hi, life insurance rock star here with fivetips on how you can find the best term life insurance. okay tip number one, beware ofpayment plans. payment plans might not seem like that big of a deal when you’re shoppingfor term life insurance but when you're buying term life insurance, payment plans mean a lot.i’ll give you an example. you might look for a policy and get quoted a price of saytwo thousand dollars a year but when all of a sudden the monthly bill comes, it’s muchmore than two thousand divided by twelve. well, why is that? the further away from annualpay you go the more money you’re actually paying. you could be paying sometimes betweenten and twenty dollars per month if you’re on a monthly payment plan. so in summary fortip number one, pay annual, don't pay semi-annual,
don't pay quarterly, don't pay monthly becauseyou end up spending more money than you need to. pay annually. okay tip number two, bewareof personal information. i know; what does that have to do with how much you pay forterm life insurance? it has a lot to do with it. let me explain. when you hit a web page,and that's how most people start out by shopping for term life insurance, they will be askedfor some information. what's your zip code? what state do you live in? sometime they’llask you more questions like, what's your social security number. all sorts of informationthat they do not need to quote your personal term life insurance. why are they asking allof this information? they're trying to lure you in. you don't need to play that game.believe it or not, you only need basic information
to quote term life insurance. we need to knowyour age, we need to know your general health status and we need to know the amount of coverageyou want to have and of course how long do you want the term policy to remain enforce. that’s it. we don’t need your social security number, we don't need to know what state youlive in, give or take that one’s a little bit of an asterisk, but for the most part,so beware of the insurance companies, any agents and the online site that are tryingto gather a lot your personal information. they’re just trying to hook you. they don'tneed that information to quote it and you don’t have to give up that private personalinformation. hi, okay tip number three, beware of terminology. now what does that mean? thatmeans you might go to one insurance company
or one agency or one website and you mightbe called a preferred risk. what does preferred mean? nothing, it's just terminology. it’sjust something that an insurance company or an agency has come up with to try and makeyou feel special because one insurance company might consider you preferred, another mightconsider you super-preferred, another might consider you super-plus-preferred. doesn'tmean anything. they’re just sales terms, so don't get suckered in by thinking, heyi'm getting the preferred plus rate with one insurance company there can't be any better,because you might find an insurance company that calls the same price super-preferred.again, pay attention to the price. tip number four, beware of the super-preferred rate thatyou're seeing on the screen. did you know
that only seven percent of the people thatapply for term life insurance actually get the rate that they applied for if they'reapplying for the insurance company’s least expensive rate; seven percent. that meansthat ninety-three percent of you out there when you apply for term life insurance andyou get the rate on the screen, you're not getting that rate. of course the insurancecompanies are going to show you their absolute best possible rate but it only seven percentof people can actually qualify for that, is that really the rate you should be expecting?no, you shouldn’t. again, beware of the quoted rate versus the rate you're going toactually get. you might be in that ninety-three percent and that's not going to be the pricethat you end up paying. tip number five, be
sure you're comparing apples to apples. nowi know that sounds obvious but believe it or not it’s not always that easy when you'reshopping for term life insurance online. you want to be sure if you're comparing a twentyyear term with one company to a twenty year term with another company. be sure that bothof those terms give you all of the same provisions. for example, one term policy might give youthe ability to convert into a permanent policy without proving that you're healthy, whereasanother term policy might not give you that option. that option is worth a lot of money.so you need to be careful. it’s not just the dollar you see. you need to be sure you'recomparing apples to apples. thanks for watching. if you have any questions, feel free to reachout to me at lifeinsurance.rocks and we'll
see you soon. thanks. brought to you by thelife insurance rock star at www.lifeinsurance.rocks.
0 Response to "online insurance"
Post a Comment