Insurance

Getting the Most Affordable Life Insurance Plan

baby-20607_640One of the most common reasons that people don’t buy life insurance is because they assume that it’s going to be too expensive to fit in their budget. In most cases, that couldn’t be further from the truth. Regardless of your health or any pre-existing conditions that you have it’s possible to get a quality and affordable life insurance plan. There are several ways that you can secure better insurance premiums from the company. Making a few simple lifestyle changes could save you hundreds of dollars on your life insurance plan.

Medical Exam

Before the insurance company accepts your application, they are going to require that you go through a medical exam. The medical exam results are going to play a huge role in how much you pay for your insurance coverage. The purpose of the medical exam is to give the insurance company an idea of how much of a risk you are to insure with a policy.

During the medical exam, the insurance company is going to measure your weight, your blood pressure, your heart rates, and they will also take a blood sample and a urine sample. If you’re looking to get better results from the insurance company, it’s vital that you get better results from the insurance exam.

Diet

The first thing that you should do is start a healthy diet. Making healthier food choices could have a huge impact on your overall health as well as your life insurance plan. A healthy diet is a great way to lose weight, lower your cholesterol, and reduce your chances of being diagnosed with severe health complications like diabetes.

You don’t have to completely change your diet to save money on your insurance plan. Making a few simple substitutions could have a huge impact on your health, which can save you hundreds of dollars on your life insurance plan.

Exercise

Getting consistent physical activity is a great way to help lower your blood pressure, lose any weight, and also reduce your risk of being diagnosed with other health problems. If you want to get lower premiums on your plan, you’ll need to lace up your running shoes and hit the gym.

You don’t have to be a professional marathon running to secure better rates from the insurance company. Hitting the gym two or three times every week could save you hundreds of dollars on your insurance premiums every year.

Tobacco

If you want to cut your premiums even more, one of the best ways to do that is to eliminate any tobacco that you use. If you’re listed as a smoker on your application, you can expect to pay much higher premiums for your insurance plan. In fact, smokers are going to pay twice as much for life insurance versus a what a non-smoker is going to pay for the same amount of coverage. If you want to get the lowest insurance premiums, you’ll need to kick the bad habit once and for all.

If you’re a cigar smoker or if you use chewing tobacco, you could also receive smoker’s rates. It’s important that you find a company that is going to give you the best rates available. Some insurance companies are going to look at smokers very differently, which means that it’s vital that you find a company that’s going to view tobacco users more favorably.

Comparing Quotes

When you’re looking to get the cheapest premiums available, it’s important that you get dozens of quotes before you decide which company is going to work best for you. Every insurance company is different, which means that you could receive drastically different rates depending on their medical underwriting.

There are thousands and thousands of different insurance companies on the market, which means that you could spend weeks calling those companies yourself looking for the best rates. Instead of wasting your time calling all of those companies yourself, it’s easy to use a website with a quote tool. These websites will allow you to get dozens of rates instantly.

Using one of these quote pages will save you both time and money on your life insurance policy. We know that finding a quality life insurance plan can be a frustrating process, but it’s one of the most important investments that you’ll ever make.

Be sure to check out some of our best posts:

Top things to remember when applying for a loan
Thinking of becoming a member of the National Consumer Panel?
A review of Blue Apron
Saving on water utilities if you have a pool
Which is Cheaper: Keg or Canned Beer?

Save More Money in 2018

Subscribe and join the worldwide 52-week money challenge! Get the tools you need right to your inbox.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

About the author

James

Leave a Comment