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Answered 2010-02-17 18:21:48

Term life insurance premiums will rise as you get older. One way to lower your preminms is to reduce your coverage amounts.

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There are a number of different reasons premiums for life insurance may drop over time. The premium for a life insurance policy is the amount you pay in return for the life insurance coverage on your life. The insurance company promises to pay out a death benefit to your beneficiary of you die, in return for your premiums you pay on your life insurance policy. Premiums are based on several factors, including your age, health, occupation, hobbies, lifestyle, if you smoke, driving record, credit history, height-to-weight ratio, etc. In addition, the type and amount of life insurance will have an affect on how much you pay for life insurance. What can lower life insurance premiums? Life insurance companies may lower their premiums over time if they have fewer claims, more people cancel their life insurance plans before dying, or people live for a longer period of time


Life insurance premiums vary by policy. There are few that offer single digit premiums.


The price of insurance depends upon what you are insuring and how much insurance you want; there is no limit to the price of insurance. If you want to take out a billion dollar policy on the life of your husband, the premiums are going to be very high.


The group term life insurance works just as a regular life insurance company would but their premiums are lower and they are very fair with their monthly prices.


You can find information of life insurance premiums, and what their purposes are by asking your current insurance company provider for information on it.


Modified Life Insurance is Ordinary Life Insurance under which premiums are calculated so that the first few years of premiums are less than normal, and subsequent premiums in later years are higher than normal. This type of coverage may also be called Graded Premium Whole Life Insurance under which insurance premiums are lower than normal for the first few years, then gradually increase for the next several years until they become level for the remainder of the policy.


NO. Life insurance premiums would NOT be deductible on your 1040 federal income tax return.


Personal life insurance proceeds are generally paid out free of income taxes as long as the premiums were paid with after-tax dollars. But if a business paid the premiums and deducted the premiums as an operating expense, then the life insurance proceeds would be taxable to the beneficiary.


The premiums will vary depending on your age and other factors. I would speak with an insurance professional.


Waiver of premium is an insurance rider that makes to where you stop paying your life insurance premiums if you were to become disabled. This typically lasts for as long as the disability lasts. This is not free, but can definitely be worth the price.


The price of USAA insurance will depend on various factors like your status in life, financial history and your needs. For example if you are a young healthy person you may not want many premiums and the cost of insurance may be lower; but if you are a couple with children then it may be much higher.


Gerber Life Insurance advertises that they have an affordable premium rate that never increases. You have to list your state, age, gender, and tobacco use to get a free quote as to price however.


Any major insurance company will be able to provide you with detailed information on term life insurance premiums. Providers such as State Farm, New York Life, and Nationwide are respected brokers of term life insurance.


There is no average price for life insurance per month. Life insurance rates vary based on a number of factors, including: You age, gender, amount of coverage, health, family health history, occupation, hobbies, smoker/non-smoker, on medication or not, etc. Each of the above mentioned factors affect your life insurance premiums. However, you can request free life insurance quote comparisons online to find the average price of life insurance for yourself.


Whole life insurance is less flexible then universal life insurance when it comes to premiums and payouts.


First of all, shop with multiple companies. A good insurance broker can quote the best priced term insurance. Health affects the premiums, therefore losing weight can get you lower rates, as well as quitting smoking.


No. Also, it is probably not a good idea to try and deduct the premiums for diability or life insurance because if you deduct the premiums or if the employer pays the premiums then any benefits are then taxable. You certainly would not want to have to pay income tax on a large life insurance benefit just because you wanted to deduct a few hundred dollars of insurance premiums.


Term life insurance has the lowest premium for a young person. Term life is temporary for 1-30 years of coverage. The younger you are when you purchase life insurance, the lower your rates. Since term life is the lowest cost life insurance, it would offer you the lowest premiums compared to the same amount of permanent life insurance.


"In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?"


the volume of whole life insurance premiums written grew steadily from about $50 billion in 1983 to $79.3 billion in 1991


I would like to pay on line for my reassure life insurance


Life insurance premiums are not tax deductible, in general. However, group life insurance premiums are deductible for a business if the death benefit is $50,000 or less. Also, using key man insurance and executive bonus mechanisms, sometimes there can be some tax advantages. But, the premium is not deductible.




Premium for term life insurance is always lower in comparison to endowment, ulip or any other life policies.However, age factor plays a part in determining the premia for term life insurance.The reason for lower premium in term life insurance is that there is no maturity payment and payment is only made to the nominee in case of any eventuality of the life assured.



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