One of the most common reasons that people don’t have life insurance is because they assume that it’s going to be too expensive. In most cases, that couldn’t be further from the truth. It’s vital that you have the insurance protection that your family deserves.
Life insurance is one the most important purchases that you’ll ever make for the future of your family. You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your loved ones deserve. It’s important that you find the best life insurance policy at the lowest affordable price.
The first thing that you should do is get dozens of quotes before you decide which one is best for you. Every insurance company is different, and all of them are going to give you different rates depending on which company that you contact. Each company has different medical underwriting and rating systems that they are going to use, which means that the quotes that you get could vary wildly.
When you’re shopping for coverage, don’t go with the first plan that you find or purchase a plan because your cousin is a life insurance agent. Make sure that you do a little legwork before you purchase a plan, it could save you hundreds of dollars every year.
Work with an Independent Agent
There are over 800 life insurance companies on the market, which means that you could spend days and days contacting different companies to get quotes. Don’t waste all of your time calling those companies. Let an independent insurance agent do all of that hard work for you.
Unlike a traditional insurance agent, independent agents work with more than one company. Instead, independent brokers represent dozens and dozens of highly rated companies across the nation. Working with an independent agent will save you both time and money on your life insurance search.
Not only can independent agents give you dozens of quotes, but they can also answer any questions that you have about the types of plans available or how much life insurance that you should buy.
When you apply for life insurance coverage, the company is going to look at dozens and dozens of factors to determine how much they are going to charge you for insurance protection. One of the biggest factors is if you smoke or use chewing tobacco. If you’re a smoker, then you’re going to have a higher chance of being diagnosed with various types of cancer or suffering from a heart attack.
If you’re a smoker, then you’re going to pat at least twice as much for your insurance plan versus what you would pay if you didn’t smoke. With some companies, you’re going to pay three times more for that smokers insurance coverage. If you want to save thousands of dollars every year, quitting smoking is one of the best ways to do that.
If you smoke e-cigs or cigars, then there is a chance that you can still get non-smokers rates. Some insurance companies will give you non-smokers rates, even if you’re a cigar smoker that only smokes on special occasions. With e-cig smokers, some companies will not count you as a smoker, while others are going to give you smokers rates.
Improve Your Health
During the life insurance application process, the company is going to require that you take a medical exam (unless you buy a no exam plan), and the results of that exam are going to play a major role in how much you pay every month. If you want to save money, improving your health and getting better results from the exam is one of the best ways to do that. You can do that by sticking to a healthy diet and getting regular exercise. Both of these will help you lose weight, lower your cholesterol, lower your blood pressure, and much more. Getting in better shape can lower your rates by 50% or more.
Getting Affordable Life Insurance
Regardless of your health or any pre-existing condition, it’s possible to get a quality and affordable insurance plan. Not having life insurance is one of the worst mistakes that you could ever make for your loved ones.
If you’ve been avoiding buying life insurance because you think it’s expensive or too difficult to buy, you couldn’t be further from the truth. Several companies have specialized in making the life insurance buying process as quick and straightforward as possible.