What Is The Best Time To Buy Life Insurance?
I was reading on http://www.prudential.com/somewhere that you can get better deals on life insurance at certain times of the year, is this true and if so when should you buy?
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There is nothing like the 'best' time to buy life insurance as such except that the younger you are, the higher your chances of getting a more affordable rate are. Life insurance premiums are calculated on the basis of a number of factors and this underwriting process takes into consideration things such as your sex, age, health status, whether you are a smoker, drinker or have a drug habit and if you have a high-risk job or hobby. All this will lead the underwriters to determine a rate that covers their risk in the event of your death. Therefore, the younger and more healthier you are, the better your chances of getting the most affordable rates.
Denise AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
Denise AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
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answered 5 months ago
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