Life insurance

There are various factors those play an important role when there is a calculation of your life insurance premium. So it is important to know what goes into the calculation process and whether you anything can be done to reduce your life insurance rate from your end. The greater risk in your life, the higher will be the premium. This includes age and sex of the person holding policy. Though these are the factors that one can hardly do anything about, let’s concentrate on those that one can possibly control. Following are the factors that can increase the rates of your life insurance: • Smoking: This is a big No when life insurance is concerned. People who don’t smoke pays low premiums than those who smoke. And even if you smoke one cigarette a day or occasionally even chew tobacco then you will be put into the category of smokers according to most insurance companies. • Alcohol habit affects: If you are a heavy drinker or even if you were an alcoholic once, insurance companies ta...

Peoria- Who doesn’t like birthdays? So why not create more birthdays for one self? Thursday is the 34th annual American Smokeout, challenging the people not to smoke for 24 hours, as a hope that their decision to quit wills last forever. By taking steps towards a healthier life, smokers will be able to gain years on their life expectancy. According to the American Cancer Society, People who quit at 35 can gain eight more birthdays, and those people who quit at 55 can gain about more five. Despite of the strides made reducing cigarette smoking for almost 15 consecutive years, smoking among the U.S adults rose slightly to just more than 20 percent according to the 2008 national survey by the U.S Centers for Disease Control and Prevention. THE BENEFITS: The benefit of quitting smoking begins immediately after the last puff. Within 20 minutes: heart rate and blood pressure decreases. Within eight hours: The level of the oxygen in the blood increases to normal. Within 24 hours: chances of...

To purchase a life insurance is a great way to protect your family financially if anything ever happens to you. You may like to consider buying a life insurance once you are married, have children or for the ones those who depend on your income for support. Today there are different types of life insurance policies available and to find the right policy for your family can be a challenging job. Given below are some of the different types of life insurance policies: Term Life Insurance: Term life insurance is the simplest and cheapest type of life insurance available. It is considered to be temporary and provide protection for certain period of time. If the one who is insured loses his life before end of the term than his/her beneficiary receives the face value of the policy. And if nothing happens to his life by the end of his term then, he/she does not receive anything. You can also choose to extend your policy at the end of the term life insurance period. Whole Life Insurance: Anothe...

Life insurance is the only type of insurance which can benefit a large number of people instead rather than benefiting just the person who pays. A term or whole life insurance can provide financial aid to the people, who are left behind- spouse, children or dependents, when the insured person dies. Looking at the advantages, many people have invested in this type of insurance but there are some top reasons why they think it’s best to invest in it. Life Insurance supports the family or dependents A number one reason why most people don’t think twice to invest in a life insurance is that the insurance will safeguard their family financially for the future, even if they die. The life insurance can pay for living expenses, medical costs, children’s college tuition or even mortgage payments. If the potential payout is more then, the plan is often costlier but it’s worth every penny. Don’t always go for cheap insurance as they fail to provide what you need the most as they have limited cover...