You can lower your costs dramatically and obtain the best term life insurance quotation by compromising the scope of coverage you enjoy. That’s NOT smart. There’s a better way…
A man who smokes a cigar only about once yearly told a doctor that during an examination. He assumed that his insurer would appreciate that cigars for him were just to mark great occassions
He was mistaken as the insurer he chose decided to give him similar rates with a two-pack-a-day man His rate was over 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. Nevertheless, he thought otherwise: Taking a cigar once annually did not put him in the same position with two-pack-a-day smokers
He wrote the insurance provider requesting that they offer him a non-smoker’s rate on account of the fact that he only smoked about once a year His case reviewed after weeks of bargaining and clarifications. He had a 50% slash in his rate
With the many life insurance providers out there, competition for clients can only be very fierce. You can, and should, use this to your advantage any time you feel you have a good reason that entitles you to paying less All insurer would gladly offer you lower premiums if that’ll earn them your business but still reflect the risk they will carry by insuring you
So do NOT be afraid to bargain if you think you really do have a case This doesn’t imply in any way that you should give false details in other to negotiate a better rate. Doing so could compromise your life insurance policy as your insurer could simply opt to pay your beneficiaries the sum of premiums paid plus accrued interests only