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The Most Affordable Life Insurance

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					Affordable Life Insurance!

So, youve decided to purchase life insurance. Well then, you have made a good
decision! If you have dependents, you know that you must provide for them long after
you are gone. Buying life insurance shouldnt be a budget buster either. Take a look at
the following options which can help you save big time!

Shop Online: There are several companies that will give you free life insurance quotes
right online. By entering your personal information, the amount of insurance coverage
desired, and policy terms, you will receive within moments sufficient quote
information. Naturally, you will want to talk to an agent at some point, but at least
you will get a very good ballpark figure to consider. Some good sites for you to visit
include: Insure.com; SelectQuote.com; ReliaQuote.com, IntelliQuote.com; and
InsWeb.com. There are many others, so do some comparison shopping.

Types of Life Insurance: There are four types of life insurance plans from which you
can choose: Term Life, Whole Life, Universal Life, and Variable Universal Life.

<u>Term Life<u> is the most affordable as it lets you lock in a fixed rate for the
length of the policy [typically 10 or 20 years], but it does not have any cash
accumulation. So, the only way it pays is if you die!

<u>Whole Life<u> offers policy holders lifetime coverage, guaranteed level
premiums, tax-deferred accumulation of cash values. In other words you can borrow
off the policy if you need the cash.

<u>Universal Life<u> offers policy holders Lifetime coverage, flexible premiums
and death benefits, tax-deferred accumulation of cash values. Rates are adjustable.

<u>Variable Universal Life<u> offers lifetime coverage, flexible premiums and death
benefits, tax-deferred accumulation of cash values, a selection of investment options.
Rates are adjustable.

Contact an Agent: Once you have determined which type of insurance is best for you
and your family, contact an agent for further guidance. If you received an acceptable
life insurance quote online, follow through with it to allow an agent to contact you
personally. This person will go over your policy and discuss with you the various
types of companies offering coverage. If you are satisfied and want to proceed further,
the agent will order a comprehensive medical exam that can be done in the
convenience of your home or office at no charge to you! About four to six weeks later
the results will be in and if all goes well, coverage will begin almost immediately
thereafter. At no point are you obligated to accept coverage until you sign a contract.

More Savings: Do you want to save even more money? Pay the premium all at once.
Monthly or quarterly payments usually carry a surcharge. By paying the entire
premium in advance you can save around 5%.

Providing for family members after your death is one of the most important reasons to
include life insurance as part of your financial planning. You can receive your free
life insurance quote by shopping online today; dont delay!

(c)2005; Matthew C Keegan, LLC



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