Dallas Life Insurance
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Q: What are some of the factors to reduce the cost of term life insurance?
A: Some factors that has helped to greatly reduce the cost of term life insurance rates is the price transparency that is seen when comparing rates online. Increased price competition and ease of comparison has made for some very cheap rates. Term life insurance is less because there is no investment element, term life insurance is the cheapest life insurance out there.
Q: I am overweight and my sister is underweight will this effect our rates on life insurance?
A: On the other side of losing weight is gaining weight. There are some people who do not weigh enough. If an applicant has a low BMI, they may be unhealthy. By gaining weight and having a new physical, your life insurance company may help you with your rates by lowering them due to the lowered risk.
Something else that can lower your rates is to lose extra weight. If you are over a certain percentage of your BMI (body mass index) number, you will be charged more for life insurance premium. Being overweight is seen as a health risk, and the rates given by the insurance companies will reflect that. Because you have the ability to ask for a new physical at any time, you may be able to show the company your weight loss and hope for a lower rate.
Some companies do offer incentives for losing weight in the terms of lowering your term life insurance rates. If they do not, you may want to consider another company.
Feb 3
Term life insurance is the least expensive way for you to provide financial security to your family. Competitive term life insurance rates are readily available . The best place to look is as close as your computer.
Though most people are not aware of this, death is expensive. You must consider funeral costs (thousands of dollars); debts; medical costs; estate costs; and death taxes (yes, even after you die, you will owe taxes). When all is said and done, these costs can total thousands of dollars – even more if you happen to have a lot of debt. Why buy life insurance? Aside from all of the costs associated with your death, life insurance can also provide a bit of a legacy after you die.