I better call life insurance to check if they have any extra livers/kidney I forgot to threaten dunkey I would kill kittens at the end for jokes, god dammit. Called out by WIWIWICHU www.youtube.com Calling out videogamedunkey : www.youtube.com I told him 5 days early so you assholes won’t be so jumpy from waiting for another cypher. This is my first song ever made with my own voice. I was going to do 16 lines but owell. Thanks goes to: Badministrator for being my consultant producer or w/e it’s called in making this. www.youtube.com and CODY youtube.com and Paper Airplane and Spidey Started by Cody and Collective youtube.com Cypher playlist: www.youtube.com Download the original beat: www.purevolume.com Download this: www.sendspace.com
Video Rating: 4 / 5
Question by Telling It Like It Is: Why are some life insurance policies more expensive than others?
One company would charge nearly $ 30 a month, another only $ 7 and I asked for the same amount of whole life insurance at my current age. What makes the more expensive one better – and is it better if you’re really covering yourself for same basic fees and services. Could someone explain in laymens terms?
Best answer:
Answer by vbgore
Generally speaking, an insurance company’s rates are based on their own claims experience. So one company might be much cheaper for say smokers, or people over 40 if their own claims experience has been lest costly. Whereas a different carrier who has taken a beating from smokers or folks over 40 will have higher rates for those classes. Also, there is an excellent chance that you DID NOT get two quotes on whole life. You probably got one whole life and one term quote. I have been an agent for 15 years, big difference between term and whole life. The source you got the quote from may have misunderstood your request. Also, even among policy types of the same class (that is term, whole life, universal life,etc) there can be major differences in policy structure that lead to more cost. One may build more cash value than the other, or one may have guaranteed increased face amount options at future dates (meaning that regardless of your health later on, the policy allows you to buy more coverage..) There are many reasons for the disparity. However, to go from $ 7 to $ 30…. something is fishy. I have never seen a whole life policy for $ 7 unless you were insuring an infant, etc.
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