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Term life insurance quotes are available online, we all know that. All we have to do is fill up a form and a term quote lands in your email in no time. But, considering the number of term quote providers out there, there is the question of ‘which ones can you trust?’ And rightly so, because the best companies might not use the best marketing strategies and those that use might not be the best policy for you. So how do you decide which one is best for you? Companies are rated by independent financial analysts like AM Best, Moody’s, etc. These ratings can help you choose between quotes, and decide whether a company offering a cheap term life insurance quote has the potential to live up to its promises or not, after ten twenty and even thirty years.

Another issue is the reliability factor of the given term quote itself. More often than not, the quote is subject to change, not because the quote providers are drawing the figures out of air, but because insurance companies tend to tweak your applications and add up a lot of factors towards drawing up the final premium rates. There is no general questionnaire that you can expect either. Supposing your medical history showed an accident that occurred while rock climbing, an additional risk factor is added based on your passion for adventure sports. The family medical history is screened for a plethora of hereditary diseases and every occurrence of such a disease adds up.

A term life insurance quote that you obtain online is basically automated. The most common questions you are likely to be posed with are your age, height and weight, whether you are a smoker or not and bam, you have a list of term quotes from different companies. You can consider term life insurance quotes as a general assessment of the price range of your policy. But you should not depend on them for your own financial assessment due to the reasons we have already explored.

Term life insurance quotes should be compared using some basic variables of a provider. The prices of the company being the first, you should also be wary of the underwriting process. For example, some companies might offer insurance for those who had a history of cancer while some don’t. Other points would be the ratings and the quality of customer service of a company—remember you are going to be associated with this company for decades.

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Life Insurance Quotes | Whole Life Insurance : BeamaLife.com

No Medical Exam life insurance seems to be a strange term for anyone. While some tend to think Life Insurance with no medical exam is some kind of a marketing trick, others give it a thought when they are in two minds about getting insurance. Having no life insurance policy is no excuse for any adult. It would sound ridiculous for those who do, but there are people who have ‘no time’ for taking out a policy. Starting out, you do not seem to afford it, after marriage there seem to be a lot of expenses that taking out a policy would encumber your already tight budgets, after you have kids, the thought passes your mind again but you seem to think there is always more time for you to go get one and before you know it, you’re about to retire in a few years with no life insurance to take care of your family in the unfortunate case of your death. Whatever your reasons might be, you need to be aware of your options.

Life insurance with no medical exam is a realistic option if indeed you feel weighed down by your schedules to fix up an appointment with the medical examiner. Plus of course, the added timing factor is not appealing for many or there could be many reasons why you prefer to have no medical but still get coverage. Largely there are three kinds of insurances. First, there are the conventional underwritten policies with several questions about you, your family and medical history along with a compulsory medical test. There are also simplified issue life insurances that do not require a medical test but some questions need to be answered about the family medical history and personal medical history. And then there is the no medical exam life insurance policy where you do not need to answer any questions nor do you have to take a test. It’s just an application away and it is made available to you within days! And the best part is you can even apply online without once showing your face to your insurers.

Convenience is a major plus in a no medical exam life insurance. You might have to answer a few questions related to your age, gender, height and weight but that is hardly a comparison to the lengthy questionnaires you might have to fill elsewhere.  There is no flip side to no medical exam life insurance except may be the fact that it is a bit pricey. And you will not be able acquire more than maximum $500,000 coverage. Also, in most of the cases, a policy can be obtained regardless of the age. That is why they are often times referred to as guaranteed issue life insurance policies as well.

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Life Insurance Quotes | Term Life Rates : BeamaLife.com

Learn what are your options when your term life insurance or whole life insurance policy lapses and how to reinstate it.

There’s no question that life insurance is a critical part of your personal and family financial planning. But in today’s busy world, with as many things as you’ve got going on, it’s possible that you could forget about making your monthly premium payment.

When you pay your premiums regularly, your policy remains “in force,” but when you miss a payment, your life insurance company is required to give you a 31-day “grace period” in which to catch up. At the end of the grace period, if you haven’t submitted your back premiums to the life insurance company, your policy will lapse.

