Best Insurance Rates: Cheap is not the Best Buy

2007-03-08 10:33:40

( Health )



NO ABSOLUTE BEST

Everyone wants to get the best insurance rates. After all who would not want to be given the best insurance for the best premium rates?

However we should all do well to remember that best insurance rates do not really exist because what is best for you and your loved ones may be totally inappropriate for someone else.

So how do we define best insurance rates?

Best insurance rates are not necessarily the ones that offer the cheapest premiums. Insurance premiums are based on the extent of coverage and the terms of your policy. When buying an insurance policy, you do not base your decision solely on the premium costs; unless you want buy something that is really a bargain but totally useless as well.

NO STANDARD POLICY

Best insurance rates are those that give you the lowest quotes for the benefits that you need. Term life insurance has the lowest premiums than cash value life insurance or any other type of life insurance. However, this does not mean that term insurance is the best life insurance on the market. What if your circumstances warrant a cash value arrangement? In this case the low premiums of term life are of no value to you at all. If you insist on buying the term life just because it is cheap, you end up wasting money on something you do not need at all.

The one thing to keep in mind is that there is no such thing as a typical insurance policy which is standard to all insurance companies. For instance, life insurance coverage and premiums vary greatly from one provider to another. That is why you it is your responsibility to do a life insurance comparison before you make any commitment.

Ultimately, making sure that you are getting the best insurance rates is your sole responsibility. No else will do it for you.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.