Life Insurance - When You Pay More Because You Tried To Save
Posted on March 2, 2008 - Filed Under Finance | Leave a Comment
Life insurance companies make their charges per $1000 of coverage you buy. Have you taken time to ask what you’ll be charge per $1000 if you choose to take on a policy with a certain coverage?
This is an important question you should ask your insurance agent and for very good reason.
In a case study, it was found that a profile pays $249.90 for life insurance coverage of $245,000. But if the same person rather goes for $270K coverage, they’ll pay just $248.40.
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