Police Life Insurance Comparisons

Finding life insurance for police officers with the lowest rates is now quick & easy!

All the police life insurance quotes you will be viewing will be accurate and constantly updated on a regular basis for your protection. You will be able to compare the best police life insurance rates from over 40 of the most trusted life insurance companies in the nation. Our quoting system will give you the advantage of displaying life insurance quotes displayed side-by-side.

We only provide you with the most competitive carriers so you don’t don’t waste any of your valuable time. If you have any medical conditions, we can help you choose the most applicable company that will place you in the best rate classification. We are independent insurance agents working on your behalf and not an insurance companies. The application process we use is a simple telephone application that takes about 20 minutes or less.

Here is how we find the best police life insurance rates

Any law enforcement officer shopping for police life insurance has one goal in mind. This simply to find the best rates possible. Nobody wants to pay any more that they have to for life insurance. Most term policies are basically standard designs that simply offer a death benefit and stay in force for a stated period of time known as the term period. As you read below, you will find a lot of useful ideas and facts you probably never heard of before. Before you go out and apply for life insurance, use this information to your best advantage. I guarantee these tips will help you to be successful in finding the best police life insurance rates.

Did you know that all insurance rates are regulated by law?

This is an important fact you need to understand. When you are shopping for police life insurance and reviewing the same plan design and the same insurance company. The premium you will pay is going to be exactly the same regardless of who you buy it from. If you apply through an independent insurance agent (broker) located in any given state or if you apply direct with the life insurance carrier itself. The premium will always be exactly the same to the very penny. Insurance agents have absolutely no control over the price of life insurance. The price is set by the insurers themselves!

Each insurance company has actuaries that carefully decide the rates and then it becomes etched in stone from that point on. Each and every state has a Department of Insurance that will review these rates before they can be released to the consumers. Each Department of Insurance will then approve the rates and inform the life insurance company to begin marketing these premiums to the consumers in each state they do business in. Read our life insurance rates are regulated by law blog post on our BestChoiceLifeInsurance.com website for more information.

Save money by paying your premium annually!

Paying your premium annually is always going to cost less than paying semi-annually, quarterly or monthly. Also if you pay once a year (if you can afford it) on an annual basis will cost approximately 7% less than paying monthly with most companies. If you pay semi-annually or quarterly will cost between 2-4% less. If your budget will allow it, pay your premium once a year and your wallet will thank you for it.

Life insurance rate bands and how they can save you money!

I am sure you have heard of the expression concerning buying in bulk and what it actually means. Purchasing life insurance works exactly the same way. If you purchase a large face amount, you will  receive lower life insurance rates in comparison to purchasing smaller face amounts. These are called life insurance “Rate Bands” and they can definitely help lower your premiums.  

Just for a quick example, if you wanted to purchase a $200,000 life insurance policy, it could be cheaper to purchase $250,000 for a face amount. The premium might be lower or just several dollars more to pick up another $50,000. Check out our life insurance rate band blog post on our BestChoiceLifeInsurance.com website for further details and some excellent examples.

Using multiple policies to reduce your police life insurance expenses.

The keyword here in “laddering policies”. Most people except for insurance agents have never heard of laddering life insurance policies. Here is a basic example how laddering policies works. Tim Flynn needs life insurance for approximately 30 years. He will need a grand total of $1,000,000 as his face amount. After the first 20 years, many of his financial liabilities will drop off, $500,000 to be exact.

Instead of purchasing a single policy for $1,000,000 for 30 years, Tim can apply for two policies at the same time. One term policy for $500,000 with a term period of 30 years and another policy for $500,000 for only 20 years. After his $500,000 of financial liabilities drops off after the first 20 years, he will still have his other $500,000 for the next 10 years. This will give Tim the needed face amount he needs at the correct term periods for less money than buying the one policy he originally planned on applying for. This concept can also be used for much lower face amounts also and be just as effective in lowering you annual insurance costs.

 

Choosing the correct life insurance company is crucial!

Choosing the most applicable life insurance company is by far the most important step when your mission is getting the best police officer life insurance rates. If you have serious  medical conditions, this makes applying with the right carrier even more important. If you have a dangerous sport or hobby you also have to apply with the correct to apply with. Our office works with over 40 highly rated life insurance companies to make sure we always have access to the best life insurance rates. Also, people with dangerous occupations have to keep in mind that the life insurance companies take your occupation into consideration. If your job is very dangerous, you could possibly be placed into a high risk classification.

 

Independent insurance agents have a major advantage!

Did you know that there are two types of insurance agents? These are independent agents (brokers) and captive agents. Independent agents do not work for an insurance company but captive agents do. Captive agents work for an insurance company such as State Farm, Country Financial, Farmers, Geico and many others. They only have one company to show you which totally eliminates the idea of shopping the market on your behalf. The independent agents otherwise known as brokers have access to the full insurance market. If you are looking for an agent to help you, go with an independent agent (hopefully us of course) especially if you are looking for the best police life insurance quotes.

Pre-screen any health conditions before you apply!

Anytime you have health issues especially serious ones, your agent should pre-screen your conditions before you ever sit down to apply. Without running a medical pre-screen, you could get an unwanted surprise after the final rates are determined by the insurance company underwriter. If you receive rates you’re unhappy with and re-apply with another company. The next company will know you recently applied and this is not a recommended practice unless there is no other choice. The second company you apply with may not give you lower rates you were hoping to receive. It always pays to see which company will offer the best police life insurance rates before you ever apply with any given insurer.

Purchasing life insurance for police officers is a simple process, plain and simple!

 It always pays to connect with a specialist regarding any type of life insurance product you are looking for. Life insurance for police officers is a specialty product within itself. There are many variables to consider so when you decide to apply. You should have the confidence that you are going to receive the lowest rates possible. I am sure you have a lot of questions. Go ahead and set up a time for us to talk and I will be happy to connect answers to all your questions.

All the best,
Jack Venturi