Life Insurance Quotes — How To Get The Cheapest

By Chimezirim Gabriel Odimba in Life Insurance on April 10th, 2008

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by Chimezirim Gabriel Odimba

Life insurance quotes: Some ways of bringing down your rates could compromise the quality of coverage you get and are, therefore, NOT smart. But here’s a better suggestion: Apply the correct tips and do a few things right and you’ll get considerable discounts. These are tips that are good for you…

1. Abstain from smoking if you desire more affordable life insurance. It’s no longer debatable that smoking is the topmost cause of cancer and other killer diseases.

It costs life insurance carriers a lot more to give life insurance to smokers due to the bad risk they are to them. Once you quit smoking for up to 12 months tell your present insurer or reapply to another insurer and you’ll see a considerable slash in your life insurance premium.

2. People with excess weight get a lot more in life insurance rates than those with normal weights. There’s something known as Body Mass Index (BMI) which is used to determine a prospect’s life insurance premium.

A high BMI will always attract an expensive life insurance rate all other things being equal. You’re overweight for your height and sex if your BMI is high.

Now do not wait until when you can lose thirty pounds since losing five pounds can drop you into a lower BMI rating which will result in cheaper life insurance rates.

3. You can get substantial discounts if you purchase your life insurance policy from the same company that maintains your auto and home insurance. It is called a multi-policy discount.

However, the entire amount you may get as discount may still become insignificant if weighed with savings you’ll make by buying your policies from different insurance companies.

4. An excellent credit rating will reflect favorably on your life insurance rate. Those who have poor credit pay higher rates for every form of insurance and that is also true for life policies.

This is because insurance companies regard people who default in payments as irresponsible and a bigger risk to them. This means more danger to them and more expensive rates for you.

5. Notwithstanding the fact that most insurance prospects have realized that smoking adds to their life insurance rates, they may not know that this also applies if they use other tobacco products.

Those who snuff or chew tobacco will also get higher rates than people who don’t. Steering off all tobacco products will attract less expense in life insurance.

6. This is an issue that may not concern most folks but should be mentioned…

The use of illegal drugs will increase your life insurance costs. And even if the use of certain drugs is legally approved, abusing them will also make you spend more on life insurance rates.

Steer clear of self-medication as well and you will certainly get lower rates than folks who do not.

7. Get and compare quotes from five or more sites if you want to pay a lot less. It’s free, quick and easy. You can get quotes that will have a difference in excess of $2,000. You could conveniently save that much by just picking the lowest life insurance quote.

About the Author:

Get your free quotes this moment from the following site (You’ll spend just about five minutes): Get Whole LifeTerm Life Insurance Quotes. Chimezirim Odimba writes on insurance.