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Online Broker Lets Consumers Choose The Price of Life Insurance
Date:6/28/2010

Shopping for life insurance by selecting your price is a unique way that people can save money, get a policy that matches their needs and stay within their budget.

Miami, Florida (PRWEB) June 28, 2010 -- An online life insurance firm is breaking new ground with an exclusive web-based system that lets customers choose how much they want to pay for a term life insurance policy. With the introduction of the Select Your Price™ concept, consumers with tight budgets in a tough economy are in the driver’s seat, selecting the price they can afford to pay for life insurance coverage.

“This is a new and very unique approach for people who want to buy life insurance for their families but have a specific budget in mind,” says E.C. Gordon, Chief Executive Officer of Cheapest Life Insurance (CLI) www.cheapestlifeinsurance.com. “Life insurance has never been more affordable and with what we call term life insurance on your own terms ™ consumers are totally in charge, naming the price they want to pay and controlling the amount of coverage.”

Cheapest Life Insurance’s proprietary software system allows buyers to input a monthly price and the quoting technology shops the market of top-rated life insurance companies for the best rates that most closely match the selected amount. The buyer is given a limitless choice of re-calculating the amount of coverage or the length of the term policy until they find the policy that best suits their needs.

Term life insurance is a type of policy that lasts a specific period of time— from five to thirty years—with a benefit that is paid out to beneficiaries at the time of the insured person’s death. The amount of coverage averages from about $50,000 to millions of dollars.
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