| Ok, so your getting a new mortgage and you were | | | | decreasing term life insurance you can "dial for dollars" |
| told you need to get a life policy to cover it and now | | | | by calling your local insurance agents or brokers or you |
| you are on the hunt. Being a wise consumer you | | | | can check sources for multiple insurance companies |
| decided to go with a term life policy because you | | | | online. |
| understand that they give you the best rate of all the | | | | Don't Give Away Too Much Info |
| different types of insurance. So here's the low down | | | | When you are doing your online searches you need to |
| on how to find the best policy | | | | understand that there are two types of business that |
| Face Facts | | | | you will come across. The first type of business is the |
| Of all of the term life policies a decreasing life policy will | | | | legitimate insurance brokerage or direct insurer |
| cost the least over time this is because the face value | | | | company; the second is the hard sell online broker. |
| the policy decreases or goes down over time - hence | | | | The difference is that the hard sell broker is trying to |
| the name decreasing term. This type of policy is | | | | mine your personal information before they give you a |
| perfectly suited for covering mortgages and is | | | | quote. They want your phone and address so that |
| sometimes called mortgage life insurance. | | | | they can call and talk you into a policy with them. |
| This is why a mortgage company requires this kind of | | | | Avoid these types of sites. |
| insurance; they want you to be able to pay off the | | | | A legitimate brokerage will give you a quote based of |
| mortgage in the event of your death. So when | | | | off common statistical date - your age, health, gender, |
| searching for a decreasing term benefit insurance | | | | etc. The trick is that both the good and the bad site will |
| understand that they differ significantly from every the | | | | require you to fill out some form of questionnaire it is |
| other type of life insurance which have a level death | | | | just a matter of ensuring that the questions are genera |
| benefit that stays the same over the term of the | | | | questions that do not include phone numbers, |
| policy. | | | | addresses or names. If they do you can rest assured |
| The Hunt | | | | you are dealing with a scam artist. |
| There are two strategies to finding a quote on your | | | | |