Universal Life Insurance Quote — What They Don’t Share
December 15, 2009 on 2:14 pm | By admin | In BusinessEven though you can save and get the best universal life insurance quote by reducing your coverage, it is not recommended if it compromises you and yours. Here’s a safer way…
A man who smokes a cigar only about once a year told a medical examiner that during an examination. He assumed that his insurer would appreciate that cigars for him were merely to mark special events
His insurer had a different opinion and gave him the same rates as if he were a chain smoker He was given a rate that was over two times more than non-smokers’ rate
Ordinarily everyone would accept their fate and the rates they get if they know the insurer in question has a good reputation He decided that he will NOT let any insurance provider give him what he considers an unjust rate that did not reflect the true level of risk borne.
He wrote the insurance provider requesting that they offer him a non-smoker’s rate because he only smoked about once every year In summary, he eventually had his rate lowered by up to 50% after weeks of bargaining
There are many life insurance companies out there and they’re all competiting for your business You can, and should, benefit from this any time you feel you have a valid reason that entitles you to paying less If you can show an insurance provider that you’re less a risk than they thought you were, they can lower your rate.
So do NOT be afraid to negotiate if you are really sure that you do have a case However, make sure that you do NOT change the facts to make yourself appear to be a better risk than you are You can render your life insurance policy invalid if your insurance carrier can show that you gave them false details about yourself