June 23, 2022
  • June 23, 2022

How to get more life insurance for less

By on November 4, 2021 0


IN MIDDLE S. IN WASHINGTON, I AM AIXA DI. IN ASA ASA TODAY … WE ARE TALKING ABOUT LIFE INSURANCE. OUR CONSUMER REPORTER ASA AARONS SMITH JOINS US IN STUD. IO ASA – THANKS FOR QUESTIONS LIKE … HOW MUCH SOMEONE SHOULD PAY FOR LIFE INSURANCE … AND. .. DO THEY EVEN * NEED IT. YEAH, RILEY, ASHLEY – LIFE INSURANCE IS DIFFICULT. Unlike auto insurance, not everyone needs it. TAKE SINGLE WITHOUT DEPENDING. TS FOR THESE PEOPLE, IT IS NOT ESSENTIAL. BUT FOR THE REST OF US THERE ARE MANY OTYF FACTORS THAT GO INTO THE GOOD DECISION OF THE CONSUMER. THIS IS A START. SA (A / ATC) IF YOUR UNTILYM DEATH WOULD BE CATASTROPHIC FOR THOSE YOU LEAVE BEHIND, THEN MAKE SURE YOU ARE INSURED. AND TAKE THE TIME TO SHOP FOR THE BEST COVERAGE FOR THE LOWEST PREMIUMS – FROM A REPUTAE BL, BIEN SR COMPANY. KEVIN BRASLER IS EXECUTIVE EDITOR AT CONSUMERS ‘CHECKBOOK, AN INDEPENDENT NON-PROFIT CONSUMER ORGANIZATION. HE RECENTLY CONDUCTED AN EXPERIENCE MAKING 20 YEARS SHOPPING, A HUNDRED THOUSAND DOLR TERM POLICY OF $ 5,500 FOR HIMSELF. (SOT FULL – PLEASE SUPER SOURCE) KEVIN BRASLER, EXECUTIVE EDITOR, CONSUMER CHEMIER (00:02 -00: 12) “WITH A BUSINESS, IOU C LD PAY APPROXIMATELY $ 700 A YEAR FOR LIFE INSURANCE TEMPORARY. WITH ANOTHER, I CAN PAY MORTHE $ 1,500 A YEAR. ” (ASA / ATC) OVER THE TERM OF THE 20 YEAR POLICY, THE LOWER COT POLICY WILL SAVE HIM $ 16,000. YOU CAN SEE HOW IMPORTANT IT IS TO COMPARE PRICES. ES (SOT FULL- PLEASE SUPER SOURCE) KEVIN BRASLER, EXECUTIVE EDITOR, CONSUMER CHECKBOOK (00: 16-00 “THE GOOD NEWS IS THAT SHOPPING FOR LONG-TERM POLICIES HAS BECOME VERY EASY. THERE ARE SEVERAL WEBSITES IN THE RE THAT WILL COMPARE DOZENS OF DIFFERENT COMPANIES AND CREATE THE LOWEST RATES FOR YOU, DEPENDING ON YOUR AGE AND YOUR MEDICAL SITUATION AND OTHER THINGS. PERSONAL INFORMATION. WELL SR, THERE ARE OTHER SITES TO TRY, INCLUDING POLICYGENIUS AND ETHOS. BEFORE YOU START SHOPPING, UNDERSTAND THAT A TERM POLICE OFFERS COVERAGE ONLY A CERTAIN NUMBER OF YEARS AND EXPIRE AT THE END OF THE TERM. NO MONEY IS RETURNED WITHOUT THE INSURED DEATH DURING THE TERM OF THE POLICY. MUCH MORE EXPENSIVE THAN THE TERM POL

Ask Asa: How To Get More Life Insurance For Less

Do you need life insurance – and how much should you pay? Consumer reporter Asa Aarons Smith tells you what you need to know.

Life insurance is tricky. Unlike auto insurance, not everyone needs it. Take singles without dependents. For these people, it is not essential. But if your untimely death would be catastrophic for those you leave behind, then make sure you are well insured. And take the time to research the best coverage for the lowest premiums – from a reputable company, of course. Kevin Brasler is the editor of Consumers’ Checkbook, an independent, non-profit consumer organization. He recently experimented by researching a $ 500,000 20-year term insurance policy for himself. “With one business, I could pay around $ 700 a year for term life insurance. With another, I can pay over $ 1,500 a year,” he said. Over the life of the 20 year policy, the lower cost policy would save him $ 16,000. So you can see how important it is to compare prices. “The good news is that shopping around for term life insurance policies has become quite easy. There are several websites that will compare dozens of different companies and give you the lowest rates. , depending on your age, medical situation and other factors, ”Brasler said. The Consumers Checkbook liked a site called Lifequotes because it generated a list of rates from various companies without requiring an excessive amount of personal information. Of course, there are other sites to try, including PolicyGenius and Ethos. And Brasler says contacting local independent insurance agents can also help you find low rates. Before you start shopping, be aware that a term policy only provides coverage for a certain number of years and expires at the end of the term. You do not receive a refund unless the insured dies during the term of the policy. Permanent life insurance, which includes whole life insurance, provides coverage for life. This type of insurance is marketed as an investment, and therefore it is much more expensive than term policies.

Life insurance is tricky. Unlike auto insurance, not everyone needs it. Take singles without dependents. For these people, it is not essential.

But if your untimely death would be catastrophic for those you leave behind, then make sure you are well insured. And take the time to shop around for the best coverage for the lowest premiums – from a reputable company, of course.

Kevin Brasler is Editor-in-Chief of Consumers’ Checkbook, an independent, non-profit consumer organization. He recently experimented by researching a $ 500,000 20-year term insurance policy for himself.

“With a business, I could pay around $ 700 a year for term life insurance. With another, I can pay over $ 1,500 a year, ”he said.

Over the life of the 20 year policy, the lower cost policy would save her $ 16,000. So you can see how important it is to compare prices.

“The good news is that it has become quite easy to shop around for term life insurance policies. There are several websites that will compare dozens of different companies and give you the lowest rates, depending on your age, your medical situation and other things, ”Brasler said.

Consumers’ Checkbook liked a site called Lifequotes because it generated a list of prices from various companies without requiring an excessive amount of personal information.

Of course, there are other sites to try, including PolicyGenius and Ethos. And Brasler says contacting local independent insurance agents can also help you find low rates.

Before you start shopping, be aware that a term policy only provides coverage for a certain number of years and expires at the end of the term. You do not receive a refund unless the insured dies during the term of the policy.

Permanent life insurance, which includes whole life insurance, provides coverage for life. This type of insurance is marketed as an investment, and therefore it is much more expensive than term policies.