-too-often assume that long term care is just for the elderly, and
it's shocking to learn that over 40% of nursing home residents are currently under age 65.
In fact, because of my advanced Multiple Sclerosis, I would be in a nursing home right now if I had LTCi coverage to pay for it, and if my beloved wife, Kimberly, would agree to let me out of her sight.
In any case, while Suze Orman is clearly America's most popular financial advisor, she is also America's most visible proponent of long term care insurance.
This is a good thing for all of us since, of every...
Term life insurance > Long Term Care Insurance and Suze Orman - The Ongoing Controversy
Preplanning Your Funeral Saves Loved Ones Stress And Money
"Planning our own funeral is a task few of us wish to tackle. Yet funerals can be a major expense for many families, and advance planning can save your estate money and your loved ones a lot of emotional stress.
Here are a few tips for preplanning a funeral so that you have the funeral that you (or the terminal person you are planning it for) desire at the best price.
The average cost for a funeral, according to the National Funeral Directors Association, is $6,500....
Term life insurance > Preplanning Your Funeral Saves Loved Ones Stress And Money
Protect Yourself and Your Loved Ones From Carbon Monoxide Poisoning
Carbon monoxide poisoning is responsible for at least 400 accidental deaths and over 5,000 people are treated in hospital emergency rooms per year. Unfortunately, carbon monoxide poisoning is often misdiagnosed as flu, food poisoning, allergy/asthma or chronic fatigue syndrome. Children, the elderly, individuals with respiratory problems and pets are at risk, even at low levels. Symptoms of carbon monoxide poisoning are; headaches, nausea, drowsiness, vomiting, tiredness, pain, cramps and sleep...
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Term life insurance > Protect Yourself and Your Loved Ones From Carbon Monoxide Poisoning
?2004 QUEEN WEST ART CRAWL - Outdoor Art Show and Sale?
You've got the Guava Daiquiri of the Party Gods chilling, the Milt Jackson spinning and the Herman Miller cushioning. Now you just need the Sarah Bradbury original you ordered!Come to Booth #58 to discover more of Sarah Bradbury's original and funky paintings.Sarah's paintings have recently been on display at A.W.O.L. and Sis Boom Bah Galleries in Toronto as well as at the Multicultural Art Gallery at Pier 21, Halifax, Nova Scotia.Sarah was born in Toronto, Ontario, Canada in 1970. In 1994,...
party Term life insurance: Money-saving tips (they do exist)! ?2004 QUEEN WEST ART CRAWL - Outdoor Art Show and Sale? Term life insurance
Term life insurance > ?2004 QUEEN WEST ART CRAWL - Outdoor Art Show and Sale?
florist Term life insurance: Money-saving tips (they do exist)!
THE FINAL INSPECTION
Dedicated to the National Guard Soldiers and Troops deployed around the world. Serving Our Country with Pride and Honor. May God bless you and keep you. Adapted from the original, author unknownTHE FINAL INSPECTIONThe Guardsman stood, and faced his God,We know must come to pass.He hoped his boots were shining,As brightly as his brass."Step forward now, you soldier,For now I deal with you""Have you loved your enemies as yourself?And to My Church, have you been true?""Not in trueness, Lord, I guess...
Term life insurance: Money-saving tips (they do exist)!
Term life insurance > THE FINAL INSPECTION
Laser-Hair-Removal-Chicago Provides Information New Technology
(ContentDesk) August 26, 2005 -- New breakthrough laser technology can get rid of unwanted hair, quickly, easily and now with proven long-term results. One hate shaving, tired of putting up with painful waxing, tweezing, depilatory creams, and all of the time that removing unwanted facial or body hair can take, laser hair removal may be the answer to those. Getting rid of unwanted hair can be painful and time consuming. Until now, the only options for removing unwanted hair were smelly hair removal...
Term life insurance: Money-saving tips (they do exist)! electrolysis
Term life insurance > Laser-Hair-Removal-Chicago Provides Information New Technology