Term Life Insurance Provides Recession Proofing Insurance

AccuQuote.com, a Leading Provider of Term Life Insurance Quotes, Provides Tips for Recession Proofing Insurance

AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, recommends several tips to ensure people don't go uninsured. Tips include advice on how to keep your term life insurance, health insurance and disability insurance costs down.

Wheeling, IL  -  April 22, 2008 -- The unemployment rate has reached a two-year high. The Center for Economic and Policy Research predicts a recession would cause at least 4.2 million people to lose some insurance coverage. AccuQuote.com, a leader in providing term life insurance quotes and policies to people across the United States, recommends several tips to help people protect their family.

"As people lose their jobs, they may lose some insurance benefits too," says Byron Udell, founder and CEO of life insurance quote provider, AccuQuote.com. "If you think there is a chance you could get laid off, you should start comparing insurance polices before you run into a situation where you are forced into getting something right away. In which case, you may not always get the best price or product. "

AccuQuote.com suggests the following tips for recession proofing insurance needs:

• Switch to a term life insurance policy - Consumers that have a group life insurance policy will most likely lose their coverage if they lose their job. Switching to an individual level term life insurance policy is usually less expensive and the coverage is portable.  
 
• Compare individual health insurance policies - If a company goes bankrupt and there is no longer a health plan, COBRA coverage will not be available. Most of the time individual health insurance policies are less expensive than COBRA. However keep in mind that some people, depending on their health, may not be able to buy individual coverage at a lower cost.  
 
• Shop for disability coverage - Consumer's protect their health and life, but they often forget about their biggest asset...their ability to work. Consumers should shop around for individual disability coverage. Unlike the one from an employer, consumers can keep this coverage if they move from job to job. And benefits will be tax-free if the premiums are paid by the insured. 
 
• Be careful before dropping ANY existing coverage - Consumers should not only compare costs, but make sure their new coverage is paid for and in-force before dropping any existing insurance coverage.

"No one likes to think about the worst possible scenario, but this is becoming a reality for many people," said Udell. "If you are one of the unfortunate people that will lose your job in 2008, you'll be happy that you took a moment to recession proof your insurance needs ahead of time."

About AccuQuote.com
AccuQuote.com helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance policies, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help consumers figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

Press Contact: Denise Mancini
Company Name: AccuQuote
Phone: 847-850-1650
Website: www.accuquote.com