3 Tips to Find Low-Cost Life Insurance

Written by Rob Pinner

If you have a family and you want to rest easy, you need to have life insurance. This will make it possible for your loved ones have no financial problems in case you die unexpectedly. If you have a family that depends on you, life insurance should be a priority for you.  Life Insurance is not expensive and if you follow these three guidelines you could actually save quite a bit.

1. Get the Right Coverage

Make sure to get the right amount of coverage to ensure that your family is protected. When coming up with the correct amount always look at how much income you bring home.  You will want to multiply that by 7-10.  Your family will need income replacement.

Next take a look at your debt. What you want to do is make sure that your loved ones is freed from debt. This will allow them to stretch the life insurance for a longer period of time. Your policy should be sufficient enough to cover any outstanding debt you may have.  Also when choosing the right coverage, you may want to consider any children’s education.

2. Shop Around

Shopping around can save you a lot on a life insurance policy. Teaming up with an independent agent will ensure you see all the rates.  Independent agents represent all the top companies and do the shopping for you.  You will want to make sure the insurance carriers have top ratings to ensure they can pay out claims.  When shopping around also look for strong customer service. This could come in handy if a problem ever arises.

3. Change in Health

Most life insurance carriers require that you get a physical exam. This is a requirement before you get approval from the carrier. The exam is done to get a picture of your overall health.

To give yourself a better chance at the lowest rate, I have laid out some things you can do:

  • If you smoke, quit it.  Smoking raises rate by about 40% across the board.
  • Its best not to be overweight.  Insurance carriers have weight guidelines that they use

You now know the 3 tips to finding low-cost life insurance!!

Frequently Asked Questions

What are some tips for getting low cost life insurance?

Tips to getting low cost life insurance are:

1. Shop around
2. Get the right plan and coverage
3. If healthy do the exam
4. Stop Smoking

Does smoking affect my life insurance premiums?

Yes, smoking will increase the premiums on your life insurance policy. Non smokers pay about 40% less than smokers.

Rob Pinner
Rob Pinner

My name is Rob Pinner and I own EasyQuotes4You. At EasyQuotes4You we aim to make your life insurance buying process a smooth and stress free transaction.  We are independent life insurance agents servicing all 50 states. I have over 15 years of experience and have focused solely on life insurance for the past 5 years. If you have any questions or comments please don’t hesitate to give us a call.

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