Insurance: Your Best Investment
Insurance is one of those purchases that you pay for faithfully, and hope you’ll never use. So while it’s obviously money well spent, if you can save a few dollars in the bargain, that’s all the better. Especially if you live in an area like New York, where the cost of living is as high as the skyscrapers. Low cost life insurance sounds almost like an oxymoron!

Fortunately, not only do a variety of New York life insurance companies offer Low Cost Life Insurance policies, those in every other state do as well. The place to find such savings is the Internet. You can search for companies that offer the type of plans that meet your needs, then obtain your life insurance quotes online, and make your decision. The days of tedious forms and hours meeting with insurance agents are over, thanks to insurance companies’ willingness to offer life insurance quotes online.

Low Cost, Long Life
Many factors affect the cost of your life insurance policy. The younger you are when you take out the policy, the lower the premium is likely to be, because the insurance company expects you to live a long life. The rates for variable life insurance plans will generally be much higher than term life insurance rates, because the variable insurance protection is linked with a savings account that translates into cash value.

You might also consider a “blended policy.” With a blended policy, you buy a combination of whole life and term insurance, and you also obtain paid-up additions-mini whole life policies purchased with the earnings on your cash value-which gradually replace the term coverage. This type of insurance can save you up to a third of the cost of a typical whole life or variable life insurance policy, and may be exactly the low cost life insurance option to suit your needs.

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