Save Money on Your Life Insurance Policy

How to Save Money on a Life Insurance Policy

 

Do you want to learn how you can save money on your life insurance policy?

If so, we have several tips for you that can help. These tips are easy to understand, and anyone can use them to save some money when buying their life insurance policy.

 

1. Compare Rates – By comparing rates you may save up to 70% on your life insurance because each insurer has their own set of rates, and rates can vary quite a bit between companies.
2. Choose Term Life – Term life insurance is the cheapest form of coverage offering the lowest rates by far, compared to permanent life insurance.
3. Don’t buy more Life Insurance than you need – Use a life insurance needs calculator to determine how much life insurance you really need.
4. Choose Annual premium payments – They are lower than paying monthly premiums. The insurance company charges a finance fee for monthly payments. 
5. Quit Smoking – Smokers pay 2 to 3 times more for the same amount of life insurance compared to Non-smokers. So, if you smoke, it pays to quit smoking.
6. Get Healthy – Lower your cholesterol level and your weight to qualify for lower rates on your life insurance.
7. Buy at least 6 months before your next birthday – Rates are based on your age closest to your birthdate. So, if you buy within 6 months of your next birthday, you will be charged based on that age, not your current age.
8. Buy coverage while you are young and healthy – Rates for younger adults are lower, and healthy people get lower rates on life insurance than those with health issues.

 

How to Compare Life Insurance Quotes

Do you want to compare rates on low cost life insurance plans?

If so, you have three options available for finding the best rate on your policy.

 

1. You can call up life insurance companies one-by-one and ask for a life insurance quote.
2. Contact a local, licensed independent life insurance broker to meet with you and compare rates on life insurance from companies the broker has access to.
3. You could visit a life insurance web site that offers instant life insurance rate comparisons from a network of more than 40 highly-rated life insurance carriers.

NOTE: It’s much quicker and easier to get instant life insurance quotes on the internet.

 

Here are several reasons to compare rates for life insurance rates on the internet:

 

1. Compare rates from the convenience of your home any time of the day or night.
2. You get Instant life insurance quote comparisons from over 40 life insurers.
3. No need to meet with a life insurance agent.
4. No high-pressure sales pitch.
5. No obligation to buy.

 

Life Insurance Quotes

 

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote

Save Money By Laddering Term Life Insurance Policies

Where Can I Buy Cheap Life Insurance?

Save Money Life Insurance Policy