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How to Get Cheap Life Insurance


You've decided you need life insurance, but don't have a lot of extra money to spend. You want to keep the cost down, but still want to make sure your family is protected. It's possible to find insurance that meets your needs. Here are some tips on how to get cheap life insurance.

Know what you need. Do some research before you decide to buy. Decide if you need term or whole life insurance, and how much you need to buy. If you know what you want going in, the agent won't be able to talk you into spending more for unnecessary extras.

Shop around. There are lots of companies out there that want to sell you insurance. By getting quotes from as many places as possible, you're more likely to find cheap life insurance. With more options, you'll find a better deal.

Don't wait. If you're young and healthy, then this is the best time to buy insurance. The older you are the more you will pay because statistically, a higher age means a higher risk of death. As you age you are also more likely to develop chronic health conditions, like heart disease, diabetes or cancer. Any medical condition will raise the cost of your life insurance, so to lower the cost, it's best to get a policy before disease hits.

Drive safely. Your driving record also impacts what you pay. If you want cheap life insurance, keep your driving record clean. If you have had any accidents where you were at fault, this will significantly increase what you pay. If you've been involved in several accidents, you may even be declined insurance by some companies.

Lose weight, don't drink, and quit smoking. The healthier you are, the more attractive you seem to insurance providers. If you're overweight and worried about the high cost you will pay, make an effort to lose weight. Even if you're just getting started, a note from your doctor stating that you're on a weight loss plan might lower your rate. If you drink a lot or you're a smoker, cutting back and quitting will also significantly impact what you pay. On the other hand, if you lead a healthy lifestyle and work out regularly, you will be rewarded with a lower life insurance rate.

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