Find Life Insurance Online

You are now in the third step of your quest for affordable life insurance. By now you should have decided whether you want a term life insurance policy or a whole life policy or a combination of both. You should also have determined the amount of coverage that you will need to properly cover your situation.

Now you are ready to start getting quotes to find out more specifically what your options are. The first thing you should do is get together all of the information you will need to answer all the questions so that you can get an accurate quote. Some of the information you need will be obvious; your name, gender and age are the standard information to start a quote.


Most companies will also want contact information; phone number and address. In most cases they will also request some information that might not seem so obvious if this is your first time requesting a life insurance quote. In many cases they will also request your height and weight. With this information they will calculate your Body Mass Index and if this number is outside of what is considered the norm you may find that you have to pay a higher premium.


The reason for this is that it has been medically proven that overweight people have a statistically higher rate of many disorders that increase the risk of an early death. You will be asked if you smoke, and frequently how often and how much alcohol you drink. The reason for both of these questions should be obvious; it is a well-documented fact that cigarette smoking is a contributing factor in many life-threatening disorders. Excessive alcohol consumption is also well known to lead to some serious health complications.


 You may also be questioned about your line of work. This can also affect your rate if you work in what is considered a high-risk industry. The insurance companies consider you to be at a higher risk of accidental death. They may even enquire about your hobbies and activities. If you regularly participate in what are considered to be high-risk activities you might be looking at a higher premium. Some things that they may consider high-risk activities are: rock climbing, skydiving and hang gliding.


 The next area that you can expect to answer a lot of questions about our past health issues. Don't think that just because you have not had any health issues that you are safe, they will also ask about your family health history at least two generations (grand parents) back. They will want to know if you have suffered from seizures, cancer, heart disease, diabetes, liver dysfunction just to name a few. They will also need to know your family health history for many of the same disorders.


You will be asked about any major surgeries, including when they happened and what they were for. If you personal or family health history could be an issue or if you participate in activities that are considered risky you might be tempted to be less than truthful on your application. Resist the temptation; any failure to honestly disclose your health history and life style could put your pay out at risk when your family needs to collect.


You could end up leaving your family completely unprotected if you are not honest on your application. Get your information together and be sure that you have the answers to all the most common questions and then it is time to start finding a quote.

Read Full Article, Click Here Now ....

Life Insurance. Do You Need Life Insurance?

Life insurance, also known as term assurance, is a popular form of insurance that people get so in the event of their death, their family and dependants will be able to cope financially. However, not everyone has a family and children, so do they need it? Read on to find out more.

 Put simply if you don't have debts (like a mortgage, credit cards, loans) and you have no dependants, then you probably don't need life insurance. If you die and you do have debts, it is your next of kin that will be faced with paying the debts off, and also paying for your funeral, which generally cost at least 1000. So even if you don't have dependants, but you do have debts, then it is probably a good idea to get life insurance so you're not potentially leaving a member of your family with the responsibility for paying the debts off for you. Because unfortunately, just like a sum of money can be inherited, so can a debt.


 Many mortgage companies require you to get life insurance so the mortgage is covered if you die. A particular type called mortgage life insurance is a popular choice for people with repayment mortgages as the premiums go down over time as the mortgage debt decreases. However some people leave it to chance, so if they did die, the dependents would probably need to either sell the house, or continue the mortgage repayments themselves.

 There are choices to be made on the way you want your life insurance to work too. There are three types: level, decreasing and renewable, and they all charge you differently. Level term assurance means that the premium and sum covered stays the same, so it's good for those with interest only mortgages or those who want to leave a lump sum behind.


 Decreasing term assurance decreases year by year in line with a repayment mortgage as the sum you are insuring is going down. It's not the choice for those who want to leave a lump sum. Renewable term assurance offers insurance for a short period of time, usually between 5 and 10 years. You have the option to renew at the end of the term but it will be a lot more expensive, which is the downside to this type.

You can insure quite large amounts however, and the premiums are usually quite low for the initial policy. If you decide that you do want to leave a lump sum behind, then think about how much your dependents would need to maintain the same standard of living. For example, your yearly salary would be a good indication.


Then multiply that amount by the number of years that you think they will need to be financially supported and that's the amount you need to insure for. Don't listen to the life insurance company's estimation of how much cover you need, they invariably overestimate by a large margin. Life insurance doesn't have to be expensive either. A 35 year old man wanting 100,000 worth of cover for 20 years can be covered for less than 8.50 a month from insurers like Sainsbury's, Virgin Money, Asda, AA and Egg and a number of other big name insurers like Norwich Union, Standard Life and Legal

Read Full Article, Click Here Now ....

Life Insurance - A Beginner's Guide

When it comes to life insurance we have two primary types of policy to choose from term life insurance or whole of life insurance. Many people find it hard to come to a decision about which type of policy to take out but the decision you have to make really isn't that complex and both will offer good levels of cover for the majority of people. Let's take a closer look at your options. The most popular type of life insurance is, without a doubt, term life insurance. This kind of policy will be set out to last for a specified 'term' i.e. it will last for a set time period. So, you can take out a life insurance term policy for 25 years, as an example. During this 25 year period you will make your policy payments and you'll have the protection of the policy if you die. So, your next of kin can claim against the policy in the event of your death. But, at the end of the 25 years your policy will be finished and you'll get no further protection from it. Many people opt to take out a term life insurance policy because they know that they will no longer have a great need for insurance at the end of the specific term. For many people this kind of policy will end at around the time that they retire so their mortgage will probably be repaid, their families will be grown and they won't need to make provision for their family to have such a large lump sum or income if they die. So, a term policy can suit them very well indeed, giving them cover during the years when they really need it and finishing when they don't. A whole of life policy, on the other hand, will suit those of us who want protection for the rest of our days. This kind of life insurance is designed to last until you die so you'll be covered in the short, medium and long term. A lot of people who opt for this kind of life insurance do so because it can be set up to help with issues such as inheritance planning, although many people simply prefer to get cover that is guaranteed to make a payment at some point so that they feel that they are getting some return on their policy payments. There is a guarantee of payment with a whole of life policy that isn't there with a term policy. Once your term policy is finished that really is it you are only guaranteed a payment if you do die while the policy is in force. Many people make their choice here based on their budget. The fact that a term life insurance policy may not ever make a payment (i.e. the fact that you will probably survive your policy) means that insurers can offer lower costs. A whole of life policy with its guaranteed payment at some point is consequently more expensive. The choice you make here will be a personal one and may well depend on your financial circumstances. The vital thing to remember is that some form of life insurance cover is vital for most of us especially if we have a family to consider and we can consequently get great protection from either kind of policy at the end of the day.

Read Full Article, Click Here Now ....