AccuQuote Explains the Cost of Risky Behavior When Applying for Term Life Insurance

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“Keep in mind that as an adrenaline junkie you will pay more than the average consumer for life insurance, but don’t give up on looking for affordable life insurance coverage. It’s not out of reach if you do your homework.”

Wheeling, IL (PRWEB) November 23, 2009

AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains the cost of life insurance when consumers participate in what life insurance companies identify as “risky behavior.” The company offers tips to help consumers with risky lifestyles find affordable life insurance coverage.-

“If you’re an adrenaline junkie who participates in activities such as bungee jumping, skydiving, or even occasionally using tobacco, don’t be surprised when your life insurance premium is higher than your neighbor’s. In fact, you may even pay two to three times more,” says Byron Udell, founder and CEO of AccuQuote. “However, by following a few tricks of the trade you can find an affordable life insurance policy that will work with your lifestyle.”

According to Udell, there are several steps an adrenaline seeking consumer can take when shopping for inexpensive life insurance coverage:

•     Do Research – By researching various life insurance companies and types of life insurance policies, consumers can determine the best fit for their lifestyle. Since underwriting guidelines vary among life insurance companies, consumers may find that one company will offer them an affordable rate based on their life circumstances while another may deny their application.
•     Comparison Shop – After doing life insurance research, use an online multi-carrier brokerage firm to compare life insurance rates at top-rated life insurance companies. This type of company has exclusive access to the various underwriting guidelines at the life insurance companies they represent and can help consumers identify which company will offer them the best discount life insurance rate.
•     Know the sport – Consumers should get certified and take continuing education classes in the risky activities they participate in. By being highly knowledgeable of safety regulations and appropriate practices of a sport or activity, consumers can reduce the cost of their life insurance coverage.
•     Tell them everything – Even if someone only uses tobacco occasionally or plans to skydive once in their lifetime, they need to disclose these facts to their life insurance underwriters. Avoiding these details will not guarantee that you will get a better rate on your life insurance policy. In fact, if someone died as a result of a risky activity and they were not truthful on their life insurance application, their family could lose the death benefit.

“Keep in mind that as an adrenaline junkie you will pay more than the average consumer for life insurance, but don’t give up on looking for affordable life insurance coverage. It’s not out of reach if you do your homework,” says Udell. “Before settling with the first life insurance company that approves your application, be sure that you’ve done your research. It could save you a lot of money on your life insurance coverage.”

About AccuQuote:
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

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