Do you know you need life insurance but put off getting it because you think it’s too expensive?
Would knowing there are things you can do to save money on life insurance help get you going?
There are some very simple things you can do that will save you money on your life insurance premiums. Here are seven easy ways to save.
Buy Life Insurance Early
Buying life insurance while you are young and relatively healthy will cost you much less in premiums than if you wait until you get older. The time to begin thinking about life insurance is as soon as you know you will have other people depending on your income, whether you’re getting married, expecting your first child or buying your first home. Waiting until later in life when you may develop health issues can cause your life insurance costs to increase dramatically.
Avoid Guaranteed Issue Life Insurance
Many companies offer guaranteed or simplified issue life insurance policies that promise coverage with a medical exam. While it may sound convenient, these policies can cost a relatively healthy person far more than a traditional underwritten policy that requires a medical exam. It may cost you a little more in time and effort, but it will pay off in lower life insurance premiums.
This seems like it ought to be a no-brainer these days, but being a non-smoker not only reduces your health risks, but also makes you a better risk when it comes to life insurance and that means you’ll pay less for your insurance than a smoker would.
Have A Clean Driving Record
Fewer accidents and tickets mean that you are a safer driver and therefore a better risk. Having a high number of accidents and other moving violations means you are potentially more likely to be involved in a fatal accident. When your risk factors increase, so do your premiums.
Live a Healthy Lifestyle
Staying at or near your ideal weight and exercising regularly will not only make you a lower risk when it comes to life insurance, but it will also increase your enjoyment and quality of life.
Avoid High-Risk Hobbies
Some hobbies, understandably, are riskier than others. Engaging in such activities as skydiving, hang gliding, mountain climbing,p flying small planes and hot-air balloons, as well as other similar activities will definitely increase your insurance premiums. Avoiding activities that have a higher risk of injury or death can have a beneficial effect on your life insurance premiums.
Call Roper for a Free Insurance Review
Finally, give Roper Insurance a call. We are happy to provide you with a no-cost, no-obligation insurance review. If you already have life insurance, we can review your policy to help ensure that you are adequately insured and to make sure that you have the right plan and the right coverage for you. If you don’t have life insurance yet, we can shop all the major life insurance companies to find the right coverage for you. Give us a call today at 303-721-1145 and start saving on your life insurance (as well as all your other insurance needs).