Life insurance may be priceless protection, but you still must pay for a policy. If you’re looking for ways to get the lowest monthly premium on your life insurance, read on to find out how to save on life insurance.
You may be familiar with common auto and home insurance discounts like the defensive driver, honor student discount and more; but life insurance discounts aren’t really a thing (although you can get a discount when you bundle your life insurance policy(ies) with other Alfa® policies).
The best ways to save on your life insurance premium are to maintain a healthy lifestyle and make good choices. It may not sound fun, but exercising regularly, eating healthy and eliminating poor choices like tobacco usage and excessive use of alcohol, are truly the best ways to get the best rate on your life insurance premium.
It’s important to know that you buy life insurance with your health – not money. Read on to find ways to get the best price you can.
Buy now – rather than later
Life insurance gets more expensive as you age. Think about it…the longer you live, the higher the chance that health issues can arise and the closer you are to mortality (which is what life insurance rates are based on). To lock in a lower rate, buy now. Plus, you never know what tomorrow holds. Don’t wait!
Stop Using Tobacco
Seriously. Tobacco users pay a lot more in life insurance because the rates for smokers is high. The medical exam required for obtaining most life insurance policies will usually detect nicotine in your bloodstream, so there’s no lying to get a better rate. A lot of companies are now offering a “smokeless tobacco” rate for those who use chewing tobacco instead of smoking. While a smokeless tobacco rate is less than a regular tobacco rate for smokers, it is still higher than the preferred rate of a non-smoker. Kick that habit!
Talk to your agent
There are a wide variety of life insurance policies, so our knowledgeable agents can help tailor a policy that is right for your financial situation. They can provide you various quotes for the different type of policies and help you determine what is best for you. Buying the right type of insurance is essential to your current budget and future.
Get an online quote for an estimate of what your life insurance premium may be or call your local Alfa agent for a quote today! Enjoy the peace of mind knowing your family’s future is secure.