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are their any guaranteed lowload life insurance co’s out there that doesnt increase your premiums?

leezaunique asked:


i have a policy with 10 year term after the 10 years the amount is increased to high any suggestions please help
ok all i want is something to leave my kids and bury me i dont have a lot of money i live from pay check to pay check but i want them to have something
i can’t afford a lot now so i know when i retire, i would like to be able to keep up my premiums

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This entry was posted on Friday, July 8th, 2011 at 1:31 am and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “are their any guaranteed lowload life insurance co’s out there that doesnt increase your premiums?”

  1. Website content

    Renew it or exchange it for one with a longer level period. All insurance companies will increase your premium at some point if you do nothing with the policy.

    It’s just how it works. The longer the level period, the more you will pay up front, but the less you will pay overall. Some policies auto renew into another level, some into annually renewable term. Many allow conversion to a permanent policy.

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    Life insurance doesn’t have a “load”.

    If you want a policy that never, ever increases in cost, no matter how long you hold it, you want a whole life insurance policy. They’re the most expensive, but the premium will stay the same every year, until you die. You’d pay about ten times as much for it, as you do for term.

    I’d suggest, rather than renewing the policy, guaranteed, with no medical exam, start shopping around for a new policy – with a medical exam. Likely you can find rates considerably lower than the “guaranteed issue” rate of the renewal policy, if you’re healthy. Also, you might want to consider a 20 year term for the next one, rather than a 10.

  3. Kansieo.com

    Yes, but they are an even worse deal. The premium is high from the very start, so it does not have to increase.

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    You can check with Ameritas or TIAA-CREF for low load insurance options.

    After you’ve called them, check with a couple insurance brokers. I have found that “low load” or “no commission” does not always make them more competitive. Sometimes, commissioned just means the insurance company gets to keep less, not that you pay more.

  5. Kansieo.com

    you need to compare prices of various companies and then choose best plan ..here is the link that can help you

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