22 ways to reduce premium outlays - you, family and business
Article Abstract:
Holders of personal and business life insurance policies are advised to continually review their policies to ensure that they are not over-insured or are paying too high a premium for unnecessary insurance. For instance, grown-up and financially independent children can reduce premium outlays. Buyers of new policies are also advised to ask for a preferred rating, provided that they are in sound health, a non-smoker and in a low-risk job. For those with old life insurance policies, they should replace them with lower-cost term, whole lifer or variable universal life insurance.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
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Six ways to reduce insurance premiums
Article Abstract:
There are six ways for life insurance policy owners to reduce their premiums. These include switching to a newer life insurance policy that offers a lower overall cost. This is possible because of the reduction of insurance costs over the years as a result of longer life expectancies and higher levels of competition and profitability in the insurance industry. Non-smoking policy holders can also benefit from non-smoking discounts offered by some insurance companies or they can borrow against the cash value of the policy to pay for other financial responsibilities.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1996
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Smart life insurance: 23 ideas to better use your insurance premiums
Article Abstract:
Life insurance policies need to be reviewed and updated regularly to ensure that policy holders are getting the most value for the money. In reviewing their policies, holders should gather all the facts, examine ownership and beneficiaries, and analyze important policy provisions. They must also consider such issues as buy-sell agreements, deferred compensation, corporate minutes and compliance, self-employed insurance, and group and association insurance.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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