Why you should take high value life insurance?

How often we have all taken life insurances policies for a few lakh Rupees listening to our insurance agents' advise? Most of us don't a life insurance policy for more than 5 lakhs.

This applies to our children who have just joined a college. I happen to read an article in today's Times of India which made sense to me and also gave me fresh insight on investing in life insurance.


Why we take insurance policy, the answer to this remains pretty much the same, but the amount to which one can insure can be as high 50 lakh or 1 crore for a little more premium than what one pays for 5 lakh policy now.

Surprised ? You can check this out with various insurance companies. Take time to compare the different life insurance policies, premium and the assured sum on maturity. You will realize your folly of taking small life policies.


For reasons best known, insurance agents tell you that policies with higher stakes are available only for higher premium. What they don't tell you is that you can increase the period of premium payment so that for less yearly premium, it becomes possible to insure for higher amount.

Advantage of level term life insurance.

I rue my indifference to genuine advice from my auditor. He advocated level term life insurance when I next purchase an insurance plan. He even demonstrated by comparing seven different term life insurance quotes and produced a neat table of figures that clearly showed that level term life insurance is the best.

Somehow, my insurance agent convinced me that it is not the right plan for me. I thought he knew better than a finance professional.

Level term life insurance provides guaranteed fixed level rates and extended coverage of up to thirty years. My auditor proved that it is the most affordable term life insurance option.

Now, with change in tax benefit rules, my choice of another popular insurance scheme is turning out to be a bad one.

Next time you contemplate on a new insurance scheme for you or for your son, listen to your auditor.

Don’t eat eggs!

Casual browsers, information seekers as well as serious internet marketers come across thousands of web pages and find some of them absolutely useful. But, how many times do we thank those webmasters or bloggers or at least share their contribution in social media?

We are too selfish not to do so. But I just shared in my Twitter profile, one of the best 7 tips to get low life insurance quote. The author of this gem of an article is By Jan Pinney, Chairman, Life Insurance Committee, and The National Society of Agents for Consumer Education Chairman, The Life Insurance Consumer Advocacy Council.

The 7 tips are extremely essential for every insurance policy buyer to follow before they go for medical examination. The 7 tips include what not to eat and drink prior to the medical exam and what exactly you should drink just hours before the medical check up.

Thank you Jan Pinney! I could sense your sincerity in your article.

Factors to consider while taking term life insurance.

First time insurance policy takers should know that taking a wrong policy can be harmful financially. I know this from my personal experience. Recently my son has fallen victim to his own lack of knowledge. Obviously he has forgotten my advice. I told him a couple of times to choose term life insurance if an insurance agent manages to convince him to take a policy.

Insurance sales men who work for a particular company should not be our choice.

First decide on the type of policy you want
Then seek out the insurance agent that specializes in that type of insurance policy
Get his quotes
Open the web and get term life insurance online quote
Compare the quotes offered by different life insurance providers
Choose the insurance company that is rated “A”.

Just employed youth, be aware of these facts. Inform your colleagues too.

Don’t pay for insurance leads.

Before you buy a single life insurance lead, I feel you should know certain things which are usually overlooked by telemarketers.

In order to take full advantage of the insurance leads purchased, you must ensure that you are not paying every month to get the fresh leads.

Also, inquire before buying the insurance leads whether the leads include those who are interested in teenage life insurance and life insurance for over 50 years aged.

Do some research on the quality of insurance leads suppliers. I know of several insurance leads brokers who are just resellers. This means, you may be buying insurance leads that are already tapped by others well before you use them.

Though insurance marketing’s best resource is insurance leads, telemarketers should use only fresh leads supplied by reputed leads brokers.