Affordable Life Insurance Rate — A Trick Agents Don’t Ever Want You To Find Out
January 16th, 2010
Some recommendations cutting down your costs and attracting affordable life insurance rate could reduce the quality of coverage you get and are, therefore, NOT wise. Here’s a safer way…
During a medical exam, a man told the doctor that he smoked a cigar about only once anually to mark great moments. His thought was that since he just smoked about just once every year and made this known to the doctor, this would NOT have any negative effect on his life insurance premium.
His insurer had a different opinion and offered him the same rates as if he were a chain smoker They gave him a rate that was so high it was roughly two times as high as rates given to non-smokers.
He could have just accepted the rate given to him just like some folks do. However, he thought otherwise: Taking a cigar once yearly didn’t make him as bad a risk as chain smokers
He wrote the insurance provider asking that they offer him a non-smoker’s rate because he only smoked a cigar about once every year In summary, he finally had his rate reduced by up to fifty percent after weeks of negotiating
There are lots of life insurance companies out there and they’re all competiting for your business This is something you need to use to your advantage especially when you have a good case Insurers are only concerned with ensuring that your premiums shows your risk to them
Always remember that if you have cogent reasons to believe you really should get cheaper rates, don’t be afraid to ask your insurer. And, while you’re advised to negotiate, make sure you never give details that are less than true You will be at the mercy of your life insurance carrier if you provide them with misleading details about yourself as they are free to NOT pay according to policy terms if information given during application is false.
Entry Filed under: Business