Saving Money On Premiums
Premiums are monthly payments to your insurance company to keep your policy in effect. And the cost of your premiums is based on your health status and your medical history.
Save On Health Premiums
An insurance company will look at your age, where you live, and your lifestyle habits. And they’ll see what your health has been like in the past 10 years or so.
To save money on premiums…
- Try to stay healthier and lower your risk. Because insurance companies set your premiums based on “risk” factors, prove to them you can be healthy and you will be rewarded with lower premiums.
- Quit all unhealthy habits. You’ve heard it before — quit smoking. Not only will you save the money you would have spent on cigarettes, but you'll have lower premiums. Because smokers can have more than 3 times the premium of a non-smoker.
- The earlier you get a plan, the better. The younger you find a plan, the lower your premiums will be.
Save On Life Insurance Premiums
Life insurance premiums depend on your health and lifestyle as well, but there are other ways to save money.
- Look into term life. Term life plans offer the least expensive life insurance premiums you can find — and you can have a term life policy for up to 30 years.
- To extend a policy, get a rider. If you need to extend a policy, it’s much less expensive to get a rider on an existing policy, instead of buying an entirely new one.
- Find expert advice. Nothing will help more than the advice of a professional. And you can ask them any questions so you can make an informed decision.
For both health and life insurance, your wellness is the one of the most important factors in setting your premiums. Be healthy, and focus on routine preventive care, and your premiums can be affordable.
When you’re ready to find a plan and save money, request free quotes for advice from our professional agents. We'll help you find a plan that will be right for your budget.
|
