A person’s lifestyle and habits have huge effects on his or her life insurance rates. But whether you have poor habits or are involved in life-threatening activities or not you can still save in life insurance if you know a few things…
We are all aware of the fact that having the right weight and not smoking will result in lower life insurance rates. However, most of us don’t have an idea of what we’ll really save by doing this.
You can lower your rates by as much as 50% if you reapply after quitting smoking for at least twelve months. Insurers will give smokers twice the rates they give non-smokers.
Expect serious reduction in your rates if you also reduce to the right weight for your height. If a previously obese person reduces to the right weight for their height and gender they can get reductions in rates of up to 50%.
Do you know how much more you’re paying because you chose that more convenient option? For example, although it’s more convenient to pay monthly it costs you a lot more. The extra cost to you could be as high as an additional 20% to your annual premium. It’s really up to you to decide if the convenience is worth the expense.
Just check with your agent to see if the difference is a compromise you’re okay with. Then and only then would you be making an informed decision whichever you choose.
You can save much money on life insurance if you get and compare quotes from quotes sites. Getting quotes from at least three quotes sites increase the chances that you’d realize more savings in life insurance.