 |
| Kisah" Manusia pertama Pengumandang Adzan" dan Muadzinya Rasulullah Muhammad SAW. |
Life Insurance for Low-Income Families
Life insurance is not only for the wealthy! By the contrary, low-income families need the life coverage even more than a well-off person. Being on a tight budget is no reason to postpone purchasing a policy.
Low-income families think they do not have the money for life coverage, a mistake due to ignorance. The truth is many people still do not fully grasp the benefits some policies have to offer, and most importantly, the low premiums they get for a decent coverage and the financial protection for their family that comes along with it.
Be healthy, not rich!
Life insurance policies require you to take several medical examinations and blood or urine tests. If you are healthy, you can get great prices for a policy. Your health is the most important thing when applying for a policy. Agencies want healthy customers because the mortality risk is lower and so the premiums will be cheaper.
Read, search and compare!
You need to invest a lot of time reading about different types of policies; otherwise you will not know what to buy. The insurance market is very competitive! Use this in your advantage by searching and comparing different plans! Comparing quotes is the best way to find the cheapest policy!
What policies are best suited for low-income families?
Term life insurance plans are what I recommend to every person who lives on a tight budget. Why? First of all, it is a simple policy: in exchange for regular premiums you receive temporary coverage, which can last for 5, 10, 20 or 30 years. Second, it is dirt cheap! A simple quote will prove my point.
Take Joe. Joe is a 35 years old male. He doesn't smoke, is healthy and he is looking for life insurance. He decides to take a 20 years term policy with a benefit of $150,000. The rates are as low as 16$ a month!
It is also a flexible policy, as you can choose the availability period. Try to purchase life coverage when you most need it. The best age is in your late 30's or when you decide to have children.
Article Source: http://EzineArticles.com
