Category: Investing

How Does an Insurance Company Set Its Prices?

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Different life insurance companies use different formulas to set their prices. But generally, across the industry, the two main factors that go into determining rates for coverage are the policyholder’s age and health. Other details may play a role, such as your history (and perhaps your family history) of major diseases…where you live…even certain lifestyle issues such as high-risk pastimes you might participate in. But first and foremost, a life insurance company considers your age

Posted in Insurance, Investing

What Is the Most Affordable Type of Life Insurance?

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Put simply, the most affordable type of life insurance is the type that best meets your needs and fits your budget. First, specify why you are buying a life insurance policy. Is it to provide income replacement (or, as some call it, “lifestyle replacement”) for your dependents if you die? That is the reason most people see life insurance coverage. They want to make sure that if they die, their spouse and children can keep

Posted in Insurance, Investing