Carefully setting up your life insurance policy is an important process to go through when you have a family. Taking the time to meet with an insurance agent and put together a policy that suits your budget and will provide for your family can give you and your spouse a high degree of peace of mind. If you've had an existing life insurance account for a while and are curious about lowering your premium to save money, the good news is that it's often possible. You have a variety of different methods of saving money at your disposal, including these three.
Cut Out Unhealthy Habits
If you're a smoker or drink alcohol frequently, cutting out these two unhealthy habits will help you get a lower life insurance premium. Granted, it can take a considerable amount of will power to say goodbye to cigarettes and alcohol, but if you're serious about wanting to lower your insurance payments, making this commitment is an effective way to keep more money in your bank account. Talk to your insurance agent to determine how long you need to be smoke- and drink-free before your premium gets adjusted. The company will want to see an extended commitment to this shift toward a healthier lifestyle; you can't expect to skip smoking and drinking for a couple days and get a lower rate.
Craft A Fitter Physique
Life insurance clients who are overweight often carry a higher risk of illness and even death. However, losing weight and keeping it off can lead to a drop in your life insurance premium. If you honestly know that you could afford to lose a few pounds, commit to eating a healthy diet and exercising regularly. While you won't see changes happen overnight, dedication to this healthier lifestyle can pay off around your waistline and your wallet. When you've worked hard enough to drop your weight to a healthier level, call your insurance agent and ask for a medical exam that will support your recent progress.
Be A Safer Driver
Frequent speeding tickets and accidents can not only raise your auto insurance, but also your life insurance premium. Conversely, staying out of trouble on the road is an ideal way to see your life insurance rate drop. One effective way to drive more safely is to sign up for a defensive driving program. It should pay off in the form of increasing your aptitude on the road, which can lead to a lower premium.
Contact a company like Advantage Insurance Agency, Inc to find out if you're eligible for a lower life insurance rate.