Tuesday, December 11, 2007

How to save money buying Life Insurance

The best way to save money on Life Insurance is to buy Term Life Insurance and shop around.

Term Life Insurance, compared with Permanent Life Insurance, is much cheaper. Most financial advisors recommend it because it offers the greatest protection to your family for the lowest cost.

Shopping around is important because different Life Insurance companies often have different prices for your Life Insurance “fingerprint.” Your “fingerprint” is made up of your age, gender, health, family health history and your lifestyle.

And your price could vary hundreds of dollars a year from one company to another.
The only problem is over 1,000 companies sell Life Insurance. And shopping even a group of them could eat up a lot of time.

Fortunately, there are independent companies that comparison shop for you. To make sure you get the most accurate quotes when talking to an agent:

· Make sure the agent asks detailed questions about your health, family health history,
occupation and hobbies.
· Ask why the agent recommends a certain company to you. What are your other choices?
· Ask what tools the agent used to arrive at your quotes.

The pioneer in impartial “comparison shopping” for Term Life Insurance — service and by far the largest — is SelectQuote Insurance Services. SelectQuote has nearly 100 experienced, licensed agents and will research a wide range of highly rated Term Life Insurance companies for your best rates at no cost or obligation.

SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.

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