Compare Life Insurance Rate — Something Carriers Don’t Tell You
There are several things that would help you as you obtain and compare life insurance rate or rates. Here’s one: Even though you can save and obtain affordable life insurance quotes by downgrading your coverage, it is not advisable if it compromises you and yours. There’s a better way…
There was this man who only smoked a cigar once yearly to mark great moment and he went further and told his doctor just that. He assumed that his insurance provider would understand that cigars for him were only to mark great moments
He was wrong as the insurance company he chose decided to give him similar rates with chain smoker His rate was about two times as much as what non-smokers were charged to pay
He could have just accepted the rate given to him just like most folks do. However, he thought otherwise: Taking a cigar once a year didn’t put him in the same position with two-pack-a-day smokers
He wrote the insurance carrier demanding that they give him a non-smoker’s rate since he only smoked a cigar about once every year His case reviewed after weeks of bargaining and clarifications. He had a 50% slash in his rate
There’re lots of life insurance providers out there and they’re all competiting to do business with you You can, and should, benefit from this any time you think you have a good reason that entitles you to paying less If you can show an insurance provider that you are NOT as bad a risk as they thought you were, they can reduce your rate.
So if you have a valid reason to request for cheaper rates, ask. The worst case scenario is that they won’t offer you any discount This doesn’t mean in any way that you should present false details in other to negotiate a better rate. You can render your life insurance policy invalid if your insurer can prove that you gave them false details about yourself