Life Insurance Costs - Check for Volume Discounts

Given the right set of circumstances, at times you may be able to pay less for term life insurance by purchasing more. That’s because most life insurance companies charge less per $1,000 of coverage as the amount of life insurance increases.

These discounts occur in a couple of ways. First, some term life insurance products are only available at higher minimum amounts of protection. For example, American General’s Select -A- Term product requires a minimum face amount of $250,000. Other competitive term life insurance products may have even higher minimum amounts ranging from $500,000 to $1,000,000.

Life Insurance Quotes - Height and Weight Need To Be Accurate!

A recent shopper at 1stQuote.com completed his quote request indicating that he was 6′1″ and weighed 200 lbs. He had no medical issues, did not use tobacco and was shown rates based on a super preferred no-tobacco classification. The 20 year $600,000 policy he selected was priced at $302.00 per year.

When his medical exam was completed his height and weight were measured at 6′0″ and 210 lbs. The one inch and 10 pound difference changed his health classification from super preferred to preferred rates and his annual premium from $302.00 per year to $ 422.00 per year.

Efficient Funding of Term Life Insurance Policies

Let’s say you are 43 years old and you have seventeen years until your children are out of college and your mortgage is paid in full. You want to buy $500,000 of term life insurance to cover these expenses and leave some funds for supplemental income.

When you get quotes on-line you quickly discover that you can get either level premiums guaranteed for 15 years or for 20 years. Since 15 years doesn’t go far enough, you decide on a 20 guaranteed policy with the assumption that you will cancel it at the end of 17 years. Your annual cost for coverage at preferred rates will be $605.

Can I Buy Life Insurance with High Blood Pressure (Hypertension)?

The short answer is YES! In fact, if your high blood pressure is very well controlled with medication and there are no other health or family history factors, you may be able to buy life insurance at preferred or even preferred plus rates.

Surprisingly, we have many clients who are being effectively treated for both high blood pressure and high cholesterol and have received preferred and preferred plus rates.

If you run a personal term life insurance quote, the best rate illustrated will probably be a preferred rate classification. However, at the end of the underwriting process you may actually receive a preferred plus or preferred best rating - and even lower life insurance costs than originally quoted.

What’s In A Name - Get Anonymous Life Insurance Quotes

In looking through the 1000’s of term life insurance quote and shopping sites it’s amazing that many require the shopper to provide a name, address, phone numbers and email address to obtain an instant quote.This personal contact information is not needed and has no impact on the term life insurance rates provided.

In their review of life insurance quote sites, Consumer Reports Money Adviser said:

“Many insurance sites will give you quotes only if you give them personal information and agree to have an agent contact you. We looked for sites that give you instant quotes online and leave it up to you to contact them if you’re interested in purchasing a policy.”

1stQuote.com and a number of other quality term life insurance shopping sites do not require your contact information to provide term life insurance quotes and pricing comparisons. You can get the life insurance pricing and company data you need without being contacted by the shopping site or having your information sold to other insurance agents and agencies.