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Life Insurance Quotes -- How To Get The Cheapest

Apr 10, 2008
Life insurance quotes: Some ways of bringing down your rates could compromise the quality of coverage you get and are, therefore, NOT smart. But here's a better suggestion: Apply the correct tips and do a few things right and you'll get considerable discounts. These are tips that are good for you...

1. Smoking will make you pay very high life insurance rates. Smokers are more likely to die young and are also more likely to have many deadly diseases.

If smoking results to some kinds of health conditions, then it makes an individual a high life insurance risk and that calls for higher rates. If you can quit smoking you'll attract rates that are dramatically more affordable when you reapply after 12 months.

2. People with excess weight get a lot more in life insurance rates than those with normal weights. There's something known as Body Mass Index (BMI) which is used to determine a prospect's life insurance premium.

The higher a person's BMI rating, the more expensive their life insurance rates will be. Your weight is too much for your height and sex if your Body Mass Index is high.

Now do not wait until when you can lose thirty pounds since losing five pounds can drop you into a lower BMI rating which will result in cheaper life insurance rates.

3. If you need a discount, get your life insurance policy from the same insurer you bought existing policies from. Insurance companies give you a multi-policy discount to encourage you to buy other policies from them.

However, the entire amount you may get as discount may still be much lower if compared with savings you will make by buying your policies from different insurers.

4. An excellent credit rating will reflect favorably on your life insurance rate. Those who have poor credit pay higher rates for every form of insurance and that is also true for life policies.

The truth is that they believe that the likelihood of you missing payments of your premiums is very high. This translates to more danger to them and higher premiums for you.

5. Notwithstanding the fact that most insurance prospects have realized that smoking adds to their life insurance rates, they may not know that this also applies if they use other tobacco products.

Those who snuff or chew tobacco will also get higher rates than people who don't. Steering off all tobacco products will attract less expense in life insurance.

6. This is an issue that may not concern most people but is still worth mentioning

The use of illegal drugs will increase your life insurance costs. And even if the use of certain drugs is legally approved, abusing them will also make you spend more on life insurance rates.

In addition, avoid self-medication for both its grave consequences and the fact that it will make you pay much higher life insurance rates.

7. Get and compare quotes from five or more sites if you want to pay a lot less. It's free, quick and easy. You can get quotes that will have a difference in excess of $2,000. You could conveniently save that much by just picking the lowest life insurance quote.
About the Author
If you can't wait to start paying cheaper rates then start obtaining and comparing quotes at the following site: Get Whole Life Term Life Insurance Quotes. Chimezirim Odimba writes on insurance.
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