One of the reasons people put off getting life insurance is over concerns about the cost. They recognize that their dependents could benefit from coverage, but they don’t think they can afford the monthly premium at the current time. With that in mind, the guide below offers some effective ways to secure protection for less.

How to Get a Lower Life Insurance Premium

1. Quit Smoking

One of the key risk factors insurers use to assess policyholders is tobacco use. You might not see an immediate drop in quoted rates if you quit smoking now—insurers recognize the tendency to slip back into old habits—but there may be a drop a year from now or on subsequent anniversaries.

2. Lose Weight

As with smoking, those who go on a diet may not see immediately lower rates, because people who lose a lot of weight over a short period usually gain some or all of it back. But those who maintain a healthy body mass index for a year or more should qualify for lower premiums.

3. Avoid Dangerous Pastimes

Insurers tend to increase the risk profile of policyholders who voluntarily take part in dangerous hobbies. For instance, if you enjoy skydiving, rock climbing, or even scuba diving, you'll find you pay more for life insurance than you otherwise would. Therefore, try to curb your craving for adrenaline.

4. Don't Wait

Even if you're otherwise improving your risk profile by giving up tobacco and getting fit, you are, nevertheless, aging every day. The older you are, the more you will pay for coverage, so don't put off purchasing life insurance for too long. You might just "wait" yourself into a higher age—and cost—bracket.

For affordable life insurance coverage, contact Michael E Glick Insurance in Boerne, TX. He has been serving clients since 1991 and will provide a review of your current insurance needs at no charge. He also specializes in business, property, and auto insurance. View his other products online or call (830) 816-9488 to request a consultation or free quote.