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Online Life Insurance Rate — What Agents Don’t Want You To Find Out
December 12th, 2009 by admin
Although you can save and attract cheap online life insurance rate by downgrading your coverage, it is not advisable if it puts you at risk. I’ll share a better way…
There was this man who only smoked a cigar once yearly to mark great occasions and he went ahead and told his medical examiner just that. His thought was that since he just smoked about just once a year and made this clear to the medical examiner, this wouldn’t factor negatively on his life insurance rate.
He was mistaken as the insurance company he chose decided to give him similar rates with a two-pack-a-day man They gave him a rate that was so high it was about twice as high as non-smokers’ rates.
He could have just settled with the rate he got just like most folks do. He wouldn’t accept that on his part because he reasoned that smoking only once annually didn’t make as bad a risk as those who smoke two packs everyday
He wrote the insurance company demanding that they give him a non-smoker’s rate on account of the fact that he just smoked a cigar about once every year In summary, he finally had his rate lowered by up to 50% after weeks of negotiating
There’re many life insurance companies out there and they’re all competiting to do business with you This is something you should take advantage of especially when you have a good case If you can show an insurer that you are NOT as bad a risk as they thought you were, they can reduce your rate.
Bearing this in mind if you have cogent reasons to believe you really should pay less, don’t be afraid to ask your insurer. This doesn’t suggest in any way that you should give false details in other to negotiate a better rate. Doing so might compromise your life insurance policy because your insurance provider could simply opt to pay your beneficiaries the total of premiums paid plus accumulated interests only