Buy Term Life Insurance — What Insurance Providers Don’t Ever Want You To Discover
Even though you can make savings and buy term life insurance affordably by downgrading your coverage, it is not advisable if it compromises you and yours. Here’s a safer way…
During a medical examination, a man told the doctor that he smoked a cigar about only once anually to mark special occassions. He was sure that since he had made it known that he just smoked a cigar once annually to mark great events, it will NOT be a problem
The rates he was given showed that his insurance carrier had a different view of his once-in-a-while smoking. He was given a rate that was more than twice that for non-smokers
Usually everyone would accept their fate and the rates they get if they know the insurance company in question has a good reputation He would not accept that on his part since he reasoned that smoking just once every year did NOT make as bad a risk as people who smoke two packs everyday
He wrote the insurance provider demanding that they offer him a non-smoker’s rate since he just smoked a cigar about once yearly His position was finally accepted by the insurance carrier and his rate was lowered by fifty percent.
There’re many life insurance providers out there and they are all competiting for your business This is something you need to use to your advantage mostly when you have a good case Insurers are only concerned with ensuring that your premiums shows your risk to them
So if you have a good reason to ask for cheaper rates, ask. The worst that would happen is that they will NOT reduce your rate Nevertheless, make sure that you do NOT misrepresent the facts to make yourself look like a better risk than you are Doing so will compromise your life insurance policy as your insurer could just opt to pay your beneficiaries the total of premiums paid in addition to accrued interests only
