Life insurance is something almost all of us here in Nevada need, yet it is something almost none of us want to think about.
But if you have a family, if you have loved ones who count on you and whose economic lives would be adversely affected by your death then you owe them the peace of mind which life insurance provides.
So now the question becomes, which kind of life insurance policy do you take out, whole life or term life? For many people a term life policy initially looks more appealing due to the fact that the monthly premiums are less to begin with.
But don't be fooled by first impressions.
A term policy's price is based on your age as well as the amount of the policy.
With term insurance your policy expires after a certain number of years (known as the term of the policy) and if you want your coverage to continue you'll need to take out a new policy - at a much higher monthly premium.
If you start buying term insurance at a young age, you may be forced to renew the policy four or five times during your lifetime, and each renewal will be at a higher monthly premium.
With a whole life policy, on the other hand, you buy one policy that stays with you for your whole life and whatever premium was set when you bought the policy remains the same for your entire lifetime.
Also, unlike a term policy, a whole life policy can build up a cash savings account over time - this account can be borrowed from if needed and the borrowed funds never have to be repaid, if you so choose - although any outstanding borrowed funds will be deducted from the policy's pay-out when you die.
Regardless of which type of insurance you choose, the question still remains: how do you compare and find the lowest cost life insurance that's right for you? Start by becoming as healthy as you can - obviously the healthier you are the more likely you are to live a long life and the lower your cost for life insurance.
If you smoke - quit.
If you're overweight join a program designed to help you lose weight - and mean it.
Your lifestyle does affect how much you pay for life insurance.
If you have a dangerous job or you drive a fast sports car or muscle car you'll pay more for your life insurance.
Also - and this is not well-known to most people - keeping a good, clean credit record will also lower your monthly life insurance premiums here in Nevada.
Then go online.
There are literally dozens of free sites that will allow you to compare life insurance policies and prices side-by-side.
But don't stop at just one website - enter all of your information into a least 3 different websites so you can get the widest possible range of prices.
In this way you can truly compare and find the lowest cost life insurance available in Nevada.
But if you have a family, if you have loved ones who count on you and whose economic lives would be adversely affected by your death then you owe them the peace of mind which life insurance provides.
So now the question becomes, which kind of life insurance policy do you take out, whole life or term life? For many people a term life policy initially looks more appealing due to the fact that the monthly premiums are less to begin with.
But don't be fooled by first impressions.
A term policy's price is based on your age as well as the amount of the policy.
With term insurance your policy expires after a certain number of years (known as the term of the policy) and if you want your coverage to continue you'll need to take out a new policy - at a much higher monthly premium.
If you start buying term insurance at a young age, you may be forced to renew the policy four or five times during your lifetime, and each renewal will be at a higher monthly premium.
With a whole life policy, on the other hand, you buy one policy that stays with you for your whole life and whatever premium was set when you bought the policy remains the same for your entire lifetime.
Also, unlike a term policy, a whole life policy can build up a cash savings account over time - this account can be borrowed from if needed and the borrowed funds never have to be repaid, if you so choose - although any outstanding borrowed funds will be deducted from the policy's pay-out when you die.
Regardless of which type of insurance you choose, the question still remains: how do you compare and find the lowest cost life insurance that's right for you? Start by becoming as healthy as you can - obviously the healthier you are the more likely you are to live a long life and the lower your cost for life insurance.
If you smoke - quit.
If you're overweight join a program designed to help you lose weight - and mean it.
Your lifestyle does affect how much you pay for life insurance.
If you have a dangerous job or you drive a fast sports car or muscle car you'll pay more for your life insurance.
Also - and this is not well-known to most people - keeping a good, clean credit record will also lower your monthly life insurance premiums here in Nevada.
Then go online.
There are literally dozens of free sites that will allow you to compare life insurance policies and prices side-by-side.
But don't stop at just one website - enter all of your information into a least 3 different websites so you can get the widest possible range of prices.
In this way you can truly compare and find the lowest cost life insurance available in Nevada.
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