Title:

5 Quickest ways to lower your Life Insurance Premium

Word Count:

383

Summary:

Worried about the spiraling life insurance premium? We have enlisted 5 quickest ways to lower your life

insurance premium. Well, keep these points in mind but do tread with caution and act prudently.

Keywords:

instant life insurance quote, life insurance

Article Body:

Worried about the spiraling life insurance premium? We have enlisted 5 quickest ways to lower your life

insurance premium. Well, keep these points in mind but do tread with caution and act prudently.

Shop around and Bargain

Shop, Compare and Bargain! Well, the oldest principle, old as dirt, but still going strong. Once decided on

your coverage, don’t just sign up for the first plan that crosses your eye. Ensure that you shop around

(internet is a great place to start) and get a feel of the market. This would help you to bargain hard and get

the greatest coverage at the lowest possible price.

Opt for Term Life Insurance – The quickest way to lower your life insurance premium is to opt for Term

Life Insurance policy instead of a whole-life policy. The idea is to keep insurance as what it is and not turn it

into an investment product. Thus, you can get yourself insured under term life policy at the fraction of the

cost of a whole-life scheme with typically the same coverage amount. However, do not forget that Term Life

Insurance covers you only for a pre-defined period of time.

Keep yourself Fit – Be a low risk proposition for your insurance provider by maintaining a healthy lifestyle

and keeping yourself away from addictions such as smoking, drugs and alcohol. A good health record will

result in considerable reduction in your life insurance premiums.

Consult an Insurance Advisor - To reduce your life insurance premium, the easiest thing you can do is to

consult a good Insurance Advisor. Since the advisor will be pro in the insurance marketplace, he/she would

be able to get you to the most affordable deal in line with your coverage requirements. Essentially a good

insurance advisor would compare different market rates for you and would also negotiate the best rates on

your behalf. Well, internet is a great place to identify an agent.

Start at a young age!

Insure yourself at a young age. Life insurance premium at a young age is only a fraction of what it could be

when you are well into your middle-age. The premise is young and healthy people are the lowest risk

segment. The low mortality risk is a great incentive for insurance companies to insure you at lower

premiums.

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