However, this very advantage can ironically become the biggest disadvantage sometimes —
looking at the low premium rates, buyers may end up opting for a much larger cover than they actually require.
Edelweiss tokio life Insurance introduces MyLife +, an online term plan that offers comprehensive life
cover at low premium rates.
Take a look at this, from the author of the study «Buy Term and Invest the Difference Revisited», which, instead of buying a whole life insurance policy, refers to an alternative strategy of getting term life
insurance at a lower premium rate and investing what you would have paid for whole life insurance elsewhere:
If you are an AARP member, you may be eligible for group coverage
at a low premium rate.
Comprehensive life coverage
at low premium rates.
These policies are going to give you more coverage
at a lower premium rate.
Because of this, term life insurance can be extremely affordable, and it can provide you with a viable way to obtain a large amount of life insurance coverage
at a low premium rate — particularly if you are young and / or in relatively good health at the time you apply for the policy.
While it can be time - consuming to compare the commercial insurance products of several different companies, it can be very worthwhile to do so because you can potentially find better and more comprehensive coverage
at a lower premium rate.
Also, if a company offers you a lower deductible (initial out of pocket expense before the policy kicks in)
at a lower premium rate that is always a bargain.
One of the most - noted benefits of term insurance is that you are able to avail of a higher coverage
at lower premium rates.
Apart from high coverage
at low premium rates, a term insurance policy also offers you additional privileges in the form of term insurance riders.