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I have been receiving a lot of calls from police offers concerning Term life insurance for law enforcement. It seems like as time progresses, a policeman’s job gets more difficult everyday due to the dangers of the job. Society has become more and more violent than ever before. A law enforcement officer has to put their life on the line each and every day.
When a person has financial liabilities and they have dependents at home, life insurance becomes very important asset. Shopping for Term life insurance for law enforcement and police officers should always be a smooth process. You should also be very successful in finding lowest preferred rates.
Finding the lowest rates on Term life insurance for law enforcement is a snap with our modern technology.
Finding the lowest rates is where the independent agents that specialize in life insurance comes in. Policeman should never have to pay higher rates that anyone else just become their job is more hazardous. Many other occupations are considered candidates for high risk life insurance but with police work, no worries.
This article will explain how law enforcement officers can purchase excellent life insurance products and receive low rates. You don’t have to pay higher premiums just because you put on a badge every morning. Follow along and we will discuss everything you need to know to be successful purchasing you new life insurance. You can also compare the best online life insurance quotes on our websites quoting system to see for yourself.
There are many excellent life insurance companies that will offer affordable low cost Term life insurance for Policeman.
The most important step in finding the best life insurance rates is to use to correct company. Every life insurance company looks at an application in a different way. Some life insurance companies have a big concern with tobacco users and some are going to be more liberal. One company will be more concerned about pre-existing medical conditions more than another.
When it comes to occupations that have a higher than normal risk factor, the correct company must be chosen. My point is, every company underwrites their applications differently than another. If you are a policeman, it only makes sense to use a company that is the most applicable one. This means you need to choose a company that is the most premium and risk friendly to policemen.
There are some questions that life insurance companies will be concerned with.
- Do you work high crime areas? The more dangerous the area you work in can reflect a higher rate of risk to your safety.
- What types of safety measure do you follow on the job?
- How often do you work in the field and out of the office?
- Do you have a specialty which is more dangerous such as narcotics, criminal investigations and traffic control?
- Are you working in high crime rate districts?
The answers to these questions will elude to the risk of being hurt or possibly be killed on the job. These are just standard questions related to your occupation. These questions have to be considered when finding the lowest rates on Term life insurance for law enforcement officers.
There are two basic forms of life insurance to consider, Term & Universal Life.
Low cost Term life insurance is by far the most common form of life insurance purchased in America. The big reason for this is Term plan designs have the lowest premiums and are very cost effective. When an individual looks for individual life insurance, Term always offers the best life insurance rates. People can then secure the higher face amounts they desire at an affordable cost. Use our face amount calculator to help you calculate your most applicable death benefit required for your specific needs. You can also purchase a Term life insurance with no medical exam required.
Just keep in mind that Term is a temporary plan design that is purchased for a specific time period. They are most commonly purchased with a 10, 15, 20 and 30 year term period. These plans can also be converted into a Universal Life or Whole Life plan design during the course of the term period. This can be done with no evidence of insurability which actually means no more health questions.
Low cost Term life insurance and Universal Life are excellent products that can be combined to offer the best of both worlds.
Permanent Universal Life insurance is a permanent form of life insurance that will insure you for the rest of your life. As long as you keep paying your premiums the policy will never let you down. Universal Life costs more than term products do but you will have life insurance until the day you die. A smart move is to have a Term policy with a high face amount for the most financially volatile years. Then you can also have a Universal life plan with a smaller face amount for the rest of your life. This would create the perfect portfolio with no gaps in coverage and also very cost effective too.
Independent insurance agents and brokers represent many companies and shop the market for the lowest premium.
Many occupations create a high risk to being injured or even killed and a Policeman’s job is no different. The insurance industry realizes that penalizing a Policeman with higher rates due to his occupation would be an injustice. They would be penalizing the brave people that make our towns and cities safe to life in. But sometimes working in more severe conditions can change that concept. This normally pertains to members of Swat Teams and undercover Narcotics Agents. Choosing the most applicable company can make the difference with this issue.
Police officers should never have to pay higher premiums because their job usually has a few more hazards.
This is why law enforcement personnel can get low cost life insurance just like an office worker could. The highest rated life insurance companies offer life insurance products with low rates to our friends in law enforcement. Only rare exceptions with the most risky conditions will increase a police officers rates.
Life insurance for police officers will be based more on your health history than it will on your occupation. By far most of the policemen we insure will receive preferred life insurance rates. There are many other occupations that would be treated as candidates for high risk life insurance. If your overall health is below average, you might consider life insurance with no medical exam as a good option.
We work with over 40 companies to make sure we are able to shop the market and find the lowest life insurance rates.
From the initial quoting to the final stages of the application process we make purchasing life
insurance as smooth as possible. Medical conditions as usual have an impact on the final rates regardless of your occupation. If you have any serious health issues we would run a medical pre-screen to choose the most applicable company. Sometimes a No Medical Exam policy would be the best way to go. Our quote engine will display the best online life insurance quotes with no medical exam.
An applicant’s lifestyle such as hazardous sports can play a big part in their final rates also.
As I mentioned before, all insurance companies underwrite their applications differently. Choosing the correct company for your specific details is crucial when securing the lowest rates. After choosing the best life insurance company we move on to the application process itself. We now use simple telephone applications that eliminated the paper applications that no one ever appreciated filling out.
This was due to their time consumption and possibility to improperly answer a question or possibly fail to answer a question. The applicant would then be required to go back and supply an answer to the question. This could definitely delay the application process. There is normally more work after the initial telephone application. The Para-med visit, medical records and a motor vehicle report as just a few of the next steps.
The insurance company underwriters set the final rates after an application is approved.
The final step would be to review the insurance company underwriter’s final decision which would indicate the designated rate classification and final premium. We always do our very best to renegotiate the final decision. This would be necessary if we believe that our client should have received a better rate classification. We normally have excellent success helping law enforcement officers find excellent life insurance coverage at low rates.
Life insurance rates like any other form of insurance rates are regulated by law!
There is no such thing as sales prices or sale discounts in the purchase of insurance. Premiums are regulated by law by your state’s Department of Insurance. All insurance agents go by the exact same rates that are published by the insurance companies. Nobody can sell for less than another for the exact same insurance product. We have an excellent track record of securing the lowest premiums for our applicants. This is usually done by using our comprehensive list of life insurance companies. Also, promoting the company underwriters to issue our applicants the best health classifications.
The rate classification has a major impact on the applicant’s final premium.
The medical underwriters always have the final decision concerning an applicant rates. We periodically promote
underwriters to take a second look at the application to get our client the lowest rates possible. We always use life insurance companies that are financially sound and have the most competitive rates. There can be a big difference between carriers and we have a comprehensive list of companies that we work with.
Purchasing low cost life insurance rates for policeman is never a problem as long as the individual’s health is within reason. If the applicant’s health is not considered well, we have companies that specialize is life insurance for people with pre-existing medical conditions.
We can help take the confusion out of purchasing life insurance and ensure you receive the best rates.
Shopping for Term life insurance for law enforcement and police officers can seem overwhelming. There are a lot of variables to stop and consider and you want to make sure that you’re always making the correct decision. Contact us today and we will answer all your questions over the phone, we’re here to help you.
We can be reached via phone, toll-free, by calling 800-897-5699 7 days a week.
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