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Major Drop in Premium Rates of Policies Expected
As reported by Insurance Information Institute, the premium rates for insurance are expected to drop by 3 per cent in 2006. This comes as a result of severe competition in the market. Another reason cited for the cut down of prices is the lower mortality of people. Businessherald.com reports:
You can now lower down your premium to a major extent by quitting smoking, eating right, and exercising. If you are young, think of buying a term life insurance, which has no cash value.
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