How to Get Low Cost Whole Life Insurance Rate Quotes.(life insurance quotes)

life insurance quotes

When you need to buy life insurance and you also want to build up an investment portfolio, whole life insurance may be the answer for you. It can be expensive, so you need to take a little time to find a low cost whole life insurance rate quote. Here's how ...

What is Whole Life Insurance?

A whole life policy combines life insurance and an investment account, making it a useful part of your long-term investment goals. Part of your premium pays for the insurance, while the remainder is invested in a mutual fund, bonds, or whatever investment option you select. There are some definite advantages to purchasing whole life insurance:

* As long as you pay the premium, the policy does not expire.

* Your premium does not increase as you get older.

* The policy builds up a cash value. If you cancel or surrender the policy, you still receive the cash value. You can also borrow against this cash value.

* You can earn dividends on your policy.

Finding a Low Cost Policy

To help keep the costs down, do the following:

* Buy your policy when you are young and healthy.

* Maintain a healthy lifestyle: eat right, exercise, and avoid tobacco.

* Time your purchase right. You may be able to save on your premium if you buy your policy toward the end of a quarter or year, when the company is trying to reach its quota.

* If you have to undergo a medical exam, schedule it for the morning. Your blood pressure, cholesterol, and stress levels tend to be better in the morning.

* Rates can vary by hundreds of dollars from one company to another, so use an insurance comparison website to compare quotes from different companies so you can be sure you're getting the cheapest one.

Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to get whole life insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

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