When you have a term life insurance policy that lapses, the coverage ends immediately and back to the last month for which you actually paid the premiums. With a whole life insurance policy, if there’s money in your cash value account, those funds will be used to pay your premiums until the funds have been exhausted. Either way, once the grace period is over, your coverage is over and your loved ones are left without life insurance protection in the event of your death.

If you’re in a financial or life position where you don’t truly need the insurance coverage any longer, there’s no real problem with letting the policy lapse. But, if your policy is lapsing because you can’t afford the premiums, but you still need the insurance coverage, letting the policy lapse could have serious consequences for your future.

Many insurance companies, when offering life insurance coverage to an individual, don’t check to see if the individual has had coverage before, or if that coverage has lapsed. But some life insurance companies do check to see if you’ve had coverage lapses in the past. If you have, they may choose not to offer coverage to you in the future, which means you’ll have a very hard time finding the protection you and your family need, even if you’re able to better afford it than you were in the past.

When your policy lapses, it isn’t necessarily the end of the world for your life insurance protection. You can request that your coverage be reinstated by your life insurance company. Each company handles the reinstate process differently, but in general, you’ll be asked to pay all of your back premiums, and you’ll only have about five years within which to request a reinstatement. As long as your health status hasn’t changed, reinstatement can be very simple. If your health has changed, however, it may not be possible to have your old policy reinstated – another reason to be sure that you keep the policies you have in force.

Forgetting to pay your premiums is one thing, while being unable to pay your premiums is a very different thing. Before you let your life insurance coverage get away from you, speak to a trusted BeamaLife advisor about your options at (866) 972-3262. It may be possible to reduce your coverage amount to lower your premiums, or there may be another type of coverage or a different insurance carrier with better premiums. At BeamaLife, we’ve created our own technology, and partnered with 100 of the top insurance companies. We’ll find the type of policy that makes the most sense for your financial goals and needs, and we’ll get you the coverage you want at the price you want to pay! Please complete life insurance quote from now for term life quote or whole life quote.

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Life Insurance Quotes | Whole life Quote : BeamaLife

When we are talking about affordable term life insurance, there is always the minor hiccup to figure out how much is affordable for you exactly. While you have a plethora of term life insurance options online, some claiming to be most affordable and most giving you a list of direct quotes you can decide from yourself, there is still the question of ‘will what is affordable today still remain affordable tomorrow?’ The idea of term life insurance itself is to save a lot of money on hundreds of thousands of dollars worth life insurance when compared to a whole life insurance, while compromising on the fact that you will not be left with any insurance after your term finishes. So, if you are not going to get any insurance benefit after the term or a refund of all the money (except in return-of-premium policy) you invested in the policy, it basically comes down to giving away money for so many years so as to make sure your family is safe ‘if’ something untoward has to happen to you during the term. This is a big ‘if’ is facts and figures are to be considered. Experts say less than 1% claims are benefitted in the case of term life policies.

The affordability of term insurance rates thus is very debatable. More so because, lay offs or depreciation of income is a daily occurrence in today’s economy. Ideally speaking, 5% of your income could be allotted the insurance slot so that even if there is a financial hiccup, you wouldn’t be forced to terminate the expenditure on premiums. The term insurance rates, like the whole life insurance, depend on a lot of factors and in fact work on the same mortality tables. You can cut down on the term life insurance rates by cutting down on the types of coverage. A complete term life policy covers death by any means. You do not need certain types of coverage based on your lifestyle, so by careful deliberation you can choose not to include that coverage in your policy. This is effective till some extent but people tend to get greedy over them and cut out most types thinking ‘that can’t happen to me’. The other ways to get best term insurance rates are to give up on adventure sports, not take up a job that involves certain risks, quitting smoking and managing weight. You would be surprised to learn that some of these innately personal options can affect the rate of your insurance, but they just happen to be your best bet to get the best rates from a decent company.

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Life Insurance | Term Life Insurance : BeamaLife.com