Do You Know About No Load Life Insurance?
We certainly see a lot of ads for cheap life insurance, but you seldom see an ad for no load life insurance. This is because this life insurance is sold without adding the commission fees into the premium, and so it is much cheaper. Do not assume you get the lowest, no load rates, even if you purchase a policy direct from an insurance company either because they still have to recoup their advertising. Insurance companies spend a lot in TV ads, direct mailers, and magazine spreads.
The absolute cheapest policy would probably be no load term life insurance. These are usually purchased from a financial advisor who earns his money by charging a fee for consulting, or who is a salaried employee of an insurance or financial company. Permanant life insurance like whole life or universal life insurance costs more because it builds a cash value, but with a no load policy, the cash value can begin accumulating right away. A cash value does not usually begin until the commission expense has been recouped by the insurance company.
If you are looking for more traditional, affordable life insurance why not take a couple of minutes to look at the best term life insurance quotes.
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