Life insurance pays a designated beneficiary a sum of money upon the death of the policyholder. During their lives, the policyholder pays regular premiums in exchange for this benefit. There are ways to keep your premiums low and still have the protection and peace of mind that come with life insurance coverage; a few of these ways are discussed below.
How to Lower Life Insurance Premiums
1. Preserve a Healthy Weight
Carrying extra weight is a health risk that can make a person more prone to several medical problems and complications. When you maintain a consistent, healthy weight, you will typically receive lower life insurance rates. Most insurers utilize medical-industry standards for healthy height-weight proportions to determine premiums, so consult your doctor to ensure you meet an insurer's guidelines for body size.
2. Quit Smoking
Smoking puts you at greater risk for a wide range of health issues and increases the chances of an early death. Most life insurance policies have higher premiums for smokers, so the sooner you quit, the more advantageous it will be for your premium costs—and health.
3. Apply for Life Insurance Well Before You Need It
Any adult can get life insurance, but generally speaking, the older one is, the higher their premium will be. This is because the term of the policy will likely be shorter for an older person than it is for someone younger. Obtaining life insurance when you're younger and healthier is an ideal way to keep premium costs manageable.
If you’re interested in learning more about life insurance, turn to Landis Barrow of USHEALTH Advisors for comprehensive and accessible policies. He serves clients throughout the Tarrant County, TX, region. He will help you find the right policy for your needs and budget. In addition to life insurance, Landis provides a variety of health insurance options. Request an insurance quote by calling (817) 501-9154 or visiting his website today.