Find Cheap Life Insurance Policies Today!

Would you like to find the lowest rates for your life insurance policy? If you do wish to find the cheapest life insurance possible, this is your lucky day. Here I will tell you how you can find cheap life policies online, today!

Did you know that over 90% of people in United States are paying too much for their insurance? Policies for life insurance are no exception here, most people could get a more affordable life policy very easily.

Since you are searching for cheaper insurance, you have obviously realized this fact, which makes you an intelligent consumer. You should never pay too much for any service or product!

How to Find the Lowest Rates Online

Whether you are looking to buy term or whole life insurance, the only way to make sure that you find the cheapest insurance provider is by comparing them online. These days all the lowest prices are online and that is why you also want to get your insurance online.

Also, the key here is to compare rates from MANY different companies. The rates for life policies can vary SIGNIFICANTLY from one insurance provider to another and that is why getting price quotes from various insurance agents is important.

Getting life policy quotes online is very easy, anybody can do it. It doesn’t take much of your time and it is completely FREE for you. There also are no obligations for you to buy insurance from any of the companies that provide you their price quote.

So if you wish to find some cheap life insurance policies right now…

Life Insurance Settlements – Unlock the Cash From Your Life Insurance Policy Today

A life settlement, or the sale of a life insurance policy, is gaining popularity as a new opportunity for seniors to generate cash. By “cashing in” a life insurance policy, one can reap the rewards of an immediate cash payout without lapsing or surrendering the policy to the insurance company.

Faced with rising insurance premiums, increasing cost of healthcare and long-term care, more seniors today are choosing to sell their policies to third parties for a lump sum payment. Rather than let their policy lapse, seniors have the option of cashing out early and enjoying a higher quality of life.

Seniors can use the cash they receive from the sale to help pay for medical expenses, long-term care expenses, or everyday living expenses. Additionally, seniors are using the “unlocked” cash to travel, invest in a business or new property, or support their children and grandchildren. There are no restrictions or limits to how the cash may be used once the policy is sold.

How does it work?
Seniors who are over 70 and own a policy worth over $200,000 can sell their policy to an insurance buyer, otherwise known as life insurance broker or life settlement brokers.

By purchasing the whole, term, or universal life insurance policy, the buyer becomes the new policy owner. This means that the buyer takes over the premium payments and ultimately collects the full amount of the death benefit.

Who benefits?
As the policy holder, seniors may enjoy a higher cash payout upfront and the savings when the buyer takes over the ongoing insurance premium payments.

What’s the catch?
There is no catch. Settlements are legal and legitimate. Life insurance buyers are able to offer a cash payout because of the structure of their businesses and the financial market.

What should I know before considering a settlement?
The ideal time to sell a policy, otherwise known as taking a life settlement, is when:

1. The policy holder is over age 70
2. The policy is worth $200,000 or more
3. The policy holder is chronically ill, and/or their health is declining
4. Additional cash is needed to pay for cost of health care of long-term care
5. Policy holder is experiencing financial difficulties or needs additional funds to improve the quality of life
6. There is difficulty paying the premiums and are at risk of lapsing the insurance policy
7. The senior would like to remain financially independent

How much money can I expect to receive?
The lump sum payment will be determined on a case-by-case basis. It depends on a number of factors, including age and medical condition, the type and value of the policy and the premiums required to keep the policy active. A no-obligation appraisal of your policy can be requested before making the decision to sell it.

Any policy owner, including individuals, corporations, charities or trusts, may sell any insurance policy, including group and term policies.

What types of life insurance policies can be sold?
Universal Life, Whole Life, Variable Universal Life, Term, and Convertible Term Life policies, Joint and second-to-die policies are all policies eligible for sale.

How long does it take to get the funds once my policy is sold?
A general time frame is four to eight weeks to receive funds though the timing can vary. The buyers work to complete the process as quickly and efficiently as possible so that the money can be released to our clients as fast as possible.

Will I owe taxes on the money I receive?
Generally, the money received from selling the insurance policy will be tax-free up to the original policy’s tax-basis. Consult with a tax advisor regarding your specific situation.

How do I find a buyer for my policy?
Experts at http://www.LifeInsuranceBuyer are committed to achieving the highest value for their client’s insurance policies. Serving their clients with integrity and respect, Life Insurance Buyer offers free, no obligation, confidential policy appraisals for all qualified individuals. Contact Life Insurance Buyer at 1-800-LI-BUYER or 1-800-542-8937 to discuss your policy.

Beneficiaries Of Lost Life Insurance Policies Can Really Use The Money

It is just a shame that money owed to some beneficiaries of lost insurance policies never get to them during their lifetimes. I spoke with some representatives of insurance companies, to see how many, on a daily basis, get phone calls from the public, asking them to search their database for insurance policies. I had one company say 100’s a day. I had another company tell me 1000’s a day and they even elaborated that it was a total waste of the consumer’s time as well as resources and man power of his company. He said that they will never find it if they do not know which company their loved one bought it from. Well, I took this opportunity to explain the need of a central life insurance database to him; telling him that it is a safe and a much needed service. He listened to me for around 10 minutes while I explained the many benefits a central database could have to his insurance customers. Even with him telling me that it was a waste of time for anyone calling his company, he did not want anything to do with the thought of a database. He flatly told me that he did not feel a database was a benefit to his customers, I was surprised.

Now as a insurance agent myself, I took offense to this comment. Isn’t it the responsibility of the agent (regardless of the company they work for) to do what is best for the customer? Don’t you think that registering anyone with life insurance on a central database so their beneficiaries can locate the company name is the best thing for the customer? Well I do. Not only does a database allow an individual to register the company name they have insurance with, it allows the beneficiary with certainty to find the policy you have in place. All an individual would need, to find a life insurance policy, is the company name. Since there are over 2000 life insurance companies in the United States alone, having the company name on a central database will solve a major problem that gets recognized only when it is too late; lost life insurance policies. Hopefully consumers of life insurance will also recognize the need and buy it from agents and agencies that offer to register on a free central database. It is definitely something to think about.

Find Cheap Life Insurance Policies

Do you need to find a cheap life insurance policy to protect your family from a financial crisis? Most responsible adults understand the need for life insurance, but they think that policies cost a lot, or finding a policy will be too hard.

You should compare life insurance companies because premiums do vary. We found large price differences between the best insurers when we quotes the same 40 year old man for a 20 year term policy with $100,000 in face value. That means he could save $6,000 over 20 years if he bought the cheapest policy instead of the costliest policy!

There is no reason to pay too much and just because one policy is cheaper does not mean it would be an different than the most expensive one! It would be the exact same coverage, but just taken out for less money.

So how do you compare life insurers anyway? Well, the web can make this process very simple. because you can use an online quote form to enter your information one time, and then you can sit back and let top insurance companies compete for your business. Insurers need to stay competitive because nowadays, with the Internet, it is very easy for consumers to compare premiums before they buy a policy.

We have more good news. Because people are living longer and healthier rates,ry companies are actually dropping their rates. Even if you shopped for coverage a few years ago, you may be pleasantly surprised to find very affordable rates today. Your family is important, and if you need to protect them because they depend upon you, it is very simple for most people to find affordable life insurance.