Do you like to gamble, or do you prefer things that are more certain?
How you answer this question could affect what kind of life insurance you buy and how much you have to pay each month for it.
Getting term life insurance might be a good idea if you like to gamble. A term life insurance policy only lasts for a certain number of years. After that, it expires, and you have to buy a new policy at the rates that are in effect for your age group at that time.
With a whole life policy, on the other hand, you buy a policy for a set monthly premium and keep paying that premium for the rest of your life. You never have to worry about the policy ending unless you stop paying your premiums.
The risk comes in because term insurance premiums have been going down over the past few years. One reason for this is that more people are buying term insurance, which causes prices to go down because there are more people buying insurance.
Some people are betting that the decrease will continue and that when their term policy is up for renewal, the new premium they will pay will be low enough to make their term policy as expensive as a long-term flat-rate whole life policy.
But no matter what kind of life insurance you choose, your goal is to find the best rate in Oregon, and there are a number of tips and tricks that can help you do that.
Do your research first and use the Internet to compare prices. You will be surprised at how much different companies charge for basically the same policy.
Once you choose a policy, you might want to pay your premium once a year instead of every month. If you pay for an entire year at once, you should get a pretty big discount.
If you smoke, stop. Start a diet and exercise plan if you are too heavy. People who don't smoke and take care of their health get a big discount on their life insurance.
If you already have life insurance and have had it for a few years, you should look at it again. You might be surprised at how much money you can save by renegotiating your current policy or selling it and buying a new one.
Work hard to keep your credit score as high as you can. Surprisingly, many companies give policyholders with a good credit history a rate break.
As you can see, you don't have to take the first life insurance policy that's offered to you. There are several things you can do to find the best rates on life insurance in Oregon, and it's up to you to use them.
