Because life insurance rates are based principally on age, consider buying coverage when you’re young and relatively healthy. Although there isn’t much you can do about your age, you can take steps to minimize risks and lower premiums. The tips below will help reduce your premium payments for life insurance without sacrificing the coverage your family needs.

How to Lower Life Insurance Costs

1. Maintain a Healthy Weight

Being overweight has been linked to a range of health conditions, including diabetes, heart disease, and some types of cancer. People who demonstrate the ability to maintain a healthy weight for an extended period have fewer risks for disease and, as a consequence, lower insurance premiums.

2. Stop Using Nicotine

People who smoke, chew tobacco, or use other nicotine products have a much higher mortality rate than those who have never smoked. Although insurance companies may not give you a lower rate until you’ve been nicotine-free for at least a year, if you’re a smoker, quit now.

3. Compare Policies

Insurance companies use proprietary formulas to determine rates, so premium prices will vary among providers. Shopping around and comparing prices before choosing a policy will ensure you get the coverage you need at the best rate possible. Working with an insurance agency that will structure a policy to meet your particular needs would also be a plus.

As an agent with Farmers Insurance Group, I offer high-quality life insurance coverage backed by one of the largest, oldest carriers in the nation. With over 15 years of experience serving families throughout the Mountain Grove, MO area, I have a thorough understanding of insurance needs and the expertise to help you make the right choices. Follow me on Twitter for more information about my background and services, or call (417) 926-7900 to request a free quote today.