Life Insurance

Monday, March 20, 2006

Term Life Insurance Rates

Term life insurance rates are currently at a historically low level. Increased competition in the life insurance marketplace, together with easier access to term life insurance products over the Internet has meant that life insurance is now very affordable for most. Insurance rates of £5 per month are being banded around by some term life insurance companies, making life insurance one of the cheapest forms of insurance to buy at the present time.

However, despite term life insurance rates being very competitive, those who do decide to shop around in search of the best term life insurance deal may find that they are ineligible for the lowest insurance rates. This is because the rates for term life insurance are calculated specifically upon risk. If you are deemed to be at a high risk of dying in the early years of a term life insurance policy then your insurance rates will be higher than for those who are categorised as being at a low risk of death during this period.

How your 'risk' is calculated is rather dependent upon your health and lifestyle choices. Should you be in poor health or participate in a dangerous sport then the life company is likely to see your risk level as high, and so quote you high life insurance rates. Conversely, if you are a healthy young non-smoker in a stress free job who does not participate in any dangerous sports, a 'low risk' tag will be attached to your name, allowing you to benefit from some of the lowest rates available.

13 Comments:

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  • At Sunday, 18 January, 2009, Blogger Chris said…

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  • At Tuesday, 10 February, 2009, Blogger Tunde Ajetomobi said…

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  • At Wednesday, 01 February, 2012, Blogger Adam said…

    Most of good life insurance companies offering the very reasonable smoker life insurance policies as per their rules defined. It is good if you forgo smoking then you can easily reduce the insurance policy rates. Most of the companies have made it mandatory that you must have forgone the habit of smoking two to three years before. But some of them are not considering it. So if you are interested in a life insurance policy which is quick as well as effective then they will provide you best services.

     
  • At Wednesday, 29 February, 2012, Blogger Maaira said…

    Affordable life insurance policies without med life insurance are hard to find these days. Even if you do, some terms and conditions wouldn’t match with your particular needs.

     
  • At Tuesday, 01 May, 2012, Blogger Patrick said…

    Life insurance is the matter of securing future in case of any misshapenness or if some unusual event occurs, due to this reason life insurance is must necessary thing in such a dramatic life. www.everydaylifeinsurance.org

     
  • At Thursday, 07 June, 2012, Blogger Conry Lavis said…

    The cost of health care today can be very high. Many people know this but fail to see the importance of getting health insurance plans. The state of Illinois values the health needs of its people and provides great choices for them. Thank you so much..
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  • At Tuesday, 10 July, 2012, Blogger Patrick said…

    Term life insurance is the simplest form of life insurance. Term life insurance provides protection for a specific period of time. It pays a benefit only if you die during the term. If you live beyond the specified term, the policy expires without value. It is sometimes called temporary life insurance.

    "Every day Life Insurance" provides all of these benefits.

     
  • At Friday, 17 August, 2012, Blogger Website Solution Technology said…

    Cost of Life Insurance
    http://costoflifeinsurance.info
    Cost of life insurance ultimately depends on many factors including your age, gender, weight, if you’re a smoker, the amount you wish to take out, the period you plan on taking it out for, whether you’re a healthy weight, have an illness (terminal or not) and whether or not you work in a hazardous environment.

     
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