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Posts Tagged ‘best life insurance companies’

As an independent insurance broker, specializing in helping people with their life insurance needs, the number one request I get is:” I want a cheap term life insurance quote.So let me share four ways you can save money when you want to compare term life insurance quotes.

Life insurance can seem like a burden, but imagine the burden you and or your family would have did not have it when it was needed. I know it’s not a pleasant subject, that is why it is best to deal with it responsibly and move on to more pleasant things to think about , knowing it is taken care of. With that said I would like to write briefly on ways you can save on your life insurance policy.

Number one, buy it while you are still young. Now I know that may be not relevant for everyone, but to those of you who are still in your twenties and thirties and have a family or dependants or a mortgage, you need life insurance. Lock in the cheapest term life insurance rate you can get while you are young and healthy. The two most outstanding factors in deciding insurance rates are age and health. And your health usually does not get better with age. That is why it is very important for those of you in your forties and fifties, who aren’t insured or are under insured, you should not wait to apply for your insurance policy.  One major health issue can greatly increase your rates.

Number two, do what it takes to be responsible for your health. Healthy diet and regular exercise and I can’t stress enough to limit alcohol cunsumption. The occasional drink is debatable if it is good or bad for you health, but in excess, alcohol acts just like sugar and becomes fat when it’s not burned. So too much drinking is not only bad for your health, but also can greatly add to weight gain. Health and weight both very big factors in insurance rates.

Number three, avoid using tobacco. Yes I know for some of you that it is easier said than done, but did you know that rates are almost twice as much for smokers than non smokers in many cases. And if you quit, within 2 to 5 years you may be able to dramatically lower rates, because rates are tiered in accordance to how long it has been since you quit smoking. So if you have quit smoking in the last 2 to 5 years you should review your policy with an insurance agent.

Number four, comparison shop for the best life insurance companies. Now before you go out on the internet and run all the numbers on those quote engines, understand that unless you know what the different life insurance companies requirements are, you really are not comparing apples to apples. That is where you need a good qualified independent insurance agent. A qualified independent insurance agent who knows the different requirements the insurance companies have is the quickest and easiest way to comparison shop, knowing for sure your getting the best life insurance rate.