About 93% of American families think life insurance is essential, and yet three out of every 10 households don’t have a policy. There are several reasons why. About 10% of people are afraid of making the wrong choice, and so they don’t make any choice at all, and even more are worried that they can’t get affordable life insurance rates.
Whether you’re looking for a cheaper whole life insurance policy or just want to figure out how to get a great term life insurance quote, here are a few tips to help you get better life insurance rates than what you’re getting now.
Quit Smoking.
Mark Twain once said about smoking, “Quitting is easy. I’ve done it tons of times.” Well, if that were true, then the times when Mr. Twain had “quit,” he would’ve gotten better life insurance rates since smoking is the number one risk factor that increases cost. Smokers’ life insurance rates are twice that of non-smokers, but after about a year of being smoke free, most insurers will return their rates to the normal levels.
Get Your BMI in Line.
Obesity is second only to smoking when it comes to life insurance rates. Insurers know that it’s been linked to several fatal health conditions, such as heart disease. This is why obese persons have to pay about 40% more for life insurance. The obvious solution here is to get in shape, and the most tried and true way to do that is to eat healthily while getting at least 30 minutes of exercise each day.
Crush Your Medical Exams.
Your insurer is going to want you do to a medical exam to help determine your life insurance rates. In order to make sure the readings will accurately depict your healthy life style, make sure to fast for 12 hours ahead of time, abstain from alcohol for a full day before, not to do anything strenuous (like working out), and sleep well.
If you follow these tips, then in a few months you’ll be able to get some fantastics life insurance rates. If you have any questions, feel free to ask in the comments. See more.