Insurance Companies Offer A Concurrent Life Insurance Auto Discount
Adding a life insurance policy to your insurance portfolio could save you money. In fact, it’s a little known combination that could save you quite a bit of money and might even allow you to add a life insurance policy for yourself or a loved one at no cost.
First you must have two things to qualify for the offer.
1) An auto or homeowner policy from a company that also sells life insurance
2) Someone you care about and in whom you have an insurable interest
Here is what you need to know, through the power of multi-policy discounts, the savings generated by placing a life insurance product, with a home or auto insurance policy could be enough to completely pay for a small term life insurance policy. For example, if you were to purchase a term life policy for a grandchild or even a niece from the same company you already have an Auto or Home policy with, the saving created by a multi-policy discount might fund the premium of the life insurance policy.
Many companies offer anywhere from a 5% to 15% discount off the life and the other policy. In the cases of an auto policy (with an annual premium of $2500.00) a five percent discount would make $125.00 available that could be applied to the life policy. Since most children’s term life policies are relatively inexpensive, the savings should cover the cost of the policy.
The easiest way, to see if this could work for you is to contact a local insurance agent and ask him to see if you could qualify for a “free” or low-cost” life insurance policy. The agent can either work with your company or provide you with a quote from a company that will qualify for this discount.
Other Enhanced Insurance articles related to auto insurance discounts:
Enhanced Insurance is not written by attorneys. If you’re looking for legal advice, you need to contact a lawyer. Further, insurance practices and forms change constantly and are varied from state to state. For definitive answers in your area, contact a local agent.
While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.