AccuQuote.comEducates Out of Work Single Parents Living Off Unemployment about Life Insurance Application Realities

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 8, 2011 -- Wheeling, IL –According to AccuQuote.com, an expert in online term life insurance shopping and buying,many of its agents have recently been receiving calls from unemployed, single parents living off unemployment benefits looking to purchase life insurance. Because these people haven’t had exposure to life insurance products, they are expecting the best rates and terms. The reality is that life insurance carriers vary widely on how they are treating unemployment income in considering financial justification.

“With a large portion of the U.S. population still without a job, unemployed parents still want to assure their families are protected should they pass away unexpectedly,” says Byron Udell, founder and CEO of AccuQuote. “Regardless of employment, these parents have the desire to provide financial security for their surviving dependents.”

Single parents with unemployment benefits as their only income should be aware that rates vary significantly and that companies like AccuQuote, who aggregate products from multiple carriers in a convenient user interface, provide a shopping experience that is particularly useful for these shoppers.

Take a 24-year-old single mom with two children who receives$12,000/year in unemployment benefits, and is applying for a $250,000, 30-year term policy. According to this scenario, some “A” or “A+” rated companies may qualify this customer for the $250,000, but would need to be provided with a source of income and details of unemployment on the application. Other life insurance carriers look to see if this customer’s financial situation increases the risk of a lapse in the policy before a decision is made, while some would decline because customers must have actual earned income.

The key to finding affordable life insurance based on your health and lifestyle is to compare life insurance quote rates from an online multi-carrier brokerage firm who has access to the specific underwriting guidelines at various life insurance companies.

Contact AccuQuote for information on life insurance and ways to pay premiums. Call 888-314-4455.

About AccuQuote

AccuQuote helps consumers find the best values in life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals who answer questions, identify important issues and make meaningful recommendations. The company offers consumers an extensive selection of life insurance products, including term life, whole life, universal life, accidental death, long-term care, disability and selected annuities. AccuQuote.com has many handy insurance tools, including a term life insurance calculator to help consumers determine their life insurance needs, a glossary of industry terminology, a collection of articles and press releases that cover many life insurance topics and a blog that provides opportunities for discussion on life insurance and personal finance. For additional information or to get free quotes for low cost life insurance, please call AccuQuote at 888-314-4455.
http://www.accuquote.com/

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