A pure life insurance policy does not offer any return unless the insured event takes place. However, if you are still looking for such assurance, seguros de vida universal can help you to achieve that. Although these are life insurance policies, they can be cashed out after specific years. Therefore, if you feel that you do not need life coverage any longer, you can receive the accumulated cash value plus the interest generated on them simply by surrendering the policy. However, such facilities do not come free; you need to pay extra for that.

Let us go into more details. Know that a term life insurance is a pure life insurance policy; the premium you pay under it does not buy you anything other than death benefit and consequently you just need to pay for the cost of insurance plus a small administrative fee. .A universal life on the other hand requires you to pay not only an amount above the cost of insurance, but also higher administrative charges. That is why in comparison to term life insurance, seguros de vida universal seems rather overpriced.

Another difference between the term life insurance and the universal life is that term life is sold for a fixed time i.e. 1/5/10/15/20/25/30 years. The seguros de vida universal policy can cover you for 100 years. No one needs insurance for that long. If you know to take care of your finance then 30 years will do. If you are looking for a life insurance at an affordable rate that then the term life insurance quotes would be the test. These are cheap but until you meet a few parameters.

Now, what are those parameters? They are as follows:

1. Age of the insured at the time of the policy purchase; younger people get cheaper rate

2. Body mass index of the insured; People with higher BMI has to pay at a higher rate because such condition can have adverse effect on the person’s longevity

3. Women have larger lifespan than men have and so gender too is important

4. Health of the insured at the time of policy purchase is important too because it too can have adverse effect on his longevity

5. Tobacco use is another important factor because it may lead too many fatal diseases later in life.

Most of he American population are tobacco users and it had to avail a desired coverage. If you are interested in getting insurance you may find an affordable insurance. You can get the smokers term life insurance faqs online.

The first that on your list should be to find a broker who has knowledge about this. Tobacco use increases the insurance rates, there are some insurance carriers who will charge less than the others. Each carrier have their own set of guidelines that they follow so you might find that each carrier have different rates for the same kind of policy. Do not lie about tobacco usage and this will show in the urine test as nicotine will be in your system for up to 7 days and this can be in your system for several months and it can be got from your hair as well.

Whatever policy you buy whether term life or a universal life insurance you should not lie. If you lie and the insurer can terminate the policy. If found that you lied about any fact the insurance company can also withhold the benefit to your beneficiary. So, try to give the all the true fact and as far as possible try to give up tobacco.

There are some people who prefer the universal life insurance to the term life as they consider the universal life insurance not suitable for capital build up. Know your situation well before you choose your life insurance policy. The policy that you choose should fulfill your requirements.

If you want to find out more information about life insurance types, you should visit David Livingston\’s site today where he shares a lot more information on how to get the best policy to suit your needs. Go here now to get more details www.equote.com/life-insurance/no-medical-life-insurance/.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information, visit his site at http://www.equote.com/term-life-insurance/.

Author Bio: If you want to find out more information about life insurance types, you should visit David Livingston\’s site today where he shares a lot more information on how to get the best policy to suit your needs. Go here now to get more details www.equote.com/life-insurance/no-medical-life-insurance/.

Category: Finances
Keywords: smokers term life insurance faqs, universal life insurance, term life insurance quotes