Life Insurance

Life is precious and we must make sure that it is preserved and it deserves proper insurance. We at Ezhealthcoverage.com provide you with only the legit and necessary information that you need in order to make a wise decision regarding life insurance policy as well as its terms and conditions.

Benefit of Purchasing an Insurance Policy from our Agency

Our insurance policy information portal has all the information about the quotes that various insurance companies are offering along with the insurance applications they provide to their customers. If you have any doubt or a problem related to any insurance policies then you can contact any our competent customer support executives and let us help you. We can help you by giving you easy to follow instructions or advices over the phone as well as over the internet. We make your insurance policy buying experience easier. For more information on the insurance service providers and life insurance policies visit our homepage.

Defining Term Life Insurance

A term life insurance plan is meant for a particular time period only. It covers only the risk and it is offered with a guaranteed premium which is also meant for a limited time period equal to the time for which the policy has been bought. It is better to buy a term life insurance if you do not wish to buy an insurance policy for a higher policy cost. Term life insurance policy is a cheaper option for getting your life insured. Under the term insurance policy the policy holder gets to insure his life and his family members as well. Thus if an untimely death of the policy holder occurs then the family members will get returns for the loss of income. The cash value policies are more expensive than term life insurance policies and term policies do not have an accumulated cash value either.

How to Choose a Term Life Insurance Company?

We can help you to choose the right term life insurance service providing company. A term insurance policy is a lot like the everyday used products meaning most of the qualities are similar. Thus all the companies that provide term life insurance policies are not different regarding the terms and conditions of the policy. The only factor where these policies might differ is the price it incurs. Thus to help you find the policy of your choice and budget we offer you a comparison of all the insurance companies that provide these services. These companies have been selected on the basis of their ratings and only those that have a rating of A or better have been selected.

 

How much Life Insurance do you need?

The insurance needs of each person differ from each other and hence there are no methods or rules designed to calculate the amount of insurance that a person needs. It is up to the policy buyer how much amount he would like to keep for his family and dependents in case of his untimely demise. Many people suggest that an amount equal to 10-20 times your annual earning should be sufficient but mostly people decide that amount which they think is sufficient for their family.

What is Level Rate Guarantee?

We would like to suggest you to buy a Level Rate Guarantee applicable on the insurance policy for a definite period of time because it is quite beneficial. Having a Level Rate Guarantee means the premium amount will not change for a definite time period. This time period can be as less as 5 years and as long as 30 years.

Which Premium Options are Available?

The premium options offered are of annual term life insurance types but you can pay the premium on a monthly, quarterly or on a semi-annual basis. The annual premium payment option is cheaper than the other options.

How much time does this process take?

To begin the process of underwriting the insurance policy the company will first need you to complete your medical check-up (which is free) and they should be given your signed application as well. At the most it will take 3-4 week but if the company needs to get the medical reports and other necessary documents from the doctor then it can take around 4-7 weeks. It will depend on the doctor’s promptness in providing the documents and reports.