Get the cheapest California life insurance policy at costulessdirect.com. Life insurance gives you and your family peace of mind, knowing they are protected. General term insurance can make sure your family has income, take care of bills and basic necessities, and even help with mortgage obligations or college costs. Cost-U-Less Insurance offers made-to-order policies to meet your needs and those of your family.
Many people often put buying life insurance on a future to-do list or don’t buy enough coverage to meet future needs. According to J.D. Power and Associates, 40% of Americans have no life insurance at all, and 50 million people in the U.S. don’t carry sufficient insurance. Those who do buy life insurance often don’t understand how much they really need or what is a reasonable price. Here are some tips on when and how to find the right insurance for you and your loved ones:
One of the worst things you can do is not be honest on your application. It may be tempting to stretch the truth in order “to get a lower rate”–maybe even “forget” to declare a medical condition. One of the most common lies has to do with using tobacco. Most people are aware that tobacco is hazardous to their health–and their insurance rates–so they are less than truthful about their use. Other lies involve drug use, their mental state (depression), income (to get higher coverage amounts) and traffic violations on their records. A lie or even an omission of facts can result in a denied claim.
When it comes to life insurance, it’s better to buy at an earlier age, since rates are based partially on age. The older you are the higher rates you’ll pay for coverage. Every birthday you have increases your rates. Your best course of action is to apply for insurance while you are young and healthy to lock in the best rates.
A common mistake (and one of the biggest ones) when buying life insurance is to cut corners on the amount of coverage. There are 50 million people in the U.S. who are under-insured – don’t put your family in this position. Instead of using general guidelines such as “buy 10 times your annual salary,” take in to account your individual needs. Calculate your debts, as well as the income that your family is likely to lose from your passing. Plan to include coverage that will eliminate all your bills, as well as ensure your family has enough income to meet their needs. Remember, supplemental benefits contributed by your employer (health insurance, retirement account contributions and child care) will vanish once you are gone.
Make sure you figure out what expenses your family will encounter over the next 15 to 20 years, based on the ages of your dependents and the financial obligations your family has now and in the future. Buy enough insurance to adequately cover them.
Thinking of lighting up a cigarette while out on the town? If you have a life insurance medical exam scheduled, it would be wise to reconsider. It’s known that smoking magnifies your health risks, and it also bumps up your life insurance premiums–a lot. Smokers, even in “good” health, are looking at paying two to four times the amount that nonsmokers pay for life insurance. Once you stop smoking or lose 15 pounds to put you in a less risky class, you can ask your insurance company to re-evaluate your situation and lower your premiums.
Make the decision now to protect the future of your loved ones with term life insurance from Cost-U-Less Insurance. We offer a variety of low-cost plans, along with plans that don’t require a medical exam.
Becoming insured by one of the experts at Cost-U-Less Insurance is easy! We sell insurance at our local offices, online at www.costulessdirect.com and over the phone at 800-538-3213