A no load term life insurance policy is the least expensive type of life insurance available today. But just what is this type of insurance and how can you get the best rate?
Definitions to Help You Along
A term life insurance policy is one that provides insurance for a specified period of time. It does not have an investment option or gain in value as a whole life policy does. Therefore, term life insurance policies are generally an inexpensive option.
No load policies save you further money because they don't have any agent commissions attached to the premium. There may be an initial fee attached to the policy, but you will still save money in the long run because there is no commission. And since the premiums are lower, you may be able to afford more insurance than you could have otherwise.
Related Content:
Finding a Policy
These types of policies are generally offered through the Internet, such as through an insurance comparison website. On these websites you complete a simple online questionnaire and receive quotes from multiple A-rated insurance companies.
The benefits of using these websites are ...
* You receive quotes from numerous companies so you can choose the cheapest rate
* You only have to fill out one questionnaire to get multiple quotes
* You receive your quotes within minutes of submitting your questionnaire
* Most comparison websites work only with A-rated companies so you know they're reputable and provide good service
* It's quick, it's easy, and it's free
Where to Get Cheap Quotes
Advertisement